Oval Projects Engineering Ltd
Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company specializing in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India.[1]
- Market Cap ₹ 123 Cr.
- Current Price ₹ 59.0
- High / Low ₹ 86.0 / 42.5
- Stock P/E 8.93
- Book Value ₹ 53.0
- Dividend Yield 0.00 %
- ROCE 19.9 %
- ROE 16.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.11 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.60.4 Cr.
- Working capital days have increased from 64.6 days to 142 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 59 | 59 | 78 | 102 | 150 | |
| 53 | 55 | 68 | 83 | 124 | |
| Operating Profit | 6 | 4 | 10 | 19 | 26 |
| OPM % | 10% | 6% | 13% | 18% | 17% |
| 0 | 5 | 1 | 1 | 5 | |
| Interest | 1 | 3 | 3 | 6 | 9 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 4 | 7 | 13 | 20 |
| Tax % | 28% | 28% | 37% | 29% | 31% |
| 3 | 3 | 4 | 9 | 14 | |
| EPS in Rs | 452.74 | 486.28 | 3.22 | 6.11 | 6.61 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.07 | 0.07 | 14 | 15 | 21 |
| Reserves | 14 | 18 | 20 | 41 | 89 |
| 22 | 32 | 32 | 54 | 75 | |
| 34 | 32 | 38 | 47 | 32 | |
| Total Liabilities | 70 | 82 | 104 | 156 | 217 |
| 5 | 5 | 6 | 5 | 8 | |
| CWIP | 8 | 10 | 4 | 3 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 57 | 68 | 94 | 148 | 200 | |
| Total Assets | 70 | 82 | 104 | 156 | 217 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1 | 12 | -1 | -16 | ||
| -2 | -4 | -15 | -3 | ||
| 1 | -1 | 16 | 29 | ||
| Net Cash Flow | -0 | 7 | -1 | 10 | |
| Free Cash Flow | -1 | 10 | -1 | -15 | |
| CFO/OP | 13% | 321% | 0% | -65% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 132 | 113 | 83 | 152 | 90 |
| Inventory Days | 276 | 256 | 240 | ||
| Days Payable | 191 | 196 | 48 | ||
| Cash Conversion Cycle | 132 | 113 | 168 | 212 | 282 |
| Working Capital Days | 54 | -27 | 7 | 44 | 142 |
| ROCE % | 18% | 18% | 22% | 20% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Geographic Concentration - East/Tripura Region % |
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| Net Fixed Asset Turnover Ratio times |
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| Revenue Concentration from Top 10 Customers % |
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| Revenue Mix - Oil & Gas Infrastructure Vertical % |
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| Revenue Mix - Specialized Infrastructure Projects Vertical % |
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| Working Capital Cycle (Inventory + Receivables) days |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - FY26 revenue rose 50% to ₹153.14 crore; net profit rose 59% to ₹14.81 crore.
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Statement Of Deviation Or Variation
30 May - No deviation in IPO proceeds use for 54,99,200 shares; filed for half-year and year ended 31 March 2026.
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Audited Financial (Standalone And Consolidated)Result For The Half Year And Year Ended On March 31 2026
29 May - Board approved FY26 audited standalone and consolidated results; auditors gave unmodified opinion; internal auditor reappointed for FY27.
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - Board approved FY26 audited standalone and consolidated results; reappointed internal auditor for FY27.
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Board Meeting Outcome for Outcome Of The Board Meeting Dated May 29, 2026
29 May - Board approved FY26 audited standalone and consolidated results; unmodified audit opinion; internal auditor reappointed for FY27.
Business Profile[1]
Oval Projects is an infrastructure services company headquartered in Agartala, Tripura. It specializes in EPC (Engineering, Procurement & Construction) and O&M (Operations & Maintenance) services, primarily for the Oil & Gas sector, while also executing specialized infrastructure and civil projects.