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 ₹ 97.6 Cr.
- Current Price ₹ 47.0
- High / Low ₹ 78.6 / 42.5
- Stock P/E 7.32
- Book Value ₹ 53.0
- Dividend Yield 2.13 %
- ROCE 20.3 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.89 times its book value
Cons
- Contingent liabilities of Rs.78.8 Cr.
- Working capital days have increased from 65.2 days to 144 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.
Peer comparison
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 | 149 | |
| 53 | 55 | 68 | 83 | 122 | |
| Operating Profit | 6 | 4 | 10 | 19 | 27 |
| OPM % | 10% | 6% | 13% | 18% | 18% |
| 0 | 5 | 1 | 1 | 5 | |
| Interest | 1 | 3 | 3 | 6 | 10 |
| 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: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 62% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 16% |
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 | -37 | |
| -2 | -4 | -15 | -3 | -12 | |
| 1 | -1 | 16 | 29 | 55 | |
| Net Cash Flow | -0 | 7 | -1 | 10 | 6 |
| Free Cash Flow | -1 | 10 | -1 | -15 | -47 |
| CFO/OP | 13% | 321% | 0% | -85% | -140% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 132 | 113 | 83 | 152 | 91 |
| Inventory Days | 276 | 256 | 240 | ||
| Days Payable | 191 | 196 | 48 | ||
| Cash Conversion Cycle | 132 | 113 | 168 | 212 | 283 |
| Working Capital Days | 54 | -27 | 7 | 45 | 144 |
| ROCE % | 18% | 18% | 22% | 20% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| East India Revenue Share % of revenue ・Standalone data |
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| Government / PSU Revenue Share % of revenue ・Standalone data |
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| Oil & Gas Infrastructure Revenue Share % of revenue ・Standalone data |
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| Oil & Gas O&M Revenue Share % of revenue ・Standalone data |
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| Specialized Infrastructure Revenue Share % of revenue ・Standalone data |
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| Cumulative Pipeline Executed km |
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| Order Book Position INR Crore |
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| Active / Ongoing Projects Count |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- 13th AGM held on 29 Sept 2026; shareholders considered dividend, borrowings, charge creation and RPT approvals.
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management will join Bharat Connect Conference Rising Star on 28 September 2026 at 5:00 PM IST.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation Of Record Date For Dividend
Concalls
-
Jun 2026PPT
Business Overview:[1][2]
OPEL is a specialized energy infrastructure services provider and O&M player which executes critical projects for the leading PSU clients in Oil & Gas sector, upstream gas gathering systems, cross-country pipelines, City Gas Distribution networks,
and civil infrastructure across 10+ Indian states.