Patel Engineering Ltd

Patel Engineerin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Patel Engineering Ltd

₹ 67.6 2.62%
14 Jun - close price
pateleng.com BSE: 531120 NSE: PATELENG
About

Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport. [1]

Key Points

Overview[1]
Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in civil engineering construction. The company holds a strong presence in various high-margin, technology-intensive areas like hydro, tunnelling, irrigation, water supply, urban infrastructure, and transport. It has executed 250+ projects. Patel Engineering Limited is involved in Hydropower, Irrigation and tunneling segments which constitute 90% of their orderbook.

Website BSE NSE
  • Market Cap ₹ 5,712 Cr.
  • Current Price ₹ 67.6
  • High / Low ₹ 79.0 / 28.0
  • Stock P/E 27.5
  • Book Value ₹ 40.7
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 6.92 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.31%
  • Company has a low return on equity of 5.60% over last 3 years.
  • Contingent liabilities of Rs.2,966 Cr.
  • Promoters have pledged 88.7% of their holding.
  • Earnings include an other income of Rs.212 Cr.
  • Company's cost of borrowing seems high

* 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

Sector: Infrastructure Developers & Operators Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
624 575 652 760 1,043 881 814 929 1,192 1,091 1,012 1,052 1,257
566 489 556 640 888 758 704 799 1,016 938 877 908 1,069
Operating Profit 57 87 96 120 155 123 111 131 176 152 136 145 188
OPM % 9% 15% 15% 16% 15% 14% 14% 14% 15% 14% 13% 14% 15%
-52 39 26 11 15 44 36 26 32 116 30 22 44
Interest 93 99 96 100 99 96 101 103 101 87 90 88 92
Depreciation 17 17 17 17 18 19 20 21 21 22 23 23 29
Profit before tax -105 11 9 14 54 52 27 33 86 160 52 56 111
Tax % 83% 67% 35% 35% 32% 34% 42% 34% 3% 17% 20% 24% 37%
-17 4 6 9 37 34 16 22 84 132 41 43 70
EPS in Rs -0.25 0.05 0.09 0.13 0.51 0.48 0.20 0.28 1.08 1.71 0.53 0.55 0.90
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,103 2,704 2,473 2,764 2,926 2,039 2,070 2,333 1,719 3,030 3,817 4,412
2,659 2,331 2,042 2,409 2,397 1,582 1,793 2,208 1,550 2,570 3,277 3,792
Operating Profit 444 373 431 355 529 457 277 125 169 460 540 620
OPM % 14% 14% 17% 13% 18% 22% 13% 5% 10% 15% 14% 14%
105 146 195 281 262 176 202 326 49 90 138 212
Interest 420 429 552 629 638 536 323 331 369 393 400 357
Depreciation 53 54 52 46 46 44 41 59 64 68 81 97
Profit before tax 77 36 22 -39 107 52 115 61 -215 88 198 379
Tax % 36% 31% 46% 24% 61% -13% 28% 39% 36% 37% 22% 25%
49 25 12 -30 42 59 83 37 -138 56 156 286
EPS in Rs 1.96 0.91 0.43 -1.08 0.74 1.05 1.40 0.61 -1.98 0.77 2.01 3.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 16%
3 Years: 37%
TTM: 16%
Compounded Profit Growth
10 Years: 29%
5 Years: 16%
3 Years: 86%
TTM: 31%
Stock Price CAGR
10 Years: -2%
5 Years: 39%
3 Years: 55%
1 Year: 129%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 6%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 8 8 8 16 16 16 41 47 48 77 77
Reserves 1,451 1,607 1,692 1,733 2,167 2,210 2,287 2,529 2,446 2,305 2,780 3,069
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
2,735 3,516 4,081 4,834 4,474 2,403 2,215 1,904 1,949 2,020 1,559 1,757
1,368 1,792 1,642 2,027 2,288 2,110 2,766 3,009 3,028 3,364 3,714 3,787
Total Liabilities 5,562 6,922 7,422 8,601 8,946 6,739 7,286 7,483 7,469 7,736 8,131 8,689
297 247 214 184 293 249 270 301 360 1,070 1,184 1,167
CWIP 18 21 4 101 5 2 3 11 5 5 14 63
Investments 571 592 606 515 492 495 600 669 654 258 226 234
4,675 6,063 6,598 7,801 8,155 5,994 6,412 6,502 6,449 6,403 6,708 7,225
Total Assets 5,562 6,922 7,422 8,601 8,946 6,739 7,286 7,483 7,469 7,736 8,131 8,689

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
68 -334 -55 -8 405 340 428 394 242 311 546 454
-248 -93 -47 9 -30 349 -4 -64 -22 -12 -139 -72
225 397 77 -45 -370 -625 -442 -348 -206 -229 -445 -367
Net Cash Flow 44 -30 -26 -43 5 65 -18 -19 13 70 -38 16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 94 50 64 31 24 36 37 49 71 46 41 39
Inventory Days 409
Days Payable 209
Cash Conversion Cycle 94 50 64 31 24 36 37 49 71 46 41 239
Working Capital Days 279 340 397 475 392 373 391 299 517 275 221 230
ROCE % 13% 10% 10% 10% 13% 14% 11% 8% 6% 12% 14%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
54.62% 54.62% 54.62% 54.62% 43.48% 39.11% 39.42% 39.42% 39.42% 39.42% 39.42% 36.11%
0.01% 0.51% 0.39% 0.37% 2.98% 2.92% 2.10% 2.38% 2.36% 2.83% 3.37% 8.47%
15.02% 15.02% 15.02% 15.03% 13.96% 13.96% 9.20% 9.25% 6.25% 5.59% 4.48% 6.38%
27.61% 27.10% 27.24% 27.25% 32.39% 36.82% 44.49% 44.15% 47.18% 47.37% 47.93% 44.63%
2.75% 2.75% 2.74% 2.74% 7.19% 7.19% 4.79% 4.79% 4.79% 4.79% 4.79% 4.39%
No. of Shareholders 88,66591,85892,86995,24599,0561,08,3211,19,5071,37,0562,00,9412,18,5822,59,6052,65,079

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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