Patel Engineering Ltd
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]
- Market Cap ₹ 4,402 Cr.
- Current Price ₹ 56.9
- High / Low ₹ 79.0 / 14.6
- Stock P/E 19.9
- Book Value ₹ 39.2
- Dividend Yield 0.00 %
- ROCE 13.7 %
- ROE 6.09 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 52.9 to 41.4 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.58% 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.200 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -21.4%
* 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: Construction Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,550 | 3,103 | 2,704 | 2,473 | 2,764 | 2,926 | 2,039 | 2,070 | 2,333 | 1,719 | 3,030 | 3,817 | 4,347 | |
2,207 | 2,659 | 2,331 | 2,042 | 2,409 | 2,397 | 1,582 | 1,793 | 2,208 | 1,550 | 2,570 | 3,277 | 3,739 | |
Operating Profit | 343 | 444 | 373 | 431 | 355 | 529 | 457 | 277 | 125 | 169 | 460 | 540 | 609 |
OPM % | 13% | 14% | 14% | 17% | 13% | 18% | 22% | 13% | 5% | 10% | 15% | 14% | 14% |
94 | 105 | 146 | 195 | 281 | 262 | 176 | 202 | 326 | 49 | 90 | 138 | 200 | |
Interest | 288 | 420 | 429 | 552 | 629 | 638 | 536 | 323 | 331 | 369 | 393 | 400 | 366 |
Depreciation | 53 | 53 | 54 | 52 | 46 | 46 | 44 | 41 | 59 | 64 | 68 | 81 | 89 |
Profit before tax | 96 | 77 | 36 | 22 | -39 | 107 | 52 | 115 | 61 | -215 | 88 | 198 | 354 |
Tax % | 37% | 36% | 31% | 46% | 24% | 61% | -13% | 28% | 39% | 36% | 37% | 22% | |
60 | 49 | 25 | 12 | -30 | 42 | 59 | 83 | 37 | -138 | 56 | 156 | 300 | |
EPS in Rs | 2.40 | 1.96 | 0.91 | 0.43 | -1.08 | 0.74 | 1.05 | 1.40 | 0.61 | -1.98 | 0.77 | 2.01 | 3.87 |
Dividend Payout % | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -5% |
3 Years: | 72% |
TTM: | 75% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 26% |
3 Years: | 74% |
1 Year: | 282% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 8 | 8 | 8 | 16 | 16 | 16 | 41 | 47 | 48 | 77 | 77 |
Reserves | 1,407 | 1,451 | 1,607 | 1,692 | 1,733 | 2,167 | 2,210 | 2,287 | 2,529 | 2,446 | 2,305 | 2,780 | 2,952 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2,080 | 2,735 | 3,516 | 4,081 | 4,834 | 4,474 | 2,403 | 2,215 | 1,904 | 1,949 | 2,020 | 1,559 | 1,830 | |
1,452 | 1,368 | 1,792 | 1,642 | 2,027 | 2,288 | 2,110 | 2,766 | 3,009 | 3,028 | 3,364 | 3,714 | 3,534 | |
Total Liabilities | 4,946 | 5,562 | 6,922 | 7,422 | 8,601 | 8,946 | 6,739 | 7,286 | 7,483 | 7,469 | 7,736 | 8,131 | 8,393 |
257 | 297 | 247 | 214 | 184 | 293 | 249 | 270 | 301 | 360 | 1,070 | 1,184 | 1,178 | |
CWIP | 104 | 18 | 21 | 4 | 101 | 5 | 2 | 3 | 11 | 5 | 5 | 14 | 12 |
Investments | 554 | 571 | 592 | 606 | 515 | 492 | 495 | 600 | 669 | 654 | 258 | 226 | 237 |
4,032 | 4,675 | 6,063 | 6,598 | 7,801 | 8,155 | 5,994 | 6,412 | 6,502 | 6,449 | 6,403 | 6,708 | 6,967 | |
Total Assets | 4,946 | 5,562 | 6,922 | 7,422 | 8,601 | 8,946 | 6,739 | 7,286 | 7,483 | 7,469 | 7,736 | 8,131 | 8,393 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
218 | 68 | -334 | -55 | -8 | 405 | 340 | 428 | 394 | 242 | 311 | 546 | |
-52 | -248 | -93 | -47 | 9 | -30 | 349 | -4 | -64 | -22 | -12 | -139 | |
-120 | 225 | 397 | 77 | -45 | -370 | -625 | -442 | -348 | -206 | -229 | -445 | |
Net Cash Flow | 46 | 44 | -30 | -26 | -43 | 5 | 65 | -18 | -19 | 13 | 70 | -38 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 121 | 94 | 50 | 64 | 31 | 24 | 36 | 37 | 49 | 71 | 46 | 41 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 121 | 94 | 50 | 64 | 31 | 24 | 36 | 37 | 49 | 71 | 46 | 41 |
Working Capital Days | 279 | 279 | 340 | 397 | 475 | 392 | 373 | 391 | 299 | 517 | 275 | 221 |
ROCE % | 11% | 13% | 10% | 10% | 10% | 13% | 14% | 11% | 8% | 6% | 12% | 14% |
Documents
Announcements
- Closure of Trading Window 22h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Mar - Patel Engineering Limited is proud to be the partner of India''s landmark infrastructure marvel - the Sela Pass Tunnel Project inaugurated by Shri Narendra Modi …
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (The 'Listing Regulations') 9 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 8 Mar
- Shareholder Meeting / Postal Ballot-Outcome of EGM 8 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Concalls
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Feb 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
Projects
The Co has undertaken various projects such as Kameng Hydro Electric Project, SRSP Canal Project, Raichur Sholapur Transmission Project, Rampur Hydro Electric Project, and High Altitude Road projects in various areas among other projects. [1]