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 ₹ 3,202 Cr.
- Current Price ₹ 37.9
- High / Low ₹ 59.6 / 33.6
- Stock P/E 8.43
- Book Value ₹ 44.8
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 10.4 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.85 times its book value
- Company has delivered good profit growth of 179% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.44% over last 3 years.
- Contingent liabilities of Rs.2,681 Cr.
- Promoters have pledged or encumbered 88.7% of their holding.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -18.5%
* 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
Industrials Construction Construction Civil Construction
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,701 | 3,415 | 4,041 | 3,884 | 2,275 | 2,362 | 2,617 | 1,995 | 3,380 | 3,891 | 4,544 | 5,093 | 5,225 | |
3,234 | 2,919 | 3,642 | 3,463 | 1,743 | 1,985 | 2,432 | 1,750 | 2,850 | 3,330 | 3,854 | 4,345 | 4,495 | |
Operating Profit | 467 | 496 | 399 | 421 | 531 | 377 | 185 | 244 | 530 | 562 | 690 | 749 | 730 |
OPM % | 13% | 15% | 10% | 11% | 23% | 16% | 7% | 12% | 16% | 14% | 15% | 15% | 14% |
99 | 131 | 41 | 165 | 106 | 247 | 202 | -115 | 83 | 149 | 163 | -1 | 29 | |
Interest | 438 | 516 | 602 | 579 | 489 | 370 | 266 | 401 | 420 | 412 | 362 | 322 | 311 |
Depreciation | 82 | 80 | 55 | 78 | 54 | 50 | 66 | 72 | 82 | 81 | 98 | 100 | 99 |
Profit before tax | 46 | 32 | -216 | -71 | 94 | 204 | 55 | -344 | 112 | 218 | 393 | 326 | 348 |
Tax % | 46% | 69% | -9% | 45% | -12% | 22% | 43% | -21% | 39% | 18% | 26% | 27% | |
25 | 10 | -196 | -103 | 105 | 154 | 11 | -291 | 72 | 183 | 290 | 248 | 274 | |
EPS in Rs | 0.60 | 0.31 | -7.10 | -1.82 | 1.85 | 2.61 | 0.18 | -4.16 | 1.00 | 2.37 | 3.75 | 2.94 | 3.19 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 14% |
3 Years: | 15% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 59% |
5 Years: | 179% |
3 Years: | 58% |
TTM: | 65% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | 27% |
3 Years: | 23% |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 6% |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 16 | 16 | 16 | 41 | 47 | 48 | 77 | 77 | 84 |
Reserves | 1,785 | 1,885 | 1,705 | 2,123 | 2,144 | 2,260 | 2,506 | 2,273 | 2,336 | 2,811 | 3,076 | 3,700 |
4,478 | 5,163 | 5,395 | 4,982 | 2,910 | 2,698 | 2,296 | 2,296 | 2,292 | 1,758 | 1,910 | 1,615 | |
2,337 | 2,183 | 2,404 | 2,555 | 2,344 | 3,226 | 3,485 | 3,471 | 3,835 | 4,111 | 3,933 | 4,180 | |
Total Liabilities | 8,608 | 9,239 | 9,512 | 9,676 | 7,414 | 8,201 | 8,328 | 8,087 | 8,510 | 8,757 | 8,996 | 9,580 |
674 | 658 | 622 | 629 | 556 | 578 | 607 | 683 | 1,181 | 1,231 | 1,319 | 1,328 | |
CWIP | 786 | 982 | 837 | 868 | 792 | 1,063 | 1,141 | 679 | 283 | 294 | 233 | 171 |
Investments | 134 | 182 | 164 | 138 | 140 | 116 | 79 | 68 | 82 | 135 | 155 | 181 |
7,014 | 7,417 | 7,889 | 8,040 | 5,926 | 6,443 | 6,501 | 6,658 | 6,965 | 7,096 | 7,289 | 7,900 | |
Total Assets | 8,608 | 9,239 | 9,512 | 9,676 | 7,414 | 8,201 | 8,328 | 8,087 | 8,510 | 8,757 | 8,996 | 9,580 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-362 | -1 | -48 | 567 | 403 | 836 | 407 | 389 | 514 | 702 | 688 | 363 | |
-377 | -244 | 272 | -222 | 245 | -327 | -47 | 7 | -121 | -224 | -132 | -15 | |
614 | 229 | -311 | -343 | -578 | -513 | -367 | -311 | -340 | -541 | -429 | -283 | |
Net Cash Flow | -125 | -16 | -86 | 2 | 70 | -4 | -7 | 85 | 54 | -63 | 126 | 66 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53 | 61 | 46 | 24 | 39 | 35 | 46 | 79 | 61 | 47 | 44 | 54 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 53 | 61 | 46 | 24 | 39 | 35 | 46 | 79 | 61 | 47 | 44 | 54 |
Working Capital Days | 77 | 99 | 108 | 81 | 132 | 141 | 121 | 261 | 140 | 140 | 117 | 132 |
ROCE % | 8% | 8% | 7% | 8% | 11% | 10% | 6% | 6% | 12% | 13% | 14% | 15% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI LODR, 2015
2d - Settled judgment: liability Rs56.56Cr; agreed settlement Rs38.85Cr; first instalment paid Sept 30, 2025.
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Intimation Under Regulation 30 Of SEBI (LODR) 2015
30 Sep - Settled arbitration with Acron for Rs38.85 crore; Rs23.42 crore paid Sept 30, 2025; remaining instalments Oct–Dec 2025.
- Closure of Trading Window 25 Sep
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Outcome Of Meeting With Investors Held On September 23, 2025
23 Sep - 23 Sep 2025 video group meeting with Arihant Capital Bharat Connect; no UPSI disclosed.
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Outcome Of Meeting With Investors Dated September 22, 2025
22 Sep - Analyst/investor meeting on Sept 22, 2025, 10:00–13:00; physical; no UPSI discussed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Concalls
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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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
Offerings
The company is a prominent player in the civil engineering construction segment, specializing in the hydropower, tunneling, and irrigation segments. It is engaged in heavy civil engineering works, including dams, bridges, tunnels, roads, and industrial structures. [1] [2]