Patel Engineering Ltd

Patel Engineering is engaged in providing infrastructural facilities.

  • Market Cap: 575.98 Cr.
  • Current Price: 13.80
  • 52 weeks High / Low 22.00 / 7.20
  • Book Value: 61.02
  • Stock P/E: 69.23
  • Dividend Yield: 0.00 %
  • ROCE: 9.78 %
  • ROE: 5.12 %
  • Sales Growth (3Yrs): -16.39 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
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Pros:
Company has reduced debt.
Stock is trading at 0.23 times its book value
Promoter holding has increased by 0.81% over last quarter.
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor growth of -8.59% over past five years.
Company has a low return on equity of 3.46% for last 3 years.
Contingent liabilities of Rs.1845.05 Cr.
Promoters have pledged 88.09% of their holding.
Earnings include an other income of Rs.201.33 Cr.

Peer comparison Sector: Construction // Industry: Construction

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
612 598 559 593 661 660 747 550
525 446 464 568 578 583 655 619
Operating Profit 87 153 95 25 84 77 92 -69
OPM % 14% 26% 17% 4% 13% 12% 12% -13%
Other Income 246 -64 31 31 53 42 47 60
Interest 68 70 80 76 67 65 64 70
Depreciation 12 12 12 14 16 17 17 17
Profit before tax 252 6 34 -33 54 37 57 -97
Tax % 8% 29% 56% -7% 11% 29% 51% 24%
Net Profit 231 3 15 -44 40 27 13 -76
EPS in Rs 6.13 0.08 0.35 -0.89 1.07 1.56 1.79 -2.80
Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,507 2,460 3,191 3,476 3,592 4,115 3,701 3,415 4,041 3,884 2,275 2,362 2,617
1,231 2,065 2,682 3,001 3,131 3,556 3,242 2,904 3,642 3,483 1,852 2,008 2,434
Operating Profit 277 395 509 475 461 559 459 512 399 401 423 354 183
OPM % 18% 16% 16% 14% 13% 14% 12% 15% 10% 10% 19% 15% 7%
Other Income 32 150 98 89 91 82 107 116 41 185 215 265 201
Interest 60 189 192 297 333 437 438 516 602 579 489 370 266
Depreciation 63 120 109 82 89 77 82 80 55 78 54 50 66
Profit before tax 186 237 305 185 130 126 46 32 -216 -71 94 199 52
Tax % 12% 18% 30% 29% 46% 41% 46% 69% 9% -45% -12% 22%
Net Profit 152 180 198 123 67 65 16 8 -196 -103 105 154 4
EPS in Rs 11.69 7.25 3.95 3.88 0.90 0.46 0.00 0.00 2.78 3.91 1.62
Dividend Payout % 6% 6% 7% 6% 3% 0% 0% 0% -0% -0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-0.40%
5 Years:-8.59%
3 Years:-16.39%
TTM:10.80%
Compounded Profit Growth
10 Years:-4.76%
5 Years:56.64%
3 Years:49.59%
TTM:101.82%
Stock Price CAGR
10 Years:-26.84%
5 Years:-25.89%
3 Years:-35.97%
1 Year:63.12%
Return on Equity
10 Years:3.26%
5 Years:1.37%
3 Years:3.46%
Last Year:5.12%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 6 7 7 7 7 8 8 8 16 16 16 41
Reserves 840 1,011 1,356 1,421 1,550 1,621 1,785 1,885 1,705 2,117 2,144 2,260 2,506
Borrowings 1,194 1,747 1,830 2,384 2,838 3,475 4,478 5,163 5,395 4,982 2,910 2,698 2,244
714 852 1,532 1,675 1,797 1,920 2,337 2,183 2,404 2,561 2,344 3,226 3,729
Total Liabilities 2,754 3,616 4,724 5,487 6,192 7,023 8,608 9,239 9,512 9,676 7,414 8,201 8,520
435 500 555 644 635 715 674 658 622 629 556 578 607
CWIP 235 70 204 209 418 536 786 982 837 868 792 1,063 1,141
Investments 36 50 70 78 99 113 134 182 164 138 140 116 79
2,048 2,995 3,895 4,556 5,040 5,659 7,014 7,417 7,889 8,040 5,926 6,443 6,693
Total Assets 2,754 3,616 4,724 5,487 6,192 7,023 8,608 9,239 9,512 9,676 7,414 8,201 8,520

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-147 -283 -198 -217 548 -1 -362 -1 -48 567 403 836
-452 -50 -334 -112 -227 -168 -377 -244 272 -222 245 -327
638 308 499 345 -230 177 614 229 -311 -343 -578 -513
Net Cash Flow 39 -24 -32 16 91 8 -125 -16 -86 2 70 -4

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 15% 18% 15% 14% 11% 12% 8% 8% 7% 8% 11% 10%
Debtor Days 112 86 80 86 104 92 53 61 46 24 39 35
Inventory Turnover -0.51 0.02 0.02 0.02 0.00 0.00 0.02 0.01 0.01 0.01 0.01 0.02

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
24.77 20.74 20.74 20.74 20.74 19.82 19.46 19.45 19.45 59.84 61.87 62.71
0.45 0.59 0.66 0.59 0.39 0.30 0.02 0.00 1.46 0.62 0.59 0.58
53.38 56.23 55.49 54.95 54.56 51.74 50.94 50.78 46.66 19.39 18.25 17.61
17.56 18.60 19.27 19.88 20.47 20.04 21.48 21.69 24.38 16.73 16.05 15.93
3.84 3.84 3.84 3.84 3.84 8.09 8.09 8.09 8.06 3.41 3.24 3.17