Patel Engineering Ltd

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

Patel Engineering Ltd

₹ 57.0 -0.40%
11 Dec 3:58 p.m.
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 ₹ 4,825 Cr.
  • Current Price ₹ 57.0
  • High / Low ₹ 79.0 / 46.2
  • Stock P/E 17.7
  • Book Value ₹ 43.2
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 7.50 %
  • 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 a low return on equity of 6.27% over last 3 years.
  • Contingent liabilities of Rs.2,872 Cr.
  • Promoters have pledged 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

Sector: Infrastructure Developers & Operators Industry: Construction

Part of BSE Allcap Nifty Total Market BSE Industrials BSE SmallCap Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
724 878 1,112 901 830 955 1,205 1,119 1,021 1,061 1,343 1,102 1,174
602 732 957 767 712 814 1,036 948 881 919 1,106 933 1,012
Operating Profit 122 146 155 134 119 140 169 171 140 142 238 169 162
OPM % 17% 17% 14% 15% 14% 15% 14% 15% 14% 13% 18% 15% 14%
16 16 24 39 31 26 35 12 24 52 75 25 42
Interest 104 106 104 99 104 105 104 88 92 89 93 84 79
Depreciation 20 21 21 19 20 21 21 22 23 23 29 26 24
Profit before tax 14 36 54 55 25 40 80 72 49 82 190 83 101
Tax % 39% 19% 37% 32% 48% 23% -0% 42% 22% 16% 26% 43% 27%
7 27 38 37 23 24 82 43 38 69 140 55 73
EPS in Rs 0.10 0.38 0.53 0.51 0.30 0.31 1.06 0.50 0.49 0.89 1.62 0.63 0.87
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4,115 3,701 3,415 4,041 3,884 2,275 2,362 2,617 1,995 3,380 3,891 4,544 4,680
3,554 3,234 2,919 3,642 3,463 1,743 1,985 2,432 1,750 2,850 3,330 3,854 3,970
Operating Profit 561 467 496 399 421 531 377 185 244 530 562 690 711
OPM % 14% 13% 15% 10% 11% 23% 16% 7% 12% 16% 14% 15% 15%
79 99 131 41 165 106 247 202 -115 83 149 163 193
Interest 437 438 516 602 579 489 370 266 401 420 412 362 345
Depreciation 77 82 80 55 78 54 50 66 72 82 81 98 102
Profit before tax 126 46 32 -216 -71 94 204 55 -344 112 218 393 456
Tax % 41% 46% 69% -9% 45% -12% 22% 43% -21% 39% 18% 26%
74 25 10 -196 -103 105 154 11 -291 72 183 290 337
EPS in Rs 2.59 0.60 0.31 -7.10 -1.82 1.85 2.61 0.18 -4.16 1.00 2.37 3.75 4.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 14%
3 Years: 32%
TTM: 9%
Compounded Profit Growth
10 Years: 33%
5 Years: 15%
3 Years: 71%
TTM: 49%
Stock Price CAGR
10 Years: -2%
5 Years: 35%
3 Years: 31%
1 Year: -11%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 6%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 8 8 8 16 16 16 41 47 48 77 77 84
Reserves 1,621 1,785 1,885 1,705 2,123 2,144 2,260 2,506 2,273 2,336 2,811 3,076 3,566
3,475 4,478 5,163 5,395 4,982 2,910 2,698 2,296 2,296 2,292 1,758 1,910 1,455
1,920 2,337 2,183 2,404 2,555 2,344 3,226 3,485 3,471 3,835 4,111 3,933 4,262
Total Liabilities 7,023 8,608 9,239 9,512 9,676 7,414 8,201 8,328 8,087 8,510 8,757 8,996 9,367
715 674 658 622 629 556 578 607 683 1,181 1,231 1,319 1,303
CWIP 536 786 982 837 868 792 1,063 1,141 679 283 294 233 205
Investments 113 134 182 164 138 140 116 79 68 82 135 155 317
5,659 7,014 7,417 7,889 8,040 5,926 6,443 6,501 6,658 6,965 7,096 7,289 7,541
Total Assets 7,023 8,608 9,239 9,512 9,676 7,414 8,201 8,328 8,087 8,510 8,757 8,996 9,367

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -362 -1 -48 567 403 836 407 389 514 702 688
-168 -377 -244 272 -222 245 -327 -47 7 -121 -224 -132
177 614 229 -311 -343 -578 -513 -367 -311 -340 -541 -429
Net Cash Flow 8 -125 -16 -86 2 70 -4 -7 85 54 -63 126

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 92 53 61 46 24 39 35 46 79 61 47 44
Inventory Days
Days Payable
Cash Conversion Cycle 92 53 61 46 24 39 35 46 79 61 47 44
Working Capital Days 251 304 358 363 339 379 349 306 539 303 254 225
ROCE % 12% 8% 8% 7% 8% 11% 10% 6% 6% 12% 13% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.62% 54.62% 54.62% 43.48% 39.11% 39.42% 39.42% 39.42% 39.42% 39.42% 36.11% 36.11%
0.51% 0.39% 0.37% 2.98% 2.92% 2.10% 2.38% 2.36% 2.83% 3.37% 3.68% 3.09%
15.02% 15.02% 15.03% 13.96% 13.96% 9.20% 9.25% 6.25% 5.59% 4.48% 6.22% 4.45%
27.10% 27.24% 27.25% 32.39% 36.82% 44.49% 44.15% 47.18% 47.37% 47.93% 49.59% 51.96%
2.75% 2.74% 2.74% 7.19% 7.19% 4.79% 4.79% 4.79% 4.79% 4.79% 4.39% 4.39%
No. of Shareholders 91,85892,86995,24599,0561,08,3211,19,5071,37,0562,00,9412,18,5822,59,6053,40,8514,32,445

* 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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