Pratham EPC Projects Ltd
Incorporated in 2014, Pratham EPC Projects
Ltd in the business of Pipeline Construction
of Oil & Gas and Water Engineering Procurement Construction[1]
- Market Cap ₹ 302 Cr.
- Current Price ₹ 166
- High / Low ₹ 262 / 133
- Stock P/E 22.5
- Book Value ₹ 41.9
- Dividend Yield 0.00 %
- ROCE 25.8 %
- ROE 19.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.81%
- Working capital days have increased from 120 days to 181 days
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 31 | 50 | 50 | 69 | 118 | |
| 28 | 44 | 40 | 54 | 100 | |
| Operating Profit | 3 | 7 | 10 | 14 | 17 |
| OPM % | 8% | 14% | 21% | 21% | 15% |
| 0 | 0 | 1 | 2 | 4 | |
| Interest | 1 | 0 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 2 | 6 | 10 | 14 | 18 |
| Tax % | 26% | 25% | 25% | 26% | 26% |
| 1 | 4 | 8 | 10 | 14 | |
| EPS in Rs | 13.95 | 54.44 | 94.32 | 5.66 | 7.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 71% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.81 | 0.81 | 0.81 | 18 | 18 |
| Reserves | 5 | 10 | 17 | 43 | 57 |
| 2 | 2 | 14 | 3 | 12 | |
| 13 | 16 | 16 | 14 | 19 | |
| Total Liabilities | 20 | 29 | 48 | 78 | 105 |
| 4 | 5 | 8 | 11 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 2 |
| Investments | 2 | 4 | 4 | 0 | 0 |
| 14 | 19 | 36 | 67 | 90 | |
| Total Assets | 20 | 29 | 48 | 78 | 105 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3 | 10 | -7 | -9 | -15 | |
| -3 | -5 | -3 | -1 | 0 | |
| -1 | -0 | 5 | 19 | 7 | |
| Net Cash Flow | -1 | 5 | -5 | 8 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 122 | 45 | 119 | 83 | 95 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 122 | 45 | 119 | 83 | 95 |
| Working Capital Days | -14 | -40 | 10 | 168 | 181 |
| ROCE % | 62% | 49% | 32% | 26% |
Documents
Announcements
-
Shareholders meeting
8 November 2025 - EGM on Nov 8, 2025 approved authorised capital increase from ₹20 crore to ₹25 crore and MOA amendment.
-
Disclosure of material issue
29 October 2025 - Pratham EPC Projects Limited has informed regarding Disclosure of material issue-SALE OF MACHINERY TO ITS WHOLLY OWNED SUBSIDARY
-
Copy of Newspaper Publication
18 October 2025 - Submitted newspaper clipping of EOGM notice published Oct 17, 2025 by Pratham EPC.
-
Outcome of Board Meeting
16 October 2025 - Pratham EPC Projects Limited has informed regarding Outcome of Board Meeting held on October 16, 2025.
-
Shareholders meeting
16 October 2025 - EGM on Nov 8, 2025 to increase authorised capital from ₹20 Cr to ₹25 Cr (add 50 lakh shares).
Business Overview:[1]
PEPCPL is an ISO 9001:2008 certified provider of end-to-end construction solutions in engineering, procurement, and construction for India’s Oil and Natural Gas sector, oil and gas pipelines, irrigation, power and industrial projects, water, and environment solutions