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 ₹ 276 Cr.
- Current Price ₹ 151
- High / Low ₹ 443 / 145
- Stock P/E 20.1
- Book Value ₹ 42.0
- Dividend Yield 0.00 %
- ROCE 26.0 %
- ROE 20.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.81%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 50 | 50 | 70 | 119 | |
| 44 | 40 | 55 | 101 | |
| Operating Profit | 7 | 10 | 14 | 17 |
| OPM % | 14% | 21% | 21% | 15% |
| 0 | 1 | 2 | 4 | |
| Interest | 0 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 2 |
| Profit before tax | 6 | 10 | 13 | 19 |
| Tax % | 25% | 25% | 26% | 26% |
| 4 | 8 | 10 | 14 | |
| EPS in Rs | 54.57 | 94.44 | 5.64 | 7.75 |
| Dividend Payout % | 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: | 46% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.81 | 0.81 | 18 | 18 |
| Reserves | 10 | 17 | 43 | 57 |
| 2 | 14 | 4 | 12 | |
| 16 | 17 | 14 | 19 | |
| Total Liabilities | 29 | 49 | 80 | 106 |
| 5 | 8 | 12 | 13 | |
| CWIP | 0 | 0 | 0 | 4 |
| Investments | 4 | 4 | 0 | 0 |
| 19 | 36 | 67 | 89 | |
| Total Assets | 29 | 49 | 80 | 106 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 10 | -7 | -9 | -9 | |
| -5 | -3 | -1 | -1 | |
| -0 | 5 | 19 | 6 | |
| Net Cash Flow | 5 | -5 | 8 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 45 | 119 | 85 | 94 |
| Inventory Days | 222 | |||
| Days Payable | 23 | |||
| Cash Conversion Cycle | 45 | 119 | 85 | 293 |
| Working Capital Days | -37 | 84 | 174 | 184 |
| ROCE % | 49% | 32% | 26% |
Documents
Announcements
-
Disclosure of material issue
20 June 2025 - Disclosure of AED 8 million material related party transaction with wholly owned subsidiary.
-
General Updates
20 June 2025 - Board approved AED 8 million SBLC for wholly owned subsidiary to secure loan facility.
-
Outcome of Board Meeting
30 May 2025 - Audited standalone cash flow statement for FY ending March 31, 2025, showing operating, investing, financing activities.
-
Statement of deviation(s) or variation(s) under Reg. 32
30 May 2025 - Pratham EPC Projects Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
-
Disclosure of material issue
29 May 2025 - Sale of machinery worth Rs 3.09 crore to wholly-owned subsidiary at arm's length price.
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