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 ₹ 215 Cr.
- Current Price ₹ 118
- High / Low ₹ 196 / 103
- Stock P/E 35.0
- Book Value ₹ 49.9
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 7.44 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 139 days to 88.9 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|
| 50 | 50 | 70 | 119 | 140 | |
| 44 | 40 | 55 | 101 | 129 | |
| Operating Profit | 7 | 10 | 14 | 17 | 11 |
| OPM % | 14% | 21% | 21% | 15% | 8% |
| 0 | 1 | 2 | 4 | 3 | |
| Interest | 0 | 1 | 2 | 1 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 6 | 10 | 13 | 19 | 7 |
| Tax % | 25% | 25% | 26% | 26% | 16% |
| 4 | 8 | 10 | 14 | 6 | |
| EPS in Rs | 54.57 | 94.44 | 5.64 | 7.72 | 3.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | -54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 15% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.81 | 0.81 | 18 | 18 | 18 |
| Reserves | 10 | 17 | 43 | 57 | 73 |
| 2 | 14 | 4 | 12 | 47 | |
| 16 | 17 | 14 | 19 | 64 | |
| Total Liabilities | 29 | 49 | 80 | 106 | 201 |
| 5 | 8 | 12 | 13 | 36 | |
| CWIP | 0 | 0 | 0 | 4 | 3 |
| Investments | 4 | 4 | 0 | 0 | 0 |
| 19 | 36 | 67 | 89 | 161 | |
| Total Assets | 29 | 49 | 80 | 106 | 201 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 10 | -7 | -9 | -9 | -18 | |
| -5 | -3 | -1 | -1 | -27 | |
| -0 | 5 | 19 | 6 | 40 | |
| Net Cash Flow | 5 | -5 | 8 | -3 | -4 |
| Free Cash Flow | 9 | -11 | -13 | -15 | -43 |
| CFO/OP | 172% | -44% | -39% | -25% | -145% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 45 | 119 | 85 | 94 | 102 |
| Inventory Days | 222 | 333 | |||
| Days Payable | 45 | 167 | |||
| Cash Conversion Cycle | 45 | 119 | 85 | 271 | 268 |
| Working Capital Days | -40 | 10 | 168 | 160 | 89 |
| ROCE % | 49% | 32% | 26% | 10% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Cumulative Projects Completed Count ・Standalone data |
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| GCA (Gross Current Assets) Days Days |
||
| Machinery and Equipment Purchase (IPO Proceeds) INR Crore ・Standalone data |
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| Number of Permanent Employees Count |
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| Order Book / Unexecuted Orders INR Crore ・Standalone data |
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| Cumulative Pipeline Laid Kilometers ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Disclosure of material issue
10 June 2026 - Pratham EPC incorporated wholly owned subsidiary Pratham Arabia Company Ltd. in Saudi Arabia for Middle East expansion.
-
Outcome of Board Meeting
30 May 2026 - Pratham EPC Projects Limited has submitted to the Exchange Consolidated and Standalone the financial results for the period ended March 31, 2026.
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Statement of deviation(s) or variation(s) under Reg. 32
30 May 2026 - Pratham EPC Projects Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Disclosure of material issue
16 May 2026 - Board appointed M/s. VARSANI & ASSOCIATES as internal auditor for FY 2026-27.
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General Updates
12 May 2026 - Statutory auditor V C A N & CO converted to VCAN & COLLP effective 24 March 2026.
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