RKEC Projects Ltd
₹ 21.7
0.42%
04 Sep
- close price
About
Incorporated in 2005, RKEC Projects Ltd is a construction and engineering Company, specializing in civil and defense infrastructure projects.[1]
Key Points
- Market Cap ₹ 56.1 Cr.
- Current Price ₹ 21.7
- High / Low ₹ 81.5 / 19.9
- Stock P/E
- Book Value ₹ 58.7
- Dividend Yield 0.00 %
- ROCE -5.54 %
- ROE -19.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.37 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -8.77%
- The company has delivered a poor sales growth of -2.29% over past five years.
- Company has a low return on equity of 1.01% over last 3 years.
- Contingent liabilities of Rs.22.9 Cr.
- Promoters have pledged 75.2% of their holding.
- Company has high debtors of 262 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 71 | 113 | 197 | 240 | 244 | 298 | 202 | 209 | 300 | 339 | 399 | 180 | 121 | |
| 61 | 100 | 169 | 201 | 201 | 229 | 171 | 184 | 246 | 290 | 346 | 199 | 171 | |
| Operating Profit | 9 | 13 | 29 | 39 | 43 | 68 | 32 | 24 | 54 | 49 | 53 | -19 | -49 |
| OPM % | 13% | 12% | 14% | 16% | 18% | 23% | 16% | 12% | 18% | 14% | 13% | -11% | -41% |
| 1 | 1 | 3 | 1 | 1 | -11 | 3 | 2 | 4 | 4 | 7 | 6 | 7 | |
| Interest | 3 | 5 | 8 | 4 | 6 | 13 | 14 | 13 | 26 | 16 | 21 | 25 | 25 |
| Depreciation | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 9 | 9 | 9 |
| Profit before tax | 3 | 5 | 20 | 33 | 35 | 41 | 17 | 9 | 27 | 28 | 30 | -47 | -76 |
| Tax % | 36% | 38% | 36% | 37% | 30% | 26% | 27% | 32% | 55% | 29% | 33% | -27% | |
| 2 | 3 | 13 | 20 | 24 | 30 | 13 | 6 | 12 | 20 | 20 | -35 | -55 | |
| EPS in Rs | 2.03 | 3.30 | 6.70 | 8.48 | 10.06 | 12.62 | 5.32 | 2.62 | 5.13 | 8.28 | 8.35 | -13.44 | -21.44 |
| Dividend Payout % | 0% | 0% | 22% | 24% | 20% | 0% | 23% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -2% |
| 3 Years: | -16% |
| TTM: | -69% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -406% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -25% |
| 3 Years: | -33% |
| 1 Year: | -70% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 3% |
| 3 Years: | 1% |
| Last Year: | -19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 19 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 26 |
| Reserves | 13 | 16 | 17 | 51 | 72 | 96 | 109 | 112 | 125 | 144 | 164 | 143 |
| 10 | 15 | 0 | 15 | 50 | 70 | 111 | 149 | 116 | 150 | 212 | 237 | |
| 23 | 72 | 77 | 60 | 89 | 133 | 116 | 73 | 120 | 112 | 169 | 144 | |
| Total Liabilities | 56 | 112 | 113 | 150 | 235 | 322 | 359 | 359 | 385 | 430 | 569 | 550 |
| 15 | 12 | 11 | 14 | 20 | 33 | 55 | 52 | 54 | 53 | 103 | 94 | |
| CWIP | 0 | 0 | 0 | 0 | 10 | 23 | 0 | 0 | 9 | 28 | 7 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 41 | 100 | 102 | 135 | 205 | 267 | 304 | 307 | 322 | 349 | 460 | 451 | |
| Total Assets | 56 | 112 | 113 | 150 | 235 | 322 | 359 | 359 | 385 | 430 | 569 | 550 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -10 | 25 | 20 | -24 | 7 | 39 | -36 | 12 | 16 | 17 | 11 | -30 | |
| -1 | 0 | 2 | -4 | -34 | -37 | 4 | -3 | 5 | -31 | -44 | -6 | |
| -3 | -6 | -23 | 25 | 25 | 0 | 30 | 15 | -41 | 13 | 37 | 32 | |
| Net Cash Flow | -13 | 19 | -1 | -2 | -2 | 3 | -2 | 25 | -19 | -1 | 4 | -4 |
| Free Cash Flow | -11 | 24 | 20 | -31 | -2 | 9 | -39 | 11 | 0 | -9 | -26 | -30 |
| CFO/OP | -90% | 199% | 86% | -32% | 41% | 72% | -99% | 63% | 57% | 52% | 40% | 223% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 62 | 73 | 125 | 123 | 131 | 305 | 258 | 196 | 189 | 154 | 262 |
| Inventory Days | 212 | 386 | 123 | 52 | 191 | 239 | 337 | 302 | 269 | 272 | 509 | |
| Days Payable | 130 | 156 | 112 | 142 | 321 | 311 | 314 | 199 | 216 | 191 | 311 | |
| Cash Conversion Cycle | 158 | 292 | 85 | 35 | -8 | 58 | 328 | 361 | 249 | 271 | 353 | 262 |
| Working Capital Days | 13 | -36 | 5 | 65 | 51 | 29 | 83 | 117 | 124 | 104 | 57 | 74 |
| ROCE % | 17% | 29% | 70% | 58% | 35% | 40% | 14% | 8% | 19% | 15% | 14% | -6% |
Insights
In beta| Jul 2017 | Sep 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cumulative Projects Completed Count |
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| Number of Permanent Employees Count |
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| Unexecuted Order Book Rs. Crores |
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| Number of Projects in Hand Count |
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| Cumulative Works Executed Rs. Crores |
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| Number of States of Operation Count |
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| Bridges share of Order Book % of Order Book |
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| Marine share of Order Book % of Order Book |
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Documents
Announcements
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Clarification - Financial Results
- Exchange has sought clarification from RKEC Projects Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Updates
- RKEC Projects Limited has informed regarding 'RKEC Board Committees'.
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Updates
- RKEC Projects disclosed loan defaults of ₹55.90 crore principal and ₹7.52 crore interest as on 31 Jul 2026.
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Outcome of Board Meeting
- Board approved Q1 FY27 results; MMB terminated Radio Jetty project, invoking ₹29.87 crore guarantees.
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Outcome of Board Meeting
- Board approved FY26 audited results, appointed Jeevan Jyoti Volla as independent director, and named internal/cost auditors.
Annual reports
Concalls
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Jul 2021TranscriptPPT
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Jan 2021TranscriptAI SummaryPPT
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Jun 2019TranscriptPPT
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Jun 2018TranscriptPPT
Business Overview:[1]
RKECPL is engaged in civil construction work related to industrial projects, marine projects & bridges projects. The company is Super Special Class registered contractors with Ministry of Defence which gives unlimited tendering capability. It is also registered as Special Class - Civil Contractor for Roads & Bridges department, Government of Andhra Pradesh and Super Class civil contractor for Public Works Department, Government of Odisha.