RKEC Projects Ltd
Incorporated in 2005, RKEC Projects Ltd is in the business of Civil and Defence Construction[1]
- Market Cap ₹ 310 Cr.
- Current Price ₹ 129
- High / Low ₹ 148 / 58.5
- Stock P/E 15.6
- Book Value ₹ 70.2
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 12.5 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 21.5% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.90% over last 3 years.
- Promoters have pledged 59.9% of their holding.
- Company has high debtors of 188 days.
- Promoter holding has decreased over last 3 years: -6.68%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 57 | 71 | 113 | 197 | 240 | 244 | 298 | 202 | 209 | 300 | 341 | |
70 | 48 | 61 | 100 | 169 | 201 | 201 | 229 | 171 | 184 | 246 | 294 | |
Operating Profit | 9 | 10 | 9 | 13 | 29 | 39 | 43 | 68 | 32 | 24 | 54 | 47 |
OPM % | 12% | 17% | 13% | 12% | 14% | 16% | 18% | 23% | 16% | 12% | 18% | 14% |
2 | 1 | 1 | 1 | 3 | 1 | 1 | -11 | 3 | 2 | -3 | 4 | |
Interest | 4 | 4 | 3 | 5 | 8 | 4 | 6 | 13 | 14 | 13 | 20 | 15 |
Depreciation | 3 | 4 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 8 |
Profit before tax | 4 | 2 | 3 | 5 | 20 | 33 | 35 | 41 | 17 | 9 | 27 | 28 |
Tax % | 34% | 52% | 36% | 38% | 36% | 37% | 30% | 26% | 27% | 32% | 55% | 29% |
3 | 1 | 2 | 3 | 13 | 20 | 24 | 30 | 13 | 6 | 12 | 20 | |
EPS in Rs | 2.90 | 1.12 | 2.03 | 3.30 | 6.70 | 8.48 | 10.06 | 12.62 | 5.32 | 2.62 | 5.13 | 8.28 |
Dividend Payout % | -0% | -0% | -0% | -0% | 22% | 24% | 20% | -0% | 23% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 7% |
3 Years: | 19% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | -4% |
3 Years: | 16% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 11% |
1 Year: | 119% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 14% |
3 Years: | 10% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 19 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 10 | 11 | 13 | 16 | 17 | 51 | 72 | 96 | 109 | 112 | 125 | 144 |
15 | 20 | 10 | 15 | 0 | 15 | 50 | 70 | 111 | 149 | 127 | 139 | |
45 | 27 | 23 | 72 | 77 | 60 | 89 | 133 | 116 | 73 | 110 | 123 | |
Total Liabilities | 79 | 68 | 56 | 112 | 113 | 150 | 235 | 322 | 359 | 359 | 385 | 430 |
20 | 17 | 15 | 12 | 11 | 14 | 20 | 33 | 55 | 52 | 54 | 53 | |
CWIP | -0 | -0 | -0 | -0 | -0 | -0 | 10 | 23 | 0 | 0 | 9 | 28 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 | -0 | -0 |
59 | 51 | 41 | 100 | 102 | 135 | 205 | 267 | 304 | 307 | 322 | 349 | |
Total Assets | 79 | 68 | 56 | 112 | 113 | 150 | 235 | 322 | 359 | 359 | 385 | 430 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 2 | -10 | 25 | 20 | -24 | 7 | 39 | -36 | 12 | 16 | 17 | |
1 | 0 | -1 | 0 | 2 | -4 | -34 | -37 | 4 | -3 | 5 | -31 | |
-3 | -2 | -3 | -6 | -23 | 25 | 25 | 0 | 30 | 15 | -41 | 13 | |
Net Cash Flow | 2 | 0 | -13 | 19 | -1 | -2 | -2 | 3 | -2 | 25 | -19 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 149 | 117 | 77 | 62 | 73 | 125 | 123 | 131 | 305 | 258 | 196 | 188 |
Inventory Days | 58 | 226 | 212 | 386 | 123 | 52 | 191 | 239 | 337 | 302 | 269 | |
Days Payable | 240 | 288 | 130 | 156 | 112 | 142 | 321 | 311 | 314 | 199 | 216 | |
Cash Conversion Cycle | -33 | 54 | 158 | 292 | 85 | 35 | -8 | 58 | 328 | 361 | 249 | 188 |
Working Capital Days | -35 | 14 | 62 | 12 | 5 | 86 | 121 | 104 | 266 | 272 | 207 | 209 |
ROCE % | 20% | 20% | 17% | 29% | 70% | 58% | 35% | 40% | 14% | 8% | 19% | 15% |
Documents
Announcements
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Reply to Clarification- Financial results
7 December 2020 - Exchange had sought clarification from RKEC Projects Limited for the quarter ended 30-Sep-2020 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Clarification - Financial Results
24 November 2020 - Exchange has sought clarification from RKEC Projects Limited for the quarter ended 30-Sep-2020 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Press Release
17 November 2020 - RKEC Projects Limited has informed regarding a press release dated November 17, 2020, titled "Unaudited Financial Results for the half year ended 30 Sep 2020".
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Financial Result Updates
11 November 2020 - RKEC Projects Limited has submitted to the Exchange, the financial results for the period ended September 30, 2020.
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Outcome of Board Meeting
11 November 2020 - RKEC Projects Limited has informed regarding Board meeting held on November 11, 2020.
Annual reports
Concalls
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Jul 2021TranscriptPPT
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Jan 2021TranscriptNotesPPT
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Jun 2019TranscriptPPT
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Jun 2018TranscriptPPT
Business Overview:[1][2]
RKEC is a construction company specializing in civil and defence construction viz. construction of
Buildings, Highways, Marine Works, and bridges. It is registered as Super Special Class contractors with the Ministry of Defence for designing and executing Marine Works onshore and infrastructure
projects. 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, Govt. of Odisha