RKEC Projects Ltd

RKEC Projects Ltd

₹ 91.0 -2.88%
19 Apr - close price
About

Incorporated in 2005, RKEC Projects Ltd is in the business of Civil and Defence Construction[1]

Key Points

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

  • Market Cap 218 Cr.
  • Current Price 91.0
  • High / Low 120 / 51.4
  • Stock P/E 15.1
  • Book Value 67.9
  • Dividend Yield 0.00 %
  • ROCE 18.9 %
  • ROE 11.9 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.43%
  • The company has delivered a poor sales growth of 4.59% over past five years.
  • Company has a low return on equity of 8.92% over last 3 years.
  • Promoters have pledged 59.9% of their holding.
  • Dividend payout has been low at 7.52% of profits over last 3 years
  • Company has high debtors of 196 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
53 86 35 46 28 99 31 72 98 99 38 45 117
43 73 28 40 23 94 27 71 80 79 30 40 97
Operating Profit 10 12 7 6 5 5 4 1 17 20 8 6 20
OPM % 18% 14% 20% 14% 17% 5% 13% 2% 18% 20% 21% 12% 17%
0 2 0 1 0 1 0 3 1 0 0 1 0
Interest 4 5 3 2 2 5 2 3 2 8 2 3 4
Depreciation 2 0 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 5 9 3 4 2 -0 1 0 14 11 4 1 14
Tax % 25% 18% 19% 25% 20% -1,720% 46% -37% 31% 99% 30% 28% 25%
3 7 3 3 1 -1 1 1 10 0 3 1 11
EPS in Rs 1.44 3.11 1.08 1.30 0.61 -0.38 0.30 0.26 4.16 0.03 1.17 0.37 4.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
97 79 57 71 113 197 240 244 298 202 209 300 300
94 70 48 61 100 169 201 201 229 171 184 246 246
Operating Profit 3 9 10 9 13 29 39 43 68 32 24 54 54
OPM % 3% 12% 17% 13% 12% 14% 16% 18% 23% 16% 12% 18% 18%
0 2 1 1 1 3 1 1 -11 3 2 -3 1
Interest 0 4 4 3 5 8 4 6 13 14 13 20 17
Depreciation 0 3 4 4 3 3 3 4 4 4 4 5 8
Profit before tax 3 4 2 3 5 20 33 35 41 17 9 27 30
Tax % 0% 34% 52% 36% 38% 36% 37% 30% 26% 27% 32% 55%
3 3 1 2 3 13 20 24 30 13 6 12 14
EPS in Rs 3.08 2.90 1.12 2.03 3.30 6.70 8.48 10.06 12.62 5.32 2.62 5.13 6.04
Dividend Payout % 0% 0% 0% 0% 0% 22% 24% 20% 0% 23% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 5%
3 Years: 0%
TTM: 0%
Compounded Profit Growth
10 Years: 20%
5 Years: -4%
3 Years: -25%
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 16%
1 Year: 44%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 9%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 19 24 24 24 24 24 24 24
Reserves 11 10 11 13 16 17 51 72 96 109 112 125 128
24 15 20 10 15 0 15 50 70 111 149 127 135
34 45 27 23 72 77 60 89 133 116 73 110 98
Total Liabilities 79 79 68 56 112 113 150 235 322 359 359 385 385
26 20 17 15 12 11 14 20 33 55 52 54 51
CWIP 0 0 0 0 0 0 0 10 23 0 0 9 10
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
53 59 51 41 100 102 135 205 267 304 307 322 324
Total Assets 79 79 68 56 112 113 150 235 322 359 359 385 385

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 4 2 -10 25 20 -24 7 39 -36 12 16
-8 1 0 -1 0 2 -4 -34 -37 4 -3 5
-0 -3 -2 -3 -6 -23 25 25 0 30 15 -41
Net Cash Flow 5 2 0 -13 19 -1 -2 -2 3 -2 25 -19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 104 149 117 77 62 73 125 123 131 305 258 196
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 104 -33 54 158 292 85 35 -8 58 328 361 249
Working Capital Days 12 -35 14 62 12 5 86 121 104 266 272 207
ROCE % 7% 20% 20% 17% 29% 70% 58% 35% 40% 14% 8% 19%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 69.73% 67.30% 67.30%
0.36% 0.08% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.65% 25.94% 25.94% 26.01% 26.02% 26.02% 26.03% 26.02% 26.02% 30.27% 32.70% 32.70%
No. of Shareholders 3,1695,9275,7225,8546,2196,1596,1466,0816,5576,99910,03612,278

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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