RKEC Projects Ltd
Incorporated in 2005, RKEC Projects Ltd is in the business of Civil and Defence Construction[1]
- Market Cap ₹ 222 Cr.
- Current Price ₹ 92.6
- High / Low ₹ 120 / 51.4
- Stock P/E 15.3
- 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.
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 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: | 8% |
3 Years: | 17% |
1 Year: | 32% |
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% |
Documents
Announcements
Annual reports
Concalls
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Jul 2021TranscriptPPT
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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