RKEC Projects Ltd

RKEC Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

RKEC Projects Ltd

₹ 45.8 -13.48%
08 Dec - close price
rkecprojects.com NSE: RKEC
About

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

Key Points

Business Overview:[1]
RKEC Projects Limited is a 39-year-old company in civil and defense construction, specializing in buildings, highways, marine works, and bridges. It has developed a strong reputation for delivering high-quality projects, including bridges, ports, dams, high-rise structures, airports, roads, oil and gas pipelines, and environmental structures.

Website NSE
  • Market Cap ₹ 118 Cr.
  • Current Price ₹ 45.8
  • High / Low ₹ 104 / 43.5
  • Stock P/E 7.37
  • Book Value ₹ 80.8
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 11.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.57 times its book value
  • Promoter holding has increased by 2.54% over last quarter.
  • Company's working capital requirements have reduced from 90.2 days to 53.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.9% over last 3 years.
  • Promoters have pledged or encumbered 70.6% of their holding.
  • Promoter holding has decreased over last 3 years: -7.17%

* 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

Industrials Construction Construction Civil Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
71.92 114.54 67.40 38.52 56.89 106.03 151.33 84.67 76.84 118.98 141.43 76.07 31.03
70.52 97.16 47.81 30.30 51.23 85.59 138.33 71.24 66.41 99.43 133.39 64.78 24.48
Operating Profit 1.40 17.38 19.59 8.22 5.66 20.44 13.00 13.43 10.43 19.55 8.04 11.29 6.55
OPM % 1.95% 15.17% 29.07% 21.34% 9.95% 19.28% 8.59% 15.86% 13.57% 16.43% 5.68% 14.84% 21.11%
2.86 0.55 0.31 0.14 0.90 0.09 2.48 0.17 0.69 0.50 5.51 0.50 1.51
Interest 2.56 2.34 7.50 2.37 3.20 4.30 4.71 4.15 4.29 6.28 4.75 4.94 3.45
Depreciation 1.09 1.27 1.58 1.99 2.00 2.06 2.06 2.14 2.04 2.39 2.29 2.28 2.35
Profit before tax 0.61 14.32 10.82 4.00 1.36 14.17 8.71 7.31 4.79 11.38 6.51 4.57 2.26
Tax % -11.48% 25.70% 97.97% 30.25% 27.94% 24.70% 36.74% 27.36% 21.50% 27.42% 58.22% 26.26% 24.34%
0.68 10.64 0.21 2.80 0.98 10.68 5.50 5.31 3.75 8.26 2.72 3.37 1.71
EPS in Rs 0.28 4.44 0.09 1.17 0.41 4.45 2.29 2.21 1.56 3.44 1.13 1.40 0.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
197 240 226 304 208 211 300 350 422 368
169 201 184 238 176 186 246 302 369 322
Operating Profit 29 39 41 66 32 25 54 49 53 45
OPM % 14% 16% 18% 22% 15% 12% 18% 14% 13% 12%
3 1 1 -10 3 3 -2 4 7 8
Interest 8 4 7 13 14 14 20 16 21 19
Depreciation 3 3 4 4 4 4 5 8 9 9
Profit before tax 20 33 32 39 17 10 27 28 30 25
Tax % 36% 37% 30% 27% 27% 29% 54% 29% 33%
13 20 22 29 13 7 12 20 20 16
EPS in Rs 6.70 8.48 9.35 11.94 5.32 2.97 5.18 8.32 8.35 6.63
Dividend Payout % 22% 24% 21% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 26%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: -12%
3 Years: 41%
TTM: -36%
Stock Price CAGR
10 Years: %
5 Years: 5%
3 Years: 0%
1 Year: -54%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 12%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 19 24 24 24 24 24 24 24 24 26
Reserves 17 51 70 93 106 113 125 145 165 183
0 15 50 70 111 149 116 150 212 190
77 60 116 145 138 81 175 147 180 182
Total Liabilities 113 150 260 332 378 367 440 466 581 580
11 14 20 33 55 52 54 53 103 98
CWIP 0 0 10 23 0 0 9 28 7 7
Investments 0 0 0 0 0 0 0 0 0 0
102 136 230 276 323 315 377 385 471 474
Total Assets 113 150 260 332 378 367 440 466 581 580

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
20 -24 8 40 -37 12 16 24 4
2 -4 -34 -37 3 -2 5 -31 -44
-23 25 24 0 30 15 -41 13 37
Net Cash Flow -1 -2 -2 4 -3 25 -19 6 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 73 125 130 102 251 256 200 183 146
Inventory Days 123 54 368 297 446 311 353 318 568
Days Payable 112 144 426 315 343 208 222 204 331
Cash Conversion Cycle 85 34 72 84 354 359 331 296 382
Working Capital Days 5 65 53 23 75 117 123 93 54
ROCE % 58% 33% 39% 15% 9% 19% 15% 14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
73.98% 73.98% 73.98% 69.73% 67.30% 67.30% 67.30% 66.12% 64.27% 64.27% 64.27% 66.80%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.10% 0.30% 0.18% 0.11%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.19% 0.00% 0.00% 0.00%
26.03% 26.02% 26.02% 30.27% 32.70% 32.70% 32.70% 33.57% 35.44% 35.43% 35.55% 33.09%
No. of Shareholders 6,1466,0816,5576,99910,03612,27811,91712,08013,29713,01812,67112,858

* 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.

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