Patel Engineering

₹56 0.9 | 1.6%

WEBSITE BSE:531120 NSE : PATEL ENGG. 10 May, 16:01

Market Cap ₹4725 Cr.

Stock P/E 18.4

P/B 1.4

Current Price ₹56

Book Value ₹ 39.7

Face Value 1

52W High ₹79

Dividend Yield 0%

52W Low ₹ 24.2

Edit Ratio

Patel Engineering Research see more...

Recent project wins and increased government support should help Patel Engineering Limited

Overview Inc. Year: 1949Industry: Engineering - Construction

Patel Engineering was incorporated in 1949 by 4 young entrepreneurs, with an objective to cater to the infrastructural needs of a developing nation.The agency presents a extensive range of civil engineering offerings in layout and construction of power tasks, hydroelectric tasks, business constructing, business complexes, dams, tunnels, underground structures, metal and concrete structures, bridges, marine works, flyovers and national highways in India and abroad. It has worked on 75 dams, 30 hydro electric powered projects, 30 micro tunnelling initiatives and 130 km of tunnelling, etc. In 2010 the Company has received approval from the Central government for coal linkage for its thermal tasks. Also, Patel Engineering Ltd''s subsidiary provided with the most important Waterfront Development Project in Mauritius.

Patel Engineering Share Price

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Peer Comparison

Patel Engineering Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	724	878	1112	901	830	955	1298	1119	1021	1061
Other Income	16	29	41	35	29	26	28	18	25	15
Total Income	740	907	1153	936	859	981	1326	1136	1046	1076
Total Expenditure	602	732	957	767	712	814	1117	948	881	919
Operating Profit	138	175	196	169	147	166	209	188	165	157
Interest	104	106	104	99	104	105	106	88	92	89
Depreciation	20	21	21	19	20	21	24	22	23	23
Exceptional Income / Expenses	0	-13	-17	0	-1	-7	7	6	-1	37
Profit Before Tax	14	36	54	50	22	33	86	84	49	82
Provision for Tax	5	7	20	17	12	10	3	30	11	13
Profit After Tax	9	29	34	33	10	24	83	54	38	69
Adjustments	-2	-2	4	4	13	0	2	-11	-0	0
Profit After Adjustments	7	27	38	37	23	24	85	43	38	69
Adjusted Earnings Per Share	0.1	0.5	0.7	0.7	0.4	0.4	1.1	0.6	0.5	0.9

Patel Engineering Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3727	3169	2875	3327	3654	3934	2211	2556	1828	3397	4028	4499
Other Income	82	107	116	153	254	243	175	171	109	116	120	86
Total Income	3809	3276	2991	3479	3908	4177	2386	2727	1937	3514	4148	4584
Total Expenditure	3168	2710	2379	2910	3233	3403	1850	2371	1593	2870	3403	3865
Operating Profit	640	566	612	569	675	773	535	356	344	644	745	719
Interest	437	438	516	602	579	489	370	266	401	420	418	375
Depreciation	77	82	80	55	78	54	50	66	72	82	93	92
Exceptional Income / Expenses	0	0	15	-129	-89	-136	89	31	-214	-30	-1	49
Profit Before Tax	126	46	32	-216	-71	94	204	55	-344	112	233	301
Provision for Tax	52	21	22	-20	32	-11	44	23	-71	43	54	57
Profit After Tax	74	25	10	-196	-103	105	159	31	-273	69	179	244
Adjustments	-9	-8	-1	8	44	-7	-11	-24	-30	-7	-12	-9
Profit After Adjustments	65	16	8	-188	-59	98	148	7	-303	62	167	235
Adjusted Earnings Per Share	6.4	1.5	0.8	-16.9	-2.6	4.3	6.2	0.2	-5.9	1.2	2.2	3.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	16%	0%	1%
Operating Profit CAGR	16%	28%	-1%	2%
PAT CAGR	159%	79%	11%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	125%	65%	28%	1%
ROE Average	7%	-1%	1%	0%
ROCE Average	14%	9%	9%	9%

Patel Engineering Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1628	1793	1893	1713	2139	2160	2277	2547	2320	2384	2888
Minority's Interest	99	129	125	146	70	56	57	33	61	71	88
Borrowings	1398	1881	2368	2107	1599	1332	1305	919	753	761	535
Other Non-Current Liabilities	274	565	525	661	613	424	848	701	1244	1296	1240
Total Current Liabilities	3626	4240	4328	4862	5162	3522	3800	4011	3509	3803	3792
Total Liabilities	7023	8608	9239	9488	9582	7495	8286	8211	7887	8315	8544
Fixed Assets	715	674	658	622	629	556	578	607	683	1181	1294
Other Non-Current Assets	1254	2699	3139	2706	2829	2423	2820	2549	1996	1715	1735
Total Current Assets	5034	5206	5406	6121	6073	4460	4825	4964	5122	5358	5444
Total Assets	7023	8608	9239	9488	9582	7495	8286	8211	7887	8315	8544

Patel Engineering Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	335	343	184	149	62	60	132	124	113	195	261
Cash Flow from Operating Activities	-1	-362	-1	-48	567	403	836	407	389	514	693
Cash Flow from Investing Activities	-152	-377	-244	272	-222	245	-327	-47	7	-121	-217
Cash Flow from Financing Activities	177	614	229	-311	-343	-578	-513	-367	-311	-340	-536
Net Cash Inflow / Outflow	25	-125	-16	-86	2	70	-4	-7	85	54	-60
Closing Cash & Cash Equivalent	360	219	168	62	64	131	127	118	198	249	200

Patel Engineering Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	6.44	1.48	0.76	-16.9	-2.59	4.32	6.25	0.16	-5.92	1.18	2.16
CEPS(Rs)	15.02	9.67	8.05	-12.71	-1.09	7	8.82	2.17	-3.93	2.86	3.52
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	159.1	159.95	167.04	150.57	92.58	93.36	93.77	55.34	43.89	44.12	36.42
Core EBITDA Margin(%)	14.99	14.49	17.26	12.52	11.52	13.49	16.29	7.25	12.84	15.53	15.51
EBIT Margin(%)	15.1	15.27	19.05	11.58	13.9	14.82	25.97	12.56	3.15	15.65	16.17
Pre Tax Margin(%)	3.38	1.45	1.1	-6.51	-1.95	2.38	9.22	2.14	-18.81	3.3	5.78
PAT Margin (%)	1.99	0.78	0.34	-5.9	-2.82	2.66	7.21	1.22	-14.93	2.03	4.44
Cash Profit Margin (%)	4.07	3.37	3.11	-4.25	-0.68	4.04	9.48	3.81	-10.99	4.44	6.76
ROA(%)	1.12	0.32	0.11	-2.1	-1.08	1.23	2.02	0.38	-3.39	0.85	2.12
ROE(%)	4.71	1.47	0.53	-11.12	-5.45	4.92	7.33	1.32	-11.55	3.02	6.96
ROCE(%)	11.89	8.55	8.26	5.47	7.18	9.59	11.53	6.58	1.24	11.69	14.23
Receivable days	101.36	91.12	70.28	59.35	38.32	22.94	38.87	39.78	75.99	53.48	49.54
Inventory Days	213.22	333.86	462.27	475.63	477.23	371.88	553.8	507.86	718.46	387.88	332.33
Payable days	-909.71	-640.26	-586.51	-428.53	-1370.7	215.1	-2672.4	-8218.14	-2823.09	0	-3009.15
PER(x)	6.13	27.57	69.33	0	0	9.65	2.82	51.04	0	19.02	6.94
Price/Book(x)	0.25	0.26	0.32	0.26	0.59	0.45	0.19	0.15	0.24	0.51	0.41
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.95	1.5	1.95	1.73	1.68	0.95	1.35	1	1.43	0.94	0.67
EV/Core EBITDA(x)	5.52	8.38	9.14	10.11	9.12	4.82	5.59	7.15	7.61	4.94	3.62
Net Sales Growth(%)	-4.98	-14.97	-9.26	15.69	9.85	7.66	-43.81	15.63	-28.48	85.85	18.55
EBIT Growth(%)	21.5	-14.03	13.23	-29.69	31.91	14.73	-1.5	-44.1	-82.06	823.16	22.49
PAT Growth(%)	5.76	-66.7	-60.87	-2128.25	47.56	201.85	52.13	-80.36	-971.89	125.24	159.6
EPS Growth(%)	-2.38	-76.94	-48.64	-2316.37	84.7	267.12	44.61	-97.43	-3788.29	119.97	82.81
Debt/Equity(x)	2.16	2.54	2.78	3.23	2.37	1.37	1.21	0.93	1.01	0.97	0.62
Current Ratio(x)	1.39	1.23	1.25	1.26	1.18	1.27	1.27	1.24	1.46	1.41	1.44
Quick Ratio(x)	0.7	0.45	0.33	0.29	0.24	0.37	0.34	0.35	0.43	0.46	0.45
Interest Cover(x)	1.29	1.11	1.06	0.64	0.88	1.19	1.55	1.21	0.14	1.27	1.56
Total Debt/Mcap(x)	8.72	9.92	8.79	12.65	4.03	3.07	6.45	6.25	4.14	1.91	1.51

Patel Engineering Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.62	54.62	54.62	43.48	39.12	39.41	39.41	39.41	39.41	39.41
FII	0.51	0.39	0.37	2.98	2.92	2.1	2.38	2.36	2.83	3.37
DII	15.02	15.02	15.02	13.96	13.96	9.2	9.25	6.25	5.59	4.49
Public	29.85	29.98	29.99	39.58	44.01	49.29	48.95	51.97	52.16	52.72
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	26.17	26.17	26.17	22.42	20.17	30.49	30.49	30.49	30.49	30.49
FII	0.25	0.18	0.18	1.54	1.5	1.62	1.84	1.83	2.19	2.6
DII	7.2	7.2	7.2	7.2	7.2	7.12	7.16	4.84	4.33	3.48
Public	14.3	14.37	14.37	20.41	22.7	38.13	37.87	40.2	40.35	40.79
Others	0	0	0	0	0	0	0	0	0	0
Total	47.92	47.92	47.92	51.57	51.57	77.36	77.36	77.36	77.36	77.36

Pros

Debtor days have improved from 0 to -3009.15days.
Company has reduced debt.

Cons

Promoter holding is low: 39.41%.
Company has a low return on equity of -1% over the last 3 years.

* 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.

Patel Engineering News

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Patel Engineering

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Patel Engineering Research see more...

Overview Inc. Year: 1949Industry: Engineering - Construction

Patel Engineering Share Price

Alert Data

Quarterly Price

Peer Comparison

Patel Engineering Quarterly Results

Patel Engineering Profit & Loss

Growth Rates

Patel Engineering Balance Sheet

Patel Engineering Cash Flow

Patel Engineering Ratios

Patel Engineering Shareholding Pattern

Patel Engineering News

IPO

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