RKEC Projects

₹89.6 0.6 | 0.7%

WEBSITE BSE:0 NSE : 18 May, 12:41

Market Cap ₹215 Cr.

Stock P/E 14.7

P/B 1.3

Current Price ₹89.6

Book Value ₹ 68

Face Value 10

52W High ₹120.5

Dividend Yield 0%

52W Low ₹ 51.5

Edit Ratio

RKEC Projects Research see more...

Overview Inc. Year: 2005Industry: Engineering - Construction

RKEC Projects Limited (RKEC) is an engineering construction company that specializes in civil and defence construction. Founded in 1985, it is based out of Visakhapatnam. 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. The company’s main business is to construct buildings, highways, marine works, and bridges for various sectors such as steel, cement, glass, petrochemicals, and power. The company’s promoters are Radhakrishna Garapati and Kalyani Garapati, who hold 59.92% of the shareholding.

RKEC Projects Share Price

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Peer Comparison

RKEC Projects 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	47	28	100	46	72	115	67	39	57	106
Other Income	1	0	1	0	3	1	0	0	1	0
Total Income	48	29	101	47	75	115	68	39	58	106
Total Expenditure	41	24	94	42	71	97	48	30	51	86
Operating Profit	7	5	7	4	4	18	20	8	7	21
Interest	2	2	5	2	3	2	8	2	3	4
Depreciation	1	1	1	1	1	1	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	4	2	1	1	1	14	11	4	1	14
Provision for Tax	1	0	1	1	-0	4	11	1	0	3
Profit After Tax	3	1	-0	1	1	11	0	3	1	11
Adjustments	0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	3	1	-0	1	1	11	0	3	1	11
Adjusted Earnings Per Share	1.3	0.6	-0	0.3	0.3	4.4	0.1	1.2	0.4	4.5

RKEC Projects Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	197	240	226	304	208	211	300	269
Other Income	3	1	1	3	3	3	4	1
Total Income	200	241	227	307	211	213	304	271
Total Expenditure	169	201	182	234	173	180	245	215
Operating Profit	31	40	46	73	38	33	59	56
Interest	8	4	10	16	17	19	27	17
Depreciation	3	3	4	4	4	4	5	8
Exceptional Income / Expenses	0	0	0	-13	0	0	0	0
Profit Before Tax	20	33	32	39	17	10	27	30
Provision for Tax	7	12	10	11	5	3	15	15
Profit After Tax	13	20	22	29	13	7	12	15
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	13	20	22	29	13	7	12	15
Adjusted Earnings Per Share	0	8.5	9.4	11.9	5.3	3	5.2	6.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	42%	-0%	5%	0%
Operating Profit CAGR	79%	-7%	8%	0%
PAT CAGR	71%	-25%	-10%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	38%	13%	9%	NA%
ROE Average	9%	8%	16%	21%
ROCE Average	20%	16%	23%	36%

RKEC Projects Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	36	75	94	117	130	137	149
Minority's Interest	0	0	0	0	0	0	0
Borrowings	0	1	2	4	6	49	43
Other Non-Current Liabilities	-0	-1	-0	-1	-0	0	1
Total Current Liabilities	76	74	163	210	241	180	247
Total Liabilities	112	149	259	330	376	366	440
Fixed Assets	11	14	20	33	55	52	54
Other Non-Current Assets	0	0	10	23	0	0	9
Total Current Assets	102	135	229	275	321	314	377
Total Assets	112	149	259	330	376	366	440

RKEC Projects Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	5	2	1	4	1	26
Cash Flow from Operating Activities	19	-24	8	40	-37	12	16
Cash Flow from Investing Activities	2	-4	-34	-37	3	-2	5
Cash Flow from Financing Activities	-23	25	24	0	30	15	-41
Net Cash Inflow / Outflow	-1	-2	-2	4	-3	25	-19
Closing Cash & Cash Equivalent	5	2	1	4	1	26	7

RKEC Projects Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	8.48	9.35	11.94	5.32	2.97	5.18
CEPS(Rs)	8.11	9.77	10.82	13.67	6.98	4.6	7.18
DPS(Rs)	1.5	2	2	0	1.2	0	0
Book NAV/Share(Rs)	0	31.15	39.3	48.67	53.99	57.15	61.98
Core EBITDA Margin(%)	14.47	16.17	19.58	22.91	16.83	14.35	18.42
EBIT Margin(%)	14.54	15.32	18.6	18.13	16.58	13.79	18.06
Pre Tax Margin(%)	10.27	13.57	14.29	12.89	8.4	4.79	9.02
PAT Margin (%)	6.55	8.49	9.94	9.42	6.14	3.38	4.08
Cash Profit Margin (%)	7.94	9.78	11.5	10.79	8.06	5.23	5.74
ROA(%)	11.49	15.54	10.99	9.73	3.61	1.92	3.04
ROE(%)	35.69	36.69	26.55	27.15	10.36	5.34	8.58
ROCE(%)	78.15	57.88	35.89	33.39	16.17	11.21	19.97
Receivable days	73.14	92.54	131.42	99.18	199.67	251.82	189.72
Inventory Days	59.03	36.15	65.82	94.33	163.18	146.4	118.83
Payable days	53.29	65.03	166.13	154.81	213.81	70.26	34.88
PER(x)	0	15.21	6.07	2.89	11.32	16.29	9.56
Price/Book(x)	0	4.14	1.44	0.71	1.11	0.85	0.8
Dividend Yield(%)	0	1.55	3.52	0	1.99	0	0
EV/Net Sales(x)	-0.01	1.28	0.67	0.35	1.04	0.91	0.69
EV/Core EBITDA(x)	-0.09	7.7	3.35	1.47	5.64	5.8	3.5
Net Sales Growth(%)	0	21.54	-5.82	34.65	-31.62	1.37	42.53
EBIT Growth(%)	0	28.05	14.36	31.26	-37.48	-15.7	86.71
PAT Growth(%)	0	57.47	10.21	27.72	-55.45	-44.22	72.19
EPS Growth(%)	0	0	10.21	27.72	-55.45	-44.22	74.56
Debt/Equity(x)	0.01	0.21	0.53	0.6	0.85	1.03	0.78
Current Ratio(x)	1.33	1.82	1.4	1.31	1.33	1.74	1.52
Quick Ratio(x)	0.91	1.61	1	0.87	0.94	1.33	1.03
Interest Cover(x)	3.4	8.78	4.32	3.46	2.03	1.53	2
Total Debt/Mcap(x)	0	0.05	0.36	0.84	0.77	1.22	0.98

RKEC Projects Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.98	73.98	73.98	73.98	73.98	73.98	73.98	69.73	67.3	67.3
FII	0.08	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	25.94	26.02	26.02	26.02	26.02	26.02	26.02	30.27	32.7	32.7
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	1.77	1.77	1.77	1.77	1.77	1.77	1.77	1.67	1.61	1.61
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.73	0.78	0.78
Others	0	0	0	0	0	0	0	0	0	0
Total	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4

Pros

Debtor days have improved from 70.26 to 34.88days.
Company has reduced debt.

Cons

Company has a low return on equity of 8% over the last 3 years.
The company has delivered a poor profit growth of -9% over past five 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.

RKEC Projects News

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RKEC Projects

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RKEC Projects Research see more...

Overview Inc. Year: 2005Industry: Engineering - Construction

RKEC Projects Share Price

Alert Data

Quarterly Price

Peer Comparison

RKEC Projects Quarterly Results

RKEC Projects Profit & Loss

Growth Rates

RKEC Projects Balance Sheet

RKEC Projects Cash Flow

RKEC Projects Ratios

RKEC Projects Shareholding Pattern

RKEC Projects News

IPO

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