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Patel Engineering Ltd

PATELENG

Patel Engineering Ltd

PATELENG
IndustrialsConstruction & Engineering
SmallcapWith a market cap of ₹4,574 cr, stock is ranked 813
High RiskStock is 3.69x as volatile as Nifty
56.673.51% (+1.92)
56.673.51% (+1.92)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsConstruction & Engineering
SmallcapWith a market cap of ₹4,574 cr, stock is ranked 813
High RiskStock is 3.69x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

IndustrialsConstruction & Engineering
SmallcapWith a market cap of ₹4,574 cr, stock is ranked 813
High RiskStock is 3.69x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
14.261.45—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Patel Engineering Ltd. is an infrastructure and construction services company in India. The Company is engaged in civil construction business.

Investor Presentation

View older 

Nov 13, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12.59%, vs industry avg of 8.84%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.84% to 0.99%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 13.49%, vs industry avg of 27.25%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,193.714,137.962,590.362,627.192,822.942,160.023,496.524,132.224,752.594,888.10
Raw Materialssubtract9.299.830.002.296.600.000.000.000.003,984.42
Power & Fuel Costsubtract31.4248.4947.9659.8673.3249.1359.740.000.00
Employee Costsubtract137.55149.74150.97167.63194.35201.33266.52326.03354.04
Selling & Administrative Expensessubtract88.6689.3181.8280.1281.3560.7391.68109.00132.19
Operating & Other expensessubtract3,486.613,254.431,672.391,692.912,080.151,719.232,465.132,986.393,413.52
Depreciation/Amortizationsubtract54.9878.0454.2750.2066.1872.0381.9080.9097.61101.78
Interest & Other Itemssubtract601.61579.21489.42370.27266.27401.39419.53412.22362.09345.42
Taxes & Other Itemssubtract-20.2231.79-11.2749.7643.59-53.0639.9234.18102.91135.57
EPS-17.66-6.084.626.630.32-6.061.392.823.754.15
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 23PDF
Feb 9PDF
FY 2023

Annual report

PDF

Investor Presentation

Nov 11PDF
Aug 8PDF
Aug 8PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 13PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsConstruction & Engineering

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Patel Engineering Ltd15.761.45—
Larsen and Toubro Ltd39.915.080.90%
GMR Airports Ltd-158.38-104.06—
IRB Infrastructure Developers Ltd56.262.480.53%

Price Comparison

Compare PATELENG with any stock or ETF
Compare PATELENG with any stock or ETF
PATELENG
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 3.30%

High Pledged Promoter Holding

Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 5.80%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding36.11%0.45%4.00%3.09%56.36%

Mar 2024

Apr 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarAprJunSep2.36%2.83%3.37%8.47%3.69%3.09%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has decreased by 1.33%

Top 5 Mutual Funds holding Patel Engineering Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.1332%0.35%-0.06%213/310 (-4)
JM Small Cap Fund - Direct Plan - Growth

Growth
0.0673%0.51%-0.52%39/91 (-15)
Groww Nifty Total Market Index Fund - Growth - Direct Plan

Growth
0.0007%0.01%-0.00%738/801 (+23)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

PATELENG has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateOct 1, 2012

Final
Final | Div/Share: ₹0.30

Dividend/Share

₹0.30

Ex DateEx Date

Oct 1, 2012

Cash Dividend

Ex DateEx DateOct 7, 2011

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Oct 7, 2011

News & Opinions
Spotlight
Patel Engg incorporates subsidiary in Nepal

The company has incorporated PNPL to operate construction business including infrastructure projects viz building, roads, bridges, hydropower, water supply etc. The company will subscribe to 2,00,000 (100%) equity shares of NPR Rs 100 each of PNPL. Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works. On a consolidated basis, the company's net profit surged 150.87% to Rs 80.77 crore on 14.98% increase in total revenue from operations to Rs 1174.32 crore in Q2 September 2024 over Q2 September 2023. The counter shed 0.26% to settle at Rs 53.20 on Friday, 29 November 2024.Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
Patel Engineering announces change in senior management

Patel Engineering has appointed Rahul Agarwal, currently Acting Chief Financial Officer as Chief Financial Officer (KMP/SMP) of the Company with effect from 13 November 2024.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Patel Engineering consolidated net profit rises 93.95% in the September 2024 quarter

Net profit of Patel Engineering rose 93.95% to Rs 73.04 crore in the quarter ended September 2024 as against Rs 37.66 crore during the previous quarter ended September 2023. Sales rose 14.98% to Rs 1174.33 crore in the quarter ended September 2024 as against Rs 1021.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1174.331021.31 15 OPM %13.8113.71 - PBDT139.5573.18 91 PBT115.8349.74 133 NP73.0437.66 94 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Patel Engg climbs after Q2 PAT soars 151% YoY

On a consolidated basis, the company's net profit surged 150.87% to Rs 80.77 crore on 14.98% increase in total revenue from operations to Rs 1174.32 crore in Q2 September 2024 over Q2 September 2023. Profit before Tax soared 105.93% year-on-year to Rs 101.07 crore during the quarter. Operating EBITDA jumped 15.80% YoY to Rs 162.20 crore in Q2 September 2024. Operating EBITDA margin stood at 13.81% in Q2FY25, higher than 13.71% in Q2FY24. The quarter saw significant project progress across key sectors such as hydropower, irrigation and tunneling. The company's order book as on 30 September 2024 stood at 17,260.70 crore. As of 30 September 2024, the consolidated gross debt stood at Rs 1437.70 crore compared to Rs 1885.50 crore as on 31 March 2024. Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Patel Engineering to hold board meeting

Patel Engineering will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Patel Engineering wins bid for NHPC hydro power project in Sikkim

NHPC has declared Patel Engineering (PEL) as L1 for a Rs. 240.02 crore contract for the works involving modification of diversion tunnel into tunnel spillway arrangement - Civil & Hydro Mechanical works for Package 6 - TEESTA-V POWER STATION, SIKKIM. The project is to be completed in a period of 18 months. The said project is located in the South District of Sikkim State. The scope of work involves Construction of the civil works of the tunnel spillway including construction adit, gate operation chamber and gate shaft, precast bridge, excess road, energy dissipation arrangement of tunnel spillway, dyke and tunnel for environment flow and it's Gate Operation Chamber (GOC). The Company has vast experience working in North Eastern States. Currently, PEL is working on NHPC - TEESTA VI HEP (Lot-2), which is located near Singtam town - Sikkim, about 30km from the proposed project site. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Patel Engg gains on emerging as L-1 bidder for Rs 240-cr project

The contract involves modification of diversion tunnel into tunnel spillway arrangement ' civil & hydro mechanical works for Package 6 - Teesta-V powerstation in Sikkim and it is to be completed within 18 months. The scope of work involves construction of the civil works of the tunnel spillway including construction adit, gate operation chamber and gate shaft, precast bridge, excess road, energy dissipation arrangement of tunnel spillway, dyke and tunnel for environment flow and its gate operation chamber. Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects. The company's consolidated net profit rose 37.51% to Rs 53.49 crore despite a 1.52% fall in sales to Rs 1,101.66 crore in Q1 FY25 as compared to Q1 FY24. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Patel Engineering announces cessation of director

Patel Engineering announced that Kuppusubramanian Ramasubramanian (DIN: 01623890), has completed his second and final term as an Independent Director and consequently ceased to be a Director of the Company w.e.f the close of business hours on 19 September 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Live Market Update
Broader mkt outperforms; realty shares in demand

The headline equity benchmarks continued to trade with moderate gains in mid-morning trade. The Nifty traded above the 25,200 level. Realty shares advanced after declining in past two consecutive trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex gained 265.51 points or 0.31% to 82,395.62. The Nifty 50 index added 81.15 points or 0.32% to 25,233.10. The Sensex and Nifty clocked an all-time high of 82,637.03 and 25,258.80, respectively in early trade. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.66% and the S&P BSE Small-Cap index gained 0.56%. The S&P BSE Mid-Cap index hit an all-time high at 49,172.41. The market breadth was strong. On the BSE, 2,245 shares rose and 1,487 shares fell. A total of 144 shares were unchanged. IPO update : The initial public offer (IPO) of Baazar Style Retail received 27,32,808 bids for shares as against 1,50,30,116 shares on offer, according to stock exchange data at 11:15 IST on Friday (30 August 2024). The issue was subscribed 0.18 times. The issue opened for bidding on 30 August 2024 and it will close on 3 September 2024. The price band of the IPO was fixed between Rs 370 to 389 per share. An investor can bid for a minimum of 38 equity shares and in multiples thereof. The initial public offer (IPO) of Ecos (India) Mobility & Hospitality received 17,74,90,280 bids for shares as against 1,26,00,000 shares on offer, according to stock exchange data at 11:15 IST on Thursday (29 August 2024). The issue was subscribed 14.09 times. The issue opened for bidding on 28 August 2024 and it will close on 30 August 2024. The price band of the IPO was fixed between Rs 318 to 334 per share. An investor can bid for a minimum of 44 equity shares and in multiples thereof. Buzzing Index : The Nifty Realty index gained 1.33% to 1,048.30. The index shed 0.34% in past two consecutive trading sessions. Prestige Estates Projects (up 5.5%), Oberoi Realty (up 2.74%), DLF (up 1.13%), Sunteck Realty (up 0.76%), Godrej Properties (up 0.57%), Sobha (up 0.37%), Brigade Enterprises (up 0.31%), Macrotech Developers (up 0.22%) advanced. On the other hand, Mahindra Lifespace Developers (down 1.43%) and Phoenix Mills (down 0.41%) edged lower. Stocks in Spotlight : Patel Engineering jumped 6.23% after the company announced that it has signed a memorandum of understanding (MOU) with Rail Vikas Nigam (RVN) for collaborating on domestic and global projects. Garden Reach Shipbuilders & Engineers (GRSE) rallied 5.87% after the firm signed a memorandum of understanding (MOU) with the National Highway Infrastructure Development Corporation (NHIDCL) to supply modular steel & Bailey bridges. Lemon Tree Hotels added 0.45%. The company announced that it has signed a license agreement for hotel viz Lemon Tree Hotels, Ayodhya, Uttar Pradesh. The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. Global Markets : Asian stocks advanced on Friday, buoyed by the expectation that the Federal Reserve will soon lower interest rates. The upcoming release of the U.S. core personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, and a reading on euro zone inflation are eagerly awaited. These data points will likely provide further insights into the rate outlook for major economies. U.S. stocks closed higher on Thursday, despite a late-afternoon sell-off. The Dow Jones Industrial Average reached another record high as investors anticipated the release of the PCE inflation data. The Dow Jones Industrial Average rose 0.59%, the S&P 500 remained relatively unchanged at 5,591.96, and the Nasdaq Composite declined by 0.23%. The U.S. economy saw stronger growth in Q2 than initially reported, driven by robust consumer spending and corporate profit rebounds. GDP increased by 3.0% in the last quarter, an upward revision from 2.8%. Consumer spending rose 2.9% annual rate last quarter, and corporate profits surged by $57.6 billion, supporting economic expansion. Additionally, the number of Americans filing for unemployment benefits declined by 2,000 to 231,000 for the week of Aug. 24, the Labor Department reported Thursday (August 29). Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Patel Engineering soars after partnering with RVNL for infrastructure projects

The MOU marks the beginning of a strategic partnership, aimed at jointly executing projects in the field of hydro and other infrastructure projects both within India and internationally,' the company said. It further added that the agreement outlines a framework for collaboration between the company and RVNL to leverage each other's strengths and capabilities in pursuing hydro and other infrastructure projects. Under this MOU, both parties will explore opportunities to work together in various capacities. Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects. The company's consolidated net profit rose 37.51% to Rs 53.49 crore despite a 1.52% fall in sales to Rs 1101.66 crore in Q1 FY25 as compared to Q1 FY24. Powered by Capital Market - Live

3 months agoCapital Market - Live