Is Pratham EPC Projects Ltd (PRATHAM) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pratham EPC Projects Ltd is a average quality company .

Is Pratham EPC Projects Ltd (PRATHAM) undervalued or overvalued?

The key valuation ratios of Pratham EPC Projects Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Pratham EPC Projects Ltd (PRATHAM) share price return in the past 10 years?

Data is not available for this company

Is Pratham EPC Projects Ltd (PRATHAM) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pratham EPC Projects Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Pratham EPC Projects Ltd (PRATHAM)?

Company share prices are keep on changing according to the market conditions. The current trading price of Pratham EPC Projects Ltd (PRATHAM) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the market cap of Pratham EPC Projects Ltd (PRATHAM)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 at 05:30, the market cap of Pratham EPC Projects stood at Rs. 251.15 Cr.

What is the P/E ratio of Pratham EPC Projects?

The latest standalone P/E ratio of Pratham EPC Projects as of 01-Jan-1970 is 18.56.

What is the P/B ratio of Pratham EPC Projects Ltd (PRATHAM)?

The latest standalone P/B ratio of Pratham EPC Projects Ltd (PRATHAM) as of 01-Jan-1970 is 2.99.

What is the 52-week high and low of Pratham EPC Projects Ltd (PRATHAM)?

The 52-week high of Pratham EPC Projects Ltd (PRATHAM) is Rs. 0.00 and the 52-week low is Rs. 0.00.

What is the TTM revenue of Pratham EPC Projects Ltd (PRATHAM)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pratham EPC Projects is Rs. 117.78 (Cr.).

Pratham EPC Projects Ltd (PRATHAM) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Pratham EPC Projects Ltd (PRATHAM)
Brand: Pratham EPC Projects

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	26.9%	61.5%	48.9%	32.6%	26%	-
Value Creation Index ⓘ	0.9	3.4	2.5	1.3	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	30.6	50.5	50.2	68.8	118	118
Sales YoY Gr.	-	65%	-0.5%	37.1%	71.1%	-
Adj EPS ⓘ	0.9	3.4	5.9	5.6	7.7	7.4
YoY Gr.	-	277.8%	72.4%	-5.1%	37.6%	-
BVPS (₹) ⓘ	4.6	8	13.9	34.3	41.9	46.1
Adj Net Profit ⓘ	1.2	4.4	7.6	9.9	13.6	14
Cash Flow from Ops. ⓘ	3	10.4	-7.1	-9	-15.5	-
Debt/CF from Ops. ⓘ	0.7	0.2	-2	-0.4	-0.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	32.6%	71.1%
Adj EPS ⓘ	NA	NA	31%	37.6%
BVPSⓘ	NA	NA	73.8%	22.2%
Share Price	-	-	-	-26.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	19.6	54.2	53.6	25	20.1	16.9
Op. Profit Mgn % ⓘ	8.2	13.7	20.8	21	15	NAN
Net Profit Mgn % ⓘ	3.8	8.7	15.1	14.3	11.5	11.5
Debt to Equity ⓘ	0.3	0.2	0.8	0.1	0.2	-
Working Cap Days ⓘ	0	96	149	204	207	0
Cash Conv. Cycle ⓘ	0	-29	1	101	137	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.64%

Net Profit is growing at healthy rate in last 3 years 31.04%

Return on Equity has declined versus last 3 years average to 16.90%

Sales growth is not so good in last 4 quarters at 0.00%

	Standalone	Consolidated
TTM EPS (₹)	7.4	7.6
TTM Sales (₹ Cr.)	118	119
BVPS (₹) ⓘ	46.1	46.2
Reserves (₹ Cr.) ⓘ	66	66
P/BV ⓘ	2.99	2.98
PE ⓘ	18.56	18.25

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	251
Equity (₹ Cr.)	18.2
Face Value (₹)	10
Industry PE ⓘ	30.5

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	31	50	50	69	118
Operating Expenses ⓘ +	28	44	40	54	100
Manufacturing Costs	4	9	8	17	14
Material Costs	18	26	23	19	60
Employee Cost	3	5	6	14	16
Other Costs ⓘ	3	3	3	4	10
Operating Profit ⓘ	2	7	10	14	17
Operating Profit Margin (%)	8.1%	13.7%	20.8%	21.0%	14.8%
Other Income ⓘ +	0	0	1	2	4
Exceptional Items ⓘ	0	0	0	0	0
Interest ⓘ	1	0	1	2	1
Depreciation ⓘ	1	1	1	1	2
Profit Before Tax ⓘ	2	6	10	14	18
Tax ⓘ	0	1	3	3	5
Profit After Tax	1	4	8	10	14
PAT Margin (%)	3.7%	8.7%	15.2%	14.6%	11.5%
Adjusted EPS (₹)	0.9	3.4	5.9	5.7	7.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	6	10	18	61	74
Share Capital ⓘ	1	1	1	18	18
Reserves ⓘ	5	10	17	43	57
Debt +	1	2	11	2	11
Long Term Debt	1	2	4	2	4
Short Term Debt	0	0	7	0	7
Minority Interest	0	0	0	0	0
Trade Payables	10	12	12	8	8
Others Liabilities ⓘ	3	4	7	7	12
Total Liabilities ⓘ	20	29	48	78	105
Fixed Assets
Net Fixed Assets ⓘ +	4	5	8	11	13
Gross Block	6	8	11	15	18
Accumulated Depreciation	2	2	3	4	5
CWIP ⓘ	0	0	0	0	2
Investments ⓘ	2	4	4	0	0
Inventories	0	2	8	25	37
Trade Receivables	10	6	16	16	31
Cash Equivalents	0	6	8	18	5
Others Assets ⓘ	3	5	4	9	17
Total Assets ⓘ	20	29	48	78	105

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	3	10	-7	-9	-15
PBT ⓘ	2	6	10	14	18
Adjustment ⓘ	1	1	2	3	2
Changes in Working Capital ⓘ	1	5	-16	-22	-31
Tax Paid ⓘ	-0	-1	-2	-3	-5
Cash Flow From Investing Activity ⓘ +	-3	-5	-3	-1	0
Capex	-1	-2	-4	-4	-5
Net Investments	-1	-2	0	3	5
Others ⓘ	-1	-1	0	0	1
Cash Flow From Financing Activity ⓘ +	-1	-0	5	19	7
Net Proceeds from Shares ⓘ	0	0	0	36	0
Net Proceeds from Borrowing ⓘ	-1	1	2	-2	2
Interest Paid ⓘ	-1	-0	-1	-2	-1
Dividend Paid ⓘ	0	0	0	0	0
Others ⓘ	1	-0	3	-14	6
Net Cash Flow ⓘ	-1	5	-5	8	-8

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	19.05	54.28	53.97	25.49	20.02
ROCE (%)	26.94	61.48	48.88	32.55	26.03
Asset Turnover Ratio	1.5	2.06	1.3	1.09	1.28
PAT to CFO Conversion(x)	3	2.5	-0.88	-0.9	-1.07
Working Capital Days
Receivable Days	122.50	59.40	81.80	84.70	71.70
Inventory Days	5.20	8.90	34.70	85.80	95.80
Payable Days	204	158	194.30	188.40	46.10

About Pratham EPC Projects Ltd

Pratham EPC Projects Limited was originally incorporated in the name and style of ‘Pratham EPC Projects Private Limited’, as a Private Limited Company under the Provisions of Companies Act, 20123 pursuant to a Certificate of Incorporation dated October 27, 2014 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Later on, the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on July 21, 2023 and the name of the Company was changed to ‘Pratham EPC Projects Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated July 28, 2023 was issued by the Registrar of Companies, Ahmedabad.

The company is an integrated engineering, procurement, construction and commissioning company being in business of end-to end service providers to Oil & Gas distribution companies in India. It is an Oil & Gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with construction of associated facilities; and providing Operations & Maintenance services to the City Gas Distribution (CGD) Companies in India. It is an integrated EPC company offering a diversified range of pipeline and allied services for oil & gas industry.

It provide its services for cross country pipeline projects for different applications viz. Oil, gas & water etc. and also undertake Pipeline laying work on Turnkey basis including engineering, procurement, pipeline construction for city gas distribution, horizontal direction drilling, stations including civil, electromechanical and instrumentation for its clients. The company is ISO 10002:2018 certified for customer satisfaction and complaint management system by International Standards Registrations, ISO 14001:2015 certified for environment management system by International Standards Registrations, ISO 18001:2007 certified for Occupational Health and Safety management system by International Standards Registrations and ISO 9001:2015 certified for quality management system by ROHS Certification

Business area of the company

The company is engaged in the business of Pipeline Construction of Oil & Gas and Water Engineering Procurement Construction.

History and milestones

2014: The Company was incorporated as a private limited company under the name ‘Pratham EPC Projects Private Limited’.
2023: The Company make subsidiary company name ‘Pipeflow Integrity India Private Limited’.
2023: The Company was converted into Public Limited Company under the name of ‘Pratham EPC Projects Limited’.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Pratham EPC Projects Ltd (PRATHAM) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating