Patel Engineering Ltd - Stock Valuation and Financial Performance

BSE: 531120 | NSE: PATELENG | Engineering - Construction | Small Cap

Patel Engineering Share Price

57.05 -0.34 -0.59%
as on 10-Dec'24 16:59

DeciZen - make an informed investing decision on Patel Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Patel Engineering stock performance -

mw4me loader
P/E Ratio (CD):
14.28
Market Cap:
4,817.2 Cr.
52-wk low:
46.2
52-wk high:
79

Is Patel Engineering Ltd an attractive stock to invest in?

1. Is Patel Engineering Ltd a good quality company?

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

2. Is Patel Engineering Ltd undervalued or overvalued?

The key valuation ratios of Patel Engineering Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Patel Engineering Ltd a good buy now?

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

10 Year X-Ray of Patel Engineering:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Patel Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.3%5.5%7.2%9.6%11.5%6.6%1.2%11.7%13%16.1%-
Value Creation
Index
-0.4-0.6-0.5-0.3-0.2-0.5-0.9-0.2-0.10.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,8753,3273,6543,9342,2112,5561,8283,3973,7404,4884,680
Sales YoY Gr.-15.7%9.9%7.7%-43.8%15.6%-28.5%85.9%10.1%20%-
Adj EPS 2-10-0.67.44-0.3-5.81.52.22.84
YoY Gr.--603%NANA-45.5%-106.7%NANA50%28.3%-
BVPS (₹) 167150.692.693.493.855.343.944.136.439.642.2
Adj Net
Profit
22.1-111-12.516895.9-12.1-29476.6170217338
Cash Flow from Ops. -1-47.7567403836407389514702688-
Debt/CF from Ops. -5102.1-113.18.87.23.25.65.84.42.52.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%15.2%34.9%20%
Adj EPS 3.9%-7%NA28.3%
BVPS-14.8%-15.8%-3.3%8.8%
Share Price -1.9% 34.9% 31.3% -16.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.2-6.2-0.77.84.3-0.5-12.13.36.47.29.8
Op. Profit
Mgn %
1812.611.513.517.27.413.515.61515.415.2
Net Profit
Mgn %
0.8-3.6-1.64.54.80.5-14.52.54.95.37.2
Debt to
Equity
2.83.22.41.41.20.9110.60.60.1
Working Cap
Days
8908227796331,0048941,233678630543219
Cash Conv.
Cycle
38341841828732735350428124518178

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.80%

Sales growth is growing at healthy rate in last 3 years 34.90%

Debt to equity has declined versus last 3 years average to 0.61

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 9.02%

Latest Financials - Patel Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 4
TTM Sales (₹ Cr.) 4,546 4,680
BVPS (₹.) 43.3 42.2
Reserves (₹ Cr.) 3,607 3,561
P/BV 1.32 1.35
PE 18.40 14.28
From the Market
52 Week Low / High (₹) 46.21 / 79.00
All Time Low / High (₹) 0.69 / 739.72
Market Cap (₹ Cr.) 4,817
Equity (₹ Cr.) 84.4
Face Value (₹) 1
Industry PE 40.1

Management X-Ray of Patel Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.4798.2799.3288.6788.6788.6788.6788.6788.6788.67
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Patel Engineering

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,8753,3273,6543,9342,2112,5561,8283,3973,7404,488
Operating Expenses 2,3792,9103,2333,4031,8502,3711,5932,8703,1793,797
Manufacturing Costs2,5583,1182,9931,4081,6482,0291,4412,4242,8323,275
Material Costs-540-705-2201,660-149-55-16717-151-56
Employee Cost 135138150151168194201267326354
Other Costs 226359310185184202117162172225
Operating Profit 496417421531360185235528562690
Operating Profit Margin (%) 17.3%12.5%11.5%13.5%16.3%7.3%12.8%15.5%15.0%15.4%
Other Income 11615325424317517110911611589
Interest 516602579489370266401420412362
Depreciation 80557854506672828198
Exceptional Items 15-129-89-1368931-214-30-186
Profit Before Tax 32-216-719420455-344112183405
Tax 22-2032-114423-714339104
Profit After Tax 10-196-10310515931-27369144302
PAT Margin (%) 0.3%-5.9%-2.8%2.7%7.2%1.2%-14.9%2.0%3.8%6.7%
Adjusted EPS (₹)0.8-16.9-2.64.36.30.2-5.91.22.23.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,8921,7132,1392,1602,2762,5462,3192,3842,8883,154
Share Capital 881616164147487777
Reserves 1,8851,7052,1232,1442,2592,5052,2732,3362,8113,076
Minority Interest125146705657336171888
Debt4,7904,9324,3382,8722,6492,2442,2101,9821,5941,669
Long Term Debt2,3682,1071,5991,3321,305919753761532557
Short Term Debt2,4222,8252,7401,5391,3441,3251,4571,2211,0621,112
Trade Payables8677888611,0951,0931,3701,2101,3241,5041,864
Others Liabilities 1,5651,9092,1741,3122,2132,0182,0872,5542,6282,306
Total Liabilities 9,2399,4889,5827,4958,2868,2117,8878,3158,7029,001

Fixed Assets

Gross Block1,1941,2231,1831,1071,1651,1841,3261,8671,8832,065
Accumulated Depreciation536601554551587577643687652747
Net Fixed Assets6586226295565786076831,1811,2311,319
CWIP 9828378687921,0631,141679283294233
Investments 182164138140116796882135155
Inventories3,9694,7014,8553,1623,5463,5663,6303,5913,6763,792
Trade Receivables568514253241230328434562504554
Cash Equivalents 1526461132125114196261208339
Others Assets2,7292,5862,7772,4712,6282,3762,1982,3562,6522,610
Total Assets 9,2399,4889,5827,4958,2868,2117,8878,3158,7029,001

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -1-48567403836407389514702688
PBT 32-216-719419935-362115222394
Adjustment 618691710-1,690269180638448424423
Changes in Working Capital -597-460-53188629813012532138-33
Tax Paid -54-62-191147063-12-81-82-96
Cash Flow From Investing Activity -244272-222245-327-477-121-224-132
Capex -240135-108149-313-47-94-143-168-147
Net Investments -461822-3-53-1094-65-20
Others 42120-1369938109219934
Cash Flow From Financing Activity 229-311-343-578-513-367-311-340-541-429
Net Proceeds from Shares 20001180000
Net Proceeds from Borrowing 59429197-425-217-10539-20-526-113
Interest Paid -487-602-423-152-297-280-350-320-331-317
Dividend Paid 000000003160
Others 1200-170000000
Net Cash Flow -16-86270-4-78554-63126
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)0.53-11.12-5.454.927.331.32-11.553.025.5910.25
ROCE (%)8.265.477.189.5911.536.581.2411.6913.0116.13
Asset Turnover Ratio0.320.360.380.460.280.310.230.420.440.51
PAT to CFO Conversion(x)-0.1N/AN/A3.845.2613.13N/A7.454.882.28
Working Capital Days
Receivable Days70593823394076535243
Inventory Days462476477372554508718388355304
Payable Days-587-429-1,371215-2,672-8,218-2,8230-3,4220

Patel Engineering Ltd Stock News

Patel Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Patel Engineering on 10-Dec-2024 16:59 is ₹57.05.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Dec-2024 16:59 the market cap of Patel Engineering stood at ₹4,817.2.
The latest P/E ratio of Patel Engineering as of 10-Dec-2024 16:59 is 18.40.
The latest P/B ratio of Patel Engineering as of 10-Dec-2024 16:59 is 1.32.
The 52-week high of Patel Engineering is ₹79.00 and the 52-week low is ₹46.21.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patel Engineering is ₹4,546 ( Cr.) .

About Patel Engineering Ltd

Patel Engineering was incorporated in 1949 by four young entrepreneurs, with an objective to cater to the infrastructural needs of a growing nation.

The company provides a wide range of civil engineering services involved in design and construction of power projeccts, hydroeletric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad. 

It has an experience of 75 dams, 30 hydro electric projects, 30 micro tunnelling projects and 130 Km of tunnelling, etc.

In 2010 the Company has received approval from the Central government for coal linkage for its thermal projects.
Also, Patel Engineering Ltd's subsidiary awarded with the largest Waterfront Development Project in Mauritius.

Global subsidiaries

  • ASI RCC INC It was incorporated in April 1987 in Colorado, USA. It basically focuses on construction and rehabilitation of Roller Compacted Concrete Dam. The ASI portfolio includes dams, power and treatment plants, mines, tunnels, highways, etc
  • Westcon Microtunneling It was incorporated in 1978 and is a microtunneling contractor in the US.

Projects

National Projects Under this it has constructed tunnels, dams, under ground projects, bridges, highways and flyovers and has completed various projects such as Centaur Hotel, Barauni oil refinery, Durgapur Steel Plant and impounded wet dock at Mazgaon, among others.

Some of the project that are under construction are Koyna tunnels, Yamuna hydro electric projects, Shillong water supply scheme, etc.

International projects Under this Patel Engineering has constructed dams, hydroelectric projects, complexes etc. Few of its completed projects are Wholesale Market Centre-Doha Qatar, Chukha Hydro Electric Project- Bhutan, Stagecoach Dam and Resorvior-Colarado USA, among others.

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