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Patel Engineering Ltd (PATELENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531120 NSE: PATELENG Engineering - Construction | Small Cap | Patel Engineering Share Price

₹27.06 0.14 (0.52%)

As on 09-Sep'26 16:59

Patel Engineering Ltd (PATELENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531120 NSE: PATELENG Engineering - Construction | Small Cap | Patel Engineering Share Price

₹27.06 0.14 (0.52%)

As on 09-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,685 Cr.
Current Price
₹27.1
52-Week Low / High
₹22 / 41
TTM EPS
₹2.9
TTM Sales
₹5,150 Cr.
Book Value per Share
₹44.8
P/E Ratio
9.36
Lower than its 5-year historical median
Industry PE
24.6
Price to Book (P/B)
0.60
Lower than its 5-year historical median
Price to Sales (P/S)
0.52
Lower than its 5-year historical median
EV/EBITDA
3.91
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.69%
Underperforms industry median
Return on Capital Employed (ROCE)
10.71%
Underperforms industry median
Return on Assets (ROA)
2.78%
Operating Profit Margin
14.3%
Net Profit Margin
5.56%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.03%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.7%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.3%
Asset Quality
Promoter Holding
31.50%
Pledged shares (%) of Promoter's holding (%)
86.57%
Reserves
₹4,398 Cr.
Equity
₹99.2 Cr.
Face Value
₹1
All Time Low / High
₹0.67 / 714.68

Patel Engineering stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Weak
Q.1 Is Patel Engineering Ltd a good quality company?
Patel Engineering Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Patel Engineering Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Patel Engineering Ltd vs industry peers?
Patel Engineering Ltd revenue CAGR is 21.59%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Patel Engineering Ltd?
Promoters hold 31.50% of the Patel Engineering Ltd, with 86.57% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Patel Engineering Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -9% based on the current price.

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)

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 7.2%9.6%11.5%6.6%1.2%11.7%13%16.1%12.6%10.7%-
Value Creation
Index
-0.5-0.3-0.2-0.5-0.9-0.2-0.10.2-0.1-0.2-

Growth Parameters

Sales 3,6543,9342,2112,5561,8283,3973,7404,4884,7154,8585,150
Sales YoY Gr.-7.7%-43.8%15.6%-28.5%85.9%10.1%20%5.1%3%-
Adj EPS -0.57.23.9-0.3-5.61.42.12.84.142.9
YoY Gr.-NA-45.5%-106.7%NANA50.4%31.6%47.3%-1.7%-
BVPS (₹) 89.490.290.653.542.442.635.238.342.643.844.8
Adj Net
Profit
-12.516895.9-12.1-29476.6170224359401287
Cash Flow from Ops. 567403836407389514702688279560-
Debt/CF from Ops. 8.87.23.25.65.84.42.52.75.92.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.2%21.6%9.1%3%
Adj EPS NANA24%-1.7%
BVPS-7.6%0.7%7.6%2.9%
Share Price -8.9% 13.9% -20.4% -25.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-0.77.84.3-0.5-12.13.36.47.410.49.86.5
Op. Profit
Mgn %
11.513.517.27.413.515.61515.415.914.313.6
Net Profit
Mgn %
-1.64.54.80.5-14.52.54.95.47.58.55.6
Debt to
Equity
2.41.41.20.9110.60.60.40.3-
Working Cap
Days
7796331,0048941,233678630541556566195
Cash Conv.
Cycle
418287327353504281245181138-4960

Valuation of Patel Engineering - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *88.6788.6788.6788.6788.6788.6788.6786.5686.5886.57
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,6543,9342,2112,5561,8283,3973,7404,4884,7154,858
Operating Expenses + 3,2333,4031,8502,3711,5932,8703,1793,7973,9824,174
Manufacturing Costs2,9931,4081,6482,0291,4412,4242,8323,2753,6683,745
Material Costs-2201,660-149-55-16717-151-56-378-245
Employee Cost 150151168194201267326354383404
Other Costs 310185184202117162172225309270
Operating Profit 421531360185235528562690733684
Operating Profit Margin (%) 11.5%13.5%16.3%7.3%12.8%15.5%15.0%15.4%15.6%14.1%
Other Income + 25424317517110911611589166166
Exceptional Items -89-1368931-214-30-186-152-162
Interest 579489370266401420412362322296
Depreciation 7854506672828198100104
Profit Before Tax -719420455-344112183405326288
Tax 32-114423-7143391049018
Profit After Tax -10310515931-27369144302236270
PAT Margin (%) -2.8%2.7%7.2%1.2%-14.9%2.0%3.8%6.7%5.0%5.6%
Adjusted EPS (₹)-2.54.26.00.2-5.71.12.13.42.82.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,1392,1602,2762,5462,3192,3842,8883,1543,7854,440
Share Capital 16161641474877778499
Reserves 2,1232,1442,2592,5052,2732,3362,8113,0763,7004,341
Debt +4,3382,8722,6492,2442,2101,9821,5941,6691,4321,103
Long Term Debt1,5991,3321,305919753761532557388256
Short Term Debt2,7401,5391,3441,3251,4571,2211,0621,1121,044847
Minority Interest705657336171888-82
Trade Payables8611,0951,0931,3701,2101,3241,5041,8642,1182,163
Others Liabilities 2,1741,3122,2132,0182,0872,5542,6282,2562,3951,954
Total Liabilities 9,5827,4958,2868,2117,8878,3158,7028,9519,7239,663

Fixed Assets

Net Fixed Assets +6295565786076831,1811,2311,3191,3281,338
Gross Block1,1831,1071,1651,1841,3261,8671,8832,0652,1572,251
Accumulated Depreciation554551587577643687652747829913
CWIP 8687921,0631,141679283294233171126
Investments 13814011679688213515518153
Inventories4,8553,1623,5463,5663,6303,5913,6763,7921,092978
Trade Receivables253241230328434562504554754598
Cash Equivalents 61132125114196261208339453540
Others Assets 2,7772,4712,6282,3762,1982,3562,6522,5595,7446,029
Total Assets 9,5827,4958,2868,2117,8878,3158,7028,9519,7239,663
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 567403836407389514702688279560
PBT -719419935-362115222394337287
Adjustment 710-1,690269180638448424423539414
Changes in Working Capital -53188629813012532138-33-615-94
Tax Paid -191147063-12-81-82-9618-47
Cash Flow From Investing Activity + -222245-327-477-121-224-132-1585
Capex -108149-313-47-94-143-168-147-89-108
Net Investments 22-3-53-1094-65-203993
Others -136993810921993435100
Cash Flow From Financing Activity + -343-578-513-367-311-340-541-429-346-516
Net Proceeds from Shares 00118003160366357
Net Proceeds from Borrowing 97-425-217-10539-20-526-113-433-438
Interest Paid -423-152-297-280-350-320-331-317-278-435
Dividend Paid 0-0-0-0000000
Others -170-0-00-0-0-000
Net Cash Flow 270-4-78554-63126-81129
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-5.454.927.331.32-11.553.025.5910.256.966.69
ROCE (%)7.189.5911.536.581.2411.6913.0116.1312.5610.71
Asset Turnover Ratio0.380.460.280.310.230.420.440.510.50.5
PAT to CFO Conversion(x)N/A3.845.2613.13N/A7.454.882.281.182.07
Working Capital Days
Receivable Days38.3022.9038.9039.807653.50524350.6050.80
Inventory Days477.20371.90553.80507.90718.50387.90354.60303.70189.1077.80
Payable Days-1,370.70215.10-2,672.40-8,218.10-2,823.100-3,421.800-1,920.80-3,188.80

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Patel Engineering Ltd FAQs

The current trading price of Patel Engineering on 09-Sep-2026 16:59 is ₹27.06.

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 08-Sep-2026 the market cap of Patel Engineering stood at ₹2,684.7 Cr

The latest P/E ratio of Patel Engineering as of 08-Sep-2026 is 8.92.

The latest P/B ratio of Patel Engineering as of 08-Sep-2026 is 0.59.

The 52-week high of Patel Engineering is ₹40.58 and the 52-week low is ₹22.08.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patel Engineering is ₹5,116 ( Cr.) .

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

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

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

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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