Patel Engineering Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
21.65 0.15 (0.70%)

DeciZen - Make an Informed Decision on Patel Engineering

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Patel Engineering Price Chart

P/E Ratio (CD) :
8.40
Market Cap :
1,116.6 Cr.
52-wk low :
19.7
52-wk high :
35
Bole Toh?

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 below 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 Fair zone.

3. Is Patel Engineering Ltd a good buy now?

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.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.1%5.8%5.4%4.4%5.5%8.3%7%3.5%2.7%7.9%-
Value Creation Index -0.4-0.6-0.6-0.7-0.6-0.4-0.5-0.8-0.8-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,7273,1692,8754,0413,6543,9342,2112,5561,8283,3973,857
YoY Gr. Rt. %--15%-9.3%40.5%-9.6%7.7%-43.8%15.6%-28.5%85.9%-
Adj EPS 8.330.3-10.2-0.58.24.4-0.3-3.31.62.6
YoY Gr. Rt. %--63.4%-91.4%-4038.5%NANA-45.8%-106.8%NANA-
BVPS (₹) 174.8175.7183.5165.4103.5102.6105.362.448.248.546.8
Adj Net Profit 76.130.42.7-104-9.216995.9-12.1-15576.4133
Cash Flow from Ops. -0.6-362-1-47.7567403836407389537-
Debt/CF from Ops. -6065.3-12.4-5102.1-113.18.87.23.25.65.84.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1%-1.5%15.4%85.9%
Adj EPS -16.8%NA-29%NA
BVPS -13.3-14.1-22.80.5
Share Price -9.6% -20.9% 15.4% -2.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.81.80.1-5.7-0.57.94.3-0.5-6.43.35.4
Op. Profit Mgn % 15.615.81810.711.713.517.27.413.515.615.1
Net Profit Mgn % 2.31.20.1-2.8-1.54.54.80.5-6.82.43.5
Debt to Equity 2.22.52.83.22.31.41.20.9110.3
Working Cap Days 4896978906777816361,0109051,244679541
Cash Conv. Cycle 188295383350418287327353504274159

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.40%

Sales growth is growing at healthy rate in last 3 years 15.40%

Debt to equity has declined versus last 3 years average to 0.97

Sales growth is good in last 4 quarters at 45.59%

Net Profit has been subdued in last 3 years -28.99%

Latest Financials - Patel Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 2.6
TTM Sales (₹ Cr.) 3,496 3,857
BVPS (₹.) 47.4 46.8
Reserves (₹ Cr.) 2,391 2,423
P/BV 0.46 0.46
PE 12.20 8.40
From the Market
52 Week Low / High (₹) 19.70 / 34.95
All Time Low / High (₹) 0.76 / 812.75
Market Cap (₹ Cr.) 1,117
Equity (₹ Cr.) 51.6
Face Value (₹) 1
Industry PE 27

Management X-Ray of Patel Engineering :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *88.0988.0988.0988.0999.4799.4799.4799.4799.4798.27
* 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 (%)

News

Patel Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Patel Engineering on 25-Nov-2022 18:01 is : 21.65.
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 25-Nov-2022 18:01 the market cap of Patel Engineering stood at ₹ 1,116.6.
The latest PE ratio of Patel Engineering as of 25-Nov-2022 18:01 is 12.20.
The latest PB ratio of Patel Engineering as of 25-Nov-2022 18:01 is 0.46
The 52-week high of Patel Engineering is ₹ 34.95 and the 52-week low is ₹ 19.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Patel Engineering is ₹ 3,496 ( 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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