Is RKEC Projects Ltd (RKEC) a good quality company?

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

Is RKEC Projects Ltd (RKEC) undervalued or overvalued?

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

What is RKEC Projects Ltd (RKEC) share price return in the past 10 years?

Data is not available for this company

Is RKEC Projects Ltd (RKEC) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of RKEC 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 RKEC Projects Ltd (RKEC)?

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

What is the market cap of RKEC Projects Ltd (RKEC)?

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 RKEC Projects stood at Rs. 102.95 Cr.

What is the P/E ratio of RKEC Projects?

The latest standalone P/E ratio of RKEC Projects as of 01-Jan-1970 is 10.85.

What is the P/B ratio of RKEC Projects Ltd (RKEC)?

The latest standalone P/B ratio of RKEC Projects Ltd (RKEC) as of 01-Jan-1970 is 0.49.

What is the 52-week high and low of RKEC Projects Ltd (RKEC)?

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

What is the TTM revenue of RKEC Projects Ltd (RKEC)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RKEC Projects is Rs. 258.28 (Cr.).

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

Name: RKEC Projects Ltd (RKEC)
Brand: RKEC 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'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	28.5%	74.2%	57.9%	37.3%	33.9%	15.9%	10.7%	19.9%	19%	16.4%	-
Value Creation Index ⓘ	1.0	4.3	3.1	1.7	1.4	0.1	-0.2	0.4	0.4	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	113	197	240	244	298	202	209	300	341	399	258
Sales YoY Gr.	-	75.2%	21.5%	1.8%	22.1%	-32.1%	3.1%	43.8%	13.7%	17%	-
Adj EPS ⓘ	3.3	6.1	8.5	10	16.5	5.3	2.6	5.1	7.8	7	3.7
YoY Gr.	-	83.2%	38.9%	17.9%	65.1%	-67.9%	-50.7%	93.1%	53.4%	-9.5%	-
BVPS (₹) ⓘ	26.5	18.8	31.2	40	50.1	55.4	56.8	61.9	70.2	78.6	81.4
Adj Net Profit ⓘ	3.2	11.8	20.4	24	39.7	12.7	6.3	12.1	18.6	16.8	9
Cash Flow from Ops. ⓘ	24.7	19.5	-24	7.3	39.1	-35.9	12.3	16.3	17.3	11.3	-
Debt/CF from Ops. ⓘ	0.6	0	-0.6	6.8	1.8	-3.1	11.5	7.1	8.7	18.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.1%	6%	24.1%	17%
Adj EPS ⓘ	8.6%	-15.8%	38.9%	-9.5%
BVPSⓘ	12.8%	9.4%	11.4%	11.9%
Share Price	-	-7.5%	-14.2%	-47.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	13.4	38.2	36.8	28.2	36.7	10.1	4.7	8.5	11.8	9.4	4.6
Op. Profit Mgn % ⓘ	11.6	14.5	16.2	18.9	24.1	17.3	14.2	18.4	17.6	15.3	12.7
Net Profit Mgn % ⓘ	2.9	6	8.5	9.9	13.3	6.3	3	4	5.5	4.2	3.7
Debt to Equity ⓘ	0.6	0	0.2	0.5	0.6	0.8	1	0.8	0.9	1.1	0.1
Working Cap Days ⓘ	181	143	149	215	240	439	441	324	326	333	889
Cash Conv. Cycle ⓘ	65	92	94	114	112	287	375	271	254	242	261

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.12%

Net Profit is growing at healthy rate in last 3 years 38.89%

Return on Equity has declined versus last 3 years average to 4.60%

Debt to equity has increased versus last 3 years average to 1.12

Sales growth is not so good in last 4 quarters at -39.44%

	Standalone	Consolidated
TTM EPS (₹)	3.7	3.7
TTM Sales (₹ Cr.)	258	281
BVPS (₹) ⓘ	81.4	81.4
Reserves (₹ Cr.) ⓘ	184	184
P/BV ⓘ	0.49	0.49
PE ⓘ	10.85	10.82

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	103
Equity (₹ Cr.)	25.8
Face Value (₹)	10
Industry PE ⓘ	30.5

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	113	197	240	244	298	202	209	300	341	399
Operating Expenses ⓘ +	100	169	201	198	226	167	179	245	281	338
Manufacturing Costs	0	58	71	91	88	67	67	84	99	149
Material Costs	45	95	106	85	110	77	88	125	148	141
Employee Cost	8	13	15	13	18	14	17	18	22	32
Other Costs ⓘ	46	3	8	8	10	9	6	17	12	16
Operating Profit ⓘ	13	29	39	46	72	35	30	55	60	61
Operating Profit Margin (%)	11.6%	14.5%	16.2%	18.9%	24.0%	17.3%	14.2%	18.4%	17.6%	15.3%
Other Income ⓘ +	1	3	1	1	3	3	2	4	4	7
Exceptional Items ⓘ	-0	0	0	0	-13	0	0	0	0	0
Interest ⓘ	5	8	4	9	16	17	19	27	27	29
Depreciation ⓘ	3	3	3	4	4	4	4	5	8	9
Profit Before Tax ⓘ	5	20	33	35	41	17	9	27	28	30
Tax ⓘ	2	7	12	10	11	5	3	15	8	10
Profit After Tax	3	13	20	24	30	13	6	12	20	20
PAT Margin (%)	2.8%	6.6%	8.5%	9.9%	10.2%	6.3%	3.0%	4.0%	5.8%	5.0%
Adjusted EPS (₹)	1.7	6.7	8.5	10.1	12.6	5.3	2.6	5.1	8.3	8.4
Dividend Payout Ratio (%)	0%	22%	24%	20%	0%	23%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	26	36	75	96	120	133	136	149	168	188
Share Capital ⓘ	10	19	24	24	24	24	24	24	24	24
Reserves ⓘ	16	17	51	72	96	109	112	125	144	164
Debt +	15	0	15	48	65	107	137	111	139	195
Long Term Debt	0	0	1	2	4	6	49	43	40	27
Short Term Debt	15	0	14	47	61	101	88	68	99	169
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	19	29	41	75	94	67	48	74	77	120
Others Liabilities ⓘ	51	47	18	14	42	51	36	51	46	65
Total Liabilities ⓘ	111	112	149	234	321	357	358	385	430	569
Fixed Assets
Net Fixed Assets ⓘ +	12	11	14	20	33	55	52	54	53	103
Gross Block	12	32	38	47	37	63	64	90	97	156
Accumulated Depreciation	0	21	24	27	4	8	12	36	44	53
CWIP ⓘ	0	0	0	10	23	0	0	9	28	7
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	48	32	15	45	72	72	73	92	111	197
Trade Receivables	19	40	82	82	107	169	148	161	175	169
Cash Equivalents	24	22	18	33	44	37	66	28	34	47
Others Assets ⓘ	8	8	19	44	43	25	19	40	30	47
Total Assets ⓘ	111	112	149	234	321	357	358	385	430	569

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	25	19	-24	7	39	-36	12	16	17	11
PBT ⓘ	5	20	33	35	41	17	9	27	28	30
Adjustment ⓘ	8	8	6	8	13	13	14	17	21	26
Changes in Working Capital ⓘ	13	-4	-51	-24	-4	-62	-8	-13	-24	-35
Tax Paid ⓘ	-1	-5	-12	-10	-11	-5	-3	-15	-8	-10
Cash Flow From Investing Activity ⓘ +	0	2	-4	-34	-37	4	-3	5	-31	-44
Capex	-1	1	-7	-9	-18	-26	-1	-7	-7	-58
Net Investments	0	0	0	0	0	-0	0	0	0	0
Others ⓘ	1	1	3	-25	-19	30	-2	12	-24	14
Cash Flow From Financing Activity ⓘ +	-6	-23	25	25	0	30	15	-41	13	37
Net Proceeds from Shares ⓘ	0	0	21	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-0	0	1	0	2	2	43	-6	-3	-14
Interest Paid ⓘ	-5	-8	-4	-5	-11	-12	-12	-14	-15	-19
Dividend Paid ⓘ	0	0	-3	-3	-6	0	-3	0	0	0
Others ⓘ	-0	-15	11	33	15	40	-13	-20	30	70
Net Cash Flow ⓘ	19	-1	-2	-2	3	-2	25	-19	-1	4

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	13.29	41.8	36.69	28.27	28.02	10.09	4.67	8.52	12.53	11.23
ROCE (%)	28.53	74.19	57.87	37.27	33.86	15.92	10.72	19.94	19.03	16.44
Asset Turnover Ratio	1.35	1.76	1.84	1.28	1.07	0.6	0.58	0.81	0.84	0.8
PAT to CFO Conversion(x)	8.33	1.46	-1.2	0.29	1.3	-2.77	2	1.33	0.85	0.55
Working Capital Days
Receivable Days	55	54	93	123	116	249	277	188	180	157
Inventory Days	104	74	36	45	71	129	127	101	109	141
Payable Days	119	64	64	123	151	193	57	32	66	134

About RKEC Projects Ltd

RKEC Projects was originally incorporated on April 01, 2005 as ‘RKEC Projects Private Limited’ vide under the provisions of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh, Hyderabad. The Company after its incorporation takeover the running business of a proprietorship firm of their Promoter Radhakrishna Garapati with effect from April 01, 2006 ‘RK Engineers & Contractors’. Further, the Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on October 31, 2016 and the name of company was changed to ‘RKEC Projects Limited’ vide a fresh Certificate of incorporation dated November 10, 2016, issued by the Registrar of Companies, Hyderabad.

They are a construction company primarily engaged in the business of Civil Construction such as construction of Highways, roads and bridges. During the last decade, they have undertaken and successfully completed many construction projects in India covering states of Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan and Maharashtra. In addition to them, they have expanded their presence to three more states, Kerala, Uttar Pradesh and Manipur, with their ongoing projects. They have been able to achieve their targets by fusing tremendous engineering knowledge with groundbreaking skills, experienced team, binding an optimum mix of men, machine and materials across diverse projects.

Business area of the Company

Their core business is designing and undertaking construction projects such as Bridges, Ports, dams, high-rise structures, airports, cross water, roads, highways, Oil and gas Pipelines, complexes and environmental structures across India. They have attained good reputation among their clients because of the track record, experienced members and a proven strength on delivery norms across its all spectrum of services. They have entered into projects for diverse range of clients including Defence sector, Railways, Ports, Adani Port, Vedanta , IVRCL , Rashtriya Ispat Nigam and ESSAR.

Major events and milestones:

2005-06: Incorporation of the Company in the name and style of ‘RKEC Projects Private Limited’.
2006-07: The Company took over the running business of the proprietorship firm of one of the Promoter Radhakrishna Garapati being carried on under the name and style of ‘RK Engineers & Contractors’.
2012-13: The Company has undertaken an extra business activity of ‘Facility Management’ which was subsequently closed down in the next financial year.
2015-16: Conversion of Company from Private Limited to Public Limited.
2015-16: Completed Construction of Second Liquid Chemical/POL Berth Off Pir Pau, Mumbai worth Rs 29.20 Crores.
2016-17: Received a Major Project of Construction of Coastal Berth Project at Jawaharlal Nehru Port Trust worth Rs 143.32 Crores.

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