Is Patel Engineering a good quality company?

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

Is Patel Engineering 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 .

What is Patel Engineering share price return in the past 10 years?

Patel Engineering Ltd share price has declined -3.4% annually (CAGR) over the past ten years.

Is Patel Engineering a good buy now?

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

Patel Engineering Ltd - Stock Valuation and Financial Performance

Name: Patel Engineering
Brand: Patel Engineering

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

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Patel Engineering Share Price

₹52.02 -1.22 -2.29%
as on 21-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
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	-0.1	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,875	3,327	3,654	3,934	2,211	2,556	1,828	3,397	3,740	4,488	4,680
Sales YoY Gr.	-	15.7%	9.9%	7.7%	-43.8%	15.6%	-28.5%	85.9%	10.1%	20%	-
Adj EPS ⓘ	2	-10	-0.6	7.4	4	-0.3	-5.8	1.5	2.2	2.8	4
YoY Gr.	-	-603%	NA	NA	-45.5%	-106.7%	NA	NA	50%	28.3%	-
BVPS (₹) ⓘ	167	150.6	92.6	93.4	93.8	55.3	43.9	44.1	36.4	39.6	42.2
Adj Net Profit ⓘ	22.1	-111	-12.5	168	95.9	-12.1	-294	76.6	170	217	338
Cash Flow from Ops. ⓘ	-1	-47.7	567	403	836	407	389	514	702	688	-
Debt/CF from Ops. ⓘ	-5102.1	-113.1	8.8	7.2	3.2	5.6	5.8	4.4	2.5	2.7	-

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%	NA	28.3%
BVPSⓘ	-14.8%	-15.8%	-3.3%	8.8%
Share Price	-3.4%	29.1%	35%	-3.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	1.2	-6.2	-0.7	7.8	4.3	-0.5	-12.1	3.3	6.4	7.2	9.8
Op. Profit Mgn % ⓘ	18	12.6	11.5	13.5	17.2	7.4	13.5	15.6	15	15.4	15.2
Net Profit Mgn % ⓘ	0.8	-3.6	-1.6	4.5	4.8	0.5	-14.5	2.5	4.9	5.3	7.2
Debt to Equity ⓘ	2.8	3.2	2.4	1.4	1.2	0.9	1	1	0.6	0.6	0.1
Working Cap Days ⓘ	890	822	779	633	1,004	894	1,233	678	630	543	219
Cash Conv. Cycle ⓘ	383	418	418	287	327	353	504	281	245	181	78

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.) ⓘ	3,574	3,561
P/BV ⓘ	1.23	1.26
PE ⓘ	17.18	13.33

From the Market
52 Week Low / High (₹)	46.21 / 79.00
All Time Low / High (₹)	0.69 / 739.72
Market Cap (₹ Cr.)	4,495
Equity (₹ Cr.)	84.4
Face Value (₹)	1
Industry PE ⓘ	35.9

Management X-Ray of Patel Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

99.47

98.27

99.32

88.67

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

Valuation of Patel Engineering

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Patel Engineering

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,875	3,327	3,654	3,934	2,211	2,556	1,828	3,397	3,740	4,488
Operating Expenses ⓘ	2,379	2,910	3,233	3,403	1,850	2,371	1,593	2,870	3,179	3,797
Manufacturing Costs	2,558	3,118	2,993	1,408	1,648	2,029	1,441	2,424	2,832	3,275
Material Costs	-540	-705	-220	1,660	-149	-55	-167	17	-151	-56
Employee Cost	135	138	150	151	168	194	201	267	326	354
Other Costs ⓘ	226	359	310	185	184	202	117	162	172	225
Operating Profit ⓘ	496	417	421	531	360	185	235	528	562	690
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 ⓘ	116	153	254	243	175	171	109	116	115	89
Interest ⓘ	516	602	579	489	370	266	401	420	412	362
Depreciation ⓘ	80	55	78	54	50	66	72	82	81	98
Exceptional Items ⓘ	15	-129	-89	-136	89	31	-214	-30	-1	86
Profit Before Tax ⓘ	32	-216	-71	94	204	55	-344	112	183	405
Tax ⓘ	22	-20	32	-11	44	23	-71	43	39	104
Profit After Tax	10	-196	-103	105	159	31	-273	69	144	302
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	-2.6	4.3	6.3	0.2	-5.9	1.2	2.2	3.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,892	1,713	2,139	2,160	2,276	2,546	2,319	2,384	2,888	3,154
Share Capital ⓘ	8	8	16	16	16	41	47	48	77	77
Reserves ⓘ	1,885	1,705	2,123	2,144	2,259	2,505	2,273	2,336	2,811	3,076
Minority Interest	125	146	70	56	57	33	61	71	88	8
Debt	4,790	4,932	4,338	2,872	2,649	2,244	2,210	1,982	1,594	1,669
Long Term Debt	2,368	2,107	1,599	1,332	1,305	919	753	761	532	557
Short Term Debt	2,422	2,825	2,740	1,539	1,344	1,325	1,457	1,221	1,062	1,112
Trade Payables	867	788	861	1,095	1,093	1,370	1,210	1,324	1,504	1,864
Others Liabilities ⓘ	1,565	1,909	2,174	1,312	2,213	2,018	2,087	2,554	2,628	2,306
Total Liabilities ⓘ	9,239	9,488	9,582	7,495	8,286	8,211	7,887	8,315	8,702	9,001
Fixed Assets
Gross Block	1,194	1,223	1,183	1,107	1,165	1,184	1,326	1,867	1,883	2,065
Accumulated Depreciation	536	601	554	551	587	577	643	687	652	747
Net Fixed Assetsⓘ	658	622	629	556	578	607	683	1,181	1,231	1,319
CWIP ⓘ	982	837	868	792	1,063	1,141	679	283	294	233
Investmentsⓘ	182	164	138	140	116	79	68	82	135	155
Inventories	3,969	4,701	4,855	3,162	3,546	3,566	3,630	3,591	3,676	3,792
Trade Receivables	568	514	253	241	230	328	434	562	504	554
Cash Equivalents	152	64	61	132	125	114	196	261	208	339
Others Assetsⓘ	2,729	2,586	2,777	2,471	2,628	2,376	2,198	2,356	2,652	2,610
Total Assets ⓘ	9,239	9,488	9,582	7,495	8,286	8,211	7,887	8,315	8,702	9,001

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-1	-48	567	403	836	407	389	514	702	688
PBT ⓘ	32	-216	-71	94	199	35	-362	115	222	394
Adjustment ⓘ	618	691	710	-1,690	269	180	638	448	424	423
Changes in Working Capital ⓘ	-597	-460	-53	1886	298	130	125	32	138	-33
Tax Paid ⓘ	-54	-62	-19	114	70	63	-12	-81	-82	-96
Cash Flow From Investing Activity ⓘ	-244	272	-222	245	-327	-47	7	-121	-224	-132
Capex	-240	135	-108	149	-313	-47	-94	-143	-168	-147
Net Investments	-46	18	22	-3	-53	-10	9	4	-65	-20
Others ⓘ	42	120	-136	99	38	10	92	19	9	34
Cash Flow From Financing Activityⓘ	229	-311	-343	-578	-513	-367	-311	-340	-541	-429
Net Proceeds from Shares ⓘ	2	0	0	0	1	18	0	0	0	0
Net Proceeds from Borrowing ⓘ	594	291	97	-425	-217	-105	39	-20	-526	-113
Interest Paid ⓘ	-487	-602	-423	-152	-297	-280	-350	-320	-331	-317
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	316	0
Others ⓘ	120	0	-17	0	0	0	0	0	0	0
Net Cash Flow ⓘ	-16	-86	2	70	-4	-7	85	54	-63	126

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.53	-11.12	-5.45	4.92	7.33	1.32	-11.55	3.02	5.59	10.25
ROCE (%)	8.26	5.47	7.18	9.59	11.53	6.58	1.24	11.69	13.01	16.13
Asset Turnover Ratio	0.32	0.36	0.38	0.46	0.28	0.31	0.23	0.42	0.44	0.51
PAT to CFO Conversion(x)	-0.1	N/A	N/A	3.84	5.26	13.13	N/A	7.45	4.88	2.28
Working Capital Days
Receivable Days	70	59	38	23	39	40	76	53	52	43
Inventory Days	462	476	477	372	554	508	718	388	355	304
Payable Days	-587	-429	-1,371	215	-2,672	-8,218	-2,823	0	-3,422	0

Patel Engineering Ltd Stock News

Patel Engineering Ltd FAQs

What is the share price of Patel Engineering?

Company share prices are keep on changing according to the market conditions. The closing price of Patel Engineering on 21-Nov-2024 16:59 is ₹52.02.

What is the market cap of Patel Engineering?

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 21-Nov-2024 16:59 the market cap of Patel Engineering stood at ₹4,495.5.

What is the P/E ratio of Patel Engineering?

The latest P/E ratio of Patel Engineering as of 21-Nov-2024 16:59 is 17.18.

What is the P/B ratio of Patel Engineering?

The latest P/B ratio of Patel Engineering as of 21-Nov-2024 16:59 is 1.23.

What is the 52-week high and low of Patel Engineering?

The 52-week high of Patel Engineering is ₹79.00 and the 52-week low is ₹46.21.

What is the TTM revenue of Patel Engineering?

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.