Is RKEC Projects 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 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 Somewhat Undervalued zone .

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

Data is not available for this company

Is RKEC Projects a good buy now?

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

RKEC Projects Ltd - Stock Valuation and Financial Performance

Name: RKEC Projects
Brand: RKEC Projects

BSE: 0 | NSE: RKEC | Engineering - Construction | Small Cap

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BSE Share Price
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10 Year X-Ray of RKEC Projects:

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 % ⓘ	17.1%	28.5%	74.2%	57.9%	37.3%	33.9%	15.9%	10.7%	19.9%	19%	-
Value Creation Index ⓘ	0.2	1.0	4.3	3.1	1.7	1.4	0.1	-0.2	0.4	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	70.8	113	197	240	244	298	202	209	300	341	387
Sales YoY Gr.	-	58.9%	75.2%	21.5%	1.8%	22.1%	-32.1%	3.1%	43.8%	13.7%	-
Adj EPS ⓘ	2.1	3.3	6.1	8.5	10	16.5	5.3	2.6	5.1	8.3	9.3
YoY Gr.	-	62.1%	83.2%	38.9%	17.9%	65.1%	-67.9%	-50.7%	93.1%	63.6%	-
BVPS (₹) ⓘ	23.2	26.5	18.8	31.2	40	50.1	55.4	56.8	61.9	70.2	72.4
Adj Net Profit ⓘ	2	3.2	11.8	20.4	24	39.7	12.7	6.3	12.1	19.9	22
Cash Flow from Ops. ⓘ	-9.6	24.7	19.5	-24	7.3	39.1	-35.9	12.3	16.3	17.3	-
Debt/CF from Ops. ⓘ	-1.1	0.6	0	-0.6	6.8	1.8	-3.1	11.5	7.1	8.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	19.1%	6.9%	19%	13.7%
Adj EPS ⓘ	16.7%	-3.7%	16%	63.6%
BVPSⓘ	13.1%	11.9%	8.2%	13.4%
Share Price	-	10.9%	15.8%	46%

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 % ⓘ	9.3	13.4	38.2	36.8	28.2	36.7	10.1	4.7	8.5	12.5	13.1
Op. Profit Mgn % ⓘ	13.3	11.6	14.5	16.2	18.9	24.1	17.3	14.2	18.4	17.6	13.6
Net Profit Mgn % ⓘ	2.8	2.9	6	8.5	9.9	13.3	6.3	3	4	5.8	5.8
Debt to Equity ⓘ	0.5	0.6	0	0.2	0.5	0.6	0.8	1	0.8	0.9	0.2
Working Cap Days ⓘ	176	181	143	149	215	240	439	441	324	326	384
Cash Conv. Cycle ⓘ	38	65	92	94	114	112	287	375	271	254	149

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.10%

Sales growth is growing at healthy rate in last 3 years 19.02%

Net Profit is growing at healthy rate in last 3 years 15.96%

Debt to equity has declined versus last 3 years average to 0.89

Sales growth is good in last 4 quarters at 36.10%

No data to display

Latest Financials - RKEC Projects Ltd.

	Standalone	Consolidated
TTM EPS (₹)	9.3	9.4
TTM Sales (₹ Cr.)	387	399
BVPS (₹.) ⓘ	72.4	72.5
Reserves (₹ Cr.) ⓘ	150	150
P/BV ⓘ	1.47	1.46
PE ⓘ	11.38	11.34

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	255
Equity (₹ Cr.)	24
Face Value (₹)	10
Industry PE ⓘ	35.9

Management X-Ray of RKEC Projects:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

30.61

0.00

36.87

64.47

59.92

76.74

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

Valuation of RKEC Projects

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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 RKEC Projects

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	71	113	197	240	244	298	202	209	300	341
Operating Expenses ⓘ	61	100	169	201	198	226	167	179	245	281
Manufacturing Costs	0	0	58	71	91	88	67	67	84	99
Material Costs	28	45	95	106	85	110	77	88	125	148
Employee Cost	5	8	13	15	13	18	14	17	18	22
Other Costs ⓘ	28	46	3	8	8	10	9	6	17	12
Operating Profit ⓘ	9	13	29	39	46	72	35	30	55	60
Operating Profit Margin (%)	13.3%	11.6%	14.5%	16.2%	18.9%	24.0%	17.3%	14.2%	18.4%	17.6%
Other Income ⓘ	1	1	3	1	1	3	3	2	4	4
Interest ⓘ	3	5	8	4	9	16	17	19	27	27
Depreciation ⓘ	4	3	3	3	4	4	4	4	5	8
Exceptional Items ⓘ	0	0	0	0	0	-13	0	0	0	0
Profit Before Tax ⓘ	3	5	20	33	35	41	17	9	27	28
Tax ⓘ	1	2	7	12	10	11	5	3	15	8
Profit After Tax	2	3	13	20	24	30	13	6	12	20
PAT Margin (%)	2.8%	2.8%	6.6%	8.5%	9.9%	10.2%	6.3%	3.0%	4.0%	5.8%
Adjusted EPS (₹)	1.0	1.7	6.7	8.5	10.1	12.6	5.3	2.6	5.1	8.3
Dividend Payout Ratio (%)	0%	0%	22%	24%	20%	0%	23%	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	22	26	36	75	96	120	133	136	149	168
Share Capital ⓘ	10	10	19	24	24	24	24	24	24	24
Reserves ⓘ	13	16	17	51	72	96	109	112	125	144
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	10	15	0	15	48	65	107	137	111	139
Long Term Debt	0	0	0	1	2	4	6	49	43	40
Short Term Debt	10	15	0	14	47	61	101	88	68	99
Trade Payables	10	19	29	41	75	94	67	48	74	77
Others Liabilities ⓘ	13	51	47	18	14	42	51	36	51	46
Total Liabilities ⓘ	55	111	112	149	234	321	357	358	385	430
Fixed Assets
Gross Block	15	12	32	38	47	37	63	64	90	97
Accumulated Depreciation	0	0	21	24	27	4	8	12	36	44
Net Fixed Assetsⓘ	15	12	11	14	20	33	55	52	54	53
CWIP ⓘ	0	0	0	0	10	23	0	0	9	28
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	16	48	32	15	45	72	72	73	92	111
Trade Receivables	15	19	40	82	82	107	169	148	161	175
Cash Equivalents	4	24	22	18	33	44	37	66	28	34
Others Assetsⓘ	5	8	8	19	44	43	25	19	40	30
Total Assets ⓘ	55	111	112	149	234	321	357	358	385	430

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

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 (%)	9.13	13.29	41.8	36.69	28.27	28.02	10.09	4.67	8.52	12.53
ROCE (%)	17.05	28.53	74.19	57.87	37.27	33.86	15.92	10.72	19.94	19.03
Asset Turnover Ratio	1.16	1.35	1.76	1.84	1.28	1.07	0.6	0.58	0.81	0.84
PAT to CFO Conversion(x)	-5	8.33	1.46	-1.2	0.29	1.3	-2.77	2	1.33	0.85
Working Capital Days
Receivable Days	86	55	54	93	123	116	249	277	188	180
Inventory Days	71	104	74	36	45	71	129	127	101	109
Payable Days	155	119	64	64	123	151	193	57	32	66

RKEC Projects Ltd Stock News

RKEC Projects Ltd FAQs

What is the share price of RKEC Projects?

Company share prices are keep on changing according to the market conditions. The closing price of RKEC Projects on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of RKEC Projects?

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 01-Jan-1970 05:30 the market cap of RKEC Projects stood at ₹254.8.

What is the P/E ratio of RKEC Projects?

The latest P/E ratio of RKEC Projects as of 01-Jan-1970 05:30 is 11.38.

What is the P/B ratio of RKEC Projects?

The latest P/B ratio of RKEC Projects as of 01-Jan-1970 05:30 is 1.47.

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

The 52-week high of RKEC Projects is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of RKEC Projects?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RKEC Projects is ₹387.3 ( Cr.) .

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.