R.P.P. Infra Projects Ltd.
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ABOUT
AI Sector View
AI GENERATEDConstruction
Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.
PROS
- Company has delivered good profit growth of 29.2% CAGR over last 5 years
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 19.1% CAGR over last 5 years
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.4
CONS
- Recent results are weak - TTM profit is down 90.8% versus prior year
- Promoter holding has decreased over last 2 years: -11.7pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.60x)
- Equity base is being diluted - shares outstanding up 35.2%
- Contingent liabilities are large at 56.7% of net worth
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3966.00 | 32.89 | 545668.49 | 0.96 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 212.00 | 49.14 | 44202.43 | 0.33 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| KPIL | 1406.55 | 21.14 | 24020.01 | 0.78 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.65 | 24.87 | 23733.27 | 1.32 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1296.70 | 37.03 | 22275.70 | 0.23 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 279.45 | 20.03 | 15706.27 | 1.79 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 979.25 | 26.42 | 11388.64 | 0.71 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| WELENT | 813.00 | 36.82 | 11253.04 | 0.37 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| IRCON | 119.20 | 21.41 | 11210.95 | 1.59 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| KEC | 408.35 | 19.63 | 10870.28 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| AFCONS | 292.55 | 74.36 | 10759.54 | 0.68 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| RPPINFRA | 53.92 | 56.29 | 267.37 | 0.00 | 2.77 | -74.45 | 347.09 | 0.04 | 20.33 | 1.77 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 243 | 372 | 326 | 412 | 336 | 394 | 355 | 346 | 347 | 317 | 380 | 452 | 347 | |
| 230 | 344 | 315 | 407 | 311 | 370 | 328 | 333 | 328 | 296 | 376 | 480 | 346 | |
| Operating Profit | 13 | 28 | 11 | 5 | 25 | 24 | 27 | 13 | 19 | 20 | 4 | -28 | 1 |
| OPM % | 5.50% | 7.50% | 3.43% | 1.15% | 7.38% | 6.10% | 7.51% | 3.68% | 5.51% | 6.43% | 1.00% | -6.24% | 0.31% |
| 6 | 6 | 15 | 23 | 4 | 8 | 6 | 2 | 2 | 4 | 3 | 15 | 3 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 4 | 5 | 4 | 4 | 5 | 4 |
| Depreciation | 2 | 2 | 2 | 4 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 1 |
| Profit before Tax | 15 | 29 | 21 | 20 | 24 | 27 | 27 | 8 | 15 | 18 | 2 | -20 | 4 |
| Tax % | 29.36% | 41.36% | 21.99% | 31.19% | 30.19% | 30.54% | 30.65% | -39.26% | 26.81% | 25.09% | 63.78% | 33.08% | 23.06% |
| Net Profit | 0 | 0 | 0 | 0 | 16 | 19 | 19 | 12 | 11 | 14 | 1 | -13 | 3 |
| 2.76 | 4.49 | 4.24 | 3.59 | 4.35 | 4.97 | 4.95 | 2.35 | 2.19 | 2.79 | 0.13 | -2.65 | 0.56 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 315 | 366 | 499 | 581 | 600 | 513 | 802 | 1,040 | 1,353 | 1,439 | 1,495 | |
| 269 | 318 | 434 | 519 | 543 | 476 | 776 | 996 | 1,287 | 1,341 | 1,498 | |
| Operating Profit | 46 | 48 | 65 | 62 | 57 | 37 | 26 | 45 | 66 | 98 | -3 |
| OPM % | 14.58% | 13.19% | 12.95% | 10.60% | 9.49% | 7.20% | 3.25% | 4.28% | 4.89% | 6.84% | -0.20% |
| 5 | 4 | 7 | 9 | 8 | 11 | 14 | 25 | 50 | 16 | 25 | |
| Interest | 20 | 17 | 19 | 24 | 24 | 20 | 21 | 19 | 21 | 19 | 16 |
| Depreciation | 5 | 5 | 7 | 6 | 7 | 6 | 8 | 9 | 11 | 10 | 8 |
| Profit before Tax | 26 | 30 | 45 | 40 | 34 | 22 | 11 | 42 | 84 | 86 | 4 |
| Tax % | 27.15% | 25.23% | 74.28% | 41.64% | 46.05% | 29.93% | 52.10% | 30.60% | 32.12% | 23.90% | 3.50% |
| Net Profit | 19 | 23 | 12 | 23 | 18 | 16 | 5 | 29 | 57 | 65 | 4 |
| EPS | 8.49 | 10.08 | 5.14 | 10.36 | 8.04 | 5.39 | 1.69 | 8.94 | 15.07 | 13.34 | — |
| Dividend Payout % | 5.89% | 4.96% | 9.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.75% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 18%
- 5 Years:
- 19%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 15%
- 5 Years:
- 30%
- 3 Years:
- 131%
STOCK PRICE CAGR
- 10 Years:
- -9%
- 5 Years:
- -1%
- 3 Years:
- -6%
- 1 Year:
- -64%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 9%
- 3 Years:
- 12%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 24 | 37 | 37 | 38 | 50 |
| 164 | 186 | 197 | 219 | 239 | 256 | 298 | 323 | 384 | 480 | |
| 73 | 100 | 75 | 139 | 97 | 113 | 94 | 79 | 25 | 35 | |
| Trade Payables | 84 | 131 | 84 | 131 | 115 | 131 | 119 | 104 | 125 | 162 |
| 46 | 43 | 146 | 93 | 114 | 111 | 214 | 235 | 261 | 224 | |
| Total Liabilities | 391 | 483 | 525 | 605 | 589 | 634 | 762 | 780 | 833 | 951 |
| 26 | 29 | 31 | 52 | 48 | 47 | 62 | 67 | 65 | 101 | |
| Capital Work in Progress | 4 | 4 | 0 | 4 | 4 | 4 | 3 | 2 | 2 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | |
| 3 | 4 | 18 | 20 | 24 | 11 | 18 | 17 | 21 | 34 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 158 | 184 | |
| Cash & Bank | 25 | 41 | 92 | 49 | 52 | 17 | 42 | 38 | 39 | 22 |
| 333 | 405 | 384 | 480 | 460 | 554 | 637 | 656 | 548 | 603 | |
| Total Assets | 391 | 483 | 525 | 605 | 589 | 634 | 762 | 780 | 833 | 951 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 46 | 42 | 104 | -12 | 74 | 67 | 49 | 51 | 44 | 8 | |
| Cash from Investing | 5 | -7 | -3 | -31 | 1 | -3 | -17 | -12 | -0 | -42 |
| Cash from Financing | -31 | -12 | -16 | 16 | -55 | 7 | 9 | -30 | -42 | 17 |
| 11 | 15 | 52 | -44 | 3 | 55 | 25 | -4 | 2 | -17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 8.49 | 10.08 | 5.14 | 10.36 | 8.04 | 6.55 | 1.46 | 7.73 | 15.07 | 13.34 |
| Book Value (₹) | 81.65 | 91.42 | 96.23 | 105.70 | 114.75 | 117.31 | 91.17 | 96.34 | 110.79 | 106.51 |
| Dividend per Share (₹) | 0.50 | 0.50 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 |
| Cash EPS (₹) | 8.04 | 9.29 | 6.14 | 9.94 | 8.45 | 6.89 | 3.63 | 10.16 | 17.89 | 15.10 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 16.18% | 14.29% | 14.28% | 12.23% | 10.81% | 9.40% | 5.04% | 6.72% | 4.89% | 6.84% |
| Net Margin % | 6.10% | 6.22% | 2.33% | 4.03% | 3.03% | 3.02% | 0.67% | 2.78% | 4.23% | 4.54% |
| ROE % | 11.03% | 11.65% | 5.48% | 10.26% | 7.29% | 5.78% | 1.75% | 8.33% | 14.64% | 13.77% |
| ROCE % | 17.05% | 16.60% | 19.35% | 17.70% | 15.94% | 11.18% | 7.83% | 13.90% | 23.15% | 20.33% |
| 4.75% | 5.22% | 2.31% | 4.14% | 3.04% | 2.54% | 0.77% | 3.76% | 7.09% | 7.32% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 207 | 202 | 131 | 92 | 102 | 114 | 85 | 71 | 47 | 43 |
| Inventory Days | 3 | 4 | 8 | 12 | 14 | 13 | 7 | 6 | 5 | 7 |
| Payable Days | 445 | 413 | 241 | 289 | 289 | 367 | 245 | 127 | 136 | 176 |
| -235 | -208 | -102 | -185 | -173 | -241 | -153 | -50 | -84 | -125 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.44x | 0.47x | 0.66x | 0.54x | 0.37x | 0.41x | 0.28x | 0.22x | 0.10x | 0.07x |
| Interest Coverage (x) | 2.34x | 2.81x | 3.34x | 2.64x | 2.40x | 2.11x | 1.53x | 3.18x | 5.02x | 5.59x |
| 1.81x | 1.75x | 1.67x | 1.79x | 1.82x | 1.65x | 1.61x | 1.65x | 1.77x | 1.67x | |
| GROWTH | ||||||||||
| Revenue Growth % | 18.33% | 16.41% | 36.25% | 16.34% | 3.33% | -14.48% | 56.24% | 29.77% | 30.09% | 6.36% |
| Operating Profit Growth % | 28.16% | 2.77% | 36.15% | -0.38% | -8.61% | -25.69% | -16.26% | 73.25% | 65.73% | -1.59% |
| Net Profit Growth % | 15.67% | 18.76% | -49.01% | 101.46% | -22.43% | -14.65% | -65.42% | 440.30% | 97.51% | 14.14% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 94.96% | -11.50% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.19x | 10.31x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.98x | 1.29x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.36% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.56x | 6.09x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - R.P.P. Infra Projects Limited has informed the Exchange about Annual Report FY 2025-26 to the shareholders whose mail ids are not registered
2026-09-03 - R.P.P. Infra Projects Limited has informed the Exchange about 31st Annual General Meeting
2026-08-27 - R.P.P. Infra Projects Limited has informed the Exchange regarding 'Termination of Work Order from Sports Development Authority of Tamil Nadu'.
2026-08-19 - R.P.P. Infra Projects Limited has informed the Exchange about General Updates on rescheduling of 31st Annual General Meeting
2026-07-31 - R.P.P. Infra Projects Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31 - R.P.P. Infra Projects Limited has informed the Exchange about Credit Rating- Revision
2026-07-30 - R.P.P. Infra Projects Limited has informed the Exchange about Credit Rating- Revision
2026-07-09 - R.P.P. Infra Projects Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-26 - R.P.P. Infra Projects Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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