Patel Engineering Ltd.
•₹ 28.170.11%
2026-08-21
PROS
- Company has delivered good profit growth of 47.8% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.93x)
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.2
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (61.3% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -4.6pp
- Company has a low return on equity of 7.7% over last 3 years
- Equity base is being diluted - shares outstanding up 76.2%
- Contingent liabilities are large at 69.1% of net worth
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | PATELENG | 27.81 | 9.62 | 2759.15 | 0.00 | 98.50 | 21.69 | 1280.74 | 3.83 | 12.61 | 14.53 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,091 | 1,012 | 1,052 | 1,257 | 1,082 | 1,155 | 1,187 | 1,584 | 1,224 | 1,198 | 1,231 | 1,414 | 1,274 | |
| 938 | 877 | 908 | 1,069 | 921 | 1,003 | 1,011 | 1,381 | 1,066 | 1,047 | 1,091 | 1,203 | 1,186 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 24 | 30 | 21 | 34 | 51 | 71 | 64 | 23 | 31 | 63 | 29 | 30 | 22 |
| Interest | 87 | 90 | 88 | 92 | 84 | 79 | 79 | 76 | 71 | 75 | 67 | 78 | 61 |
| Depreciation | 22 | 23 | 23 | 29 | 26 | 24 | 24 | 26 | 26 | 28 | 28 | 27 | 28 |
| 160 | 52 | 56 | 111 | 103 | 105 | 82 | 50 | 92 | 81 | 31 | 92 | 110 | |
| Tax % | 17.31% | 20.01% | 24.26% | 37.29% | 34.01% | 22.12% | 10.35% | 22.15% | 24.55% | 28.38% | -186.64% | 25.62% | 21.88% |
| Net Profit | 132 | 41 | 43 | 70 | 68 | 82 | 74 | 39 | 70 | 58 | 89 | 68 | 86 |
| 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 77 | 77 | 77 | 77 | 84 | 84 | 84 | 84 | 84 | 84 | 99 | 99 | 99 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 77 | 77 | 77 | 77 | 84 | 84 | 84 | 84 | 84 | 84 | 99 | 99 | 99 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,091
- 938
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 87
- Depreciation
- 22
- 160
- Tax %
- 17.31%
- Net Profit
- 132
- 2
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,012
- 877
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 90
- Depreciation
- 23
- 52
- Tax %
- 20.01%
- Net Profit
- 41
- 1
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,052
- 908
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 88
- Depreciation
- 23
- 56
- Tax %
- 24.26%
- Net Profit
- 43
- 1
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,257
- 1,069
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 92
- Depreciation
- 29
- 111
- Tax %
- 37.29%
- Net Profit
- 70
- 1
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 77
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,082
- 921
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 84
- Depreciation
- 26
- 103
- Tax %
- 34.01%
- Net Profit
- 68
- 1
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,155
- 1,003
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 79
- Depreciation
- 24
- 105
- Tax %
- 22.12%
- Net Profit
- 82
- 1
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,187
- 1,011
- Operating Profit
- —
- OPM %
- —
- Other Income
- 64
- Interest
- 79
- Depreciation
- 24
- 82
- Tax %
- 10.35%
- Net Profit
- 74
- 1
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,584
- 1,381
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 76
- Depreciation
- 26
- 50
- Tax %
- 22.15%
- Net Profit
- 39
- 0
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,224
- 1,066
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 71
- Depreciation
- 26
- 92
- Tax %
- 24.55%
- Net Profit
- 70
- 1
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,198
- 1,047
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 75
- Depreciation
- 28
- 81
- Tax %
- 28.38%
- Net Profit
- 58
- 1
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 84
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,231
- 1,091
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 67
- Depreciation
- 28
- 31
- Tax %
- -186.64%
- Net Profit
- 89
- 1
- Equity Capital
- 99
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 99
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,414
- 1,203
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 78
- Depreciation
- 27
- 92
- Tax %
- 25.62%
- Net Profit
- 68
- 1
- Equity Capital
- 99
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 99
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,274
- 1,186
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 61
- Depreciation
- 28
- 110
- Tax %
- 21.88%
- Net Profit
- 86
- 0
- Equity Capital
- 99
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 99
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,061 | 2,724 | 3,610 | 1,966 | 2,404 | 1,587 | 3,040 | 3,497 | 4,111 | 4,654 | 5,116 | |
| 1,664 | 2,195 | 3,154 | 1,689 | 2,280 | 1,419 | 2,582 | 2,957 | 3,491 | 3,962 | 4,528 | |
| Operating Profit | 682 | 899 | 837 | 563 | 440 | 312 | 592 | 685 | 729 | 900 | — |
| OPM % | 33 | 33 | 23 | 29 | 18 | 20 | 19 | 20 | 18 | 19 | — |
| Other Income | 286 | 370 | 381 | 286 | 315 | 143 | 135 | 144 | 109 | 209 | 145 |
| Interest | 629 | 638 | 536 | 323 | 331 | 369 | 393 | 400 | 357 | 319 | 281 |
| Depreciation | 46 | 46 | 44 | 41 | 59 | 64 | 68 | 81 | 97 | 99 | 110 |
| -39 | 107 | 52 | 115 | 61 | -215 | 88 | 198 | 379 | 340 | 314 | |
| Tax % | 24 | 61 | -13 | 28 | 39 | 36 | 37 | 22 | 25 | 23 | 4 |
| Net Profit | -30 | 42 | 59 | 83 | 37 | -138 | 56 | 156 | 286 | 262 | 301 |
| EPS | -4 | 4 | 3 | 3 | 1 | -3 | 1 | 2 | 4 | 3 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | 2 | 3 | 3 | 1 | -3 | 1 | 2 | 4 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | 2 | 3 | 3 | 1 | -3 | 1 | 2 | 4 | 3 | — |
Mar 2016
- 2,061
- 1,664
- Operating Profit
- 682
- OPM %
- 33
- Other Income
- 286
- Interest
- 629
- Depreciation
- 46
- -39
- Tax %
- 24
- Net Profit
- -30
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2017
- 2,724
- 2,195
- Operating Profit
- 899
- OPM %
- 33
- Other Income
- 370
- Interest
- 638
- Depreciation
- 46
- 107
- Tax %
- 61
- Net Profit
- 42
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 3,610
- 3,154
- Operating Profit
- 837
- OPM %
- 23
- Other Income
- 381
- Interest
- 536
- Depreciation
- 44
- 52
- Tax %
- -13
- Net Profit
- 59
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 1,966
- 1,689
- Operating Profit
- 563
- OPM %
- 29
- Other Income
- 286
- Interest
- 323
- Depreciation
- 41
- 115
- Tax %
- 28
- Net Profit
- 83
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 2,404
- 2,280
- Operating Profit
- 440
- OPM %
- 18
- Other Income
- 315
- Interest
- 331
- Depreciation
- 59
- 61
- Tax %
- 39
- Net Profit
- 37
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 1,587
- 1,419
- Operating Profit
- 312
- OPM %
- 20
- Other Income
- 143
- Interest
- 369
- Depreciation
- 64
- -215
- Tax %
- 36
- Net Profit
- -138
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2022
- 3,040
- 2,582
- Operating Profit
- 592
- OPM %
- 19
- Other Income
- 135
- Interest
- 393
- Depreciation
- 68
- 88
- Tax %
- 37
- Net Profit
- 56
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 3,497
- 2,957
- Operating Profit
- 685
- OPM %
- 20
- Other Income
- 144
- Interest
- 400
- Depreciation
- 81
- 198
- Tax %
- 22
- Net Profit
- 156
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 4,111
- 3,491
- Operating Profit
- 729
- OPM %
- 18
- Other Income
- 109
- Interest
- 357
- Depreciation
- 97
- 379
- Tax %
- 25
- Net Profit
- 286
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2025
- 4,654
- 3,962
- Operating Profit
- 900
- OPM %
- 19
- Other Income
- 209
- Interest
- 319
- Depreciation
- 99
- 340
- Tax %
- 23
- Net Profit
- 262
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 5,116
- 4,528
- Operating Profit
- —
- OPM %
- —
- Other Income
- 145
- Interest
- 281
- Depreciation
- 110
- 314
- Tax %
- 4
- Net Profit
- 301
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 14%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 36%
- 5 Years:
- 48%
- 3 Years:
- 68%
STOCK PRICE CAGR
- 10 Years:
- -1%
- 5 Years:
- 15%
- 3 Years:
- -20%
- 1 Year:
- -25%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 4%
- 3 Years:
- 8%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 8 | 16 | 16 | 16 | 41 | 47 | 48 | 77 | 77 | 84 |
| 1,733 | 2,167 | 2,210 | 2,287 | 2,528 | 2,446 | 2,305 | 2,780 | 3,069 | 3,710 | |
| 3,124 | 3,278 | 1,482 | 1,306 | 1,276 | 1,384 | 1,400 | 1,144 | 1,164 | 1,058 | |
| Trade Payables | 573 | 639 | 663 | 884 | 1,305 | 1,123 | 1,256 | 1,477 | 1,855 | 2,099 |
| 3,208 | 2,797 | 2,402 | 2,917 | 2,224 | 2,504 | 2,650 | 2,604 | 2,476 | 2,558 | |
| Total Liabilities | 8,645 | 8,898 | 6,773 | 7,409 | 7,373 | 7,503 | 7,659 | 8,083 | 8,640 | 9,510 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 184 | 293 | 249 | 270 | 301 | 360 | 1,070 | 1,184 | 1,167 | 1,179 | |
| Capital Work in Progress | 101 | 5 | 2 | 3 | 11 | 5 | 5 | 14 | 63 | 25 |
| 515 | 492 | 495 | 601 | 669 | 654 | 258 | 226 | 234 | 266 | |
| 4,076 | 4,259 | 2,685 | 2,874 | 2,824 | 2,852 | 2,922 | 3,259 | 3,632 | 4,202 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 475 | 678 | |
| Cash & Bank | 43 | 52 | 118 | 110 | 107 | 114 | 192 | 171 | 191 | 341 |
| 3,726 | 3,796 | 3,225 | 3,552 | 3,461 | 3,517 | 3,213 | 3,230 | 2,879 | 2,819 | |
| Total Assets | 8,645 | 8,898 | 6,773 | 7,409 | 7,373 | 7,503 | 7,659 | 8,083 | 8,640 | 9,510 |
| Total Debt | 4,834 | 4,474 | 2,403 | 2,215 | 1,904 | 1,919 | 1,991 | 1,542 | 1,732 | 1,491 |
| Net Working Capital | 945 | 522 | 728 | 1,037 | 765 | 1,162 | 1,064 | 1,333 | 1,700 | 2,184 |
| Contingent Liabilities | 1,928 | 1,626 | 1,687 | 1,781 | 2,328 | 3,106 | 2,857 | 3,047 | 2,846 | 2,623 |
| Book Value per Share | 226.59 | 139.05 | 141.79 | 140.22 | 62.93 | 53.54 | 49.09 | 36.94 | 40.62 | 44.89 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 4,834 | 4,474 | 2,403 | 2,215 | 1,904 | 1,919 | 1,991 | 1,542 | 1,732 | 1,491 |
| Net Working Capital | 945 | 522 | 728 | 1,037 | 765 | 1,162 | 1,064 | 1,333 | 1,700 | 2,184 |
| Contingent Liabilities | 1,928 | 1,626 | 1,687 | 1,781 | 2,328 | 3,106 | 2,857 | 3,047 | 2,846 | 2,623 |
| Book Value per Share | 226.59 | 139.05 | 141.79 | 140.22 | 62.93 | 53.54 | 49.09 | 36.94 | 40.62 | 44.89 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 8
- 1,733
- 3,124
- Trade Payables
- 573
- 3,208
- Total Liabilities
- 8,645
- 184
- Capital Work in Progress
- 101
- 515
- 4,076
- 0
- Cash & Bank
- 43
- 3,726
- Total Assets
- 8,645
- Total Debt
- 4,834
- Net Working Capital
- 945
- Contingent Liabilities
- 1,928
- Book Value per Share
- 226.59
- Face Value
- 1.00
- Total Debt
- 4,834
- Net Working Capital
- 945
- Contingent Liabilities
- 1,928
- Book Value per Share
- 226.59
- Face Value
- 1.00
Mar 2017
- Equity Capital
- 16
- 2,167
- 3,278
- Trade Payables
- 639
- 2,797
- Total Liabilities
- 8,898
- 293
- Capital Work in Progress
- 5
- 492
- 4,259
- 0
- Cash & Bank
- 52
- 3,796
- Total Assets
- 8,898
- Total Debt
- 4,474
- Net Working Capital
- 522
- Contingent Liabilities
- 1,626
- Book Value per Share
- 139.05
- Face Value
- 1.00
- Total Debt
- 4,474
- Net Working Capital
- 522
- Contingent Liabilities
- 1,626
- Book Value per Share
- 139.05
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 16
- 2,210
- 1,482
- Trade Payables
- 663
- 2,402
- Total Liabilities
- 6,773
- 249
- Capital Work in Progress
- 2
- 495
- 2,685
- 0
- Cash & Bank
- 118
- 3,225
- Total Assets
- 6,773
- Total Debt
- 2,403
- Net Working Capital
- 728
- Contingent Liabilities
- 1,687
- Book Value per Share
- 141.79
- Face Value
- 1.00
- Total Debt
- 2,403
- Net Working Capital
- 728
- Contingent Liabilities
- 1,687
- Book Value per Share
- 141.79
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 16
- 2,287
- 1,306
- Trade Payables
- 884
- 2,917
- Total Liabilities
- 7,409
- 270
- Capital Work in Progress
- 3
- 601
- 2,874
- 0
- Cash & Bank
- 110
- 3,552
- Total Assets
- 7,409
- Total Debt
- 2,215
- Net Working Capital
- 1,037
- Contingent Liabilities
- 1,781
- Book Value per Share
- 140.22
- Face Value
- 1.00
- Total Debt
- 2,215
- Net Working Capital
- 1,037
- Contingent Liabilities
- 1,781
- Book Value per Share
- 140.22
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 41
- 2,528
- 1,276
- Trade Payables
- 1,305
- 2,224
- Total Liabilities
- 7,373
- 301
- Capital Work in Progress
- 11
- 669
- 2,824
- 0
- Cash & Bank
- 107
- 3,461
- Total Assets
- 7,373
- Total Debt
- 1,904
- Net Working Capital
- 765
- Contingent Liabilities
- 2,328
- Book Value per Share
- 62.93
- Face Value
- 1.00
- Total Debt
- 1,904
- Net Working Capital
- 765
- Contingent Liabilities
- 2,328
- Book Value per Share
- 62.93
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 47
- 2,446
- 1,384
- Trade Payables
- 1,123
- 2,504
- Total Liabilities
- 7,503
- 360
- Capital Work in Progress
- 5
- 654
- 2,852
- 0
- Cash & Bank
- 114
- 3,517
- Total Assets
- 7,503
- Total Debt
- 1,919
- Net Working Capital
- 1,162
- Contingent Liabilities
- 3,106
- Book Value per Share
- 53.54
- Face Value
- 1.00
- Total Debt
- 1,919
- Net Working Capital
- 1,162
- Contingent Liabilities
- 3,106
- Book Value per Share
- 53.54
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 48
- 2,305
- 1,400
- Trade Payables
- 1,256
- 2,650
- Total Liabilities
- 7,659
- 1,070
- Capital Work in Progress
- 5
- 258
- 2,922
- 0
- Cash & Bank
- 192
- 3,213
- Total Assets
- 7,659
- Total Debt
- 1,991
- Net Working Capital
- 1,064
- Contingent Liabilities
- 2,857
- Book Value per Share
- 49.09
- Face Value
- 1.00
- Total Debt
- 1,991
- Net Working Capital
- 1,064
- Contingent Liabilities
- 2,857
- Book Value per Share
- 49.09
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 77
- 2,780
- 1,144
- Trade Payables
- 1,477
- 2,604
- Total Liabilities
- 8,083
- 1,184
- Capital Work in Progress
- 14
- 226
- 3,259
- 0
- Cash & Bank
- 171
- 3,230
- Total Assets
- 8,083
- Total Debt
- 1,542
- Net Working Capital
- 1,333
- Contingent Liabilities
- 3,047
- Book Value per Share
- 36.94
- Face Value
- 1.00
- Total Debt
- 1,542
- Net Working Capital
- 1,333
- Contingent Liabilities
- 3,047
- Book Value per Share
- 36.94
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 77
- 3,069
- 1,164
- Trade Payables
- 1,855
- 2,476
- Total Liabilities
- 8,640
- 1,167
- Capital Work in Progress
- 63
- 234
- 3,632
- 475
- Cash & Bank
- 191
- 2,879
- Total Assets
- 8,640
- Total Debt
- 1,732
- Net Working Capital
- 1,700
- Contingent Liabilities
- 2,846
- Book Value per Share
- 40.62
- Face Value
- 1.00
- Total Debt
- 1,732
- Net Working Capital
- 1,700
- Contingent Liabilities
- 2,846
- Book Value per Share
- 40.62
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 84
- 3,710
- 1,058
- Trade Payables
- 2,099
- 2,558
- Total Liabilities
- 9,510
- 1,179
- Capital Work in Progress
- 25
- 266
- 4,202
- 678
- Cash & Bank
- 341
- 2,819
- Total Assets
- 9,510
- Total Debt
- 1,491
- Net Working Capital
- 2,184
- Contingent Liabilities
- 2,623
- Book Value per Share
- 44.89
- Face Value
- 1.00
- Total Debt
- 1,491
- Net Working Capital
- 2,184
- Contingent Liabilities
- 2,623
- Book Value per Share
- 44.89
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -8 | 405 | 340 | 428 | 394 | 242 | 311 | 537 | 454 | 368 | |
| Cash from Investing | 9 | -30 | 349 | -4 | -64 | -22 | -12 | -130 | -72 | 10 |
| Cash from Financing | -45 | -370 | -625 | -442 | -348 | -206 | -229 | -445 | -367 | -228 |
| -43 | 5 | 65 | -18 | -19 | 13 | 70 | -38 | 16 | 150 | |
| Free Cash Flow | -118 | 346 | 340 | 378 | 301 | 129 | -440 | 386 | 328 | 316 |
| OCF / Net Profit | 0.25 | 9.68 | 5.75 | 5.16 | 10.59 | -1.75 | 5.60 | 3.45 | 1.59 | 1.40 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,247 | 1,494 | 708 | 754 | 705 | 719 |
| OCF / Net Profit | 0.25 | 9.68 | 5.75 | 5.16 | 10.59 | -1.75 | 5.60 | 3.45 | 1.59 | 1.40 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,247 | 1,494 | 708 | 754 | 705 | 719 |
Mar 2016
- -8
- Cash from Investing
- 9
- Cash from Financing
- -45
- -43
- Free Cash Flow
- -118
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
Mar 2017
- 405
- Cash from Investing
- -30
- Cash from Financing
- -370
- 5
- Free Cash Flow
- 346
- OCF / Net Profit
- 9.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 9.68
- Cumulative 5-Year FCF
- 0
Mar 2018
- 340
- Cash from Investing
- 349
- Cash from Financing
- -625
- 65
- Free Cash Flow
- 340
- OCF / Net Profit
- 5.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.75
- Cumulative 5-Year FCF
- 0
Mar 2019
- 428
- Cash from Investing
- -4
- Cash from Financing
- -442
- -18
- Free Cash Flow
- 378
- OCF / Net Profit
- 5.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.16
- Cumulative 5-Year FCF
- 0
Mar 2020
- 394
- Cash from Investing
- -64
- Cash from Financing
- -348
- -19
- Free Cash Flow
- 301
- OCF / Net Profit
- 10.59
- Cumulative 5-Year FCF
- 1,247
- OCF / Net Profit
- 10.59
- Cumulative 5-Year FCF
- 1,247
Mar 2021
- 242
- Cash from Investing
- -22
- Cash from Financing
- -206
- 13
- Free Cash Flow
- 129
- OCF / Net Profit
- -1.75
- Cumulative 5-Year FCF
- 1,494
- OCF / Net Profit
- -1.75
- Cumulative 5-Year FCF
- 1,494
Mar 2022
- 311
- Cash from Investing
- -12
- Cash from Financing
- -229
- 70
- Free Cash Flow
- -440
- OCF / Net Profit
- 5.60
- Cumulative 5-Year FCF
- 708
- OCF / Net Profit
- 5.60
- Cumulative 5-Year FCF
- 708
Mar 2023
- 537
- Cash from Investing
- -130
- Cash from Financing
- -445
- -38
- Free Cash Flow
- 386
- OCF / Net Profit
- 3.45
- Cumulative 5-Year FCF
- 754
- OCF / Net Profit
- 3.45
- Cumulative 5-Year FCF
- 754
Mar 2024
- 454
- Cash from Investing
- -72
- Cash from Financing
- -367
- 16
- Free Cash Flow
- 328
- OCF / Net Profit
- 1.59
- Cumulative 5-Year FCF
- 705
- OCF / Net Profit
- 1.59
- Cumulative 5-Year FCF
- 705
Mar 2025
- 368
- Cash from Investing
- 10
- Cash from Financing
- -228
- 150
- Free Cash Flow
- 316
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 719
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 719
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -3.89 | 2.66 | 3.76 | 5.05 | 0.91 | -2.97 | 1.16 | 2.01 | 3.69 | 3.11 |
| Book Value (₹) | 226.59 | 139.05 | 141.79 | 140.22 | 62.93 | 53.54 | 49.09 | 36.94 | 40.62 | 44.89 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.36 | 3.74 | 4.41 | 5.03 | 2.06 | -1.41 | 2.27 | 2.95 | 4.78 | 4.14 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 33.11% | 33.01% | 23.19% | 28.65% | 18.29% | 19.67% | 19.49% | 19.58% | 15.08% | 14.85% |
| Net Margin % | -1.45% | 1.54% | 1.64% | 4.22% | 1.55% | -8.72% | 1.83% | 4.45% | 6.95% | 5.63% |
| ROE % | -1.74% | 2.13% | 2.68% | 3.66% | 1.53% | -5.47% | 2.29% | 5.97% | 9.52% | 7.56% |
| ROCE % | 9.55% | 11.26% | 10.43% | 9.57% | 8.72% | 3.47% | 11.01% | 13.68% | 15.86% | 12.97% |
| -0.37% | 0.48% | 0.75% | 1.17% | 0.50% | -1.86% | 0.73% | 1.98% | 3.42% | 2.89% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 59 | 29 | 20 | 38 | 40 | 74 | 43 | 43 | 40 | 45 |
| Inventory Days | 635 | 558 | 351 | 516 | 433 | 653 | 347 | 323 | 306 | 307 |
| Payable Days | -304 | -1139 | 151 | -2771 | 4979 | -3362 | 0 | -1560 | -2023 | -2038 |
| 999 | 1726 | 219 | 3325 | -4507 | 4089 | 390 | 1925 | 2369 | 2390 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.78x | 2.05x | 1.08x | 0.96x | 0.74x | 0.77x | 0.85x | 0.54x | 0.55x | 0.39x |
| Interest Coverage (x) | 0.94x | 1.17x | 1.10x | 1.36x | 1.18x | 0.42x | 1.22x | 1.50x | 2.06x | 2.07x |
| 1.22x | 1.11x | 1.24x | 1.34x | 1.23x | 1.39x | 1.32x | 1.39x | 1.45x | 1.55x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 9.10% | 32.16% | 32.53% | -45.54% | 22.30% | -33.98% | 91.51% | 15.04% | 17.56% | 13.18% |
| Operating Profit Growth % | 9.00% | 31.77% | -6.89% | -32.73% | -21.95% | -28.99% | 89.80% | 15.58% | 6.48% | 23.42% |
| Net Profit Growth % | -351.55% | 239.89% | 41.26% | 40.27% | -55.15% | -472.36% | 140.13% | 180.08% | 83.59% | -8.19% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 83.58% | -15.88% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.43x | 12.58x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.40x | 0.87x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.16x | 4.94x |
Mar 2016
- EPS (₹)
- -3.89
- Book Value (₹)
- 226.59
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.36
- Operating Margin %
- 33.11%
- Net Margin %
- -1.45%
- ROE %
- -1.74%
- ROCE %
- 9.55%
- -0.37%
- Debtor Days
- 59
- Inventory Days
- 635
- Payable Days
- -304
- 999
- Debt to Equity (x)
- 2.78x
- Interest Coverage (x)
- 0.94x
- 1.22x
- Revenue Growth %
- 9.10%
- Operating Profit Growth %
- 9.00%
- Net Profit Growth %
- -351.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 2.66
- Book Value (₹)
- 139.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.74
- Operating Margin %
- 33.01%
- Net Margin %
- 1.54%
- ROE %
- 2.13%
- ROCE %
- 11.26%
- 0.48%
- Debtor Days
- 29
- Inventory Days
- 558
- Payable Days
- -1139
- 1726
- Debt to Equity (x)
- 2.05x
- Interest Coverage (x)
- 1.17x
- 1.11x
- Revenue Growth %
- 32.16%
- Operating Profit Growth %
- 31.77%
- Net Profit Growth %
- 239.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 3.76
- Book Value (₹)
- 141.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.41
- Operating Margin %
- 23.19%
- Net Margin %
- 1.64%
- ROE %
- 2.68%
- ROCE %
- 10.43%
- 0.75%
- Debtor Days
- 20
- Inventory Days
- 351
- Payable Days
- 151
- 219
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- 1.10x
- 1.24x
- Revenue Growth %
- 32.53%
- Operating Profit Growth %
- -6.89%
- Net Profit Growth %
- 41.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.05
- Book Value (₹)
- 140.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.03
- Operating Margin %
- 28.65%
- Net Margin %
- 4.22%
- ROE %
- 3.66%
- ROCE %
- 9.57%
- 1.17%
- Debtor Days
- 38
- Inventory Days
- 516
- Payable Days
- -2771
- 3325
- Debt to Equity (x)
- 0.96x
- Interest Coverage (x)
- 1.36x
- 1.34x
- Revenue Growth %
- -45.54%
- Operating Profit Growth %
- -32.73%
- Net Profit Growth %
- 40.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.91
- Book Value (₹)
- 62.93
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.06
- Operating Margin %
- 18.29%
- Net Margin %
- 1.55%
- ROE %
- 1.53%
- ROCE %
- 8.72%
- 0.50%
- Debtor Days
- 40
- Inventory Days
- 433
- Payable Days
- 4979
- -4507
- Debt to Equity (x)
- 0.74x
- Interest Coverage (x)
- 1.18x
- 1.23x
- Revenue Growth %
- 22.30%
- Operating Profit Growth %
- -21.95%
- Net Profit Growth %
- -55.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -2.97
- Book Value (₹)
- 53.54
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.41
- Operating Margin %
- 19.67%
- Net Margin %
- -8.72%
- ROE %
- -5.47%
- ROCE %
- 3.47%
- -1.86%
- Debtor Days
- 74
- Inventory Days
- 653
- Payable Days
- -3362
- 4089
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 0.42x
- 1.39x
- Revenue Growth %
- -33.98%
- Operating Profit Growth %
- -28.99%
- Net Profit Growth %
- -472.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.16
- Book Value (₹)
- 49.09
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.27
- Operating Margin %
- 19.49%
- Net Margin %
- 1.83%
- ROE %
- 2.29%
- ROCE %
- 11.01%
- 0.73%
- Debtor Days
- 43
- Inventory Days
- 347
- Payable Days
- 0
- 390
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- 1.22x
- 1.32x
- Revenue Growth %
- 91.51%
- Operating Profit Growth %
- 89.80%
- Net Profit Growth %
- 140.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.01
- Book Value (₹)
- 36.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.95
- Operating Margin %
- 19.58%
- Net Margin %
- 4.45%
- ROE %
- 5.97%
- ROCE %
- 13.68%
- 1.98%
- Debtor Days
- 43
- Inventory Days
- 323
- Payable Days
- -1560
- 1925
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 1.50x
- 1.39x
- Revenue Growth %
- 15.04%
- Operating Profit Growth %
- 15.58%
- Net Profit Growth %
- 180.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.69
- Book Value (₹)
- 40.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.78
- Operating Margin %
- 15.08%
- Net Margin %
- 6.95%
- ROE %
- 9.52%
- ROCE %
- 15.86%
- 3.42%
- Debtor Days
- 40
- Inventory Days
- 306
- Payable Days
- -2023
- 2369
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 2.06x
- 1.45x
- Revenue Growth %
- 17.56%
- Operating Profit Growth %
- 6.48%
- Net Profit Growth %
- 83.59%
- 83.58%
- P/E (x)
- 15.43x
- P/B (x)
- 1.40x
- Dividend Yield %
- 0.00%
- 8.16x
Mar 2025
- EPS (₹)
- 3.11
- Book Value (₹)
- 44.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.14
- Operating Margin %
- 14.85%
- Net Margin %
- 5.63%
- ROE %
- 7.56%
- ROCE %
- 12.97%
- 2.89%
- Debtor Days
- 45
- Inventory Days
- 307
- Payable Days
- -2038
- 2390
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 2.07x
- 1.55x
- Revenue Growth %
- 13.18%
- Operating Profit Growth %
- 23.42%
- Net Profit Growth %
- -8.19%
- -15.88%
- P/E (x)
- 12.58x
- P/B (x)
- 0.87x
- Dividend Yield %
- 0.00%
- 4.94x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Patel Engineering Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-11 - Patel Engineering Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-06-03 - Patel Engineering Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
May 2026
Feb 2026