Construction
Valuation | |
|---|---|
| Market Cap | 2.7 kCr |
| Price/Earnings (Trailing) | 9.11 |
| Price/Sales (Trailing) | 0.5 |
| EV/EBITDA | 5.67 |
| Price/Free Cashflow | 11.32 |
| MarketCap/EBT | 9.55 |
| Enterprise Value | 3.87 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -10.1% |
| Price Change 1M | -4.9% |
| Price Change 6M | -30.2% |
| Price Change 1Y | -39.4% |
| 3Y Cumulative Return | 25.4% |
| 5Y Cumulative Return | 17% |
| 7Y Cumulative Return | 6.9% |
| 10Y Cumulative Return | -2.5% |
| Revenue (TTM) |
| 5.45 kCr |
| Rev. Growth (Yr) | 0.30% |
| Earnings (TTM) | 263.7 Cr |
| Earnings Growth (Yr) | -12.2% |
Profitability | |
|---|---|
| Operating Margin | 8% |
| EBT Margin | 5% |
| Return on Equity | 6.71% |
| Return on Assets | 2.74% |
| Free Cashflow Yield | 8.84% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -14.82 Cr |
| Cash Flow from Operations (TTM) | 363.39 Cr |
| Cash Flow from Financing (TTM) | -283.02 Cr |
| Cash & Equivalents | 391.87 Cr |
| Free Cash Flow (TTM) | 272.96 Cr |
| Free Cash Flow/Share (TTM) | 3.23 |
Balance Sheet | |
|---|---|
| Total Assets | 9.62 kCr |
| Total Liabilities | 5.69 kCr |
| Shareholder Equity | 3.93 kCr |
| Current Assets | 5.84 kCr |
| Current Liabilities | 4.03 kCr |
| Net PPE | 1.3 kCr |
| Inventory | 1.13 kCr |
| Goodwill | 22.97 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.16 |
| Debt/Equity | 0.4 |
| Interest Coverage | -0.04 |
| Interest/Cashflow Ops | 2.17 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend Yield | 0.76% |
| Shares Dilution (1Y) | 17.5% |
| Shares Dilution (3Y) | 92.4% |
Past Returns: Outperforming stock! In past three years, the stock has provided 25.4% return compared to 12.8% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock is suffering a negative price momentum. Stock is down -4.9% in last 30 days.
Past Returns: Outperforming stock! In past three years, the stock has provided 25.4% return compared to 12.8% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock is suffering a negative price momentum. Stock is down -4.9% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.76% |
| Shares Dilution (1Y) | 17.5% |
| Earnings/Share (TTM) | 2.99 |
Financial Health | |
|---|---|
| Current Ratio | 1.45 |
| Debt/Equity | 0.4 |
Technical Indicators | |
|---|---|
| RSI (14d) | 44.49 |
| RSI (5d) | 7.99 |
| RSI (21d) | 44.81 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Patel Engineering's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for Patel Engineering Limited remains optimistic, primarily driven by strong government support for infrastructure and capital expenditure initiatives. The Union Budget 2026 has earmarked capital expenditures of INR 12.2 lakh crores, bolstering the focus on infrastructure growth. Hydropower, with a target to achieve 500 gigawatts of clean energy by 2030, remains a key area.
Key forward-looking points include:
Order Book and Growth: As of December 31, 2025, the order book stands at INR 15,123 crores. Management expects to secure new orders worth between INR 8,000 crores and INR 10,000 crores over the next year, with a robust pipeline of identified projects totaling over INR 50,000 crores. Current bids under evaluation are approximated at INR 12,000 crores.
Revenue Expectations: For Q4 FY '26, management anticipates crossing the INR 5,000 crores revenue mark for the fiscal year with a projected 10% revenue growth for FY '27, maintaining margins around 13%.
Execution and Operational Performance: Significant milestones have been achieved, including the completion of hydropower units at the Subansiri project. Innovations in executing complex projects continue, reinforcing the company's technical capabilities.
Financial Health: The company successfully completed a rights issue worth INR 400 crores, which was 1.1x subscribed, aimed at debt reduction. Total debt decreased to INR 1,433 crores as of December 31, 2025, from INR 1,603 crores in March 2025, reflecting improved financial discipline.
Investment in New Projects: Patel Engineering signed a Memorandum of Agreement for the 144-megawatt Gongri Hydropower Project under a Build-Own-Operate-Transfer (BOOT) model, aimed at strengthening its asset portfolio.
These elements position Patel Engineering to leverage upcoming opportunities while maintaining a focus on execution and profitability.
Understand Patel Engineering ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Raahitya Constructions Private Limited | 24.17% |
| Praham India LLP | 4.05% |
| Patel Engineering Employees Welfare Trust | 3.74% |
| Janky Rupen Patel | 2.97% |
| Neomile Growth Fund - Series I | 1.41% |
| Neomile Corporate Advisory Limited | 1.39% |
| Bank Of Baroda | 1.01% |
Detailed comparison of Patel Engineering against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LT | Larsen & Toubro | 6.03 LCr | 2.83 LCr | +16.30% | +33.70% | 37.06 | 2.13 | - | - |
| IRB | IRB Infrastructure Developers | 24.57 kCr | 8.09 kCr |
Comprehensive comparison against sector averages
PATELENG metrics compared to Construction
| Category | PATELENG | Construction |
|---|---|---|
| PE | 9.11 | 26.47 |
| PS | 0.50 | 1.73 |
| Growth | 9.1 % | 6.7 % |
Patel Engineering Limited, together with its subsidiaries, provides infrastructure and construction services in India and internationally. The company operates in EPC and Real Estate segments. It undertakes dam, tunnel, micro-tunnel, hydroelectric, irrigation, highway, road, bridge, railway, refinery, real estate, and township projects. The company is also involved in the contract-based construction of buildings and landmark structures, such as hotels, theatres, post offices, car parks, sports stadiums, college campuses, office buildings, power stations, and public utility buildings. The company was incorporated in 1949 and is based in Mumbai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
PATELENG vs Construction (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Disha: "What is the order inflow till now for the 9 months?"
Kavita Shirvaikar: "Our order inflow for the 9 months is around INR 3,000 crores. We had aimed for INR 8,000 to INR 10,000 crores this year, but aggressive bidding caused us to maintain discipline on margins. We have INR 12,000 crores in bids under evaluation, and we expect new orders to come in the next few months."
Disha: "What sort of order inflow do we expect for Q4?"
Kavita Shirvaikar: "While exact timings for new projects are uncertain, we anticipate around INR 7,000 to INR 8,000 crores in order inflow for Q4 based on upcoming projects and existing commitments."
Disha: "What execution growth are we expecting for FY '27?"
Kavita Shirvaikar: "We expect to cross INR 5,000 crores in revenue this year with a projected 10% revenue growth for FY '27, alongside maintaining margins around 13%."
Aashka Trivedi: "What is the order book's status regarding tenders submitted?"
Rahul Agarwal: "We have submitted bids worth around INR 30,000 crores. Currently, INR 12,000 crores remain under evaluation, and another INR 50,000 crores are identified for the next year."
Aashka Trivedi: "What are the awards and claims pending?"
Rahul Agarwal: "We have a total of INR 3,000 crores in awards and claims, with about INR 700 crores already awarded and the balance under various stages of arbitration."
Viraj Mahadevia: "What is the net debt after the rights issue?"
Rahul Agarwal: "Post rights issue, our gross debt is about INR 1,400 crores, which includes INR 983 crores as working capital and INR 450 crores as term debt. We also have around INR 250 crores from the rights issue still unutilized."
Nirmam: "Is there pricing pressure affecting order inflows?"
Rahul Agarwal: "Yes, we experienced pricing pressure due to aggressive bidding in the market, hindering our ability to secure some projects while maintaining our margin discipline."
Jay Bharat Trivedi: "What portion of your revenue is expected from the Gongri Project?"
Kavita Shirvaikar: "The Gongri Project, once operational, is expected to generate revenue of around INR 300 crores annually post-construction, which will positively impact our balance sheet."
Sunil Kothari: "How do you maintain your margins in light of rising competition?"
Kavita Shirvaikar: "We focus on our technical strengths and execution capabilities, enabling us to navigate competitive pressures while aiming for disciplined margin maintenance."
This summary captures the major questions and their detailed answers found in the Q&A section of the earnings transcript, respecting character limits.
| Kedia Securities Private Limited | 1.01% |
| Late Patel Rupen Pravin | 0.14% |
| Alina Rupen Patel | 0.13% |
| Late Patel Chandrika Pravin | 0.02% |
| Ryan Rupen Patel | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| -14.90% |
| 32.03 |
| 3.03 |
| - |
| - |
| KEC | KEC International | 15.55 kCr | 24.03 kCr | -10.30% | -23.80% | 22.83 | 0.65 | - | - |
| NCC | NCC | 9.36 kCr | 20.88 kCr | +5.00% | -22.70% | 12.95 | 0.45 | - | - |
| HCC | Hindustan Construction Co. | 4.9 kCr | 4.46 kCr | +1.50% | -31.20% | 17.31 | 1.1 | - | - |
| -33.6% |
| 80 |
| 120 |
| 105 |
| 139 |
| 116 |
| 83 |
| Exceptional items before tax | -38.1% | -43.11 | -30.93 | 0 | -49.71 | -14.76 | 0 |
| Total profit before tax | -59.1% | 37 | 89 | 105 | 89 | 101 | 83 |
| Current tax | -337.1% | -55.9 | 25 | 30 | 11 | 50 | 39 |
| Deferred tax | 34.5% | -0.44 | -1.2 | -4.33 | -1.77 | -22.47 | -3.68 |
| Total tax | -349.3% | -56.34 | 24 | 25 | 9.25 | 28 | 35 |
| Total profit (loss) for period | -1.4% | 72 | 73 | 81 | 82 | 73 | 55 |
| Other comp. income net of taxes | -114.9% | 0.21 | 6.3 | -2.73 | 0.65 | 7.73 | -5.32 |
| Total Comprehensive Income | -9% | 72 | 79 | 78 | 82 | 81 | 49 |
| Earnings Per Share, Basic | -12.5% | 0.82 | 0.84 | 0.92 | 0.95 | 0.87 | 0.65 |
| Earnings Per Share, Diluted | -10% | 0.78 | 0.8 | 0.87 | 0.92 | 0.87 | 0.63 |
| 8.2% |
| 382 |
| 353 |
| 325 |
| 250 |
| 188 |
| 182 |
| Finance costs | -10.7% | 319 | 357 | 400 | 393 | 369 | 331 |
| Depreciation and Amortization | 2.1% | 99 | 97 | 81 | 68 | 64 | 59 |
| Other expenses | 19.7% | 3,032 | 2,534 | 2,047 | 1,537 | 1,054 | 1,637 |
| Total Expenses | 11.5% | 4,734 | 4,246 | 3,757 | 3,031 | 1,984 | 2,621 |
| Profit Before exceptional items and Tax | 75.5% | 482 | 275 | 204 | 131 | -121.13 | 61 |
| Exceptional items before tax | -240% | -141.79 | 103 | -6.08 | -46.36 | -93.91 | 0 |
| Total profit before tax | -10.3% | 340 | 379 | 198 | 85 | -215.04 | 61 |
| Current tax | 89.1% | 88 | 47 | 51 | 27 | 4.95 | 16 |
| Deferred tax | -124% | -9.79 | 46 | -8.31 | 5.72 | -81.6 | 7.64 |
| Total tax | -16.3% | 78 | 93 | 43 | 32 | -76.65 | 24 |
| Total profit (loss) for period | -8.4% | 262 | 286 | 156 | 52 | -138.39 | 37 |
| Other comp. income net of taxes | -335.4% | -2.72 | 2.58 | 0.29 | 0.85 | -3.75 | -0.82 |
| Total Comprehensive Income | -10.1% | 259 | 288 | 156 | 53 | -142.14 | 36 |
| Earnings Per Share, Basic | -21.2% | 3.12 | 3.69 | 2.97 | 0.71 | -3.23 | 1.3 |
| Earnings Per Share, Diluted | -19.3% | 3.09 | 3.59 | 2.1 | 0.71 | -3.23 | 0.89 |
| Debt equity ratio | - | - | - | - | 077 | 084 | - |
| Debt service coverage ratio | - | - | - | - | 054 | 054 | - |
| Interest service coverage ratio | - | - | - | - | 042 | 042 | - |
| 0.8% |
| 1,187 |
| 1,178 |
| 1,126 |
| 1,138 |
| 1,164 |
| 1,168 |
| Capital work-in-progress | -8.3% | 23 | 25 | 35 | 63 | 12 | 14 |
| Non-current investments | 0% | 214 | 214 | 211 | 234 | 237 | 226 |
| Loans, non-current | -3% | 420 | 433 | 432 | 424 | 608 | 604 |
| Total non-current financial assets | -4.9% | 1,530 | 1,608 | 1,591 | 1,616 | 1,784 | 1,748 |
| Total non-current assets | 23.5% | 3,947 | 3,196 | 3,090 | 3,046 | 3,234 | 3,269 |
| Total assets | 1% | 9,476 | 9,378 | 9,149 | 8,689 | 8,393 | 8,131 |
| Borrowings, non-current | -15.3% | 288 | 340 | 355 | 474 | 513 | 406 |
| Total non-current financial liabilities | -3.7% | 1,288 | 1,337 | 1,327 | 1,338 | 1,301 | 1,226 |
| Provisions, non-current | -11.1% | 17 | 19 | 16 | 9.93 | 15 | 16 |
| Total non-current liabilities | -0.5% | 1,626 | 1,634 | 1,771 | 1,724 | 1,713 | 1,825 |
| Borrowings, current | 3.6% | 1,205 | 1,163 | 967 | 1,282 | 1,317 | 1,153 |
| Total current financial liabilities | 2.7% | 3,376 | 3,288 | 3,115 | 3,160 | 2,908 | 2,645 |
| Provisions, current | 10.7% | 10 | 9.13 | 40 | 5.49 | 6.35 | 5.04 |
| Current tax liabilities | - | - | - | 0 | 0 | - | 0 |
| Total current liabilities | -0.7% | 3,922 | 3,949 | 3,715 | 3,820 | 3,651 | 3,449 |
| Total liabilities | -0.6% | 5,548 | 5,583 | 5,487 | 5,543 | 5,364 | 5,274 |
| Equity share capital | 0% | 84 | 84 | 84 | 77 | 77 | 77 |
| Total equity | 3.5% | 3,928 | 3,794 | 3,662 | 3,146 | 3,030 | 2,858 |
| Total equity and liabilities | 1% | 9,476 | 9,378 | 9,149 | 8,689 | 8,393 | 8,131 |
| -6.6% |
| 510 |
| 546 |
| 625 |
| 471 |
| - |
| - |
| Interest received | - | -168.84 | 0 | 0 | 0 | - | - |
| Income taxes paid (refund) | -131.1% | -27 | 91 | 79 | 70 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 0 | -15.53 | - | - |
| Net Cashflows From Operating Activities | -19% | 368 | 454 | 546 | 385 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 1.27 | -34.2 | - | - |
| Proceeds from sales of PPE | -173.8% | -5.64 | 10 | 0 | 0 | - | - |
| Purchase of property, plant and equipment | -49.7% | 91 | 180 | 170 | 151 | - | - |
| Proceeds from sales of investment property | 127.8% | 165 | 73 | 9.2 | 0 | - | - |
| Purchase of investment property | 12827.3% | 113 | 0.12 | 2.98 | 0 | - | - |
| Purchase of intangible assets | - | 0 | 0 | 0 | 0.12 | - | - |
| Proceeds from sales of long-term assets | - | 0 | 0 | 10 | 15 | - | - |
| Interest received | 155% | 52 | 21 | 5.43 | 9.54 | - | - |
| Other inflows (outflows) of cash | - | 2.34 | 0 | 10 | 6.2 | - | - |
| Net Cashflows From Investing Activities | 112.3% | 10 | -72.19 | -139.02 | -86.25 | - | - |
| Proceeds from issuing shares | - | 366 | 0 | 316 | 0 | - | - |
| Proceeds from borrowings | 45.5% | 145 | 100 | 3.27 | 256 | - | - |
| Repayments of borrowings | 184.9% | 474 | 167 | 456 | 200 | - | - |
| Interest paid | -11.4% | 265 | 299 | 0 | 0 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 0 | -284.84 | - | - |
| Net Cashflows from Financing Activities | 37.6% | -228.45 | -366.6 | -445.13 | -228.86 | - | - |
| Net change in cash and cash eq. | 893.3% | 150 | 16 | -38.39 | 70 | - | - |
Analysis of Patel Engineering's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Civil Construction | 100.0% | 1.2 kCr |
| Total | 1.2 kCr |