PATELENG - Patel Engineering Ltd Share Price

Construction

₹41.05-1.11(-2.63%)

Market Closed as of Jun 17, 2025, 15:30 IST

What does Patel Engineering Ltd do?

Civil Construction•Construction•Small Cap

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.

Industry Group:Construction

Employees:4,580

Website:www.pateleng.com

Income Statement for Patel Engineering

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	2.8%	1,187	1,155	1,082	1,257	1,052	1,012
Other Income	-10%	64	71	51	34	21	30
Total Income	2%	1,250	1,225	1,134	1,291	1,073	1,042
Cost of Materials	19.2%	212	178	216	348	161	159
Employee Expense	-1.1%	91	92	91	83	89	92
Finance costs	0%	79	79	84	92	88	90
Depreciation and Amortization	0%	24	24	26	29	23	23
Other expenses	-3.3%	709	733	614	638	657	625
Total Expenses	0.9%	1,115	1,105	1,031	1,190	1,018	990
Profit Before exceptional items and Tax	13.4%	136	120	103	101	55	52
Exceptional items before tax	-245.8%	-53.5	-14.76	0	10	1.18	0
Total profit before tax	-22.1%	82	105	103	111	56	52
Current tax	-80%	10	46	39	-6.63	23	9.44
Deferred tax	88.2%	-1.78	-22.53	-3.54	48	-9.17	0.9
Total tax	-66%	8.49	23	35	41	14	10
Total profit (loss) for period	-9.9%	74	82	68	70	43	41
Other comp. income net of taxes	58.2%	0.26	-0.77	0.3	3.58	0.38	-0.07
Total Comprehensive Income	-8.8%	74	81	68	73	43	41
Earnings Per Share, Basic	-500%	0.88	0.98	0.82	0.9	0.55	0.67
Earnings Per Share, Diluted	-650%	0.85	0.98	0.79	0.88	0.55	0.66

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	15.6%	4,412	3,817	3,028	1,719	2,333	2,070
Other Income	-24.5%	109	144	135	143	350	286
Total Income	14.1%	4,521	3,961	3,162	1,862	2,683	2,356
Cost of Materials	0%	905	905	783	308	403	214
Purchases of stock-in-trade	-	0	0	0	0	9.1	2.3
Employee Expense	8.6%	353	325	250	188	182	155
Finance costs	-10.8%	357	400	393	369	331	323
Depreciation and Amortization	20%	97	81	68	64	59	41
Other expenses	23.8%	2,534	2,047	1,537	1,054	1,637	1,421
Total Expenses	13%	4,246	3,757	3,031	1,984	2,621	2,156
Profit Before exceptional items and Tax	35%	275	204	131	-121.13	61	200
Exceptional items before tax	1540.7%	103	-6.08	-46.36	-93.91	0	-84.43
Total profit before tax	91.9%	379	198	85	-215.04	61	115
Current tax	-8%	47	51	27	4.95	16	93
Deferred tax	583.4%	46	-8.31	5.72	-81.6	7.64	-60.06
Total tax	119%	93	43	32	-76.65	24	32
Total profit (loss) for period	83.9%	286	156	52	-138.39	37	83
Other comp. income net of taxes	322.5%	2.58	0.29	0.85	-3.75	-0.82	0.16
Total Comprehensive Income	85.2%	288	156	53	-142.14	36	83
Earnings Per Share, Basic	36.5%	3.69	2.97	0.71	-3.23	1.3	5.22
Earnings Per Share, Diluted	135.5%	3.59	2.1	0.71	-3.23	0.89	2.97
Debt equity ratio	-	-	-	077	084	-	0.01
Debt service coverage ratio	-	-	-	054	054	-	0.0135
Interest service coverage ratio	-	-	-	042	042	-	0.0136

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	2.7%	1,206	1,174	1,102	1,343	1,061	1,021
Other Income	5.4%	60	57	25	31	15	25
Total Income	2.8%	1,265	1,231	1,126	1,374	1,076	1,046
Cost of Materials	19.2%	212	178	216	348	161	159
Employee Expense	-1.1%	91	92	91	83	89	92
Finance costs	1.3%	80	79	84	93	89	92
Depreciation and Amortization	0%	24	24	26	29	23	23
Other expenses	-3.2%	719	743	626	674	668	630
Total Expenses	1%	1,126	1,115	1,043	1,228	1,031	996
Profit Before exceptional items and Tax	20%	139	116	83	147	45	50
Exceptional items before tax	-221.8%	-49.71	-14.76	0	43	37	-0.66
Total profit before tax	-12%	89	101	83	190	82	49
Current tax	-79.6%	11	50	39	1.15	23	9.96
Deferred tax	88.2%	-1.77	-22.47	-3.68	48	-9.18	1.04
Total tax	-69.4%	9.25	28	35	49	13	11
Total profit (loss) for period	12.5%	82	73	55	140	69	38
Other comp. income net of taxes	-105.2%	0.65	7.73	-5.32	-1.92	1.12	-4.28
Total Comprehensive Income	1.2%	82	81	49	138	70	33
Earnings Per Share, Basic	61.5%	0.95	0.87	0.65	1.62	0.89	0.462
Earnings Per Share, Diluted	38.5%	0.92	0.87	0.63	1.52	0.87	0.462

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	8.1%	4,544	4,202	3,380	1,995	2,617	2,275
Other Income	-26.1%	89	120	116	109	206	243
Total Income	7.2%	4,633	4,322	3,496	2,104	2,823	2,517
Cost of Materials	-8.4%	905	988	853	459	459	255
Purchases of stock-in-trade	-	0	0	0	0	6.6	0
Employee Expense	3.8%	354	341	267	201	194	151
Finance costs	-13.4%	362	418	420	401	266	489
Depreciation and Amortization	5.4%	98	93	82	72	66	54
Other expenses	15.4%	2,595	2,249	1,733	1,100	1,772	1,337
Total Expenses	5.5%	4,314	4,089	3,354	2,234	2,764	2,287
Profit Before exceptional items and Tax	36.5%	319	234	142	-129.65	59	230
Exceptional items before tax	4796.1%	86	-0.81	-30.49	-214.17	-3.89	-136.17
Total profit before tax	74.1%	405	233	112	-343.82	55	94
Current tax	-17.6%	57	69	39	11	21	12
Deferred tax	388.2%	47	-14.96	4.75	-82.08	2.28	-23.41
Total tax	94.3%	104	54	43	-70.88	23	-11.27
Total profit (loss) for period	58.8%	290	183	72	-290.76	11	105
Other comp. income net of taxes	50%	-5.69	-12.39	-7.25	4.53	-2.76	-2.2
Total Comprehensive Income	67.1%	285	171	65	-286.23	8.36	103
Earnings Per Share, Basic	20.5%	3.64	3.19	1.51	-6.78	0.39	6.67
Earnings Per Share, Diluted	106.5%	3.54	2.23	1.49	-6.78	0.39	5.28

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	PATELENG	Construction
PE	10.17	36.69
PS	0.71	1.78
Growth	9 %	7.4 %

Shareholder Name	Holding %
Raahitya Constructions Private Limited	27.52%
Praham India LLP	4.76%
Patel Engineering Employees Welfare Trust	4.39%
Late Patel Rupen Pravint	3.63%
HUF	1.95%
Bank Of Baroda	1.18%
Alina Rupen Patel	0.15%
Late Patel Chandrika Pravin	0.02%
Janky Rupen Patel	0.02%
Ryan Rupen Patel	0.01%

Summary of Latest Earnings Report from Patel Engineering

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.

Earnings Outlook

Last updated: May 25

In the Q4 FY'25 earnings conference call, management provided a comprehensive outlook for Patel Engineering Limited. For FY'25, the company achieved record revenues exceeding Rs. 5,000 crore, totaling Rs. 5,093 crore, a 12% increase from Rs. 4,544 crore in FY'24. The profit before tax rose to Rs. 477 crore from Rs. 319 crore the previous year, although net profit declined to Rs. 242 crore from Rs. 264 crore due to a one-time exceptional loss of around Rs. 150 crore related to the 'Vivad Se Vishwas' scheme.

Key forward-looking points included:

Order Book: As of March 31, 2025, the order book stood at Rs. 15,217 crore, with significant contributions from hydropower projects (66%), irrigation (23%), and tunneling (8%). New orders valued at approximately Rs. 2,500 crore are expected to increase this figure, with a cautious expectation of stable revenues in FY'26.
Market Opportunities: The company is optimistic about upcoming tenders following the suspension of the Indus Water Treaty, which may expedite the approval of large hydropower projects. The management anticipates a pipeline exceeding Rs. 1 lakh crore in expected tenders over the coming periods, and plans to bid around Rs. 40,000 to Rs. 50,000 crore worth of projects, aiming for a 15-20% win rate translating into potential orders worth Rs. 10,000 crore.
Future Growth: While FY'26 is expected to show flat revenue growth due to subdued order inflows in FY'25, management projects around 10-15% growth for FY'27 onwards, contingent on geopolitical factors and execution capacity.

The management emphasized a commitment to sustainable growth and enhancing stakeholder value while preparing for upcoming potential project opportunities in the hydropower sector.

Q&A Session

Last updated: May 25

Major Questions and Answers from the Earnings Transcript

Question 1: Dhananjay Mishra: What is the actual amount we would have received from the "˜Vivad Se Vishwas' Scheme this Financial Year?

Rahul Agarwal: We received around Rs. 350 crores from the "˜Vivad Se Vishwas' Scheme this financial year. No further provisions are expected for FY'26 as the scheme has ended, and we won't see any accounting treatment from it in our FY'26 P&L.

Question 2: Jainam Jain: How many tenders in the hydro segment are we looking to add this year?

Rahul Agarwal: We aim to bid for around Rs. 40,000 to Rs. 50,000 crores worth of projects this year, with a success rate of about 15%-20%.

Question 3: Pritesh Chheda: Are we expecting flat revenues in FY'26?

Kavita Shirvaikar: Yes, due to subdued order inflow last year, we anticipate stable growth in FY'26. However, expectations for growth starting FY'27 are around 10% to 15% as project execution picks up.

Question 4: Rahil S.: Will exceptional losses continue in FY'26?

Rahul Agarwal: No, the "˜Vivad Se Vishwas' scheme is over, so we do not expect to incur further exceptional losses related to that scheme.

Question 5: Viraj: There has been an escalation in material costs. How has it affected margins?

Rahul Agarwal: Overall EBITDA margins remain stable between 13% to 14%. Variations depend on the specific mix of work executed during the quarter, rather than a substantial rise in costs.

Question 6: Rajiv Rupani: What is the timeline to monetize the land bank?

Rahul Agarwal: We are targeting to sell a few key land parcels in the next 2-3 years, while some others will take longer due to anticipated increased value through regional development.

Question 7: Sonali Jain: Will we benefit from hydro projects following the suspension of the Indus Water Treaty?

Rahul Agarwal: Yes, the suspension is expected to expedite project approvals in the region, allowing us to capitalize on upcoming opportunities.

Question 8: P. Jha: What is the expected capacity for future project execution?

Rahul Agarwal: Our employee base has grown to 4,500, and we can scale capacity based on project requirements. We have the capability to take on considerable additional work as new projects are awarded.

Question 9: Rajiv Rupani: Why have we not secured major tunneling orders recently?

Rahul Agarwal: We expect many projects to come up soon, and we will evaluate each project for its viability and required margins before bidding.

Question 10: Priti Agarwal: What caused the decline in margins for Q4 FY'25?

Rahul Agarwal: The variation is due to the specific mix of work executed this quarter, but we maintain a general EBITDA margin range of 13% to 14%.

Each answer concisely summarizes the management's position while incorporating relevant numbers and guidance as seen in the original earnings transcript.

Description	Share	Value
Civil Construction - Continued Operation	98.5%	1.6 kCr
Real Estate	1.5%	23.8 Cr
Total		1.6 kCr

Cash Flow for Patel Engineering

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-10.8%	357	400	393
Change in inventories	-10.3%	-372.33	-337.35	25
Depreciation	20%	97	81	68
Impairment loss / reversal	-123.9%	-4.5	24	46
Unrealised forex losses/gains	68.2%	-4.86	-17.4	-7.24
Adjustments for interest income	-12.2%	73	83	88
Share-based payments	-	0	0	0.04
Net Cashflows from Operations	-12.7%	546	625	471
Income taxes paid (refund)	15.4%	91	79	70
Other inflows (outflows) of cash	-	0	0	-15.53
Net Cashflows From Operating Activities	-16.9%	454	546	385
Cashflows used in obtaining control of subsidiaries	-470.4%	0	1.27	-34.2
Proceeds from sales of PPE	-	10	0	0
Purchase of property, plant and equipment	5.9%	180	170	151
Proceeds from sales of investment property	778%	73	9.2	0
Purchase of investment property	-144.4%	0.12	2.98	0
Purchase of intangible assets	-	0	0	0.12
Proceeds from sales of long-term assets	-111.1%	0	10	15
Interest received	351.5%	21	5.43	9.54
Other inflows (outflows) of cash	-111.1%	0	10	6.2
Net Cashflows From Investing Activities	47.7%	-72.19	-139.02	-86.25
Proceeds from issuing shares	-100.3%	0	316	0
Proceeds from borrowings	4261.2%	100	3.27	256
Repayments of borrowings	-63.5%	167	456	200
Interest paid	-	299	0	0
Other inflows (outflows) of cash	-	0	0	-284.84
Net Cashflows from Financing Activities	17.6%	-366.6	-445.13	-228.86
Net change in cash and cash eq.	138.1%	16	-38.39	70

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-13.4%	362	418	420
Change in inventories	-24%	-212.68	-171.28	21
Depreciation	5.4%	98	93	82
Impairment loss / reversal	-101.2%	0.71	25	22
Unrealised forex losses/gains	56.6%	-4.15	-10.87	-11.87
Adjustments for interest income	-20.3%	48	60	59
Share-based payments	-	0	0	0.04
Net Cashflows from Operations	-0.5%	784	788	619
Income taxes paid (refund)	1.1%	96	95	81
Net Cashflows From Operating Activities	-0.7%	688	693	537
Proceeds from sales of PPE	20%	13	11	0
Purchase of property, plant and equipment	-13.2%	159	183	181
Proceeds from sales of investment property	-	0	0	15
Purchase of investment property	-60.4%	20	49	0
Proceeds from sales of intangible assets	83.3%	0	-4.99	-10.36
Interest received	252.3%	22	6.96	10
Other inflows (outflows) of cash	-109.1%	0	12	8.54
Net Cashflows From Investing Activities	38.9%	-132.34	-217.29	-143.75
Proceeds from issuing shares	-100.3%	0	316	0
Proceeds from borrowings	890%	100	11	272
Repayments of borrowings	-59.7%	212	525	292
Interest paid	-6.2%	317	338	320
Net Cashflows from Financing Activities	19.8%	-429.19	-535.51	-339.79
Net change in cash and cash eq.	304.2%	126	-60.22	54

Balance Sheet for Patel Engineering

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-4.2%	183	191	193	171	213	191
Current investments	-	179	0	0	0	0	0
Loans, current	5.7%	113	107	114	97	99	92
Total current financial assets	4.4%	1,239	1,187	866	836	727	678
Inventories	12.5%	4,085	3,632	3,396	3,259	3,070	2,900
Current tax assets	-	-	136	67	81	39	-
Total current assets	7.4%	6,059	5,643	5,160	4,863	4,645	4,366
Property, plant and equipment	-1.1%	1,126	1,138	1,164	1,168	1,086	1,155
Capital work-in-progress	-45.2%	35	63	12	14	7.16	5.42
Non-current investments	-9.9%	211	234	237	226	258	638
Loans, non-current	1.9%	432	424	608	604	613	357
Total non-current financial assets	-1.5%	1,591	1,616	1,784	1,748	1,435	1,648
Total non-current assets	1.4%	3,090	3,046	3,234	3,269	3,269	3,570
Total assets	5.3%	9,149	8,689	8,393	8,131	7,914	7,937
Borrowings, non-current	-25.2%	355	474	513	406	593	609
Total non-current financial liabilities	-0.8%	1,327	1,338	1,301	1,226	1,337	1,353
Provisions, non-current	68%	16	9.93	15	16	12	14
Total non-current liabilities	2.7%	1,771	1,724	1,713	1,825	2,063	2,059
Borrowings, current	-24.6%	967	1,282	1,317	1,153	1,370	1,411
Total current financial liabilities	-1.4%	3,115	3,160	2,908	2,645	2,766	2,678
Provisions, current	768.6%	40	5.49	6.35	5.04	4.89	5.81
Current tax liabilities	-	0	0	-	0	-	-
Total current liabilities	-2.7%	3,715	3,820	3,651	3,449	3,408	3,323
Total liabilities	-1%	5,487	5,543	5,364	5,274	5,471	5,382
Equity share capital	9.2%	84	77	77	77	52	48
Total equity	16.4%	3,662	3,146	3,030	2,858	2,443	2,555
Total equity and liabilities	5.3%	9,149	8,689	8,393	8,131	7,914	7,937

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-27.2%	247	339	258	211	251	261
Current investments	-	252	0	0	0	0	0
Loans, current	-39.8%	2.53	3.54	17	6.01	14	11
Total current financial assets	2.5%	1,344	1,311	900	977	836	906
Inventories	12.2%	4,253	3,792	3,776	3,744	3,676	3,591
Current tax assets	-95.4%	7.74	146	83	95	53	12
Total current assets	6.7%	6,362	5,962	5,617	5,538	5,418	5,358
Property, plant and equipment	-1%	1,252	1,265	1,189	1,250	1,169	1,151
Capital work-in-progress	-12.1%	205	233	295	294	287	283
Goodwill	0%	25	25	25	28	28	28
Non-current investments	-58.4%	65	155	126	124	128	82
Loans, non-current	3.8%	84	81	82	89	94	77
Total non-current financial assets	-8.9%	1,080	1,185	1,177	1,197	888	842
Total non-current assets	-1%	3,005	3,034	3,061	3,212	3,176	3,152
Total assets	4.1%	9,367	8,996	8,678	8,750	8,594	8,510
Borrowings, non-current	-24.4%	431	570	627	544	755	780
Total non-current financial liabilities	-2%	1,407	1,435	1,418	1,385	1,524	1,548
Provisions, non-current	66.7%	16	10	15	18	14	15
Total non-current liabilities	1.5%	1,846	1,818	1,826	1,982	2,248	2,252
Borrowings, current	-23.6%	1,024	1,340	1,378	1,226	1,466	1,512
Total current financial liabilities	-1.3%	3,196	3,238	3,007	2,804	2,929	2,858
Provisions, current	611.1%	33	5.5	6.36	5.15	5	5.96
Total current liabilities	-3.4%	3,882	4,017	3,907	3,792	3,793	3,803
Total liabilities	-1.8%	5,728	5,834	5,732	5,774	6,041	6,055
Equity share capital	9.2%	84	77	77	77	52	48
Non controlling interest	-279.5%	-11.76	8.11	-7.27	88	78	71
Total equity	15.1%	3,638	3,162	2,945	2,976	2,553	2,455
Total equity and liabilities	4.1%	9,367	8,996	8,678	8,750	8,594	8,510

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LT	Larsen & ToubroCivil Construction	4.98 LCr	2.52 LCr	+0.52%	-1.75%	30.14	1.97	+16.75%	+10.26%
IRB	IRB Infrastructure DevelopersCivil Construction	29.71 kCr	8.32 kCr	-3.93%	-26.76%	4.6	3.57	+12.47%	+1079.85%
KEC	KEC InternationalCivil Construction	23.81 kCr	21.2 kCr	+11.73%	-4.38%	52.41	1.12	+9.69%	+70.02%
NCC	NCCCivil Construction	14.17 kCr	22.7 kCr	-0.64%	-31.31%	16.83	0.62	+16.85%	+19.48%
HCC	Hindustan Construction Co.Civil Construction	5.73 kCr	6.15 kCr	+3.55%	-35.24%	21.35	0.93	-32.24%	-36.38%

Valuation
Market Cap	3.47 kCr
Price/Earnings (Trailing)	9.9
Price/Sales (Trailing)	0.69
EV/EBITDA	3.84
Price/Free Cashflow	7.99
MarketCap/EBT	7.47

Fundamentals
Revenue (TTM)	5 kCr
Rev. Growth (Yr)	17.56%
Rev. Growth (Qtr)	2.77%
Earnings (TTM)	350.03 Cr
Earnings Growth (Yr)	18.43%
Earnings Growth (Qtr)	10.99%

Profitability
Operating Margin	9.7%
EBT Margin	9.28%
Return on Equity	9.62%
Return on Assets	3.74%
Free Cashflow Yield	12.52%

Investor Care
Shares Dilution (1Y)	9.15%
Diluted EPS (TTM)	3.94

PATELENG - Patel Engineering Ltd Share Price

What does Patel Engineering Ltd do?

Income Statement for Patel Engineering

Sector Comparison: PATELENG vs Construction

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from Patel Engineering

Major Questions and Answers from the Earnings Transcript

Revenue Breakdown

Cash Flow for Patel Engineering

Balance Sheet for Patel Engineering

Is Patel Engineering Better than it's peers?

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Financial Health
Current Ratio	1.64
Debt/Equity	0.4