PATELENG

Patel Engineering Limited

EPC contractor for hydropower, irrigation, urban infrastructure and tunnelling projects

Industrials›Construction›Construction›Civil Construction

pateleng.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹24.58
Market cap
2,439 Cr
Stock P/E
8.7
P/B
0.55
ROE (FY26)
6.6%
ROCE (FY26)
10.3%
Operating margin (FY26)
11.4%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY26)
81.9%
OCF / EBITDA (3Y)
76.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Patel Engineering builds hydropower projects, tunnels, irrigation schemes, dams and urban infrastructure as a civil construction contractor, mainly for government and public-sector customers.

Company snapshot

32ndBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Civil Construction
99.7%
1,201 Cr139 Cr0 Cr
Others—0 Cr0.69 Cr0 Cr
Real Estate
0.3%
4 Cr1 Cr0 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.27x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 20251Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,021 Cr1,061 Cr1,343 Cr1,102 Cr1,174 Cr1,206 Cr1,612 Cr1,233 Cr1,208 Cr1,239 Cr1,421 Cr1,281 Cr
Operating expenses (approx.)881 Cr919 Cr1,106 Cr933 Cr1,012 Cr1,022 Cr1,394 Cr1,068 Cr1,050 Cr1,095 Cr1,206 Cr1,101 Cr
EBITDA140 Cr142 Cr238 Cr169 Cr162 Cr184 Cr218 Cr165 Cr159 Cr145 Cr215 Cr180 Cr
OPM %13.7%13.4%17.7%15.3%13.8%15.3%13.5%13.4%13.1%11.7%15.1%14.0%
Other income25 Cr15 Cr31 Cr25 Cr57 Cr60 Cr25 Cr39 Cr63 Cr29 Cr35 Cr25 Cr
Interest92 Cr89 Cr93 Cr84 Cr79 Cr80 Cr79 Cr73 Cr76 Cr68 Cr79 Cr62 Cr
Depreciation23 Cr23 Cr29 Cr26 Cr24 Cr24 Cr26 Cr25 Cr26 Cr26 Cr26 Cr26 Cr
Profit before tax49 Cr82 Cr190 Cr90 Cr101 Cr91 Cr55 Cr106 Cr97 Cr15 Cr68 Cr123 Cr
Tax %22.6%16.4%25.9%39.3%27.4%10.2%—23.8%24.7%-370.1%36.2%20.1%
Net profit38 Cr69 Cr140 Cr55 Cr73 Cr82 Cr38 Cr81 Cr73 Cr72 Cr44 Cr99 Cr
EPS (₹)₹0.46₹0.89₹1.62₹0.65₹0.87₹0.95—₹0.92₹0.84₹0.82₹0.42₹0.98
  1. 1Mar 2025: Derived from year-to-date: the year to 31 Mar 2025 less the quarters to 30 Jun 2024, 30 Sep 2024 and 31 Dec 2024; the filing gives no figures for this quarter alone

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales—2,275 Cr2,362 Cr2,617 Cr1,995 Cr3,380 Cr4,202 Cr4,544 Cr5,093 Cr5,103 CrSign in free for the trailing twelve months
Operating expenses (approx.)—1,744 Cr2,007 Cr2,432 Cr1,760 Cr2,853 Cr3,577 Cr3,854 Cr4,360 Cr4,419 CrSign in free for the trailing twelve months
EBITDA—531 Cr355 Cr185 Cr235 Cr528 Cr625 Cr690 Cr733 Cr684 CrSign in free for the trailing twelve months
OPM %—23.3%15.0%7.1%11.8%15.6%14.9%15.2%14.4%13.4%Sign in free for the trailing twelve months
Other income—243 Cr175 Cr206 Cr109 Cr116 Cr120 Cr89 Cr166 Cr166 CrSign in free for the trailing twelve months
Interest—489 Cr370 Cr266 Cr401 Cr420 Cr418 Cr362 Cr322 Cr296 CrSign in free for the trailing twelve months
Depreciation—54 Cr50 Cr66 Cr72 Cr82 Cr93 Cr98 Cr100 Cr104 CrSign in free for the trailing twelve months
Profit before tax—94 Cr199 Cr35 Cr-362 Cr115 Cr237 Cr394 Cr337 Cr287 CrSign in free for the trailing twelve months
Tax %—-12.0%22.4%67.8%19.6%37.6%22.7%26.3%26.5%6.2%Sign in free for the trailing twelve months
Net profit—105 Cr154 Cr11 Cr-291 Cr72 Cr183 Cr290 Cr248 Cr269 CrSign in free for the trailing twelve months
EPS (₹)—₹6.67₹9.71₹0.39₹-6.78₹1.51₹3.19₹3.64₹2.88₹2.92Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr16 Cr41 Cr47 Cr48 Cr77 Cr77 Cr84 Cr99 Cr
Reserves2,123 Cr2,144 Cr2,260 Cr2,506 Cr2,273 Cr2,336 Cr2,811 Cr3,076 Cr3,700 Cr4,341 Cr
Borrowings4,338 Cr2,872 Cr2,649 Cr2,244 Cr2,236 Cr2,292 Cr1,770 Cr1,910 Cr1,615 Cr1,216 Cr
Other liabilities3,129 Cr2,327 Cr3,219 Cr3,696 Cr3,470 Cr3,763 Cr4,004 Cr3,924 Cr4,187 Cr3,864 Cr
Total liabilities9,676 Cr7,414 Cr8,201 Cr8,520 Cr8,087 Cr8,510 Cr8,750 Cr8,996 Cr9,580 Cr9,522 Cr
Fixed assets (net)597 Cr525 Cr547 Cr578 Cr654 Cr1,151 Cr1,250 Cr1,265 Cr1,304 Cr1,315 Cr
CWIP868 Cr792 Cr1,063 Cr1,141 Cr679 Cr283 Cr294 Cr233 Cr171 Cr126 Cr
Investments138 Cr141 Cr131 Cr106 Cr68 Cr82 Cr124 Cr155 Cr181 Cr53 Cr
Loans & advances——80 Cr85 Cr30 Cr11 Cr6 Cr4 Cr3 Cr5 Cr
Inventories4,855 Cr3,162 Cr3,546 Cr3,566 Cr3,630 Cr3,591 Cr3,744 Cr3,792 Cr4,387 Cr978 Cr
Trade receivables254 Cr241 Cr230 Cr328 Cr434 Cr562 Cr531 Cr554 Cr754 Cr598 Cr
Cash & bank60 Cr132 Cr124 Cr113 Cr195 Cr261 Cr211 Cr339 Cr405 Cr380 Cr
Other assets2,902 Cr2,421 Cr2,479 Cr2,604 Cr2,398 Cr2,571 Cr2,589 Cr2,655 Cr2,375 Cr6,067 Cr
Total assets9,676 Cr7,414 Cr8,201 Cr8,520 Cr8,087 Cr8,510 Cr8,750 Cr8,996 Cr9,580 Cr9,522 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity567 Cr423 Cr—407 Cr12 Cr537 Cr693 Cr688 Cr363 Cr560 Cr
Cash from investing-222 Cr245 Cr—-47 Cr84 Cr-144 Cr-217 Cr-132 Cr-15 Cr85 Cr
Cash from financing-343 Cr-597 Cr—-367 Cr-11 Cr-340 Cr-536 Cr-429 Cr-283 Cr-516 Cr
Net cash flow2 Cr70 Cr—-7 Cr85 Cr54 Cr-60 Cr126 Cr66 Cr122 Cr
Free cash flow (OCF − Capex)448 Cr——355 Cr-122 Cr356 Cr509 Cr529 Cr273 Cr450 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—11.5%11.4%6.2%0.9%11.3%13.8%14.9%12.2%10.3%
ROE %—4.7%6.6%0.4%-12.2%2.5%5.2%9.2%6.4%6.6%
Debtor days—393546796146445443
Inventory days—45045042283528781533138015291770278
Days payable—156015541089959565572752855614
Cash conversion cycle—29833523179219981028854822969-294
OCF / EBITDA %—79.7%—219.8%5.2%101.8%110.8%99.6%49.6%81.9%
OCF / EBITDA % (3 years)—————101.0%89.5%104.1%85.1%76.5%
Debt / equity2.031.331.160.880.960.960.610.610.430.27
Current ratio1.181.291.291.201.461.411.461.481.591.45
Net debt / EBITDA——7.1111.508.703.852.492.281.651.22