RKEC

RKEC Projects Limited

Project execution company for various infrastructure projects

Industrials›Construction›Construction›Civil Construction

rkecprojects.com

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Key metrics

Price as of 2026-10-16

Stock price

₹19.83

Market cap

51 Cr

Stock P/E

5.4

P/B

0.25

Dividend yield

5.6%

ROE (FY25)

10.6%

ROCE (FY25)

12.9%

Operating margin (FY25)

10.1%

Debt / equity (FY25)

1.04

OCF / EBITDA (FY25)

8.5%

OCF / EBITDA (3Y)

31.5%

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.

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What you need to know

RKEC Projects is a Visakhapatnam-based contractor that executes project contracts for clients, including the Radio Jetty Project it was awarded by the Maharashtra Maritime Board.

Company snapshot

86thBy market cap

Ranked among 90 companies in Civil Construction.

What we see

Concerns

✗Only 32% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

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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

Metric	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025¹	Jun 2025	Sept 2025	Dec 2025
Sales	67 Cr	39 Cr	57 Cr	106 Cr	151 Cr	85 Cr	77 Cr	119 Cr	141 Cr	76 Cr	31 Cr	33 Cr
Operating expenses (approx.)	48 Cr	30 Cr	51 Cr	86 Cr	138 Cr	71 Cr	66 Cr	99 Cr	133 Cr	65 Cr	24 Cr	26 Cr
EBITDA	20 Cr	8 Cr	6 Cr	20 Cr	13 Cr	13 Cr	10 Cr	20 Cr	8 Cr	11 Cr	7 Cr	7 Cr
OPM %	29.1%	21.3%	10.0%	19.3%	8.6%	15.9%	13.6%	16.4%	5.7%	14.8%	21.1%	21.0%
Other income	0.31 Cr	0.14 Cr	0.90 Cr	0.09 Cr	2 Cr	0.17 Cr	0.69 Cr	0.50 Cr	6 Cr	0.50 Cr	2 Cr	2 Cr
Interest	7 Cr	2 Cr	3 Cr	4 Cr	5 Cr	4 Cr	4 Cr	6 Cr	5 Cr	5 Cr	3 Cr	5 Cr
Depreciation	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	1 Cr
Profit before tax	11 Cr	4 Cr	1 Cr	14 Cr	9 Cr	7 Cr	5 Cr	11 Cr	7 Cr	5 Cr	2 Cr	2 Cr
Tax %	98.1%	30.1%	27.7%	24.6%	36.8%	27.3%	21.6%	27.4%	—	26.3%	24.5%	27.4%
Net profit	0.21 Cr	3 Cr	0.98 Cr	11 Cr	5 Cr	5 Cr	4 Cr	8 Cr	3 Cr	3 Cr	2 Cr	2 Cr
EPS (₹)	₹0.15	₹1.17	₹0.41	₹4.45	₹2.29	₹2.22	₹1.56	₹3.44	—	₹1.40	₹0.57	₹0.67

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

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	208 Cr	211 Cr	300 Cr	353 Cr	422 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	178 Cr	187 Cr	258 Cr	305 Cr	370 Cr	Sign in free for the trailing twelve months
EBITDA	29 Cr	24 Cr	43 Cr	47 Cr	51 Cr	Sign in free for the trailing twelve months
OPM %	14.2%	11.2%	14.2%	13.4%	12.2%	Sign in free for the trailing twelve months
Other income	3 Cr	3 Cr	4 Cr	4 Cr	7 Cr	Sign in free for the trailing twelve months
Interest	12 Cr	12 Cr	14 Cr	15 Cr	19 Cr	Sign in free for the trailing twelve months
Depreciation	4 Cr	4 Cr	5 Cr	8 Cr	9 Cr	Sign in free for the trailing twelve months
Profit before tax	17 Cr	10 Cr	27 Cr	28 Cr	30 Cr	Sign in free for the trailing twelve months
Tax %	26.9%	29.4%	54.7%	29.3%	33.2%	Sign in free for the trailing twelve months
Net profit	13 Cr	7 Cr	12 Cr	20 Cr	20 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹5.32	₹2.97	₹5.18	₹8.32	₹8.35	Sign in free for the trailing twelve months
Dividend payout %	0.0%	40.4%	0.0%	0.0%	0.0%	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

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	24 Cr	24 Cr	24 Cr	24 Cr	24 Cr
Reserves	106 Cr	113 Cr	125 Cr	145 Cr	165 Cr
Borrowings	107 Cr	137 Cr	111 Cr	139 Cr	195 Cr
Other liabilities	141 Cr	93 Cr	180 Cr	158 Cr	197 Cr
Total liabilities	378 Cr	367 Cr	440 Cr	466 Cr	581 Cr
Fixed assets (net)	55 Cr	52 Cr	54 Cr	53 Cr	103 Cr
CWIP	0.05 Cr	0.05 Cr	9 Cr	28 Cr	7 Cr
Investments	—	—	0 Cr	0 Cr	0 Cr
Loans & advances	—	—	2 Cr	2 Cr	4 Cr
Inventories	95 Cr	74 Cr	121 Cr	120 Cr	207 Cr
Trade receivables	143 Cr	148 Cr	164 Cr	175 Cr	169 Cr
Cash & bank	0.84 Cr	26 Cr	7 Cr	13 Cr	10 Cr
Other assets	85 Cr	67 Cr	83 Cr	74 Cr	81 Cr
Total assets	378 Cr	367 Cr	440 Cr	466 Cr	581 Cr

Cash flows

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

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from operating activity	-35 Cr	12 Cr	16 Cr	24 Cr	4 Cr
Cash from investing	-21 Cr	-2 Cr	5 Cr	-31 Cr	-44 Cr
Cash from financing	53 Cr	15 Cr	-41 Cr	13 Cr	37 Cr
Net cash flow	-3 Cr	25 Cr	-19 Cr	6 Cr	-3 Cr
Free cash flow (OCF − Capex)	-39 Cr	10 Cr	-11 Cr	17 Cr	-54 Cr

Ratios

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
ROCE %	12.2%	8.2%	16.0%	13.9%	12.9%
ROE %	9.9%	5.2%	8.2%	11.8%	10.6%
Debtor days	250	256	199	181	145
Inventory days	166	129	147	125	179
Days payable	127	86	92	80	104
Cash conversion cycle	289	298	254	226	220
OCF / EBITDA %	-119.3%	49.5%	37.7%	51.0%	8.5%
OCF / EBITDA % (3 years)	—	—	-7.8%	45.7%	31.5%
Debt / equity	0.83	1.00	0.75	0.82	1.04
Current ratio	1.33	1.74	1.52	1.51	1.30
Net debt / EBITDA	—	—	2.45	2.66	3.59