PATELENGIndustrials

Patel Engineering Limited

Civil Construction · ISIN INE244B01030 · BSE 531120 · NSE EQ · FV ₹1
Last price
₹26
+1.33%today
What this company does

Patel Engineering Limited operates in Civil Construction, part of the Industrials sector. It booked ₹1,281 cr of revenue in its latest quarter (Q1 FY27) and kept 7.4% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns50

How much profit it earns on the money it employs

Balance sheet46

How much it owes, and whether earnings cover the interest

Cash quality89

Whether reported profit actually arrives as cash

Growth & consistency65

Whether sales and profit have grown, and how steadily

Valuation68

What today's price implies, against our models or its peers

Governance & risk31

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 26% vs last year
Turns profit into real cash
Watch-outs
! Thin 7.4% net margin
! 86.6% of promoter stake pledged

What if I invest in PATELENG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹26 +1.33%
latest close · 2026-09-17
1-year return
+65.4%
52-wk low ₹1352-wk high ₹35
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio6.6Low
LowAverageHigh
P/B ratio0.58Below book
Below bookModerateHigh
EV / EBITDA4.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.6%Fair
WeakFairStrong ▸15%
Return on capital12.4%Fair
WeakFairStrong
Net margin7.4%Decent
ThinDecentStrong
EBITDA margin16.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.27Comfortable
LowModerateHigh ▸1
Interest cover2.9×Okay
RiskyOkayStrong ▸5×
Current ratio1.45Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,576 cr
Book value
₹45
EPS
₹0.98
latest quarter
Net debt
₹836 cr
owes more than its cash
Enterprise value
₹3,412 cr
EBITDA
₹820 cr
annualised
EBIT
₹714 cr
annualised
Operating margin
13.9%
Return on assets
4.0%
Earnings yield
15.10%
P/S
0.50
Sales / share
₹51.6
Tax rate
21.2%
Face value
₹1
Shares
99.2 cr
Working capital
₹1,684 cr
Current assets
₹5,431 cr
Current liabilities
₹3,747 cr
Delivery %
54.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹21 vs market price ₹26 — price is 26% above it
Safety cushion-25.6%(target ≥ +20%)
Models span ₹15₹26, midpoint ₹21
Model ₹21
Price ₹26
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,281 cr
Other Income₹25 cr
Total Income₹1,306 cr
Cost of Materials₹347 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹108 cr
Finance Costs₹62 cr
Depreciation & Amortisation₹26 cr
Other Expenses₹646 cr
Total Expenses₹1,189 cr
Profit before Tax₹117 cr
Tax Expense₹25 cr
Share of JV / Associates₹7 cr
Net Profit₹99 cr
Net margin on total income7.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹347 cr26.4%
Employee benefit expense₹108 cr8.2%
Finance costs₹62 cr4.7%
Depreciation & amortisation₹26 cr2.0%
Other expenses₹646 cr49.2%
Tax expense₹25 cr1.9%
Profit for the period₹99 cr7.5%
Total income ₹1,306 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,239 cr1,421 cr1,281 cr
Total income1,269 cr1,456 cr1,306 cr
Expenses1,189 cr1,311 cr1,189 cr
Profit before tax37 cr57 cr117 cr
Tax-56 cr25 cr25 cr
Net profit (owners' share)72 cr71 cr95 cr
Net margin (owners' share, on revenue)5.8%5.0%7.4%
EPS (₹)0.820.420.98
YoY (latest quarter): total income +2.7% · net profit +26.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹9,522 cr
Shareholder equity
₹4,440 cr
parent shareholders
Total debt
₹1,216 cr
Cash
₹380 cr
Cash flow · H1 FY26
Operating
₹380 cr
Investing
₹-48.4 L
Financing
₹-241 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.3
ex 1 Oct 2012
ActionDetailEx-date
Rights issue40:74 Dec 2025
Rights issue2:16 Feb 2023
Rights issue5:717 Sep 2019
Dividend₹0.3 / share1 Oct 2012
Who owns it · 2026-06-30
86.6% pledged
Promoter
31.5%
FII / Foreign
3.3%
DII / Domestic
4.8%
Retail / others
56.7%
Promoter stake down 7.9% over the last 12 quarters.
Smart-money activity
Insider trades
SoldJanky Patel · Promoters15.43 L · ₹3.9 cr26 Mar 26
BoughtRyan Patel · Promoter Group1.50 L · ₹38.0 L26 Mar 26
BoughtJanky Patel · Promoters13.53 L · ₹3.4 cr26 Mar 26
Bulk / block deals
short · NSE2,25320 Jul 26
short · NSE10016 Jun 26
short · NSE13 Jun 26
Stake changes
BoughtJanky Patel · promoter→ 3.49%7 Aug 25
BoughtCatalyst Trusteeship Limited→ 30.92% · 2.93 cr26 Jun 25
BoughtJanky Patel · promoter→ 3.49% · 2.93 cr25 Jun 25
Promoter pledges
PledgedCatalyst Trusteeship Ltd2.98 cr · 2.23% held15 Jun 21
PledgedCatalyst Trusteeship Ltd on behalf of Edificio Engineers Private Ltd Debenture Holders2.98 cr · 2.23% held15 Jun 21
PledgedCatalyst Trusteeship Limited on behalf of edificio Engineeri Pvt Ltd (Debenture Holder)3.33 cr · 0.35% held20 Dec 19
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 18 Dec 2025
See the official result
1
Appointment of Mr. R V R Kishore (DIN: 07402969) as the Whole Time Director
Backed by 88% of shareholders other than promotersneeded 75%
1.39 cr votes for, 19.30 L against · 14% of mutual funds and other big investors said no
2
Enhancement of Remuneration limit of Ms. Kavita Shirvaikar, Managing Director (DIN: 07737376)
Backed by 87% of shareholders other than promotersneeded 75%
1.38 cr votes for, 20.62 L against · 14% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 31.5% between them · as of 2026-06-30
Raahitya Constructions Private Limited24.17%
Praham India LLP4.05%
Janky Rupen Patel3.11%
Alina Rupen Patel0.13%
Ryan Rupen Patel0.03%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹399 cr raised in Dec 2025 by offering new shares to existing shareholders

As of Mar 2026, the company says it has spent 99% of what it set aside, leaving ₹2 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Repayment / prepayment, in full or in part, of certain outstanding borrowings availed by our Company, (including any interest thereon)
100%
₹254 cr of ₹254 cr
General corporate purposes
100%
₹95 cr of ₹95 cr
Issue expenses
96%
₹48 cr of ₹50 cr
Spent by quarter: 12%99% (to Mar 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.