RKEC

RKEC Projects Limited

Listed company · ISIN INE786W01010 · NSE EQ · FV ₹10
Last price
₹18
-2.74%today
What this company does

RKEC Projects Limited is a listed company. It booked ₹33 cr of revenue in its latest quarter (Q3 FY26) and kept 5.3% of sales as profit.

RKEC Projects Limited is a leading construction services organization with a legacy spanning over 40 years, specializing in civil and defence construction across India. Established as a company in 2005, RKEC has consistently built a strong reputation for delivering high-quality infrastructure projects on time and within budget.
In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

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

Price momentum
oversold
RSI (14)
24

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet20

How much it owes, and whether earnings cover the interest

Cash quality40

Whether reported profit actually arrives as cash

Growth & consistency88

Whether sales and profit have grown, and how steadily

Valuation93

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

Governance & risk46

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

Is this company doing well?
not investment advice
Some things to watch
Strengths
Makes a profit
Promoters hold 58%
Watch-outs
! Thin 5.3% net margin
! Sales down 73% vs last year
! Profit down 79% vs last year
! 75.2% of promoter stake pledged
! Low 3.3% return on equity
! Operating cash flow is negative

What if I invest in RKEC?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹18 -2.74%
latest close · 2026-09-17
1-year return
-76.6%
52-wk low ₹1852-wk high ₹94
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 ratio6.9Low
LowAverageHigh
P/B ratio0.23Below book
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.3%Weak
WeakFairStrong ▸15%
Return on capital11.6%Fair
WeakFairStrong
Net margin5.3%Decent
ThinDecentStrong
EBITDA margin27.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.91Moderate
LowModerateHigh ▸1
Interest cover1.5×Risky
RiskyOkayStrong ▸5×
Current ratio1.49Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹48 cr
Book value
₹81
EPS
₹0.67
latest quarter
Net debt
₹184 cr
owes more than its cash
Enterprise value
₹231 cr
EBITDA
₹35 cr
annualised
EBIT
₹30 cr
annualised
Operating margin
23.2%
Return on assets
1.2%
Earnings yield
14.49%
P/S
0.37
Sales / share
₹50.6
Tax rate
27.4%
Face value
₹10
Shares
2.6 cr
Working capital
₹156 cr
Current assets
₹474 cr
Current liabilities
₹318 cr
Delivery %
74.9%
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 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models value it far above the market price — almost always a data quirk or a value trap, so we won't call it a bargain.
Models span ₹35₹95, midpoint ₹50

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 · Q3 FY26 (consolidated)
Revenue from Operations₹33 cr
Other Income₹2 cr
Total Income₹35 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹23 cr
Total Expenses₹32 cr
Profit before Tax₹2 cr
Tax Expense₹64.8 L
Net Profit₹2 cr
Net margin on total income4.9%
Where the money goes · Q3 FY26
% of total income
Employee benefit expense₹2 cr6.9%
Finance costs₹5 cr15.0%
Depreciation & amortisation₹1 cr3.7%
Other expenses₹23 cr67.6%
Tax expense₹64.8 L1.9%
Profit for the period₹2 cr4.9%
Total income ₹35 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ1 FY26Q2 FY26Q3 FY26
Revenue76 cr31 cr33 cr
Total income77 cr33 cr35 cr
Expenses72 cr30 cr32 cr
Profit before tax5 cr2 cr2 cr
Tax1 cr55.4 L64.8 L
Net profit (owners' share)3 cr2 cr2 cr
Net margin (owners' share, on revenue)4.4%5.5%5.3%
EPS (₹)1.400.570.67
YoY (latest quarter): total income -71.0% · net profit -79.2%
Balance sheet & cash flow · as of Sep 2025
Moderate debt
Total assets
₹580 cr
Shareholder equity
₹209 cr
parent shareholders
Total debt
₹190 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹-4 cr
Investing
₹-1 cr
Financing
₹74.3 L
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1.2
ex 16 Sep 2021
ActionDetailEx-date
Dividend₹1.2 / share16 Sep 2021
Who owns it · 2026-06-30
75.2% pledged
Promoter
57.7%
FII / Foreign
0.1%
DII / Domestic
4.0%
Retail / others
38.2%
Promoter stake down 9.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtG PARVATHI DEVI · Promoters2,00018 Dec 20
BoughtG PARVATHI DEVI · Promoters1,000 · ₹42,00011 Mar 20
BoughtG PARVATHI DEVI · Promoters5,000 · ₹2.4 L20 Aug 19
Bulk / block deals
SoldSONU BABEL · NSE1.38 L @ ₹108.2619 Jun 24
BoughtSONU BABEL · NSE1.38 L @ ₹109.9619 Jun 24
BoughtBHARATI BHARAT KENIA · NSE1.30 L @ ₹79.5515 Mar 24
Stake changes
SoldGarapati Radhakrishna · promoter→ 66.09% · 74,76112 Mar 26
SoldGarapati Radhakrishna · promoter→ 63.80% · 22,58320 Dec 24
SoldGarapati Radhakrishna · promoter→ 64.07% · 16,10911 Dec 24
Promoter pledges
InvokedVivriti Capital Private Ltd12.65 L · 52.22% held2 Jun 26
PledgedVivriti Capital PVt Ltd13.10 L · 47.15% held13 Jan 26
PledgedCSB Bank Ltd25.00 L · 40.32% held20 Sep 24
What shareholders were asked to approve

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.

Yearly shareholder meeting · 18 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company with notes forming part thereof, for the Financial Year ended 31st March 2025 together with the Reports of the Board of the Directors and Auditors thereon
Backed by 99% of shareholders other than promotersneeded 50%
3.53 L votes for, 2,691 against
2
To re-appoint Mr. G V Rama Mohan (DIN: 06602693), who retires by rotation and being eligible, offer himself for re-appointment as a Director
Backed by 98% of shareholders other than promotersneeded 50%
3.48 L votes for, 7,360 against
3
To ratify the remuneration of Cost Auditors of the Company
Backed by 99% of shareholders other than promotersneeded 50%
3.53 L votes for, 2,691 against
4
To appoint Mehta and Mehta, as Secretarial Auditors of the Company
Backed by 99% of shareholders other than promotersneeded 50%
3.53 L votes for, 2,691 against

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 — 9 named members
owning 57.8% between them · as of 2026-06-30
GARAPATI RADHAKRISHNA57.31%
GARAPATI PARVATHI DEVI0.23%
GARAPATI HIMA BINDU SREE0.12%
GARAPATI NAGA PUSHYAMI0.09%
E NAGAMANIno shares
G SURYAKANTHAMno shares
G VENKATA SATYANARAYANAno shares
G VENKATESWARAno shares

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.

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