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Prices as of 9 Oct 2026 close · Not investment advice

Patel Engineering Limited

NSE: PATELENGCivil Construction

Share price

₹24.98

+0.40% close of 9 Oct 2026

Market cap ₹2,473 CrP/E 6.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

55

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,473 Cr

P/E ratio

6.3

P/B ratio

0.6

ROCE

13.3%

ROE

8.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹37.3252-week low ₹22.20

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 1.4% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 15.6% to 13.5% over the last four years.

Whether it grew faster than its sector

It grew 15.6% a year against a sector median of 9.1% — 6.5 percentage points faster.

Room to re-rate, or risk of de-rating

At 6.3× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 29.3×, across 5 companies. It is against its own five-year median of 15.4×, the 1st percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 26%.

Profit growthPrice per ₹1 profitPer 1% growth
Patel Engineering Limited — this one26%/yr6.3×₹0.24
Rail Vikas Nigam Limited-13%/yr44.2×—
Kalpataru Projects International Limited36%/yr21.3×₹0.59
IRB Infrastructure Developers Limited8%/yr21.5×₹2.7
NBCC (India) Limited13%/yr29.3×₹2.3
Cemindia Projects Limited68%/yr31.8×₹0.47

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 46 of 89 on returns, 25 of 84 on growth, 41 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 13.3% on capital, ahead of 48% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2743 crore of cash from the business, spent ₹655 crore on plant and equipment, and returned ₹2172 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 704 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 140 days for its cash to waiting 81 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Profit more than doubled on lower interest costs as revenue grew 4%

Announced 10 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,281 Cr

Revenue vs last year

+3.9%

Revenue vs last quarter

-9.9%

Net profit

₹99 Cr

Profit vs last year

+21.6%

Profit vs last quarter

+123.9%

Net margin

7.7%

EPS

₹0.98

Earnings call transcript · 11 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,473 Cr
Prev close
₹24.98
52w High
₹38.2
52w Low
₹22.0
Enterprise value
₹3,139 Cr
Beta
1.3
Price CAGR 1y
-29.0%
Price CAGR 3y
-19.0%
Price CAGR 5y
2.0%
Price CAGR 10y
-9.0%

Ratios

Return on assets
2.8%
PEG ratio
0.2
P/E ratio
6.3
P/B ratio
0.6
EV / EBITDA
4.5
Industry P/E
15.8
ROCE
13.3%
ROCE 5y average
13.4%
ROE
8.9%
Debt / Equity
0.3
Interest coverage
2.0
Dividend yield
0.0%
ROE 3y average
9.0%
ROE last year
9.0%

Annual P&L

Annual revenue
₹5,103 Cr
Annual profit
₹269 Cr
Operating margin
13.0%
Net profit margin
5.3%
EBITDA margin
13.4%
Sales growth 3y
9.5%
Sales growth 5y
20.7%
Profit growth 3y
26.0%
Profit growth 5y
47.0%
EPS
₹2.7
Sales growth TTM
-1.0%
Profit growth TTM
4.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹1,281 Cr
Profit latest quarter
₹98 Cr
YoY quarterly sales growth
3.8%
YoY quarterly profit growth
21.0%
OPM latest quarter
14.0%

Balance Sheet

Book Value
₹44.8
Face Value
₹1.0
Total debt
₹1,216 Cr
Total cash
₹540 Cr
Borrowings
₹1,216 Cr
Reserves / Equity
43.8

Cash Flow

Operating cash flow
₹560 Cr
Free cash flow
₹452 Cr
FCF yield
6.3%
Net cash flow
₹129 Cr

Shareholding

Promoter holding
31.5%
FII holding
3.3%
DII holding
4.8%
Public holding
56.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,654.1528.55,02,7731.044,988.014.067,941.76.714.6
Rail Vikas190.3544.139,6880.87159.518.54,321.210.610.8
Kalpataru Proj.1,430.2022.024,4240.75311.545.16,408.03.818.3
IRB Infra.Devl.17.5021.421,1370.87306.351.32,137.31.87.5
NBCC75.3029.720,3311.30158.017.22,259.5-5.529.3
Cemindia Project1,161.8033.219,9580.24140.82.62,720.95.632.8
Engineers India284.6520.415,9991.81157.9141.5819.8-5.830.4
Patel Engineerin25.026.32,4820.0098.524.61,280.73.813.3
Median128.0015.96790.0011.018.3185.811.815.7

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, IRB Infrastructure Developers Limited, Ircon International Limited, KEC International Limited, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Rail Vikas Nigam Limited, Techno Electric & Engineering Company Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1191,0211,0611,3431,1021,1741,2061,6121,2331,2081,2391,4211,281
Expenses9488819191,1069331,0121,0221,3941,0681,0501,0951,2061,101
Material Cost296322244337380347
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost10991100101111108
Other Expenses988655706656716646
Operating Profit171140142238169162184218165159145215180
OPM %15141318151415141313121514
Other Income12245275254210-623932-14-5325
Exceptional items (within Other Income)-870-31-43-880
Interest88928993847980797376687962
Depreciation22232329262424262526262626
Profit before tax724982190831018952105893757117
Tax %42221626432710332427-1534421
Net Profit433869140557382388173724498
EPS in Rs0.430.410.761.380.540.740.800.360.780.720.710.420.98
Diluted EPS in Rs0.430.870.800.780.420.94

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,4154,0413,8842,2752,3622,6171,9953,3803,8914,5445,0935,1035,150
Expenses2,9193,6423,4631,7431,9852,4321,7502,8503,3303,8544,3454,4174,452
Material Cost9021,282
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost383404
Other Expenses3,0752,733
Operating Profit496399421531377185244530562690749686698
OPM %1510112316712161415151314
Other Income13141165106247202-11583149163-12-9
Exceptional items (within Other Income)-152-162
Interest516602579489370266401420412362322296285
Depreciation80557854506672828198100104105
Profit before tax32-216-719420455-344112218393326288299
Tax %69-945-122243-21391826276
Net Profit10-196-10310515411-29172183290248270287
EPS in Rs0.26-6.04-1.551.582.220.15-3.540.852.023.192.502.712.83
Diluted EPS in Rs2.882.84
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
2%
5 years
21%
3 years
9%
TTM
-1%

Compounded profit growth

10 years
20%
5 years
47%
3 years
26%
TTM
4%

Stock price CAGR

10 years
-9%
5 years
2%
3 years
-19%
1 year
-29%

Return on equity

10 years
5%
5 years
8%
3 years
9%
Last year
9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8816161641474877778499
Reserves1,8851,7052,1232,1442,2602,5062,2732,3362,8113,0763,7004,341
Borrowings5,1635,3954,9822,9102,6982,2962,2962,2921,7581,9101,6641,216
Other Liabilities2,1832,4042,5552,3443,2263,4853,4713,8354,1113,9334,1313,866
Minority Interest-7.822.08
Total Liabilities9,2399,5129,6767,4148,2018,3288,0878,5108,7578,9969,5809,522
Fixed Assets6586226295565786076831,1811,2311,3191,3281,338
CWIP9828378687921,0631,141679283294233171126
Investments18216413814011679688213515518153
Other Assets7,4177,8898,0405,9266,4436,5016,6586,9657,0967,2897,9008,005
Total Assets9,2399,5129,6767,4148,2018,3288,0878,5108,7578,9969,5809,522

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1-48567403836407389514702688279560
Cash from Investing Activity-244272-222245-327-477-121-224-132-1585
Cash from Financing Activity229-311-343-578-513-367-311-340-541-429-346-516
Net Cash Flow-16-86270-4-78554-63126-81129
Free Cash Flow-24187459552523361275371534541190452

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days614624393546796147445443
Inventory Days95
Days Payable210
Cash Conversion Cycle614624393546796147445443
Working Capital Days99108811321411212611401401176681
ROCE %8781110661213141513

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters393939363636363636313131
FIIs2.362.833.373.683.094.745.012.712.532.522.863.28
DIIs6.255.594.486.224.454.514.704.914.755.816.174.76
Public474748505250505252565657
Others4.794.794.794.394.394.394.394.394.393.743.743.74
No. of Shareholders2,00,9412,18,5822,59,6053,40,8514,32,4454,40,7684,46,1124,47,5354,41,7634,57,7414,62,9304,59,866

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -32.8% (₹37.15 → ₹24.98)Brick size ₹0.84 (fixed)Bricks 62
₹30.00₹35.00₹24.98Dec '25Feb '26Apr '26Jun '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹24.98 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

666inr_cr

2026-03-31

order book, Rs crore

14,636inr_cr

2026-06-30

order inflow

64.50inr_cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,16,09,908inr

2026-03-31

News

News and filings about Patel Engineering Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • bitumen
  • cement
  • explosives
  • high-speed diesel (HSD)
  • steel

Depends on the price of

  • cement
  • diesel
  • steel

Sells to

  • Government of Arunachal Pradesh · irrigation / urban-infrastructure works
  • Ircon International Limited · civil / tunnelling contract works (named repeat customer)
  • Maharashtra Water Resources Dept (Nira Deoghar RB project) · irrigation main-canal works (~INR 958 cr) — state govt body, unlisted
  • NEEPCO (North Eastern Electric Power Corp) · hydropower EPC (240 MW HEO, ~INR 711 cr, Arunachal Pradesh) — NTPC subsidiary, unlisted
  • NHPC Limited · hydropower civil & hydro-mechanical EPC works (Teesta-V Pkg-6, Teesta-VI, Subansiri, Diban…
  • NTPC Limited · hydropower / heavy civil works (repeat customer)
  • National Highways Authority of India (NHAI) · roads / highways civil works — statutory body, unlisted
  • SJVN Limited · hydropower civil works (via SAPDC subsidiary, ~900 MW)
  • South Eastern Coalfields Limited (SECL) · civil / mining-infra works — Coal India subsidiary, unlisted

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE244B01030

Business segments

  • Civil Construction · 100%
  • Real estate · 0%

News impact

Big market events that reach Patel Engineering Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

1 Oct 2012unspecified₹0.3
7 Oct 2011unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
21 Sep 2026Janky Patel · Promoter and DirectorUNKNOWN2,92,83,433—
21 Sep 2026Praham India LLP · PromoterUNKNOWN3,23,87,725—

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.