Patel Engineering (NSE: PATELENG) Shares: Shares of the infra-and-construction company Patel Engineering are constantly in focus.
The company’s shares rose by 1.7 percent on Wednesday to Rs 63.55. In the last five business days, these shares have increased by more than 10%.
It has returned up to 320% in the past year. On April 3 of last year, the share price was Rs 14.95.
On February 6, last month, shares of Patel Engineering reached a 52-week high of Rs. 79.
This outstanding performance can be attributed to the large orders that the company has received in the last few months.
The Stock Fell Continuously Earlier
Even though the shares of Patel Engineering have a great return at present, we want to tell you something.
From January 2022 until February 2023 it was a continuous profit. A decline of around 50% was recorded during this time.
The stock has risen 788% since its low in March 2020 of Rs7.10.
Order With Company
The company won a joint-venture order on March 2. The price of the order was Rs. 267.93 crore.
The Irrigation and CAD Department of the Government of Telangana placed the order for the construction of a Reinforced Concrete Concrete (RCC), Security Wall.
In January, the company, in collaboration with Maharashtra Krishna Valley Development Corporation of Pune, was awarded the project for the construction of pipeline distribution networks from Km66 to Km76 and Km77 to Km87 for Neera Deoghar Right Bank Main Canal. The order was received.
Let us inform you that the company has successfully reduced its financing cost from Rs102 crores in Q3 FY23 down to Rs87 crores.
According to the December quarter earnings report, the company had a total orderbook of more than Rs19000 crore (including orders L1) at the end of Q3FY24.
Company Business
Patel Engineering Limited was founded in 1949 and has its headquarters in Mumbai.
It is one of the leading companies in the civil construction industry.
This company specializes in the construction of highways, tunnels, dams, airports, and other infrastructure projects.
About Patel Engineering Ltd
Patel Engineering Ltd is an India-based firm that is involved in engineering and civil construction projects. It is a 74-year-old company with a strong presence in tunnel and underground works for hydroelectric and dam projects.
It is involved in the field of engineering procurement and construction (EPC) and real estate.
The projects that the company is involved in include dams, tunnels micro-runnels, hydroelectric projects, irrigation projects roads, highways, refineries, bridges, railways, real estate, townships, and towns across all segments of the infrastructure sector.
The corporate headquarters is located in Mumbai. The company makes a significant portion of its income by way of its EPC section in India.
Fundamental Analysis of Patel Engineering Ltd
| Market Cap | ₹ 4,881 Cr. |
| Current Price | ₹ 63.1 |
| 52-wk High | ₹ 79.0 |
| 52-wk Low | ₹ 14.6 |
| Stock P/E | 24.3 |
| Book Value | ₹ 38.2 |
| Dividend | 0.00 % |
| ROCE | 13.7 % |
| ROE | 6.93 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.65 |
| OPM | 14.1 % |
| EPS | ₹ 3.00 |
| Debt | ₹ 2,005 Cr. |
| Debt to Equity | 0.68 |
Patel Engineering Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 39.11% |
| Mar 2023 | 39.42% |
| June 2023 | 39.42% |
| Sept 2023 | 39.42% |
| Dec 2023 | 39.42% |
| FII Holding | |
| Dec 2022 | 2.92% |
| Mar 2023 | 2.10% |
| June 2023 | 2.38% |
| Sept 2023 | 2.36% |
| Dec 2023 | 2.83% |
| DII Holding | |
| Dec 2022 | 13.96% |
| Mar 2023 | 9.20% |
| June 2023 | 9.25% |
| Sept 2023 | 6.25% |
| Dec 2023 | 5.59% |
| Public Holding | |
| Dec 2022 | 36.82% |
| Mar 2023 | 44.49% |
| June 2023 | 44.15% |
| Sept 2023 | 47.18% |
| Dec 2023 | 47.37% |
| Others | |
| Dec 2022 | 7.19% |
| Mar 2023 | 4.79% |
| June 2023 | 4.79% |
| Sept 2023 | 4.79% |
| Dec 2023 | 4.79% |
Patel Engineering Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,362 Cr |
| 2020 | ₹ 2,617 Cr |
| 2021 | ₹ 1,995 Cr |
| 2022 | ₹ 3,380 Cr |
| 2023 | ₹ 4,406 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 154 Cr |
| 2020 | ₹ 11 Cr |
| 2021 | ₹ -291 Cr |
| 2022 | ₹ 72 Cr |
| 2023 | ₹ 232 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.16 |
| 2020 | 0.89 |
| 2021 | 0.97 |
| 2022 | 0.95 |
| 2023 | 0.61 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | -1% |
| 3 Years: | 342% |
| Current Year: | 53% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 2% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 7% |
Sales Growth Over 10 Years:
| 10 Years: | 0% |
| 5 Years: | 13% |
| 3 Years: | 17% |
| Current Year: | 16% |
Conclusion
This article is a complete guide about Patel Engineering Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes.
