Patel Engineering Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:02 am

Market Cap	4,479 Cr.
Current Price	53.0
High / Low	79.0/46.2
Stock P/E	16.4
Book Value	43.2
Dividend Yield	0.00 %
ROCE	13.9 %
ROE	7.50 %
Face Value	1.00
PEG Ratio	0.30

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Peninsula Land Ltd	1,406 Cr.	45.5	78.2/43.3	24.1	8.73	0.00 %	25.9 %	67.0 %	2.00
Patel Engineering Ltd	4,479 Cr.	53.0	79.0/46.2	16.4	43.2	0.00 %	13.9 %	7.50 %	1.00
Hindustan Construction Company Ltd	7,318 Cr.	43.6	57.5/27.0		1.57	0.00 %	21.4 %	%	1.00
Industry Average	4,401.00 Cr	47.37		20.25	17.83	0.00%	20.40%	37.25%	1.33

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	666	724	878	1,112	901	830	955	1,205	1,119	1,021	1,061	1,343	1,102
Expenses	562	602	732	957	767	712	814	1,036	948	881	919	1,106	933
Operating Profit	104	122	146	155	134	119	140	169	171	140	142	238	169
OPM %	16%	17%	17%	14%	15%	14%	15%	14%	15%	14%	13%	18%	15%
Other Income	30	16	16	24	39	31	26	35	12	24	52	75	25
Interest	106	104	106	104	99	104	105	104	88	92	89	93	84
Depreciation	20	20	21	21	19	20	21	21	22	23	23	29	26
Profit before tax	9	14	36	54	55	25	40	80	72	49	82	190	83
Tax %	129%	39%	19%	37%	32%	48%	23%	-0%	42%	22%	16%	26%	43%
Net Profit	-0	7	27	38	37	23	24	82	43	38	69	140	55
EPS in Rs	-0.01	0.10	0.38	0.53	0.51	0.30	0.31	1.06	0.50	0.49	0.89	1.62	0.63

Last Updated: October 17, 2024, 4:40 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 17, 2024, 4:40 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	4,115	3,701	3,415	4,041	3,884	2,275	2,362	2,617	1,995	3,380	3,891	4,544	4,527
Expenses	3,554	3,234	2,919	3,642	3,463	1,743	1,985	2,432	1,750	2,850	3,330	3,854	3,839
Operating Profit	561	467	496	399	421	531	377	185	244	530	562	690	688
OPM %	14%	13%	15%	10%	11%	23%	16%	7%	12%	16%	14%	15%	15%
Other Income	79	99	131	41	165	106	247	202	-115	83	149	163	175
Interest	437	438	516	602	579	489	370	266	401	420	412	362	358
Depreciation	77	82	80	55	78	54	50	66	72	82	81	98	102
Profit before tax	126	46	32	-216	-71	94	204	55	-344	112	218	393	405
Tax %	41%	46%	69%	-9%	45%	-12%	22%	43%	-21%	39%	18%	26%
Net Profit	74	25	10	-196	-103	105	154	11	-291	72	183	290	302
EPS in Rs	2.59	0.60	0.31	-7.10	-1.82	1.85	2.61	0.18	-4.16	1.00	2.37	3.75	3.63
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-66.22%	-60.00%	-2060.00%	47.45%	201.94%	46.67%	-92.86%	-2745.45%	124.74%	154.17%	58.47%
Change in YoY Net Profit Growth (%)	0.00%	6.22%	-2000.00%	2107.45%	154.49%	-155.28%	-139.52%	-2652.60%	2870.20%	29.42%	-95.70%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	2%
5 Years:	14%
3 Years:	32%
TTM:	9%

Compounded Profit Growth
10 Years:	33%
5 Years:	15%
3 Years:	71%
TTM:	49%

Stock Price CAGR
10 Years:	-2%
5 Years:	33%
3 Years:	26%
1 Year:	-14%

Return on Equity
10 Years:	2%
5 Years:	3%
3 Years:	6%
Last Year:	8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:54 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	7	8	8	8	16	16	16	41	47	48	77	77	84
Reserves	1,621	1,785	1,885	1,705	2,123	2,144	2,260	2,506	2,273	2,336	2,811	3,076	3,566
Borrowings	3,475	4,478	5,163	5,395	4,982	2,910	2,698	2,296	2,296	2,292	1,758	1,910	1,455
Other Liabilities	1,920	2,337	2,183	2,404	2,555	2,344	3,226	3,485	3,471	3,835	4,111	3,933	4,262
Total Liabilities	7,023	8,608	9,239	9,512	9,676	7,414	8,201	8,328	8,087	8,510	8,757	8,996	9,367
Fixed Assets	715	674	658	622	629	556	578	607	683	1,181	1,231	1,319	1,303
CWIP	536	786	982	837	868	792	1,063	1,141	679	283	294	233	205
Investments	113	134	182	164	138	140	116	79	68	82	135	155	317
Other Assets	5,659	7,014	7,417	7,889	8,040	5,926	6,443	6,501	6,658	6,965	7,096	7,289	7,541
Total Assets	7,023	8,608	9,239	9,512	9,676	7,414	8,201	8,328	8,087	8,510	8,757	8,996	9,367

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-1	-362	-1	-48	567	403	836	407	389	514	702	688
Cash from Investing Activity +	-168	-377	-244	272	-222	245	-327	-47	7	-121	-224	-132
Cash from Financing Activity +	177	614	229	-311	-343	-578	-513	-367	-311	-340	-541	-429
Net Cash Flow	8	-125	-16	-86	2	70	-4	-7	85	54	-63	126

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	558.00	463.00	491.00	394.00	417.00	529.00	375.00	183.00	242.00	528.00	561.00	689.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	92	53	61	46	24	39	35	46	79	61	47	44
Inventory Days
Days Payable
Cash Conversion Cycle	92	53	61	46	24	39	35	46	79	61	47	44
Working Capital Days	251	304	358	363	339	379	349	306	539	303	254	225
ROCE %	12%	8%	8%	7%	8%	11%	10%	6%	6%	12%	13%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	54.62%	54.62%	54.62%	54.62%	43.48%	39.11%	39.42%	39.42%	39.42%	39.42%	39.42%	36.11%
FIIs	0.01%	0.51%	0.39%	0.37%	2.98%	2.92%	2.10%	2.38%	2.36%	2.83%	3.37%	3.68%
DIIs	15.02%	15.02%	15.02%	15.03%	13.96%	13.96%	9.20%	9.25%	6.25%	5.59%	4.48%	6.22%
Public	27.61%	27.10%	27.24%	27.25%	32.39%	36.82%	44.49%	44.15%	47.18%	47.37%	47.93%	49.59%
Others	2.75%	2.75%	2.74%	2.74%	7.19%	7.19%	4.79%	4.79%	4.79%	4.79%	4.79%	4.39%
No. of Shareholders	88,665	91,858	92,869	95,245	99,056	1,08,321	1,19,507	1,37,056	2,00,941	2,18,582	2,59,605	3,40,851

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
JM Value Fund	1,906,534	1	10.87	1,906,534	2024-12-20	0%
JM Small Cap Fund	779,797	0.79	4.44	1,906,534	2024-12-20	-59.1%
Groww Nifty Total Market Index Fund	5,848	0.01	0.03	1,906,534	2024-12-20	-99.69%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	3.64	3.19	1.51	-6.78	0.39
Diluted EPS (Rs.)	3.54	2.23	1.49	-6.78	0.39
Cash EPS (Rs.)	5.01	3.52	3.14	-4.32	2.39
Book Value[Excl.RevalReserv]/Share (Rs.)	40.81	38.47	51.23	50.79	62.80
Book Value[Incl.RevalReserv]/Share (Rs.)	40.87	38.47	51.23	50.79	62.80
Revenue From Operations / Share (Rs.)	58.74	54.32	70.54	42.86	64.12
PBDIT / Share (Rs.)	10.07	9.63	13.44	7.39	8.73
PBIT / Share (Rs.)	8.81	8.43	11.73	5.84	7.11
PBT / Share (Rs.)	5.24	3.01	2.34	-7.39	1.34
Net Profit / Share (Rs.)	3.74	2.31	1.43	-5.86	0.76
NP After MI And SOA / Share (Rs.)	3.75	2.37	1.50	-6.25	0.27
PBDIT Margin (%)	17.14	17.73	19.04	17.23	13.62
PBIT Margin (%)	14.99	15.51	16.62	13.62	11.09
PBT Margin (%)	8.91	5.53	3.31	-17.23	2.09
Net Profit Margin (%)	6.37	4.25	2.03	-13.68	1.19
NP After MI And SOA Margin (%)	6.38	4.36	2.12	-14.57	0.42
Return on Networth / Equity (%)	9.21	6.35	3.01	-12.62	0.43
Return on Capital Employeed (%)	13.68	13.14	11.94	5.93	6.72
Return On Assets (%)	3.22	2.09	0.84	-3.59	0.13
Long Term Debt / Equity (X)	0.17	0.18	0.31	0.33	0.36
Total Debt / Equity (X)	0.59	0.60	0.94	0.97	0.88
Asset Turnover Ratio (%)	0.51	0.48	0.37	0.21	0.29
Current Ratio (X)	1.45	1.44	1.41	1.46	1.24
Quick Ratio (X)	0.50	0.44	0.46	0.42	0.35
Interest Coverage Ratio (X)	2.15	1.78	1.53	0.85	1.34
Interest Coverage Ratio (Post Tax) (X)	1.60	1.43	1.24	0.85	1.00
Enterprise Value (Cr.)	5960.61	2787.45	3255.43	2648.61	2531.19
EV / Net Operating Revenue (X)	1.31	0.66	0.96	1.33	0.96
EV / EBITDA (X)	7.65	3.74	5.06	7.70	7.10
MarketCap / Net Operating Revenue (X)	0.96	0.27	0.35	0.27	0.14
Price / BV (X)	1.40	0.40	0.49	0.23	0.14
Price / Net Operating Revenue (X)	0.96	0.27	0.35	0.27	0.14
EarningsYield	0.06	0.15	0.06	-0.53	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 54.20

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 2.26% compared to the current share price 53.00

Intrinsic Value of as of December 22, 2024 is: 83.71

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 57.94% compared to the current share price 53.00

Last 5 Year EPS CAGR: 54.45%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (2.92 cr) and profit (81.08 cr) over the years.	The stock has a low average ROCE of 9.58%, which may not be favorable. The stock has a high average Working Capital Days of 330.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 52.25, which may not be favorable. The company has higher borrowings (3,162.15) compared to reserves (2,314.69), which may suggest financial risk.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 6.37%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 13.68% (Industry Average ROCE: 20.4%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.21% (Industry Average ROE: 37.25%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.6
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.5
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 16.4 (Industry average Stock P/E: 20.25)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.59
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹54.20, which is 2.26% higher than the current market price of ₹53.00. The stock has a market capitalization of 4,479 Cr. and recorded a high/low of 79.0/46.2 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,566 Cr and total liabilities of ₹9,367 Cr.

What is the Market Cap of ?

The Market Cap of is 4,479 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 53.0.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 79.0/46.2.

What is the Stock P/E of ?

The Stock P/E of is 16.4.

What is the Book Value of ?

The Book Value of is 43.2.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 13.9 %.

What is the ROE of ?

The ROE of is 7.50 %.

What is the Face Value of ?

The Face Value of is 1.00.