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Last Updated: April 2, 2026, 3:28 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531120 | NSE: PATELENG

Patel Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹21.14Overvalued by 11.92%vs CMP ₹24.00

P/E (6.3) × ROE (10.4%) × BV (₹39.60) × DY (2.00%)

₹33.58Undervalued by 39.92%vs CMP ₹24.00
MoS: +28.5% (Adequate)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Fair, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹26.3723%Fair (+9.9%)
Graham NumberEarnings₹47.8517%Under (+99.4%)
Earnings PowerEarnings₹4.7811%Over (-80.1%)
DCFCash Flow₹49.5011%Under (+106.3%)
Net Asset ValueAssets₹39.597%Under (+65%)
EV/EBITDAEnterprise₹52.679%Under (+119.5%)
Earnings YieldEarnings₹25.707%Fair (+7.1%)
ROCE CapitalReturns₹27.337%Under (+13.9%)
Revenue MultipleRevenue₹25.646%Fair (+6.8%)
Consensus (9 models)₹33.58100%Undervalued
Key Drivers: Wide model spread (₹5–₹53) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 24.8%

*Investments are subject to market risks

Investment Snapshot

52
Patel Engineering Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 15.4% GoodROE 10.4% AverageD/E 0.97 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money30/100 · Weak
FII holding down -2.49% (6mo) SellingDII holding up 1.11% MF buyingPromoter decreased by 4.63% Caution
Earnings Quality40/100 · Moderate
OPM stable around 15% SteadyWorking capital: 132 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +10% YoY GrowingProfit (4Q): -25% YoY Declining
Industry Rank65/100 · Strong
P/E 6.3 vs industry 11.2 Cheaper than peersROCE 15.4% vs industry 13.1% Average3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:28 am

Market Cap 2,384 Cr.
Current Price 24.0
Intrinsic Value₹33.58
High / Low 47.0/22.0
Stock P/E6.29
Book Value 39.6
Dividend Yield0.00 %
ROCE15.4 %
ROE10.4 %
Face Value 1.00
PEG Ratio0.25

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

View Share Price Target for Patel Engineering Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Patel Engineering Ltd 2,384 Cr. 24.0 47.0/22.06.29 39.60.00 %15.4 %10.4 % 1.00
Hindustan Construction Company Ltd 3,963 Cr. 15.1 31.5/13.623.8 4.170.00 %25.2 %0.70 % 1.00
Peninsula Land Ltd 547 Cr. 16.5 46.0/13.8 6.210.00 %4.26 %12.3 % 2.00
Tantia Constructions Ltd 348 Cr. 22.4 42.0/19.43.44 19.90.00 %17.2 %36.4 % 1.00
Embassy Developments Ltd 5,761 Cr. 41.4 128/39.5 73.80.00 %3.19 %2.53 % 2.00
Industry Average2,600.60 Cr23.8811.1828.740.00%13.05%12.47%1.40

All Competitor Stocks of Patel Engineering Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9551,2051,1191,0211,0611,3431,1021,1741,2061,6121,2331,2081,239
Expenses 8141,0369488819191,1069331,0121,0221,3941,0681,0501,095
Operating Profit 140169171140142238169162184218165159145
OPM % 15%14%15%14%13%18%15%14%15%14%13%13%12%
Other Income 263512245275254210-623932-14
Interest 1051048892899384798079737668
Depreciation 21212223232926242426252626
Profit before tax 40807249821908310189521058937
Tax % 23%-0%42%22%16%26%43%27%10%33%24%27%-153%
Net Profit 248243386914055738238817372
EPS in Rs 0.270.900.430.410.761.380.540.740.800.360.780.720.71

Last Updated: March 3, 2026, 3:51 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 8:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,7013,4154,0413,8842,2752,3622,6171,9953,3803,8914,5445,0935,293
Expenses 3,2342,9193,6423,4631,7431,9852,4321,7502,8503,3303,8544,3454,606
Operating Profit 467496399421531377185244530562690749687
OPM % 13%15%10%11%23%16%7%12%16%14%15%15%13%
Other Income 9913141165106247202-11583149163-1-5
Interest 438516602579489370266401420412362322296
Depreciation 8280557854506672828198100104
Profit before tax 4632-216-719420455-344112218393326283
Tax % 46%69%-9%45%-12%22%43%-21%39%18%26%27%
Net Profit 2510-196-10310515411-29172183290248264
EPS in Rs 0.510.26-6.04-1.551.582.220.15-3.540.852.023.192.502.57
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-60.00%-2060.00%47.45%201.94%46.67%-92.86%-2745.45%124.74%154.17%58.47%-14.48%
Change in YoY Net Profit Growth (%)0.00%-2000.00%2107.45%154.49%-155.28%-139.52%-2652.60%2870.20%29.42%-95.70%-72.95%

Patel Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:14%
3 Years:15%
TTM:15%
Compounded Profit Growth
10 Years:59%
5 Years:179%
3 Years:58%
TTM:65%
Stock Price CAGR
10 Years:-1%
5 Years:26%
3 Years:16%
1 Year:-35%
Return on Equity
10 Years:4%
5 Years:6%
3 Years:8%
Last Year:10%

Last Updated: September 5, 2025, 12:10 pm

Balance Sheet

Last Updated: December 4, 2025, 1:46 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 88816161641474877778484
Reserves 1,7851,8851,7052,1232,1442,2602,5062,2732,3362,8113,0763,7003,849
Borrowings 4,4785,1635,3954,9822,9102,6982,2962,2962,2921,7581,9101,6151,560
Other Liabilities 2,3372,1832,4042,5552,3443,2263,4853,4713,8354,1113,9334,1804,126
Total Liabilities 8,6089,2399,5129,6767,4148,2018,3288,0878,5108,7578,9969,5809,620
Fixed Assets 6746586226295565786076831,1811,2311,3191,3281,324
CWIP 7869828378687921,0631,141679283294233171168
Investments 134182164138140116796882135155181118
Other Assets 7,0147,4177,8898,0405,9266,4436,5016,6586,9657,0967,2897,9008,009
Total Assets 8,6089,2399,5129,6767,4148,2018,3288,0878,5108,7578,9969,5809,620

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -362-1-48567403836407389514702688363
Cash from Investing Activity + -377-244272-222245-327-477-121-224-132-15
Cash from Financing Activity + 614229-311-343-578-513-367-311-340-541-429-283
Net Cash Flow -125-16-86270-4-78554-6312666
Free Cash Flow -697-24187459552523361275371534541275
CFO/OP -60%11%4%139%54%203%186%164%112%140%114%46%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow463.00491.00394.00417.00529.00375.00183.00242.00528.00561.00689.00748.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 536146243935467961474454
Inventory Days
Days Payable
Cash Conversion Cycle 536146243935467961474454
Working Capital Days 779910881132141121261140140117132
ROCE %8%8%7%8%11%10%6%6%12%13%14%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 39.42%39.42%39.42%39.42%39.42%36.11%36.11%36.11%36.11%36.11%36.11%31.48%
FIIs 2.10%2.38%2.36%2.83%3.37%3.68%3.09%4.74%5.01%2.71%2.53%2.52%
DIIs 9.20%9.25%6.25%5.59%4.48%6.22%4.45%4.51%4.70%4.91%4.75%5.81%
Public 44.49%44.15%47.18%47.37%47.93%49.59%51.96%50.23%49.80%51.88%52.21%56.43%
Others 4.79%4.79%4.79%4.79%4.79%4.39%4.39%4.39%4.39%4.39%4.39%3.74%
No. of Shareholders 1,19,5071,37,0562,00,9412,18,5822,59,6053,40,8514,32,4454,40,7684,46,1124,47,5354,41,7634,57,741

Shareholding Pattern Chart

No. of Shareholders

Patel Engineering Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
JM Small Cap Fund 2,165,000 0.98 6.182,115,0002026-02-23 02:04:362.36%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 2.883.643.191.51-6.78
Diluted EPS (Rs.) 2.883.542.231.49-6.78
Cash EPS (Rs.) 3.985.013.523.14-4.32
Book Value[Excl.RevalReserv]/Share (Rs.) 44.7740.8138.4751.2350.79
Book Value[Incl.RevalReserv]/Share (Rs.) 44.8240.8738.4751.2350.79
Revenue From Operations / Share (Rs.) 60.3258.7454.3270.5442.86
PBDIT / Share (Rs.) 10.6510.079.6313.447.39
PBIT / Share (Rs.) 9.478.818.4311.735.84
PBT / Share (Rs.) 3.865.243.012.34-7.39
Net Profit / Share (Rs.) 2.803.742.311.43-5.86
NP After MI And SOA / Share (Rs.) 2.943.752.371.50-6.25
PBDIT Margin (%) 17.6517.1417.7319.0417.23
PBIT Margin (%) 15.7014.9915.5116.6213.62
PBT Margin (%) 6.398.915.533.31-17.23
Net Profit Margin (%) 4.636.374.252.03-13.68
NP After MI And SOA Margin (%) 4.866.384.362.12-14.57
Return on Networth / Equity (%) 6.559.216.353.01-12.62
Return on Capital Employeed (%) 14.6313.6813.1411.945.93
Return On Assets (%) 2.583.222.090.84-3.59
Long Term Debt / Equity (X) 0.100.170.180.310.33
Total Debt / Equity (X) 0.420.590.600.940.97
Asset Turnover Ratio (%) 0.540.510.480.370.21
Current Ratio (X) 1.571.451.441.411.46
Quick Ratio (X) 0.500.500.440.460.42
Inventory Turnover Ratio (X) 1.250.000.000.000.00
Interest Coverage Ratio (X) 2.792.151.781.530.85
Interest Coverage Ratio (Post Tax) (X) 2.201.601.431.240.85
Enterprise Value (Cr.) 4489.685960.612787.453255.432648.61
EV / Net Operating Revenue (X) 0.881.310.660.961.33
EV / EBITDA (X) 4.997.653.745.067.70
MarketCap / Net Operating Revenue (X) 0.640.960.270.350.27
Price / BV (X) 0.871.400.400.490.23
Price / Net Operating Revenue (X) 0.640.960.270.350.27
EarningsYield 0.070.060.150.06-0.53

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Patel Engineering Ltd. is a Public Limited Listed company incorporated on 02/04/1949 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1949PLC007039 and registration number is 007039. Currently Company is involved in the business activities of Construction and maintenance of power plants. Company's Total Operating Revenue is Rs. 5007.65 Cr. and Equity Capital is Rs. 84.44 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringPatel Estate Road, Jogeshwari (West), Mumbai Maharashtra 400102Contact not found
Management
NamePosition Held
Ms. Janky PatelChairperson & Non Executive Director
Ms. Kavita ShirvaikarManaging Director
Mr. Kishan Lal DagaWhole Time Director
Dr. Emandi Sankara RaoIndependent Director
Dr.(Ms.) Sunanda RajendranIndependent Director
Mr. Shambhu SinghIndependent Director
Mr. Ashwin ParmarIndependent Director

FAQ

What is the intrinsic value of Patel Engineering Ltd and is it undervalued?

As of 10 April 2026, Patel Engineering Ltd's intrinsic value is ₹33.58, which is 39.92% higher than the current market price of ₹24.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (10.4 %), book value (₹39.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Patel Engineering Ltd?

Patel Engineering Ltd is trading at ₹24.00 as of 10 April 2026, with a FY2026-2027 high of ₹47.0 and low of ₹22.0. The stock is currently near its 52-week low. Market cap stands at ₹2,384 Cr..

How does Patel Engineering Ltd's P/E ratio compare to its industry?

Patel Engineering Ltd has a P/E ratio of 6.29, which is below the industry average of 11.18. This is broadly in line with or below the industry average.

Is Patel Engineering Ltd financially healthy?

Key indicators for Patel Engineering Ltd: ROCE of 15.4 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Patel Engineering Ltd profitable and how is the profit trend?

Patel Engineering Ltd reported a net profit of ₹248 Cr in Mar 2025 on revenue of ₹5,093 Cr. Compared to ₹72 Cr in Mar 2022, the net profit shows an improving trend.

Does Patel Engineering Ltd pay dividends?

Patel Engineering Ltd has a dividend yield of 0.00 % at the current price of ₹24.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Patel Engineering Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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