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5311

Patel Engineering BSE:531120 Stock Report

Last Price

₹26.65

Market Cap

₹13.4b

7D

8.6%

1Y

64.6%

Updated

17 Aug, 2022

Data

Company Financials
531120 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

531120 Stock Overview

Patel Engineering Limited, together with its subsidiaries, provides infrastructure and construction services in India and internationally.

Patel Engineering Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Patel Engineering
Historical stock prices
Current Share Price₹26.65
52 Week High₹34.95
52 Week Low₹15.00
Beta1.36
1 Month Change18.18%
3 Month Change4.31%
1 Year Change64.61%
3 Year Change131.54%
5 Year Change-61.96%
Change since IPO96.05%

Recent News & Updates

Shareholder Returns

531120IN ConstructionIN Market
7D8.6%0.8%2.7%
1Y64.6%8.1%9.8%

Return vs Industry: 531120 exceeded the Indian Construction industry which returned 7% over the past year.

Return vs Market: 531120 exceeded the Indian Market which returned 9.1% over the past year.

Price Volatility

Is 531120's price volatile compared to industry and market?
531120 volatility
531120 Average Weekly Movement6.9%
Construction Industry Average Movement6.5%
Market Average Movement6.3%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 531120 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 531120's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19494,273Rupen Patelhttps://www.pateleng.com

Patel Engineering Limited, together with its subsidiaries, provides infrastructure and construction services in India and internationally. It undertakes hydro-power and transport projects, water works, urban structures, and micro tunnelling projects; and residential and commercial real estate projects. The company was incorporated in 1949 and is based in Mumbai, India.

Patel Engineering Fundamentals Summary

How do Patel Engineering's earnings and revenue compare to its market cap?
531120 fundamental statistics
Market Cap₹13.41b
Earnings (TTM)₹1.14b
Revenue (TTM)₹36.88b

11.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
531120 income statement (TTM)
Revenue₹36.88b
Cost of Revenue₹26.85b
Gross Profit₹10.03b
Other Expenses₹8.90b
Earnings₹1.14b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.26
Gross Margin27.20%
Net Profit Margin3.08%
Debt/Equity Ratio93.4%

How did 531120 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 531120 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 531120?

Other financial metrics that can be useful for relative valuation.

531120 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA6.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 531120's PE Ratio compare to its peers?

531120 PE Ratio vs Peers
The above table shows the PE ratio for 531120 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average47.1x
509496 ITD Cementation India
19.1x33.9%₹15.4b
542851 Gensol Engineering
135.1xn/a₹15.0b
532430 BF Utilities
15.8xn/a₹14.4b
522263 JMC Projects (India)
25.5xn/a₹15.2b
531120 Patel Engineering
11.8xn/a₹13.4b

Price-To-Earnings vs Peers: 531120 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (47.1x).


Price to Earnings Ratio vs Industry

How does 531120's PE Ratio compare vs other companies in the IN Construction Industry?

Price-To-Earnings vs Industry: 531120 is good value based on its Price-To-Earnings Ratio (11.8x) compared to the Indian Construction industry average (18.1x)


Price to Earnings Ratio vs Fair Ratio

What is 531120's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

531120 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 531120's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 531120 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 531120 (₹26.65) is trading below our estimate of fair value (₹77.08)

Significantly Below Fair Value: 531120 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Patel Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.1%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Patel Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Patel Engineering is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Patel Engineering competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Patel Engineering performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-35.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 531120 has high quality earnings.

Growing Profit Margin: 531120 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 531120 has become profitable over the past 5 years, growing earnings by -35.4% per year.

Accelerating Growth: 531120 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 531120 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (23.1%).


Return on Equity

High ROE: 531120's Return on Equity (4.6%) is considered low.


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Financial Health

How is Patel Engineering's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 531120's short term assets (₹53.6B) exceed its short term liabilities (₹38.0B).

Long Term Liabilities: 531120's short term assets (₹53.6B) exceed its long term liabilities (₹22.5B).


Debt to Equity History and Analysis

Debt Level: 531120's net debt to equity ratio (82.7%) is considered high.

Reducing Debt: 531120's debt to equity ratio has reduced from 205.8% to 93.4% over the past 5 years.

Debt Coverage: 531120's debt is well covered by operating cash flow (23.4%).

Interest Coverage: 531120's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


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Dividend

What is Patel Engineering current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 531120's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 531120's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 531120's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531120's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 531120 is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 531120 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average board tenure


CEO

Rupen Patel (56 yo)

no data

Tenure

₹28,040,000

Compensation

Mr. Rupen P. Patel serves as Chairman at Patel Engineering Limited. He serves as the Managing Director at Patel Engineering Limited and has been its Director since October 26, 1995. Mr. Patel serves as an...


CEO Compensation Analysis

Compensation vs Market: Rupen's total compensation ($USD353.50K) is above average for companies of similar size in the Indian market ($USD193.82K).

Compensation vs Earnings: Rupen's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 531120's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Patel Engineering Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Patel Engineering Limited
  • Ticker: 531120
  • Exchange: BSE
  • Founded: 1949
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: ₹13.410b
  • Shares outstanding: 503.19m
  • Website: https://www.pateleng.com

Number of Employees


Location

  • Patel Engineering Limited
  • Patel Estate Road
  • Jogeshwari (West)
  • Mumbai
  • Maharashtra
  • 400102
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.