Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹32.23, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 14% over the past three years. Reported Earnings • May 15
Full year 2026 earnings released: EPS: ₹2.92 (vs ₹2.95 in FY 2025) Full year 2026 results: EPS: ₹2.92. Revenue: ₹52.7b (up 3.4% from FY 2025). Net income: ₹2.69b (up 8.6% from FY 2025). Profit margin: 5.1% (up from 4.9% in FY 2025). Buy Or Sell Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to ₹26.76. The fair value is estimated to be ₹33.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 5.4%. Announcement • May 07
Patel Engineering Limited to Report Q4, 2026 Results on May 14, 2026 Patel Engineering Limited announced that they will report Q4, 2026 results on May 14, 2026 Buy Or Sell Opportunity • Feb 16
Now 18% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹30.29. The fair value is estimated to be ₹36.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 5.4%. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.82 (vs ₹0.95 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.82 (down from ₹0.95 in 3Q 2025). Revenue: ₹12.7b (up 5.3% from 3Q 2025). Net income: ₹715.7m (down 12% from 3Q 2025). Profit margin: 5.6% (down from 6.8% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Patel Engineering Limited to Report Q3, 2026 Results on Feb 14, 2026 Patel Engineering Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 14, 2026 New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Dec 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Nov 24
Patel Engineering Limited has filed a Follow-on Equity Offering in the amount of INR 4 billion. Patel Engineering Limited has filed a Follow-on Equity Offering in the amount of INR 4 billion.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.84 (vs ₹0.87 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.84 (down from ₹0.87 in 2Q 2025). Revenue: ₹12.7b (up 8.3% from 2Q 2025). Net income: ₹730.3m (flat on 2Q 2025). Profit margin: 5.7% (down from 6.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 12
Now 21% overvalued Over the last 90 days, the stock has fallen 5.7% to ₹35.64. The fair value is estimated to be ₹29.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. Announcement • Nov 07
Patel Engineering Limited to Report Q2, 2026 Results on Nov 13, 2025 Patel Engineering Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Aug 18
Patel Engineering Limited, Annual General Meeting, Sep 12, 2025 Patel Engineering Limited, Annual General Meeting, Sep 12, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.92 (vs ₹0.65 in 1Q 2025) First quarter 2026 results: EPS: ₹0.92 (up from ₹0.65 in 1Q 2025). Revenue: ₹12.7b (up 16% from 1Q 2025). Net income: ₹809.4m (up 48% from 1Q 2025). Profit margin: 6.4% (up from 5.0% in 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Announcement • Aug 04
Patel Engineering Limited to Report Q1, 2026 Results on Aug 11, 2025 Patel Engineering Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Reported Earnings • May 14
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹2.88 (down from ₹3.91 in FY 2024). Revenue: ₹52.6b (up 16% from FY 2024). Net income: ₹2.48b (down 18% from FY 2024). Profit margin: 4.7% (down from 6.7% in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. Announcement • May 06
Patel Engineering Limited to Report Q4, 2025 Results on May 13, 2025 Patel Engineering Limited announced that they will report Q4, 2025 results on May 13, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹0.95 (vs ₹0.89 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.95 (up from ₹0.89 in 3Q 2024). Revenue: ₹12.7b (up 19% from 3Q 2024). Net income: ₹815.2m (up 18% from 3Q 2024). Profit margin: 6.4% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Patel Engineering Limited to Report Q3, 2025 Results on Feb 12, 2025 Patel Engineering Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Announcement • Jan 29
Patel Engineering Limited Announces Resignation of Ms. Priti Patel as Senior Vice President - Business Development Patel Engineering Limited announced that Ms. Priti Patel, Senior Vice President - Business Development, has submitted her resignation due to personal exigencies. The resignation is accepted and the same is effective from February 3, 2025. Buy Or Sell Opportunity • Dec 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to ₹53.05. The fair value is estimated to be ₹68.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹0.87 (vs ₹0.46 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.87 (up from ₹0.46 in 2Q 2024). Revenue: ₹12.3b (up 21% from 2Q 2024). Net income: ₹734.5m (up 95% from 2Q 2024). Profit margin: 6.0% (up from 3.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Nov 13
Patel Engineering Limited Appoints Rahul Agarwal as Chief Financial Officer Patel Engineering Limited announced that the board on the recommendation of nomination & remuneration and audit committee, approved appointment of Mr. Rahul Agarwal, currently Acting Chief Financial Officer as Chief Financial Officer (KMP/SMP) of the company with effect from November 13, 2024. Rahul Agarwal is a Chartered Accountant with more than 19 years of experience in the field of Strategic Finance & Accounts, Planning & Structuring of entire debt restructuring exercise, Fund raising for working capital & Real Estate, Investor relations, Asset Monetization, People Management and Credit Ratings. He is with the Company for more than 16 years and the last position held is Addl. Vice President - Finance. Before joining the Company he worked with Price Waterhouse, one of the big 4 audit firm. Announcement • Nov 06
Patel Engineering Limited to Report Q2, 2025 Results on Nov 13, 2024 Patel Engineering Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Announcement • Oct 30
Welspun Enterprises Limited (NSEI:WELENT) signed a letter of intent to acquire an additional 9.99% stake in Michigan Engineers Pvt. Ltd. from Patel Engineering Limited (BSE:531120) for INR 1.0 billion. Welspun Enterprises Limited (NSEI:WELENT) signed a letter of intent to acquire an additional 9.99% stake in Michigan Engineers Pvt. Ltd. from Patel Engineering Limited (BSE:531120) for INR 1.0 billion on October 29, 2024. Upon completion, Welspun Enterprises Limited will own 60.09% stake in Michigan Engineers Pvt. Ltd.
For the period ending March 31, 2024, Michigan Engineers Pvt. Ltd. reported total revenue of INR 4.16 billion and net income of INR 180.1 million. As of March 31, 2024, Michigan Engineers Pvt. Ltd. reported total common equity of INR 2.18 billion.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The board of directors of Welspun Enterprises Limited has authorized the execution of a share purchase agreement on October 30, 2024. The expected completion of the transaction is November 7, 2024. Announcement • Sep 20
Patel Engineering Limited Announces Cessation of Kuppusubramanian Ramasubramanian as Independent Director Patel Engineering Limited announced that Mr. Kuppusubramanian Ramasubramanian (DIN: 01623890), has completed his second and final term as an Independent Director and consequently ceased to be a Director of the Company w.e.f the close of business hours on September 19, 2024. The Board of Directors and the Management of the Company expressed deep appreciation and gratitude to Mr. Ramasubramanian for his extensive contribution and stewardship. Announcement • Aug 21
Patel Engineering Limited, Annual General Meeting, Sep 13, 2024 Patel Engineering Limited, Annual General Meeting, Sep 13, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.65 (vs ₹0.66 in 1Q 2024) First quarter 2025 results: EPS: ₹0.65 (down from ₹0.66 in 1Q 2024). Revenue: ₹11.3b (flat on 1Q 2024). Net income: ₹547.2m (down 1.2% from 1Q 2024). Profit margin: 4.9% (down from 5.0% in 1Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Patel Engineering Limited to Report Q1, 2025 Results on Aug 13, 2024 Patel Engineering Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Chairperson Janky Patel was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jul 01
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to ₹65.97. The fair value is estimated to be ₹56.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Buy Or Sell Opportunity • Jun 18
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ₹71.61. The fair value is estimated to be ₹56.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹63.13, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Construction industry in India. Total returns to shareholders of 367% over the past three years. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Reported Earnings • May 19
Full year 2024 earnings released: EPS: ₹3.64 (vs ₹3.50 in FY 2023) Full year 2024 results: EPS: ₹3.64 (up from ₹3.50 in FY 2023). Revenue: ₹46.3b (up 10% from FY 2023). Net income: ₹3.02b (up 65% from FY 2023). Profit margin: 6.5% (up from 4.4% in FY 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Patel Engineering Limited to Report Q4, 2024 Results on May 18, 2024 Patel Engineering Limited announced that they will report Q4, 2024 results on May 18, 2024 Announcement • May 01
Patel Engineering Limited has completed a Follow-on Equity Offering in the amount of INR 4 billion. Patel Engineering Limited has completed a Follow-on Equity Offering in the amount of INR 4 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 70,758,889
Price\Range: INR 56.53
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Apr 30
Patel Engineering Limited Announces Resignation of Tirth Nath Singh as Whole Time Director, Effective May 03, 2024 Patel Engineering Limited informed that Mr. Tirth Nath Singh as Whole Time Director of the Company vide his letter dated April 30, 2024 has resigned from the services of the Company to pursue new avenues. He will be relieved from the services of the company effective from the closure of businesshours on May 03, 2024. New Risk • Apr 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Announcement • Apr 24
Patel Engineering Limited has filed a Follow-on Equity Offering. Patel Engineering Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 59.5
Transaction Features: Regulation S; Subsequent Direct Listing Buy Or Sell Opportunity • Apr 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to ₹62.05. The fair value is estimated to be ₹79.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹57.25, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 378% over the past three years. Buy Or Sell Opportunity • Feb 28
Now 21% undervalued Over the last 90 days, the stock has risen 36% to ₹66.05. The fair value is estimated to be ₹83.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.89 (vs ₹0.62 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.89 (up from ₹0.62 in 3Q 2023). Revenue: ₹10.8b (up 3.8% from 3Q 2023). Net income: ₹1.23b (up 295% from 3Q 2023). Profit margin: 11% (up from 3.0% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
Patel Engineering Limited to Report Q3, 2024 Results on Feb 12, 2024 Patel Engineering Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Buy Or Sell Opportunity • Feb 06
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 60% to ₹76.35. The fair value is estimated to be ₹60.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹69.05, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 27x in the Construction industry in India. Total returns to shareholders of 466% over the past three years. New Risk • Dec 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹56.60, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 23x in the Construction industry in India. Total returns to shareholders of 343% over the past three years. Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹0.46 (vs ₹0.53 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.46. Revenue: ₹10.2b (up 14% from 2Q 2023). Net income: ₹376.6m (up 44% from 2Q 2023). Profit margin: 3.7% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Oct 28
Patel Engineering Limited to Report Q2, 2024 Results on Nov 03, 2023 Patel Engineering Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Announcement • Oct 14
Patel Engineering Limited Announces Resignation of Sunil Sapre as Whole Time Director Patel Engineering Limited announced the resignation of Mr. Sunil Sapre, Whole Time Director/KMP of the Company effective from the close of business hours on October 13, 2023. Announcement • Aug 15
Patel Engineering Limited, Annual General Meeting, Sep 08, 2023 Patel Engineering Limited, Annual General Meeting, Sep 08, 2023, at 11:30 Indian Standard Time. Agenda: To consider and adopt the audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board and the Auditors thereon; to consider the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon; to appoint Mr. Rupen Patel as a Director who retires by rotation and, being eligible, offers himself for re-appointment; to consider re-appointment of Mr. Rupen Patel as Managing Director; and to consider ratification of Cost Auditor's Remuneration for FY 2022-2023. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.66 (vs ₹0.86 in 1Q 2023) First quarter 2024 results: EPS: ₹0.66. Revenue: ₹11.4b (up 17% from 1Q 2023). Net income: ₹553.8m (up 34% from 1Q 2023). Profit margin: 4.9% (up from 4.2% in 1Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹50.85, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 308% over the past three years. Announcement • Aug 04
Patel Engineering Limited to Report Q1, 2024 Results on Aug 10, 2023 Patel Engineering Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹45.35, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 240% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹33.75, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹29.85, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 133% over the past three years. Announcement • May 26
Authum Investment & Infrastructure Limited (BSE:539177) signed a share purchase agreement to acquire 41.01% stake in Michigan Engineers Pvt. Ltd. from Patel Engineering Limited (BSE:531120) for INR 701 million. Authum Investment & Infrastructure Limited (BSE:539177) signed a share purchase agreement to acquire 41.01% stake in Michigan Engineers Pvt. Ltd. from Patel Engineering Limited (BSE:531120) for INR 701 million on May 25, 2023. The transaction is expected to close on May 25, 2023. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹23.85, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹17.85, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹15.45, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹0.62 (vs ₹0.58 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.62 (up from ₹0.58 in 3Q 2022). Revenue: ₹10.6b (up 21% from 3Q 2022). Net income: ₹311.9m (up 14% from 3Q 2022). Profit margin: 2.9% (down from 3.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹14.75, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 9.7% over the past three years. Announcement • Feb 02
Patel Engineering Limited to Report Q3, 2023 Results on Feb 08, 2023 Patel Engineering Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹17.45, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 27% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.53 (vs ₹0.15 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.53 (up from ₹0.15 in 2Q 2022). Revenue: ₹8.93b (up 23% from 2Q 2022). Net income: ₹261.5m (up 282% from 2Q 2022). Profit margin: 2.9% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹0.53 (vs ₹0.15 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.53 (up from ₹0.15 in 2Q 2022). Revenue: ₹9.23b (up 27% from 2Q 2022). Net income: ₹261.5m (up 282% from 2Q 2022). Profit margin: 2.8% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Director Sunanda Rajendran was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹28.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 243% over the past three years. Reported Earnings • Aug 05
Full year 2022 earnings released: EPS: ₹1.51 (vs ₹6.78 loss in FY 2021) Full year 2022 results: EPS: ₹1.51 (up from ₹6.78 loss in FY 2021). Revenue: ₹33.8b (up 70% from FY 2021). Net income: ₹718.5m (up ₹3.63b from FY 2021). Profit margin: 2.1% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 24
Full year 2022 earnings released: EPS: ₹1.51 (vs ₹6.78 loss in FY 2021) Full year 2022 results: EPS: ₹1.51 (up from ₹6.78 loss in FY 2021). Revenue: ₹35.0b (up 75% from FY 2021). Net income: ₹718.5m (up ₹3.63b from FY 2021). Profit margin: 2.1% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.58 (up from ₹0.86 loss in 3Q 2021). Revenue: ₹9.07b (up 67% from 3Q 2021). Net income: ₹274.8m (up ₹639.3m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS ₹0.15 (vs ₹1.71 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹7.40b (up 68% from 2Q 2021). Net income: ₹68.4m (up ₹784.1m from 2Q 2021). Profit margin: 0.9% (up from net loss in 2Q 2021).