RKEC Projects Limited operates as a construction company in India.
Good value with adequate balance sheet.
Share Price & News
How has RKEC Projects's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RKEC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RKEC exceeded the Indian Construction industry which returned -30.6% over the past year.
Return vs Market: RKEC underperformed the Indian Market which returned 1.4% over the past year.
Price Volatility Vs. Market
How volatile is RKEC Projects's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StThese Trends Paint A Bright Future For RKEC Projects (NSE:RKEC)
1 month ago | Simply Wall StHave Insiders Been Buying RKEC Projects Limited (NSE:RKEC) Shares?
2 months ago | Simply Wall StThese 4 Measures Indicate That RKEC Projects (NSE:RKEC) Is Using Debt Reasonably Well
Is RKEC Projects undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RKEC (₹40.3) is trading below our estimate of fair value (₹450.13)
Significantly Below Fair Value: RKEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RKEC is good value based on its PE Ratio (3.7x) compared to the IN Construction industry average (8.4x).
PE vs Market: RKEC is good value based on its PE Ratio (3.7x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RKEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RKEC is overvalued based on its PB Ratio (0.8x) compared to the IN Construction industry average (0.5x).
How is RKEC Projects forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 RKEC Projects 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.
- Examine whether RKEC Projects 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.
- RKEC Projects competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has RKEC Projects performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RKEC has a large one-off loss of ₹133.3M impacting its March 31 2020 financial results.
Growing Profit Margin: RKEC's current net profit margins (8.5%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: RKEC's earnings have grown significantly by 28.2% per year over the past 5 years.
Accelerating Growth: RKEC's earnings growth over the past year (14.9%) is below its 5-year average (28.2% per year).
Earnings vs Industry: RKEC earnings growth over the past year (14.9%) exceeded the Construction industry -2.7%.
Return on Equity
High ROE: RKEC's Return on Equity (22.6%) is considered high.
How is RKEC Projects's financial position?
Financial Position Analysis
Short Term Liabilities: RKEC's short term assets (₹2.7B) exceed its short term liabilities (₹2.1B).
Long Term Liabilities: RKEC's short term assets (₹2.7B) exceed its long term liabilities (₹46.3M).
Debt to Equity History and Analysis
Debt Level: RKEC's debt to equity ratio (57.2%) is considered high.
Reducing Debt: RKEC's debt to equity ratio has increased from 46.8% to 57.2% over the past 5 years.
Debt Coverage: RKEC's debt is well covered by operating cash flow (61.5%).
Interest Coverage: RKEC's interest payments on its debt are well covered by EBIT (5.2x coverage).
What is RKEC Projects's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RKEC's dividend (4.96%) is higher than the bottom 25% of dividend payers in the Indian market (0.67%).
High Dividend: RKEC's dividend (4.96%) is in the top 25% of dividend payers in the Indian market (2.78%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RKEC has been paying a dividend for less than 10 years.
Growing Dividend: RKEC has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.6%), RKEC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Garapati Radhakrishna serves as a Managing Director and Chairman at RKEC Projects Limited. Mr. Radhakrishna holds a B.E.
CEO Compensation Analysis
Compensation vs Market: Garapati's total compensation ($USD213.55K) is above average for companies of similar size in the Indian market ($USD49.49K).
Compensation vs Earnings: Insufficient data to compare Garapati's compensation with company performance.
|Chairman & MD||no data||₹16.00m||73.52% |
|Whole Time Director||3.75yrs||₹16.00m||0.24% |
|Director of Projects & Whole-time Director||1.42yrs||no data||no data|
|Independent Director||no data||₹125.00k||no data|
|Independent Director||no data||₹100.00k||no data|
|Director||4.75yrs||no data||no data|
|Independent Director||1yr||no data||no data|
Experienced Board: RKEC's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
RKEC Projects Limited's company bio, employee growth, exchange listings and data sources
- Name: RKEC Projects Limited
- Ticker: RKEC
- Exchange: NSEI
- Founded: 2005
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: ₹966.821m
- Shares outstanding: 23.99m
- Website: https://www.rkecprojects.com
Number of Employees
- RKEC Projects Limited
- Rednam Alcazar
- No 10-12-1, 3rd Floor
- Andhra Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RKEC||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Oct 2017|
RKEC Projects Limited operates as a construction company in India. The company constructs marine structures, such as wharves, berths, jetties, mooring dolphins, intake structures break waters, and coastal ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 13:04|
|End of Day Share Price||2020/08/04 00:00|
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.