Patel Engineering Limited
NSE: PATELENG · Unclassified
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Instant answers about Patel Engineering Limited — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,275 | 2,617 | 1,995 | 3,380 | 4,202 | 4,544 | 5,093 | 5,103 |
| EBITDA | 531 | 185 | 235 | 528 | 625 | 690 | 733 | 684 |
| Operating margin | 23.3% | 7.1% | 11.8% | 15.6% | 14.9% | 15.2% | 14.4% | 13.4% |
| Interest | 489 | 266 | 401 | 420 | 418 | 362 | 322 | 296 |
| Depreciation | 54 | 66 | 72 | 82 | 93 | 98 | 100 | 104 |
| Profit before tax | 94 | 55 | -344 | 112 | 233 | 405 | 326 | 288 |
| Tax | -11 | 23 | -71 | 43 | 54 | 104 | 90 | 18 |
| Net profit | 105 | 11 | -291 | 55 | 155 | 290 | 242 | 294 |
| EPS ₹ | 6.67 | 0.39 | -6.78 | 1.51 | 3.19 | 3.64 | 2.88 | 2.92 |
| Operating cash flow | — | — | — | 537 | 693 | 688 | 363 | 560 |
| Capex | — | — | — | 181 | 183 | 159 | 90 | 110 |
| Dividend paid | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Total assets | — | — | — | — | 8,750 | 8,996 | 9,580 | 9,522 |
| Equity | — | — | — | — | 2,888 | 3,154 | 3,785 | 4,440 |
Quarterly performance
last 31 quarters · ₹ crore| MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25* | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,362 | 661 | 660 | 747 | 550 | 276 | 441 | 544 | 734 | 666 | 724 | 878 | 1,112 | 974 | 893 | 1,037 | 1,298 | 1,119 | 1,021 | 1,061 | 1,343 | 1,102 | 1,174 | 1,206 | 406 | 1,233 | 1,208 | 1,239 | 1,421 | 1,281 | 1,211 |
| Operating profit | 355 | 77 | 77 | 94 | -69 | 40 | 46 | 70 | 78 | 104 | 122 | 146 | 155 | 150 | 131 | 164 | 181 | 171 | 140 | 142 | 238 | 169 | 162 | 184 | 34 | 165 | 159 | 145 | 215 | 180 | 150 |
| Operating margin | 15.0% | 11.7% | 11.6% | 12.6% | -12.6% | 14.4% | 10.5% | 12.9% | 10.7% | 15.6% | 16.9% | 16.7% | 13.9% | 15.4% | 14.6% | 15.8% | 13.9% | 15.2% | 13.7% | 13.4% | 17.7% | 15.3% | 13.8% | 15.3% | 8.5% | 13.4% | 13.1% | 11.7% | 15.1% | 14.0% | 12.4% |
| Other income | 175 | 53 | 42 | 47 | 64 | 25 | 18 | 24 | 43 | 30 | 16 | 29 | 41 | 36 | 30 | 27 | 28 | 18 | 25 | 15 | 31 | 25 | 57 | 60 | -34 | 39 | 63 | 29 | 35 | 25 | 48 |
| Interest | 370 | 67 | 65 | 64 | 70 | 82 | 107 | 98 | 116 | 106 | 104 | 106 | 104 | 100 | 106 | 107 | 106 | 88 | 92 | 89 | 93 | 84 | 79 | 80 | -1 | 73 | 76 | 68 | 79 | 62 | 66 |
| Depreciation | 50 | 16 | 17 | 17 | 17 | 17 | 17 | 18 | 20 | 20 | 20 | 21 | 21 | 22 | 23 | 24 | 24 | 22 | 23 | 23 | 29 | 26 | 24 | 24 | 2 | 25 | 26 | 26 | 26 | 26 | 25 |
| Profit before tax | 199 | 48 | 37 | 60 | -97 | -33 | -60 | -22 | -229 | 9 | 14 | 36 | 54 | 63 | 31 | 53 | 86 | 84 | 49 | 82 | 190 | 83 | 101 | 89 | -38 | 105 | 89 | 37 | 57 | 117 | 107 |
| Tax | 44 | 6 | 11 | 29 | -23 | -1 | 1 | 12 | -83 | 11 | 5 | 7 | 20 | 21 | 15 | 15 | 3 | 30 | 11 | 13 | 49 | 35 | 28 | 9 | 8 | 25 | 24 | -56 | 25 | 25 | 20 |
| Net profit | 154 | 40 | 28 | 0 | -80 | -49 | -62 | -43 | -141 | 2 | 2 | 29 | 21 | 31 | 20 | 19 | 84 | 38 | 32 | 70 | 140 | 48 | 81 | 80 | -48 | 75 | 77 | 72 | 71 | 95 | 83 |
| EPS ₹ | 9.71 | 2.57 | 1.79 | 0.80 | -2.80 | -1.01 | -1.71 | -0.86 | -3.29 | -0.01 | 0.15 | 0.58 | 0.80 | 0.86 | 0.53 | 0.62 | 1.56 | 0.51 | 0.46 | 0.89 | 1.62 | 0.65 | 0.87 | 0.95 | -0.52 | 0.92 | 0.84 | 0.82 | 0.42 | 0.98 | 0.86 |
| Revenue YoY | — | — | — | — | -76.7% | -58.2% | -33.1% | -27.1% | 33.5% | 141.4% | 64.2% | 61.4% | 51.5% | 46.2% | 23.3% | 18.1% | 16.8% | 14.9% | 14.4% | 2.3% | 3.5% | -1.5% | 15.0% | 13.6% | -69.7% | 12.0% | 2.9% | 2.8% | 249.8% | 3.8% | 0.2% |
| Profit YoY | — | — | — | — | -151.8% | -222.0% | -319.8% | — | — | — | — | — | — | 1696.0% | 746.4% | -33.9% | 297.9% | 22.5% | 63.3% | 260.6% | 66.4% | 25.8% | 152.1% | 14.5% | -133.9% | 55.9% | -4.7% | -11.0% | — | 26.5% | 7.6% |
Earlier results (standalone, Sep '07 – Dec '18)
₹ crore · from BSE, before the NSE XBRL filings beginPatel Engineering Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,353 | 2,554 | 2,531 | 3,103 | 2,704 | 2,473 | 2,615 | 2,889 | 2,039 |
| Operating profit | 351 | 351 | 306 | 441 | 371 | 431 | 389 | 373 | 456 |
| Operating margin | 14.9% | 13.7% | 12.1% | 14.2% | 13.7% | 17.4% | 14.9% | 12.9% | 22.4% |
| Other income | 9 | 7 | 29 | 85 | 148 | 195 | 230 | 359 | 381 |
| Interest | 109 | 173 | 200 | 397 | 429 | 552 | 589 | — | 536 |
| Depreciation | 50 | 53 | — | 53 | 54 | 52 | 45 | 46 | 44 |
| Profit before tax | 200 | 132 | 96 | 77 | 33 | 22 | -34 | 120 | 52 |
| Tax | 68 | 32 | 35 | 28 | 8 | 10 | -15 | 70 | -7 |
| Net profit | 132 | 100 | 60 | 49 | 25 | 12 | -19 | 51 | 59 |
Quarters
| SEP '07† | DEC '07† | MAR '08† | JUN '08† | SEP '08† | DEC '08† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | MAR '11† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | MAR '18† | JUN '18† | SEP '18† | DEC '18† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 236 | 262 | 502 | 396 | 309 | 317 | 476 | 404 | 416 | 1,056 | 487 | 541 | 371 | 1,156 | 541 | 613 | 429 | 948 | 568 | 730 | 594 | 1,210 | 576 | 726 | 516 | 886 | 523 | 680 | 524 | 745 | 703 | 611 | 588 | 714 | 594 | 700 | 698 | 896 | 556 | 378 | 636 | 469 | 555 | 540 | 484 |
| Operating profit | 42 | 47 | 83 | 57 | 57 | 66 | 72 | 74 | 78 | 127 | 79 | 77 | 105 | 90 | 74 | 95 | 61 | 76 | 75 | 137 | 109 | 120 | 84 | 132 | 65 | 91 | 102 | 109 | 111 | 109 | 101 | 101 | 115 | 72 | 88 | 122 | 100 | 62 | 88 | 52 | 267 | 50 | 65 | 128 | 74 |
| Operating margin | 17.8% | 17.9% | 16.5% | 14.3% | 18.5% | 20.8% | 15.2% | 18.3% | 18.6% | 12.0% | 16.2% | 14.3% | 28.3% | 7.8% | 13.6% | 15.5% | 14.3% | 8.1% | 13.2% | 18.8% | 18.4% | 9.9% | 14.5% | 18.2% | 12.6% | 10.2% | 19.4% | 16.0% | 21.1% | 14.7% | 14.4% | 16.5% | 19.5% | 10.1% | 14.9% | 17.4% | 14.3% | 6.9% | 15.7% | 13.7% | 42.0% | 10.6% | 11.8% | 23.6% | 15.4% |
| Other income | 4 | 3 | -6 | 2 | 6 | 3 | 2 | 2 | 1 | 3 | 2 | 3 | 1 | 2 | 2 | 0 | 3 | 24 | 0 | 15 | 15 | 54 | 27 | 34 | 48 | 39 | 34 | 43 | 48 | 70 | 47 | 52 | 59 | 71 | 52 | 86 | 71 | 151 | 76 | 99 | 132 | 75 | 75 | 56 | 56 |
| Interest | 3 | 3 | 13 | 14 | 16 | 20 | 24 | 25 | 21 | 39 | 29 | 24 | 81 | 39 | 48 | 38 | 44 | 70 | 58 | 116 | 87 | 136 | 96 | 142 | 96 | 94 | 121 | 137 | 139 | 155 | 130 | 126 | 159 | 173 | 151 | 150 | 156 | — | 156 | 163 | 110 | 107 | 77 | 78 | 83 |
| Depreciation | 7 | 7 | 12 | 9 | 9 | 9 | 12 | 12 | 12 | 13 | 13 | 14 | 13 | 13 | 13 | 13 | — | 14 | 12 | 15 | 13 | 13 | 14 | 14 | 13 | 13 | 14 | 12 | 13 | 13 | 12 | 12 | 11 | 10 | 10 | 11 | 9 | 17 | 11 | 12 | 11 | 10 | 10 | 10 | 10 |
| Profit before tax | 37 | 40 | 52 | 35 | 38 | 40 | 38 | 39 | 45 | 78 | 38 | 42 | 11 | 40 | 14 | 44 | 20 | 17 | 5 | 22 | 25 | 25 | 0 | 6 | 4 | 23 | 1 | 3 | 6 | 11 | 7 | 15 | 3 | -59 | -20 | 47 | 5 | 88 | -4 | -25 | 4 | 77 | 53 | 10 | 37 |
| Tax | 4 | 5 | -2 | 4 | 4 | 5 | 13 | 13 | 15 | 27 | 13 | 13 | 3 | 3 | 4 | 14 | 6 | 10 | 2 | 7 | 8 | 11 | 0 | 0 | 1 | 7 | 0 | 1 | 6 | 2 | 2 | 6 | 0 | -22 | 0 | 9 | -2 | 62 | 1 | 1 | -3 | -6 | 17 | 5 | 8 |
| Net profit | 32 | 35 | 54 | 31 | 33 | 35 | 25 | 26 | 30 | 51 | 26 | 30 | 8 | 37 | 10 | 30 | 14 | 7 | 3 | 15 | 17 | 14 | 0 | 6 | 2 | 16 | 1 | 2 | 0 | 9 | 5 | 10 | 3 | -37 | -20 | 38 | 7 | 26 | -5 | -26 | 7 | 83 | 36 | 6 | 29 |
| EPS ₹ | 5.44 | 5.88 | 9.02 | 5.21 | 5.62 | 5.89 | 4.20 | 4.36 | 4.48 | 7.34 | 3.68 | 4.24 | 1.10 | 5.32 | 1.47 | 4.30 | 1.94 | 0.95 | 0.48 | 2.12 | 2.37 | 2.08 | 0.05 | 0.89 | 0.35 | 2.10 | 0.09 | 0.27 | 0.03 | 1.15 | 0.62 | 1.28 | 0.40 | -4.77 | -2.67 | 4.90 | 0.84 | 2.49 | -0.30 | -1.66 | 0.44 | 5.29 | 2.30 | 0.38 | 1.79 |
| Revenue YoY | — | — | — | — | 31.1% | 21.0% | 20.2% | 30.7% | 31.3% | — | 2.2% | 34.0% | -11.0% | 9.4% | 11.2% | 13.3% | 15.6% | -17.9% | 5.1% | 19.1% | 38.7% | 27.6% | 1.3% | -0.6% | -13.2% | -26.8% | -9.1% | -6.3% | 1.6% | -15.9% | 34.4% | -10.2% | 12.1% | -4.2% | -15.5% | 14.6% | 18.8% | 25.6% | -6.4% | -46.0% | -9.0% | -47.7% | -0.2% | 42.9% | -23.9% |
| Profit YoY | — | — | — | — | 3.2% | 0.2% | -19.6% | -22.4% | -14.6% | — | 2.6% | 13.8% | -74.3% | -27.4% | -60.1% | 1.4% | 76.3% | -82.1% | -67.1% | -50.7% | 22.2% | 117.4% | -90.5% | -57.9% | -85.2% | 10.4% | 121.9% | -66.7% | -89.8% | -44.6% | 570.4% | 374.9% | 1136.0% | -513.1% | -530.3% | 283.0% | 138.2% | — | — | -169.2% | -6.7% | 218.5% | — | — | 318.3% |
Returns & margins
trailing-twelve-month, per quarter| DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | 4.1% | 3.7% | 5.4% | 5.6% | 5.9% | 7.6% | 8.9% | 9.2% | 9.3% | 9.6% | 4.3% | 5.0% | 4.7% | 4.5% | 6.7% | 7.1% | 6.9% |
| ROCE | — | — | — | — | — | — | — | — | — | — | — | 12.8% | 13.2% | 14.0% | 14.2% | 13.4% | 13.6% | 15.2% | 15.1% | 15.7% | 15.7% | 8.9% | 9.1% | 8.6% | 7.4% | 10.3% | 10.3% | 9.9% |
| Net margin | 5.0% | -0.4% | -4.5% | -9.5% | -12.9% | -14.7% | -10.2% | -6.7% | -3.6% | 1.6% | 2.3% | 2.6% | 2.3% | 3.7% | 3.7% | 3.9% | 5.0% | 6.2% | 6.4% | 7.3% | 7.3% | 4.2% | 4.7% | 4.6% | 4.3% | 5.8% | 6.1% | 6.2% |
| EBITDA margin | 13.6% | 6.8% | 6.3% | 5.5% | 4.8% | 11.8% | 12.5% | 14.1% | 15.0% | 15.6% | 15.5% | 15.1% | 14.9% | 14.9% | 14.9% | 14.6% | 14.1% | 15.2% | 15.2% | 15.2% | 15.6% | 14.1% | 13.6% | 13.4% | 12.3% | 13.4% | 13.6% | 13.4% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | 0.90 | 0.90 | 0.61 | 0.61 | 0.68 | 0.68 | 0.61 | 0.61 | 0.40 | 0.40 | 0.43 | 0.43 | 0.40 | 0.40 | 0.27 | 0.27 | 0.28 |
| Interest coverage | 1.61 | 1.18 | 0.88 | 0.60 | 0.41 | 0.14 | 0.29 | 0.46 | 0.60 | 1.27 | 1.40 | 1.44 | 1.48 | 1.56 | 1.62 | 1.69 | 1.80 | 2.12 | 2.13 | 2.32 | 2.38 | 1.97 | 2.12 | 2.08 | 1.90 | 1.97 | 2.05 | 2.15 |
| Asset turnover | — | — | — | — | — | — | — | — | — | — | — | 0.45 | 0.47 | 0.48 | 0.50 | 0.52 | 0.52 | 0.51 | 0.50 | 0.50 | 0.52 | 0.41 | 0.42 | 0.42 | 0.42 | 0.54 | 0.54 | 0.52 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 52 | 77 | 77 | 77 | 84 | 84 | 84 | 99 | 99 |
| Other equity / reserves | 2,423 | 2,811 | 2,875 | 3,076 | 3,566 | 3,700 | 3,849 | 4,341 | 4,576 |
| Total equity | 2,475 | 2,888 | 2,953 | 3,154 | 3,650 | 3,785 | 3,933 | 4,440 | 4,675 |
| Borrowings | 2,221 | 1,770 | 2,005 | 1,910 | 1,455 | 1,615 | 1,560 | 1,216 | 1,312 |
| Current liabilities | 3,793 | 3,792 | 3,907 | 4,017 | 3,882 | 4,114 | 4,035 | 3,747 | 4,019 |
| Non-current liabilities | 2,248 | 1,982 | 1,826 | 1,818 | 1,846 | 1,689 | 1,652 | 1,333 | 1,247 |
| Total assets | 8,594 | 8,750 | 8,678 | 8,996 | 9,367 | 9,580 | 9,620 | 9,522 | 9,945 |
| Property, plant & equipment | 1,169 | 1,250 | 1,189 | 1,265 | 1,252 | 1,304 | 1,301 | 1,315 | 1,308 |
| Capital work-in-progress | 287 | 294 | 295 | 233 | 205 | 171 | 168 | 126 | 119 |
| Investments | 128 | 124 | 126 | 155 | 317 | 181 | 118 | 53 | 99 |
| Inventories | 3,676 | 3,744 | 3,776 | 3,792 | 4,253 | 4,387 | 1,127 | 978 | 828 |
| Receivables | 1,007 | 892 | 811 | 855 | 942 | 1,081 | 1,038 | 868 | 712 |
| Cash & equivalents | 251 | 211 | 258 | 339 | 247 | 405 | 392 | 380 | 422 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 537 | 693 | 688 | 363 | 560 |
| Cash from investing | -144 | -217 | -132 | -15 | 85 |
| Cash from financing | -340 | -536 | -429 | -283 | -516 |
| Capex | 181 | 183 | 159 | 90 | 110 |
| Free cash flow | 356 | 509 | 529 | 273 | 450 |
| Dividends paid | 0 | 0 | 0 | 0 | 0 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
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|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| Patel Engineering Limited | 2,474 | 24.94 | 7.7 | 0.53 | 6.9% |
StoxGud checklist: Neutral setup · 4/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
FAQs
What is the share price of Patel Engineering Limited?
Patel Engineering Limited (PATELENG) closed at ₹24.94 on NSE on 06 Nov 2026.
What is the market cap of Patel Engineering Limited?
₹2,474 crore at the latest close.
What is the P/E ratio of Patel Engineering Limited?
7.7, on trailing-twelve-month earnings from its filings.
How fast is Patel Engineering Limited growing?
Patel Engineering Limited: revenue has compounded at 6.7% a year over three years; net profit at 23.9% a year. Latest-quarter revenue is up 0.2% year on year, profit up 7.6%.
How profitable is Patel Engineering Limited?
On a trailing-twelve-month basis return on equity is 6.9%, return on capital employed 9.9%, operating margin 13.4%, net margin 6.2%.
How much debt does Patel Engineering Limited have?
Patel Engineering Limited is lightly geared: debt to equity is 0.28 with borrowings of ₹1,312 cr against cash of ₹422 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.2 times.
Financials parsed from Patel Engineering Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '19, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.