Patel Engineering Ltd
Construction & Engineering
FV – Rs 1; 52wks H/L –120.5/43.4; TTQ – 1.53 Lacs; CMP – Rs 103 (As On September 28th 2016; 11.00);                                

  Market Cap – Rs 784.19 Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
7.68 1681 1631 2615 -18.68 219 -2.43 – 21.84 0.47 50.63 1.93

 

Standalone Financials and Valuations for Q1 FY17


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
7.68 1681 594 -20.48 219 -2.67 – 21.84 0.47 50.63 1.93

 

Valuation Parameters:

  1. Long Term Debt to Equity – 1
  2. ROE % – (1.11)
  3. Market Cap/Sales – 0.3

Key Updates:

Patel Engineering has won arbitration awards in excess ofRs.2,500 crore and it expects to receive around Rs.1,875 crore immediately which will be utilised to retire debt. http://www.livemint.com/Money/9orVwrYrCGuM7ahfcdTF5I/Patel-Engineering-shares-double-in-a-week.htm

Overview:

  • Patel Engineering Ltd. is an infrastructure and construction services company and is engaged in civil construction business.
  • The Company’s operating segments include Construction, Real Estate and Others. Its businesses include infrastructure, real estate and asset ownership.
  • It operates in all sectors of the infrastructure industry ranging from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates and townships.
  • It specializes in hydro-electric projects, transportation projects, water treatment projects, as well as real estate, such as buildings, townships, malls and structures.
  • The Company’s projects include Sawara Kuddu Hydroelectric Project, Raichur Sholapur Transmission line Project, SRSP Flood Flow Canal Project, Tuirial Hydro Electric Project, Ghatghar Hydro Electric Project, Rampur Hydro Electric Project, Ralco Dam, Parbati Hydro Electric Project and Wesley Seale Dam Spillway.

 Management:

  • Mr. Pravin Patel – Chairman
  • Mr. Rupen Patel – MD
  • Ms. Kavita Shirvaikar – CFO

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 Patel Engineering Employees Welfare Trust 6045000 7.87
2 Life Insurance Corporation of India 2394881 3.12
3 Dinesh Govind Patel 1363806 1.78
4 Sanjiv K Chainani 950000 1.24
  Total 10753687 14

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 7.68 7.68 7.68 6.98 6.98 6.98
Networth 1681 1893 1793 1628 1557 1428
Total Debt 4104 4307 4186 3161 2520 2384
Net Sales 2615 3531 3817 4197 3683 3565
Other Income 71 116 115 82 91 89
PAT -18.68 8.47 16.37 65 66.59 122.61
Book Value (Rs) 219 246 233 233 223 205
EPS (Rs) -2.43 1.10 2.13 9.31 9.54 17.57