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6M Return -31.08%
1Y Return -33.98%
Mkt Cap.(Cr) 737.52
Volume 396,666
Div Yield 0.00%
OI Chg %
Volume 396,666

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Patel Engineering Ltd.

Q3FY23 Quarterly Result Announced for Patel Engineering Ltd.

Construction & engineering firm Patel Engineering announced Q3FY23 results:

  • Q3FY23:
    • Revenue for Q3FY23 at Rs 10,369.77 million, 18.11% YoY growth.
    • Operating EBITDA for Q3FY23 at Rs 1,637.48 million, 11.86% YoY growth.
    • Total order book as of Q3FY23 stood at Rs 1,68,094 million.
  • Patel Engineering 9MFY23 consolidated net profit up 109.89%.
  • Q3FY23 standalone basis debt-equity ratio stood at 0.79.
  • Sector-wise revenue contribution for Standalone Q3FY23 stood at hydro 52%, tunnel 21%, irrigation 13%, road 6%, and others 8%.

Commenting on the performance, Mr. Rupen Patel, Chairman & Managing Director of Patel Engineering Limited said, “The performance of our company has improved significantly in the quarter due to growth in our operations. Our profitability for 9 months has more than doubled as compared to the corresponding previous year surpassing all targets.

Infrastructure is the prime focus of the government with increased allocations in the budget and we expect to continue growing our order book.

Hydropower remains one of the oldest sources of renewable energy and to achieve net zero goals it is going to be one of the focus area for energy consumption. Our expertise in the segment will be a key growth driver going forward apart from other infrastructure segments.”

Commenting on the result, Ms. Kavita Shirvaikar, Director & CFO said, “We continue to focus on improving the leverage situation of the company along with improving operational efficiency to do this we continue to focus on monetizing non-core assets also we are in process of raising funds through the Rights Issue.

This will help us in reaching our target of debt reduction and also help in funding the working capital requirements of the company.”


Result PDF

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Operating Profit

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Operating Profit

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Patel Engineering Ltd Stocks COMPARISION


Equity Capital: 2,383.63 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,948.47 4,147.77
LAST 3M 50,808.43 -11,347.14
LAST 6M 78,521.89 15,105.83
LAST 12M 169,956.63 -37,974.87

Patel Engineering successfully bids for Dibang Multipurpose Project worth Rs 3637.12 cr

Mar 23, 2023 l BSE Announcement

Patel Engineering Limited - Press Release

Mar 23, 2023 l NSE Announcement

Patel Engineering Limited - Press Release

Mar 22, 2023 l NSE Announcement

Date Action Type Ratio
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Patel Engineering Ltd Information

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  • Patel Engineering Limited (PEL) wet its feet in the industry during the year 1949. PEL is a dynamic and progressive Indian Engineering company committed to providing the entire range of civil engineering services involved in the design, construction of Power Houses, Hydroeletric Projects, Commercial Building, Industrial Complexes, Dams, Tunnels, Underground Structures, Steel and Concrete Structures, Bridges, Marine Works, Flyovers and National Highways in India and abroad. ISO 9002: 2000 certification Company and access to internationally renowned Licensors & Contractors make it the ideal engineering solutions partner for a wide spectrum of services covering a variety of industries. During the year 1993-94, the company had commenced production in plastic products through its subsidiary ENPRO. In the period of 1997-98, the company had entered into joint ventures with ENERGOPROJECT, Yuguslavia. PEL had established a separate entity in the year 1999-2000 in the name and style of ASI Civil Constructors under the laws of the state of California as a regular corporation with a fiscal year end of March 31st- ASI RCC, Inc., purchased all of the stock of this entity for $ 80,000 cash. In the same year 1999-00, the company had assigned 4A 3(best) rating by the world renowned Dun & Bradstreet with 16 times the market`s capitalization. PEL had achieved a break-through in highways and road projects. In 2001 the company had been accredited with ISO 9002 certification. The Company had secured contract for construction of India`s first "Roller Compacted Concrete" Dam for the Ghatghr Hydro Electric project in the year 2002 and also in same year, PEL had incorporated a wholly owned subsidiary in USA under the name of Patel Engineering Inc to protect the parent company in India against all claims, litigations that may emanate in the executed projects overseas. Totally 5,418 kms of the National Highway Development project had been completed as of 31st January of the year 2005. In the year 2006-07 alone, PEL had incorporated 18 subsidiaries, out of that; two companies namely Patel KNR Infrastructure Pvt Ltd and Patel Engineering Pvt Ltd were incorporated as a special purpose vehicle. In December of the year 2007, it bagged an order worth Rs 1,188.5 million for double lake tapping and other civil works of Koyna Dam Foot Power House for the Water Resources Department, Government of Maharashtra. During the year 2007-08, the company acquired 51% stake in Michigan Engineers (Michigan), a Mumbai based urban Infrastructure Company and 96% stake in Patel Energy, which entered into an MOU with Gujarat Power Corporation, Government of Gujarat for establishing a 1,200 MW imported coal-based power project at Ghogha, Bhavnagar. In June of the year 2008, the company bagged the USD 280 million Taum Sauck upper reservoir dam reconstruction project, the largest RCC dam in Missouri, USA. Patel Engineering is planning to increase its presence in export markets especially in USA and Africa and has lined up Rs 4 billion for its expansion plan, which would be invested over the next two years into equipment and allied areas to strengthen its overseas operations. The company is already having a subsidiary, ASI Contractor Inc., in the US through which it implements projects in the region.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 531120
Book Closure Date (Month) :
BSE Group : B
ISIN : INE244B01030

FAQ’s on Patel Engineering Ltd Shares

You can buy Patel Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Patel Engineering Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 27, 2023 04:01 PM the closing price of Patel Engineering Ltd was ₹ 14.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 27, 2023 04:01 PM, the market cap of Patel Engineering Ltd stood at ₹ 737.52.

The latest PE ratio of Patel Engineering Ltd as of Mar 27, 2023 04:01 PM is 7.36

The latest PB ratio of Patel Engineering Ltd as of Mar 27, 2023 04:01 PM is 2.53

The 52-week high of Patel Engineering Ltd is ₹ 26.80 while the 52-week low is ₹ 13.10

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