Arthneeti

Patel Engineering Q1 FY27 Share Price & Earnings Call Analysis

₹23.58+1.42% today
Market cap
₹2,343 Cr
P/E
5.97
ROE
8.95%
PEG
0.22
Price to sales
0.45
Debt to equity
0.27
52W high / low
₹37.8 / ₹22.2
Sales growth (5Y)
20.66%
EBITDA margin
13.56%
Net profit margin
7.22%
Promoter holding
31.49%
Sales (last year)
₹5,150 Cr

Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport. [1]

Guidance scorecard · Q1 FY27 call

What Patel Engineering Ltd's management guided
and where it ranks in Construction

#46of 58 in
Construction
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Patel Engineering targets approximately 10% revenue growth in FY27, with significant contribution expected in the second half of the fiscal year.
  • The company plans to secure around Rs. 8,000 crores in new orders this year to support growth.
  • Over the next three years, the existing order book is expected to be executed fully, supporting sustained revenue.
  • A near-term opportunity pipeline of approximately Rs. 60,000 crores is identified, covering Hydropower, Pump Storage, Tunneling, Irrigation, and Urban Infrastructure segments.
  • Growth drivers include Hydropower (~60% of order book), Irrigation (~15%), Tunneling (~10%), and Roads/Urban Infrastructure.

2 more points from Patel Engineering Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Patel Engineering Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Working capital and project-level CAPEX expected as execution accelerates.
  • Incremental working capital borrowings of Rs. 100 to 200 crores may be required to support execution.
  • Funding intended primarily through client advances (against bank guarantees), working capital borrowings, asset monetization, and internal accruals.

2 more points from Patel Engineering Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Patel Engineering Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • As of June 30, FY26, the consolidated order book stands at Rs. 14,636 crores.
  • Order book mix: Hydropower 62%, Irrigation 17%, Tunneling 4%, Roads & Urban Infrastructure 17%.
  • Approximately Rs. 9,000 crores worth of bids currently under evaluation.
  • A near-term opportunity pipeline of about Rs. 60,000 crores identified for active pursuit in coming months.
  • Target to secure around Rs. 8,000 crores in new orders during the current year.

2 more points from Patel Engineering Ltd's call on the order book

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Full Q1 FY27 analysis
Full Construction ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Construction
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Patel Engineering Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Construction companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,531 Cr11.7
240%+Flat₹1,089 Cr9.3
340%+Flat₹898 Cr7.6
440%+Flat₹807 Cr14.7
540%+Flat₹554 Cr13.1
640%+Flat₹516 Cr30.7

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Financials of Patel Engineering Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Patel Engineering Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,2051,1191,0211,0611,3431,1021,1741,2061,6121,2331,2081,2391,421
Expenses +1,0369488819191,1069331,0121,0221,3941,0681,0501,0951,206
Operating Profit169171140142238169162184218165159145215
OPM %14%15%14%13%18%15%14%15%14%13%13%12%15%
Other Income +3512245275254210-623932-14-53
Interest104889289938479807973766879
Depreciation21222323292624242625262626
Profit before tax80724982190831018952105893757
Tax %-0%42%22%16%26%43%27%10%33%24%27%-153%44%
Net Profit +824338691405573823881737244
EPS in Rs0.900.430.410.761.380.540.740.800.360.780.720.710.42

Financials of Patel Engineering Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,4154,0413,8842,2752,3622,6171,9953,3803,8914,5445,0935,103
Expenses +2,9193,6423,4631,7431,9852,4321,7502,8503,3303,8544,3454,419
Operating Profit496399421531377185244530562690749684
OPM %15%10%11%23%16%7%12%16%14%15%15%13%
Other Income +13141165106247202-11583149163-14
Interest516602579489370266401420412362322296
Depreciation80557854506672828198100104
Profit before tax32-216-719420455-344112218393326288
Tax %69%-9%45%-12%22%43%-21%39%18%26%27%6%
Net Profit +10-196-10310515411-29172183290248269
EPS in Rs0.26-6.04-1.551.582.220.15-3.540.852.023.192.502.63
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Patel Engineering Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8816161641474877778499
Reserves1,8851,7052,1232,1442,2602,5062,2732,3362,8113,0763,7004,341
Borrowings +5,1635,3954,9822,9102,6982,2962,2962,2921,7581,9101,6151,216
Other Liabilities +2,1832,4042,5552,3443,2263,4853,4713,8354,1113,9334,1803,866
Total Liabilities9,2399,5129,6767,4148,2018,3288,0878,5108,7578,9969,5809,522
Fixed Assets +6586226295565786076831,1811,2311,3191,3281,338
CWIP9828378687921,0631,141679283294233171126
Investments18216413814011679688213515518153
Other Assets +7,4177,8898,0405,9266,4436,5016,6586,9657,0967,2897,9008,005
Total Assets9,2399,5129,6767,4148,2018,3288,0878,5108,7578,9969,5809,522

Financials of Patel Engineering Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-1-48567403836407389514702688363560
Cash from Investing Activity +-244272-222245-327-477-121-224-132-1585
Cash from Financing Activity +229-311-343-578-513-367-311-340-541-429-283-516
Net Cash Flow-16-86270-4-78554-6312666129
Free Cash Flow-24187459552523361275371534541275452
CFO/OP11%4%139%54%203%186%164%112%140%114%46%89%

Financials of Patel Engineering Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days614624393546796147445443
Inventory Days95
Days Payable210
Cash Conversion Cycle6146243935467961474454-72
Working Capital Days991088113214112126114014011713282
ROCE %8%7%8%11%10%6%6%12%13%14%15%14%

Guidance history

How Patel Engineering Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →10–20%FlatPlannedPlannedRising
Q3 FY26 call →0–10%FlatPlannedNone plannedRising
Q2 FY26 call →10–20%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−36.5%15%
Last 6 months−16.9%24%
Last 3 months−13.9%31%

The price is 96.6% below its all-time high of ₹683.78 (4 Jan 2008). Stocks more than 20% below their peak have their score halved, so 22 became 11.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Patel Engineering Ltd: 0.4 × 15 + 0.4 × 24 + 0.2 × 31 = 22, halved to 11 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Patel Engineering Ltd's management said in earlier quarters

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