Patel Engineering Limited (IN:PATELENG)
:PATELENG
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Patel Engineering Limited
(PATELENG)
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Rating:66Neutral
Price Target:
₹24.00
▼(-16.72% Downside)
Action:ReiteratedDate:01/17/26
Overall score is driven mainly by solid financial performance (strong revenue growth and generally healthy cash generation). This is partially offset by mixed technical signals (negative MACD and trading below key longer-term moving averages). Valuation is supportive due to a low P/E.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion over multiple years indicates durable demand for large EPC projects and successful bid-to-execution conversion. For a project-based contractor, steadily rising topline points to healthy order intake, backlog conversion and longer-term contract visibility that supports predictable cash flows.
Negative Factors
Net profit margin volatility
Volatile net margins point to uneven project-level outcomes, variable overhead absorption and unpredictable non-operating items or exceptional costs. For an EPC firm, this reduces earnings predictability, complicates long-term planning and can amplify funding and return variability across multi-year contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion over multiple years indicates durable demand for large EPC projects and successful bid-to-execution conversion. For a project-based contractor, steadily rising topline points to healthy order intake, backlog conversion and longer-term contract visibility that supports predictable cash flows.
Read all positive factors
Patel Engineering Limited (PATELENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.80B
Dividend YieldN/A
Average Volume (3M)274.76K
Price to Earnings (P/E)8.8
Beta (1Y)1.32
Revenue Growth12.37%
EPS Growth-22.25%
CountryIN
Employees4,580
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.82
Shares Outstanding992,141,900
10 Day Avg. Volume172,937
30 Day Avg. Volume274,758
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)0.92
Price to Sales (P/S)0.68
P/FCF Ratio12.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹36.00Price Target Upside24.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.93
Revenue Forecast (FY)₹59.19B
Patel Engineering Limited Business Overview & Revenue Model
Company Description
Patel Engineering Limited, together with its subsidiaries, provides infrastructure and construction services in India and internationally. It undertakes hydro-power and transport projects, water works, urban structures, and micro tunnelling projec...
How the Company Makes Money
Patel Engineering primarily makes money by executing large, contract-based infrastructure projects. Its main revenue stream is income recognized from EPC/construction contracts, typically awarded through competitive tenders (often by government de...
Patel Engineering Limited Financial Statement Overview
Summary
Income Statement
77
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.59B | 50.93B | 45.44B | 38.91B | 33.80B | 19.95B |
| Gross Profit | 12.22B | 13.99B | 12.52B | 6.35B | 9.36B | 4.92B |
| EBITDA | 8.04B | 7.26B | 7.96B | 6.76B | 6.13B | 1.26B |
| Net Income | 2.72B | 2.48B | 2.90B | 1.83B | 720.98M | -2.91B |
Balance Sheet | ||||||
| Total Assets | 96.20B | 95.80B | 89.96B | 87.50B | 85.10B | 80.87B |
| Cash, Cash Equivalents and Short-Term Investments | 6.49B | 5.16B | 3.39B | 4.40B | 2.62B | 1.96B |
| Total Debt | 15.60B | 16.15B | 19.10B | 17.70B | 22.92B | 22.92B |
| Total Liabilities | 56.87B | 58.03B | 58.34B | 57.74B | 60.55B | 57.06B |
| Stockholders Equity | 39.33B | 37.85B | 31.54B | 28.88B | 23.84B | 23.20B |
Cash Flow | ||||||
| Free Cash Flow | 3.32B | 2.73B | 5.29B | 5.09B | 3.56B | 2.55B |
| Operating Cash Flow | 3.80B | 3.63B | 6.88B | 6.93B | 5.37B | 3.89B |
| Investing Cash Flow | -4.84M | -148.25M | -1.32B | -2.17B | -1.44B | 68.79M |
| Financing Cash Flow | -2.41B | -2.83B | -4.29B | -2.10B | -3.40B | -3.11B |
Patel Engineering Limited Technical Analysis
Negative
28.82
Price Trends
27.16
Negative
29.47
Negative
34.11
Negative
Market Momentum
-1.07
Positive
43.18
Neutral
24.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PATELENG, the sentiment is Negative. The current price of 28.82 is above the 20-day moving average (MA) of 24.72, above the 50-day MA of 27.16, and below the 200-day MA of 34.11, indicating a bearish trend. The MACD of -1.07 indicates Positive momentum. The RSI at 43.18 is Neutral, neither overbought nor oversold. The STOCH value of 24.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PATELENG.
Patel Engineering Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹34.80B | 11.13 | ― | 0.16% | -42.73% | -44.36% | |
66 Neutral | ₹22.80B | 8.76 | ― | ― | 12.37% | -22.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ₹66.02B | 2.45 | ― | 0.21% | -13.57% | 40.24% | |
60 Neutral | ₹31.04B | 13.05 | ― | 0.25% | -8.92% | -22.83% | |
45 Neutral | ₹39.58B | 118.38 | ― | ― | -31.50% | -74.38% |
* Industrials Sector Average
IN:PATELENG
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Patel Engineering Limited Corporate Events
Patel Engineering Wins Rs 910-Crore Renuka Ji Dam Contract from HPPCL
Mar 19, 2026
Patel Engineering Limited has secured a Letter of Award from Himachal Pradesh Power Corporation Limited for Package-1 of the Renuka Ji Dam Project in Himachal Pradesh, a contract valued at Rs. 910.08 crore including GST. The award follows the firm...
Patel Engineering Inducts Governance Specialist Sudha Navandar as Independent Director
Mar 16, 2026
Patel Engineering Limited has appointed chartered accountant and insolvency professional Ms. Sudha Pravin Navandar as an Additional Independent Director for a three-year term starting 16 March 2026, subject to shareholder approval. With over three...
Patel Engineering Says Surge in Share Volume Is Market-Driven, Cites Recent Rights Issue
Jan 19, 2026
Patel Engineering Limited has clarified to the National Stock Exchange of India that the recent significant increase in trading volume of its shares is entirely market-driven and not linked to any undisclosed information or corporate developments....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.