Patel Engineering Limited (PATELENG) AI Stock Analysis

• Market Cap: ₹31.93B
• Dividend Yield: N/A
• Average Volume (3M): 339.59K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 1.55
• Revenue Growth: 15.42%
• EPS Growth: -13.01%
• Country: IN
• Employees: 4,580
• Sector: Industrials
• Sector Strength: 78
• Industry: Engineering & Construction
• EPS (TTM): 0.92
• Shares Outstanding: 844,376,100
• 10 Day Avg. Volume: 441,311
• 30 Day Avg. Volume: 339,593
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹43.00
• Price Target Upside: 13.70% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹43.00 ▲(13.70% Upside)

Patel Engineering Limited shows solid financial health with strong revenue growth and effective cash flow management. However, technical indicators point to bearish momentum, and valuation metrics are moderately attractive without dividend yield support. Monitoring financial leverage and market conditions is crucial.

Patel Engineering Limited Business Overview & Revenue Model

Company Description

Patel Engineering Limited (PATELENG) is a prominent civil construction company based in India, with a strong focus on the infrastructure sector. The company specializes in hydropower, irrigation, water supply, urban infrastructure, and transportation segments. It is recognized for its expertise in executing complex engineering projects, including dams, tunnels, and highways, contributing significantly to the nation's infrastructure development.

How the Company Makes Money

Patel Engineering Limited generates revenue primarily through its construction and engineering projects across various sectors. The company secures contracts from government bodies, private entities, and international clients for infrastructure development. Revenue streams include project execution fees, construction services, and engineering consultancy. Additionally, the company may form joint ventures or partnerships to undertake large-scale projects, which can also contribute to its income. Key factors contributing to its earnings include its technical expertise, strategic project management, and ability to deliver projects on time and within budget.

Patel Engineering Limited Financial Statement Overview

Summary

Patel Engineering Limited exhibits strong revenue growth and effective cash flow management, with improved profitability margins. However, there are fluctuations in net income and moderate financial leverage, which require careful monitoring.

Income Statement

Patel Engineering Limited has shown a strong revenue growth rate with an upward trajectory over the years, moving from INR 17,842 million in 2021 to INR 50,934 million in 2025. The gross profit margin has also improved, supporting profitability. However, the net profit margin experienced fluctuations, indicating some variability in cost management or other expenses.

Balance Sheet

The company's balance sheet reflects stability with a manageable debt-to-equity ratio, albeit with a slight increase in total debt. The return on equity has been positive, indicating efficient use of shareholders' capital. Nonetheless, the equity ratio indicates a moderate level of financial leverage, which could pose risks if not managed well.

Cash Flow

Cash flow analysis reveals strong operating cash flows, enhancing liquidity. The company has maintained positive free cash flow, which is crucial for funding operations and growth. Despite a decrease in free cash flow growth in recent years, the operating cash flow to net income ratio remains robust, highlighting efficient cash management.

Breakdown	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	50.93B	42.02B	45.44B	32.49B	17.84B
Gross Profit	13.99B	11.41B	12.52B	7.88B	4.92B
EBITDA	7.26B	6.76B	7.96B	6.13B	1.26B
Net Income	2.48B	1.83B	2.90B	720.98M	-2.91B
Balance Sheet
Total Assets	95.80B	87.50B	89.96B	85.10B	80.87B
Cash, Cash Equivalents and Short-Term Investments	5.16B	4.40B	3.39B	2.62B	1.96B
Total Debt	16.15B	17.70B	19.10B	22.92B	22.92B
Total Liabilities	58.03B	57.74B	58.34B	60.55B	57.06B
Stockholders Equity	37.85B	28.88B	31.54B	23.84B	23.20B
Cash Flow
Free Cash Flow	2.73B	5.09B	5.29B	3.56B	2.55B
Operating Cash Flow	3.63B	6.93B	6.88B	5.37B	3.89B
Investing Cash Flow	-148.25M	-2.17B	-1.32B	-1.44B	68.79M
Financing Cash Flow	-2.83B	-5.36B	-4.29B	-3.40B	-3.11B

Patel Engineering Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 37.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 37.82 is below the 20-day moving average (MA) of 37.97, below the 50-day MA of 39.81, and below the 200-day MA of 45.08, indicating a bearish trend. The MACD of -0.53 indicates Negative momentum. The RSI at 45.46 is Neutral, neither overbought nor oversold. The STOCH value of 50.26 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	71 Outperform	¥267.71B	14.94	8.32%	2.77%	6.08%	11.04%
HGINFRA	66 Neutral	₹62.73B	14.20		0.21%	-9.81%	-19.80%
KNRCON	66 Neutral	₹55.85B	5.86		0.13%	-1.26%	17.20%
PATELENG	64 Neutral	₹31.93B	11.96		―	15.42%	-13.01%
DBL	61 Neutral	₹69.76B	8.37		0.21%	-11.92%	176.97%
HCC	41 Neutral	₹46.49B	27.64		―	-29.25%	-66.38%

Patel Engineering Limited Corporate Events

Patel Engineering Approves INR 200 Crore Debenture Issuance

Patel Engineering Limited’s Board of Directors has approved the issuance of non-convertible debentures up to INR 200 crore through private placement. This strategic move is aimed at enhancing the company’s financial resources, potentially impacting its market positioning and providing new opportunities for stakeholders.