RKEC Projects Ltd. (IN:RKEC)
:RKEC
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RKEC Projects Ltd.
(RKEC)
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Rating:50Neutral
Price Target:
₹35.00
▼(-36.04% Downside)
Action:Reiterated
Date:04/16/26
The score is held back primarily by weak cash generation and deeply negative free cash flow alongside a sharp TTM revenue decline, despite moderate margins and manageable (but not conservative) leverage. Technicals show a short-term recovery but still below longer-term trend levels, and valuation appears mid-range based on the provided P/E.
Positive Factors
Diverse civil infrastructure expertise
A broad project scope across marine, roads, bridges, buildings and irrigation builds a durable revenue base tied to public and private infrastructure cycles. Specialization in challenging projects and on-time delivery supports repeat contract wins and long-term client relationships.
Negative Factors
Very weak cash generation
Persistently weak operating cash and deeply negative FCF signal structural working-capital strain or project timing mismatches. Over months this undermines the company's ability to self-fund contracts, raises refinancing needs, and increases execution risk on large or overlapping projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse civil infrastructure expertise
A broad project scope across marine, roads, bridges, buildings and irrigation builds a durable revenue base tied to public and private infrastructure cycles. Specialization in challenging projects and on-time delivery supports repeat contract wins and long-term client relationships.
Read all positive factors
RKEC Projects Ltd. (RKEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹744.67M
Dividend YieldN/A
Average Volume (3M)73.51K
Price to Earnings (P/E)20.3
Beta (1Y)1.56
Revenue Growth-34.89%
EPS Growth-59.38%
CountryIN
Employees481
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)3.85
Shares Outstanding23,990,600
10 Day Avg. Volume33,835
30 Day Avg. Volume73,506
Financial Highlights & Ratios
PEG Ratio22.15
Price to Book (P/B)0.85
Price to Sales (P/S)0.38
P/FCF Ratio-2.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
RKEC Projects Ltd. Business Overview & Revenue Model
Company Description
RKEC Projects Limited operates as an engineering construction company in India. The company constructs marine structures, such as wharves, berths, jetties, mooring dolphins, intake structures break waters, and coastal-shore protection works; and r...
How the Company Makes Money
RKEC Projects Ltd. generates revenue by executing civil and infrastructure construction contracts awarded by government agencies, public sector undertakings, and private organizations. The company's revenue streams primarily consist of payments fo...
RKEC Projects Ltd. Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.81B | 4.22B | 3.53B | 2.78B | 2.11B | 2.08B |
| Gross Profit | 562.00M | 650.93M | 1.06B | 772.97M | 660.16M | 571.44M |
| EBITDA | 397.69M | 583.24M | 509.31M | 519.58M | 294.44M | 289.99M |
| Net Income | 95.11M | 200.38M | 199.58M | 124.27M | 71.19M | 127.64M |
Balance Sheet | ||||||
| Total Assets | 5.74B | 5.81B | 4.66B | 4.40B | 3.67B | 3.78B |
| Cash, Cash Equivalents and Short-Term Investments | 504.25M | 470.60M | 130.47M | 67.91M | 261.45M | 8.43M |
| Total Debt | 1.93B | 1.95B | 1.50B | 1.16B | 1.41B | 1.11B |
| Total Liabilities | 3.64B | 3.92B | 2.97B | 2.92B | 2.30B | 2.48B |
| Stockholders Equity | 2.10B | 1.89B | 1.69B | 1.49B | 1.37B | 1.30B |
Cash Flow | ||||||
| Free Cash Flow | -394.90M | -708.75M | -19.73M | -107.25M | 104.03M | -631.57M |
| Operating Cash Flow | 9.15M | -128.16M | 241.27M | 160.28M | 117.18M | -367.71M |
| Investing Cash Flow | -271.92M | -439.38M | -310.50M | 52.07M | -15.18M | 31.84M |
| Financing Cash Flow | 174.59M | 370.02M | 131.79M | -405.88M | 151.01M | 301.87M |
RKEC Projects Ltd. Technical Analysis
Negative
54.72
Price Trends
35.96
Negative
42.39
Negative
53.79
Negative
Market Momentum
-1.41
Positive
36.92
Neutral
11.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RKEC, the sentiment is Negative. The current price of 54.72 is above the 20-day moving average (MA) of 35.16, above the 50-day MA of 35.96, and above the 200-day MA of 53.79, indicating a bearish trend. The MACD of -1.41 indicates Positive momentum. The RSI at 36.92 is Neutral, neither overbought nor oversold. The STOCH value of 11.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RKEC.
RKEC Projects Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | ₹1.28B | 27.61 | ― | ― | 33.90% | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹3.81B | -12.79 | ― | ― | 31.75% | -125.05% | |
50 Neutral | ₹744.67M | 20.28 | ― | ― | -34.89% | -59.38% | |
46 Neutral | ₹1.51B | -0.64 | ― | ― | -18.68% | 29.67% | |
44 Neutral | ₹557.77M | -0.89 | ― | ― | -22.90% | ― | |
43 Neutral | ₹954.53M | -0.31 | ― | ― | 13.86% | -104.64% |
* Services Sector Average
IN:RKEC
RKEC Projects Ltd.
31.22
-50.02
-61.57%
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IN:TARMAT
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6.08%
RKEC Projects Ltd. Corporate Events
RKEC Projects Faces Termination of Rs 186.67 Crore Mumbai Jetty Contract
Apr 22, 2026
RKEC Projects Ltd. has disclosed that a major EPC contract for constructing passenger jetty and terminal facilities at Radio Jetty near Mumbai’s Gateway of India, valued at about Rs 186.67 crore, has been terminated by the client. The client...
RKEC Projects Wins Rs 40.5 Crore NHAI Bridge Contract in Bihar
Mar 24, 2026
RKEC Projects Ltd. has secured a new EPC contract from the National Highways Authority of India to execute balance work on a new bridge over the Gandak river, including approach roads, and to rehabilitate the existing Gandak and Mahi bridges on th...
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.