Patel Engineering Limited, founded in 1949, is one of India's major Infrastructure and Construction services companies. The company possesses extensive experience across all sectors of the Infrastructure industry, including dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries, as well as real estate and townships. Headquartered in Mumbai, Maharashtra, Patel Engineering Limited is one of the most integrated infrastructure and construction services conglomerates in India.
The company has solidified its position as a leader in the infrastructure sector through its comprehensive project portfolio and technical expertise. Patel Engineering provides reliable solutions to clients' most complex construction challenges and is recognized for its strength in traditional construction methods and its creative, forward-thinking approach to cutting-edge technologies and delivery systems.
Patel Engineering is a prominent player in the civil engineering construction segment, with a strong specialization in hydropower, tunneling, and irrigation. Its operations encompass heavy civil engineering works, including the construction of dams, bridges, tunnels, roads, and industrial structures. The company's expertise extends to hydro-electric projects, transportation projects, water treatment projects, and real estate developments such as buildings, townships, malls, and various structures.
The company has demonstrated significant expertise in hydropower projects, which constitute a substantial portion of its business. Currently, with approximately 18,000 MW of hydropower under construction, Patel Engineering Limited is involved in the execution of about 8,000 MW, holding around a 45% share in current projects. More than 60% of the company's ₹19,000 crore order book comprises Hydropower projects.
The company has a market capitalization of ₹3,397 crore. Over the past year, the Patel Engineering share price has seen a decrease of 32.71%. The 52-week high for Patel Engineering Limited is ₹71.40, and the 52-week low is ₹35.68.
Full Year FY25 (Ended March 31, 2025):
- Revenue: Sales increased by 12.09% to ₹5,093.36 crore, compared to ₹4,544.11 crore in the previous fiscal year.
- Net Profit: Net profit declined by 10.26% to ₹242.11 crore, from ₹269.79 crore in the previous fiscal year.
Quarter Ended March 31, 2025 (Q4 FY25):
- Revenue from Operations: ₹1,611.9 crore, marking a 20% year-on-year growth from ₹1,343.2 crore in Q4 FY24.
- Net Profit: Declined by 71.43% to ₹35.80 crore, compared to ₹125.29 crore in the corresponding quarter of the previous year.
- EBITDA: Operating EBITDA slipped 8.09% year-on-year to ₹218.34 crore. The Operating EBITDA margin stood at 13.55% in Q4 FY25, lower than 17.69% in Q4 FY24.
- Promoter Holding: 36.1%
- Return on Equity (ROE): Low ROE of 8.29% over the last 3 years.
- P/E Ratio: 13.33
- P/B Ratio: 1.02
As of March 31, 2025, the company's order book stood at ₹15,218 crore. Additionally, Patel Engineering has further secured orders totaling around ₹2,500 crore that have been declared L1 / received subsequently. This substantial order book provides strong revenue visibility and underscores the company's solid market position.
One of the company's significant recent achievements includes the completion of the Sela Pass Road Tunnel Project, recognized as the World's Longest Bi-lane Tunnel. This project presented considerable challenges, with the team working under suboptimal conditions of -20°C and employing cutting-edge technology and specialized materials.
The company has also been declared the L1 (lowest bidder) for the Kondhane Dam project, located in Village Kondhane, Taluka Karjat, District Raigad, Maharashtra. This project is scheduled for completion within 42 months.
The Board of Directors has approved the issuance of non-convertible debentures worth INR 200 crore through private placement. This initiative aims to enhance financial resources and strengthen the company's market positioning.
Patel Engineering Limited's CFO and Whole-time Director, Kavita Shirvaikar, was honored with the Best CFO of the Year award at the Business Leader of the Year Awards 2024. This award highlights her exceptional financial stewardship, strategic acumen, and commitment to innovation.
Commenting on the Q4 FY25 results, Kavita Shirvaikar stated, "We are happy to present a strong set of numbers with revenues surpassing Rs 5,000 crore for the first time this year demonstrating the company's ability to drive consistent growth while enhancing operational efficiency."
The company's stock is listed on both the NSE and BSE under the symbol PATELENG. It is also included in various indices such as BSE SmallCap, BSE Allcap, BSE Industrials, Nifty Microcap 250, and Nifty Total Market. Patel Engineering Limited belongs to the Industrials sector and its sub-sector is Construction & Engineering.
