Patel Engineering Limited
Incorporated in 1949, Patel Engineering Limited (PEL) is engaged in the civil engineering and construction segment majorly for government entities. Over the years, it has executed various types of projects from dams, tunnels, micro-tunnels, hydroelec...
Key Metrics
EPS
3.75
Current ratio
1.45
Debt/Equity
0.86
Debt/EBITDA
3.19
Interest coverage ratio
2.09
Operating Cashflow to total debt
0.25
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Established market position, experienced promoters and management team.
Robust order book position providing revenue visibility
Increase in scale of operations with stable operating margins
Improving capital structure and debt protection metrics
Realisation of receivables and monetization of non-core assets
Liquidity –Adequate
Cons
Working capital intensive operations
Volatile input prices
Highly fragmented & competitive industry with significant price war
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About Patel Engineering Limited bond.
This comprehensive profile covers key factual information about Patel Engineering Limited. Incorporated in 1949, Patel Engineering Limited (PEL) is engaged in the civil engineering and construction segment majorly for government entities. Over the years, it has executed various types of projects from dams, tunnels, micro-tunnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates and townships. EPS in Mar-2024 was 3.75. Current ratio in Mar-2024 was 1.45. Debt/Equity in Mar-2024 was 0.86. Debt/EBITDA in Mar-2024 was 3.19. Interest coverage ratio in Mar-2024 was 2.09. Operating Cashflow to total debt in Mar-2024 was 0.25. Total revenue for Mar-2025(E) was ₹5738.49. Net income for Mar-2025(E) stood at ₹527.29. Total assets as of Mar-2024 were ₹8,996.12. Operating cash flow for Mar-2024 was ₹687.83. The company’s borrowing relationships include (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Patel Engineering Limited, Larsen and Toubro Limited, GMR Airports Limited, IRB Infrastructure Developers Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established market position, experienced promoters and management team.; Robust order book position providing revenue visibility; Increase in scale of operations with stable operating margins; Improving capital structure and debt protection metrics; Realisation of receivables and monetization of non-core assets; Liquidity –Adequate. Key risks include: Working capital intensive operations; Volatile input prices; Highly fragmented & competitive industry with significant price war. Leadership team details include Kavita Shirvaikar (Managing Director and Executive Director. She is a finance professional who has been recognized for her leadership and contributions to the company.), Janky Patel (Chairman), Rahul Agarwal (Chief Financial Officer), Shobha Ranjit Shetty (Compliance Officer), Sandeep PRN Shetty (Corporate Officer/Principal), Moni Gupta (Human Resources Manager), Vedant Desai (Manager-Legal), Rupen Patel (Chairman and Managing Director. He has an MBA from Babson College in the U.S.A. and a degree in commerce from Mumbai University.). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.