Patel Engineering Ltd
About
Patel Engineering was founded in 1949 as an infrastructure and construction company. Today, it works with four major business verticals: infrastructure, asset ownership, real estate, and technology and ownership. The company has covered dams, tunnels, hydroelectric and irrigation projects, bridges, highways, railways, and refineries. Its foray into real estate includes buildings, malls, townships, and related structures. Patel Engineering was the first company to introduce Roller Compacted Concrete (RCC) dams in India and has also pioneered lake tapping and microtunneling in the Indian market. Some of its projects include the Kameng hydroelectric project, the Sela Pass road tunnel, and the Raichur-Sholapur transmission line project. Since its inception, the company has generated over 8000 MW of power, built more than 180 km of tunnels, and irrigated over 5.5 lakh acres of land in India.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4753 15.0% | 4132 18.2% | 3497 61.9% | 2160 -23.5% | 2823 7.5% | 2627 1.4% | 2590 -37.4% | 4138 -1.3% | 4194 18.8% | 3531 -7.3% | 3808 -9.3% | 4197 13.9% | 3683 3.3% | 3565 8.4% | 3289 25.7% | 2616 - |
| Net Operating Income (INR Cr) | 4544 16.78% | 3891 15.11% | 3380 69.46% | 1995 -23.78% | 2617 10.79% | 2362 3.85% | 2275 -41.44% | 3884 -3.89% | 4041 18.31% | 3415 -7.72% | 3701 -10.05% | 4115 14.55% | 3592 3.34% | 3476 8.93% | 3191 29.72% | 2460 63.20% |
| Profit (INR Cr) | 290 58.2% | 183 154.5% | 72 - | -291 - | 11 -92.8% | 154 47.1% | 105 - | -103 - | -196 - | 8 -48.3% | 16 -74.8% | 65 -2.4% | 67 -45.7% | 123 -38.1% | 198 9.8% | 180 - |
| Assets (INR Cr) | 6320 2.7% | 6151 -1.1% | 6219 2.0% | 6094 7.0% | 5694 -1.7% | 5794 4.1% | 5568 -29.5% | 7897 -0.5% | 7939 3.2% | 7692 10.7% | 6948 27.2% | 5464 9.7% | 4982 14.3% | 4358 33.9% | 3254 16.8% | 2786 - |
| Net Worth (INR Cr) | 3149 9.0% | 2888 21.2% | 2384 2.8% | 2320 -8.9% | 2547 11.9% | 2277 5.4% | 2160 1.0% | 2139 24.9% | 1713 -9.5% | 1893 5.6% | 1793 10.2% | 1628 4.6% | 1557 9.0% | 1428 4.8% | 1363 34.0% | 1017 20.3% |
| Employee Cost (INR Cr) | 354 8.6% | 326 22.3% | 267 32.4% | 201 3.6% | 194 15.9% | 168 11.0% | 151 0.8% | 150 8.9% | 138 1.9% | 135 -4.7% | 142 21.7% | 116 -0.9% | 117 2.6% | 114 -18.7% | 141 9.9% | 128 - |
| Interest Cost (INR Cr) | 362 | 412 | 420 | 401 | 266 | 370 | 489 | 579 | 602 | 516 | 438 | 437 | 333 | 297 | 192 | 189 |
| Cash & Bank Balance (INR Cr) | 339 | 208 | 261 | 196 | 114 | 125 | 132 | 61 | 64 | 152 | 188 | 340 | 333 | 242 | 232 | 295 |
| Total Debt (INR Cr) | 1910 | 1758 | 2292 | 2296 | 2296 | 2698 | 2910 | 4982 | 5395 | 5163 | 4478 | 3475 | 2838 | 2384 | 1830 | 1747 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.1% | 4.4% | 2.1% | - | 0.4% | 5.9% | 4.1% | - | - | 0.2% | 0.4% | 1.6% | 1.8% | 3.4% | 6.0% | 6.9% |
| Profit As % Of Assets | 4.6% | 3.0% | 1.2% | - | 0.2% | 2.7% | 1.9% | - | - | 0.1% | 0.2% | 1.2% | 1.3% | 2.8% | 6.1% | 6.5% |
| Profit As % Of Networth | 9.2% | 6.4% | 3.0% | - | 0.4% | 6.8% | 4.9% | - | - | 0.5% | 0.9% | 4.0% | 4.3% | 8.6% | 14.5% | 17.7% |
| Interest Cost to EBITDA % | 56.2% | 87.8% | 101.1% | - | 146.8% | 103.0% | 152.3% | 174.5% | 209.4% | 100.9% | 95.4% | 78.2% | 72.2% | 62.5% | 37.8% | 48.5% |
| Debt to Equity Ratio | 0.61 | 0.61 | 0.96 | 0.99 | 0.90 | 1.19 | 1.35 | 2.33 | 3.15 | 2.73 | 2.50 | 2.14 | 1.82 | 1.67 | 1.34 | 1.72 |
| RONW | 7.5% | 6.8% | 3.8% | - | 0.8% | 5.3% | 9.0% | - | - | 0.2% | 1.2% | 4.5% | 4.5% | 9.0% | 14.9% | 20.1% |
| ROCE | 11.0% | 9.7% | 9.3% | 4.8% | 5.1% | 8.8% | 10.3% | 7.4% | 6.5% | 7.2% | 7.7% | 10.9% | 9.9% | 12.7% | 15.1% | 17.5% |