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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Patel Engineering Limited is an India-based infrastructure and construction services company, which is engaged in civil engineering and construction of hydro projects, dams, tunnels, roads, railways. It is also involved in real estate activities with owned or leased property.…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, steadily growing business, trading cheap versus its own history — but flagged on governance.
Patel Engineering is scored on the general / industrial framework. It keeps a slim 5.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.08× reported profit. It throws off free cash worth 26.1% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 10%/yr and profit at 15%/yr. Book value has grown 14%/yr. Return on equity is a modest 8.3%. In the latest quarter profit grew 188% versus the prior quarter.
At 9× earnings, the stock sits at the 7th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-3%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: 58% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 8.23 | 22.44 | better |
| P/B | 0.53 | 2.58 | better |
| EV/EBITDA | 4.46 | — | — |
| ROE | 8.35 | 6.27 | better |
| ROCE | 10.3 | 29.51 | worse |
| ROA | 3.06 | 3.35 | worse |
| Quick Ratio | 1.19 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Larsen & Toubro | 27.1 | 5.0 | 15.8% |
| RVNL | 44.7 | 4.1 | 8.9% |
| ACME Solar Holdings | 36.9 | 3.3 | 9.1% |
Revenue is on a 2-year growth streak. 10% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Profit is growing faster than revenue (15% vs 10%) — margin expansion is at work.
Operating margins have been stable around 5% — no major structural shift.
ROE at 6% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (15% vs -3%) — share dilution is eroding per-share value. -3% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.1× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 10% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 9% above earlier ones.
Profit jumped 188% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 31.5% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.