Patel Engineering announces a 30% dividend of 0.3 per share, yet the yield remains at zero. The company's returns have shown both gains and losses over the past six months and a year, offering mixed results for investors. (Source: marketsmojo.com)
Patel Engineering Limited
PATELENGPrice History
Recent Discussions
Patel Engineering aims to generate between ₹150 crore and ₹200 crore by selling non-essential assets in the upcoming financial year (FY27). Their interest costs are projected to stay consistent, comparable to current levels, during this period.
Patel Engineering is planning to decrease its promoter pledge by 15-20%, and an update regarding this reduction will be provided in the upcoming quarter, following outreach from their lenders.
Patel Engineering's fiscal year 26 revenue remains stable at approximately $6.7 billion, similar to the previous year. Notable order inflow of around $59 billion for key projects like hydroelectric units and tunnel breakthroughs were achieved in FY26.
Patel Engineering reported a significant 118% year-on-year increase in Q4 net profit to ₹71.5 crore, despite a small 11.8% drop in revenue. The company's order book reached ₹15,119 crore, and the debt-equity ratio improved to 0.27x. Despite these positive financial results, Patel Engineering's shares closed down 2% at ₹26.84.
Patel Engineering reported a 8.6% drop in Q4 profits year-over-year and a 11.8% decrease in revenue compared to the same period last year, indicating a challenging quarter for the company.
Patel Engineering plans to sell 8.5 million equity shares worth INR 55 crore in an associate company, with the deal pending approval from their lenders. The aim is to complete this transaction by March 31, 2027, and it's important to note that the buyer is not a related party.
Patel Engineering reports a Q4 EBITDA of ₹2.15 billion, slightly lower than last year's ₹2.2 billion. However, the company manages to boost its margin, rising from 13.5% to 15.1% compared to last year.
Patel Engineering reported a revenue of INR 5066 crore and profit after tax of INR 2850 million in their FY26 financials. The company has agreed to sell its stake in ACP Tollways for INR 55 crore, subject to approval from lenders.
Patel Engineering's stock has dropped by 36% over the past year, with reduced margin expectations. Kavita Shirvaivkar discusses potential effects of rising prices on various sectors and provides important updates.
Patel Engineering secures a Rs 15.93 billion hydroelectric project in Nepal, expanding its presence in the energy sector significantly. Given its current market capitalization of approximately Rs 2,800 crore, this contract may contribute substantially to the company's future growth and financial stability.
Patel Engineering secures the bid for a significant $220 million Nepal hydropower project, promising extensive civil and hydro-mechanical work over a 54-month timespan.
Ryan Patel has received 149,900 shares in Patel Engineering Ltd following the passing of Chandrika Patel. This transfer occurs under SEBI's Regulation 10(1)(g), which waives the need for an open offer.