PATELENG

Patel Engineering share price & financials

Price
₹29.59
Market cap
₹2.8k Cr
Sector
Construction
Calls analysed
8
Latest concall · Q1 FY27 · call held 11 Aug 2026

Patel Engineering Limited Q1 FY27

Consolidated Revenue ₹1,281 cr +4%Consolidated EBITDA Margin 14.02% Consolidated PAT ₹93.5 cr +25%

What went well

  • Consolidated revenue grew ~4% YoY to Rs. 1,281 crores, demonstrating continued momentum.
  • Profit after tax (PAT) increased significantly by 24.5% YoY to Rs. 93.5 crores, driven by improved operating performance and reduced finance costs.
  • Operating EBITDA margin expanded to 14.02% in Q1 FY27 from 13.4% in Q1 FY26, reflecting better cost discipline.

What to watch

  • Consolidated debt increased by approximately Rs. 100 crores in the quarter to Rs. 1,293 crores, primarily due to additional working capital for new projects.
  • Q2 is expected to be seasonally slower due to monsoon impact, though management anticipates it will be in line with past trends.
Read the full call →

What Patel Engineering Limited does

Patel Engineering is a heavy civil engineering and EPC contractor that designs and builds dams, tunnels, hydro power stations, irrigation canals, roads and urban infrastructure for government and PSU clients across India and Nepal. It earns by executing large, multi-year construction contracts (own-build EPC as well as a BOOT hydro power concession in Arunachal Pradesh) awarded by central and state government departments, PSUs and international clients. The company has technology-intensive capabilities in tunneling (including NATM and TBM methods) and hydro power/dam construction, and is currently executing several marquee hydro projects such as Subansiri, Kiru, Kwar and Parnai.

Segments

  • Hydroelectric
  • Irrigation
  • Tunnel
  • Road
  • Others
Projects completed since inception
350+
Ongoing projects footprint
52 projects across 14 Indian states, plus an international presence in Nepal
Dams constructed
87+
Tunnels constructed
300+ km
Cumulative hydro power project capacity executed
15,000+ MW
Land area irrigated
5.5+ lakh acres
Founded 1949Headquarters Mumbai, Maharashtra, IndiaEmployees 4,647 (FY2025 (March 31, 2025)) Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 3 delivered 6 missed 9 open
  • EBITDA Margin delivered said Q2 FY25 Promised: 13% to 14% on average Q1 FY27: So, we expect to maintain our EBITDA margins between 13%- 14%. (Actual: 14.02%)
  • Annual Order Inflow missed said Q2 FY25 Promised: ₹10,000-12,000 crores for the next 1 year Q1 FY27: Promise relates to FY26 and is now closed.
  • Revenue Growth FY27+ on track said Q3 FY25 Promised: more than 15% from FY27 onwards Q1 FY27: Based on the visibility we have today, we remain confident of achieving approximately 10% revenue growth in FY27.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 3.9%, net profit up 21.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,174 1,206 1,612 1,233 1,208 +3%1,239 +3%1,421 −12%1,281 +4%
EBITDA162 184 218 165 159 −2%145 −21%215 −1%180 +9%
Net profit73 82 38 81 73 +0%72 −12%44 +16%98 +21%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −29.1% 1Y

₹25.0₹30.0₹35.0₹40.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 14 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹37.53 on 10 Sept 2025 → ₹26.61. High ₹40.66 (19 Sept 2025), low ₹22.2 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+2.4%
11 Aug
Q4 FY26
−2.1%
14 May
Q3 FY26
−6.6%
16 Feb
Q2 FY26
−0.1%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 9.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.4%.

Year endingFY23FY24FY25FY26
Revenue₹3.9k Cr₹4.5k Cr₹5.1k Cr₹5.1k Cr
Operating profit₹562 Cr₹691 Cr₹733 Cr₹684 Cr
Operating margin14.4%15.2%14.4%13.4%
Interest₹412 Cr₹362 Cr₹322 Cr₹296 Cr
Depreciation₹81 Cr₹97 Cr₹100 Cr₹103 Cr
Net profit₹166 Cr₹290 Cr₹248 Cr₹270 Cr
Net margin4.3%6.4%4.9%5.3%
Cash from operations₹702 Cr₹688 Cr₹363 Cr₹560 Cr
Free cash flow₹534 Cr₹541 Cr₹275 Cr₹452 Cr
ROCE13.0%14.0%15.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹47 Cr₹48 Cr₹77 Cr₹77 Cr₹84 Cr₹99 Cr
Reserves₹2.3k Cr₹2.3k Cr₹2.8k Cr₹3.1k Cr₹3.8k Cr₹4.3k Cr
Borrowings₹2.3k Cr₹2.3k Cr₹1.8k Cr₹1.9k Cr₹1.6k Cr₹1.2k Cr
Other liabilities₹3.5k Cr₹3.8k Cr₹4.1k Cr₹3.9k Cr₹4.1k Cr₹3.9k Cr
Total liabilities₹8.1k Cr₹8.5k Cr₹8.8k Cr₹9.0k Cr₹9.6k Cr₹9.5k Cr
Fixed assets₹683 Cr₹1.2k Cr₹1.2k Cr₹1.3k Cr₹1.3k Cr₹1.3k Cr
Capital work in progress₹679 Cr₹283 Cr₹294 Cr₹233 Cr₹168 Cr₹126 Cr
Investments₹68 Cr₹82 Cr₹135 Cr₹155 Cr₹118 Cr₹53 Cr
Other assets₹6.7k Cr₹7.0k Cr₹7.1k Cr₹7.3k Cr₹8.0k Cr₹8.0k Cr
Total assets₹8.1k Cr₹8.5k Cr₹8.8k Cr₹9.0k Cr₹9.6k Cr₹9.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +4.83 pp while promoters trimmed −4.62 pp. The shareholder count grew 3% to 4,59,866.

Promoters
31.5%
FIIs
3.3%
DIIs
4.8%
Public
56.7%
Others
3.7%

Since Jun 2025

  • Public +4.83 pp
  • Promoters −4.62 pp
  • Others −0.65 pp

How it drifted, 12 quarters

Over this window the public went from 47.2% to 56.7% — +9.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 39.4%, FIIs 2.4%, DIIs 6.3%, Public 47.2%, Others 4.8%.Dec '23: Promoters 39.4%, FIIs 2.8%, DIIs 5.6%, Public 47.4%, Others 4.8%.Mar '24: Promoters 39.4%, FIIs 3.4%, DIIs 4.5%, Public 47.9%, Others 4.8%.Jun '24: Promoters 36.1%, FIIs 3.7%, DIIs 6.2%, Public 49.6%, Others 4.4%.Sep '24: Promoters 36.1%, FIIs 3.1%, DIIs 4.5%, Public 52.0%, Others 4.4%.Dec '24: Promoters 36.1%, FIIs 4.7%, DIIs 4.5%, Public 50.2%, Others 4.4%.Mar '25: Promoters 36.1%, FIIs 5.0%, DIIs 4.7%, Public 49.8%, Others 4.4%.Jun '25: Promoters 36.1%, FIIs 2.7%, DIIs 4.9%, Public 51.9%, Others 4.4%.Sep '25: Promoters 36.1%, FIIs 2.5%, DIIs 4.8%, Public 52.2%, Others 4.4%.Dec '25: Promoters 31.5%, FIIs 2.5%, DIIs 5.8%, Public 56.4%, Others 3.7%.Mar '26: Promoters 31.5%, FIIs 2.9%, DIIs 6.2%, Public 55.7%, Others 3.7%.Jun '26: Promoters 31.5%, FIIs 3.3%, DIIs 4.8%, Public 56.7%, Others 3.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Patel Engineering Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Raahitya Constructions Private Limited 24.17%unchanged
Praham India LLP 4.05%unchanged
Janky Rupen Patel 3.11%unchanged
Bank Of Baroda Bank1.01%unchanged
Kedia Securities Private Limited 1.01%unchanged
Alina Rupen Patel 0.13%unchanged
Ryan Rupen Patel 0.03%unchanged
Neomile Growth Fund - Series I AIF—off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Patel Engineering Limited

Guides on how to read this kind of business and the numbers that matter.