PATELENG

Patel Engineering share price & results

Patel Engineering Limited· Construction· Industrials

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Mumbai EPC contractor building dams, tunnels, hydro power, irrigation and roads since 1949.

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Guidance Hit Rate
18 targets · 33% hit rate 3 achieved · 9 active →
Segment Shift
3 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹25.02 −1.30% · −₹0.33

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −29.4% 1Y

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

1Y: ₹35.46 on 7 Nov 2025 → ₹25.02. High ₹37.78 (27 Nov 2025), low ₹22.2 (30 Mar 2026).

Previous close
₹25.35
Market cap
₹2.5k Cr
52-week range
₹22.2 – ₹37.78
One year
−28.56%
Price to earnings (TTM to Sept 2026)
6.41×
Return on equity (TTM to Sept 2026)
8.28%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,203 ₹ crore+0.4% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin12.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit53.0 ₹ crore−8.6% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity8.28 %−1.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.86 %+5.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-2.03 %−11.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

3 operating segments · As of 30 Jun 2026

Civil Construction 99.7% · ₹1,276.82 Cr +3.6% YoY
Real Estate 0.3% · ₹3.92 Cr +563.1% YoY
Others 0.0% · ₹0.00 Cr

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

3 of 9 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

Patel Engineering Limited management guidance track record on Inve: 18 targets tracked across analysed earnings calls (3 achieved, 6 missed, 9 open).

Delivering on Operations (1/1 achieved), while Growth (1 needs watch) is lagging.

TargetOriginal wordingSaidLatest callVerdict
Operations EBITDA Margin
13% to 14% on average
Call transcript, Q2 FY25 · 13 Nov 2024
Q2 FY25
Q1 FY27:So, we expect to maintain our EBITDA margins between 13%- 14%. (Actual: 14.02%)
Call transcript, Q1 FY27 · 11 Aug 2026
Achieved
Growth Annual Order Inflow
₹10,000-12,000 crores for the next 1 year
Call transcript, Q2 FY25 · 13 Nov 2024
Q2 FY25
Q1 FY27:Promise relates to FY26 and is now closed.
Call transcript, Q1 FY27 · 11 Aug 2026
Missed
Growth Revenue Growth FY27+
more than 15% from FY27 onwards
Call transcript, Q3 FY25 · 12 Feb 2025
Q3 FY25
Q1 FY27:Based on the visibility we have today, we remain confident of achieving approximately 10% revenue growth in FY27.
Call transcript, Q1 FY27 · 11 Aug 2026
On Track

Source: Inve Guidance Tracker for Patel Engineering Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of Patel Engineering Limited's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Patel Engineering Limited

  • Patel Engineering Limited → divests to → Land parcel in Telangana.

    Q1 FY27 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Monetizing non-core assets to strengthen balance sheet and improve capital efficiency.

    Disclosed value: INR 26 crores

    “As part of our stated strategy of monetizing non-core assets during Q1 FY27, we completed the sale of a Rs. 27 crores land parcel in Telangana.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “As part of our stated strategy of monetizing non-core assets during Q1 FY27, we completed the sale of a Rs. 27 crores land parcel in Telangana.”

    Source company: Patel Engineering Limited · Counterparty: Land parcel in Telangana · Call date: 2026-08-11 · Period: Q1 FY27 · Review status: Structured call extraction

  • Patel Engineering Limited → divests to → ACP Tollways.

    Q4 FY26 · Announced · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Part of non-core asset monetization strategy; book value was INR 85 crores, offer received for INR 55 crores, provision for INR 30 crores difference.

    Disclosed value: INR 55 crores

    “Further as part of our non-core asset monetization strategy we have decided to sell our investments in a toll road project ACP Tollways where we have 32% stake, we have received an offer of INR 55 crores for the same and hence provided for INR 30 crores being the difference between book value of investment and which was made in 2011-12.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “Further as part of our non-core asset monetization strategy we have decided to sell our investments in a toll road project ACP Tollways where we have 32% stake, we have received an offer of INR 55 crores for the same and hence provided for INR 30 crores being the difference between book value of investment and which was made in 2011-12.”

    Source company: Patel Engineering Limited · Counterparty: ACP Tollways · Call date: 2026-05-14 · Period: Q4 FY26 · Review status: Structured call extraction

  • Patel Engineering Limited → acquires or invests in → Gongri Hydropower Project.

    Q3 FY26 · Announced · Positive · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Strengthening long-term asset portfolio under a BOOT model, expecting INR 300 crores per annum revenue after completion.

    “We signed the MOA for the 144-megawatt Gongri Hydropower Project under a BOOT model, strengthening our long-term asset portfolio.”

    Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

    Evidence drawer

    Evidence type: Transcript excerpt

    “We signed the MOA for the 144-megawatt Gongri Hydropower Project under a BOOT model, strengthening our long-term asset portfolio.”

    Source company: Patel Engineering Limited · Counterparty: Gongri Hydropower Project · Call date: 2026-02-16 · Period: Q3 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Patel Engineering Limited. Each comparison matches a headwind disclosed by Patel Engineering Limited in the same calendar reporting quarter.

  • Q2 is seasonally slower due to monsoon, but management expects it to be 'okay' and in line…

    Topic: Weather or labor disruption · Labor execution · Q1 FY27

    Patel Engineering Limited reported: Q2 is seasonally slower due to monsoon, but management expects it to be 'okay' and in line with historical performance.

    Reporting period ended 2026-06-30

    4 other companies · Labor execution

    Cemindia Projects Limited (CEMPRO) reported (period ended 2026-06-30): Monsoon and high river currents can make execution unpredictable, as seen with the Bangladesh project.

    Dilip Buildcon Limited (DBL) reported (period ended 2026-06-30): A recent tunnel collapse was attributed to natural calamity (heavy rainfall) and is not expected to impact DBL's technical score or future bids, though it highlights broader industry risks.

    Ahluwalia Contracts (India) Limited (AHLUCONT) reported (period ended 2026-06-30): Minimum wage increased by 35-40% in NCR (50% of order book), leading to substantial increases in wage costs and impacting margins. Client compensation is uncertain and expected to take 2 quarters.

    J.Kumar Infraprojects Limited (JKIL) reported (period ended 2026-06-30): Monsoon season can slow down earthwork-intensive projects like Vadhvan, but projects are diversified geographically, mitigating overall impact.

    Evidence drawer

    Evidence type: Summary paraphrase

    Q2 is seasonally slower due to monsoon, but management expects it to be 'okay' and in line with historical performance.

    Source company: Patel Engineering Limited · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 4

    Similar commentary provides sector context; it does not establish a business relationship.

  • New large hydropower projects are at various stages of government clearance, and NHPC is now…

    Topic: Regulatory compliance · Regulatory policy · Q1 FY27

    Patel Engineering Limited reported: New large hydropower projects are at various stages of government clearance, and NHPC is now taking maximum clearances upfront before tendering, which could affect bidding timelines.

    Reporting period ended 2026-06-30

    3 other companies · Regulatory policy

    NBCC (India) Limited (NBCC) reported (period ended 2026-06-30): Large projects like MAHAPREIT (INR 25,000 crores), J&K (INR 15,000 crores), and Supertech (INR 10,000 crores) have faced significant delays due to regulatory approvals, funding, and slower state government processes. Management acknowledges these delays but expresses confidence in their eventual materialization.

    Welspun Enterprises Limited (WELENT) reported (period ended 2026-06-30): Pace of execution in water projects was slower due to temporary stoppage of excavation debris transportation from AQI pollution in Mumbai.

    Capacit'e Infraprojects Limited (CAPACITE) reported (period ended 2026-06-30): Delayed the start of the IIT Bombay project and impacted Q1 revenue, but permissions are now in place.

    Evidence drawer

    Evidence type: Summary paraphrase

    New large hydropower projects are at various stages of government clearance, and NHPC is now taking maximum clearances upfront before tendering, which could affect bidding timelines.

    Source company: Patel Engineering Limited · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 3

    Similar commentary provides sector context; it does not establish a business relationship.

Mentions over time

First observed: Q4 2025 · Latest observed: Q2 2026

Recorded disclosures by calendar reporting quarter
PeriodOther callsOwn calls
Q2 202601
Q1 202601
Q4 202501

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

PATELENG ₹25.02 −1.30%
Guidance Verdict (18 tracked) 3 kept · 9 open· 6 missed
AI Call Brief · Q1 FY27

Patel Engineering Limited Q1 FY27

Overview

Symbol
NSE:PATELENG
Industry
Industrials
Exchange
NSE
Currency
INR

What Patel Engineering Limited does

Based on the company's own presentations, annual report and earnings calls.

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

How the price took the results

Moved an average of ±2.8% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2711 Aug 261,274 86+4.1%₹29.54 → ₹30.26+2.4%
Q4 FY2614 May 261,414 68−10.7%₹27.27 → ₹26.7−2.1%
Q3 FY2616 Feb 261,231 89+3.7%₹30.29 → ₹28.28−6.6%
Q2 FY2613 Nov 251,198 58—₹35.64 → ₹35.59−0.1%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹2,482 Cr Mkt Cap
₹0 Cr₹2,000 Cr₹4,000 Cr₹6,000 CrPatel Engineering Limited (PATELENG): ₹2,482 Cr₹2,482 CrPATELENGAshoka Buildcon Limited (ASHOKA): ₹2,890 Cr₹2,890 CrASHOKARamky Infra (RAMKY): ₹2,777 Cr₹2,777 CrRAMKYInterarch Building Solutions Limited (INTERARCH): ₹2,620 Cr₹2,620 CrINTERARCHH.G. Infra Engineering Limited (HGINFRA): ₹2,610 Cr₹2,610 CrHGINFRASimplex Infrastructures Limited (SIMPLEXINF): ₹2,245 Cr₹2,245 CrSIMPLEXINFBGR Energy Systems Limited (BGRENERGY): ₹2,201 Cr₹2,201 CrBGRENERGYGK Energy Limited (GKENERGY): ₹2,003 Cr₹2,003 CrGKENERGYM & B Engineering Limited (MBEL): ₹1,617 Cr₹1,617 CrMBEL

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Quick Answers

Frequently asked questions on Patel Engineering Limited

Compiled directly from PATELENG's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Patel Engineering Limited (PATELENG) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Patel Engineering Limited reported revenue of ₹1.2k Cr, net profit of ₹53 Cr, an operating margin of 12.0%. Diluted earnings per share stood at ₹0.54.

How is Patel Engineering Limited (PATELENG) valued today, and what growth does the stock price imply?

Patel Engineering Limited (PATELENG) trades at ₹25.02, with a market capitalization of ₹2.5k Cr.

Who owns Patel Engineering Limited (PATELENG) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 31.5%, FIIs hold 3.0%, DIIs hold 3.9%, Public shareholders hold 57.9%.

Learn to analyse Patel Engineering Limited

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