Introduction to Patel Engineering Ltd
Patel Engineering Ltd is a company that belongs to the engineering and construction sector. It was started in 1949 and operates in various segments including infrastructure, real estate, asset ownership technology innovation, and more. The company has successfully completed numerous projects in India and other countries like Nepal, USA, Chile, Bhutan, Sri Lanka, and Qatar. With a strong presence in the industry, Patel Engineering Ltd has completed 250 infrastructure projects, constructed 75 dams, 30 hydroelectric projects, and developed over 5 lakh acres of land.
Current Status of Patel Engineering Share
The market cap of Patel Engineering Ltd is Rs 4,084.70 crore. The company currently has a debt of Rs 1542.18 crore and free cash of Rs 170.56 crore. The promoter holding of the company is 39.41%. Patel Engineering Ltd has registered a sales growth of 15% and a profit growth of 180%.
Return Information for Last 5 Years
Investing in Patel Engineering Ltd has proven to be profitable for investors. The company has provided a return of 259% in the last 6 months, 132% in the last 1 year, 64% in the last 3 years, and 10% in the last 5 years.
Maharashtra Government’s Big Order to Patel Engineering Ltd
In June 2023, Patel Engineering Ltd reported a net profit of Rs 132 crores. The company has recently received a significant order worth Rs 249 crore from the Maharashtra Government. This order is for the lowest bidder irrigation project under the Maharashtra Krishna Valley Development Corporation.
Disclaimer: The purpose of this news is to provide information only. Investing in the stock market carries risks and it is advisable to seek expert advice before making any investment decisions.
