Patel Engineering Ltd

📊 Patel Engineering’s Order Book Hits ₹151,464M – Key Financials & Rights Issue Details

- Order Book (Sep 30, 2025): ₹151,464M, with 350+ projects completed, including 15,000 MW hydro projects and 87 dams.

- H1 FY2026 Financials: Total income ₹24,419M, net profit ₹1,448M, EPS ₹1.76.

- FY2025 Financials: Total income ₹50,934M, net profit ₹2,362M, EPS ₹2.88; net worth ₹37,847M.

- Rights Issue: 7 new shares for every 40 held at ₹27/share (₹26 premium), raising up to ₹3,990M.

- Proceeds Use: ₹2,540M for debt repayment, ₹950M for corporate purposes.

- Key Risks: Regional concentration (69.32% order book in North/Northeast), overdue receivables (₹5,216M), and regulatory scrutiny (CBI investigation).

- Promoters to subscribe to at least 5% of the rights issue; 30.49M shares pledged as collateral.

- Debt Position: Standalone borrowings at ₹14,621M (Sep 2025), net debt-to-equity ratio of 0.29.

- Operational Risks: Dependency on government contracts, subcontractor delays, and weather disruptions.

- Investor Note: Rights issue opens Dec 12–19, 2025; shares to list around Dec 23, 2025.