Patel Engineering Share Price Target 2023, 2024, 2025 to 2030

In today’s ever-changing economy, people want to know what might happen with companies like Patel Engineering Ltd. They’re a big player in construction, known for their impressive work and big plans. So, in this article, we’re going to try and figure out what might happen with Patel Engineering’s stock price.

We’ll look at how they’ve done before, what experts think, and some other important stuff to give you a good idea of what the future could hold for this company’s stock.

About Patel Engineering Ltd.

Founded in 1949 and headquartered in Mumbai, Patel Engineering Limited is a leading name in the field of civil engineering construction. With over seven decades of experience, the company has built a solid reputation for its successful completion of various heavy civil engineering projects, including dams, bridges, tunnels, roads, piling works, and industrial structures.

Patel Engineering Limited specializes in high-margin, technology-intensive sectors such as hydro, tunnelling, irrigation, water supply, urban infrastructure, and transport. With an impressive track record, the company has effectively delivered over 250 projects to date.

Patel Engineering has played a crucial role in several prestigious and strategically significant projects across India. Its shares are publicly listed on the Indian Stock Exchanges (BSE/NSE), and the company holds valuable non-core assets.

It has earned IMS Certificates from the UK-based BSI, including ISO 9001:2008 Quality Management System, ISO 14001:2004 Environmental Management System, and OHSAS 18001:2007 Occupational Health and Safety Management System, underscoring its commitment to the highest standards in all aspects of its operations.

Recent News Around Patel Engineering Ltd.

• Patel Engineering Ltd and its joint venture JV Partner Secure Rs 3,637 Crore NHPC Contract in Arunachal Pradesh, with Rs 1,818.56 Crore Share.
• Patel Engineering Aims to Boost Order Book to Rs 25,000 Crore in Next 2-3 Years, Focusing on Core Segments (25 Aug)
• The Madhya Pradesh Jal Nigam, a government organization, has chosen Mumbai’s Patel Engineering Limited as the top bidder in a joint venture for a contract worth Rs 1,275.30 crore. (25 Aug)

Q1 Fy2024 Key Points And Summary:

• Revenue Growth: The company experienced a robust start to the fiscal year, with a remarkable 24% increase in revenue from operations compared to the previous year.
• Steady Profit Growth: Net profit remained strong, growing by 22.52%, highlighting the company’s consistent profitability.
• The subsequent period also maintained a robust revenue growth of 24.14%, underlining the company’s ability to sustain its positive revenue trajectory.
• Debt Reduction: The company successfully reduced its debt from ₹22,499.36 Crores in Q1 FY23 to ₹19,556.75 Crores in Q1 FY24

How to purchase Patel Engineering Ltd. shares?

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Patel Engineering Ltd. Share Price Target 2023 To 2030

Patel Engineering Ltd. Share Price Target 2023

• Maximum Price in 2023: ₹65.85 (December, 2023)
• Minimum Price in 2023: ₹13.15 (This occurred in February, 2023.)

These figures represent the highest and lowest prices observed over the entire year of 2023. The prices fluctuated within this range during the months in between.

Patel Engineering Ltd. Share Price Target 2024

The year began with a maximum price of ₹66.71 in January and a minimum of ₹58.01. These prices steadily increased over the following months, reaching a maximum of ₹76.29 in December, while the minimum price also rose to ₹66.34 during the same month.

This data suggests a general upward trend in prices throughout the year, with some month-to-month fluctuations.

Patel Engineering Ltd. Share Price Target 2025

In 2025, prices generally went up throughout the year.

The highest price we saw during the entire year was ₹93.01, and this occurred in December. On the other hand, the lowest price we noted in 2025 was ₹59.86, which was recorded in January.
Overall, the year looks promising.

Patel Engineering Ltd. Share Price Target 2026 To 2030

Over the span of five years, from 2026 to 2030, we can observe significant changes in both maximum and minimum prices, reflecting evolving economic conditions and market dynamics.

2026: The highest price recorded for the year was ₹97.66, and the lowest was ₹68.36.

2027: In 2027, the highest price increased to ₹107.43, while the lowest was ₹75.20.

2028: Prices experienced a significant jump in 2028, with the highest price reaching ₹150.40. The lowest remained at ₹75.20.

2029: In 2029, the highest price was ₹130.22, and the lowest was ₹65.11.

2030: The year 2030 saw the highest price for this five-year period, reaching ₹169.28, while the lowest was ₹118.50.

However, it’s essential to note that prices also saw fluctuations. These fluctuations can be attributed to a complex interplay of factors, including economic conditions, market demand, geopolitical events, and industry-specific influences.

Patel Engineering Ltd. Financial Condition (Last 5 Years)

Sales: Sales increased consistently from March 2019 to March 2023, with the most significant jump in the last year.

Operating Profit: The profit from core operations increased from ₹377 in March 2019 to ₹625 in March 2023, with a stable operating profit margin (OPM %) of 15% in the last year.

Other Income: Other income contributed positively to overall earnings.

Interest and Depreciation: Interest remained stable, while depreciation increased gradually.

Profit before Tax: It had a significant dip in March 2021 but recovered to ₹233 in March 2023.

Net Profit: After a dip in March 2021, the company recovered to ₹183 in March 2023.

Efficient cost management allowed for increased profitability, with a stable operating profit margin in the last year.
While there were some challenges, such as a significant dip in profits in March 2021, the company rebounded, achieving a healthy profit before tax of ₹233 in March 2023.
Earnings per share also improved, indicating a potentially favorable outlook for shareholders. Notably, the company retained its earnings, as reflected in the zero dividend payout percentage.

However, it’s essential to keep a watchful eye on the increasing depreciation and ensure it’s managed effectively in the coming years to sustain this positive financial trend.

FAQS

What Is The Current Share Price Of Patel Engineering Ltd. ?

The current share price as of 25th September is ₹52.45.

What Is The Share Price Target For Patel Engineering Ltd. By The End Of 2023?

The expected range for the stock’s price in August is between ₹50 and ₹65, indicating potential fluctuations within this span.

What Is The Share Price Target For Patel Engineering Ltd. By 2025?

The share price target for Patel Engineering Ltd. by 2025 is expected to reach ₹93.01 (maximum price in December 2025).

Will The Patel Engineering Ltd. Stock Grow?

Considering the strong revenue growth, impressive profit margins, debt reduction efforts, and the positive outlook presented in the previous discussion, Patel Engineering appears to be well-positioned for potential stock growth.

Should One Invest In Patel Engineering?

When we take a closer look at the company’s financial situation, several important factors come to light. On the positive side, the company has done well in reducing its debt, which is a good sign for its financial stability. Additionally, the fact that they’ve managed to trim down their debtor days from 62.1 to 46.2 days shows they’re getting better at handling accounts receivable, which can improve their cash flow.

Furthermore, the return on capital employed (ROCE) at 13.9% indicates they’re making a reasonable return on the capital they’ve invested.

But there are some concerns too. Despite turning a profit, the company hasn’t been paying dividends, which might disappoint investors looking for income from their investments. The low interest coverage ratio suggests they might struggle to meet their interest payments, which isn’t a great sign.

Their return on equity (ROE) has also been quite low at 2.70% over the past three years, indicating that shareholders aren’t seeing substantial returns on their investments.

On top of that, there are contingent liabilities worth ₹3,080 Cr. that could pose future financial risks, and the fact that 88.7% of the promoter’s holding is pledged is a red flag for potential financial stress.

The company’s high cost of borrowing and a significant decrease in promoter holding over the last three years add more complexity to the picture.

In light of all these factors, it’s advisable for investors to do their homework thoroughly and consider the company’s financial health within the context of its industry and market conditions before making any investment decisions.

Author: Kanak Kanak, set to graduate in computer science from Hansraj College in 2026, contributes her multifaceted expertise to Financesrule.com. Kanak's keen understanding of the stock market, mutual funds, and equity market provides readers of Financesrule.com with tech-infused financial insights. Beyond Finance, she is also skilled in Python and fundraising. Currently, she serves as a researcher and writer for "The Young Environmentalist" magazine.