MarketFriction

RKEC Projects Ltd

NSE RKEC · Civil Construction
₹21.94 -4.98%
NSE close2026-10-01
52 week range17.40 - 75.65
Market cap₹59.5 Cr.
IPO 2017 · -51% since Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4511714085771191197631334017
Expenses409712771641021106524268436
Operating Profit6201313131781177-44-19
OPM %12%17%9%16%17%14%7%15%21%21%-109%-109%
Other Income102010602221
Interest3454465535114
Depreciation222222222132
Profit before tax11497796522-57-24
Tax %28%25%37%27%23%28%58%26%24%28%-27%-27%
Net Profit11155663322-41-17
EPS in Rs0.374.472.272.212.362.651.131.400.660.66-16.06-6.70
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales113197240244298202209300339399180121
Expenses100169201201229171184246290346199171
Operating Profit13293943683224544953-19-49
OPM %12%14%16%18%23%16%12%18%14%13%-11%-41%
Other Income1311-113244767
Interest58461314132616212525
Depreciation333444458999
Profit before tax520333541179272830-47-76
Tax %38%36%37%30%26%27%32%55%29%33%-27%
Net Profit313202430136122020-35-55
EPS in Rs3.306.708.4810.0612.625.322.625.138.288.35-13.44-21.44
Dividend Payout %0%22%24%20%0%23%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%-2%-16%-69%
Compounded Profit Growth%%%-406%
Stock Price CAGR%-21%-28%-68%
Return on Equity11%3%1%-19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101019242424242424242426
Reserves131617517296109112125144164143
Borrowings10150155070111149116150212237
Other Liabilities237277608913311673120112169144
Total Liabilities56112113150235322359359385430569550
Fixed Assets1512111420335552545310394
CWIP000010230092876
Investments000000000000
Other Assets41100102135205267304307322349460451
Total Assets56112113150235322359359385430569550
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-102520-24739-3612161711-30
Cash from Investing Activity-102-4-34-374-35-31-44-6
Cash from Financing Activity-3-6-23252503015-41133732
Net Cash Flow-1319-1-2-23-225-19-14-4
Free Cash Flow-112420-31-29-39110-9-26-30
CFO/OP-90%199%86%-32%41%72%-99%63%57%52%40%223%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days776273125123131305258196189154262
Inventory Days21238612352191239337302269272509
Days Payable130156112142321311314199216191311
Cash Conversion Cycle1582928535-858328361249271353262
Working Capital Days13-365655129831171241045774
ROCE %17%29%70%58%35%40%14%8%19%15%14%-6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.73%67.30%67.30%67.30%66.12%64.27%64.27%64.27%66.80%66.80%66.51%57.74%
FIIs0.00%0.00%0.00%0.00%0.13%0.10%0.30%0.18%0.11%0.11%0.13%0.10%
DIIs0.00%0.00%0.00%0.00%0.19%0.19%0.00%0.00%0.00%0.00%0.00%3.97%
Public30.27%32.70%32.70%32.70%33.57%35.44%35.43%35.55%33.09%33.09%33.35%38.20%
No. of Shareholders6,99910,03612,27811,91712,08013,29713,01812,67112,85812,99212,28912,328

Fundamentals

Market Cap₹ 59.5 Cr.
Current Price₹ 23.0
Book Value₹ 58.7
ROCE-5.54 %
ROE-19.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-69%
Compounded Profit Growth (TTM)-406%
Standalone figures.
Valuation
Market capRs 57 Cr
Enterprise valueRs 242 Cr
Price to book0.34x
Price to sales0.47x
EV / sales1.99x
Earnings yield-97.71%
P/E, 3-year average10.11x
P/B, 3-year average1.15x
P/E, 5-year average12.09x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)-10.66%
Operating margin (incl. other income)-7.36%
EBITDA margin-34.97%
Pre-tax margin-62.38%
Net profit margin-45.60%
Net margin, latest quarter-99.88%
ROE-19.43%
ROCE-5.54%
ROA-6.20%
ROE, 3-year average1.44%
ROCE, 3-year average7.91%
ROA, 3-year average0.89%
ROE, 5-year average3.53%
ROCE, 5-year average10.31%
ROA, 5-year average1.55%
ROIC (approx.)-10.59%
Tax rate26.79%
Other income / net worth3.53%
Growth
Sales growth (latest year)-54.83%
Profit growth (latest year)-273.29%
Sales CAGR, 3 years-15.63%
Sales CAGR, 5 years-2.29%
Sales growth QoQ-57.14%
Sales growth YoY (latest quarter)-77.23%
Profit growth YoY (latest quarter)-616.42%
Per share
EPS (TTM)Rs -21.44
EPS (latest quarter)Rs -6.70
EPS, 3-year averageRs 8.32
EPS, 5-year averageRs 6.09
Book value per shareRs 65.35
Sales per shareRs 47.01
Cash flow per shareRs -11.70
Free cash flow per shareRs -11.62
Efficiency
Asset turnover0.33x
Fixed asset turnover1.92x
Inventory turnover0.00x
Debtor days262 days
Debtors turnover1.40x
Creditor days311 days
Cash conversion cycle262 days
Working capital days74 days
Leverage
Total debtRs 237 Cr
Cash and bankRs 52 Cr
Net debtRs 185 Cr
Debt to equity1.40x
Interest coverage-2.08x
Owners' fund to total sources30.67%
Debt to assets43.09%
Cash flow
Cash from Operating Activity (latest year)Rs -30 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 32 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs -30 Cr
FCFE (approx.: FCF + change in debt)Rs -5 Cr
Cash from ops / profit, 5 years1.13x
Statement figures
Net sales (TTM)Rs 121 Cr
Net sales (latest year)Rs 180 Cr
Sales (latest quarter)Rs 17 Cr
Operating profit excl. other income (latest year)Rs -19 Cr
Operating profit (latest quarter)Rs -19 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs -42 Cr
PBDT (TTM)Rs -67 Cr
Profit before tax (TTM)Rs -76 Cr
Tax (latest year)Rs -13 Cr
Net profit (TTM)Rs -55 Cr
Net profit (latest year)Rs -35 Cr
Net profit (latest quarter)Rs -17 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 199 Cr
Total income (latest year)Rs 186 Cr
Share capitalRs 26 Cr
ReservesRs 143 Cr
Shareholders' fundsRs 169 Cr
Total assetsRs 550 Cr
Net blockRs 94 Cr
Capital work in progressRs 6 Cr
ReceivablesRs 129 Cr
InventoryRs 224 Cr
Other liabilitiesRs 144 Cr
Shares outstanding (crore)2.58
Ownership
Promoter holding57.74% (-6.53 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.31 is the lowest in 9.1 years (median 1.17).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRKECNifty 50Difference
1 week-3.9%-2.8% -1.2 pts
1 month+1.9%-6.8% +8.6 pts
3 months-24.9%-7.6% -17.3 pts
6 months-15.6%+0.4% -16.0 pts
1 year-70.6%-9.9% -60.7 pts
2 years-82.0%-13.6% -68.4 pts
3 years-64.2%+14.2% -78.4 pts
5 years-71.1%+27.9% -99.0 pts

Red flags

F-score 1 of 8
explainWeak cash conversion Cash from operations was -31% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew -23% vs sales -55% in 2026
lookInventory outrunning sales Inventory grew 14% vs sales -55% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹17 Cr -77.6% vs Jun 2025. Net loss ₹17 Cr.
Against our estimate for Jun 2026: sales -62.7%, profit -845.0% miss. Our estimate for Sep 2026: sales Rs 19 Cr, profit Rs -9 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-09-18Annual General Meeting
2021-09-16 Annual General Meeting/Dividend - Rs 1.20 Per Share
DateTypeWhat it says
2026-09-30UpdatesProceedings of AGM.
2026-09-28Price movementSignificant movement in price has been observed in RKEC Projects Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-09-09UpdatesAnnual Report.
2026-09-08UpdatesRKEC Annual Report 2026.
2026-09-01Clarification - Financial ReThe Exchange has sought clarification from RKEC Projects Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing ...
2026-08-20UpdatesRKEC Board Committees.
2026-08-20UpdatesDefault Status.
2026-08-14Board meeting outcomeRKEC Projects Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-13Board meeting outcomeRKEC Projects Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-08-10AppointmentAppointment of Mrs. Jeevan Jyoti Volla as Independent Director of the company w.e.f. August 10, 2026.
2026-08-10UpdatesOutcome of Board Meeting.
2026-07-29General UpdatesGeneral Updates
2026-07-23Quarterly Compliance Report RKEC Projects Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__
2026-07-09General UpdatesGeneral Updates
2026-06-24ResignationResignation of LUCAS PETER THALAKALA as Non- Executive Independent Director of the company w.e.f. Jun 23, 2026.
2026-06-19AppointmentAppointment of Mr Vijay Jonnada as Company Secretary & Compliance Officer of the company w.e.f. Jun 19, 2026.
2026-06-17Disclosure under SEBI TakeovRKEC Projects Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-06-10Defaults on Payment of InterDefaults on payments of principle and interest.
2026-05-29Reasons for Delayed/Non-submReasons for Delayed/Non-submission of Financial Results
2026-04-22Rescission/termination(s)Rescission/termination(s)
2026-03-30Credit Rating- RevisionCredit Rating- Revision
2026-03-30Defaults on Payment of InterIntimation regarding default.
2026-03-25Order winBagging/Receiving of orders/contracts
2026-03-23ResignationResignation of Mrs Deepika Rathi as Company Secretary & Compliance Officer of the company w.e.f. March 23, 2026.
2026-02-11Board meeting outcomeRKEC Projects Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of RKEC Projects Ltd?

RKEC Projects Ltd (RKEC) has a market capitalisation of Rs 59.5 Cr. at the 2026-10-01 close.

What were RKEC Projects Ltd's latest quarterly results?

In the Jun 2026 quarter, RKEC Projects Ltd sales was Rs 17 Cr (-77.6% vs Jun 2025) with a net loss of Rs 17 Cr.

What is the 52-week high and low of RKEC Projects Ltd?

The 52-week high is Rs 75.65 and the 52-week low is Rs 17.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03