New Delhi: Patel Engineering Limited has given multibagger returns to its investors in the last six months. The company’s share was at Rs 17.43 on January 4, 2023 and its price reached Rs 36.60 on July 4, 2023. During this, its price has increased by 110 percent. Had you invested Rs 1 lakh in this company six months ago, it would have been worth Rs 2.10 lakh today. The company’s revenue for the most recent quarter stood at Rs 1298.03 crore, a growth of 16.77% over the previous year. The company’s operating profit stood at Rs 208.72 crore while profit after tax stood at Rs 82.96 crore with a growth of 147.04%. The stock is currently trading at 15.4 times TTM PE as compared to industry PE of 38.2 times. The company’s ROCE for the financial year stood at 14% and ROE at 6.98%. This company is a part of Group Stocks and has a market cap of Rs 2,832.21 crore. Patel Engineering Limited deals in Dams, Bridges, Tunnels, Roads, Piling Works, Industrial Structures and other heavy civil engineering works. The company provides services in Hydro, Irrigation & Water Supply, Urban Infrastructure and Transport sectors. The company’s stock opened at Rs 35.15 on Tuesday and went up to a high of Rs 36.99 and a low of Rs 34.25 during trading. It had closed at Rs 36.61 in the previous session and is currently trading with a gain of 3.24 per cent.
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