Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹93Cr
Construction - Civil/Turnkey
Rev Gr TTM
Revenue Growth TTM
-34.88%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

RKEC
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -32.3 | -17.1 | -20.9 | -7.4 | 124.5 | 119.8 | 35.1 | 12.2 | -6.5 | -10.2 | -59.6 | -72.6 |
| 48 | 30 | 51 | 86 | 138 | 71 | 66 | 99 | 133 | 65 | 24 | 26 |
Operating Profit Operating ProfitCr |
| 29.1 | 21.3 | 9.9 | 19.3 | 8.6 | 15.9 | 13.6 | 16.4 | 5.7 | 14.8 | 21.1 | 21.0 |
Other Income Other IncomeCr | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 1 | 6 | 1 | 2 | 2 |
Interest Expense Interest ExpenseCr | 8 | 2 | 3 | 4 | 5 | 4 | 4 | 6 | 5 | 5 | 3 | 5 |
Depreciation DepreciationCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| 11 | 4 | 1 | 14 | 9 | 7 | 5 | 11 | 7 | 5 | 2 | 2 |
| 11 | 1 | 0 | 3 | 3 | 2 | 1 | 3 | 4 | 1 | 1 | 1 |
|
Growth YoY PAT Growth YoY% | 362.5 | 288.9 | 44.1 | 0.4 | 2,519.1 | 89.6 | 282.6 | -22.7 | -50.5 | -36.5 | -54.4 | -79.3 |
| 0.3 | 7.3 | 1.7 | 10.1 | 3.6 | 6.3 | 4.9 | 6.9 | 1.9 | 4.4 | 5.5 | 5.2 |
| 0.1 | 1.2 | 0.4 | 4.5 | 2.3 | 2.2 | 1.6 | 3.4 | 1.1 | 1.4 | 0.6 | 0.7 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 21.5 | -5.8 | 34.6 | -31.6 | 1.4 | 42.5 | 17.5 | 19.6 | -33.4 |
| 169 | 201 | 185 | 239 | 178 | 187 | 258 | 305 | 370 | 248 |
Operating Profit Operating ProfitCr |
| 14.5 | 16.0 | 17.9 | 21.4 | 14.2 | 11.2 | 14.2 | 13.4 | 12.2 | 11.6 |
Other Income Other IncomeCr | 3 | 1 | 1 | -10 | 3 | 3 | 4 | 4 | 7 | 10 |
Interest Expense Interest ExpenseCr | 8 | 4 | 6 | 11 | 12 | 12 | 14 | 15 | 19 | 18 |
Depreciation DepreciationCr | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 9 | 8 |
| 20 | 33 | 32 | 39 | 17 | 10 | 27 | 28 | 30 | 16 |
| 7 | 12 | 10 | 11 | 5 | 3 | 15 | 8 | 10 | 6 |
|
| | 57.5 | 10.2 | 27.7 | -55.5 | -44.2 | 72.2 | 62.8 | 0.4 | -52.5 |
| 6.5 | 8.5 | 9.9 | 9.4 | 6.1 | 3.4 | 4.1 | 5.7 | 4.8 | 3.4 |
| 6.7 | 9.4 | 9.3 | 11.9 | 5.3 | 3.0 | 5.2 | 8.3 | 8.3 | 3.8 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
|---|
Equity Capital Equity CapitalCr | 19 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 26 |
| 17 | 51 | 70 | 93 | 106 | 113 | 125 | 145 | 165 | 184 |
Current Liabilities Current LiabilitiesCr | 76 | 74 | 163 | 210 | 241 | 180 | 247 | 255 | 362 | 337 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 1 | 2 | 5 | 7 | 50 | 44 | 43 | 30 | 26 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 102 | 135 | 229 | 275 | 321 | 314 | 377 | 385 | 471 | 470 |
Non Current Assets Non Current AssetsCr | 12 | 15 | 31 | 57 | 56 | 54 | 64 | 81 | 110 | 104 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 20 | -24 | 8 | 40 | -37 | 12 | 16 | 24 | 4 |
Investing Cash Flow Investing Cash FlowCr | 2 | -4 | -34 | -37 | 3 | -2 | 5 | -31 | -44 |
Financing Cash Flow Financing Cash FlowCr | -23 | 25 | 24 | 0 | 30 | 15 | -41 | 13 | 37 |
|
Free Cash Flow Free Cash FlowCr | 20 | -30 | -1 | 22 | -63 | 10 | 9 | 17 | -54 |
| 150.8 | -117.7 | 35.5 | 140.1 | -288.1 | 164.6 | 130.8 | 120.9 | 21.8 |
CFO To EBITDA CFO To EBITDA% | 68.4 | -62.3 | 19.7 | 61.7 | -124.7 | 49.5 | 37.7 | 51.0 | 8.5 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 309 | 136 | 83 | 144 | 116 | 119 | 251 | 152 |
Price To Earnings Price To Earnings | 0.0 | 15.2 | 6.1 | 2.9 | 11.3 | 16.3 | 9.6 | 12.6 | 7.6 |
Price To Sales Price To Sales | 0.0 | 1.3 | 0.6 | 0.3 | 0.7 | 0.6 | 0.4 | 0.7 | 0.4 |
Price To Book Price To Book | 0.0 | 4.1 | 1.4 | 0.7 | 1.1 | 0.8 | 0.8 | 1.5 | 0.8 |
| -0.8 | 8.0 | 3.8 | 1.6 | 7.2 | 7.9 | 4.8 | 7.4 | 5.8 |
Profitability Ratios Profitability Ratios |
| 52.1 | 55.7 | 71.1 | 63.1 | 62.8 | 58.5 | 58.3 | 60.8 | 68.5 |
| 14.5 | 16.0 | 17.9 | 21.4 | 14.2 | 11.2 | 14.2 | 13.4 | 12.2 |
| 6.5 | 8.5 | 9.9 | 9.4 | 6.1 | 3.4 | 4.1 | 5.7 | 4.8 |
| 78.2 | 40.5 | 26.8 | 27.7 | 12.2 | 8.2 | 15.9 | 13.9 | 12.9 |
| 35.7 | 27.2 | 23.8 | 24.5 | 9.8 | 5.2 | 8.2 | 11.8 | 10.6 |
| 11.4 | 13.5 | 8.6 | 8.6 | 3.4 | 1.9 | 2.8 | 4.3 | 3.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Company Overview**
RKEC Projects Limited is a leading Indian construction services company with over **four decades (40+ years)** of experience in executing complex civil, marine, and defense infrastructure projects. Incorporated in **2005**, the company has built a robust legacy dating back to 1985, during which it has established itself as a trusted name in infrastructure development across India.
The company specializes in high-value, technically challenging projects across sectors such as **maritime infrastructure, transportation, defense, power, water & coastal works, industrial complexes, smart cities, and public utilities**. RKEC is known for its engineering excellence, adherence to timelines, cost efficiency, and commitment to sustainability.
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### **Core Business Areas & Services**
RKEC Projects offers a comprehensive range of construction and execution services, including:
- **Marine & Port Infrastructure**: Jetties, berths, wharves, breakwaters, coastal structures, liquid terminals, slipways
- **Transportation Infrastructure**: Highways, bridges, airports, roads
- **Defense & Strategic Projects**: Structures for MES, DGNP, DRDO
- **Building & Industrial Infrastructure**: High-rises, industrial plants, smart city developments (e.g., indoor sports arena in Visakhapatnam)
- **Water & Coastal Works**: Dams, intake structures, coastal protection
- **Electrification & Firefighting Systems**: Integrated systems in port/marine environments
The company has successfully executed **over 104 projects worth ₹2,267 crores** as of March 2024, with ongoing work valued at **₹1,578 crores** across multiple states.
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### **Geographic Presence**
RKEC operates in over **12 Indian states**, including:
> Andhra Pradesh, Tamil Nadu, Gujarat, Maharashtra, Kerala, Odisha, Rajasthan, West Bengal, Karnataka, Uttar Pradesh, Puducherry, and Manipur.
Its pan-India presence enables participation in nationally significant infrastructure initiatives, especially those under government missions.
---
### **Client Base & Registrations**
RKEC has long-standing relationships with key government and private sector clients:
#### **Key Clients**
- Ministry of Defense (MES)
- Directorate General of Lighthouses and Lightships (DGNP)
- Defense Research and Development Organisation (DRDO)
- Major Ports: Cochin Port Trust (CPT), Visakhapatnam Port Authority (VPA), Jawaharlal Nehru Port Trust (JNPT)
- Gujarat Maritime Board (GMB)
- State Urban Development Agencies (e.g., GVMC)
- Private Clients: Adani Infra India Ltd., Vedanta Ltd., Rashtriya Ispat Nigam Limited (RINL)
#### **Contractor Registrations**
- **MES**: Super Special Class (eligible for unlimited-value defense tenders)
- **DGNP**: S Class
- **DRDO**: CIV-IV Category
- **AP R&B Department**: Special Class
These classifications underscore RKEC’s technical capability and credibility in high-stakes infrastructure sectors.
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### **Key Project Portfolio (Notable Completed & Ongoing Projects)**
| **Project** | **Client** | **Value** | **Status & Timeline** |
|------------|-----------|----------|------------------------|
| Multi-User Liquid Terminal, Puthuvypeen, Cochin Port | Cochin Port Trust | ₹2,120 crore | Completed in 2018 |
| Indoor Sports Arena, Visakhapatnam (Smart City Project) | GVMC | ₹222.9 crore | Completed in 2022 |
| Cruise Berth, Channel Berth, Outer Harbor, Visakhapatnam Port | VPA | ₹648.2 crore | Completed in 2023 |
| Reconstruction of N1–N3 Jetty, Visakhapatnam | DGNP | ₹16,922 lakh (~₹1,692.2 crore) | **99% complete**, targeted completion: **31 Aug 2025** |
| 500-ton 3-Lane Slipway, Port Blair | MES | ₹3,217.8 crore | **82% complete**, revised completion: **15 Nov 2025** |
| Fishery Harbour Development (Phase II), Veraval, Gujarat | GMB | ₹2,720.1 crore | **54.18% complete**, targeted completion: **16 Oct 2025** |
| Two Fishing Jetties and Wharf | VPA | ₹384.8 crore | **6.5% complete**, scheduled completion: **20 Apr 2026** |
> *Note: Physical progress data as of August 2025.*
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### **Competitive Advantages**
1. **In-House Engineering & Design Capabilities**
- A seasoned design team with over **20 years of specialized experience in marine construction** ensures technical precision and faster project cycles.
2. **Integrated Equipment Fleet**
- Owns **marine equipment worth ₹75 crore**, including:
- One of the few **500 MT capacity Jack-Up Barges** in India
- Offshore piling rigs and ancillary support systems
- Enables independent execution of complex offshore and marine projects.
3. **Proven Track Record**
- Consistent delivery **on time and within budget** across diverse, high-value projects.
- Delivered 100+ projects over 40 years; recognized for reliability.
4. **Certifications & Standards**
- **ISO 9001:2015** – Quality Management
- **ISO 14001:2015** – Environmental Management
- **ISO 45001:2018** – Occupational Health & Safety
*(Certified by INTERCERT, accredited via International Accreditation Service, USA)*
5. **Strong Financial Credibility**
- Maintains healthy relationships with leading banks and financial institutions.
- Historically low debt structure; strong financial practices.
- Low break-even sales requirement of **₹120 crore/year**.
6. **Leadership Strength**
- **Mr. G. Radhakrishna**, Founder, Chairman & Managing Director, is directly involved in all stages of project execution, contributing significantly to operational discipline and quality control.
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### **Financial Highlights (Recent)**
| Metric | Value | Period |
|-------|-------|--------|
| Revenue (Turnover) | ₹299.96 crore | FY 2022–23 |
| Revenue (Turnover) | ₹208.65 crore | FY 2021–22 |
| Unexecuted Order Book | ₹1,070.38 crore | As of Mar 2023 |
| Current Ongoing Projects | 8 projects worth ₹1,578 crore | As of Mar 2024 |
The company has demonstrated **consistent growth**, supported by a strong order book and recurring public-sector demand.
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### **Corporate & Market Information**
- **Founded**: 1985 (Operations began), **Incorporated**: 1 April 2005
- **Listed On**: **NSE Main Board** (after migration from NSE Emergent Platform in late 2020)
- **Initial Public Offering (IPO)**: Oversubscribed by **18 times**, reflecting strong investor confidence
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