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RKEC Projects Ltd

RKEC
NSE
36.06
0.64%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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RKEC Projects Ltd

RKEC
NSE
36.06
0.64%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
93Cr
Close
Close Price
36.06
Industry
Industry
Construction - Civil/Turnkey
PE
Price To Earnings
9.56
PS
Price To Sales
0.33
Revenue
Revenue
281Cr
Rev Gr TTM
Revenue Growth TTM
-34.88%
PAT Gr TTM
PAT Growth TTM
-58.33%
Peer Comparison
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RKEC
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
6739571061518577119141763133
Growth YoY
Revenue Growth YoY%
-32.3-17.1-20.9-7.4124.5119.835.112.2-6.5-10.2-59.6-72.6
Expenses
ExpensesCr
48305186138716699133652426
Operating Profit
Operating ProfitCr
2086201313102081177
OPM
OPM%
29.121.39.919.38.615.913.616.45.714.821.121.0
Other Income
Other IncomeCr
001020116122
Interest Expense
Interest ExpenseCr
823454465535
Depreciation
DepreciationCr
222222222221
PBT
PBTCr
114114975117522
Tax
TaxCr
1110332134111
PAT
PATCr
0311165483322
Growth YoY
PAT Growth YoY%
362.5288.944.10.42,519.189.6282.6-22.7-50.5-36.5-54.4-79.3
NPM
NPM%
0.37.31.710.13.66.34.96.91.94.45.55.2
EPS
EPS
0.11.20.44.52.32.21.63.41.11.40.60.7

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
197240226304208211300353422281
Growth
Revenue Growth%
21.5-5.834.6-31.61.442.517.519.6-33.4
Expenses
ExpensesCr
169201185239178187258305370248
Operating Profit
Operating ProfitCr
29384065292443475133
OPM
OPM%
14.516.017.921.414.211.214.213.412.211.6
Other Income
Other IncomeCr
311-103344710
Interest Expense
Interest ExpenseCr
84611121214151918
Depreciation
DepreciationCr
3344445898
PBT
PBTCr
20333239171027283016
Tax
TaxCr
712101153158106
PAT
PATCr
1320222913712202010
Growth
PAT Growth%
57.510.227.7-55.5-44.272.262.80.4-52.5
NPM
NPM%
6.58.59.99.46.13.44.15.74.83.4
EPS
EPS
6.79.49.311.95.33.05.28.38.33.8

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Dec 2025
Equity Capital
Equity CapitalCr
19242424242424242426
Reserves
ReservesCr
17517093106113125145165184
Current Liabilities
Current LiabilitiesCr
7674163210241180247255362337
Non Current Liabilities
Non Current LiabilitiesCr
112575044433026
Total Liabilities
Total LiabilitiesCr
113150260332378367440466581574
Current Assets
Current AssetsCr
102135229275321314377385471470
Non Current Assets
Non Current AssetsCr
1215315756546481110104
Total Assets
Total AssetsCr
113150260332378367440466581574

Cash Flow

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
20-24840-371216244
Investing Cash Flow
Investing Cash FlowCr
2-4-34-373-25-31-44
Financing Cash Flow
Financing Cash FlowCr
-23252403015-411337
Net Cash Flow
Net Cash FlowCr
-1-2-24-325-196-3
Free Cash Flow
Free Cash FlowCr
20-30-122-6310917-54
CFO To PAT
CFO To PAT%
150.8-117.735.5140.1-288.1164.6130.8120.921.8
CFO To EBITDA
CFO To EBITDA%
68.4-62.319.761.7-124.749.537.751.08.5

Ratios

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
030913683144116119251152
Price To Earnings
Price To Earnings
0.015.26.12.911.316.39.612.67.6
Price To Sales
Price To Sales
0.01.30.60.30.70.60.40.70.4
Price To Book
Price To Book
0.04.11.40.71.10.80.81.50.8
EV To EBITDA
EV To EBITDA
-0.88.03.81.67.27.94.87.45.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
52.155.771.163.162.858.558.360.868.5
OPM
OPM%
14.516.017.921.414.211.214.213.412.2
NPM
NPM%
6.58.59.99.46.13.44.15.74.8
ROCE
ROCE%
78.240.526.827.712.28.215.913.912.9
ROE
ROE%
35.727.223.824.59.85.28.211.810.6
ROA
ROA%
11.413.58.68.63.41.92.84.33.5
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. --- ### **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. --- ### **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. --- ### **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.* --- ### **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. --- ### **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. --- ### **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 ---