Patel Engineering Ltd
NSE:PATELENG

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Patel Engineering Ltd
NSE:PATELENG
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Price: 28.3 INR -1.39% Market Closed
Market Cap: ₹27B

P/E

9.4
Current
30%
Cheaper
vs 3-y average of 13.3

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
9.4
=
Market Cap
₹21.7B
/
Net Income
₹2.6B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
9.4
=
Market Cap
₹21.7B
/
Net Income
₹2.6B

Valuation Scenarios

Patel Engineering Ltd is trading below its 3-year average

If P/E returns to its 3-Year Average (13.3), the stock would be worth ₹40.18 (42% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+206%
Average Upside
107%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 9.4 ₹28.3
0%
3-Year Average 13.3 ₹40.18
+42%
5-Year Average 11.4 ₹34.41
+22%
Industry Average 24.1 ₹72.69
+157%
Country Average 28.7 ₹86.6
+206%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₹21.7B
/
Jan 2026
₹2.6B
=
9.4
Current
₹21.7B
/
Mar 2026
₹3B
=
7.1
Forward
₹21.7B
/
Mar 2027
₹3.5B
=
6.1
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

Market Distribution

Lower than 91% of companies in India
Percentile
9th
Based on 3 123 companies
9th percentile
9.4
Low
0 — 18.9
Typical Range
18.9 — 44.4
High
44.4 —
Distribution Statistics
India
Min 0
30th Percentile 18.9
Median 28.7
70th Percentile 44.4
Max 877 228.1

Patel Engineering Ltd
Glance View

Market Cap
27B INR
Industry
Construction

Patel Engineering Ltd. engages in the provision of infrastructure and construction services. The company is headquartered in Mumbai, Maharashtra and currently employs 4,273 full-time employees. The company went IPO on 2005-02-24. The company is also involved in real estate activities with owned or leased property. Its power, dams and tunnel projects include Kiru HEP Project, Jammu and Kashmir (J&K), Ircon Tunnel T-15 in J&K, KRCL Tunnel T-2 in J&K, Ircon Tunnel, T-7 in West Bengal, Arun-3 HEP Project, Nepal, Kundah Package I & II, Tamil Nadu and Parnai H.E. Project, J&K. Its irrigation projects include Sleemanabad Carrier Canal, Madhya Pradesh, Jigaon Lift Irrigation, Maharashtra, Suthaliya Irrigation Project, Madhya Pradesh and Parbati Irrigation Project, Madhya Pradesh. Its urban infrastructure and roads include Katraj Kondwa Road Project, Maharashtra, Motihari Road Project, Bihar and RVNL Project, Chattisgarh. Its subsidiaries include Zeus Minerals Trading Pvt. Ltd., Friends Nirman Pvt. Ltd., and Patel Lands Ltd.

PATELENG Intrinsic Value
45.26 INR
Undervaluation 37%
Intrinsic Value
Price ₹28.3
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