Competitive bidding pressure
Lost a large ₹16,000-17,000 crore project to a new player at a low price, indicating aggressive competition.
high · analyst_questionPatel Engineering Ltd — Q4 FY26
Patel Engineering reported FY26 revenue of ₹5,102 crore (flat YoY) and PAT of ₹294 crore (+21% YoY), driven by disciplined execution and non-core asset monetization of ₹185 crore.
bullish
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Slow arbitration award realization
₹700 crore in arbitration awards are stuck in courts, with expected realization over 5-6 years, delaying cash flows.
medium · analyst_questionPromoter pledge and rights issue dilution
Promoter stake fell from 39% to 31.48% due to non-participation in rights issue, raising governance concerns.
medium · analyst_questionHigh finance cost from non-fund based limits
Interest cost includes ~₹70 crore for bank guarantees and LCs, keeping effective rates high despite debt reduction.
low · analyst_question