Patel Engineering share price today

Patel Engineering Ltd's share price was ₹25.26 at the close on 4 November 2026. It has been falling for 108 weeks. That is 11.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹22 and ₹35, and at that close it sat 23% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Patel Engineering Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running.

Over the last 11 years the share price moved −36% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: highest quarterly profit in 9 quarters.

1. Highest quarterly profit in 9 quarters

   Profit of ₹98 crore in the June 2026 quarter is the highest of the last 9 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Patel Engineering reported revenue of ₹1,281 crore, up 3.9% from ₹1,233 crore a year earlier, and a profit of ₹98.0 crore, up 21.0% from ₹81.0 crore.

Patel Engineering results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Patel Engineering's management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Patel Engineering closed at ₹25.26 on 4 November 2026, down 26.2% from ₹34.25 a year earlier (7 November 2025) and up 17.5% over five years. Its highest weekly close since March 2016 was ₹74.38 on 16 September 2016.

Patel Engineering share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Patel Engineering closed at ₹25.26, up 9.6% on the week and down 2.6% on the month. 29 Sep 2026: Patel Engineering held its results call for April to June 2026. Management guided: New order inflow ₹8,000-10,000 crore annually for the next 4-5 years, approximately ₹50,000 crore over 5 years.

Earlier

• Results for April to June 2026: Revenue up 3.9% and profit up 21.0% on a year earlier.

Patel Engineering has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Patel Engineering Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 September 2026, Patel Engineering's management guided: New order inflow ₹8,000-10,000 crore annually for the next 4-5 years, approximately ₹50,000 crore over 5 years.

“It is difficult to say that the pledge will come down to zero in 1 or 2 years. We have reduced it this year, as we had guided earlier, and we expect further reductions going forward depending on the company's performance.”Rahul Agarwal, CFO, on the call for April to June 2026

What management guided

• Revenue yearly growth above 10-12% over 4-5 years; closing vision added revenue and profit yearly growth of 13-15% over 5 years.
• Operating margin maintained at 13-14% over the outlook period.
• Non-core cash generation ₹150-200 crore annually for 4-5 years; arbitration recovery may take around 5 years overall.
• Additional ₹40,000 crore bids by March, with 15-20% conversion expected.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

When Patel Engineering reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: New order awards from the current government tender pipeline - check whether replenishment is accelerating enough to support the stated annual intake plan.

Patel Engineering is on 2 of our India lists: 52 week high & low and Penny stocks.

Patel Engineering Ltd earned ₹98.0 Cr of net profit in the Jun 2026 quarter, +21.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹269 Cr. That is 7.7% of the quarter's revenue. The same quarter a year earlier earned ₹81.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹269 Cr (+8.5% on the year before).

Why profit moved: revenue changed +3.9% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +6.2% and revenue −0.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Patel Engineering Ltd reported ₹1,281 Cr of revenue in the Jun 2026 quarter, +3.9% on the same quarter a year earlier. Over 10 years it has grown 2.4% a year on average. The last full year, FY26, came in at ₹5,103 Cr. The last four reported quarters add to ₹5,149 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹5,103 Cr, +0.2% on the year before.

Recent pace: the last four quarters grew −0.6% on average, against 2.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −1.5%, against +6.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +4.7%, against −2.5% a year (accelerating).

Patel Engineering Ltd's operating margin was 14.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 7.0% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed +0.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 189% of Patel Engineering Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹560 Cr of operating cash against ₹269 Cr of profit. After ₹69.0 Cr of spending on assets, ₹491 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 189% of profit came in as cash: the cash cycle got 36 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Patel Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 43 days in FY26, down from 79 days in FY21. It spent ₹241 Cr on assets over the last 3 years. Customers take 43 days to pay, and stock sits for 95 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,103 Cr, each day of that cycle ties up about ₹14.0 Cr, so roughly ₹601 Cr is tied up in the business at any time.

FY26: customers took 43 days to pay and stock sat for 95 days, about 3.1 months of sales sitting as stock, for a full cycle of 43 days, shorter than FY21's 79.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 95 days. Customers pay about 43 days after that. Suppliers are paid at 210 days. Together that makes the 43-day cycle.

Spending on assets: ₹241 Cr over the last 3 years, against ₹302 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹126 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Patel Engineering Ltd's P/E is 6.4×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 12.0×, over 8.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹2.83.