Established in: 1949
Managing Director: Kavita Shirvaikar
Patel Engineering Limited is an infrastructure and civil engineering conglomerate headquartered in Mumbai, Maharashtra. The company is involved in heavy construction, including building dams, tunnels, micro-runnels, hydroelectric projects, highways, roads, bridges, and railways, as well as real estate and townships.
The company is considered a leader in the industry and specialises in projects such as hydro-electric, transportation, and water treatment, etc.
Patel Engineering Limited launched its IPO and went public in 2006. The company is listed on both Indian stock exchanges, BSE and NSE.
History of Patel Engineering Limited
Patel Engineering Limited was founded in 1949 by Haribhai Bhagwan Patel and is headquartered in Mumbai, Maharashtra. From its incorporation, the company has evolved into a leading infrastructure conglomerate which specialises in constructing tunnels, dams and hydro-electric projects.
Business Segments of Patel Engineering Limited
The following are the business segments of Patel Engineering Limited.
- Infrastructure Development
This segment is the core business operation of the company and specialises in sectors such as hydroelectric, underground structures, industrial structures, renewable energy, irrigation and transport infrastructure. The company caters significantly to projects commissioned by the central and state governments.
The company is also involved in developing and maintaining real estate and township assets, helping it benefit from their long-term value. The company owns and oversees the maintenance of infrastructure assets constructed in partnership with public entities.
Future Plans of Patel Engineering Limited
The following are the future plans of Patel Engineering Limited.
The company launched a rights issue to raise capital and dedicated a significant portion of around ₹3000 crore towards reducing its long-term debt. The company aims to become net debt-free by FY27/FY28.
The company is targeting major projects within the range of ₹8,000 to ₹10,000 crore by capitalising on its expertise and specialisation in RCC dams and tunnelling. Patel Engineering Ltd is actively bidding for major infrastructure projects to secure substantial tenders.
The company maintains a substantial order book dominated by hydro and irrigation infrastructure projects. The company aims to align its future pipeline with the Indian government's efforts to expand storage hydro facilities and non-fossil energy infrastructure.
Patel Engineering Limited aims to maintain a steady and stable EBITDA margin and is focusing on bids with higher margins to target double-digit revenue expansion. The company is currently endeavouring to secure projects beyond the Indian borders and has bagged multiple high-margin projects in Nepal and Bhutan.
Subsidiaries of Patel Engineering Limited
The following are the domestic and international subsidiaries of Patel Engineering Limited.
- Michigan Engineers Private Limited.
- Shreeanant Construction Private Limited.
- Patel Patron Private Limited.
- Patel Engineers Private Limited.
- Friends Nirman Private Limited.
- Bhooma Realties Private Limited.
- Pandora Infra Private Limited.
- Vismaya Constructions Private Limited.
- Patel Engineering Lanka Private Limited.
- Patel Concrete and Quarries Private Limited.
- ASI Constructors Incorporated.
- Patel Engineering Pte. Limited in Singapore.
- Patel Engineering Limited in Mauritius.
- Patel Energy Resources Limited.
- Patel Hydro Power Private Limited.
- PEL Power Limited.
- Patel Energy Assignment /Projects /Operations Private Limited.
- Patel Lands Limited.
- Phedra Projects Private Limited.
- Energy Design Private Limited.
- Shashvat Land Projects Private Limited.
Patel Engineering Financial Highlights
- Revenue: Patel Engineering reported revenue of ₹5,268.50 crore in FY26 vs ₹5,259.63 crore in FY25. It showed an increase of 0.17% on a yearly basis.
- Operating Profit: Patel Engineering reported an operating profit of ₹287.63 crore in FY26 vs ₹325.67 crore in FY25. It showed a decrease of 11.68% on a year-on-year basis.
- Net Profit: Patel Engineering reported a net profit of ₹269.92 crore in FY26 vs ₹236.16 crore in FY25. It showed an increase of 14.30% on a yearly basis.
Patel Engineering Quarterly Result Highlights
- Patel Engineering reported revenue of ₹1,306.18 crore in Jun 2026, compared with ₹1,456.05 crore in Mar 2026, representing a decrease of 10.29% on a quarter-on-quarter (QoQ) basis.
- Patel Engineering reported an operating profit of ₹116.78 crore in Jun 2026, compared with ₹56.65 crore in Mar 2026, representing an increase of 106.14% on a quarter-on-quarter (QoQ) basis.
- Patel Engineering reported a profit of ₹91.99 crore in Jun 2026, compared with ₹31.89 crore in Mar 2026, reflecting an increase of 188.46% on a QoQ basis.
- The earnings per share (EPS) of Patel Engineering stood at ₹2.92 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
