---
title: "Oval Projects Engineering Ltd (544498) — Share Price, Financials & Analysis"
symbol: "544498"
company: "Oval Projects Engineering Ltd"
canonical: "https://tapetide.com/stocks/544498"
isin: "INE0RTI01017"
nse_symbol: "OVALPROJECTSENGINEERINGLTD"
bse_code: "544498"
sector: "Commercial Services"
industry: "Diversified Services"
market_cap_cr: 100.8
generated_at: "2026-09-13T18:58:51.903Z"
---

# Oval Projects Engineering Ltd (544498)

Canonical page: https://tapetide.com/stocks/544498

## Company

- **NSE Symbol:** OVALPROJECTSENGINEERINGLTD
- **BSE Code:** 544498
- **ISIN:** INE0RTI01017
- **Sector:** Commercial Services
- **Industry:** Diversified Services
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ovalprojects.com

## About

Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company specializing in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:45:23.584963Z.

- **Market Cap:** ₹100.8 Cr
- **Classification:** SME
- **P/E (reported):** 7.3
- **Book Value:** ₹53.02
- **Price to Book:** 0.92
- **Dividend Yield:** 2.06%
- **ROE:** 16.7%
- **ROCE:** 28.48%
- **Debt to Equity:** 0.68
- **Revenue (yearly):** ₹149.9 Cr
- **Net Income:** ₹13.66 Cr
- **EBITDA:** ₹25.75 Cr
- **52-Week High:** ₹78.6
- **52-Week Low:** ₹42.5
- **RSI (14):** 34.02

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Falling
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 41.89 | 9% |
| growth | 92.84 | 9% |
| momentum | 49.94 | 12% |
| ownership | 41.64 | 24% |
| quality | 50.65 | 22% |
| valuation | 58.5 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.91 times its book value

### Weaknesses

- Contingent liabilities of Rs.60.4 Cr.
- Working capital days have increased from 64.6 days to 142 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -234.14% | -363.44% |
| ebitda margin growth | -10.44% | 20.56% | 61.49% |
| net income growth | 46.88% | 63% | 355.33% |
| revenue growth | 44.97% | 36% | 20.3% |
| roce | 15.16% | -2.7% | 25.46% |
| roe | 27.77% | 15.9% | -6.91% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 59 | 91 |
| Expenses | 46 | 78 |
| Operating Profit | 12 | 13 |
| OPM % | 21 | 15 |
| Other Income | 1 | 3 |
| Interest | 5 | 5 |
| Depreciation | 0 | 1 |
| Profit before tax | 9 | 11 |
| Tax % | 31 | 31 |
| Net Profit | 6 | 8 |
| EPS in Rs | 2.91 | 3.69 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 59 | 59 | 78 | 102 | 150 |
| Expenses | 53 | 55 | 68 | 83 | 124 |
| Operating Profit | 6 | 4 | 10 | 19 | 26 |
| OPM % | 10 | 6 | 13 | 18 | 17 |
| Other Income | 0 | 5 | 1 | 1 | 5 |
| Interest | 1 | 3 | 3 | 6 | 9 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 4 | 7 | 13 | 20 |
| Tax % | 28 | 28 | 37 | 29 | 31 |
| Net Profit | 3 | 3 | 4 | 9 | 14 |
| EPS in Rs | 452.74 | 486.28 | 3.22 | 6.11 | 6.61 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.07 | 0.07 | 14 | 15 | 21 |
| Reserves | 14 | 18 | 20 | 41 | 89 |
| Borrowings | 22 | 32 | 32 | 54 | 75 |
| Other Liabilities | 34 | 32 | 38 | 47 | 32 |
| Total Liabilities | 70 | 82 | 104 | 156 | 217 |
| Fixed Assets | 5 | 5 | 6 | 5 | 8 |
| CWIP | 8 | 10 | 4 | 3 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 57 | 68 | 94 | 148 | 200 |
| Total Assets | 70 | 82 | 104 | 156 | 217 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 12 | -1 | -16 | -37 |
| Cash from Investing Activity | -2 | -4 | -15 | -3 | -11 |
| Cash from Financing Activity | 1 | -1 | 16 | 29 | 55 |
| Net Cash Flow | 0 | 7 | -1 | 10 | 6 |
| Free Cash Flow | -1 | 10 | -1 | -15 | -47 |
| CFO/OP | 13 | 321 | 0 | -65 | -145 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 132 | 113 | 83 | 152 | 90 |
| Inventory Days | — | — | 276 | 256 | 240 |
| Days Payable | — | — | 191 | 196 | 48 |
| Cash Conversion Cycle | 132 | 113 | 168 | 212 | 282 |
| Working Capital Days | 54 | -27 | 7 | 44 | 142 |
| ROCE % | — | 18 | 18 | 22 | 20 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 53.07% | 53.07% | 53.12% |
| FIIs | 4.45% | 0.82% | 0.82% |
| DIIs | 6.85% | 3.69% | 1.86% |
| Government | 0% | 0% | 0% |
| Public | 18.69% | 13.23% | 18.14% |
| Others | 16.94% | 29.19% | 26.07% |
| No. of Shareholders | 71 | 704 | 509 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 51.26 | Sell |
| EMA (10) | 50.56 | Sell |
| SMA (20) | 52.88 | Sell |
| EMA (20) | 52.12 | Sell |
| SMA (50) | 55.75 | Sell |
| EMA (50) | 53.77 | Sell |
| SMA (100) | 52.93 | Sell |
| EMA (100) | 55.09 | Sell |
| SMA (200) | 58.32 | Sell |
| EMA (200) | 58.52 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.91 | Neutral |
| MACD (12,26,9) | -1.73 | Sell |
| Stochastic (14,3,3) | 6.18 | Buy |
| ADX (14) | 19.28 | Neutral |
| Williams %R (14) | -95.51 | Buy |
| ATR (14) | 1.41 | Neutral |
| ROC (12) | -10.19 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 28.82 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a9073c4-c5e5-4c6f-9476-6b3ff78a995d.pdf) |
| 2026-09-06 | [Notice Of 13Th Annual General Meeting To Be Held On September 29 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb373db3-363c-4393-9dbb-9b51d3a8279b.pdf) |
| 2026-09-06 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb6df350-686b-4f27-90a0-b9c16a054ffa.pdf) |
| 2026-09-06 | [Intimation Of Record Date For Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c8cd0a0-b57c-410a-ae44-8c55b418d300.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72cdfcf8-cbf0-4669-9095-7fdcb50d21a0.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0f57328-e2c8-4917-bd74-d90c070f891d.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5576eb6-8fb5-498f-ab7b-92d844a55752.pdf) |
| 2026-08-29 | [Board Meeting Intimation for Consider The Recommendation Of The Proposed Dividend And Other Matters](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04532cb2-64ac-4ce1-8167-20f31b7d17b8.pdf) |
| 2026-08-27 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3bd15b15-cf9f-4c81-8809-9da61dc3e200.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffa15e65-add2-4a04-81bc-aa80400df480.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0993e8bb-7b87-4ad9-83b9-2083d0ea9f8d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Audited Financial (Standalone And Consolidated)Result For The Half Year And Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e05535d1-af5a-4d2d-8b25-2f6e27919887.pdf) |
| 2025-11-11 | [Revised Unaudited Financial Results (Standalone & Consolidated) For Half Year Ended On September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9cdaf848-a558-4aa0-be73-24b12e968b4c.pdf) |
| 2025-10-18 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b7448ba-f862-43de-a10c-36f58cc95c24.pdf) |
| 2025-10-18 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa060e5e-a23a-44a5-9f86-450a89851c6a.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Company issued Rs. 883 lakh corporate guarantee for Oval Fresh Private Limited on April 24, 2026. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Issuance Of Corporate Guarantee 8h - Company issued Rs. 883 lakh corporate guarantee for Oval Fresh Private Limited on April 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/934de492-c919-4f2d-b298-0a94f88cc334.pdf) |
| 6 Feb - Charter hire for vessel SEAMEC II extended to August 25, 2026; all terms unchanged. | [Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015 6 Feb - Charter hire for vessel SEAMEC II extended to August 25, 2026; all terms unchanged.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4238c328-8506-41ea-b5dd-9c57e0d76b28.pdf) |
| 5 Mar - Regarding investor meet of Oval Projects Engineering Limited to be held on March 10, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Mar - Regarding investor meet of Oval Projects Engineering Limited to be held on March 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/083535b3-2ae0-41e3-bab0-dda47cfeecac.pdf) |
| 5 Feb - Q3 FY26 earnings concall transcript: consolidated revenue INR331 crore, PAT INR100 crore, Feb 02, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 5 Feb - Q3 FY26 earnings concall transcript: consolidated revenue INR331 crore, PAT INR100 crore, Feb 02, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29fd9493-2afe-4088-93cb-b8eec9ac5b96.pdf) |
| 31 Mar - Company disputes CRISIL's March 30, 2026 downgrade to Crisil B/Stable and A4; says it withdrew mandate. | [Announcement under Regulation 30 (LODR)-Credit Rating 31 Mar - Company disputes CRISIL's March 30, 2026 downgrade to Crisil B/Stable and A4; says it withdrew mandate.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3536b997-a1e0-41ca-83aa-9a377daafa27.pdf) |
| 28 Feb - Revised monitoring report for quarter ended Dec 31, 2025: IPO proceeds Rs.46.74 crore, Rs.8.48 crore unutilised, no deviations. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 28 Feb - Revised monitoring report for quarter ended Dec 31, 2025: IPO proceeds Rs.46.74 crore, Rs.8.48 crore unutilised, no deviations.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f50e9ff1-eee8-4714-ab45-d3a359b650e8.pdf) |
| 28 Feb - Monitoring agency reports full utilization status of Rs.46.74 crore IPO proceeds as of Dec 31, 2025; no deviations. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 28 Feb - Monitoring agency reports full utilization status of Rs.46.74 crore IPO proceeds as of Dec 31, 2025; no deviations.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a09c63bc-02b9-427a-abb4-7314a5d54575.pdf) |
| 26 Feb - Addendum (25 Feb 2026) with G R Infraprojects for additional deployment of vessel SEAMEC PRINCESS; no income change. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 26 Feb - Addendum (25 Feb 2026) with G R Infraprojects for additional deployment of vessel SEAMEC PRINCESS; no income change.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dda8e52e-9089-450a-8633-d76b59981a7c.pdf) |
| 25 Feb - SEAMEC II off-hire from 25 Feb 2026 13:00 for Flag State inspection; will resume ONGC contract afterwards. | [Deployment Status Of Vessel - SEAMEC II 25 Feb - SEAMEC II off-hire from 25 Feb 2026 13:00 for Flag State inspection; will resume ONGC contract afterwards.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e861e4c1-8f32-4001-9cfd-d76b1fb10837.pdf) |
| 24 Apr - Company issued Rs. 883 lakh corporate guarantee for Oval Fresh Private Limited on April 24, 2026. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Issuance Of Corporate Guarantee 24 Apr - Company issued Rs. 883 lakh corporate guarantee for Oval Fresh Private Limited on April 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/934de492-c919-4f2d-b298-0a94f88cc334.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0b9aa64-cf43-49b3-8f94-d7b209e7cc9f.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4318fdd7-3cf0-493d-acbc-6e5a9e0faa51.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4e4bf90-e7f5-48fd-8e41-555ae2f707c0.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6c40009-b48c-4c4d-8a1f-a44a6e1be027.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdaf75ee-23ed-4c20-b9aa-07ab202f8260.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a896cb7-2e04-4938-99a3-67f341b5e8a8.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5023a3a0-37a5-4e90-9b45-86d8c626bae0.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84b2e6ad-50b3-477d-82f8-a0f263a99a4a.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2288d158-1915-45eb-b6ed-38243210fde2.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7344bf0f-e48f-4a09-91f8-53b677956f5a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bfc3b49e-80b9-42d6-b55e-ed6a731aad5c.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acdb23c3-0b42-443e-ba00-ab287d03ef99.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24f7f5b6-39a3-4930-adb4-317d77ec4020.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56cb39dc-1991-4b4b-90a7-74ae7c87fc5e.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526807/73698526807.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526807/69046526807.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526807/65455526807.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526807/5268070319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526807/5268070318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526807/5268070317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:51.903Z.