---
title: "Pratham EPC Projects Ltd (PRATHAM) — Share Price, Financials & Analysis"
symbol: "PRATHAM"
company: "Pratham EPC Projects Ltd"
canonical: "https://tapetide.com/stocks/PRATHAM"
isin: "INE0QA601016"
nse_symbol: "PRATHAM"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 219.46
generated_at: "2026-09-13T18:57:07.720Z"
---

# Pratham EPC Projects Ltd (PRATHAM)

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

## Company

- **NSE Symbol:** PRATHAM
- **ISIN:** INE0QA601016
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-03-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** prathamepc.com

## About

Incorporated in 2014, Pratham EPC Projects 
 Ltd in the business of Pipeline Construction 
 of Oil & Gas and Water Engineering Procurement Construction[1]

## Latest Price

- **Price:** ₹123.5
- **Change:** +3.25 (+2.7%)
- **Open:** ₹120
- **Day High:** ₹123.5
- **Day Low:** ₹120
- **Previous Close:** ₹120.25
- **Volume:** 5200
- **As Of:** 2026-09-11T09:46:03+00:00

## Key Fundamentals

Observed at 2026-09-11T04:46:21.649245Z.

- **Market Cap:** ₹219.46 Cr
- **Classification:** SME
- **P/E (reported):** 35.6
- **Book Value:** ₹49.94
- **Price to Book:** 2.41
- **Dividend Yield:** 0%
- **ROE:** 18.38%
- **ROCE:** 24.18%
- **Debt to Equity:** 0.52
- **Revenue (yearly):** ₹140.22 Cr
- **Net Income:** ₹6.1 Cr
- **EBITDA:** ₹11.4 Cr
- **52-Week High:** ₹196
- **52-Week Low:** ₹100
- **RSI (14):** 51.7

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 39.8 | 9% |
| growth | 64.73 | 9% |
| momentum | 44.74 | 12% |
| ownership | 50.17 | 24% |
| quality | 50.07 | 22% |
| valuation | 22.21 | 24% |

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

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 139 days to 88.9 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -1.33% | -28.33% | — |
| ebitda margin growth | -54.09% | -65.45% | -42.82% |
| net income growth | -55.47% | -7% | 38.64% |
| revenue growth | 14.19% | 41% | 22.61% |
| roce | 1.94% | -50.45% | 36.88% |
| roe | 12.21% | 25.77% | -56.79% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 31 | 35 | 35 | 62 | 57 | 68 | 72 |
| Expenses | 27 | 28 | 28 | 52 | 50 | 60 | 69 |
| Operating Profit | 4 | 7 | 7 | 10 | 7 | 8 | 3 |
| OPM % | 12 | 21 | 20 | 17 | 12 | 12 | 4.5 |
| Other Income | 1 | 2 | 1 | 2 | 1 | 1 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 4 | 7 | 6 | 12 | 7 | 6 | 1 |
| Tax % | 25 | 26 | 26 | 27 | 25 | 21 | -28 |
| Net Profit | 3 | 5 | 5 | 8 | 5 | 5 | 1 |
| EPS in Rs | 33.33 | 4.04 | 2.69 | 4.81 | 2.94 | 2.82 | 0.56 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 50 | 50 | 70 | 119 | 140 |
| Expenses | 44 | 40 | 55 | 101 | 129 |
| Operating Profit | 7 | 10 | 14 | 17 | 11 |
| OPM % | 14 | 21 | 21 | 15 | 8 |
| Other Income | 0 | 1 | 2 | 4 | 3 |
| Interest | 0 | 1 | 2 | 1 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 6 | 10 | 13 | 19 | 7 |
| Tax % | 25 | 25 | 26 | 26 | 16 |
| Net Profit | 4 | 8 | 10 | 14 | 6 |
| EPS in Rs | 54.57 | 94.44 | 5.61 | 7.72 | 3.38 |
| 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 | 0.81 | 0.81 | 18 | 18 | 18 |
| Reserves | 10 | 17 | 43 | 57 | 73 |
| Borrowings | 2 | 14 | 4 | 12 | 47 |
| Other Liabilities | 16 | 17 | 14 | 19 | 64 |
| Total Liabilities | 29 | 49 | 80 | 106 | 201 |
| Fixed Assets | 5 | 8 | 12 | 13 | 36 |
| CWIP | 0 | 0 | 0 | 4 | 3 |
| Investments | 4 | 4 | 0 | 0 | 0 |
| Other Assets | 19 | 36 | 67 | 89 | 161 |
| Total Assets | 29 | 49 | 80 | 106 | 201 |

### 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 | 10 | -7 | -9 | -9 | -18 |
| Cash from Investing Activity | -5 | -3 | -3 | -1 | -27 |
| Cash from Financing Activity | 0 | 5 | 20 | 6 | 40 |
| Net Cash Flow | 5 | -5 | 8 | -3 | -4 |
| Free Cash Flow | 9 | -11 | -13 | -15 | -43 |
| CFO/OP | 172 | -44 | -39 | -25 | -145 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 45 | 119 | 85 | 94 | 102 |
| Inventory Days | — | — | 469 | 222 | 333 |
| Days Payable | — | — | 151 | 45 | 167 |
| Cash Conversion Cycle | 45 | 119 | 403 | 271 | 268 |
| Working Capital Days | -40 | 10 | 169 | 160 | 89 |
| ROCE % | — | 49 | 32 | 26 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 72.97% | 72.97% | 71.16% | 71.16% |
| FIIs | 0% | 8.11% | 0% | 0% | 0.01% |
| DIIs | 0% | 0.14% | 0.04% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 12.34% | 23.96% | 26.68% | 26.63% |
| Others | 0% | 6.43% | 3.02% | 2.16% | 2.2% |
| No. of Shareholders | 7 | 7 | 1566 | 1682 | 1668 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 5 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 120.32 | Buy |
| EMA (10) | 120.53 | Buy |
| SMA (20) | 119.87 | Buy |
| EMA (20) | 120.04 | Buy |
| SMA (50) | 119.31 | Buy |
| EMA (50) | 120.16 | Buy |
| SMA (100) | 124.23 | Sell |
| EMA (100) | 123.14 | Buy |
| SMA (200) | 130.98 | Sell |
| EMA (200) | 130.68 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.53 | Neutral |
| MACD (12,26,9) | 0.52 | Buy |
| Stochastic (14,3,3) | 58.52 | Neutral |
| ADX (14) | 15.02 | Neutral |
| Williams %R (14) | -15.91 | Sell |
| ATR (14) | 3.06 | Neutral |
| ROC (12) | 2.57 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 61.34 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - AGM corrigendum revises remote e-voting cut-off date from 18.09.2026 to 23.09.2026. | [Disclosure of material issue 9 Sep - AGM corrigendum revises remote e-voting cut-off date from 18.09.2026 to 23.09.2026.](https://nsearchives.nseindia.com/corporate/PRATHAM_09092026181218_agmcorrigendumfinal.pdf) |
| 7 Sep - Submitted newspaper advertisement for 12th AGM on 30 September 2026 at 3:00 PM. | [Copy of Newspaper Publication 7 Sep - Submitted newspaper advertisement for 12th AGM on 30 September 2026 at 3:00 PM.](https://nsearchives.nseindia.com/corporate/PRATHAM_07092026125811_NSECOVERLETTERAGM2026.pdf) |
| 7 March 2026 - Appointed Manish Santosh Buchasia as registered valuer for revised valuation report for proposed preferential equity issue. | [Disclosure of material issue 7 March 2026 - Appointed Manish Santosh Buchasia as registered valuer for revised valuation report for proposed preferential equity issue.](https://nsearchives.nseindia.com/corporate/PRATHAM_07032026172413_Reg_30signed.pdf) |
| 5 Sep - Submitted FY26 annual report and AGM notice for September 30, 2026; proposes object clause expansion. | [Shareholders meeting 5 Sep - Submitted FY26 annual report and AGM notice for September 30, 2026; proposes object clause expansion.](https://nsearchives.nseindia.com/corporate/PRATHAM_05092026163522_AGMNOTICECLANNUAL_REPORT.pdf) |
| 5 Sep - Board approved 12th AGM on 30 Sep 2026, auditor appointments, book closure, and energy infrastructure object clause. | [Outcome of Board Meeting 5 Sep - Board approved 12th AGM on 30 Sep 2026, auditor appointments, book closure, and energy infrastructure object clause.](https://nsearchives.nseindia.com/corporate/PRATHAM_05092026125337_PRATHAM_OUTCOME_2026SIGNED.pdf) |
| 5 Sep - Board approved 12th AGM on 30 Sep 2026, auditor appointments, and energy infrastructure object clause addition. | [Outcome of Board Meeting 5 Sep - Board approved 12th AGM on 30 Sep 2026, auditor appointments, and energy infrastructure object clause addition.](https://nsearchives.nseindia.com/corporate/PRATHAM_05092026124839_PRATHAM_OUTCOME_2026SIGNED.pdf) |
| 5 Sep - Board approved 12th AGM on 30 Sep 2026 and proposed energy infrastructure object clause. | [Appointment 5 Sep - Board approved 12th AGM on 30 Sep 2026 and proposed energy infrastructure object clause.](https://nsearchives.nseindia.com/corporate/PRATHAM_05092026130227_PRATHAM_OUTCOME_2026SIGNED.pdf) |
| 5 Sep - 12th AGM on 30 Sep 2026; board approved new energy infrastructure object clause and auditor appointments. | [Change in Management 5 Sep - 12th AGM on 30 Sep 2026; board approved new energy infrastructure object clause and auditor appointments.](https://nsearchives.nseindia.com/corporate/PRATHAM_05092026131537_PRATHAM_OUTCOME_2026SIGNED.pdf) |
| 30 May - Pratham EPC Projects Limited has submitted to the Exchange Consolidated and Standalone the financial results for the period ended March 31, 2026. | [Outcome of Board Meeting 30 May - Pratham EPC Projects Limited has submitted to the Exchange Consolidated and Standalone the financial results for the period ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/PRATHAM_30052026154738_OUTCOMEOFBOARD2026.pdf) |
| 30 May - Pratham EPC Projects Limited has informed about statement of deviation(s) or variation(s) under Reg. 32 | [Statement of deviation(s) or variation(s) under Reg. 32 30 May - Pratham EPC Projects Limited has informed about statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/PRATHAM_30052026155941_SOD2026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29068_PRATHAM_2024_2025_A_353484564_16092025110054.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26196_PRATHAM_2023_2024_0709202423141.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 2026-09-13T18:57:07.720Z.