---
title: "RKEC Projects Ltd (RKEC) — Share Price, Financials & Analysis"
symbol: "RKEC"
company: "RKEC Projects Ltd"
canonical: "https://tapetide.com/stocks/RKEC"
isin: "INE786W01010"
nse_symbol: "RKEC"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 48.85
generated_at: "2026-09-13T19:15:07.460Z"
---

# RKEC Projects Ltd (RKEC)

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

## Company

- **NSE Symbol:** RKEC
- **ISIN:** INE786W01010
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2020-12-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rkecprojects.com

## About

Incorporated in 2005, RKEC Projects Ltd is a construction and engineering Company, specializing in civil and defense infrastructure projects.[1]

## Latest Price

- **Price:** ₹19.33
- **Change:** +0.16 (+0.83%)
- **Open:** ₹19.17
- **Day High:** ₹19.65
- **Day Low:** ₹18.27
- **Previous Close:** ₹19.17
- **Volume:** 39692
- **As Of:** 2026-09-11T10:24:35+00:00

## Key Fundamentals

Observed at 2026-09-11T04:46:25.336704Z.

- **Market Cap:** ₹48.85 Cr
- **Classification:** Microcap
- **P/E (reported):** -0.9
- **EPS (TTM):** ₹-21.44
- **Book Value:** ₹58.66
- **Price to Book:** 0.33
- **Dividend Yield:** 6.26%
- **ROE:** 10.62%
- **ROCE:** 22.59%
- **Debt to Equity:** 1.4
- **Revenue (yearly):** ₹180.17 Cr
- **Net Income:** ₹-47.39 Cr
- **EBITDA:** ₹-19.22 Cr
- **52-Week High:** ₹81.5
- **52-Week Low:** ₹19.05
- **RSI (14):** 25.11

## Tapetide Score

- **Score:** 29 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 1.4 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 11.39 | 9% |
| growth | 1.1 | 9% |
| momentum | 4.15 | 12% |
| ownership | 51.39 | 24% |
| quality | 24.65 | 22% |
| valuation | 60.98 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.33 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -8.77%
- The company has delivered a poor sales growth of -2.29% over past five years.
- Company has a low return on equity of 1.01% over last 3 years.
- Contingent liabilities of Rs.22.9 Cr.
- Promoters have pledged 75.2% of their holding.
- Company has high debtors of 262 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -81.89% | -72.74% | 111.88% |
| ebitda margin growth | 58.57% | -175.96% | -172.29% | -183.51% |
| net income growth | 58.31% | -336.95% | -336.95% | -767.46% |
| revenue growth | -55.66% | -57.98% | -16% | -2% |
| roce | -57.13% | 11.45% | 5.17% | 19.51% |
| roe | -58.29% | -10.23% | 10.23% | 7.82% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45 | 117 | 140 | 85 | 77 | 119 | 119 | 76 | 31 | 33 | 40 | 17 |
| Expenses | 40 | 97 | 127 | 71 | 64 | 102 | 110 | 65 | 24 | 26 | 84 | 36 |
| Operating Profit | 6 | 20 | 13 | 13 | 13 | 17 | 8 | 11 | 7 | 7 | -44 | -19 |
| OPM % | 12 | 17 | 9 | 16 | 17 | 14 | 7 | 15 | 21 | 21 | -109 | -109 |
| Other Income | 1 | 0 | 2 | 0 | 1 | 0 | 6 | 0 | 2 | 2 | 2 | 1 |
| Interest | 3 | 4 | 5 | 4 | 4 | 6 | 5 | 5 | 3 | 5 | 11 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 3 | 2 |
| Profit before tax | 1 | 14 | 9 | 7 | 7 | 9 | 6 | 5 | 2 | 2 | -57 | -24 |
| Tax % | 28 | 25 | 37 | 27 | 23 | 28 | 58 | 26 | 24 | 28 | -27 | -27 |
| Net Profit | 1 | 11 | 5 | 5 | 6 | 6 | 3 | 3 | 2 | 2 | -41 | -17 |
| EPS in Rs | 0.37 | 4.47 | 2.27 | 2.21 | 2.36 | 2.65 | 1.13 | 1.4 | 0.66 | 0.66 | -16.06 | -6.7 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 240 | 244 | 298 | 202 | 209 | 300 | 339 | 399 | 180 | 121 |
| Expenses | 201 | 201 | 229 | 171 | 184 | 246 | 290 | 346 | 199 | 171 |
| Operating Profit | 39 | 43 | 68 | 32 | 24 | 54 | 49 | 53 | -19 | -49 |
| OPM % | 16 | 18 | 23 | 16 | 12 | 18 | 14 | 13 | -11 | -41 |
| Other Income | 1 | 1 | -11 | 3 | 2 | 4 | 4 | 7 | 6 | 7 |
| Interest | 4 | 6 | 13 | 14 | 13 | 26 | 16 | 21 | 25 | 25 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 9 | 9 | 9 |
| Profit before tax | 33 | 35 | 41 | 17 | 9 | 27 | 28 | 30 | -47 | -76 |
| Tax % | 37 | 30 | 26 | 27 | 32 | 55 | 29 | 33 | -27 | — |
| Net Profit | 20 | 24 | 30 | 13 | 6 | 12 | 20 | 20 | -35 | -55 |
| EPS in Rs | 8.48 | 10.06 | 12.62 | 5.32 | 2.62 | 5.13 | 8.28 | 8.35 | -13.44 | -21.44 |
| Dividend Payout % | 24 | 20 | 0 | 23 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 19 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 26 |
| Reserves | 17 | 51 | 72 | 96 | 109 | 112 | 125 | 144 | 164 | 143 |
| Borrowings | 0 | 15 | 50 | 70 | 111 | 149 | 116 | 150 | 212 | 237 |
| Other Liabilities | 77 | 60 | 89 | 133 | 116 | 73 | 120 | 112 | 169 | 144 |
| Total Liabilities | 113 | 150 | 235 | 322 | 359 | 359 | 385 | 430 | 569 | 550 |
| Fixed Assets | 11 | 14 | 20 | 33 | 55 | 52 | 54 | 53 | 103 | 94 |
| CWIP | 0 | 0 | 10 | 23 | 0 | 0 | 9 | 28 | 7 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 102 | 135 | 205 | 267 | 304 | 307 | 322 | 349 | 460 | 451 |
| Total Assets | 113 | 150 | 235 | 322 | 359 | 359 | 385 | 430 | 569 | 550 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 20 | -24 | 7 | 39 | -36 | 12 | 16 | 17 | 11 | -30 |
| Cash from Investing Activity | 2 | -4 | -34 | -37 | 4 | -3 | 5 | -31 | -44 | -6 |
| Cash from Financing Activity | -23 | 25 | 25 | 0 | 30 | 15 | -41 | 13 | 37 | 32 |
| Net Cash Flow | -1 | -2 | -2 | 3 | -2 | 25 | -19 | -1 | 4 | -4 |
| Free Cash Flow | 20 | -31 | -2 | 9 | -39 | 11 | 0 | -9 | -26 | -30 |
| CFO/OP | 86 | -32 | 41 | 72 | -99 | 63 | 57 | 52 | 40 | 223 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 73 | 125 | 123 | 131 | 305 | 258 | 196 | 189 | 154 | 262 |
| Inventory Days | 123 | 52 | 191 | 239 | 337 | 302 | 269 | 272 | 509 | — |
| Days Payable | 112 | 142 | 321 | 311 | 314 | 199 | 216 | 191 | 311 | — |
| Cash Conversion Cycle | 85 | 35 | -8 | 58 | 328 | 361 | 249 | 271 | 353 | 262 |
| Working Capital Days | 5 | 65 | 51 | 29 | 83 | 117 | 124 | 104 | 57 | 74 |
| ROCE % | 70 | 58 | 35 | 40 | 14 | 8 | 19 | 15 | 14 | -6 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.73% | 67.3% | 67.3% | 67.3% | 66.12% | 64.27% | 64.27% | 64.27% | 66.8% | 66.8% | 66.51% | 57.74% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.11% | 0% | 0.1% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3.97% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.73% | 28.6% | 28.31% | 28.98% | 30.32% | 31.58% | 31.85% | 31.51% | 28.83% | 28.91% | 29.05% | 29.55% |
| Others | 6.54% | 4.1% | 4.4% | 3.73% | 3.56% | 4.14% | 3.88% | 4.22% | 4.36% | 4.18% | 4.44% | 8.65% |
| No. of Shareholders | 6999 | 10036 | 12278 | 11917 | 12080 | 13297 | 13018 | 12671 | 12858 | 12992 | 12289 | 12328 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 20.8 | Sell |
| EMA (10) | 20.63 | Sell |
| SMA (20) | 21.78 | Sell |
| EMA (20) | 21.8 | Sell |
| SMA (50) | 24.72 | Sell |
| EMA (50) | 24.36 | Sell |
| SMA (100) | 28.07 | Sell |
| EMA (100) | 28.45 | Sell |
| SMA (200) | 37.05 | Sell |
| EMA (200) | 36.92 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 26.76 | Buy |
| MACD (12,26,9) | -1.5 | Sell |
| Stochastic (14,3,3) | 9.79 | Buy |
| ADX (14) | 42.87 | Buy |
| Williams %R (14) | -81.4 | Buy |
| ATR (14) | 1.68 | High Volatility |
| ROC (12) | -16.82 | Sell |
| Stoch RSI (14) | 10.9 | Buy |
| UO (7,14,28) | 37.56 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Updates](https://nsearchives.nseindia.com/corporate/RKEC_09092026183833_AnnualReportFY2026.pdf) |
| 2026-09-08 | [Updates](https://nsearchives.nseindia.com/corporate/RKEC_08092026213023_RKECAnnualReportFY2026.pdf) |
| 2026-08-20 | [Updates](https://nsearchives.nseindia.com/corporate/RKEC_20082026175028_RKECBoardCommittees.pdf) |
| 2026-08-20 | [Updates](https://nsearchives.nseindia.com/corporate/RKEC_20082026162543_RKECNSE18082026.pdf) |
| 2026-08-10 | [Updates](https://nsearchives.nseindia.com/corporate/RKEC_10082026213101_RKECOutcome.pdf) |
| 2026-08-10 | [Appointment](https://nsearchives.nseindia.com/corporate/RKEC_10082026213541_RKECOutcome.pdf) |
| 2026-07-29 | [General Updates](https://nsearchives.nseindia.com/corporate/RKEC_29072026171531_RKECBMIntimation070826.pdf) |
| 2026-07-23 | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter](https://nsearchives.nseindia.com/corporate/RKEC_23072026173538_SHP2026JuneRKEC.pdf) |
| 2026-07-09 | [General Updates](https://nsearchives.nseindia.com/corporate/RKEC_09072026120616_IntimationRKEC09072026.pdf) |
| 2026-06-30 | [Trading Window](https://nsearchives.nseindia.com/corporate/RKEC_30062026202026_TWCNSEIntimation.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 1 Sep - Exchange has sought clarification from RKEC Projects Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 1 Sep - Exchange has sought clarification from RKEC Projects Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/get-quotes/equity?symbol=RKEC) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RKEC_14082026212120_RKECBMOUTCOME14AUG2026.pdf) |
| 2026-08-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RKEC_13082026123758_RKECOutcome.pdf) |
| 2026-02-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RKEC_11022026154950_RKECOutcome.pdf) |
| 2025-11-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RKEC_14112025195315_RKECOutcome.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27745_RKEC_2024_2025_A_4742729_26082025200234.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25712_RKEC_2023_2024_04092024183018.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23469_RKEC_2022_2023_04092023235757_09052023070016.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21267_RKEC_2021_2022_03092022201449_09032022210009.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19314_RKEC_2020_2021_03092021222921_09032021230002.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2021 | [Concall - Jan 2021](https://archives.nseindia.com/corporate/RKEC_20012021180347_RKECInvestorpresentation.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 2026-09-13T19:15:07.460Z.