Patel Engineering Ltd (Rs.16.25): Updates

Patel Engineering Ltd is a multi-disciplinary construction and engineering group, with expertise in three major sectors: Real Estate,, Infrastructure and Asset Ownership. Let us see who are holding the shares of the company?

#Bank of Baroda ( 4.29%).

#PTC India Ltd (3.19%)

#ICICI Bank Ltd (1.59%).

#Axis Bank Limited  ( 1.54%).

#Bank of India (1.47%).

#Canara Bank (4.16).

#Bank of Maharashtra (1.27%).

#Insurance Companies (0.49%).

Moreover, in Q4FY21, Patel Engineering  allotted 3,54,36,562 shares  (face value Re.1) at a price of Rs.14.78 per share (i.e. price for conversion of debt into equity) to PTC India Ltd & IDBI Bank Ltd against OTS Framework/Debt Settlement Agreement executed respectively with these Lenders. This means Rs.14.78, remains the lower end of the share price. Photo: NiceLocal

The order book position of Patel Engineering Ltd is huge ~Rs.14000 crore. 

Also, if you look at the March, 2021 quarter result then you would see the turnover of the company has increased sequentially, which means there is a gradual change in Fundamentals after the OTS plan has been implemented.

Bottomline: This is a very good price to average the shares of Bombay based Patel Engineering Ltd (Rs.16.25).