Patel Engg's order book is ₹17260 Cr implying 3.8x book to bill. TP ₹70 (24%)

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Dec 11, 2024.

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  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Patel Engg's order book is ₹17260 Cr implying 3.8x book to bill. It has bid for projects worth ~₹10000 Cr. Inflows of ₹10,000-12,000 Cr expected or FY25 with topline growth of 10- 15% in FY25 & 15-20%, in FY26. Balance sheet is stable. TP ₹70 (24%)

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    Vidhi Khanna, Dec 11, 2024
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