Oval Projects Engineering Ltd

Oval Projects Engineering Ltd (OVAL) is a micro-cap Commercial Services company valued at ₹89 crore operating in Diversified Services on the NSE and BSE.

Recent price move

Oval Projects Engineering Ltd last traded at ₹43, sharply down 5.24% on the day.

Financial performance

The company's business is improving, with annual revenue rising 47.0% and net profit growing 52.4% year-over-year. The latest quarter saw revenue of ₹91 crore and net profit of ₹8 crore, both up significantly from the prior year's quarter of ₹59 crore and ₹6 crore respectively. The net profit margin increased by 0.3 percentage points to 9.2%, while return on capital employed remained at 15.9%.

Valuation multiples

The stock trades at 6.5 times earnings, 0.92 times book value. It yields 2.1%.

Things to watch

The company's return on equity is 0.0%, indicating no return to shareholders. The stock is 37.4% below its 52-week high, and the market cap is ₹94 crore, classifying it as a micro-cap. The promoter holding is 53.14%, which is a significant stake but does not indicate any recent changes.

Where it stands

The company has shown strong growth in both revenue and net profit over the past year and three years, with profit growing at a faster rate than revenue. The most significant figure is the 52.4% annual increase in net profit, which highlights the company's improving profitability. The stock remains 37.4% below its 52-week high.

Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.