Engineers India Ltd.

•

engineersindia.comBSE: 532178NSE: ENGINERSIN

Market Cap₹ 15,130 Cr.

Current Price

High / Low₹ 290 / 164

Stock P/E19.3

Book Value₹ 58

Price to Book3.26

Dividend Yield1.86 %

ROCE30.9 %

ROE23.8 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Lumpsum Turnkey Projects: 52.6% • Consultancy & Engineering Projects: 47.4%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company has delivered good profit growth of 21.5% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 28.0%
Company has a good return on equity (ROE) track record: 3 Years ROE 21.5%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 141.5% YoY, showing strong momentum

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.40x)
Company has delivered a poor sales growth of 4.6% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY TOTAL MKT NIFTY SML250 Q50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	LT	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	NCC	141.00	12.65	8852.64	1.56	228.90	11.85	5811.83	12.22	16.77	9.43

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	818	790	868	805	624	689	765	1,010	870	921	1,210	926	820
	747	691	818	728	573	627	667	709	798	802	858	774	704
Operating Profit	71	99	50	77	51	62	98	301	72	120	352	152	116
OPM %	8.68%	12.47%	5.77%	9.62%	8.18%	9.05%	12.80%	29.79%	8.28%	13.00%	29.10%	16.39%	14.17%
	94	44	30	51	39	47	38	36	36	37	59	63	38
Interest	1	0	1	1	1	1	1	0	1	1	1	0	1
Depreciation	8	8	8	11	10	10	10	11	11	10	10	11	10
Profit before Tax	156	134	71	117	79	99	126	326	97	146	401	203	197
Tax %	25.42%	24.10%	26.18%	23.46%	25.64%	22.39%	25.49%	25.70%	25.20%	25.27%	23.73%	22.86%	19.76%
Net Profit	0	0	0	0	916	100	109	280	65	83	347	196	158
	2.47	2.27	1.13	2.05	1.63	1.77	1.94	4.98	1.16	1.49	6.18	3.47	2.81

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,473	1,830	2,477	3,237	3,144	2,912	3,328	3,282	3,088	3,928	3,878
	1,183	1,405	2,103	2,790	2,793	2,588	3,058	3,006	2,624	3,229	3,138
Operating Profit	291	425	374	447	352	324	271	276	464	699	740
OPM %	19.72%	23.25%	15.09%	13.82%	11.19%	11.13%	8.13%	8.42%	15.03%	17.79%	19.08%
	248	180	226	263	34	152	204	242	211	195	197
Interest	5	2	3	4	6	3	3	5	5	5	2
Depreciation	23	24	22	24	24	24	26	35	40	42	41
Profit before Tax	511	579	574	683	356	449	446	478	738	894	947
Tax %	35.36%	33.80%	35.05%	36.48%	26.62%	23.71%	22.73%	24.68%	21.46%	22.68%	22.95%
Net Profit	330	383	373	434	261	343	344	360	580	692	729
EPS	4.90	5.92	5.83	6.71	3.99	2.48	6.16	7.92	10.32	12.30	—
Dividend Payout %	61.26%	65.94%	68.60%	76.79%	45.16%	120.85%	48.69%	37.87%	38.78%	40.63%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 5%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 23%
3 Years:: 26%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 30%
3 Years:: 22%
1 Year:: 29%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 20%
3 Years:: 21%
Last Year:: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	337	316	316	316	281	281	281	281	281	281
	2,508	2,025	2,029	2,090	1,470	1,489	1,680	1,965	2,388	2,865
	14	15	5	11	6	3	17	33	15	32
Trade Payables	223	217	245	275	412	320	347	444	476	587
	1,507	2,215	2,523	2,774	2,727	2,256	1,967	1,915	2,054	2,129
Total Liabilities	4,589	4,788	5,117	5,466	4,896	4,350	4,292	4,638	5,215	5,893
	235	228	220	235	231	231	248	267	264	307
Capital Work in Progress	18	23	34	2	1	6	26	36	46	31
	533	242	315	461	1,324	1,088	1,179	1,380	1,395	1,606
	11	5	10	9	4	5	6	4	4	4
	0	0	0	0	0	0	0	336	444	479
Cash & Bank	2,358	2,537	2,716	2,777	1,322	1,383	1,096	1,219	1,327	1,364
	1,434	1,752	1,823	1,982	2,014	1,637	1,737	1,397	1,735	2,102
Total Assets	4,589	4,788	5,117	5,466	4,896	4,350	4,292	4,638	5,215	5,893

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	403	879	771	601	335	187	22	222	117	319
Cash from Investing	197	165	-4	-229	776	61	322	145	-44	-101
Cash from Financing	-284	-892	-362	-334	-904	-149	-176	-180	-185	-269
	150	-129	183	-188	43	-39	34	187	-112	-51

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32
7.26	7.31	6.89	6.75	7.13	7.00	7.74	9.66	9.17
13.89	11.00	10.58	10.76	14.30	13.74	13.38	12.19	14.22
0.01	0.01	0.01	0.01	0.04	0.04	0.04	0.04	0.04
27.51	30.35	31.19	31.14	27.21	27.89	27.51	26.79	25.25

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Change in Auditors

2026-09-09 - Engineers India Limited has informed the Exchange regarding Change in Auditors of the company.

2026-09-08

Updates

2026-09-08 - Engineers India Limited has informed the Exchange regarding ''.

2026-09-03

Change in Director(s)

2026-09-03 - Engineers India Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-31

Updates

2026-08-31 - Engineers India Limited has informed the Exchange regarding 'Updates: Letter to shareholders Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Engineers India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-26

Shareholders meeting

2026-08-26 - Engineers India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2026

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Engineers India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-19

Record Date

2026-08-19 - Engineers India Limited has informed the Exchange that Record date for the purpose of Dividend is 24-Sep-2026.

2026-08-19

Updates

2026-08-19 - Engineers India Limited has informed the Exchange regarding '(i) Intimation of date of 61st Annual General Meeting for FY 2025-26(ii) Intimation of record date for Final Dividend for FY 2025-26'.

News

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