Mcnally Bharat Engineering Company Ltd.

•

mcnallybharat.comBSE: 532629NSE: MBECL

Market Cap₹ 1,101 Cr.

Current Price

High / Low₹ 330 / 213

Stock P/E0.3

Book Value₹ 164

Price to Book2.02

Dividend Yield0.00 %

ROCE0.0 %

ROE0.0 %

Face Value₹ 10

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ABOUT

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 is almost debt free
Promoters have been increasing their shareholding - up 57.2pp over 2 years

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Interest coverage is weak at -1.0x - earnings barely cover interest
Effective tax rate is unusually low at 0.0% - earnings may be flattered

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

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

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.	MBECL	330.31	0.30	1101.03	0.00	-252.73	89.02	150.52	0.86	0.00	-43.93

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26	27	22	304	149	184	249	152	151
	296	255	305	9,631	2,452	1,275	861	599	253
Operating Profit	-270	-228	-284	-9,328	-2,303	-1,091	-612	-447	-102
OPM %	-1031.40%	-847.89%	-1316.70%	-3070.71%	-1543.28%	-591.20%	-245.65%	-293.54%	-68.08%
	50	8	7	-615	0	-39,170	-0	267	153
Interest	264	221	230	1,335	2,129	-27	5	118	32
Depreciation	1	1	1	7	7	6	6	6	4
Profit before Tax	-220	-220	-277	-9,990	-2,303	38,102	-612	-713	-253
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	-0.00%	3.11%	-0.00%
Net Profit	-220	-220	-277	-9,990	-2,303	38,102	-612	-691	-253
	-10.41	-10.39	-13.06	-51.63	-69.08	1143.05	-18.37	-20.74	-7.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	168	105	736
	255	1,074	2,988
Operating Profit	-87	-969	-2,252
OPM %	-51.88%	-922.62%	-305.81%
	48	109	-38,750
Interest	841	854	128
Depreciation	3	3	22
Profit before Tax	-883	-1,716	36,523
Tax %	-0.00%	-0.00%	-0.06%
Net Profit	-883	-1,716	36,545
EPS	-41.74	-514.83	—
Dividend Payout %	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 17%
5 Years:: 123%
3 Years:: 347%
1 Year:: 6064%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
Equity Capital	212	33
	-4,419	-5,925
	3,101	3,089
Trade Payables	226	238
	2,366	3,222
Total Liabilities	1,486	657
	15	15
Capital Work in Progress	5	0
	1	1
	742	339
Cash & Bank	21	21
	702	280
Total Assets	1,486	657

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	-13	-17
Cash from Investing	-1	-15
Cash from Financing	1	16
	-13	-15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.79	32.79	32.79	90.00	90.00	90.00	90.00	90.00	90.00
	0.00	0.00	0.00	0.18	0.18	0.18	0.18	0.18	0.18
	1.14	1.14	1.14	4.55	4.55	4.55	4.55	4.55	4.55
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	66.06	66.06	66.06	5.26	5.26	5.26	5.26	5.26	5.26

Documents

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

2026-09-08

Clarification - Financial Results

2026-09-08 - The Exchange has sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Mcnally Bharat Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Shareholders meeting

2026-09-03 - Mcnally Bharat Engineering Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Mcnally Bharat Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-28

General Updates

2026-08-28 - Mcnally Bharat Engineering Company Limited has informed the Exchange about General Updates - Intimation regarding Trading Approval received for 3,33,33,334 equity shares issued on preferential basis pursuant to Resolution Plan

2026-08-24

Change in Management

2026-08-24 - Mcnally Bharat Engineering Company Limited has informed the Exchange about change in Management - Change in Designation of Director (Appointment as Non-executive Chairman of the Company)

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Mcnally Bharat Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication - Financial Results for the quarter ended 30th June 2026

2026-08-13

Change in Management

2026-08-13 - Mcnally Bharat Engineering Company Limited has informed the Exchange about change in Management - Resignation of the Chairman and Independent Director of the Company

2026-08-12

General Updates

2026-08-12 - Mcnally Bharat Engineering Company Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for MBECL

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Mcnally Bharat Engineering Company Ltd.

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Free 5nance Account

Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

30.30

-77.95

2671.00

-20.75

12.88

9.42

MBECL

330.31

0.30

1101.03

0.00

-252.73

89.02

150.52

0.86

0.00

-43.93

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

304

149

184

249

152

151

296

255

305

9,631

2,452

1,275

861

599

253

Operating Profit

-270

-228

-284

-9,328

-2,303

-1,091

-612

-447

-102

OPM %

-1031.40%

-847.89%

-1316.70%

-3070.71%

-1543.28%

-591.20%

-245.65%

-293.54%

-68.08%

-615

-39,170

-0

267

153

Interest

264

221

230

1,335

2,129

-27

118

Depreciation

Profit before Tax

-220

-277

-9,990

-2,303

38,102

-612

-713

-253

Tax %

-0.00%

0.00%

-0.00%

3.11%

-0.00%

Net Profit

-220

-277

-9,990

-2,303

38,102

-612

-691

-253

-10.41

-10.39

-13.06

-51.63

-69.08

1143.05

-18.37

-20.74

-7.58

Mar 2024

Mar 2025

TTM

168

105

736

255

1,074

2,988

Operating Profit

-87

-969

-2,252

OPM %

-51.88%

-922.62%

-305.81%

109

-38,750

Interest

841

854

128

Depreciation

Profit before Tax

-883

-1,716

36,523

Tax %

-0.00%

-0.06%

Net Profit

-883

-1,716

36,545

EPS

-41.74

-514.83

—

Dividend Payout %

0.00%

—

Mar 2024

Mar 2025

Equity Capital

212

-4,419

-5,925

3,101

3,089

Trade Payables

226

238

2,366

3,222

Total Liabilities

1,486

657

Capital Work in Progress

742

339

Cash & Bank

702

280

Total Assets

1,486

657

Mar 2024

Mar 2025

-13

-17

Cash from Investing

-1

-15

Cash from Financing

-13

-15

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

32.79

90.00

0.00

0.18

1.14

4.55

Government

0.00

66.06

5.26

Mcnally Bharat Engineering Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Mcnally Bharat Engineering Company Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI