Mcnally Bharat Engineering Company Ltd.
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ABOUT
AI Sector View
AI GENERATEDConstruction
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.
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
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3965.00 | 32.88 | 545530.90 | 0.96 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 209.50 | 48.56 | 43681.17 | 0.34 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| KPIL | 1417.50 | 21.30 | 24207.01 | 0.78 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.67 | 24.90 | 23757.43 | 1.32 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1296.30 | 37.02 | 22268.82 | 0.23 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 281.90 | 20.21 | 15843.97 | 1.77 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 975.45 | 26.32 | 11344.44 | 0.72 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| IRCON | 118.65 | 21.31 | 11159.22 | 1.60 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| AFCONS | 295.00 | 74.98 | 10849.65 | 0.68 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| KEC | 406.15 | 19.53 | 10811.71 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| WELENT | 765.35 | 34.66 | 10593.50 | 0.39 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| MBECL | 246.51 | 0.22 | 821.70 | 0.00 | -252.73 | 89.02 | 150.52 | 0.86 | 0.00 | -43.93 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 168 | 105 | 736 | |
| 255 | 1,074 | 2,988 | |
| Operating Profit | -87 | -969 | -2,252 |
| OPM % | -52.08% | -923.42% | -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 | -41.75 | -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:
- 14%
- 5 Years:
- 112%
- 3 Years:
- 305%
- 1 Year:
- 4730%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 212 | 33 |
| -4,420 | -5,926 | |
| 3,102 | 3,090 | |
| Trade Payables | 223 | 235 |
| 2,366 | 3,222 | |
| Total Liabilities | 1,484 | 655 |
| 15 | 15 | |
| Capital Work in Progress | 5 | 0 |
| 1 | 1 | |
| 742 | 339 | |
| Cash & Bank | 20 | 21 |
| 700 | 279 | |
| Total Assets | 1,484 | 655 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -13 | -17 | |
| Cash from Investing | -1 | -15 |
| Cash from Financing | 1 | 17 |
| -12 | -15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | |
|---|---|---|
| PER SHARE | ||
| EPS (₹) | -41.75 | -514.83 |
| Book Value (₹) | -198.90 | -1767.68 |
| Dividend per Share (₹) | 0.00 | 0.00 |
| Cash EPS (₹) | -41.60 | -513.94 |
| PROFITABILITY | ||
| Operating Margin % | -52.08% | -923.42% |
| Net Margin % | -526.97% | -1635.56% |
| ROE % | 0.00% | 0.00% |
| ROCE % | 0.00% | 0.00% |
| -57.62% | -160.44% | |
| EFFICIENCY | ||
| Debtor Days | 1627 | 1880 |
| Inventory Days | 1 | 1 |
| Payable Days | 1092 | 5885 |
| 537 | -4004 | |
| FINANCIAL HEALTH | ||
| Debt to Equity (x) | -0.74x | -0.53x |
| Interest Coverage (x) | -0.05x | -1.01x |
| 0.24x | 0.09x | |
| GROWTH | ||
| Revenue Growth % | -26.57% | -37.40% |
| Operating Profit Growth % | 85.26% | -2106.30% |
| Net Profit Growth % | 64.26% | -94.29% |
| 64.26% | -1133.18% | |
| VALUATION | ||
| P/E (x) | 0.00x | 0.00x |
| P/B (x) | -0.02x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% |
| -82.06x | -3.63x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - Mcnally Bharat Engineering Company Limited has informed the Exchange about Copy of Newspaper Publication
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 - 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 - 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 - 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 - Mcnally Bharat Engineering Company Limited has informed the Exchange about General Updates
2026-08-12 - Mcnally Bharat Engineering Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11 - Mcnally Bharat Engineering Company Limited has informed regarding Disclosure of material issue
News
Recent coverage and analyst commentary for MBECL
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