M&B Engineering Ltd.

273.75-1.56%

2026-08-21

mbel.inBSE: 544470NSE: MBEL
Market Cap₹ 1,593 Cr.
Current Price₹ 278
High / Low₹ 536 / 223
Stock P/E16.5
Book Value₹ 119
Price to Book2.34
Dividend Yield0.36 %
ROCE26.3 %
ROE28.6 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

PROS

  • Company has delivered good profit growth of 48.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.6%
  • Company has a healthy return on capital (ROCE) of 23.6%
  • Company has consistently been profitable over the last 5 years
  • Operating margins have improved to 12.8% from 7.6%

CONS

  • Promoter holding has decreased over last 2 years: -29.4pp
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.45x)
  • Equity base is being diluted - shares outstanding up 150.0%
  • Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BHEL418.5059.91145724.350.33376.71182.707697.7240.299.246.69
2.THERMAX4024.5580.8247955.050.5021.79-85.612302.737.0915.852.98
3.INDOMIM966.6089.5847796.520.612401.2212187.4224.4833.36
4.KIRLOSENG2081.9555.4730296.510.34111.06-20.051999.5313.3614.4615.02
5.JYOTICNC951.9067.2921648.400.0057.14-19.99508.4723.9723.8821.40
6.AZAD2827.20131.3818258.550.0035.1619.46172.6025.9012.2837.29
7.TRITURBINE569.9553.8818118.620.7551.10-20.65442.7019.2335.9511.59
8.INOXINDIA1932.5568.8317540.500.1058.07-4.98370.799.1833.5420.46
9.LLOYDSENGG92.9964.4814423.110.27682.302172.065271.502329.1517.9915.04
10.TEGA1724.35613.1212954.640.12-108.25-406.361723.44383.9918.563.27
11.KRN1502.65101.469836.120.0032.90164.84252.32118.8721.2119.44
12.MBEL278.7016.491593.070.3621.9022.03291.1022.4926.2610.54
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024
140
127
Operating Profit
OPM %
Other Income
3
Interest
5
Depreciation
2
9
Tax %
24.97%
Net Profit
0
1
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
207
168
Operating Profit
OPM %
Other Income
2
Interest
5
Depreciation
3
32
Tax %
26.13%
Net Profit
0
5
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
328
296
Operating Profit
OPM %
Other Income
1
Interest
4
Depreciation
3
26
Tax %
31.31%
Net Profit
0
4
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
314
272
Operating Profit
OPM %
Other Income
2
Interest
5
Depreciation
4
35
Tax %
18.24%
Net Profit
0
6
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
238
208
Operating Profit
OPM %
Other Income
4
Interest
6
Depreciation
4
24
Tax %
26.52%
Net Profit
18
4
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
50
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
307
272
Operating Profit
OPM %
Other Income
2
Interest
4
Depreciation
4
29
Tax %
22.84%
Net Profit
22
4
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
352
312
Operating Profit
OPM %
Other Income
4
Interest
4
Depreciation
4
35
Tax %
26.36%
Net Profit
25
4
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
364
326
Operating Profit
OPM %
Other Income
5
Interest
3
Depreciation
4
36
Tax %
24.50%
Net Profit
27
5
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
291
267
Operating Profit
OPM %
Other Income
5
Interest
3
Depreciation
4
29
Tax %
25.16%
Net Profit
22
0
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
57
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
520
483
Operating Profit
42
OPM %
8
Other Income
5
Interest
17
Depreciation
9
17
Tax %
36
Net Profit
11
EPS
5
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2021
415
388
Operating Profit
34
OPM %
8
Other Income
8
Interest
16
Depreciation
9
10
Tax %
42
Net Profit
6
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2022
688
646
Operating Profit
53
OPM %
8
Other Income
11
Interest
19
Depreciation
11
23
Tax %
29
Net Profit
16
EPS
4
Dividend Payout %
0
Minority Interest
4
Share of Associates
0
Adjusted EPS
4
Minority Interest
4
Share of Associates
0
Adjusted EPS
4
Mar 2023
880
814
Operating Profit
75
OPM %
9
Other Income
9
Interest
19
Depreciation
10
45
Tax %
28
Net Profit
33
EPS
7
Dividend Payout %
0
Minority Interest
1
Share of Associates
0
Adjusted EPS
7
Minority Interest
1
Share of Associates
0
Adjusted EPS
7
Mar 2024
795
715
Operating Profit
93
OPM %
12
Other Income
13
Interest
23
Depreciation
9
61
Tax %
25
Net Profit
46
EPS
9
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Mar 2025
989
862
Operating Profit
135
OPM %
14
Other Income
8
Interest
20
Depreciation
13
102
Tax %
25
Net Profit
77
EPS
15
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
TTM
1,313
1,177
Operating Profit
OPM %
Other Income
17
Interest
15
Depreciation
15
128
Tax %
25
Net Profit
97
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
14%
3 Years:
13%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
48%
3 Years:
57%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
-40%

RETURN ON EQUITY

10 Years:
5 Years:
18%
3 Years:
24%
Last Year:
29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Sep 10

₹ 0.10

Rs.1.0000 per share(10%)Final Dividend

2026

Aug 11

₹ 0.10

Rs.1.0000 per share(10%)Final Dividend

Mar 2020
Equity Capital
20
100
52
Trade Payables
139
115
Total Liabilities
426
68
Capital Work in Progress
0
3
128
0
Cash & Bank
91
137
Total Assets
426
Total Debt
114
Net Working Capital
111
Contingent Liabilities
52
Book Value per Share
59.78
Face Value
10.00
Total Debt
114
Net Working Capital
111
Contingent Liabilities
52
Book Value per Share
59.78
Face Value
10.00
Mar 2021
Equity Capital
20
105
40
Trade Payables
111
146
Total Liabilities
423
70
Capital Work in Progress
0
2
128
0
Cash & Bank
85
139
Total Assets
423
Total Debt
114
Net Working Capital
125
Contingent Liabilities
52
Book Value per Share
62.73
Face Value
10.00
Total Debt
114
Net Working Capital
125
Contingent Liabilities
52
Book Value per Share
62.73
Face Value
10.00
Mar 2022
Equity Capital
20
125
33
Trade Payables
202
167
Total Liabilities
547
71
Capital Work in Progress
2
6
204
0
Cash & Bank
92
173
Total Assets
547
Total Debt
100
Net Working Capital
133
Contingent Liabilities
45
Book Value per Share
72.55
Face Value
10.00
Total Debt
100
Net Working Capital
133
Contingent Liabilities
45
Book Value per Share
72.55
Face Value
10.00
Mar 2023
Equity Capital
20
161
59
Trade Payables
134
185
Total Liabilities
559
79
Capital Work in Progress
2
5
175
0
Cash & Bank
126
173
Total Assets
559
Total Debt
149
Net Working Capital
184
Contingent Liabilities
82
Book Value per Share
90.26
Face Value
10.00
Total Debt
149
Net Working Capital
184
Contingent Liabilities
82
Book Value per Share
90.26
Face Value
10.00
Mar 2024
Equity Capital
50
183
159
Trade Payables
93
147
Total Liabilities
633
77
Capital Work in Progress
66
7
196
139
Cash & Bank
99
49
Total Assets
633
Total Debt
205
Net Working Capital
127
Contingent Liabilities
112
Book Value per Share
46.61
Face Value
10.00
Total Debt
205
Net Working Capital
127
Contingent Liabilities
112
Book Value per Share
46.61
Face Value
10.00
Mar 2025
Equity Capital
50
257
123
Trade Payables
227
193
Total Liabilities
849
176
Capital Work in Progress
2
5
322
192
Cash & Bank
85
67
Total Assets
849
Total Debt
186
Net Working Capital
183
Contingent Liabilities
103
Book Value per Share
61.31
Face Value
10.00
Total Debt
186
Net Working Capital
183
Contingent Liabilities
103
Book Value per Share
61.31
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
48
Cash from Investing
-4
Cash from Financing
9
53
Free Cash Flow
48
OCF / Net Profit
4.44
Cumulative 5-Year FCF
0
OCF / Net Profit
4.44
Cumulative 5-Year FCF
0
Mar 2021
8
Cash from Investing
-9
Cash from Financing
-13
-15
Free Cash Flow
-7
OCF / Net Profit
1.32
Cumulative 5-Year FCF
0
OCF / Net Profit
1.32
Cumulative 5-Year FCF
0
Mar 2022
37
Cash from Investing
-2
Cash from Financing
-33
1
Free Cash Flow
24
OCF / Net Profit
2.25
Cumulative 5-Year FCF
0
OCF / Net Profit
2.25
Cumulative 5-Year FCF
0
Mar 2023
29
Cash from Investing
-12
Cash from Financing
30
47
Free Cash Flow
11
OCF / Net Profit
0.88
Cumulative 5-Year FCF
0
OCF / Net Profit
0.88
Cumulative 5-Year FCF
0
Mar 2024
6
Cash from Investing
-62
Cash from Financing
32
-25
Free Cash Flow
-57
OCF / Net Profit
0.12
Cumulative 5-Year FCF
0
OCF / Net Profit
0.12
Cumulative 5-Year FCF
0
Mar 2025
36
Cash from Investing
-34
Cash from Financing
-45
-44
Free Cash Flow
-10
OCF / Net Profit
0.46
Cumulative 5-Year FCF
-40
OCF / Net Profit
0.46
Cumulative 5-Year FCF
-40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
EPS (₹)
5.37
Book Value (₹)
59.78
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.87
Operating Margin %
8.10%
Net Margin %
2.06%
ROE %
8.98%
ROCE %
14.30%
2.52%
Debtor Days
66
Inventory Days
90
Payable Days
157
0
Debt to Equity (x)
0.96x
Interest Coverage (x)
2.00x
1.47x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
2.95
Book Value (₹)
62.73
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.92
Operating Margin %
8.29%
Net Margin %
1.42%
ROE %
4.79%
ROCE %
10.84%
1.38%
Debtor Days
82
Inventory Days
113
Payable Days
181
14
Debt to Equity (x)
0.90x
Interest Coverage (x)
1.65x
1.58x
Revenue Growth %
-20.29%
Operating Profit Growth %
-18.37%
Net Profit Growth %
-45.32%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
10.03
Book Value (₹)
72.55
Dividend per Share (₹)
0.00
Cash EPS (₹)
5.38
Operating Margin %
7.63%
Net Margin %
2.37%
ROE %
12.06%
ROCE %
17.35%
3.36%
Debtor Days
56
Inventory Days
88
Payable Days
128
16
Debt to Equity (x)
0.69x
Interest Coverage (x)
2.21x
1.40x
Revenue Growth %
66.03%
Operating Profit Growth %
52.85%
Net Profit Growth %
177.98%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
17.05
Book Value (₹)
90.26
Dividend per Share (₹)
0.00
Cash EPS (₹)
8.64
Operating Margin %
8.51%
Net Margin %
3.74%
ROE %
20.20%
ROCE %
22.53%
5.95%
Debtor Days
50
Inventory Days
78
Payable Days
101
27
Debt to Equity (x)
0.82x
Interest Coverage (x)
3.37x
1.65x
Revenue Growth %
27.93%
Operating Profit Growth %
42.70%
Net Profit Growth %
101.63%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
9.17
Book Value (₹)
46.61
Dividend per Share (₹)
0.00
Cash EPS (₹)
10.90
Operating Margin %
10.01%
Net Margin %
5.74%
ROE %
22.07%
ROCE %
21.88%
7.66%
Debtor Days
59
Inventory Days
85
Payable Days
81
63
Debt to Equity (x)
0.88x
Interest Coverage (x)
3.64x
1.36x
Revenue Growth %
-9.70%
Operating Profit Growth %
23.82%
Net Profit Growth %
38.74%
-46.19%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
1.68x
Mar 2025
EPS (₹)
15.41
Book Value (₹)
61.31
Dividend per Share (₹)
0.00
Cash EPS (₹)
17.91
Operating Margin %
12.78%
Net Margin %
7.79%
ROE %
28.56%
ROCE %
26.26%
10.40%
Debtor Days
61
Inventory Days
96
Payable Days
98
59
Debt to Equity (x)
0.61x
Interest Coverage (x)
6.12x
1.38x
Revenue Growth %
24.34%
Operating Profit Growth %
45.13%
Net Profit Growth %
68.84%
68.01%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
1.12x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2020
100.00
0.00
0.00
Government
0.00
0.00
Mar 2021
100.00
0.00
0.00
Government
0.00
0.00
Mar 2022
100.00
0.00
0.00
Government
0.00
0.00
Mar 2023
100.00
0.00
0.00
Government
0.00
0.00
Aug 2025
70.45
6.16
15.03
Government
0.00
8.36
Sep 2025
70.45
4.75
13.46
Government
0.00
11.35
Dec 2025
70.45
4.25
10.24
Government
0.00
15.06
Mar 2026
70.54
2.86
9.72
Government
0.00
16.88
Jun 2026
70.61
0.84
9.58
Government
0.00
18.96

Documents

Announcements

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Credit Ratings

Nothing filed yet.

Concalls