Engineers India Ltd
ENGINERSIN NSE
Engineers India Ltd
ConstructionNSE: ENGINERSIN BSE: 532178 Civil Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹13,654 Cr
Volatility
Moderate
P/E Ratio
19.54
EBITDA
₹696 Cr
Return on Equity
17.68%
Debt to Equity
0.01
Book Value
₹55.97
EPS
₹7.08
52W High
₹267
52W Low
₹163.55
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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36 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 39.1%
Weaknesses
2- The company has delivered a poor sales growth of 4.55% over past five years.
- Earnings include an other income of Rs.242 Cr.
Growth Rate
Revenue Growth
20.95% ↗
Net Income Growth
44.78% ↗
Cash Flow Change
-50.79% ↘
ROE
10.71% ↗
ROCE
12.05% ↗
EBITDA Margin (Avg.)
-19.41% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
Engineers India Ltd is a near debt-free PSU consultancy and engineering company with a market cap of Rs.13,520 Cr, trading at a PE of 19.7x. The company has delivered strong TTM sales growth of 27% and profit growth of 21%, though its 5-year sales CAGR of just 5% reflects historically inconsistent top-line momentum.
Bull Case 8
- Company is virtually debt-free, providing financial flexibility and resilience during cyclical downturns
- ROE of 24% in the last year and 23% 3-year average indicate efficient capital deployment well above cost of equity
- TTM revenue growth of 27% signals a sharp acceleration in order execution after years of tepid 5-year sales CAGR of 5%
- Compounded profit growth of 26% over 3 years outpaces sales growth, reflecting improving margins or operating leverage
- Healthy dividend payout of 39.1% offers income visibility, with current dividend yield at 1.03%
- Stock CAGR of 27% over 5 years reflects sustained re-rating as capex cycle picks up in India's energy and infrastructure sectors
- 10-year ROE trend improving from 17% to 24% suggests structural improvement in business quality over time
- PE of 19.7x is reasonable for a debt-free PSU with 24% ROE relative to broader construction sector multiples
Bear Case 7
- 5-year compounded sales growth of only 4.55% highlights the company's historical inability to scale revenue consistently
- Other income of Rs.242 Cr forms a material portion of earnings, meaning core operating profit may be overstated
- Price-to-book of 4.33x is elevated for an asset-light consultancy PSU, leaving limited margin of safety
- 10-year stock CAGR of only 8% shows prolonged periods of underperformance and dead money for long-term holders
- 10-year compounded sales growth of 10% lags the 10-year profit growth of 10%, suggesting limited organic scaling ability
- As a PSU, the company faces risks of government-directed capital allocation, dividend extraction, and policy shifts impacting order flow
- Dividend yield of 1.03% is modest given PSU status, and may not compensate investors adequately during periods of stock stagnation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 4h ago Neutral 2
- New independent directors appointed Aug 13
Ministry of Petroleum & Natural Gas approved appointment of Kahuli Sema and Ashish Kumar Gupta as Non-official Independent Directors for a three-year term beginning August 12, 2026.
- Q1FY27 earnings call scheduled Aug 7
Engineers India will host its Q1FY27 earnings call on August 14, 2026 at 12:00 IST to discuss results for the quarter ended June 30, 2026.
TL;DR: A quiet news cycle for Engineers India with only routine corporate governance updates. No material positive catalysts or negative risks emerged in this period. The board refresh with two new independent directors is standard housekeeping. Investors should watch the upcoming Q1FY27 earnings call on August 14 for operational and financial signals.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 880 | 818 | 790 | 868 | 805 | 624 | 689 | 765 | 1,010 | 870 | 921 | 1,210 | 926 |
| Expenses | 713 | 747 | 691 | 818 | 728 | 573 | 627 | 667 | 709 | 798 | 802 | 858 | 774 |
| Operating Profit | 167 | 71 | 99 | 50 | 77 | 51 | 62 | 98 | 301 | 72 | 120 | 352 | 152 |
| OPM % | 19% | 9% | 12% | 6% | 10% | 8% | 9% | 13% | 30% | 8% | 13% | 29% | 16% |
| Other Income | 45 | 94 | 44 | 30 | 51 | 39 | 47 | 38 | 74 | 36 | 37 | 101 | 101 |
| Interest | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 7 | 8 | 8 | 8 | 11 | 10 | 10 | 10 | 11 | 11 | 10 | 10 | 11 |
| PBT | 204 | 156 | 134 | 71 | 117 | 79 | 99 | 126 | 364 | 97 | 146 | 442 | 242 |
| Tax % | 23% | 25% | 24% | 26% | 23% | 26% | 22% | 25% | 23% | 25% | 25% | 21% | 19% |
| Net Profit | 190 | 139 | 127 | 63 | 116 | 92 | 100 | 109 | 280 | 65 | 83 | 347 | 196 |
| EPS in Rs | 3.38 | 2.47 | 2.27 | 1.13 | 2.06 | 1.63 | 1.77 | 1.93 | 4.98 | 1.16 | 1.49 | 6.18 | 3.48 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,741 | 1,541 | 1,480 | 1,824 | 2,476 | 3,237 | 3,144 | 2,913 | 3,330 | 3,281 | 3,088 | 3,928 |
| Expenses | 1,507 | 1,331 | 1,163 | 1,395 | 2,099 | 2,781 | 2,792 | 2,567 | 3,020 | 2,982 | 2,573 | 3,232 |
| Operating Profit | 234 | 210 | 316 | 429 | 377 | 455 | 352 | 346 | 310 | 299 | 514 | 696 |
| OPM % | 13% | 14% | 21% | 24% | 15% | 14% | 11% | 12% | 9% | 9% | 17% | 18% |
| Other Income | 265 | 247 | 222 | 176 | 222 | 255 | 34 | 130 | 164 | 219 | 160 | 242 |
| Interest | 2 | 2 | 5 | 2 | 3 | 4 | 6 | 3 | 3 | 5 | 5 | 2 |
| Depreciation | 20 | 25 | 23 | 24 | 22 | 24 | 24 | 24 | 26 | 35 | 40 | 42 |
| PBT | 477 | 430 | 511 | 579 | 574 | 683 | 356 | 449 | 446 | 478 | 630 | 894 |
| Tax % | 34% | 35% | 35% | 34% | 35% | 36% | 27% | 24% | 23% | 25% | 25% | 23% |
| Net Profit | 313 | 278 | 330 | 383 | 368 | 424 | 249 | 140 | 346 | 445 | 580 | 692 |
| EPS in Rs | 4.64 | 4.13 | 4.9 | 6.07 | 5.83 | 6.71 | 4.43 | 2.48 | 6.16 | 7.92 | 10.32 | 12.3 |
| Div. Payout % | 54% | 48% | 61% | 66% | 69% | 77% | 45% | 121% | 49% | 38% | 39% | 41% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 168 | 168 | 337 | 316 | 316 | 316 | 281 | 281 | 281 | 281 | 281 | 281 |
| Reserves | 2,463 | 2,653 | 2,508 | 2,025 | 2,029 | 2,090 | 1,470 | 1,489 | 1,680 | 1,965 | 2,388 | 2,865 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 5 | 4 | 4 | 19 | 33 | 22 | 17 |
| Other Liabilities | 1,356 | 1,342 | 1,551 | 2,173 | 2,416 | 2,685 | 2,687 | 2,404 | 2,408 | 2,454 | 2,574 | 2,707 |
| Total Liabilities | 3,988 | 4,164 | 4,396 | 4,514 | 4,761 | 5,096 | 4,441 | 4,177 | 4,388 | 4,733 | 5,265 | 5,869 |
| Fixed Assets | 272 | 242 | 272 | 257 | 248 | 274 | 263 | 263 | 279 | 298 | 295 | 338 |
| CWIP | 19 | 24 | 56 | 52 | 52 | 3 | 1 | 7 | 26 | 36 | 46 | 31 |
| Investments | 138 | 75 | 533 | 242 | 315 | 461 | 1,324 | 1,088 | 1,179 | 1,380 | 1,395 | 1,606 |
| Other Assets | 3,559 | 3,822 | 3,535 | 3,963 | 4,146 | 4,359 | 2,853 | 2,821 | 2,905 | 3,020 | 3,530 | 3,895 |
| Total Assets | 3,988 | 4,164 | 4,396 | 4,514 | 4,761 | 5,096 | 4,441 | 4,177 | 4,388 | 4,733 | 5,265 | 5,869 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 65 | 88 | 236 | 599 | 549 | 376 | 171 | 48 | -113 | 222 | 109 | 319 |
| Investing | 174 | 70 | 197 | 165 | -4 | -229 | 776 | 61 | 322 | 145 | -36 | -101 |
| Financing | -240 | -162 | -284 | -892 | -362 | -334 | -904 | -149 | -176 | -180 | -185 | -269 |
| Net Cash Flow | -1 | -4 | 150 | -129 | 183 | -188 | 43 | -39 | 34 | 187 | -112 | -51 |
| Free Cash Flow | 2 | 88 | 237 | 570 | 517 | 358 | 160 | 23 | -147 | 188 | 68 | 252 |
| CFO/OP | 96 | 115 | 127 | 205 | 204 | 132 | 95 | 54 | 7 | 93 | 47 | 70 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 89 | 98 | 112 | 63 | 77 | 62 | 48 | 40 | 37 | 53 | 45 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 0 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 502 |
| Cash Conversion Cycle | 92 | 89 | 98 | 112 | 63 | 77 | 62 | 48 | 40 | 37 | 53 | -457 |
| Working Capital Days | -100 | -117 | -164 | -215 | -198 | -164 | -186 | -179 | -125 | -124 | -101 | -52 |
| ROCE % | 16% | 16% | 18% | 22% | 25% | 29% | 25% | 25% | 24% | 22% | 25% | 31% |
Documents
1
Board Meeting Intimation for Notice Of Board Meeting To, Inter-Alia, Consider And Approve
Audited Financial Results For The Quarter/Year Ended 31.03.2026
5 May - Board meeting on 21 May 2026 to approve audited standalone and consolidated results for FY2026. 5 May - Board meeting on 21 May 2026 to approve audited standalone and consolidated results for FY2026.
2
Closure of Trading Window
5 May - Board meeting on 21 May 2026 to approve audited standalone and consolidated results for FY2026. 5 May - Board meeting on 21 May 2026 to approve audited standalone and consolidated results for FY2026.
3
Tripartite Agreement Between The Company, Erstwhile RTA And New RTA
21 Apr - Engineers India signed tripartite agreement with KFin Technologies and Alankit Assignments on 20 April 2026. 21 Apr - Engineers India signed tripartite agreement with KFin Technologies and Alankit Assignments on 20 April 2026.
4
Tripartite Agreement Between The Company, Erstwhile RTA And New RTA
12h - Engineers India signed tripartite agreement with KFin Technologies and Alankit Assignments on 20 April 2026. 12h - Engineers India signed tripartite agreement with KFin Technologies and Alankit Assignments on 20 April 2026.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of SEBI(DP) Regulation,2018 for the quarter ended 31.03.2026. 9 Apr - Certificate under Regulation 74(5) of SEBI(DP) Regulation,2018 for the quarter ended 31.03.2026.
Frequently Asked Questions about Engineers India Ltd
What does Engineers India Ltd do?
EIL is a CPSU with majority ownership of the GoI operating under the administrative control of MoPNG. The Co. provides consultancy and engineering services and undertakes turnkey contracts. [1]
Where is Engineers India Ltd (ENGINERSIN) listed?
Engineers India Ltd is listed on the Indian stock exchanges. It is listed on NSE: ENGINERSIN and BSE: 532178. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Engineers India Ltd belong to?
Engineers India Ltd operates in the Construction sector within the Civil Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Engineers India Ltd?
Engineers India Ltd has a market capitalisation of approximately ₹13653.70 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Engineers India Ltd?
The Price-to-Earnings (PE) ratio of Engineers India Ltd is 19.54. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Engineers India Ltd?
Over the past 52 weeks, Engineers India Ltd has traded between a low of ₹163.55 and a high of ₹267. This range helps investors understand the stock's price volatility and recent trading levels.
Does Engineers India Ltd pay dividends?
Yes, Engineers India Ltd has a dividend yield of 1.05%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Engineers India Ltd?
Engineers India Ltd has a Return on Equity (ROE) of 17.68%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Engineers India Ltd on Tapetide?
On Tapetide, you can view Engineers India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
EIL is a CPSU with majority ownership of the GoI operating under the administrative control of MoPNG. The Co. provides consultancy and engineering services and undertakes turnkey contracts. [1]
Website engineersindia.com
CEO Ms. Vartika Shukla
Employees 2,650
Listed 1997-08-20
Face Value ₹ 5
Issued Size 56,20,42,373