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Engineers India Ltd (ENGINERSIN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532178 NSE: ENGINERSIN Engineering - Construction | Small Cap | Engineers India Share Price
₹269.20 -2.75 (-1.01%)
As on 11-Sep'26 16:59
Engineers India Ltd (ENGINERSIN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532178 NSE: ENGINERSIN Engineering - Construction | Small Cap | Engineers India Share Price
₹269.20 -2.75 (-1.01%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹15,285 Cr.
Current Price
₹269.2
52-Week Low / High
₹164 / 290
TTM EPS
₹14
TTM Sales
₹3,878 Cr.
Book Value per Share
₹58
P/E Ratio
19.49
In line with its 5-year historical median
Industry PE
24.8
Price to Book (P/B)
4.69
Higher than its 5-year historical median
Price to Sales (P/S)
3.94
Higher than its 5-year historical median
EV/EBITDA
14.70
Higher than its 5-year historical median
Dividend Yield
1.86%
Profitability Efficiency
Return on Equity (ROE)
23.79%
Outperforms industry median
Return on Capital Employed (ROCE)
30.94%
Outperforms industry median
Return on Assets (ROA)
12.45%
Operating Profit Margin
17.8%
Net Profit Margin
17.61%
Gross Profit Margin
22.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
27.11%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
50.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
19.29%
Asset Quality
Promoter Holding
51.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,980 Cr.
Equity
₹281 Cr.
Face Value
₹5
All Time Low / High
₹5.29 / 304.00
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Engineers India Ltd a good quality company?
Engineers India Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Engineers India Ltd performance compare with that of its Peers?
Revenue growth of Engineers India Ltd vs industry peers?
Engineers India Ltd revenue CAGR is 4.39%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Engineers India Ltd?
Promoters hold 51.32% of the Engineers India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Engineers India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Engineers India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18.3% | 22.6% | 25.1% | 29.4% | 17.6% | 24.9% | 22% | 21.5% | 25.2% | 29.6% | - |
| Value Creation Index ⓘ | 0.4 | 0.7 | 0.9 | 1.1 | 0.3 | 0.8 | 0.6 | 0.6 | 0.9 | 1.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,442 | 1,793 | 2,445 | 3,204 | 3,105 | 2,870 | 3,282 | 3,233 | 3,028 | 3,850 | 3,794 |
| Sales YoY Gr. | - | 24.3% | 36.4% | 31% | -3.1% | -7.6% | 14.4% | -1.5% | -6.3% | 27.1% | - |
| Adj EPS ⓘ | 4.8 | 5.9 | 5.8 | 6.7 | 6.5 | 6 | 5.9 | 6.2 | 8.1 | 11.1 | 12.1 |
| YoY Gr. | - | 22.6% | -2.4% | 15.9% | -2.8% | -7.5% | -1.8% | 5.3% | 29.6% | 37.5% | - |
| BVPS (₹) ⓘ | 41.2 | 35.9 | 36 | 37.1 | 30.3 | 34.3 | 37.5 | 41.1 | 46.6 | 54.1 | 56.1 |
| Adj Net Profit ⓘ | 325 | 373 | 365 | 423 | 365 | 338 | 331 | 349 | 453 | 622 | 677 |
| Cash Flow from Ops. ⓘ | 231 | 587 | 545 | 372 | 160 | 42.6 | -123 | 210 | 99.7 | 304 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.5% | 4.4% | 5.5% | 27.1% | ||||
| Adj EPS ⓘ | 9.7% | 11.2% | 23.3% | 37.5% | ||||
| BVPSⓘ | 3.1% | 12.3% | 13.1% | 16.1% | ||||
| Share Price | 7.4% | 30.3% | 18.6% | 28.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.8 | 14.8 | 16 | 18.3 | 18.1 | 18.6 | 16.5 | 15.8 | 18.4 | 22 | 21.9 |
| Op. Profit Mgn % ⓘ | 19.3 | 22.9 | 14.8 | 13.7 | 11 | 11 | 7.9 | 8.2 | 14.5 | 17.4 | 18.9 |
| Net Profit Mgn % ⓘ | 22.5 | 20.8 | 14.9 | 13.2 | 11.8 | 11.8 | 10.1 | 10.8 | 15 | 16.2 | 17.9 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 347 | 304 | 254 | 208 | 226 | 223 | 179 | 187 | 225 | 216 | 161 |
| Cash Conv. Cycle ⓘ | 23 | 28 | 28 | 24 | 22 | 1 | -1 | -13 | -23 | -22 | 27 |
Valuation of Engineers India - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,473 | 1,830 | 2,477 | 3,237 | 3,144 | 2,912 | 3,328 | 3,282 | 3,088 | 3,928 |
| Operating Expenses ⓘ + | 1,183 | 1,405 | 2,103 | 2,790 | 2,793 | 2,588 | 3,058 | 3,006 | 2,624 | 3,229 |
| Operating Profit ⓘ | 291 | 425 | 374 | 447 | 352 | 324 | 271 | 276 | 464 | 699 |
| Operating Profit Margin (%) | 19.7% | 23.3% | 15.1% | 13.8% | 11.2% | 11.1% | 8.1% | 8.4% | 15.0% | 17.8% |
| Other Income ⓘ + | 248 | 180 | 226 | 263 | 189 | 152 | 204 | 242 | 211 | 195 |
| Interest ⓘ | 5 | 2 | 3 | 4 | 6 | 3 | 3 | 5 | 5 | 5 |
| Depreciation ⓘ | 23 | 24 | 22 | 24 | 24 | 24 | 26 | 35 | 40 | 42 |
| Profit Before Tax ⓘ | 511 | 579 | 574 | 683 | 356 | 449 | 446 | 478 | 738 | 894 |
| Tax ⓘ | 181 | 196 | 201 | 249 | 95 | 107 | 101 | 118 | 158 | 203 |
| Profit After Tax | 330 | 383 | 373 | 434 | 261 | 343 | 344 | 360 | 580 | 692 |
| PAT Margin (%) | 22.4% | 21.0% | 15.1% | 13.4% | 8.3% | 11.8% | 10.3% | 11.0% | 18.8% | 17.6% |
| Adjusted EPS (₹) | 4.9 | 6.1 | 5.8 | 6.7 | 4.4 | 2.5 | 6.2 | 7.9 | 10.3 | 12.3 |
| Dividend Payout Ratio (%) | 61.30% | 65.90% | 68.60% | 76.80% | 45.20% | 120.90% | 48.70% | 37.90% | 38.80% | 40.60% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 2,845 | 2,341 | 2,344 | 2,406 | 1,751 | 1,770 | 1,962 | 2,246 | 2,669 | 3,146 | |
| Debt + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 223 | 217 | 245 | 275 | 412 | 320 | 347 | 444 | 476 | 587 | |
| Others Liabilities ⓘ | 1,521 | 2,230 | 2,528 | 2,785 | 2,733 | 2,260 | 1,984 | 1,948 | 2,070 | 2,161 | |
| Total Liabilities ⓘ | 4,589 | 4,788 | 5,117 | 5,466 | 4,896 | 4,350 | 4,292 | 4,638 | 5,215 | 5,893 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 235 | 228 | 220 | 235 | 231 | 231 | 254 | 272 | 269 | 312 | |
| CWIP ⓘ | 56 | 52 | 52 | 3 | 1 | 7 | 26 | 36 | 46 | 31 | |
| Investments ⓘ | 533 | 242 | 315 | 461 | 1,324 | 1,088 | 1,179 | 1,380 | 1,395 | 1,606 | |
| Inventories | 11 | 5 | 10 | 9 | 4 | 5 | 6 | 4 | 4 | 4 | |
| Trade Receivables | 399 | 562 | 427 | 680 | 532 | 386 | 368 | 336 | 444 | 479 | |
| Cash Equivalents | 2,358 | 2,537 | 2,716 | 2,777 | 1,322 | 1,383 | 1,096 | 1,219 | 1,327 | 1,364 | |
| Others Assets ⓘ | 998 | 1,161 | 1,377 | 1,301 | 1,481 | 1,250 | 1,364 | 1,392 | 1,730 | 2,097 | |
| Total Assets ⓘ | 4,589 | 4,788 | 5,117 | 5,466 | 4,896 | 4,350 | 4,292 | 4,638 | 5,215 | 5,893 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 236 | 599 | 549 | 376 | 171 | 48 | -113 | 222 | 117 | 319 |
| Cash Flow From Investing Activity ⓘ + | 197 | 165 | -4 | -229 | 776 | 61 | 322 | 145 | -44 | -101 |
| Cash Flow From Financing Activity ⓘ + | -284 | -892 | -362 | -334 | -904 | -149 | -176 | -180 | -185 | -269 |
| Net Cash Flow ⓘ | 150 | -129 | 183 | -188 | 43 | -39 | 34 | 187 | -112 | -51 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.65 | 14.78 | 15.92 | 18.27 | 12.58 | 19.48 | 18.45 | 17.12 | 23.59 | 23.79 |
| ROCE (%) | 18.21 | 22.41 | 24.63 | 28.91 | 17.42 | 25.69 | 24.04 | 22.97 | 30.23 | 30.94 |
| Asset Turnover Ratio | 0.33 | 0.39 | 0.5 | 0.61 | 0.61 | 0.63 | 0.77 | 0.74 | 0.63 | 0.71 |
| PAT to CFO Conversion(x) | 0.72 | 1.56 | 1.47 | 0.87 | 0.66 | 0.14 | -0.33 | 0.62 | 0.2 | 0.46 |
| Working Capital Days | ||||||||||
| Receivable Days | 96 | 95.80 | 72.90 | 62.40 | 70.40 | 57.60 | 41.30 | 39.10 | 46.10 | 42.90 |
| Inventory Days | 1.90 | 1.60 | 1.10 | 1.10 | 0.80 | 0.60 | 0.60 | 0.60 | 0.50 | 0.40 |
| Payable Days | 1,371.30 | 761.30 | 137.50 | 202.20 | 241.90 | 359.40 | 190.10 | 297.80 | 545.20 | 455.40 |
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Engineers India Ltd FAQs
The current trading price of Engineers India on 11-Sep-2026 16:59 is ₹269.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Engineers India stood at ₹15,284.7 Cr
The latest P/E ratio of Engineers India as of 10-Sep-2026 is 22.57.
The latest P/B ratio of Engineers India as of 10-Sep-2026 is 4.85.
The 52-week high of Engineers India is ₹289.6 and the 52-week low is ₹163.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Engineers India is ₹3,794 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Engineers India Ltd is a good quality company.
The key valuation ratios of Engineers India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Engineers India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Engineers India Ltd
Engineers India (EIL), incorporated in 1965, the company provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The Company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power and fertilizers to leverage its strong technical competencies and track record.
Today, EIL is a ‘Total Solutions’ engineering consultancy company providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. EIL’s QMS, OHSMS and EMS are certified to ISO 9001, OHSAS 18001 and ISO 14001 respectively. It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials and maintenance and plant operations and safety services.
With corporate office in New Delhi, EIL also operates from its office in Gurugram, branch office in Mumbai, three regional engineering offices in Kolkata, Chennai & Vadodara and has inspection offices at all major manufacturing locations of the country. The company’s overseas presence is marked by an engineering office in Abu Dhabi, which caters to the business needs in UAE/Middle-East region. Additionally, there are offices in London, Milan and Shanghai to coordinate the activities of international procurement and marketing.
Business area of the company
The company is engaged in construction and maintenance of industrial facilities such as refineries, chemical plants, etc. The company also engaged in architectural and engineering activities and related technical consultancy. The company also helps its clients with management consultancy activities. Additionally, the company is also in research and experimental development on natural sciences and engineering.
BUSINESS DIVISIONS
- Mining & Metallurgy
- Power
- Hydrocarbon
- Chemicals & Fertilizers
- Infrastructure
SERVICES
EIL provides entire gamut of engineering consultancy and EPC services with highest quality and safety standards.
- Technologies
- Pre FEED & FEED
- Project Management
- Supply Chain Management
- Construction
- Specialised
Awards and recognitions
2017
- Rajbhasha Shield for FY2016-17 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
- FIPI ‘Project Management - Company of the Year’ Award for the year 2016 jointly with BPCL.
- Rajbhasha Shield for FY2015-16 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
- Special Commendation in Institutional Category I (Maharatna & Navratna PSEs) of “SCOPE Award for Excellence and Outstanding Contribution to the Public Sector Management 2014-15?.
- Institute of Public Enterprises (IPE) “Women of Excellence Award 2017” to four EIL Women Executives in Senior and Junior categories.
- “Best Indigenous Innovator Team Award” at 21st Refinery Technology Meet organised by Centre for High Technology (CHT), MoP&NG.
2018
- 10th CIDC Vishwakarma Award for Construction Health, Safety and Environment to Daman Development Project at Hazira.
- 5th Governance Now PSU Award for “Consistent Growth” in Navratna Category
- “Certificate of Appreciation” for “Good Practices in Safety System” for EIL’s Daman Development Project, Hazira during the 7th FICCI Safety Systems Excellence Awards for Industry 2018.
- 10th CIDC Vishwakarma Award for Best Construction Projects to DHT Project at BPCL Mumbai Refinery.
- ‘IEI Industry Excellence Award 2018’ from The Institution of Engineers (India) in the Engineering and Service Consultancy sector in the category of “organisations having turnover of Rs 500 crore and above”.
- Rajbhasha Shield for FY2017-18 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
2019
- PETROTECH 2019 Special Technical Award in the “Greening of Oil and Gas Business and Sustainability” category.
- 6th Governance Now PSU Award for “Technology Adaption” and “Communications (Outreach)”
- PETROTECH 2019 Special Technical Award in the “Women in Hydrocarbon Sector” category to Ms. R. Priyamvada, GGM (Technical), EIL
- 11th CIDC Vishwakarma Award for “Best Construction Projects” to DHDT Project, Numaligarh Refinery, Assam and for “Construction Health, Safety & Environment” to BS-VI Quality Fuel Project, HMEL Guru Gobind Singh Refinery, Bathinda, Punjab
- “Pride of HR Professional – Public Sector Undertakings” Award to Sh. V.C. Bhandari, Dir. (HR), EIL by World HRD Congress.
- “Distinguished Alumni Award” to Director (HR), EIL by Delhi College of Engineering
- Dun & Bradstreet Corporate Awards 2019 in “Best Growth Performance – Engineering Projects/ Capital Goods” category
- “Special Commendation Award” of Downstream India Excellence Awards 2019 in the category of R&D Company of the Year.
- Rajbhasha Shield for FY2018-19 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
- ‘IEI Industry Excellence Award 2019’ from The Institution of Engineers (India) in the Engineering and Service Consultancy sector in the category of “organisations having turnover of Rs 500 crore and above”.
- FIPI “Young Achiever of the Year in the Oil and Gas Industry” Award for year 2019 to Ms. Seema Gurnani, Manager (Project B), EIL
2020
- Top Rankers Excellence Award for Finance Leadership 2020? to Shri Sunil Bhatia, Director (Finance), EIL by by Top Rankers Management Consultants
History and milestones
- 1964: Incorporated pursuant to a formation agreement dated November 20, 1964 between the Government of India and BIC.
- 1965: Commenced work in the refineries segment.
- 1967: Wholly owned Government of India (GoI) company
- 1969: Expansion to Petrochem with IPCL (now Reliance Industries Ltd)
- 1970 - 1972: Commenced first international assignment
- 1970 - 1972: Entered Fertilizer and Non-ferrous metallurgical sector
- 1975 - 1978: Expansion in Hydrocarbons value chain: Offshore Pipelines Onshore oil and gas
- 1975 - 1978: Expansion into Onshore oil and gas segment
- 1989: R&D centre in Gurgaon 18 Patents Process Technologies in Refining and Gas Processing
- 1997: Accorded the Mini Ratna status Listed on the BSE and NSE
- 2001: Diversified into Infrastructure
- 2006: Commenced services in sub-surface crude storages (Vizag Padur & Mangalore)
- 2010: Successful FPO of 33.6 Million shares of Rs.5 each
- 2011-13: Expansion into fertilizers projects in overseas territories viz., Bangladesh & Indonesia
- 2014: Conferred the prestigious 'Navratna' status by the Govt. of India with effect from 24.06.2014.
- 2014: Largest overseas order from Nigeria
- 2015: Asset Ownership in Fertilizer Segment with formation of Ramagundam Fertilizers and Chemicals Limited (RFCL), a Joint Venture of EIL, NFL & FCIL.
- 2015: As part of Golden Jubilee celebrations, Hon’ble Prime Minister of India releases Coffee Table Book and commemorative Postage Stamp.
- 2016-17: Divestment of 10% equity of Government of India through an Offer for Sale (OFS) Buy back of EIL Shares
- 2018: The company signs MoU with BHEL for technical collaboration and development of various technologies.
- 2019: The company signs MoU for 2019-20 with Ministry of Petroleum & Natural Gas.
- 2019: The company has signed PMC Services Agreement for 1.5 MMTPA Refinery in Mongolia.
- 2020: Oil India Ltd and Engineers India Ltd-led consortium will buy 48% stake in the Bharat Petroleum Corporation Ltd’s subsidiary, Numaligarh Refinery Ltd (NRL).
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