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Mcnally Bharat Engineering Company Ltd (MBECL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532629 NSE: MBECL Engineering - Construction | Small Cap | Mcnally Bharat Engg. Share Price
₹258.83 12.32 (5.00%)
As on 04-Sep'26 16:59
Mcnally Bharat Engineering Company Ltd (MBECL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532629 NSE: MBECL Engineering - Construction | Small Cap | Mcnally Bharat Engg. Share Price
₹258.83 12.32 (5.00%)
As on 04-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹863 Cr.
Current Price
₹258.8
52-Week Low / High
₹224 / 259
TTM EPS
₹1,097.2
TTM Sales
₹73.4 Cr.
Book Value per Share
₹163.6
P/E Ratio
0.24
Industry PE
24.8
Price to Book (P/B)
1.58
Higher than its 5-year historical median
Price to Sales (P/S)
11.76
Higher than its 5-year historical median
EV/EBITDA
-4.62
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
-160.44%
Operating Profit Margin
-923.1%
Net Profit Margin
-1635.56%
Gross Profit Margin
-1,630.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-37.4%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
90.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹512 Cr.
Equity
₹33.3 Cr.
Face Value
₹10
All Time Low / High
₹2.10 / 385.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Strong
Is Mcnally Bharat Engineering Company Ltd a good quality company?
Mcnally Bharat Engineering Company Ltd is a weak quality company, based on a inconsistent 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 Mcnally Bharat Engineering Company Ltd performance compare with that of its Peers?
Revenue growth of Mcnally Bharat Engineering Company Ltd vs industry peers?
Mcnally Bharat Engineering Company Ltd revenue CAGR is -28.66%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Mcnally Bharat Engineering Company Ltd?
Promoters hold 90.00% of the Mcnally Bharat Engineering Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Mcnally Bharat Engineering Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.2% 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.
Mcnally Bharat Engineering Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.6% | -4.3% | -0.7% | -2% | -11.4% | 0.4% | -0.9% | -54.1% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | -1.3 | -1.1 | -1.1 | -1.8 | -1.0 | NA | NA | NA | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 2,477 | 1,906 | 1,433 | 1,518 | 568 | 333 | 253 | 228 | 168 | 105 | 73 |
| Sales YoY Gr. | - | -23.1% | -24.8% | 6% | -62.6% | -41.4% | -24.1% | -9.7% | -26.6% | -37.4% | - |
| Adj EPS ⓘ | -68.4 | -9.4 | -27 | -29.9 | -17.9 | -2.4 | -3.6 | -108.2 | -41.7 | -514.3 | 1,097.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -79.1 | 3.6 | 5.1 | 28.6 | 6.4 | 3.5 | -0.8 | -157.2 | -198.9 | -1,767.7 | 163.6 |
| Adj Net Profit ⓘ | -349 | -50.3 | -427 | -515 | -379 | -50.3 | -77 | -2,290 | -883 | -1,714 | 3,657 |
| Cash Flow from Ops. ⓘ | -402 | -425 | -492 | 347 | -199 | 38.5 | -14.2 | -3.1 | -12.7 | -17.3 | - |
| Debt/CF from Ops. ⓘ | -5.6 | -6.5 | -6.7 | 5.6 | -10.6 | 55.8 | -153.7 | -1009.8 | -244.3 | -179.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -29.6% | -28.7% | -25.4% | -37.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | -407.6% | NA | NA | ||||
| Share Price | 14.2% | 112.3% | 309.8% | 7888.6% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 840.8 | 34 | -360.6 | -154.5 | -113.4 | -48 | -268.2 | 137 | 23.5 | 33.9 | -136.8 |
| Op. Profit Mgn % ⓘ | -0.5 | -20.8 | -11.7 | -17.3 | -54.4 | -5.1 | -34.2 | -135.5 | -52 | -923.1 | -282.8 |
| Net Profit Mgn % ⓘ | -14.1 | -2.6 | -29.8 | -33.9 | -66.7 | -15.1 | -30.5 | -1003.1 | -526.9 | -1633.8 | 4982.1 |
| Debt to Equity ⓘ | -5.6 | 27.2 | 24.6 | 3.7 | 15.6 | 29.1 | -132.9 | -0.9 | -0.7 | -0.5 | - |
| Working Cap Days ⓘ | 515 | 741 | 1,000 | 766 | 1,526 | 2,199 | 2,657 | 2,667 | 3,234 | 3,584 | 944 |
| Cash Conv. Cycle ⓘ | 68 | 138 | 246 | 329 | 803 | 1,083 | 1,180 | 1,065 | 1,190 | 1,145 | 279 |
Valuation of Mcnally Bharat Engg. - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 9.42 | 9.42 | 9.42 | 9.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,477 | 1,906 | 1,433 | 1,518 | 568 | 333 | 253 | 228 | 168 | 105 |
| Operating Expenses ⓘ + | 2,492 | 2,314 | 1,602 | 1,812 | 879 | 350 | 340 | 539 | 255 | 1,074 |
| Operating Profit ⓘ | -15 | -408 | -169 | -294 | -312 | -17 | -87 | -311 | -87 | -969 |
| Operating Profit Margin (%) | -0.6% | -21.4% | -11.8% | -19.3% | -54.9% | -5.1% | -34.6% | -136.0% | -52.1% | -923.0% |
| Other Income ⓘ + | 48 | 332 | 161 | 246 | 52 | 33 | 75 | 47 | 48 | 112 |
| Interest ⓘ | 355 | 448 | 536 | 408 | 111 | 60 | 59 | 1,946 | 841 | 854 |
| Depreciation ⓘ | 23 | 25 | 15 | 11 | 10 | 7 | 6 | 4 | 3 | 3 |
| Profit Before Tax ⓘ | -344 | -550 | -559 | -466 | -381 | -50 | -77 | -2,471 | -883 | -1,716 |
| Tax ⓘ | 0 | -491 | -134 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -344 | -58 | -425 | -466 | -381 | -50 | -77 | -2,471 | -883 | -1,716 |
| PAT Margin (%) | -13.9% | -3.1% | -29.7% | -30.7% | -67.1% | -15.0% | -30.5% | -1,082.6% | -527.0% | -1,635.6% |
| Adjusted EPS (₹) | -67.4 | -10.9 | -26.9 | -27.1 | -18.0 | -2.4 | -3.7 | -116.0 | -41.8 | -514.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -404 | 102 | 134 | 531 | 136 | 74 | -16 | -3,326 | -4,208 | -5,892 | |
| Debt + | 2,014 | 2,515 | 3,058 | 1,938 | 2,107 | 2,142 | 2,174 | 3,100 | 3,102 | 3,089 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1,320 | 1,479 | 847 | 468 | 226 | 226 | 217 | 229 | 223 | 235 | |
| Others Liabilities ⓘ | 1,066 | 649 | 384 | -23 | -77 | -312 | -337 | 1,579 | 2,366 | 3,224 | |
| Total Liabilities ⓘ | 3,996 | 4,745 | 4,423 | 2,914 | 2,392 | 2,130 | 2,039 | 1,582 | 1,484 | 655 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 91 | 66 | 52 | 42 | 52 | 45 | 22 | 18 | 15 | 15 | |
| CWIP ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 0 | |
| Investments ⓘ | 181 | 485 | 485 | 180 | 180 | 181 | 181 | 1 | 1 | 1 | |
| Inventories | 148 | 26 | 90 | 73 | 5 | 3 | 2 | 1 | 0 | 0 | |
| Trade Receivables | 1,385 | 1,652 | 1,711 | 1,677 | 1,385 | 1,052 | 955 | 752 | 742 | 339 | |
| Cash Equivalents | 62 | 102 | 116 | 79 | 18 | 28 | 24 | 30 | 20 | 21 | |
| Others Assets ⓘ | 2,124 | 2,409 | 1,964 | 858 | 747 | 817 | 850 | 775 | 700 | 279 | |
| Total Assets ⓘ | 3,996 | 4,745 | 4,423 | 2,914 | 2,392 | 2,130 | 2,039 | 1,582 | 1,484 | 655 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -402 | -425 | -492 | 347 | -199 | 39 | -14 | -3 | -13 | -17 |
| Cash Flow From Investing Activity ⓘ + | -39 | -11 | 107 | 388 | 49 | 1 | 39 | 1 | -1 | -15 |
| Cash Flow From Financing Activity ⓘ + | 475 | 427 | 448 | -791 | 131 | -29 | -28 | 7 | 1 | 17 |
| Net Cash Flow ⓘ | 34 | -10 | 63 | -56 | -19 | 11 | -3 | 5 | -12 | -15 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | -857.76 | -163.01 | -121.4 | -47.73 | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | -4.29 | -0.74 | -1.97 | -11.44 | 0.43 | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.64 | 0.44 | 0.31 | 0.41 | 0.21 | 0.15 | 0.12 | 0.13 | 0.11 | 0.1 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 206.10 | 290.50 | 428.30 | 407.20 | 984.60 | 1,336.80 | 1,449.90 | 1,365.40 | 1,627.10 | 1,879.80 |
| Inventory Days | 20.30 | 16.70 | 14.80 | 19.60 | 25.20 | 4.50 | 3.30 | 1.90 | 1.20 | 1 |
| Payable Days | 248 | 246.80 | 343.10 | 148.40 | 505.80 | 606.40 | 673.80 | 660.50 | 1,091.80 | 5,885.20 |
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Mcnally Bharat Engineering Company Ltd FAQs
The current trading price of Mcnally Bharat Engg. on 04-Sep-2026 16:59 is ₹258.8.
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 03-Sep-2026 the market cap of Mcnally Bharat Engg. stood at ₹862.8 Cr
The latest P/E ratio of Mcnally Bharat Engg. as of 03-Sep-2026 is 0.24.
The latest P/B ratio of Mcnally Bharat Engg. as of 03-Sep-2026 is 1.58.
The 52-week high of Mcnally Bharat Engg. is ₹258.8 and the 52-week low is ₹223.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mcnally Bharat Engg. is ₹73.40 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mcnally Bharat Engineering Company Ltd is a below average quality company.
The key valuation ratios of Mcnally Bharat Engineering Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mcnally Bharat Engineering Company Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Mcnally Bharat Engineering Company Ltd
McNally Bharat Engineering Company (MBECL) incorporated in 1961; is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc. Till date the company has constructed 250 plants. The company is also into manufacturing of belt conveyor, shuttle conveyor, roller conveyor, idlers, pulleys, trippers, gates, technological structures, Slurry Pumps, Flotation Machines, High Rate Thickeners, Magnetic, Vibratory and Metal Detection Equipment, Hydrocyclones, Filters, Centrifugal Concentrators and Bagging Machines
The company has received ISO 9001 certification by RWTUV for quality management.
Milestones
1961- McNally Bird Engineering Co a joint venture between McNally Pittsburg, USA and Bird & Co.
1968 – The company designed and built the longest cross country conveying system in India for 800 TPH Coal Handling Plant of Thermal Power station at Talcher, Orissa.
1970 – The company designed plant in India for beneficiation of fluorspar was built for Gujarat Mineral Development Corporation at Kadipani located at Gujarat.
1970 – The company constructed its first carbon paste plant for Indian Aluminium.
1972 – The company was re-christened as McNally Bharat Engineering Company.
1979 – MBECL constructed 700 TPH Coal Washery for Bharat Coking Coal located at Jharkhand.
1980 - Williamson Magor Group took over the MBECL.
1981 – The company designed and constructed its first 5500 tph High Speed Rapid Loading System with Silo at Jayant Coal Handling Plant, U.P.
1989 – G. P. Birla Group acquires 24% stake in the Company.
1998 – The company forayed in Open cast mining sector. Neyveli Lignite Corporation placed order for 20,000 tph shiftable conveying system, conveyors and Bucket wheel excavator, Spreader etc
1999 – The company formed a joint venture with Eriez Magnetics, USA world’s leading manufacturers of magnetic, vibratory and metal detection equipment for manufacture of their products in India.
2000 – Neyveli Lignite Corporation placed an order for first dense phase pneumatic conveying system for ash handling in India
2001 – Company received joint venture project for combined water supply to 674 habitations in Tiruchirapally District, Tamil Nadu.
2002 - It became first company in India to manufacture and commence a 700L capacity Bucket Wheel Excavator. The company designed, manufactured and commenced the world’s largest Apron Conveyors at Angul for Nalco. The company acquired 100% control over Eroterv-Waagner-Biro, Hungary, now known as EWB Kornyezetvedelmi Kft, world leader in Pneumatic conveying Technology.
2004 – The company designed and constructed India’s largest capacity Level luffing cranes at Kandla Port.
2005 – The company built and commissioned lead-zinc beneficiation plant for Hindustan Zinc– Agucha mines; a Green Anode plant for Bharat Aluminium Company at Korba; India’s largest capacity Goliath Crane (300 MT) for Cochin Shipyard and designed, built and commissioned Container Handling Crane in India at Haldia Dock Complex.
2009 - MBE acquired the coal and mineral technology division of KHD Humboldt Wedag, Germany.
2011 - The R&D activities of MBE & MSEL obtained recognition by DSIR, GOI
-MSEL Launched Mobile crushing & screening plants
2012 -Acquired through its subsidiary, MBE Mineral Technologies Pte Ltd, a 42 % stake in Specialist Energy Group (SEG) which owns Hayward Tyler Ltd, UK & Hayward Tyler Inc., USA
- MSEL launched skid mounted Coal Crushing plant
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