M & B Engineering Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 24 May 2026 | Construction | Market Cap: ₹1.5K Cr
The company targets 20%-25% growth in both domestic and export markets under normal operating conditions (Page 9). FY27 top-line growth expected around 23%-25%, supported by strong order book and robust demand in pre-engineered buildings and roofing systems.
From M & B Engineering Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹274
Market Cap
₹1.5K Cr
P/E Ratio
15.9
How does M & B Engineering Ltd rank in Construction?
Compare M & B Engineering Ltd against every Construction company this quarter on revenue, margins and earnings-call signals.
M & B Engineering Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹364 Cr, net profit ₹27 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company targets 20%-25% growth in both domestic and export markets under normal operating conditions (Page 9).
- →Volume growth planned: Phenix PEB volumes to increase from 72,000 tons to 90,000 tons; Proflex volumes from 17 lakh to 17.25 lakh square meters, reflecting about 20%-25% growth (Page 9).
- →Export volumes are expected to grow from 7,400 tons in FY26 to 10,000 tons in FY27, targeting up to 20% export share of total turnover (Pages 13, 9).
- →Order pipeline stands strong at around INR1,000-1,100 crores with inquiries across multiple sectors, supporting confidence in continued growth (Pages 8, 20).
- →The top-line growth target for the current fiscal is around 23%-25% due to a strong order book and robust demand (Page 7).
- →Employee strength and production workforce also expected to increase to support growth, including 200 additional production staff at Sanand (Page 22).
📈 Profitability & Margins
- →FY27 top-line growth expected around 23%-25%, supported by strong order book and robust demand in pre-engineered buildings and roofing systems. (Page 5)
- →Export volumes targeting growth from 7,400 tons in FY26 to 10,000 tons in FY27, aiming for 20% export revenue share. (Pages 13, 19)
- →EBITDA margins impacted in FY26 (11.9%-12.5%) due to forex loss, steel price hike, and freight costs; margin guidance for FY27 withheld due to volatility but focus on disciplined execution remains. (Pages 5, 16)
- →Positive outlook on margin recovery and potential improvement as tariff reductions stabilize costs and cost pass-through possible on new orders. (Pages 6, 20)
- →Profit after tax grew 20% in FY26; management confident to sustain earnings growth driven by execution momentum and capacity expansions. (Pages 5, 22)
- →EPS expected to benefit from revenue growth and margin stabilization, though precise guidance not provided amid current uncertainties.
🏗️ Capital Expenditure Plans
- →FY26 capital expenditure was INR33 crores, focused on capacity augmentation and operational strengthening aligned with mid-term growth strategy.
- →Estimated capex for FY27 is around INR100 crores, indicating continued commitment to expanding capability and scale.
- →Adding approximately 20,000 metric tons of capacity at the Sanand facility, expected to be commissioned by Q2 FY27, increasing total capacity to 92,000 metric tons per annum.
- →Plans to begin expansion at the Cheyyar plant in Tamil Nadu, targeting operational status by Q1 or Q2 FY28.
- →These expansions are part of strategic efforts to strengthen production capacity and market presence, especially in domestic and export markets.
💰 Fundraising & Capital Structure
- →There is no explicit mention of any new fundraising through debt or equity in the provided transcript.
- →The company has utilized 53% of its IPO proceeds (INR137.81 crores out of INR259.32 crores) as of March 31, 2026.
- →Long-term funds raised through the IPO have been used to pay creditors and support cash purchases of raw materials.
- →Management referred to IPO funds and General Corporate Purpose (GCP) funds utilized for working capital needs.
- →No new debt or equity issuance plans were indicated during the Q&A or closing remarks.
- →The company is focused on capex plans (~INR100 crores in FY27) funded from existing resources rather than new fundraising.
📋 Order Book & Pipeline
- →Current unexecuted order book: INR 1,083 crores (Page 20)
- →Order inflow in Q4 FY26: INR 387 crores, down from INR 480 crores in Q3 (Page 20)
- →Bid pipeline: Approximately INR 1,000 - 1,100 crores, comprising a mix of large, medium, and small orders across sectors (Pages 7, 20)
- →Export order book: Around INR 280 crores (Page 13)
- →Export turnover target for next year: INR 275-300 crores with volumes expected to increase to 10,000 tons in FY27 (Pages 13, 20)
- →Order intake growth target: 20%-25% year-on-year across domestic and export markets under normal conditions (Page 13)
- →Domestic market shows strong capex and inquiry pipeline indicating continued order inflows (Page 7)
Key Metrics
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What M & B Engineer.'s management said in earlier quarters
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Frequently Asked Questions
What were M & B Engineering Ltd Q4 FY26 results?
The company targets 20%-25% growth in both domestic and export markets under normal operating conditions (Page 9). FY27 top-line growth expected around 23%-25%, supported by strong order book and robust demand in pre-engineered buildings and roofing systems.
What is M & B Engineering Ltd share price analysis?
M & B Engineering Ltd currently shows a neutral. The stock trades at a P/E of 15.9 with a market cap of ₹1,546 Cr. Investors should review the full earnings analysis for detailed insights.
Is M & B Engineering Ltd planning capital expenditure?
FY26 capital expenditure was INR33 crores, focused on capacity augmentation and operational strengthening aligned with mid-term growth strategy.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.