Engineers India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹14,702 Cr
- P/E
- 18.74
- ROE
- 23.37%
- PEG
- 0.74
- Price to sales
- 3.78
- Debt to equity
- 0.01
- 52W high / low
- ₹316 / ₹165
- Sales growth (5Y)
- 4.55%
- EBITDA margin
- 19.35%
- Net profit margin
- 17.30%
- Promoter holding
- 51.32%
- Sales (last year)
- ₹3,878 Cr
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]
Guidance scorecard · Q1 FY27 call
What Engineers India Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ1 FY27 call
10–20%- The company maintains a revenue target of INR 5,000 crores for FY28 and aims to improve on it.
- Consultancy segment turnover is expected to exceed INR 2,300-2,400 crores, contributing over 50% (potentially up to 60%) of total revenue.
- Consultancy services growth guidance is over 10%, with potential for an upward revision based on project progress.
- Turnkey segment is expected to gain momentum in the 3rd and 4th quarters of FY27 as new projects move from initial phases to execution.
- Middle East and overseas businesses are projected to grow, with a target of INR 500 crores revenue from the Middle East in Q1 FY27.
2 more points from Engineers India Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Engineers India Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Engineers India Limited has made strategic investments in fertilizer projects like NRL and RFCL, which are considered safe and yield dividends. There is no current plan to monetize these investments.
- The company is accumulating surplus cash reserves but currently has no concrete plans to distribute them to shareholders.
- Focus remains on identifying new investment opportunities aligned with company interests and capabilities, similar to their fertilizer sector partnership.
- They are open to evaluating potential projects that fit their risk profile and strategic growth areas but no definite capex plans were shared.
FundraisingQ1 FY27 call
See what Engineers India Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Current order inflow for the year till date (YTD) is approximately INR 2,750 crores.
- Out of this, around INR 1,100 crores is consultancy and INR 1,500 crores is LSTK (domestic).
- The company targets an annual order intake of INR 8,000 crores and aims to maintain or exceed this.
- Consultancy segment order book is strong with a book-to-bill ratio indicating execution of around 20% out of a INR 10,000 crores consultancy order book.
- The consultancy segment is expected to contribute around 50%-60% of revenue going forward.
2 more points from Engineers India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingEngineers India Ltd announcements
All announcements →Financials of Engineers India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Engineers India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| 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 |
| Profit before tax | 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 |
Financials of Engineers India Ltd
Profit & Loss
Annual income statement trend
| 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 |
| Profit before tax | 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 | 4.90 | 6.07 | 5.83 | 6.71 | 4.43 | 2.48 | 6.16 | 7.92 | 10.32 | 12.30 |
| Dividend Payout % | 54% | 48% | 61% | 66% | 69% | 77% | 45% | 121% | 49% | 38% | 39% | 41% |
Financials of Engineers India Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of Engineers India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 65 | 88 | 236 | 599 | 549 | 376 | 171 | 48 | -113 | 222 | 109 | 319 |
| Cash from Investing Activity + | 174 | 70 | 197 | 165 | -4 | -229 | 776 | 61 | 322 | 145 | -36 | -101 |
| Cash from Financing Activity + | -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% |
Financials of Engineers India Ltd
Ratios
Working capital efficiency and return 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% |
Guidance history
How Engineers India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
72 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +29.7% | 78% |
| Last 6 months | +3.7% | 59% |
| Last 3 months | +17.6% | 85% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Engineers India Ltd: 0.4 × 78 + 0.4 × 59 + 0.2 × 85 = 72.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Engineers India Ltd's management said in earlier quarters
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