M & B Engineering Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,498 Cr
- P/E
- 15.37
- ROE
- 19.38%
- PEG
- 0.37
- Price to sales
- 1.15
- Debt to equity
- 0.13
- 52W high / low
- ₹514 / ₹226
- Sales growth (5Y)
- 24.90%
- EBITDA margin
- 10.87%
- Net profit margin
- 7.41%
- Promoter holding
- 70.60%
- Sales (last year)
- ₹1,313 Cr
Incorporated in 1981, M&B Engineering Ltd is a design-led engineering solutions provider.[1]
Guidance scorecard · Q1 FY27 call
What M & B Engineering Ltd's management guided
and where it ranks in Construction
RevenueQ4 FY26 call
20–40%- Targeting 20%-25% top-line (revenue) growth in FY27 and FY28 under normal operating conditions.
- Export volumes expected to grow from 7,400 tons in FY26 to around 10,000 tons in FY27, representing approximately 14%-15% of total volumes, with export revenue targeted at INR275-300 crores.
- Domestic volume in Phenix (pre-engineered buildings) expected to increase from 72,000 tons to 85,000-90,000 tons in FY27, indicating robust volume growth.
- Proflex plant volume projections to rise modestly, from 17 lakhs to 17.25 lakhs square meters in FY27.
- Consistent order pipeline of around INR1,000-1,100 crores expected to support volume growth.
2 more points from M & B Engineering Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what M & B Engineering Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Capex incurred in FY26 was INR 33 crores.
- Planned capex for FY27 is around INR 100 crores.
- Sanand plant expansion commissioning is on track for Q2 FY27.
- Management indicates continued investment aligned with strong order pipeline and capacity expansion strategy.
FundraisingQ4 FY26 call
See what M & B Engineering Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Q4 order inflow was INR 387 crores, down from INR 480 crores in Q3.
- Current unexecuted order book is approximately INR 1,083 crores.
- Order book to revenue ratio stands at 0.86.
- Current bid pipeline is strong, valued around INR 1,000 to 1,100 crores.
- Pipeline includes a good mix of large, medium, and small orders across sectors.
2 more points from M & B Engineering 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 rankingM & B Engineering Ltd announcements
All announcements →- Capex / expansionNotableM&B Engineering Ltd commenced commercial production at Sanand plant on 26 Oct 2026
Financials of M & B Engineering Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of M & B Engineering Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 140 | 207 | 328 | 314 | 238 | 307 | 352 | 364 |
| Expenses + | 127 | 168 | 296 | 272 | 208 | 272 | 312 | 326 |
| Operating Profit | 13 | 39 | 33 | 42 | 29 | 34 | 40 | 38 |
| OPM % | 10% | 19% | 10% | 13% | 12% | 11% | 11% | 10% |
| Other Income + | 3 | 2 | 1 | 2 | 4 | 2 | 3 | 5 |
| Interest | 5 | 5 | 4 | 5 | 6 | 4 | 4 | 3 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 9 | 32 | 26 | 35 | 24 | 29 | 35 | 36 |
| Tax % | 25% | 26% | 31% | 18% | 27% | 23% | 26% | 24% |
| Net Profit + | 7 | 24 | 18 | 29 | 18 | 22 | 25 | 27 |
| EPS in Rs | 1.39 | 4.77 | 3.55 | 5.70 | 3.59 | 3.88 | 4.46 | 4.72 |
Financials of M & B Engineering Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 520 | 415 | 688 | 880 | 795 | 989 | 1,260 |
| Expenses + | 483 | 388 | 643 | 814 | 715 | 862 | 1,118 |
| Operating Profit | 37 | 27 | 45 | 67 | 80 | 127 | 142 |
| OPM % | 7% | 6% | 7% | 8% | 10% | 13% | 11% |
| Other Income + | 5 | 8 | 6 | 9 | 13 | 8 | 15 |
| Interest | 17 | 16 | 19 | 19 | 23 | 20 | 17 |
| Depreciation | 9 | 9 | 10 | 10 | 9 | 13 | 15 |
| Profit before tax | 17 | 10 | 22 | 46 | 61 | 102 | 124 |
| Tax % | 36% | 42% | 30% | 28% | 25% | 25% | 25% |
| Net Profit + | 11 | 6 | 16 | 33 | 46 | 77 | 93 |
| EPS in Rs | 5.36 | 2.95 | 9.69 | 16.48 | 9.17 | 15.41 | 16.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 6% |
Financials of M & B Engineering Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 50 | 50 | 57 |
| Reserves | 100 | 105 | 125 | 161 | 183 | 257 | 600 |
| Borrowings + | 114 | 114 | 100 | 149 | 205 | 191 | 84 |
| Other Liabilities + | 192 | 184 | 300 | 229 | 195 | 352 | 420 |
| Total Liabilities | 426 | 423 | 544 | 559 | 633 | 849 | 1,161 |
| Fixed Assets + | 68 | 70 | 69 | 79 | 77 | 176 | 180 |
| CWIP | 1 | 4 | 2 | 2 | 66 | 2 | 14 |
| Investments | 3 | 2 | 4 | 5 | 7 | 5 | 4 |
| Other Assets + | 355 | 348 | 470 | 473 | 483 | 666 | 962 |
| Total Assets | 426 | 423 | 544 | 559 | 633 | 849 | 1,161 |
Financials of M & B Engineering Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 48 | 8 | 41 | 29 | 5 | 36 | -31 |
| Cash from Investing Activity + | -4 | -9 | -13 | -12 | -62 | -34 | -39 |
| Cash from Financing Activity + | 9 | -13 | -29 | 30 | 32 | -45 | 136 |
| Net Cash Flow | 53 | -15 | -0 | 47 | -25 | -44 | 66 |
| Free Cash Flow | 42 | 2 | 34 | 11 | -66 | -7 | -62 |
| CFO/OP | 140% | 50% | 111% | 62% | 29% | 45% | 3% |
Financials of M & B Engineering Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 81 | 64 | 49 | 64 | 71 | 69 |
| Inventory Days | 129 | 160 | 150 | 95 | 125 | 174 | 151 |
| Days Payable | 140 | 139 | 149 | 73 | 59 | 123 | 92 |
| Cash Conversion Cycle | 55 | 101 | 65 | 72 | 129 | 123 | 128 |
| Working Capital Days | 14 | 35 | 22 | 24 | 13 | 36 | 49 |
| ROCE % | 11% | 17% | 23% | 22% | 26% | 23% |
Guidance history
How M & B Engineering Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
10 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −43.6% | 9% |
| Last 6 months | −21.1% | 19% |
| Last 3 months | −10.8% | 43% |
The price is 49.1% below its all-time high of ₹514.25 (10 Nov 2025). Stocks more than 20% below their peak have their score halved, so 20 became 10.
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 M & B Engineering Ltd: 0.4 × 9 + 0.4 × 19 + 0.2 × 43 = 20, halved to 10 because the price is more than 20% below its all-time high.
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 30 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 M & B Engineering Ltd's management said in earlier quarters
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