MarketFriction

McNally Bharat Engineering Company Ltd

NSE MBECL · BSE 532629 · Civil Construction
₹494.00 +2.00%
NSE close2026-10-01
52 week range213.00 - 484.32
Market cap₹1,583 Cr.
Insolvency Price band 2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales474040262722301518251515
Expenses595410131347582932130854822
Operating Profit-12-14-61-5-7-53-799-17-111-60-32-7
OPM %-26%-35%-150%-19%-25%-247%-2,628%-113%-602%-241%-212%-44%
Other Income1110155087-6603,919-0-27-15
Interest190198205264221230134213-30123
Depreciation111111111110
Profit before tax-192-203-252-220-220-277-999-2303,810-61-71-25
Tax %0%0%0%0%0%0%0%0%0%0%-3%0%
Net Profit-192-203-252-220-220-277-999-2303,810-61-69-25
EPS in Rs-9.07-9.58-11.90-10.41-10.41-13.07-299.69-69.081,143.05-18.37-20.74-7.58
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,6942,1721,6821,7397305024033941681057474
Expenses2,6922,5271,8322,2051,043496488703254963288284
Operating Profit1-356-149-466-3136-86-309-86-858-215-210
OPM %0.1%-16%-9%-27%-43%1.2%-21%-79%-51%-817%-292%-285%
Other Income473171531356230406847-13,8903,878
Interest38548958944711864631,94984185422513
Depreciation38453123181613103322
Profit before tax-375-572-617-802-388-44-121-2,201-883-1,7163,4473,652
Tax %0%-91%-24%-1%-0%0%-0%3%0%0%-0%
Net Profit-377-51-470-791-387-44-121-2,263-883-1,7163,4503,655
EPS in Rs-72.15-10.62-29.17-45.51-18.26-2.11-5.32-107.32-41.74-514.831,034.871,096.36
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-30%-32%-43%-21%
Compounded Profit Growth-2%%22%87%
Stock Price CAGR23%134%419%%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4151541581722122122122122123333
Reserves310-46145-126-41-204-259-385-3,536-4,419-5,925537
Borrowings1,8102,4973,0953,5642,3792,3972,3852,4053,1063,1073,09598
Other Liabilities2,0072,2312,2881,7371,1566834604672,3173,1003,967155
Total Liabilities4,1674,3195,4825,3343,6663,0882,7982,6992,0981,9991,170824
Fixed Assets3142863853601931991831541815156
CWIP954555555500
Investments2730211611111111
Other Assets3,8173,9985,0724,9533,4672,8832,6092,5392,0731,9781,154816
Total Assets4,1674,3195,4825,3343,6663,0882,7982,6992,0981,9991,170824
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-457-392-568-303359-18763-710-13-1742
Cash from Investing Activity135-25-226539047247-30-1-1517
Cash from Financing Activity329429595302-806120-48-336116-58
Net Cash Flow612664-57-19167-15-13-151
Free Cash Flow-428-404-568-309358-18963-5124-13-1742
CFO/OP-280%-30,691%155%205%-64%58%720%48%-0%15%2%-19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2312042953903657177919006981,6121,179825
Inventory Days80723556182672553072023260
Days Payable3273121,4761,4127715978599559161,0936,110
Cash Conversion Cycle-16-35-827-404-139375239146-216520-4,925825
Working Capital Days12-78-134-196-115-320-497-732-3,607-10,342-22,389217
ROCE %6%0%-3%-1%-11%-11%1%-1%-27%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters32.79%32.79%32.79%32.79%32.79%32.79%90.00%90.00%90.00%90.00%90.00%90.00%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.18%0.18%0.18%0.18%0.18%0.18%
DIIs0.04%1.17%1.14%1.14%1.14%1.14%4.55%4.55%4.55%4.55%4.55%4.55%
Public67.17%66.02%66.06%66.06%66.07%66.06%5.26%5.26%5.26%5.26%5.26%5.26%
No. of Shareholders23,07622,44022,70323,95125,15325,77219,54719,54719,54719,54719,54719,547

Fundamentals

Market Cap₹ 1,583 Cr.
Current Price₹ 475
Book Value₹ 171
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-21%
Compounded Profit Growth (TTM)87%
Consolidated figures.
Valuation
Market capRs 1,647 Cr
Enterprise valueRs 1,739 Cr
P/E (TTM)0.45x
Price to book2.88x
Price to sales22.36x
EV / EBITDA0.47x
EV / EBIT0.47x
EV / sales23.61x
Price to cash flow38.84x
Earnings yield221.94%
P/E, 3-year average0.00x
P/B, 3-year average-0.00x
P/E, 5-year average0.00x
P/B, 5-year average-0.13x
Profitability
Operating margin (excl. other income)-292.11%
Operating margin (incl. other income)4999.63%
EBITDA margin4979.40%
Pre-tax margin4959.02%
Net profit margin4962.04%
Net margin, latest quarter-167.91%
ROE-129.67%
ROA345.95%
ROE, 3-year average-24.08%
ROA, 3-year average64.85%
ROE, 5-year average31.95%
ROCE, 5-year average-13.78%
ROA, 5-year average19.16%
ROIC (approx.)553.01%
Tax rate-0.06%
Other income / net worth681.52%
Growth
Sales growth (latest year)-30.00%
Sales CAGR, 3 years-42.85%
Sales CAGR, 5 years-31.89%
Sales growth QoQ-1.18%
Sales growth YoY (latest quarter)0.87%
Per share
EPS (TTM)Rs 1,096.36
EPS (latest year)Rs 1,034.87
EPS (latest quarter)Rs -7.58
EPS, 3-year averageRs 159.43
EPS, 5-year averageRs 73.13
Book value per shareRs 171.23
Sales per shareRs 22.09
Cash flow per shareRs 12.72
Free cash flow per shareRs 12.60
Efficiency
Asset turnover0.09x
Fixed asset turnover11.40x
Debtor days825 days
Debtors turnover0.44x
Creditor days6110 days
Cash conversion cycle825 days
Working capital days217 days
Leverage
Total debtRs 98 Cr
Cash and bankRs 6 Cr
Net debtRs 92 Cr
Debt to equity0.17x
Net debt / EBITDA0.03x
Interest coverage286.56x
Current ratio (filing 2026-03-31)1.20x
Quick ratio (filing 2026-03-31)1.20x
Trade payables (filing 2026-03-31)Rs 28 Cr
Owners' fund to total sources69.29%
Debt to assets11.93%
Cash flow
Cash from Operating Activity (latest year)Rs 42 Cr
Cash from Investing Activity (latest year)Rs 17 Cr
Cash from Financing Activity (latest year)Rs -58 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 42 Cr
FCFE (approx.: FCF + change in debt)Rs -2,955 Cr
Sales to cash flow1.73x
Statement figures
Net sales (TTM)Rs 74 Cr
Net sales (latest year)Rs 74 Cr
Sales (latest quarter)Rs 15 Cr
Operating profit excl. other income (latest year)Rs -215 Cr
Operating profit (latest quarter)Rs -7 Cr
Other income (TTM)Rs 3,878 Cr
EBITDA (TTM)Rs 3,667 Cr
PBDT (TTM)Rs 3,655 Cr
Profit before tax (TTM)Rs 3,652 Cr
Tax (latest year)Rs -2 Cr
Net profit (TTM)Rs 3,655 Cr
Net profit (latest year)Rs 3,450 Cr
Net profit (latest quarter)Rs -25 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 74 Cr
Total expenditure (latest year)Rs 288 Cr
Total income (latest year)Rs 3,963 Cr
Share capitalRs 33 Cr
ReservesRs 537 Cr
Shareholders' fundsRs 571 Cr
Total assetsRs 824 Cr
Net blockRs 6 Cr
InvestmentsRs 1 Cr
ReceivablesRs 166 Cr
Other liabilitiesRs 155 Cr
Shares outstanding (crore)3.33
Ownership
Promoter holding90.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.88 is at the 78th percentile (median 2.00).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMBECLNifty 50Difference
1 week+10.4%-2.8% +13.2 pts
1 month+120.9%-6.8% +127.7 pts
3 months+10877.8%-7.6% +10885.4 pts
6 months+10321.9%+0.4% +10321.5 pts
1 year+9309.5%-9.9% +9319.4 pts
2 years+14014.3%-13.6% +14027.8 pts
3 years+14429.4%+14.2% +14415.2 pts
5 years+7059.4%+27.9% +7031.5 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 2% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 414% of total assets in 2026
lookProfit leans on other income Other income was 113% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: Insolvency
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹15 Cr +0.0% vs Jun 2025. Net loss ₹25 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-08-24Annual General Meeting
2022-08-29Annual General Meeting
2022-07-26Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-14 Annual General Meeting
2019-09-18 Annual General Meeting
2018-09-18 Annual General Meeting (Date Revised)
2017-09-12 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-16 Annual General Meeting
2014-07-17Annual General Meeting
2013-09-18Annual General Meeting/Dividend Re 1/- Per Equity Share
2012-09-13Annual General Meeting/Dividend Re 1 Per Share
2011-09-15Dividend-Rs.2/- Per Share
2010-09-22Annual General Meeting And Dividend Rs.1.50 Per Share
2009-11-12Agm/Div-Rs.1.25 Per Share
2008-09-08Agm/Dividend - 10%
2007-09-03Agm/Dividend - 10%
DateTypeWhat it says
2026-09-28Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-23Reply to Clarification- FinaThe Exchange had sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 ...
2026-09-08Clarification - Financial ReThe Exchange has sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 ...
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-28General UpdatesGeneral Updates - Intimation regarding Trading Approval received for 3,33,33,334 equity shares issued on preferential basis pursuant to Resolution Pla...
2026-08-24Change in ManagementChange in Management - Change in Designation of Director (Appointment as Non-executive Chairman of the Company)
2026-08-13Change in ManagementChange in Management - Resignation of the Chairman and Independent Director of the Company
2026-08-12General UpdatesGeneral Updates
2026-08-12Board meeting outcomeMcnally Bharat Engineering Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Disclosure of material issueMcnally Bharat Engineering Company Limited has informed regarding Disclosure of material issue
2026-07-27Board meeting outcomeAppointment of Chief Executive Officer - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-07-18ResignationResignation of Director/KMP/SMP
2026-07-10Reply to Clarification- FinaThe Exchange had sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 ...
2026-07-03UpdatesDisclosure by listed entities for defaults on payment of interest / repayment of principal amount on loans from banks / financial institutions and unl...
2026-06-25Clarification - Financial ReThe Exchange has sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 ...
2026-06-15UpdatesAnnouncement Under Regulation 30 of SEBI(LODR) - Update (Disclosure of NCLT Order dated 10th June 2026.
2026-06-05UpdatesSubmission of Resignation Letter - Resignation of Chief Financial Officer (CFO) - Disclosure of Information under Regulation 30 of SEBI (LODR) Regulat...
2026-05-28Board meeting outcomeMcnally Bharat Engineering Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-06UpdatesResignation of Chief Financial Officer (Key Managerial Personnel) of the Company.
2026-04-02UpdatesChange In Composition Of Committee Of The Board.
2026-04-02UpdatesDisclosure by listed entities for defaults on payment of interest / repayment of principal amount on loans from banks / financial institutions and unl...
2026-03-18General UpdatesGeneral Updates
2026-03-13Reply to Clarification- FinaThe Exchange had sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 ...
2026-03-11Clarification - Financial ReThe Exchange has sought clarification from Mcnally Bharat Engineering Company Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-13NCLTM/S. SUL STEEL PRIVATE LIMITED Vs M/S. MCNALLY BHARAT ENGINEERING CO. LIMITED
2021-01-29NCLTWPIL LIMITED Vs MCNALLY BHARAT ENGG CO LTD
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Insolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of McNally Bharat Engineering Company Ltd?

McNally Bharat Engineering Company Ltd (MBECL) has a market capitalisation of Rs 1,583 Cr. at the 2026-10-01 close.

What were McNally Bharat Engineering Company Ltd's latest quarterly results?

In the Jun 2026 quarter, McNally Bharat Engineering Company Ltd sales was Rs 15 Cr (+0.0% vs Jun 2025) with a net loss of Rs 25 Cr.

What is the 52-week high and low of McNally Bharat Engineering Company Ltd?

The 52-week high is Rs 484.32 and the 52-week low is Rs 213.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03