Price
Financials
Consolidated, Rs crore| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 140 | 207 | 328 | 314 | 238 | 307 | 352 | 364 | 291 |
| Expenses | 127 | 168 | 296 | 272 | 208 | 272 | 312 | 326 | 260 |
| Operating Profit | 13 | 39 | 33 | 42 | 29 | 34 | 40 | 38 | 31 |
| OPM % | 10% | 19% | 10% | 13% | 12% | 11% | 11% | 10% | 11% |
| Other Income | 3 | 2 | 1 | 2 | 4 | 2 | 3 | 5 | 5 |
| Interest | 5 | 5 | 4 | 5 | 6 | 4 | 4 | 3 | 3 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 9 | 32 | 26 | 35 | 24 | 29 | 35 | 36 | 29 |
| Tax % | 25% | 26% | 31% | 18% | 27% | 23% | 26% | 24% | 25% |
| Net Profit | 7 | 24 | 18 | 29 | 18 | 22 | 25 | 27 | 22 |
| EPS in Rs | 1.39 | 4.77 | 3.55 | 5.70 | 3.59 | 3.88 | 4.46 | 4.72 | 3.83 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 520 | 415 | 688 | 880 | 795 | 989 | 1,260 | 1,313 |
| Expenses | 483 | 388 | 643 | 814 | 715 | 862 | 1,118 | 1,170 |
| Operating Profit | 37 | 27 | 45 | 67 | 80 | 127 | 142 | 143 |
| OPM % | 7% | 6% | 7% | 8% | 10% | 13% | 11% | 11% |
| Other Income | 5 | 8 | 6 | 9 | 13 | 8 | 15 | 15 |
| Interest | 17 | 16 | 19 | 19 | 23 | 20 | 17 | 15 |
| Depreciation | 9 | 9 | 10 | 10 | 9 | 13 | 15 | 15 |
| Profit before tax | 17 | 10 | 22 | 46 | 61 | 102 | 124 | 128 |
| Tax % | 36% | 42% | 30% | 28% | 25% | 25% | 25% | |
| Net Profit | 11 | 6 | 16 | 33 | 46 | 77 | 93 | 97 |
| EPS in Rs | 5.36 | 2.95 | 9.69 | 16.48 | 9.17 | 15.41 | 16.21 | 16.89 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | 6% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 25% | 13% | 21% | ||
| Compounded Profit Growth | % | 74% | 42% | 11% | ||
| Stock Price CAGR | % | % | % | -36% | ||
| Return on Equity | % | 21% | 22% | 19% |
| 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 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 48 | 8 | 41 | 29 | 5 | 33 | -31 |
| Cash from Investing Activity | -4 | -9 | -13 | -12 | -62 | -32 | -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% | 43% | 3% |
| 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 | 197 | 175 |
| Days Payable | 140 | 139 | 149 | 73 | 59 | 137 | 107 |
| Cash Conversion Cycle | 55 | 101 | 65 | 72 | 129 | 131 | 137 |
| Working Capital Days | 14 | 35 | 22 | 24 | 13 | 37 | 49 |
| ROCE % | 11% | 17% | 23% | 22% | 26% | 23% |
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters | 70.45% | 70.45% | 70.54% | 70.61% |
| FIIs | 4.75% | 4.25% | 2.86% | 0.84% |
| DIIs | 13.46% | 10.24% | 9.72% | 9.64% |
| Public | 11.35% | 15.06% | 16.88% | 18.89% |
| No. of Shareholders | 31,622 | 33,487 | 33,996 | 33,955 |
Fundamentals
Market Cap₹ 1,436 Cr.
Current Price₹ 252
Stock P/E14.7
Book Value₹ 115
ROCE22.9 %
ROE19.4 %
Dividend Yield0.40 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 1,438 Cr
Enterprise valueRs 1,461 Cr
P/E (TTM)15.52x
Price to book7.94x
Price to sales1.14x
EV / EBITDA9.36x
EV / EBIT10.36x
EV / sales1.16x
Price to cash flow49.63x
Earnings yield6.44%
Profitability
Operating margin (excl. other income)7.55%
Operating margin (incl. other income)8.52%
EBITDA margin12.39%
Pre-tax margin9.81%
Net profit margin7.35%
Net margin, latest quarter7.42%
ROE20.25%
ROCE22.55%
ROA5.98%
ROE, 3-year average13.14%
ROCE, 3-year average16.79%
ROA, 3-year average3.79%
ROIC (approx.)49.95%
Tax rate27.63%
Other income / net worth4.71%
Growth
Sales growth (latest year)27.93%
Profit growth (latest year)70.12%
Sales CAGR, 3 years19.19%
Profit CAGR, 3 years45.38%
Sales growth QoQ3.47%
Profit growth QoQ5.92%
Sales growth YoY (latest quarter)15.96%
Profit growth YoY (latest quarter)-5.33%
Per share
EPS (TTM)Rs 16.22
EPS (latest year)Rs 16.48
EPS (latest quarter)Rs 4.73
EPS, 3-year averageRs 9.71
Book value per shareRs 31.71
Sales per shareRs 220.56
Cash flow per shareRs 5.07
Free cash flow per shareRs -10.86
Efficiency
Asset turnover1.58x
Fixed asset turnover11.17x
Inventory turnover3.86x
Inventory days94 days
Debtor days49 days
Debtors turnover7.39x
Creditor days107 days
Cash conversion cycle137 days
Working capital days49 days
Leverage
Total debtRs 149 Cr
Cash and bankRs 126 Cr
Net debtRs 23 Cr
Debt to equity0.82x
Net debt / EBITDA0.15x
Interest coverage8.09x
Current ratio (filing 2026-03-31)1.92x
Quick ratio (filing 2026-03-31)1.20x
Trade payables (filing 2026-03-31)Rs 214 Cr
Owners' fund to total sources32.41%
Debt to assets26.62%
Cash flow
Cash from Operating Activity (latest year)Rs 29 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs 30 Cr
Net Cash Flow (latest year)Rs 47 Cr
Free cash flow (latest year)Rs -62 Cr
FCFE (approx.: FCF + change in debt)Rs -13 Cr
Cash from ops / profit, 5 years0.29x
Sales to cash flow30.39x
Statement figures
Net sales (TTM)Rs 1,260 Cr
Net sales (latest year)Rs 880 Cr
Sales (latest quarter)Rs 364 Cr
Operating profit excl. other income (latest year)Rs 67 Cr
Operating profit (latest quarter)Rs 38 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 156 Cr
PBDT (TTM)Rs 139 Cr
Profit before tax (TTM)Rs 124 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 93 Cr
Net profit (latest year)Rs 33 Cr
Net profit (latest quarter)Rs 27 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 17 Cr
Cost of goods sold (latest year)Rs 675 Cr
Total expenditure (latest year)Rs 814 Cr
Total income (latest year)Rs 889 Cr
Share capitalRs 20 Cr
ReservesRs 161 Cr
Shareholders' fundsRs 181 Cr
Total assetsRs 559 Cr
Net blockRs 79 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 5 Cr
ReceivablesRs 119 Cr
InventoryRs 175 Cr
Other liabilitiesRs 229 Cr
Shares outstanding (crore)5.71
Ownership
Promoter holding70.61%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | MBEL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.6% | -2.8% | -1.8 pts |
| 1 month | -5.2% | -6.8% | +1.6 pts |
| 3 months | -22.6% | -7.6% | -15.0 pts |
| 6 months | +11.2% | +0.4% | +10.8 pts |
| 1 year | -37.3% | -9.9% | -27.4 pts |
7 mutual fund schemes hold about ₹93 Cr.
Over three months 4 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Aditya Birla SL Small Cap Fund | 0.43% | 27 | +2% |
| HDFC Manufacturing Fund | 0.24% | 26 | +10% |
| Kotak Infra & Eco Reform Fund | 0.68% | 17 | +9% |
| Kotak Infra & Eco Reform Fund | 0.68% | 16 | +9% |
| JM Value Fund | 0.49% | 4 | +30% |
| JM Small Cap Fund | 0.37% | 3 | -3% |
| Aditya Birla SL Retirement Fund-30 | 0.00% | 0 | -100% |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
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 2026Sales ₹291 Cr +22.3% vs Jun 2025.
Net profit ₹22 Cr +22.2%.
Against our estimate for Jun 2026: sales +9.5%, profit +13.6% in line. Our estimate for Sep 2026: sales Rs 366 Cr, profit Rs 27 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-10 | Dividend - Re 1 Per Share |
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.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of M & B Engineering Ltd?
M & B Engineering Ltd (MBEL) has a market capitalisation of Rs 1,436 Cr. at the 2026-10-01 close.
What is the P/E ratio of M & B Engineering Ltd?
M & B Engineering Ltd trades at a P/E of 14.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were M & B Engineering Ltd's latest quarterly results?
In the Jun 2026 quarter, M & B Engineering Ltd sales was Rs 291 Cr (+22.3% vs Jun 2025) and net profit was Rs 22 Cr.
What is the 52-week high and low of M & B Engineering Ltd?
The 52-week high is Rs 535.90 and the 52-week low is Rs 223.05.