Engineers India

₹186.1 -0 | 0%

WEBSITE BSE:532178 NSE : ENGINRS.(I) 26 Dec, 16:01

Market Cap ₹10457 Cr.

Stock P/E 29.0

P/B 4.4

Current Price ₹186.1

Book Value ₹ 42.4

Face Value 5

52W High ₹304

Dividend Yield 1.61%

52W Low ₹ 161.6

Edit Ratio

Engineers India Research see more...

Overview Inc. Year: 1965Industry: Engineering

Engineers India Ltd (EIL) is an engineering consultancy, and engineering, procurement and construction (EPC) corporation inside the hydrocarbons and petrochemicals industry. The Company's segments are Consultancy & Engineering Projects, and Turnkey Projects. Its offerings consist of technologies, pre-Front End Engineering Design (FEED) and FEED, project management, procurement services, construction offerings and specialised offerings. The Company makes a speciality of various sectors, which includes fertilizer and LNG, non-ferrous metallurgy, infrastructure, strategic crude oil storage, nuclear and solar energy, and exploration and manufacturing. It gives diverse technology for petroleum refining, oil and gas processing, and aromatics. The Company's initiatives include Panipat Naphtha Cracker Project, Dabhol Bangalore Pipeline Project, Phase II Expansion of Alumina Refinery, Guru Gobind Singh Refinery Project, Bina Refinery Project, and Deen Dayal Field Development Project.

Engineers India Share Price

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Peer Comparison

Engineers India Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	815	793	842	880	818	790	868	805	624	689
Other Income	28	65	26	45	94	44	31	51	39	47
Total Income	843	858	869	925	912	834	898	856	663	736
Total Expenditure	768	748	792	713	747	691	818	728	573	627
Operating Profit	75	110	76	212	165	142	81	129	90	109
Interest	0	0	0	0	1	0	1	1	1	1
Depreciation	5	7	7	7	8	8	8	11	10	10
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	69	103	69	204	156	134	71	117	79	99
Provision for Tax	18	18	18	47	40	32	19	27	20	22
Profit After Tax	51	85	51	157	116	101	53	90	59	77
Adjustments	13	-10	-34	33	23	26	11	26	33	23
Profit After Adjustments	65	75	16	190	139	127	63	116	92	100
Adjusted Earnings Per Share	1.2	1.3	0.3	3.4	2.5	2.3	1.1	2.1	1.6	1.8

Engineers India Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1907	1747	1538	1473	1830	2477	3237	3144	2912	3328	3282	2986
Other Income	295	273	308	248	180	226	263	189	152	204	237	168
Total Income	2202	2020	1846	1722	2010	2703	3501	3333	3064	3532	3519	3153
Total Expenditure	1481	1521	1388	1183	1405	2103	2790	2793	2588	3058	3001	2746
Operating Profit	720	499	457	539	605	599	711	541	476	474	518	409
Interest	1	2	2	5	2	3	4	6	3	3	5	4
Depreciation	15	20	25	23	24	22	24	24	24	26	35	39
Exceptional Income / Expenses	0	0	0	0	0	0	0	-155	0	0	0	0
Profit Before Tax	704	477	430	511	579	574	683	356	449	446	478	366
Provision for Tax	221	164	149	181	196	201	249	95	107	101	118	88
Profit After Tax	483	313	281	330	383	373	434	261	343	344	360	279
Adjustments	0	0	-3	-0	-0	-4	-10	-13	-203	2	85	93
Profit After Adjustments	483	313	278	330	383	368	424	249	140	346	445	371
Adjusted Earnings Per Share	7.2	4.6	4.1	4.9	6.1	5.8	6.7	4.4	2.5	6.2	7.9	6.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	1%	6%	6%
Operating Profit CAGR	9%	-1%	-3%	-3%
PAT CAGR	5%	11%	-1%	-3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	15%	39%	13%	5%
ROE Average	17%	18%	17%	16%
ROCE Average	23%	24%	24%	23%

Engineers India Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2522	2632	2822	2845	2341	2344	2406	1751	1770	1962	2255
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	415	309	191	56	-266	370	180	333	184	-71	-52
Total Current Liabilities	1461	1470	1442	1688	2713	2403	2880	2812	2396	2402	2444
Total Liabilities	4398	4410	4455	4589	4788	5117	5466	4896	4350	4292	4647
Fixed Assets	121	272	242	235	228	220	235	231	231	248	267
Other Non-Current Assets	824	603	587	590	357	1072	978	1926	1685	1539	1682
Total Current Assets	3453	3535	3625	3763	4202	3825	4253	2739	2434	2505	2698
Total Assets	4398	4410	4455	4589	4788	5117	5466	4896	4350	4292	4647

Engineers India Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	20	16	13	9	159	30	214	26	69	30	63
Cash Flow from Operating Activities	85	65	88	236	599	549	376	171	48	-113	222
Cash Flow from Investing Activities	167	174	70	197	165	-4	-229	776	61	322	145
Cash Flow from Financing Activities	-256	-240	-162	-284	-892	-362	-334	-904	-149	-176	-180
Net Cash Inflow / Outflow	-4	-1	-4	150	-129	183	-188	43	-39	34	187
Closing Cash & Cash Equivalent	16	15	9	159	30	214	26	69	30	63	251

Engineers India Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	7.16	4.64	4.13	4.9	6.07	5.83	6.71	4.43	2.48	6.16	7.92
CEPS(Rs)	7.38	4.94	4.55	5.24	6.45	6.26	7.25	5.07	6.52	6.58	7.03
DPS(Rs)	3.25	2.5	2	3	4	4	5.15	2	3	3	3
Book NAV/Share(Rs)	37.42	39.05	41.88	42.22	37.05	37.1	38.08	31.15	31.49	34.9	40.13
Core EBITDA Margin(%)	22.33	12.94	9.72	19.72	23.25	15.09	13.82	11.19	11.13	8.13	8.57
EBIT Margin(%)	36.99	27.41	28.1	35.02	31.75	23.3	21.21	11.52	15.53	13.48	14.72
Pre Tax Margin(%)	36.92	27.3	27.97	34.67	31.64	23.18	21.1	11.33	15.43	13.39	14.57
PAT Margin (%)	25.31	17.9	18.3	22.41	20.95	15.06	13.4	8.32	11.78	10.34	10.97
Cash Profit Margin (%)	26.09	19.05	19.93	23.95	22.26	15.97	14.14	9.07	12.59	11.12	12.04
ROA(%)	10.75	7.1	6.35	7.3	8.18	7.53	8.2	5.05	7.42	7.97	8.06
ROE(%)	20.04	12.14	10.32	11.65	14.78	15.92	18.27	12.58	19.48	18.45	17.08
ROCE(%)	29.29	18.58	15.85	18.21	22.41	24.63	28.91	17.42	25.69	24.04	22.92
Receivable days	66.76	82.76	96.72	96	95.79	72.86	62.41	70.39	57.56	41.32	39.1
Inventory Days	7.21	0.92	0.68	1.87	1.58	1.11	0.9	0.75	0.58	0.61	0.55
Payable days	454.71	373.25	224.04	1371.31	761.3	137.54	202.2	241.85	359.4	190.14	297.79
PER(x)	15.7	20.93	20.61	29.48	26.06	20.07	8.95	17.4	25.78	12.08	25.49
Price/Book(x)	3.01	2.49	2.03	3.42	4.27	3.15	1.58	2.47	2.03	2.13	5.03
Dividend Yield(%)	2.89	2.57	2.35	2.08	2.53	3.42	8.58	2.6	4.69	4.03	1.49
EV/Net Sales(x)	3.02	2.36	2	5	4.07	1.89	0.31	0.96	0.76	0.93	3.09
EV/Core EBITDA(x)	8.01	8.27	6.72	13.68	12.32	7.8	1.43	5.56	4.65	6.51	19.55
Net Sales Growth(%)	-22.96	-8.38	-11.99	-4.19	24.21	35.34	30.71	-2.87	-7.39	14.29	-1.38
EBIT Growth(%)	-21.6	-32.11	-9.77	19.42	12.6	-0.7	19.02	-47.27	24.89	-0.82	7.74
PAT Growth(%)	-23.64	-35.22	-10	17.33	16.09	-2.71	16.34	-39.74	31.15	0.39	4.63
EPS Growth(%)	-23.64	-35.22	-11	18.57	23.87	-3.88	15.03	-33.97	-43.95	148.18	28.59
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	2.36	2.41	2.51	2.23	1.55	1.59	1.48	0.97	1.02	1.04	1.1
Quick Ratio(x)	2.36	2.4	2.51	2.22	1.55	1.59	1.47	0.97	1.01	1.04	1.1
Interest Cover(x)	502.64	242.74	219.71	99.24	296.09	209.14	184.37	62.76	164.36	149.1	96.03
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Engineers India Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32	51.32
FII	7.11	7.57	7.83	7.96	7.7	7.89	7.6	7	7.26	7.32
DII	12.62	13.08	14.1	15.81	18.45	17.19	15.52	13.6	13.91	11.02
Public	28.95	28.03	26.75	24.91	22.52	23.61	25.55	28.07	27.51	30.34
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	28.85	28.85	28.85	28.85	28.85	28.85	28.85	28.85	28.85	28.85
FII	4	4.26	4.4	4.47	4.33	4.43	4.27	3.94	4.08	4.11
DII	7.09	7.35	7.92	8.89	10.37	9.66	8.72	7.64	7.82	6.2
Public	16.27	15.75	15.03	14	12.66	13.27	14.36	15.78	15.46	17.05
Others	0	0	0	0	0	0	0	0	0	0
Total	56.2	56.2	56.2	56.2	56.2	56.2	56.2	56.2	56.2	56.2

Pros

Company is almost debt free.

Cons

Debtor days have increased from 190.14 to 297.79days.
Stock is trading at 4.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.