Expo Engineering and Projects Ltd

Expo Engineering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Expo Engineering and Projects Ltd

₹ 60.4 -3.39%
13 May - close price
expogas.com BSE: 526614
About

Incorporated in 1982, Expo Gas Ltd manufactures Pressure Vessels, Columns & Towers, etc and is also involved in site engineering projects[1]

Key Points

Business Overview[1]
The company manufactures a wide range of process plant equipment, including high-pressure vessels, heat exchangers, reactors, columns, and custom-built fabrications. It offers end-to-end engineering solutions covering design, manufacturing, fabrication, and on-site installation.

Website BSE
  • Market Cap ₹ 138 Cr.
  • Current Price ₹ 60.4
  • High / Low ₹ 111 / 46.4
  • Stock P/E 79.1
  • Book Value ₹ 17.2
  • Dividend Yield 0.00 %
  • ROCE 9.08 %
  • ROE 4.89 %
  • Face Value ₹ 4.00
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Pros

Cons

  • Stock is trading at 3.50 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.21% over past five years.
  • Company has a low return on equity of 6.91% over last 3 years.
  • Debtor days have increased from 53.9 to 73.2 days.
  • Promoter holding has decreased over last 3 years: -10.5%
  • Working capital days have increased from 101 days to 142 days

* 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.

Peer comparison

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Quarterly Results

Figures in Rs. Crores

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
31.05 18.55 15.96 14.96 26.23 17.71 31.90 25.31 39.83 17.85 15.00 18.10 17.28
33.23 17.05 14.61 13.36 24.95 16.31 30.11 23.51 36.48 15.94 13.00 16.57 16.40
Operating Profit -2.18 1.50 1.35 1.60 1.28 1.40 1.79 1.80 3.35 1.91 2.00 1.53 0.88
OPM % -7.02% 8.09% 8.46% 10.70% 4.88% 7.91% 5.61% 7.11% 8.41% 10.70% 13.33% 8.45% 5.09%
0.11 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.17
Interest 1.00 1.03 0.97 1.19 1.21 1.00 1.01 0.95 0.95 0.76 1.05 0.91 0.98
Depreciation 0.09 0.12 0.12 0.12 0.09 0.11 0.12 0.18 0.05 0.11 0.10 0.11 0.07
Profit before tax -3.16 0.35 0.26 0.29 0.11 0.29 0.66 0.67 2.50 1.04 0.85 0.51 0.00
Tax % -3.16% 0.00% 0.00% 0.00% 236.36% 0.00% 0.00% 0.00% 37.60% 0.00% 0.00% 0.00%
-3.05 0.35 0.27 0.29 -0.16 0.29 0.66 0.67 1.57 1.04 0.85 0.51 -0.66
EPS in Rs -1.60 0.18 0.14 0.15 -0.08 0.13 0.29 0.29 0.69 0.46 0.37 0.22 -0.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
60.28 44.50 36.15 50.03 60.06 49.12 48.17 72.64 80.22 75.70 114.74 68.23
52.47 40.79 31.48 44.27 54.22 44.86 43.11 67.44 73.81 69.93 106.40 61.91
Operating Profit 7.81 3.71 4.67 5.76 5.84 4.26 5.06 5.20 6.41 5.77 8.34 6.32
OPM % 12.96% 8.34% 12.92% 11.51% 9.72% 8.67% 10.50% 7.16% 7.99% 7.62% 7.27% 9.26%
0.12 3.06 1.07 0.12 0.04 1.44 0.14 0.46 -3.70 0.09 0.15 0.18
Interest 4.40 4.99 4.28 4.18 3.99 4.42 4.04 4.00 4.56 4.40 3.91 3.71
Depreciation 0.74 0.62 0.64 0.65 0.64 0.61 0.56 0.53 0.46 0.44 0.46 0.38
Profit before tax 2.79 1.16 0.82 1.05 1.25 0.67 0.60 1.13 -2.31 1.02 4.12 2.41
Tax % 31.18% 50.86% 86.59% 91.43% 20.00% 47.76% 503.33% 46.90% -4.33% 25.49% 22.82% 27.80%
1.93 0.56 0.11 0.09 1.00 0.36 -2.42 0.60 -2.21 0.76 3.18 1.74
EPS in Rs 1.01 0.29 0.06 0.05 0.53 0.19 -1.27 0.32 -1.16 0.40 1.39 0.76
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: -5%
TTM: -41%
Compounded Profit Growth
10 Years: 12%
5 Years: 22%
3 Years: 2%
TTM: -45%
Stock Price CAGR
10 Years: 22%
5 Years: 59%
3 Years: 70%
1 Year: -3%
Return on Equity
10 Years: 3%
5 Years: 6%
3 Years: 7%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

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 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 9.12 9.12
Reserves 14.46 15.03 15.13 15.22 16.23 16.58 14.17 14.72 12.73 13.58 22.72 30.16
23.02 26.27 26.86 29.63 32.34 38.00 40.45 41.08 41.42 40.92 31.13 32.63
9.21 10.69 9.56 12.59 10.16 14.36 12.82 17.07 18.25 16.73 18.95 15.08
Total Liabilities 54.30 59.60 59.16 65.05 66.34 76.55 75.05 80.48 80.01 78.84 81.92 86.99
7.17 7.13 6.50 5.98 5.35 4.98 4.43 3.93 3.51 3.14 4.90 5.19
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
47.13 52.47 52.66 59.07 60.99 71.57 70.62 76.55 76.50 75.70 77.02 81.80
Total Assets 54.30 59.60 59.16 65.05 66.34 76.55 75.05 80.48 80.01 78.84 81.92 86.99

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0.19 -1.31 -2.19 -0.91 -4.85 -5.74 -2.41 -0.58 0.20 1.06 5.46 -6.41
-0.13 -0.58 -0.01 -0.13 0.00 -0.24 -0.01 -0.03 -0.04 -0.08 -2.22 -0.67
0.87 3.25 0.60 2.76 2.70 5.66 2.44 0.64 0.34 -0.50 -2.27 7.00
Net Cash Flow 0.56 1.35 -1.60 1.72 -2.15 -0.32 0.03 0.02 0.50 0.48 0.97 -0.08
Free Cash Flow -0.32 -1.89 -2.20 -1.04 -4.85 -5.98 -2.42 -0.61 0.16 0.98 3.24 -7.08
CFO/OP 5% -29% -36% -2% -76% -129% -43% 3% 3% 22% 77% -101%

Ratios

Figures in Rs. Crores

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 93.91 122.79 161.15 129.35 122.27 139.10 108.81 69.04 29.30 23.39 65.18 73.24
Inventory Days 2,167.51 1,218.09 1,153.23 472.06 427.58 525.34 488.26 628.20 681.21 788.09 366.89 1,105.84
Days Payable 690.13 365.48 290.70 146.81 89.67 196.80 80.07 166.45 132.15 84.94 100.13 160.38
Cash Conversion Cycle 1,571.30 975.40 1,023.67 454.60 460.18 467.64 517.00 530.79 578.37 726.53 331.94 1,018.70
Working Capital Days 106.08 152.07 205.17 167.00 165.00 215.79 81.38 53.56 69.98 80.33 79.05 142.19
ROCE % 16.45% 13.09% 10.35% 10.25% 9.65% 8.60% 7.46% 8.17% 9.71% 8.82% 12.84% 9.08%

Insights

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Order Book
Rs. Cr
Revenue Contribution - Storage Tanks
%
Revenue Contribution - Vessels/Process Equipment
%
Gross Current Assets Days
Days
Number of Active Projects
Projects
Number of Employees (Permanent)
Employees

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.41% 67.41% 67.41% 67.41% 56.95% 56.95% 56.95% 56.95% 56.95% 56.95% 56.95% 56.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.41% 3.41% 3.41% 3.70%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.20% 2.98% 3.15% 3.28%
32.58% 32.59% 32.60% 32.60% 43.06% 43.06% 43.06% 43.04% 37.44% 36.66% 36.49% 36.09%
No. of Shareholders 8,9749,2089,0588,8959,0839,3939,1789,2099,9659,6299,4999,300

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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