Engineers India Ltd

Engineers India is a Government of India Enterprise under Ministry of Petroleum and Natural Gas. The Company operates into two major segments namely Consultancy & engineering projects and Turnkey projects.

Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 3.87%.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 59.30%
Cons:
Promoter's stake has decreased
The company has delivered a poor growth of -6.53% over past five years.
Company has a low return on equity of 12.31% for last 3 years.
Earnings include an other income of Rs.231.18 Cr.

Peer Comparison Sector: Infrastructure Developers & Operators // Industry: Engineering - Turnkey Services

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
339 325 443 375 429 473 510 573 681 577 613 735
245 244 389 294 290 339 452 487 590 482 519 595
Operating Profit 94 81 54 82 139 135 58 86 91 95 93 139
OPM % 28% 25% 12% 22% 32% 28% 11% 15% 13% 16% 15% 19%
Other Income 56 56 57 46 47 39 48 52 61 52 60 58
Interest 0 0 3 0 0 0 0 0 0 0 0 0
Depreciation 5 6 6 6 6 6 6 6 6 5 6 6
Profit before tax 145 131 102 121 179 168 99 133 147 141 147 192
Tax % 35% 35% 36% 33% 34% 36% 31% 35% 33% 36% 35% 35%
Net Profit 94 85 66 81 119 108 69 87 98 91 95 124
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
570 738 1,532 1,994 2,823 3,699 2,506 1,824 1,713 1,511 1,449 1,788 2,606
465 568 1,220 1,501 2,180 2,993 1,919 1,342 1,497 1,312 1,144 1,373 2,187
Operating Profit 104 169 312 493 643 706 587 482 216 199 304 414 419
OPM % 18% 23% 20% 25% 23% 19% 23% 26% 13% 13% 21% 23% 16%
Other Income 109 139 221 184 160 232 316 232 273 248 224 179 231
Interest 2 2 2 3 4 4 1 1 2 2 5 2 1
Depreciation 8 10 11 13 15 19 11 15 20 25 23 24 23
Profit before tax 203 296 520 660 784 915 891 698 468 420 500 568 626
Tax % 33% 34% 34% 34% 33% 30% 29% 31% 34% 34% 35% 33%
Net Profit 137 196 345 436 523 636 629 480 308 276 325 378 408
EPS in Rs 1.91 2.76 4.86 4.97 7.36 8.96 8.84 6.58 4.08 4.10 4.82 5.98
Dividend Payout % 39% 32% 30% 137% 32% 32% 32% 46% 55% 49% 62% 67%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.25%
5 Years:-6.53%
3 Years:1.43%
TTM:31.24%
Compounded Profit Growth
10 Years:6.77%
5 Years:-8.88%
3 Years:11.98%
TTM:6.38%
Return on Equity
10 Years:20.73%
5 Years:13.28%
3 Years:12.31%
Last Year:14.98%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
56 56 56 56 168 168 168 168 168 168 337 316 316
Reserves 972 1,094 1,319 1,059 1,274 1,676 2,069 2,293 2,399 2,589 2,439 1,952 1,960
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0 0
667 965 1,617 1,726 2,034 1,904 1,611 1,292 1,359 1,356 1,569 2,185 2,409
Total Liabilities 1,696 2,115 2,993 2,841 3,477 3,748 3,848 3,754 3,927 4,113 4,345 4,453 4,684
38 47 55 60 60 53 50 118 270 240 270 255 264
CWIP 7 5 9 12 13 52 136 132 19 24 56 52 34
Investments 137 147 154 101 512 635 653 737 140 75 532 244 320
1,513 1,916 2,776 2,668 2,891 3,008 3,009 2,768 3,498 3,773 3,487 3,902 4,067
Total Assets 1,696 2,115 2,993 2,841 3,477 3,748 3,848 3,754 3,927 4,113 4,345 4,453 4,684

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
190 308 587 356 493 107 344 83 60 87 231 587
56 69 130 207 -342 69 -68 169 183 71 201 170
-54 -66 -75 -692 -134 -234 -273 -256 -239 -161 -283 -891
Net Cash Flow 192 311 642 -130 17 -59 2 -4 3 -4 149 -133

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 21% 27% 41% 52% 62% 53% 42% 28% 16% 16% 18% 23%
Debtor Days 127 87 71 58 40 30 48 69 91 88 97 111
Inventory Turnover 36.63 30.75 46.94 52.08 128.16 4,377.30 3,056.06 2,003.95 1,892.82 1,660.45 1,406.45 1,662.87