M & B Engineering Ltd
Incorporated in 1981, M&B Engineering Ltd is a design-led engineering solutions provider.[1]
- Market Cap ₹ 1,930 Cr.
- Current Price ₹ 338
- High / Low ₹ 536 / 291
- Stock P/E 21.9
- Book Value ₹ 104
- Dividend Yield 0.00 %
- ROCE 24.8 %
- ROE 26.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 46.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.8% over past five years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 520 | 413 | 687 | 859 | 787 | 909 | 1,061 | |
| 482 | 385 | 634 | 787 | 706 | 787 | 926 | |
| Operating Profit | 38 | 28 | 54 | 71 | 81 | 122 | 135 |
| OPM % | 7% | 7% | 8% | 8% | 10% | 13% | 13% |
| 5 | 8 | 6 | 9 | 14 | 9 | 13 | |
| Interest | 17 | 15 | 18 | 18 | 23 | 20 | 19 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 12 | 15 |
| Profit before tax | 17 | 12 | 33 | 52 | 63 | 99 | 114 |
| Tax % | 35% | 36% | 20% | 24% | 24% | 25% | |
| 11 | 8 | 26 | 40 | 48 | 74 | 88 | |
| EPS in Rs | 5.57 | 3.81 | 13.18 | 19.82 | 9.61 | 14.80 | 16.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 41% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 24% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 50 | 50 | 57 |
| Reserves | 100 | 108 | 134 | 175 | 191 | 264 | 540 |
| 114 | 104 | 92 | 141 | 204 | 191 | 114 | |
| 192 | 167 | 284 | 219 | 176 | 329 | 254 | |
| Total Liabilities | 427 | 398 | 530 | 555 | 622 | 834 | 964 |
| 68 | 63 | 63 | 79 | 77 | 175 | 178 | |
| CWIP | 1 | 3 | 1 | 1 | 66 | 2 | 1 |
| Investments | 3 | 7 | 9 | 5 | 20 | 19 | 18 |
| 356 | 326 | 457 | 470 | 458 | 638 | 767 | |
| Total Assets | 427 | 398 | 530 | 555 | 622 | 834 | 964 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 20 | 40 | 34 | -1 | 32 | ||
| -14 | -12 | -16 | -73 | -31 | ||
| -23 | -25 | 30 | 39 | -38 | ||
| Net Cash Flow | -17 | 2 | 47 | -34 | -37 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 66 | 78 | 66 | 50 | 56 | 66 |
| Inventory Days | 129 | 142 | 135 | 92 | 124 | 191 |
| Days Payable | 140 | 128 | 142 | 73 | 60 | 127 |
| Cash Conversion Cycle | 55 | 92 | 58 | 69 | 120 | 130 |
| Working Capital Days | 15 | 39 | 29 | 32 | 15 | 39 |
| ROCE % | 12% | 21% | 24% | 22% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - M&B Engineering Limited has informed the Stock Exchange regarding the transcript of Earnings Call for the Quarter ended 31st December, 2025
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11 Feb - Crisil monitoring report for quarter ended Dec 31, 2025: IPO gross proceeds Rs2,750mn; Rs1,429.04mn utilised; no deviations.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Feb - M&B Engineering Limited has informed about Copy of Newspaper Publication
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Feb - Audio of earnings call on Feb 9, 2026 for quarter ended Dec 31, 2025 posted; no unpublished price-sensitive information.
-
Statement Of Deviation / Variation For The Quarter Ended 31St December, 2025
9 Feb - No deviation in utilization of Rs.275 Crore IPO proceeds raised 04-08-2025; quarter ended 31-12-2025.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
Business Overview:[1][2]
M&BEL is a leading player in India’s Pre-Engineered Buildings (PEBs) sector, operating through two key divisions.