M & B Engineering Ltd
Incorporated in 1981, M&B Engineering Ltd is a design-led engineering solutions provider.[1]
- Market Cap ₹ 1,721 Cr.
- Current Price ₹ 300
- High / Low ₹ 536 / 281
- Stock P/E 18.1
- Book Value ₹ 104
- Dividend Yield 0.00 %
- ROCE 26.1 %
- ROE 28.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 48.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 520 | 415 | 688 | 880 | 795 | 989 | 1,210 | |
| 483 | 388 | 643 | 814 | 715 | 862 | 1,064 | |
| Operating Profit | 37 | 27 | 45 | 67 | 80 | 127 | 145 |
| OPM % | 7% | 6% | 7% | 8% | 10% | 13% | 12% |
| 5 | 8 | 6 | 9 | 13 | 8 | 12 | |
| Interest | 17 | 16 | 19 | 19 | 23 | 20 | 20 |
| Depreciation | 9 | 9 | 10 | 10 | 9 | 13 | 15 |
| Profit before tax | 17 | 10 | 22 | 46 | 61 | 102 | 123 |
| Tax % | 36% | 42% | 30% | 28% | 25% | 25% | |
| 11 | 6 | 16 | 33 | 46 | 77 | 94 | |
| EPS in Rs | 5.36 | 2.95 | 9.69 | 16.48 | 9.17 | 15.41 | 17.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 58% |
| TTM: | 68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 24% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 105 | 125 | 161 | 183 | 257 | 538 |
| 114 | 114 | 100 | 149 | 205 | 191 | 114 | |
| 192 | 184 | 300 | 229 | 195 | 352 | 305 | |
| Total Liabilities | 426 | 423 | 544 | 559 | 633 | 849 | 1,014 |
| 68 | 70 | 69 | 79 | 77 | 176 | 178 | |
| CWIP | 1 | 4 | 2 | 2 | 66 | 2 | 1 |
| Investments | 3 | 2 | 4 | 5 | 7 | 5 | 5 |
| 355 | 348 | 470 | 473 | 483 | 666 | 830 | |
| Total Assets | 426 | 423 | 544 | 559 | 633 | 849 | 1,014 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 48 | 8 | 41 | 29 | 5 | 36 | |
| -4 | -9 | -13 | -12 | -62 | -34 | |
| 9 | -13 | -29 | 30 | 32 | -45 | |
| Net Cash Flow | 53 | -15 | -0 | 47 | -25 | -44 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 66 | 81 | 64 | 49 | 64 | 71 |
| Inventory Days | 129 | 160 | 150 | 95 | 125 | 174 |
| Days Payable | 140 | 139 | 149 | 73 | 59 | 123 |
| Cash Conversion Cycle | 55 | 101 | 65 | 72 | 129 | 123 |
| Working Capital Days | 14 | 35 | 22 | 24 | 13 | 36 |
| ROCE % | 11% | 17% | 23% | 22% | 26% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Consolidated Order Book INR Crore |
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| Gross Current Assets (GCA) Days Days |
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| Phenix Division (PEB) Sales Quantity Metric Tons |
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| Phenix Division Installed Capacity MTPA |
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| Proflex Division (Roofing) Sales Quantity Lakh Square Meters |
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| Proflex Division Installed Capacity Sq. m. per annum |
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| Proflex Mobile Manufacturing Units Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Mar - M & B Engineering Limited has informed about Schedule of meet
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
18 Feb - Promoters purchased 50,000 shares on 16 Feb 2026, raising holding to 70.54%.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Feb - M&B Engineering Limited has submitted to the Stock Exchange the newspaper publication in connection with Notice dated 9th February, 2026 of Postal Ballot
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
16 Feb - Postal ballot (17 Feb–18 Mar 2026) to ratify ESOP 2024; ceiling 750,000 options; 252,800 previously granted.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Feb - M&B Engineering Limited has informed the Stock Exchange regarding the transcript of Earnings Call for the Quarter ended 31st December, 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.