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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Engineers India Ltd

About the Company - Engineers India Ltd

Engineers India Ltd. is a Public Limited Listed company incorporated on 15/03/1965 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1965GOI004352 and registration number is 004352. Currently Company is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company’s Total Operating Revenue is Rs. 2870.40 Cr. and Equity Capital is Rs. 281.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - GeneralEngineers India House, New Delhi Delhi 110066eil.mktg@eil.co.in
http://www.engineersindia.com
Management
NamePosition Held
Ms. Vartika ShuklaChairman & Managing Director
Mr. Sanjay JindalDirector - Finance
Mr. A K KalraDirector - Human Resources
Mr. Atul GuptaDirector - Commercial
Mr. Rajiv AgarwalDirector - Technical
Mr. Rajeev GuptaDirector - Projects
Mr. Rohit MathurNon Exe. & Nominee Director
Mr. Deepak MhaskeyNon Official Independent Director
Mr. Jai Prakash TomarNon Official Independent Director
Mr. Ravi Shanker Prasad SinghNon Official Independent Director
Mr. Harishkumar Madhusudan JoshiNon Official Independent Director
Dr. Prashant Vasantrao PatilNon Official Independent Director
Mrs. Karuna GopalNon Official Independent Director

Basic Stock Data of Engineers India Ltd

Last Updated: May 22, 2024, 4:50 pm

Market Cap 15,130 Cr.
Current Price 269
High / Low277/100.0
Stock P/E29.1
Book Value 38.5
Dividend Yield1.11 %
ROCE23.7 %
ROE18.4 %
Face Value 5.00
PEG Ratio4.39

Data Source: screener.in

Engineers India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6928451,132746657692818815793842880818790
Expenses613768961640595626708768748792713747691
Operating Profit797717110662671104745501677199
OPM %11%9%15%14%9%10%13%6%6%6%19%9%12%
Other Income5049-11523253943286526459444
Interest0020000000010
Depreciation6575585577788
Profit before tax1221204612481971476910369204156134
Tax %26%25%32%26%30%27%17%26%17%27%23%25%24%
Net Profit8888253174179657516190139127
EPS in Rs1.401.390.440.050.300.721.411.151.340.293.382.472.27

Engineers India Ltd Quarterly Chart

Engineers India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,7232,5291,8461,7411,5411,4801,8242,4763,2373,1442,9133,3303,356
Expenses3,0051,9301,3551,5071,3311,1631,3952,0992,7812,7922,5673,0202,969
Operating Profit718599491234210316429377455352346310387
OPM %19%24%27%13%14%21%24%15%14%11%12%9%12%
Other Income23231222926524722217622225534130164213
Interest4112252346333
Depreciation20111520252324222424242631
Profit before tax927898704477430511579574683356449446565
Tax %31%30%31%34%35%35%34%35%36%27%24%23%
Net Profit644632483313278330383368424249140346520
EPS in Rs9.559.387.164.644.134.906.075.836.714.432.486.169.25
Dividend Payout %31%32%45%54%48%61%66%69%77%45%121%49%

Engineers India Ltd Profit & Loss Yearly Chart

Engineers India Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:13%
3 Years:1%
TTM:3%
Compounded Profit Growth
10 Years:-6%
5 Years:-2%
3 Years:-7%
TTM:121%
Stock Price CAGR
10 Years:6%
5 Years:19%
3 Years:49%
1 Year:169%
Return on Equity
10 Years:14%
5 Years:15%
3 Years:14%
Last Year:18%

Last Updated: May 14, 2024, 11:11 am

Engineers India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital168168168168168337316316316281281281281
Reserves1,7302,1272,3532,4632,6532,5082,0252,0292,0901,4701,4891,6801,881
Borrowings000000005441923
Other Liabilities1,9051,6121,2951,3561,3421,5512,1732,4162,6852,6872,4042,4082,333
Total Liabilities3,8043,9073,8173,9884,1644,3964,5144,7615,0964,4414,1774,3884,518
Fixed Assets5654121272242272257248274263263277289
CWIP5213613219245652523172625
Investments629647732138755332423154611,3241,0881,1791,228
Other Assets3,0673,0712,8323,5593,8223,5353,9634,1464,3592,8532,8212,9062,976
Total Assets3,8043,9073,8173,9884,1644,3964,5144,7615,0964,4414,1774,3884,518

Engineers India Ltd Reserves and Borrowings Chart

Engineers India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11434285658823659954937617148-113
Cash from Investing Activity 69-6616717470197165-4-22977661322
Cash from Financing Activity -235-274-256-240-162-284-892-362-334-904-149-176
Net Cash Flow-522-4-1-4150-129183-18843-3934

Engineers India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3150709289981126377624840
Inventory Days
Days Payable
Cash Conversion Cycle3150709289981126377624840
Working Capital Days-76-100-107-100-117-164-215-198-164-186-179-124
ROCE %53%41%28%16%16%18%22%25%29%25%25%24%

Engineers India Ltd Financial Efficiency Indicators Chart

Engineers India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.32%51.32%51.32%51.32%51.32%51.32%51.32%51.32%51.32%51.32%51.32%51.32%
FIIs6.34%6.03%6.11%6.74%7.11%7.58%7.84%7.96%7.70%7.88%7.60%7.01%
DIIs14.44%12.78%12.58%13.05%12.62%13.08%14.10%15.81%18.46%17.18%15.51%13.60%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public27.89%29.87%29.99%28.89%28.95%28.02%26.74%24.90%22.51%23.60%25.54%28.05%
No. of Shareholders2,94,1592,92,5232,95,6162,92,1912,90,3542,82,6162,66,2672,58,3262,41,8202,75,9902,88,4613,85,950

Engineers India Ltd Shareholding Pattern Chart

No. of Engineers India Ltd Shareholders

Engineers India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund164346041.72203.3
DSP Flexi Cap Fund78995121.197.72
DSP Equity & Bond Fund53489530.8366.17
DSP Tiger Fund48347972.4359.81
Tata Equity P/E Fund - Regular Plan30640000.6337.9
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%30640000.6337.9
Quant Small Cap Fund27500000.3634.02
SBI Small Cap Fund19518890.1124.14
DSP Dynamic Asset Allocation Fund16924160.6620.94
Mahindra Manulife Multi Cap Fund15000000.8418.56

Engineers India Ltd ROCE Trend

Engineers India Ltd EPS Trend

Engineers India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)6.162.483.996.715.85
Diluted EPS (Rs.)6.162.483.996.715.85
Cash EPS (Rs.)6.586.525.077.256.26
Book Value[Excl.RevalReserv]/Share (Rs.)34.9031.4931.1538.0837.15
Book Value[Incl.RevalReserv]/Share (Rs.)34.9031.4931.1538.0837.15
Revenue From Operations / Share (Rs.)59.2551.8255.9451.2239.18
PBDIT / Share (Rs.)8.418.439.5811.229.46
PBIT / Share (Rs.)7.958.019.1610.849.11
PBT / Share (Rs.)7.938.006.3410.819.09
Net Profit / Share (Rs.)6.126.104.656.875.90
NP After MI And SOA / Share (Rs.)6.162.484.436.715.85
PBDIT Margin (%)14.1916.2717.1321.8924.15
PBIT Margin (%)13.4215.4616.3721.1523.24
PBT Margin (%)13.3715.4311.3321.1023.19
Net Profit Margin (%)10.3311.778.3113.4015.06
NP After MI And SOA Margin (%)10.394.787.9113.0914.92
Return on Networth / Equity (%)17.657.8814.2117.6115.74
Return on Capital Employeed (%)22.4625.2429.1528.2124.37
Return On Assets (%)7.893.335.608.317.75
Asset Turnover Ratio (%)0.750.650.650.650.53
Current Ratio (X)1.041.020.971.511.59
Quick Ratio (X)1.041.010.971.511.59
Dividend Payout Ratio (NP) (%)48.69104.7370.9678.1997.91
Dividend Payout Ratio (CP) (%)45.3389.5664.8073.9992.29
Earning Retention Ratio (%)51.31-4.7329.0421.812.09
Cash Earning Retention Ratio (%)54.6710.4435.2026.017.71
Interest Coverage Ratio (X)314.41496.28145.96406.24485.31
Interest Coverage Ratio (Post Tax) (X)229.96359.97113.84249.67303.69
Enterprise Value (Cr.)3085.242214.273008.931017.134677.82
EV / Net Operating Revenue (X)0.920.760.950.311.89
EV / EBITDA (X)6.534.675.591.447.82
MarketCap / Net Operating Revenue (X)1.261.231.381.172.99
Retention Ratios (%)51.30-4.7329.0321.802.08
Price / BV (X)2.132.032.471.583.15
Price / Net Operating Revenue (X)1.261.231.381.172.99
EarningsYield0.080.030.050.110.04

Engineers India Ltd Profitability Ratios (%)

Engineers India Ltd Liquidity Ratios

Engineers India Ltd Liquidity Ratios (%)

Engineers India Ltd Interest Coverage Ratios (%)

Engineers India Ltd Valuation Ratios

Fair Value

Fair Value: ₹208.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 22.52% compared to the current price ₹269

Intrinsic Value: ₹222.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 17.38% compared to the current price ₹269

Last 5 Year EPS CAGR: 6.63%

*Investments are subject to market risks

Strength and Weakness of Engineers India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 26.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -144.17, which is a positive sign.
  3. The company has higher reserves (2,038.31 cr) compared to borrowings (4.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.00 cr) and profit (584.54 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 69.33, which may not be favorable.

FAQ

What is the latest fair value of Engineers India Ltd?

The latest fair value of Engineers India Ltd is ₹208.43.

What is the Market Cap of Engineers India Ltd?

The Market Cap of Engineers India Ltd is 15,130 Cr..

What is the current Stock Price of Engineers India Ltd as on 22 May 2024?

The current stock price of Engineers India Ltd as on 22 May 2024 is ₹269.

What is the High / Low of Engineers India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Engineers India Ltd stocks is ₹277/100.0.

What is the Stock P/E of Engineers India Ltd?

The Stock P/E of Engineers India Ltd is 29.1.

What is the Book Value of Engineers India Ltd?

The Book Value of Engineers India Ltd is 38.5.

What is the Dividend Yield of Engineers India Ltd?

The Dividend Yield of Engineers India Ltd is 1.11 %.

What is the ROCE of Engineers India Ltd?

The ROCE of Engineers India Ltd is 23.7 %.

What is the ROE of Engineers India Ltd?

The ROE of Engineers India Ltd is 18.4 %.

What is the Face Value of Engineers India Ltd?

The Face Value of Engineers India Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Engineers India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE