Engineers India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 27, 2025, 1:02 am

Market Cap	10,081 Cr.
Current Price	179
High / Low	304/142
Stock P/E	24.3
Book Value	42.4
Dividend Yield	1.67 %
ROCE	22.2 %
ROE	20.8 %
Face Value	5.00
PEG Ratio	2.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Engineers India Ltd

Competitors of Engineers India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Miven Machine Tools Ltd	26.1 Cr.	86.9	126/67.0		17.8	0.00 %	%	%	10.0
Incon Engineers Ltd	6.94 Cr.	16.0	24.8/10.9		0.44	0.00 %	72.7 %	162 %	10.0
Hittco Tools Ltd	7.55 Cr.	12.2	16.0/9.64		4.30	0.00 %	7.27 %	5.66 %	10.0
Harshil Agrotech Ltd	193 Cr.	2.72	19.3/1.49	17.2	0.86	0.00 %	16.4 %	13.5 %	1.00
Gujarat Toolroom Ltd	206 Cr.	1.48	4.11/1.33	1.97	1.24	11.3 %	179 %	170 %	1.00
Industry Average	3,298.05 Cr	440.11		40.72	120.83	0.55%	29.34%	27.19%	6.30

All Competitor Stocks of Engineers India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	692	818	815	793	842	880	818	790	868	805	624	689	765
Expenses	626	708	768	748	792	713	747	691	818	728	573	627	667
Operating Profit	67	110	47	45	50	167	71	99	50	77	51	62	98
OPM %	10%	13%	6%	6%	6%	19%	9%	12%	6%	10%	8%	9%	13%
Other Income	39	43	28	65	26	45	94	44	30	51	39	47	38
Interest	0	0	0	0	0	0	1	0	1	1	1	1	1
Depreciation	8	5	5	7	7	7	8	8	8	11	10	10	10
Profit before tax	97	147	69	103	69	204	156	134	71	117	79	99	126
Tax %	27%	17%	26%	17%	27%	23%	25%	24%	26%	23%	26%	22%	25%
Net Profit	41	79	65	75	16	190	139	127	63	116	92	100	109
EPS in Rs	0.72	1.41	1.15	1.34	0.29	3.38	2.47	2.27	1.13	2.06	1.63	1.77	1.93

Last Updated: March 3, 2025, 4:36 pm

Below is a detailed analysis of the quarterly data for Engineers India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 765.00 Cr.. The value appears strong and on an upward trend. It has increased from 689.00 Cr. (Sep 2024) to 765.00 Cr., marking an increase of 76.00 Cr..
For Expenses, as of Dec 2024, the value is 667.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 627.00 Cr. (Sep 2024) to 667.00 Cr., marking an increase of 40.00 Cr..
For Operating Profit, as of Dec 2024, the value is 98.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Sep 2024) to 98.00 Cr., marking an increase of 36.00 Cr..
For OPM %, as of Dec 2024, the value is 13.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Sep 2024) to 13.00%, marking an increase of 4.00%.
For Other Income, as of Dec 2024, the value is 38.00 Cr.. The value appears to be declining and may need further review. It has decreased from 47.00 Cr. (Sep 2024) to 38.00 Cr., marking a decrease of 9.00 Cr..
For Interest, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 10.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 10.00 Cr..
For Profit before tax, as of Dec 2024, the value is 126.00 Cr.. The value appears strong and on an upward trend. It has increased from 99.00 Cr. (Sep 2024) to 126.00 Cr., marking an increase of 27.00 Cr..
For Tax %, as of Dec 2024, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 22.00% (Sep 2024) to 25.00%, marking an increase of 3.00%.
For Net Profit, as of Dec 2024, the value is 109.00 Cr.. The value appears strong and on an upward trend. It has increased from 100.00 Cr. (Sep 2024) to 109.00 Cr., marking an increase of 9.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.93. The value appears strong and on an upward trend. It has increased from 1.77 (Sep 2024) to 1.93, marking an increase of 0.16.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:23 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,529	1,846	1,741	1,541	1,480	1,824	2,476	3,237	3,144	2,913	3,330	3,281	2,882
Expenses	1,930	1,355	1,507	1,331	1,163	1,395	2,099	2,781	2,792	2,567	3,020	2,982	2,594
Operating Profit	599	491	234	210	316	429	377	455	352	346	310	299	289
OPM %	24%	27%	13%	14%	21%	24%	15%	14%	11%	12%	9%	9%	10%
Other Income	312	229	265	247	222	176	222	255	34	130	164	219	175
Interest	1	1	2	2	5	2	3	4	6	3	3	5	3
Depreciation	11	15	20	25	23	24	22	24	24	24	26	35	40
Profit before tax	898	704	477	430	511	579	574	683	356	449	446	478	421
Tax %	30%	31%	34%	35%	35%	34%	35%	36%	27%	24%	23%	25%
Net Profit	632	483	313	278	330	383	368	424	249	140	346	445	415
EPS in Rs	9.38	7.16	4.64	4.13	4.90	6.07	5.83	6.71	4.43	2.48	6.16	7.92	7.39
Dividend Payout %	32%	45%	54%	48%	61%	66%	69%	77%	45%	121%	49%	38%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-23.58%	-35.20%	-11.18%	18.71%	16.06%	-3.92%	15.22%	-41.27%	-43.78%	147.14%	28.61%
Change in YoY Net Profit Growth (%)	0.00%	-11.62%	24.01%	29.89%	-2.64%	-19.98%	19.13%	-56.49%	-2.50%	190.92%	-118.53%

Engineers India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	6%
3 Years:	1%
TTM:	-14%

Compounded Profit Growth
10 Years:	0%
5 Years:	4%
3 Years:	10%
TTM:	-20%

Stock Price CAGR
10 Years:	7%
5 Years:	21%
3 Years:	40%
1 Year:	-25%

Return on Equity
10 Years:	14%
5 Years:	16%
3 Years:	16%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 3:50 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	168	168	168	168	337	316	316	316	281	281	281	281	281
Reserves	2,127	2,353	2,463	2,653	2,508	2,025	2,029	2,090	1,470	1,489	1,680	1,974	2,101
Borrowings	0	0	0	0	0	0	0	5	4	4	19	33	29
Other Liabilities	1,612	1,295	1,356	1,342	1,551	2,173	2,416	2,685	2,687	2,404	2,408	2,454	2,494
Total Liabilities	3,907	3,817	3,988	4,164	4,396	4,514	4,761	5,096	4,441	4,177	4,388	4,742	4,905
Fixed Assets	54	121	272	242	272	257	248	274	263	263	279	298	290
CWIP	136	132	19	24	56	52	52	3	1	7	26	36	43
Investments	647	732	138	75	533	242	315	461	1,324	1,088	1,179	1,389	1,438
Other Assets	3,071	2,832	3,559	3,822	3,535	3,963	4,146	4,359	2,853	2,821	2,905	3,020	3,135
Total Assets	3,907	3,817	3,988	4,164	4,396	4,514	4,761	5,096	4,441	4,177	4,388	4,742	4,905

Below is a detailed analysis of the balance sheet data for Engineers India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹281.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 281.00 Cr..
For Reserves, as of Sep 2024, the value is ₹2,101.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,974.00 Cr. (Mar 2024) to ₹2,101.00 Cr., marking an increase of 127.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹29.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 33.00 Cr. (Mar 2024) to ₹29.00 Cr., marking a decrease of 4.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹2,494.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,454.00 Cr. (Mar 2024) to ₹2,494.00 Cr., marking an increase of 40.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹4,905.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,742.00 Cr. (Mar 2024) to ₹4,905.00 Cr., marking an increase of 163.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹290.00 Cr.. The value appears to be declining and may need further review. It has decreased from 298.00 Cr. (Mar 2024) to ₹290.00 Cr., marking a decrease of 8.00 Cr..
For CWIP, as of Sep 2024, the value is ₹43.00 Cr.. The value appears strong and on an upward trend. It has increased from 36.00 Cr. (Mar 2024) to ₹43.00 Cr., marking an increase of 7.00 Cr..
For Investments, as of Sep 2024, the value is ₹1,438.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,389.00 Cr. (Mar 2024) to ₹1,438.00 Cr., marking an increase of 49.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹3,135.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,020.00 Cr. (Mar 2024) to ₹3,135.00 Cr., marking an increase of 115.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹4,905.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,742.00 Cr. (Mar 2024) to ₹4,905.00 Cr., marking an increase of 163.00 Cr..

Notably, the Reserves (2,101.00 Cr.) exceed the Borrowings (29.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	342	85	65	88	236	599	549	376	171	48	-113	222
Cash from Investing Activity +	-66	167	174	70	197	165	-4	-229	776	61	322	145
Cash from Financing Activity +	-274	-256	-240	-162	-284	-892	-362	-334	-904	-149	-176	-180
Net Cash Flow	2	-4	-1	-4	150	-129	183	-188	43	-39	34	187

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	599.00	491.00	234.00	210.00	316.00	429.00	377.00	450.00	348.00	342.00	291.00	266.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	50	70	92	89	98	112	63	77	62	48	40	37
Inventory Days
Days Payable
Cash Conversion Cycle	50	70	92	89	98	112	63	77	62	48	40	37
Working Capital Days	-100	-107	-100	-117	-164	-215	-198	-164	-186	-179	-124	-123
ROCE %	41%	28%	16%	16%	18%	22%	25%	29%	25%	25%	24%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%	51.32%
FIIs	6.74%	7.11%	7.58%	7.84%	7.96%	7.70%	7.88%	7.60%	7.01%	7.26%	7.31%	6.89%
DIIs	13.05%	12.62%	13.08%	14.10%	15.81%	18.46%	17.18%	15.51%	13.60%	13.89%	11.01%	10.59%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%
Public	28.89%	28.95%	28.02%	26.74%	24.90%	22.51%	23.60%	25.54%	28.05%	27.51%	30.32%	31.19%
No. of Shareholders	2,92,191	2,90,354	2,82,616	2,66,267	2,58,326	2,41,820	2,75,990	2,88,461	3,85,950	4,26,824	4,68,671	4,81,413

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Small Cap Fund	10,312,017	1.13	258.67	10,312,017	2025-04-22 17:25:36	0%
DSP Small Cap Fund	5,630,873	0.93	141.24	5,630,873	2025-04-22 15:56:58	0%
DSP Flexi Cap Fund	4,138,912	0.91	103.82	4,138,912	2025-04-22 17:25:36	0%
SBI PSU Fund	3,200,000	2.59	79.47	3,200,000	2025-04-22 15:56:58	0%
ICICI Prudential Bharat 22 ETF	2,653,909	0.36	65.79	2,653,909	2025-04-22 15:56:58	0%
Aditya Birla Sun Life PSU Equity Fund	1,945,250	0.95	48.79	1,945,250	2025-04-22 15:56:58	0%
DSP Tiger Fund	662,061	0.34	16.61	662,061	2025-04-22 17:25:36	0%
Aditya Birla Sun Life Bal Bhavishya Yojna	500,000	1.18	12.54	500,000	2025-04-22 15:56:58	0%
Nippon India Nifty Smallcap 250 Index Fund	239,731	0.39	6.01	239,731	2025-04-22 17:25:36	0%
Samco ELSS Tax Saver Fund	200,000	4.44	5.02	200,000	2025-04-22 15:56:58	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	7.92	6.16	2.48	3.99	6.71
Diluted EPS (Rs.)	7.92	6.16	2.48	3.99	6.71
Cash EPS (Rs.)	7.03	6.58	6.52	5.07	7.25
Book Value[Excl.RevalReserv]/Share (Rs.)	40.13	34.90	31.49	31.15	38.08
Book Value[Incl.RevalReserv]/Share (Rs.)	40.13	34.90	31.49	31.15	38.08
Revenue From Operations / Share (Rs.)	58.37	59.25	51.82	55.94	51.22
PBDIT / Share (Rs.)	9.18	8.41	8.43	9.58	11.22
PBIT / Share (Rs.)	8.56	7.95	8.01	9.16	10.84
PBT / Share (Rs.)	8.51	7.93	8.00	6.34	10.81
Net Profit / Share (Rs.)	6.41	6.12	6.10	4.65	6.87
NP After MI And SOA / Share (Rs.)	7.92	6.16	2.48	4.43	6.71
PBDIT Margin (%)	15.73	14.19	16.27	17.13	21.89
PBIT Margin (%)	14.66	13.42	15.46	16.37	21.15
PBT Margin (%)	14.57	13.37	15.43	11.33	21.10
Net Profit Margin (%)	10.97	10.33	11.77	8.31	13.40
NP After MI And SOA Margin (%)	13.57	10.39	4.78	7.91	13.09
Return on Networth / Equity (%)	19.74	17.65	7.88	14.21	17.61
Return on Capital Employeed (%)	20.91	22.46	25.24	29.15	28.21
Return On Assets (%)	9.38	7.89	3.33	5.60	8.31
Asset Turnover Ratio (%)	0.71	0.77	0.65	0.65	0.65
Current Ratio (X)	1.10	1.04	1.02	0.97	1.51
Quick Ratio (X)	1.10	1.04	1.01	0.97	1.51
Dividend Payout Ratio (NP) (%)	37.86	48.69	104.73	70.96	78.19
Dividend Payout Ratio (CP) (%)	35.10	45.33	89.56	64.80	73.99
Earning Retention Ratio (%)	62.14	51.31	-4.73	29.04	21.81
Cash Earning Retention Ratio (%)	64.90	54.67	10.44	35.20	26.01
Interest Coverage Ratio (X)	169.49	314.41	496.28	145.96	406.24
Interest Coverage Ratio (Post Tax) (X)	119.25	229.96	359.97	113.84	249.67
Enterprise Value (Cr.)	10131.71	3085.24	2214.27	3008.93	1017.13
EV / Net Operating Revenue (X)	3.09	0.92	0.76	0.95	0.31
EV / EBITDA (X)	19.63	6.53	4.67	5.59	1.44
MarketCap / Net Operating Revenue (X)	3.46	1.26	1.23	1.38	1.17
Retention Ratios (%)	62.13	51.30	-4.73	29.03	21.80
Price / BV (X)	5.03	2.13	2.03	2.47	1.58
Price / Net Operating Revenue (X)	3.46	1.26	1.23	1.38	1.17
EarningsYield	0.03	0.08	0.03	0.05	0.11

After reviewing the key financial ratios for Engineers India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 7.92. This value is within the healthy range. It has increased from 6.16 (Mar 23) to 7.92, marking an increase of 1.76.
For Diluted EPS (Rs.), as of Mar 24, the value is 7.92. This value is within the healthy range. It has increased from 6.16 (Mar 23) to 7.92, marking an increase of 1.76.
For Cash EPS (Rs.), as of Mar 24, the value is 7.03. This value is within the healthy range. It has increased from 6.58 (Mar 23) to 7.03, marking an increase of 0.45.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 40.13. It has increased from 34.90 (Mar 23) to 40.13, marking an increase of 5.23.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 40.13. It has increased from 34.90 (Mar 23) to 40.13, marking an increase of 5.23.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 58.37. It has decreased from 59.25 (Mar 23) to 58.37, marking a decrease of 0.88.
For PBDIT / Share (Rs.), as of Mar 24, the value is 9.18. This value is within the healthy range. It has increased from 8.41 (Mar 23) to 9.18, marking an increase of 0.77.
For PBIT / Share (Rs.), as of Mar 24, the value is 8.56. This value is within the healthy range. It has increased from 7.95 (Mar 23) to 8.56, marking an increase of 0.61.
For PBT / Share (Rs.), as of Mar 24, the value is 8.51. This value is within the healthy range. It has increased from 7.93 (Mar 23) to 8.51, marking an increase of 0.58.
For Net Profit / Share (Rs.), as of Mar 24, the value is 6.41. This value is within the healthy range. It has increased from 6.12 (Mar 23) to 6.41, marking an increase of 0.29.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 7.92. This value is within the healthy range. It has increased from 6.16 (Mar 23) to 7.92, marking an increase of 1.76.
For PBDIT Margin (%), as of Mar 24, the value is 15.73. This value is within the healthy range. It has increased from 14.19 (Mar 23) to 15.73, marking an increase of 1.54.
For PBIT Margin (%), as of Mar 24, the value is 14.66. This value is within the healthy range. It has increased from 13.42 (Mar 23) to 14.66, marking an increase of 1.24.
For PBT Margin (%), as of Mar 24, the value is 14.57. This value is within the healthy range. It has increased from 13.37 (Mar 23) to 14.57, marking an increase of 1.20.
For Net Profit Margin (%), as of Mar 24, the value is 10.97. This value exceeds the healthy maximum of 10. It has increased from 10.33 (Mar 23) to 10.97, marking an increase of 0.64.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 13.57. This value is within the healthy range. It has increased from 10.39 (Mar 23) to 13.57, marking an increase of 3.18.
For Return on Networth / Equity (%), as of Mar 24, the value is 19.74. This value is within the healthy range. It has increased from 17.65 (Mar 23) to 19.74, marking an increase of 2.09.
For Return on Capital Employeed (%), as of Mar 24, the value is 20.91. This value is within the healthy range. It has decreased from 22.46 (Mar 23) to 20.91, marking a decrease of 1.55.
For Return On Assets (%), as of Mar 24, the value is 9.38. This value is within the healthy range. It has increased from 7.89 (Mar 23) to 9.38, marking an increase of 1.49.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.71. It has decreased from 0.77 (Mar 23) to 0.71, marking a decrease of 0.06.
For Current Ratio (X), as of Mar 24, the value is 1.10. This value is below the healthy minimum of 1.5. It has increased from 1.04 (Mar 23) to 1.10, marking an increase of 0.06.
For Quick Ratio (X), as of Mar 24, the value is 1.10. This value is within the healthy range. It has increased from 1.04 (Mar 23) to 1.10, marking an increase of 0.06.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 37.86. This value is within the healthy range. It has decreased from 48.69 (Mar 23) to 37.86, marking a decrease of 10.83.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 35.10. This value is within the healthy range. It has decreased from 45.33 (Mar 23) to 35.10, marking a decrease of 10.23.
For Earning Retention Ratio (%), as of Mar 24, the value is 62.14. This value is within the healthy range. It has increased from 51.31 (Mar 23) to 62.14, marking an increase of 10.83.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 64.90. This value is within the healthy range. It has increased from 54.67 (Mar 23) to 64.90, marking an increase of 10.23.
For Interest Coverage Ratio (X), as of Mar 24, the value is 169.49. This value is within the healthy range. It has decreased from 314.41 (Mar 23) to 169.49, marking a decrease of 144.92.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 119.25. This value is within the healthy range. It has decreased from 229.96 (Mar 23) to 119.25, marking a decrease of 110.71.
For Enterprise Value (Cr.), as of Mar 24, the value is 10,131.71. It has increased from 3,085.24 (Mar 23) to 10,131.71, marking an increase of 7,046.47.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.09. This value exceeds the healthy maximum of 3. It has increased from 0.92 (Mar 23) to 3.09, marking an increase of 2.17.
For EV / EBITDA (X), as of Mar 24, the value is 19.63. This value exceeds the healthy maximum of 15. It has increased from 6.53 (Mar 23) to 19.63, marking an increase of 13.10.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 3.46. This value exceeds the healthy maximum of 3. It has increased from 1.26 (Mar 23) to 3.46, marking an increase of 2.20.
For Retention Ratios (%), as of Mar 24, the value is 62.13. This value is within the healthy range. It has increased from 51.30 (Mar 23) to 62.13, marking an increase of 10.83.
For Price / BV (X), as of Mar 24, the value is 5.03. This value exceeds the healthy maximum of 3. It has increased from 2.13 (Mar 23) to 5.03, marking an increase of 2.90.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 3.46. This value exceeds the healthy maximum of 3. It has increased from 1.26 (Mar 23) to 3.46, marking an increase of 2.20.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 23) to 0.03, marking a decrease of 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Engineers India Ltd as of April 28, 2025 is: 174.31

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.

As of April 28, 2025, Engineers India Ltd is Overvalued by 2.62% compared to the current share price 179.00

Intrinsic Value of Engineers India Ltd as of April 28, 2025 is: 193.09

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 28, 2025, Engineers India Ltd is Undervalued by 7.87% compared to the current share price 179.00

Last 5 Year EPS CAGR: 10.78%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 24.25%, which is a positive sign. The stock has a low average Working Capital Days of -148.08, which is a positive sign. The company has higher reserves (2,074.00 cr) compared to borrowings (7.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.92 cr) and profit (538.92 cr) over the years.	The stock has a high average Cash Conversion Cycle of 69.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Engineers India Ltd:
1. Net Profit Margin: 10.97%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.91% (Industry Average ROCE: 27.58%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 19.74% (Industry Average ROE: 23.38%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 119.25
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.1
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 24.3 (Industry average Stock P/E: 30.13)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

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 Construction and maintenance of industrial facilities such as refineries chemical plants etc.. Company's Total Operating Revenue is Rs. 3232.17 Cr. and Equity Capital is Rs. 281.02 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	Engineers India House, New Delhi Delhi 110066	eil.mktg@eil.co.in http://www.engineersindia.com

Management
Name	Position Held
Ms. Vartika Shukla	Chairman & Managing Director
Mr. Sanjay Jindal	Director - Finance & CFO
Mr. Atul Gupta	Director - Commercial
Mr. Rajiv Agarwal	Director - Technical
Mr. Rajeev Gupta	Director - Projects
Mr. Deepak Mhaskey	Non Official Independent Director
Mr. Jai Prakash Tomar	Non Official Independent Director
Mr. Ravi Shanker Prasad Singh	Non Official Independent Director
Mr. Harishkumar Madhusudan Joshi	Non Official Independent Director
Dr. Prashant Vasantrao Patil	Non Official Independent Director
Mrs. Karuna Gopal	Non Official Independent Director
Mr. Arun Kumar	Government Nominee Director

FAQ

What is the intrinsic value of Engineers India Ltd?

Engineers India Ltd's intrinsic value (as of 28 April 2025) is ₹174.31 — 2.62% lower the current market price of 179.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 10,081 Cr. market cap, FY2025-2026 high/low of ₹304/142, reserves of 2,101 Cr, and liabilities of 4,905 Cr.

What is the Market Cap of Engineers India Ltd?

The Market Cap of Engineers India Ltd is 10,081 Cr..

What is the current Stock Price of Engineers India Ltd as on 28 April 2025?

The current stock price of Engineers India Ltd as on 28 April 2025 is 179.

What is the High / Low of Engineers India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Engineers India Ltd stocks is ₹304/142.

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

The Stock P/E of Engineers India Ltd is 24.3.

What is the Book Value of Engineers India Ltd?

The Book Value of Engineers India Ltd is 42.4.

What is the Dividend Yield of Engineers India Ltd?

The Dividend Yield of Engineers India Ltd is 1.67 %.

What is the ROCE of Engineers India Ltd?

The ROCE of Engineers India Ltd is 22.2 %.

What is the ROE of Engineers India Ltd?

The ROE of Engineers India Ltd is 20.8 %.

What is the Face Value of Engineers India Ltd?

The Face Value of Engineers India Ltd is 5.00.