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Last Updated: February 20, 2026, 5:05 am
Author: Getaka|Social: XLinkedIn

McNally Bharat Engineering Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹60.59Undervalued by 1,752.91%vs CMP ₹3.27

P/E (15.0) × ROE (15.0%) × BV (₹33.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹718.18Undervalued by 21,862.69%vs CMP ₹3.27
MoS: +99.5% (Strong)Confidence: 56/100 (Moderate)Models: 6 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹159.2421%Under (+4769.7%)
Graham NumberEarnings₹297.3721%Under (+8993.9%)
DCFCash Flow₹2,917.1317%Under (+89108.9%)
Net Asset ValueAssets₹33.0311%Under (+910.1%)
Earnings YieldEarnings₹1,191.0011%Under (+36322%)
ROCE CapitalReturns₹5.9011%Under (+80.4%)
Revenue MultipleRevenue₹2.488%Over (-24.2%)
Consensus (7 models)₹718.18100%Undervalued
Key Drivers: EPS CAGR 162.8% lifts DCF — verify sustainability. | Wide model spread (₹2–₹2,917) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 162.8% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

43
McNally Bharat Engineering Company Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health34/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E -47.99 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 90.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-50% → -434%) DecliningWorking capital: -22,389 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -23% YoY DecliningOPM: -241.0% (up 6.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
3Y sales CAGR: -36% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: February 20, 2026, 5:05 am

Market Cap 69.2 Cr.
Current Price 3.27
Intrinsic Value₹718.18
High / Low /
Stock P/E
Book Value 33.0
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for McNally Bharat Engineering Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
KPT Industries Ltd 128 Cr. 376 1,028/33510.1 2180.80 %25.5 %22.5 % 5.00
Miven Machine Tools Ltd 19.7 Cr. 65.7 112/58.9 19.90.00 %%% 10.0
Incon Engineers Ltd 6.19 Cr. 14.3 16.4/9.31 1.250.00 %64.2 %% 10.0
Hittco Tools Ltd 7.26 Cr. 11.0 16.0/8.41 4.250.00 %3.21 %0.29 % 10.0
Harshil Agrotech Ltd 34.5 Cr. 0.37 3.86/0.31 1.270.00 %17.4 %16.4 % 1.00
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of McNally Bharat Engineering Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 111904147404026272230151825
Expenses 2051784859541013134758293213085
Operating Profit -93-88-7-12-14-61-5-7-53-799-17-111-60
OPM % -84%-97%-17%-26%-35%-150%-19%-25%-247%-2,628%-113%-602%-241%
Other Income -59104111110155087-6603,919-0
Interest 600173241190198205264221230134213-30
Depreciation 3211111111111
Profit before tax -756-159-237-192-203-252-220-220-277-999-2303,810-61
Tax % 0%39%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -756-221-237-192-203-252-220-220-277-999-2303,810-61
EPS in Rs -35.73-10.82-11.20-9.07-9.58-11.90-10.41-10.41-13.07-47.22-10.88180.09-2.89

Last Updated: March 3, 2026, 9:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,6322,4302,6942,1721,6821,73973050240339416810589
Expenses 2,5122,2782,6922,5271,8322,2051,0434964887032549631,075
Operating Profit 1201521-356-149-466-3136-86-309-86-858-987
OPM % 5%6%0%-16%-9%-27%-43%1%-21%-79%-51%-817%-1,113%
Other Income 77101473171531356230406847-13,853
Interest 23128438548958944711864631,949841854344
Depreciation 40463845312318161310333
Profit before tax -74-78-375-572-617-802-388-44-121-2,201-883-1,7162,520
Tax % 2%5%0%-91%-24%-1%-0%0%-0%3%0%0%
Net Profit -75-81-377-51-470-791-387-44-121-2,263-883-1,7162,520
EPS in Rs -24.25-18.30-72.15-10.62-29.17-45.51-18.26-2.11-5.32-107.32-41.74-81.11119.10
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-8.00%-365.43%86.47%-821.57%-68.30%51.07%88.63%-175.00%-1770.25%60.98%-94.34%
Change in YoY Net Profit Growth (%)0.00%-357.43%451.90%-908.04%753.27%119.37%37.56%-263.63%-1595.25%1831.23%-155.32%

McNally Bharat Engineering Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-27%
5 Years:-32%
3 Years:-36%
TTM:-39%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-99%
Stock Price CAGR
10 Years:-29%
5 Years:-12%
3 Years:-4%
1 Year:-35%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: December 4, 2025, 1:38 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 314151541581722122122122122123333
Reserves 276310-46145-126-41-204-259-385-3,536-4,419-5,925666
Borrowings 1,4051,8102,4973,0953,5642,3792,3972,3852,4053,1063,1073,09594
Other Liabilities 1,9782,0072,2312,2881,7371,1566834604672,3173,1003,967150
Total Liabilities 3,6904,1674,3195,4825,3343,6663,0882,7982,6992,0981,9991,170943
Fixed Assets 40531428638536019319918315418151514
CWIP 8954555555500
Investments 02730211611111111
Other Assets 3,2773,8173,9985,0724,9533,4672,8832,6092,5392,0731,9781,154928
Total Assets 3,6904,1674,3195,4825,3343,6663,0882,7982,6992,0981,9991,170943

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -184-457-392-568-303359-18763-710-13-17
Cash from Investing Activity + 67135-25-226539047247-30-1-15
Cash from Financing Activity + 121329429595302-806120-48-336116
Net Cash Flow 5612664-57-19167-15-13-15
Free Cash Flow -239-428-404-568-309358-18963-5124-13-17
CFO/OP -133%-280%-30,691%155%205%-64%58%720%48%-0%15%2%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow119.00151.00-1.00-359.00-152.00-468.00-315.004.00-88.00-312.00-89.00-861.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2252312042953903657177919006981,6121,179
Inventory Days 92807235561826725530720236
Days Payable 3293273121,4761,4127715978599559166,110
Cash Conversion Cycle -12-16-35-827-404-139375239146-2161,612-4,925
Working Capital Days 1612-78-134-196-115-320-497-732-3,607-10,342-22,389
ROCE %8%6%0%-3%-1%-11%-11%1%-1%-27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 32.79%32.79%32.79%32.79%32.79%32.79%32.79%32.79%90.00%90.00%90.00%90.00%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.18%0.18%0.18%0.18%
DIIs 0.04%0.04%0.04%1.17%1.14%1.14%1.14%1.14%4.55%4.55%4.55%4.55%
Public 67.17%67.17%67.17%66.02%66.06%66.06%66.07%66.06%5.26%5.26%5.26%5.26%
No. of Shareholders 24,01923,27123,07622,44022,70323,95125,15325,77219,54719,54719,54719,547

Shareholding Pattern Chart

No. of Shareholders

McNally Bharat Engineering Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -88.69-41.74-107.32-5.32-2.11
Diluted EPS (Rs.) -88.69-41.74-107.32-5.32-2.11
Cash EPS (Rs.) -513.94-41.59-106.49-5.10-1.29
Book Value[Excl.RevalReserv]/Share (Rs.) -1767.43-198.86-157.15-7.60-1.28
Book Value[Incl.RevalReserv]/Share (Rs.) -1767.43-198.86-157.15-7.60-1.28
Revenue From Operations / Share (Rs.) 31.507.9518.0020.0523.70
PBDIT / Share (Rs.) -258.69-2.18-13.06-1.250.89
PBIT / Share (Rs.) -259.58-2.33-13.53-1.850.12
PBT / Share (Rs.) -514.83-41.74-104.03-5.71-2.06
Net Profit / Share (Rs.) -514.83-41.74-106.97-5.70-2.06
NP After MI And SOA / Share (Rs.) -514.83-41.74-107.32-5.32-2.11
PBDIT Margin (%) -821.11-27.47-72.54-6.213.77
PBIT Margin (%) -823.93-29.38-75.18-9.210.53
PBT Margin (%) -1634.13-525.34-578.02-28.46-8.67
Net Profit Margin (%) -1634.13-525.35-594.33-28.41-8.67
NP After MI And SOA Margin (%) -1634.13-525.36-596.29-26.52-8.91
Return on Capital Employeed (%) 14.691.178.621168.921.89
Return On Assets (%) -146.61-44.17-108.25-4.17-1.59
Long Term Debt / Equity (X) 0.000.000.00-0.53-1.69
Total Debt / Equity (X) -0.52-0.73-0.93-13.34-47.99
Asset Turnover Ratio (%) 0.060.080.150.090.11
Current Ratio (X) 0.090.230.280.710.75
Quick Ratio (X) 0.090.230.280.690.72
Inventory Turnover Ratio (X) 352.99135.103.352.502.35
Interest Coverage Ratio (X) -1.02-0.05-0.14-0.510.40
Interest Coverage Ratio (Post Tax) (X) -1.02-0.05-0.17-0.760.05
Enterprise Value (Cr.) 0.003186.273143.132438.132464.37
EV / Net Operating Revenue (X) 0.0018.958.255.754.91
EV / EBITDA (X) 0.00-68.98-11.38-92.45130.31
MarketCap / Net Operating Revenue (X) 0.000.590.180.250.32
Price / BV (X) 0.00-0.02-0.02-0.63-3.48
Price / Net Operating Revenue (X) 0.000.590.180.250.32
EarningsYield 0.00-8.79-32.92-1.03-0.27

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - McNally Bharat Engineering Company Ltd

McNally Bharat Engineering Company Ltd. is a Public Limited Listed company incorporated on 10/07/1961 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L45202WB1961PLC025181 and registration number is 025181. Currently Company is involved in the business activities of Construction and maintenance of power plants. Company’s Total Operating Revenue is Rs. 252.71 Cr. and Equity Capital is Rs. 211.57 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - General4, Mangoe Lane, Kolkata West Bengal 700001mbecal@mbecl.co.in
http://www.mcnallybharat.com
Management
NamePosition Held
Mr. Aditya KhaitanChairman
Ms. Kasturi RoychoudhuryIndependent Director
Mr. Nilotpal RoyIndependent Director
Mr. Asim Kumar BarmanIndependent Director

McNally Bharat Engineering Company Ltd. Share Price Update

Share PriceValue
Today₹4.99
Previous Day₹4.76

FAQ

What is the intrinsic value of McNally Bharat Engineering Company Ltd and is it undervalued?

As of 15 April 2026, McNally Bharat Engineering Company Ltd's intrinsic value is ₹718.18, which is 21862.69% higher than the current market price of ₹3.27, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹33.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of McNally Bharat Engineering Company Ltd?

McNally Bharat Engineering Company Ltd is trading at ₹3.27 as of 15 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹69.2 Cr..

How does McNally Bharat Engineering Company Ltd's P/E ratio compare to its industry?

McNally Bharat Engineering Company Ltd has a P/E ratio of , which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is McNally Bharat Engineering Company Ltd financially healthy?

Key indicators for McNally Bharat Engineering Company Ltd: ROCE of % is on the lower side compared to the industry average of 37.74%; ROE of % is below ideal levels (industry average: 16.87%). Dividend yield is 0.00 %.

Is McNally Bharat Engineering Company Ltd profitable and how is the profit trend?

McNally Bharat Engineering Company Ltd reported a net profit of ₹-1,716 Cr in Mar 2025 on revenue of ₹105 Cr. Compared to ₹-121 Cr in Mar 2022, the net profit shows a mixed trend.

Does McNally Bharat Engineering Company Ltd pay dividends?

McNally Bharat Engineering Company Ltd has a dividend yield of 0.00 % at the current price of ₹3.27. The company is currently not paying meaningful dividends.

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 McNally Bharat Engineering Company 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
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