Is Engineers India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Engineers India Ltd is a good quality company .

Is Engineers India undervalued or overvalued?

The key valuation ratios of Engineers India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Engineers India share price return in the past 10 years?

Engineers India Ltd share price has appreciated 4.6% annually (CAGR) over the past ten years.

Is Engineers India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Engineers India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Engineers India Ltd - Stock Valuation and Financial Performance

Name: Engineers India
Brand: Engineers India

BSE: 532178 | NSE: ENGINERSIN | Engineering | Small Cap

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Engineers India Share Price

₹178.15 -3.15 -1.74%
as on 21-Nov'24 16:59

10 Year X-Ray of Engineers India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.7%	15.8%	18.3%	22.6%	25.1%	29.4%	17.6%	24.9%	22%	21.5%	-
Value Creation Index ⓘ	0.4	0.2	0.4	0.7	0.9	1.1	0.3	0.8	0.6	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,719	1,508	1,442	1,793	2,445	3,204	3,105	2,870	3,282	3,233	2,934
Sales YoY Gr.	-	-12.3%	-4.4%	24.3%	36.4%	31%	-3.1%	-7.6%	14.4%	-1.5%	-
Adj EPS ⓘ	3.9	4	4.8	5.9	5.8	6.7	4.6	6	5.9	6.2	4.9
YoY Gr.	-	3.9%	19.3%	22.6%	-2.4%	15.9%	-31.7%	31.5%	-1.8%	5.3%	-
BVPS (₹) ⓘ	38.1	40.9	41.2	35.9	36	37.1	30.3	34.3	37.5	41.1	42.4
Adj Net Profit ⓘ	262	272	325	373	365	423	257	338	331	349	275
Cash Flow from Ops. ⓘ	59.6	86.7	231	587	545	372	160	42.6	-123	210	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.3%	5.8%	1.4%	-1.5%
Adj EPS ⓘ	5.3%	1.5%	10.8%	5.3%
BVPSⓘ	0.9%	2.7%	10.8%	9.8%
Share Price	4.6%	11.3%	36.7%	22.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.4	10.2	11.8	14.8	16	18.3	12.7	18.6	16.5	15.8	11.7
Op. Profit Mgn % ⓘ	12.7	9.2	19.3	22.9	14.8	13.7	11	11	7.9	8.2	7.6
Net Profit Mgn % ⓘ	15.3	18.1	22.5	20.8	14.9	13.2	8.3	11.8	10.1	10.8	9.4
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	326	354	347	304	254	208	226	223	179	187	162
Cash Conv. Cycle ⓘ	6	31	23	28	28	24	22	1	-1	-13	11

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 10.76%

Return on Equity has declined versus last 3 years average to 11.70%

Sales growth has been subdued in last 3 years 1.36%

Sales growth is not so good in last 4 quarters at -10.77%

Latest Financials - Engineers India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.9	6.6
TTM Sales (₹ Cr.)	2,934	2,986
BVPS (₹.) ⓘ	42.4	42.4
Reserves (₹ Cr.) ⓘ	2,100	2,101
P/BV ⓘ	4.28	4.28
PE ⓘ	37.05	27.53

From the Market
52 Week Low / High (₹)	140.90 / 304.00
All Time Low / High (₹)	5.29 / 304.00
Market Cap (₹ Cr.)	10,190
Equity (₹ Cr.)	281
Face Value (₹)	5
Industry PE ⓘ	46.2

Management X-Ray of Engineers India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Engineers India

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Price to Earnings

Enterprise Value to EBIT

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Dividend History

Analyst's Notes

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Key Ratios of Engineers India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,719	1,508	1,442	1,793	2,445	3,204	3,105	2,870	3,282	3,233
Operating Expenses ⓘ	1,503	1,370	1,164	1,382	2,084	2,767	2,765	2,553	3,022	2,969
Manufacturing Costs	377	257	214	277	508	1,144	1,201	1,063	1,250	1,276
Material Costs	259	367	57	106	612	469	519	372	640	484
Employee Cost	589	589	742	755	755	841	855	902	933	966
Other Costs ⓘ	278	158	151	245	209	312	190	216	199	243
Operating Profit ⓘ	216	138	278	411	361	437	340	316	260	264
Operating Profit Margin (%)	12.6%	9.2%	19.3%	22.9%	14.8%	13.6%	10.9%	11.0%	7.9%	8.2%
Other Income ⓘ	273	308	249	183	232	266	195	157	209	246
Interest ⓘ	2	2	5	2	3	4	6	3	3	5
Depreciation ⓘ	20	25	23	24	22	24	23	23	25	35
Exceptional Items ⓘ	0	0	0	0	0	0	-155	0	0	0
Profit Before Tax ⓘ	468	420	500	568	568	676	351	448	440	470
Tax ⓘ	160	144	175	190	197	245	91	103	98	113
Profit After Tax	308	276	325	378	370	430	259	344	342	357
PAT Margin (%)	17.9%	18.3%	22.5%	21.1%	15.1%	13.4%	8.4%	12.0%	10.4%	11.0%
Adjusted EPS (₹)	4.6	4.1	4.8	6.0	5.9	6.8	4.6	6.1	6.1	6.4
Dividend Payout Ratio (%)	55%	49%	62%	67%	68%	76%	43%	49%	49%	47%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,568	2,757	2,776	2,268	2,276	2,345	1,701	1,925	2,106	2,311
Share Capital ⓘ	168	168	337	316	316	316	281	281	281	281
Reserves ⓘ	2,399	2,589	2,439	1,952	1,960	2,030	1,420	1,644	1,825	2,030
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	247	203	223	218	248	280	413	319	343	441
Others Liabilities ⓘ	1,501	1,410	1,496	2,205	2,499	2,757	2,699	2,225	1,946	1,902
Total Liabilities ⓘ	4,316	4,370	4,495	4,691	5,022	5,382	4,813	4,470	4,394	4,653
Fixed Assets
Gross Block	439	264	277	294	306	331	347	366	412	458
Accumulated Depreciation	169	24	44	67	88	107	127	145	169	194
Net Fixed Assetsⓘ	270	240	233	226	218	224	220	220	244	264
CWIP ⓘ	19	24	56	52	52	3	1	7	26	36
Investmentsⓘ	140	37	532	244	320	477	1,355	1,322	1,404	1,529
Inventories	1	4	11	5	10	9	4	5	6	4
Trade Receivables	426	363	383	545	414	666	518	371	353	314
Cash Equivalents	2,373	2,616	2,310	2,481	2,661	2,723	1,259	1,320	1,028	1,143
Others Assetsⓘ	1,087	1,085	970	1,138	1,347	1,280	1,456	1,225	1,334	1,363
Total Assets ⓘ	4,316	4,370	4,495	4,691	5,022	5,382	4,813	4,470	4,394	4,653

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	60	87	231	587	545	372	160	43	-123	210
PBT ⓘ	476	420	500	568	568	676	351	448	440	470
Adjustment ⓘ	-239	-257	-197	-63	-150	-43	37	-85	-153	-184
Changes in Working Capital ⓘ	-11	67	88	357	343	-38	-66	-187	-279	-25
Tax Paid ⓘ	-157	-143	-160	-275	-216	-222	-162	-134	-132	-52
Cash Flow From Investing Activity ⓘ	183	71	201	170	4	-227	787	65	332	159
Capex	-63	-30	-45	-29	-32	-18	-11	-25	-34	-33
Net Investments	55	-133	27	41	-139	-417	612	-20	244	20
Others ⓘ	190	235	219	158	175	207	186	110	123	173
Cash Flow From Financing Activityⓘ	-239	-161	-283	-891	-361	-333	-904	-149	-175	-179
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-239	-161	-283	-227	-300	-275	-174	-146	-169	-169
Others ⓘ	0	0	0	-664	-60	-58	-729	-2	-7	-11
Net Cash Flow ⓘ	3	-4	149	-133	188	-189	43	-41	34	189

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.25	10.37	11.75	14.98	16.29	18.62	12.83	19	16.98	16.16
ROCE (%)	18.67	15.84	18.27	22.6	25.1	29.4	17.61	24.85	21.98	21.52
Asset Turnover Ratio	0.4	0.35	0.33	0.39	0.5	0.62	0.61	0.62	0.74	0.71
PAT to CFO Conversion(x)	0.19	0.32	0.71	1.55	1.47	0.87	0.62	0.13	-0.36	0.59
Working Capital Days
Receivable Days	82	96	94	94	72	62	70	57	40	38
Inventory Days	1	1	2	2	1	1	1	1	1	1
Payable Days	372	223	1,363	763	139	205	244	360	189	295

Engineers India Ltd Stock News

Engineers India Ltd FAQs

What is the share price of Engineers India?

Company share prices are keep on changing according to the market conditions. The closing price of Engineers India on 21-Nov-2024 16:59 is ₹178.2.

What is the market cap of Engineers India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Engineers India stood at ₹10,189.8.

What is the P/E ratio of Engineers India?

The latest P/E ratio of Engineers India as of 21-Nov-2024 16:59 is 37.05.

What is the P/B ratio of Engineers India?

The latest P/B ratio of Engineers India as of 21-Nov-2024 16:59 is 4.28.

What is the 52-week high and low of Engineers India?

The 52-week high of Engineers India is ₹304.0 and the 52-week low is ₹140.9.

What is the TTM revenue of Engineers India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Engineers India is ₹2,934 ( Cr.) .

About Engineers India Ltd

Engineers India (EIL), incorporated in 1965, the company provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The Company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power and fertilizers to leverage its strong technical competencies and track record.

Today, EIL is a ‘Total Solutions’ engineering consultancy company providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. EIL’s QMS, OHSMS and EMS are certified to ISO 9001, OHSAS 18001 and ISO 14001 respectively. It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials and maintenance and plant operations and safety services.

With corporate office in New Delhi, EIL also operates from its office in Gurugram, branch office in Mumbai, three regional engineering offices in Kolkata, Chennai & Vadodara and has inspection offices at all major manufacturing locations of the country. The company’s overseas presence is marked by an engineering office in Abu Dhabi, which caters to the business needs in UAE/Middle-East region. Additionally, there are offices in London, Milan and Shanghai to coordinate the activities of international procurement and marketing.

Business area of the company

The company is engaged in construction and maintenance of industrial facilities such as refineries, chemical plants, etc. The company also engaged in architectural and engineering activities and related technical consultancy. The company also helps its clients with management consultancy activities. Additionally, the company is also in research and experimental development on natural sciences and engineering.

BUSINESS DIVISIONS

Mining & Metallurgy
Power
Hydrocarbon
Chemicals & Fertilizers
Infrastructure

SERVICES

EIL provides entire gamut of engineering consultancy and EPC services with highest quality and safety standards.

Technologies
Pre FEED & FEED
Project Management
Supply Chain Management
Construction
Specialised

Awards and recognitions

2017

Rajbhasha Shield for FY2016-17 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
FIPI ‘Project Management - Company of the Year’ Award for the year 2016 jointly with BPCL.
Rajbhasha Shield for FY2015-16 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
Special Commendation in Institutional Category I (Maharatna & Navratna PSEs) of “SCOPE Award for Excellence and Outstanding Contribution to the Public Sector Management 2014-15?.
Institute of Public Enterprises (IPE) “Women of Excellence Award 2017” to four EIL Women Executives in Senior and Junior categories.
“Best Indigenous Innovator Team Award” at 21st Refinery Technology Meet organised by Centre for High Technology (CHT), MoP&NG.

2018

10th CIDC Vishwakarma Award for Construction Health, Safety and Environment to Daman Development Project at Hazira.
5th Governance Now PSU Award for “Consistent Growth” in Navratna Category
“Certificate of Appreciation” for “Good Practices in Safety System” for EIL’s Daman Development Project, Hazira during the 7th FICCI Safety Systems Excellence Awards for Industry 2018.
10th CIDC Vishwakarma Award for Best Construction Projects to DHT Project at BPCL Mumbai Refinery.
‘IEI Industry Excellence Award 2018’ from The Institution of Engineers (India) in the Engineering and Service Consultancy sector in the category of “organisations having turnover of Rs 500 crore and above”.
Rajbhasha Shield for FY2017-18 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.

2019

PETROTECH 2019 Special Technical Award in the “Greening of Oil and Gas Business and Sustainability” category.
6th Governance Now PSU Award for “Technology Adaption” and “Communications (Outreach)”
PETROTECH 2019 Special Technical Award in the “Women in Hydrocarbon Sector” category to Ms. R. Priyamvada, GGM (Technical), EIL
11th CIDC Vishwakarma Award for “Best Construction Projects” to DHDT Project, Numaligarh Refinery, Assam and for “Construction Health, Safety & Environment” to BS-VI Quality Fuel Project, HMEL Guru Gobind Singh Refinery, Bathinda, Punjab
“Pride of HR Professional – Public Sector Undertakings” Award to Sh. V.C. Bhandari, Dir. (HR), EIL by World HRD Congress.
“Distinguished Alumni Award” to Director (HR), EIL by Delhi College of Engineering
Dun & Bradstreet Corporate Awards 2019 in “Best Growth Performance – Engineering Projects/ Capital Goods” category
“Special Commendation Award” of Downstream India Excellence Awards 2019 in the category of R&D Company of the Year.
Rajbhasha Shield for FY2018-19 conferred by Ministry of Petroleum & Natural Gas for outstanding work towards promotion of Official Language.
‘IEI Industry Excellence Award 2019’ from The Institution of Engineers (India) in the Engineering and Service Consultancy sector in the category of “organisations having turnover of Rs 500 crore and above”.
FIPI “Young Achiever of the Year in the Oil and Gas Industry” Award for year 2019 to Ms. Seema Gurnani, Manager (Project B), EIL

2020

Top Rankers Excellence Award for Finance Leadership 2020? to Shri Sunil Bhatia, Director (Finance), EIL by by Top Rankers Management Consultants

History and milestones

1964: Incorporated pursuant to a formation agreement dated November 20, 1964 between the Government of India and BIC.
1965: Commenced work in the refineries segment.
1967: Wholly owned Government of India (GoI) company
1969: Expansion to Petrochem with IPCL (now Reliance Industries Ltd)
1970 - 1972: Commenced first international assignment
1970 - 1972: Entered Fertilizer and Non-ferrous metallurgical sector
1975 - 1978: Expansion in Hydrocarbons value chain: Offshore Pipelines Onshore oil and gas
1975 - 1978: Expansion into Onshore oil and gas segment
1989: R&D centre in Gurgaon 18 Patents Process Technologies in Refining and Gas Processing
1997: Accorded the Mini Ratna status Listed on the BSE and NSE
2001: Diversified into Infrastructure
2006: Commenced services in sub-surface crude storages (Vizag Padur & Mangalore)
2010: Successful FPO of 33.6 Million shares of Rs.5 each
2011-13: Expansion into fertilizers projects in overseas territories viz., Bangladesh & Indonesia
2014: Conferred the prestigious 'Navratna' status by the Govt. of India with effect from 24.06.2014.
2014: Largest overseas order from Nigeria
2015: Asset Ownership in Fertilizer Segment with formation of Ramagundam Fertilizers and Chemicals Limited (RFCL), a Joint Venture of EIL, NFL & FCIL.
2015: As part of Golden Jubilee celebrations, Hon’ble Prime Minister of India releases Coffee Table Book and commemorative Postage Stamp.
2016-17: Divestment of 10% equity of Government of India through an Offer for Sale (OFS) Buy back of EIL Shares
2018: The company signs MoU with BHEL for technical collaboration and development of various technologies.
2019: The company signs MoU for 2019-20 with Ministry of Petroleum & Natural Gas.
2019: The company has signed PMC Services Agreement for 1.5 MMTPA Refinery in Mongolia.
2020: Oil India Ltd and Engineers India Ltd-led consortium will buy 48% stake in the Bharat Petroleum Corporation Ltd’s subsidiary, Numaligarh Refinery Ltd (NRL).