MBELIndustrials

M & B Engineering Limited

Civil Construction · ISIN INE08N601015 · BSE 544470 · NSE EQ · FV ₹10
Last price
₹251
-1.18%today
What this company does

M & B Engineering Limited operates in Civil Construction, part of the Industrials sector. It booked ₹291 cr of revenue in its latest quarter (Q1 FY27) and kept 7.4% of sales as profit.

63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
28

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet72

How much it owes, and whether earnings cover the interest

Cash quality24

Whether reported profit actually arrives as cash

Valuation61

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 22% vs last year
Profit up 19% vs last year
Promoters hold 71%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 7.4% net margin

What if I invest in MBEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹251 -1.18%
latest close · 2026-09-17
52-wk low ₹24742 sessions so far52-wk high ₹322
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.8Average
LowAverageHigh
P/B ratio2.19Moderate
Below bookModerateHigh
EV / EBITDA9.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.1%Fair
WeakFairStrong ▸15%
Return on capital19.1%Strong
WeakFairStrong
Net margin7.4%Decent
ThinDecentStrong
EBITDA margin12.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.12Comfortable
LowModerateHigh ▸1
Interest cover11.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.92Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,437 cr
Book value
₹115
EPS
₹3.75
latest quarter
Net debt
₹-17 cr
more cash than debt
Enterprise value
₹1,420 cr
EBITDA
₹143 cr
annualised
EBIT
₹128 cr
annualised
Operating margin
11.0%
Return on assets
7.4%
Earnings yield
5.97%
P/S
1.23
Sales / share
₹203.8
Tax rate
25.2%
Face value
₹10
Shares
5.7 cr
Working capital
₹449 cr
Current assets
₹939 cr
Current liabilities
₹490 cr
Delivery %
47.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹117₹117, midpoint ₹117

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹291 cr
Other Income₹5 cr
Total Income₹296 cr
Cost of Materials₹197 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-3 cr
Employee Benefit Expense₹32 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹35 cr
Total Expenses₹267 cr
Profit before Tax₹29 cr
Tax Expense₹7 cr
Net Profit₹22 cr
Net margin on total income7.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹194 cr65.4%
Employee benefit expense₹32 cr10.7%
Finance costs₹3 cr0.9%
Depreciation & amortisation₹4 cr1.2%
Other expenses₹35 cr11.9%
Tax expense₹7 cr2.5%
Profit for the period₹22 cr7.4%
Total income ₹296 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue352 cr364 cr291 cr
Total income355 cr369 cr296 cr
Expenses320 cr333 cr267 cr
Profit before tax35 cr36 cr29 cr
Tax9 cr9 cr7 cr
Net profit (owners' share)25 cr27 cr21 cr
Net margin (owners' share, on revenue)7.2%7.5%7.4%
EPS (₹)4.464.763.75
YoY (latest quarter): total income +22.5% · net profit +19.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,161 cr
Shareholder equity
₹657 cr
parent shareholders
Total debt
₹79 cr
Cash
₹96 cr
Cash flow · H1 FY26
Operating
₹8 cr
Investing
₹-151 cr
Financing
₹160 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.40%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 10 Sep 2026
ActionDetailEx-date
Dividend₹1 / share10 Sep 2026
Who owns it · 2026-06-30
No pledge
Promoter
70.6%
FII / Foreign
0.8%
DII / Domestic
9.6%
Retail / others
18.9%
Promoter stake up 0.2% over the last 5 quarters.
Smart-money activity
Insider trades
BoughtBirju Maheshbhai Patel · Director3,744 · ₹10.1 L13 Aug 26
BoughtMalav Girishbhai Patel · Promoters12,500 · ₹43.9 L16 Feb 26
BoughtAditya Vipinbhai Patel · Promoters5,000 · ₹17.0 L16 Feb 26
Bulk / block deals
BoughtHRTI PRIVATE LIMITED · NSE3.86 L @ ₹450.1211 Nov 25
SoldHRTI PRIVATE LIMITED · NSE3.81 L @ ₹444.5511 Nov 25
BoughtMATHISYS ADVISORS LLP · NSE3.12 L @ ₹498.877 Nov 25
Stake changes
BoughtUmaben Girishbhai Patel · promoter→ 2.83% · 10,00016 Jun 26
BoughtBirva Chirag Patel · promoter→ 7.03% · 10,00016 Jun 26
BoughtChirag Hasmukhbhai Patel, · promoter→ 24.74% · 12,00011 Jun 26
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 17 Sep 2026
See the official result
1
Adoption of the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
42.00 L votes for, 6 against · 0% of mutual funds and other big investors said no
2
Declaration of final dividend of Rs. 1.00/- (Rupees One only) per fully paid-up Equity Share of face value of 10/- each
Backed by 100% of shareholders other than promotersneeded 50%
42.00 L votes for, 7 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Aditya Vipinbhai Patel (DIN: 07103812), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
42.00 L votes for, 7 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Ms. Birva Chirag Patel (DIN: 07203299), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers herself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
42.00 L votes for, 7 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 98 named members
owning 70.6% between them · as of 2026-06-30
Girishbhai Manibhai Patel27.16%
Chirag Hasmukhbhai Patel24.74%
Birva Chirag Patel7.03%
Aditya Vipinbhai Patel3.53%
Vipinbhai Kantilal Patel3.52%
Umaben Girishbhai Patel2.83%
Malav Girishbhai Patel1.77%
Chirag H Patel Family Trust0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹275 cr raised in Aug 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 57% of what it set aside, leaving ₹113 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities
18%
₹24 cr of ₹131 cr
Investment in information technology (“IT”) software upgradation by our Company
0%
₹0 cr of ₹5 cr
Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by our Company
100%
₹59 cr of ₹59 cr
General corporate purposes
99%
₹64 cr of ₹65 cr
Spent by quarter: 50%57% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures
₹275 cr raised in Aug 2025 by offering new shares to existing shareholders

As of Mar 2026, the company says it has spent 53% of what it set aside, leaving ₹122 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities
11%
₹15 cr of ₹131 cr
Investment in information technology (“IT”) software upgradation by our Company
0%
₹0 cr of ₹5 cr
Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by our Company
100%
₹59 cr of ₹59 cr
General corporate purposes
99%
₹64 cr of ₹65 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.