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Engineers India Limited
(ENGINERSIN)
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Rating:72Outperform
Price Target:
₹267.00
▲(29.71% Upside)
Action:Reiterated
Date:05/23/26
The score is primarily supported by strong financial performance—especially the exceptionally low leverage and improved profitability—partly offset by inconsistent cash-flow reliability. Technicals are mixed with near-term weakness versus short-term averages but a still-positive longer-term trend, while valuation appears reasonable with a modest dividend yield.
Positive Factors
Conservative Balance Sheet
Extremely low leverage and steadily rising equity provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate risk, supports competitive bidding (bonds/guarantees) and cushions execution delays, enabling strategic investment or selective M&A without stressing liquidity.
Negative Factors
Inconsistent Cash Conversion
Material year-to-year swings in operating cash flow and past negative OCF indicate working-capital and timing volatility. That inconsistency can strain liquidity during large project executions, increase reliance on advance payments or short-term funding, and raise execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage and steadily rising equity provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate risk, supports competitive bidding (bonds/guarantees) and cushions execution delays, enabling strategic investment or selective M&A without stressing liquidity.
Read all positive factors
Engineers India Limited (ENGINERSIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹124.97B
Dividend Yield2.02%
Average Volume (3M)166.04K
Price to Earnings (P/E)18.1
Beta (1Y)1.33
Revenue Growth27.23%
EPS Growth19.20%
CountryIN
Employees2,658
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)12.30
Shares Outstanding562,042,360
10 Day Avg. Volume90,069
30 Day Avg. Volume166,041
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)3.59
Price to Sales (P/S)2.88
P/FCF Ratio45.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.48
Revenue Forecast (FY)₹44.37B
Engineers India Limited Business Overview & Revenue Model
Company Description
Engineers India Limited (EIL) functions as a prominent engineering consultancy, delivering a complete range of services from conceptual design and detailed engineering to procurement, construction, and integrated project management. The company pr...
How the Company Makes Money
Engineers India Limited makes money primarily by charging fees for professional services and by earning margins/fees on executing and managing projects for clients. Key revenue streams include: (1) Consultancy/engineering services fees: EIL genera...
Engineers India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
64
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 39.28B | 30.88B | 32.81B | 33.30B | 29.13B |
| Gross Profit | 21.13B | 6.86B | 5.43B | 4.91B | 5.61B |
| EBITDA | 9.38B | 5.17B | 3.03B | 3.19B | 3.56B |
| Net Income | 6.92B | 5.80B | 4.45B | 3.46B | 1.40B |
Balance Sheet | |||||
| Total Assets | 58.69B | 52.65B | 47.42B | 43.88B | 41.77B |
| Cash, Cash Equivalents and Short-Term Investments | 25.98B | 13.33B | 13.71B | 17.19B | 14.30B |
| Total Debt | 168.02M | 221.36M | 330.16M | 188.82M | 37.22M |
| Total Liabilities | 27.24B | 25.96B | 24.87B | 24.26B | 24.07B |
| Stockholders Equity | 31.46B | 26.69B | 22.55B | 19.62B | 17.70B |
Cash Flow | |||||
| Free Cash Flow | 2.50B | 1.61B | 3.55B | -1.47B | 225.81M |
| Operating Cash Flow | 3.19B | 2.03B | 3.89B | -1.13B | 483.28M |
| Investing Cash Flow | -1.01B | -1.30B | 1.45B | 3.22B | 612.64M |
| Financing Cash Flow | -2.69B | -1.85B | -1.80B | -1.76B | -1.49B |
Engineers India Limited Technical Analysis
Positive
205.85
Price Trends
235.03
Positive
229.36
Positive
212.10
Positive
Market Momentum
-2.45
Negative
58.65
Neutral
75.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ENGINERSIN, the sentiment is Positive. The current price of 205.85 is below the 20-day moving average (MA) of 228.71, below the 50-day MA of 235.03, and below the 200-day MA of 212.10, indicating a bullish trend. The MACD of -2.45 indicates Negative momentum. The RSI at 58.65 is Neutral, neither overbought nor oversold. The STOCH value of 75.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ENGINERSIN.
Engineers India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹124.97B | 18.08 | ― | 2.51% | 27.23% | 19.20% | |
64 Neutral | ₹113.99B | 24.06 | ― | 0.91% | 43.33% | 9.64% | |
62 Neutral | ₹5.42T | 30.22 | ― | 1.00% | 9.78% | 13.15% | |
59 Neutral | ₹57.29B | 239.92 | ― | 1.86% | -1.86% | -89.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹60.82B | 25.38 | ― | 0.58% | 6.14% | -4.01% | |
48 Neutral | ₹124.86B | 20.61 | ― | 0.74% | 7.59% | 4.99% |
* General Sector Average
IN:ENGINERSIN
Engineers India Limited
242.30
43.71
22.01%
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Engineers India Limited Corporate Events
Engineers India Clears FY26 Results and Proposes ₹2.50 Final Dividend
May 21, 2026
Engineers India Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing unmodified opinions, indicating a clean audit. The filin...
Engineers India Clears FY26 Results, Proposes Rs 2.50 Final Dividend
May 21, 2026
Engineers India Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion on the accounts. The review covere...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.