Engineers India Limited (ENGINERSIN) AI Stock Analysis

• Market Cap: ₹111.03B
• Dividend Yield: 2.46%
• Average Volume (3M): 166.04K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 1.74
• Revenue Growth: 19.46%
• EPS Growth: 45.22%
• Country: IN
• Employees: 2,658
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 1.80
• Shares Outstanding: 562,042,360
• 10 Day Avg. Volume: 90,069
• 30 Day Avg. Volume: 166,041
• PEG Ratio: 0.52
• Price to Book (P/B): 3.42
• Price to Sales (P/S): 2.96
• P/FCF Ratio: 56.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹218.00 ▲(7.52% Upside)

Engineers India Limited's overall stock score is driven by its strong financial stability and moderate valuation. The company's robust balance sheet and improving profitability metrics are significant strengths. However, challenges in revenue growth and cash flow optimization, combined with mixed technical indicators, slightly temper the overall score. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Financial Stability

A strong equity position and low debt-to-equity ratio indicate robust financial health, reducing financial risk and enhancing long-term stability.

Profitability Improvement

Improved net profit margins reflect enhanced cost management and operational efficiency, supporting sustainable profitability.

Market Position

As a leader in engineering consultancy, the company benefits from a strong market position, providing a competitive edge and growth opportunities.

Negative Factors

Cash Flow Volatility

Volatile cash flow generation can limit financial flexibility, affecting the company's ability to invest in growth and manage operations efficiently.

Revenue Growth Challenges

Struggles to maintain consistent revenue growth may hinder long-term expansion and market competitiveness.

Gross Profit Margin Pressure

Decreasing gross profit margins suggest potential cost management issues, which could impact overall profitability if not addressed.

Engineers India Limited Business Overview & Revenue Model

Company Description

Engineers India Limited, an engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services primarily for oil and gas, and petrochemical industries in India and internationally. The company operates in two segments, Consultancy & Engineering Projects, and Turnkey Projects. It also offers supply chain management services, such as supplier/contractor registration and revalidation, contracting and purchasing of goods/services/works, expediting, inspection, logistics, supplier/contractor performance review, etc.; and develops various process technologies for petroleum refining, oil and gas processing, and aromatics industries. In addition, the company provides construction services comprising pre-construction activities, including bid management process, plot plan review/heavy lift study, etc.; and construction services comprising site construction management, liaison with statutory authorities, construction quality and warehouse management, HSE management, contracts administration, pre commissioning and commissioning assistance, and contract and site closing services. Further, it provides heat and mass transfer equipment design, environment engineering, specialist materials and maintenance, and plant operations and safety services; and pre-feed and feed engineering services for a range of processes in the hydrocarbon processing industry. Additionally, the company offers project management, third party inspection, quality assurance, independent engineer and lender's engineer services, and project appraisal and project execution services. Engineers India Limited was incorporated in 1965 and is headquartered in New Delhi, India.

How the Company Makes Money

Engineers India Limited generates revenue through multiple streams, primarily by offering engineering consultancy and project management services to clients in the oil and gas, petrochemicals, and infrastructure sectors. The company earns money by charging fees for its consultancy services, which include feasibility studies, detailed engineering, and design services. Additionally, ENGINERSIN engages in project execution, where it earns revenue through contracts for construction and supervision work. Key revenue streams include fixed-price contracts, time and materials contracts, and consultancy fees. The company also benefits from strategic partnerships with international firms and government bodies, which enhance its project portfolio and facilitate access to a wider range of clients, contributing significantly to its earnings.

Engineers India Limited Financial Statement Overview

Summary

Engineers India Limited exhibits strong financial stability with a robust balance sheet and improving profitability metrics. However, the company faces challenges in sustaining revenue growth and optimizing cash flow. With minimal debt and strong equity, the company is well-positioned to manage financial risks, but needs to focus on consistent revenue and cash flow improvement for long-term growth.

Income Statement

Engineers India Limited demonstrates moderate revenue growth with fluctuations in annual performance. The gross profit margin has slightly decreased, indicating slight pressure on cost management. The net profit margin improved to 18.79% in 2025 from 13.57% in 2024, showing better profitability. The EBIT and EBITDA margins are stable but reflect a need for consistent improvement. Overall, the company shows resilience in maintaining profitability but faces challenges in sustaining revenue growth.

Balance Sheet

The company maintains a strong equity position with a high equity ratio of 50.68% in 2025. The debt-to-equity ratio is very low, suggesting minimal reliance on debt financing. Return on equity improved to 21.72% in 2025, indicating effective use of equity. The balance sheet is robust, showing financial stability and low leverage, which mitigates financial risk.

Cash Flow

Free cash flow has decreased over the years, reflecting volatility in cash generation. Despite a positive operating cash flow to net income ratio of 0.35 in 2025, the decline in free cash flow indicates challenges in optimizing cash from operations. The company needs to improve its cash flow stability to strengthen financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.34B	30.88B	32.81B	33.30B	29.13B	31.44B
Gross Profit	7.41B	6.86B	5.43B	4.91B	5.61B	5.60B
EBITDA	5.45B	5.17B	3.03B	3.19B	3.56B	3.67B
Net Income	5.54B	5.80B	4.45B	3.46B	1.40B	2.49B
Balance Sheet
Total Assets	0.00	52.65B	47.42B	43.88B	41.77B	44.41B
Cash, Cash Equivalents and Short-Term Investments	13.33B	13.33B	13.71B	17.19B	14.30B	15.00B
Total Debt	0.00	221.36M	330.16M	188.82M	37.22M	40.20M
Total Liabilities	-26.69B	25.96B	24.87B	24.26B	24.07B	26.91B
Stockholders Equity	26.69B	26.69B	22.55B	19.62B	17.70B	17.51B
Cash Flow
Free Cash Flow	0.00	1.61B	3.55B	-1.47B	225.81M	1.60B
Operating Cash Flow	0.00	2.03B	3.89B	-1.13B	483.28M	1.71B
Investing Cash Flow	0.00	-1.30B	1.45B	3.22B	612.64M	7.76B
Financing Cash Flow	0.00	-1.85B	-1.80B	-1.76B	-1.49B	-9.04B

Engineers India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 202.75
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 202.75 is above the 20-day moving average (MA) of 197.16, above the 50-day MA of 197.84, and above the 200-day MA of 195.80, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 57.57 is Neutral, neither overbought nor oversold. The STOCH value of 67.59 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VOLTAMP	73 Outperform	₹74.52B	22.89	―	1.27%	15.87%	-4.28%
PARAS	68 Neutral	₹55.89B	87.36	―	0.07%	24.92%	50.07%
ENGINERSIN	67 Neutral	₹111.03B	20.06	―	2.46%	19.46%	45.22%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KSB	59 Neutral	₹134.54B	52.39	―	0.54%	9.50%	14.52%
BHEL	58 Neutral	₹930.41B	166.58	―	0.18%	13.30%	137.07%
ISGEC	56 Neutral	₹57.75B	30.82	―	0.64%	-4.14%	-35.66%

Engineers India Limited Corporate Events

Engineers India Limited Announces 60th AGM Notice Publication

Engineers India Limited has announced the publication of a notice regarding its 60th Annual General Meeting in compliance with regulatory requirements. This announcement signifies the company’s adherence to governance norms and its commitment to keeping stakeholders informed, which could enhance its credibility and transparency in the market.

Engineers India Limited Announces Senior Management Restructuring

Engineers India Limited has announced a change in its senior management, appointing several new Executive Directors across various departments. This restructuring is expected to enhance the company’s operational efficiency and strengthen its market position, particularly in the hydrocarbon sector, by leveraging the extensive experience of the newly appointed executives.

Engineers India Limited Announces Senior Management Promotions

Engineers India Limited has announced a significant change in its senior management structure, with several executives being promoted to the position of Executive Director. This move, effective from July to September 2025, reflects the company’s strategic focus on strengthening its leadership team to drive future growth and operational excellence. The promotions are expected to enhance the company’s capabilities in project management, technical expertise, and commercial operations, thereby reinforcing its position in the industry.