Engineers India Limited (IN:ENGINERSIN)
:ENGINERSIN
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Engineers India Limited
(ENGINERSIN)
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Rating:71Outperform
Price Target:
₹283.00
▲(37.48% Upside)
Action:UpgradedDate:02/14/26
The score is primarily supported by strong financial stability (low leverage, strong equity base) and improved profitability, partially offset by weaker/volatile cash flow and inconsistent revenue growth. Technical signals are mixed (RSI/Stoch strength but negative MACD), while valuation is reasonable with a moderate P/E and dividend yield.
Positive Factors
Strong balance sheet
Low leverage and a strong equity base give EIL lasting financial flexibility to fund working capital for multi-year projects, absorb cyclical downturns in hydrocarbons, and pursue selective bids or investments without depending on costly external debt, supporting long-term stability.
Negative Factors
Weakened free cash flow
Declining and volatile free cash flow reduces the company's ability to self-fund capex, manage working capital on large projects, and sustain shareholder distributions. In an industry with lumpy milestone receipts, weaker FCF heightens reliance on timely collections and constrains strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Low leverage and a strong equity base give EIL lasting financial flexibility to fund working capital for multi-year projects, absorb cyclical downturns in hydrocarbons, and pursue selective bids or investments without depending on costly external debt, supporting long-term stability.
Read all positive factors
Engineers India Limited (ENGINERSIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹144.70B
Dividend Yield2.51%
Average Volume (3M)166.04K
Price to Earnings (P/E)8.1
Beta (1Y)1.48
Revenue Growth39.19%
EPS Growth86.76%
CountryIN
Employees2,658
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.40
Shares Outstanding562,042,360
10 Day Avg. Volume90,069
30 Day Avg. Volume166,041
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)3.42
Price to Sales (P/S)2.96
P/FCF Ratio56.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹260.00Price Target Upside26.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)10.62
Revenue Forecast (FY)₹47.52B
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. ...
How the Company Makes Money
EIL primarily makes money by charging professional fees for delivering engineering and project services. Its revenue model is largely services-led and typically includes: (1) Engineering and consultancy fees: income from advisory and design work s...
Engineers India Limited Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
81
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 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
Positive
205.85
Price Trends
199.78
Positive
195.95
Positive
201.31
Positive
Market Momentum
8.19
Negative
73.22
Negative
91.45
Negative
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 above the 20-day moving average (MA) of 201.92, above the 50-day MA of 199.78, and above the 200-day MA of 201.31, indicating a bullish trend. The MACD of 8.19 indicates Negative momentum. The RSI at 73.22 is Negative, neither overbought nor oversold. The STOCH value of 91.45 is Negative, 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹113.23B | 20.04 | ― | 1.27% | 19.17% | 9.99% | |
71 Outperform | ₹144.70B | 8.14 | ― | 2.51% | 39.19% | 86.76% | |
68 Neutral | ₹65.16B | 75.72 | ― | 0.07% | 23.02% | 33.45% | |
67 Neutral | ₹80.44B | 24.01 | ― | 0.59% | -0.51% | -4.93% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹174.11B | 48.57 | ― | 0.51% | 6.42% | 9.26% | |
58 Neutral | ₹1.21T | 64.16 | ― | 0.18% | 10.36% | 56.87% |
* Industrials Sector Average
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Engineers India Limited Corporate Events
Engineers India Gets Interim CMD as Government Assigns Additional Charge
Mar 1, 2026
Engineers India Limited announced that the Ministry of Petroleum Natural Gas has entrusted Praveen M. Khanooja, Additional Secretary in the ministry, with additional charge as Chairman and Managing Director. His appointment is effective from 1 Ma...
Engineers India Limited Announces Completion of CMD Vartika Shukla’s Term
Mar 1, 2026
Engineers India Limited has announced that Chairman and Managing Director Vartika Shukla has ceased to hold her position effective 1 March 2026, following her superannuation on 28 February 2026. The leadership change marks the end of her term at t...
Engineers India Announces Second Interim Dividend and Sets Record Date
Feb 24, 2026
Engineers India Limited has notified the stock exchanges that it has published a newspaper advertisement informing shareholders about the declaration of a second interim dividend for the financial year 2025-26, along with details on the applicable...
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.