M & B Engineering Limited

NSE: MBEL · Civil Construction

52W Range₹223 ₹536

Snapshot

Unlock M & B Engineering Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

M & B Engineering Limited specialises in the design, manufacturing, and installation of pre-engineered metal buildings, self-supported steel roofing, and complex structural steel components. The company serves a diverse range of industrial sectors including power, logistics, textiles, and railways.

Business Model

The company generates revenue through engineering, procurement, and construction (EPC) contracts, providing bespoke steel solutions for large-scale infrastructure and industrial projects. Its business model relies on technical expertise in structural steel fabrication and global project execution.

  • Incorporation Year:1981

Growth Outlook

Growth is driven by the increasing demand for pre-engineered building solutions in industrial and infrastructure sectors across its domestic and international markets. The company leverages its established presence in multiple countries to capture opportunities in global construction projects.

Key Risks

  • Project Execution Risk. Delays in large-scale infrastructure projects or supply chain disruptions could adversely impact the company's operational timelines and profitability.
  • Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials directly affect the cost of production and project margins.
  • Geopolitical and Currency Risk. Operating in diverse international markets exposes the company to currency exchange rate fluctuations and varying regulatory environments.
  • Cyclicality of Construction Sector. The company's performance is sensitive to the cyclical nature of the infrastructure and industrial construction sectors, which are influenced by broader economic conditions.

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Key Metrics

P/E

15.9x

Q1 FY27 · consolidated

15.9 vs 17.7x5Y avg

EV/EBITDA

9.6x

Q1 FY27 · consolidated

9.6 vs 10.4x5Y avg

NET PROFIT MARGIN

7.5%

Q1 FY27 · consolidated

-0.1 ppYoY

Peers · Civil Construction

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
M & B Engineering LimitedMBEL
₹1,544 Cr15.859.5912.1%14.7%21.3%-34.2%
Garuda Construction and Engineering LimitedGARUDA
₹1,663 Cr12.228.9884.0%31.9%29.9%40.7%-13.8%
Vikran Engineering LimitedVIKRAN
₹1,567 Cr14.798.7816.1%8.4%15.7%-34.0%
SPML InfraSPMLINFRA
₹1,522 Cr16.5218.4137.9%9.9%9.9%6.6%-36.4%
GPT InfraprojectGPTINFRA
₹1,417 Cr14.398.791.6%15.2%17.0%24.2%-3.7%
B. L. Kashyap and Sons LimitedBLKASHYAP
₹1,338 Cr2967.0012.9221.8%9.0%0.1%10.3%-14.4%

As of Q1 FY27

Financials