Mewar Hi-Tech Engineering Limited

BSE: MHEL · Civil Construction

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Snapshot

Unlock Mewar Hi-Tech Engineering Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mewar Hi-Tech Engineering Limited is an Udaipur-based manufacturer specialising in heavy-duty machinery for the mining, quarrying, and construction sectors. The company produces industrial crushers, vibrating screens, and sand-making machines under the 'Mewar' brand.

Business Model

The company generates revenue through the design, manufacture, and sale of industrial crushing and screening equipment. It further supports its business model by providing customised engineering solutions, spare parts, and ongoing maintenance services.

Management Commentary

Management focuses on leveraging the company's long-standing presence in the domestic market to serve both small-scale quarry owners and large infrastructure firms. The strategy emphasises providing essential equipment for road construction and mineral processing projects.

Growth Outlook

Growth is primarily driven by the ongoing expansion of India's infrastructure development and road construction sectors. The company aims to capitalise on increased demand for mineral processing and aggregate production equipment.

Key Risks

  • Cyclicality of Infrastructure Sector. The company's performance is highly dependent on the pace of national infrastructure projects and capital expenditure in the mining sector.
  • Raw Material Price Volatility. Fluctuations in the cost of steel and other industrial components can significantly impact manufacturing margins.
  • Competitive Pressure. The crushing and screening equipment market is highly competitive, with risks from both domestic players and imported machinery.

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Peers · Civil Construction

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mewar Hi-Tech Engineering LimitedMHEL
10.0%
Larsen & Toubro Ltd.LT
₹5.57L Cr33.5518.559.8%12.3%19.0%15.0%+12.4%
Rail Vikas Nigam Ltd.RVNL
₹44,665 Cr49.7030.995.4%7.6%9.2%10.5%-29.2%
Kalpataru Projects International Ltd.KPIL
₹23,674 Cr20.8310.4314.6%8.9%15.8%21.7%+11.0%
NBCC (India) Ltd.NBCC
₹23,625 Cr31.9321.073.5%7.5%27.9%32.9%-11.0%
IRB Infrastructure Developers Ltd.IRB
₹23,033 Cr17.669.80-2.2%56.7%4.7%6.2%-55.5%

As of Mar 2026

Financials