Engineers India Limited (ENGINERSIN) AI Stock Analysis

Top Page

Engineers India Limited

(NSE:ENGINERSIN)

Select Model

Rating:76Outperform

Price Target:INR 304.00▲(20.80% Upside)

Action:reiterated

Date:08/23/26

The score is driven primarily by strong financial health—especially the exceptionally low leverage and improved profitability—partly offset by inconsistent cash-flow generation. Technicals add support via a clear uptrend with moderate positive momentum, while valuation appears broadly fair with a modest dividend yield.

Positive Factors

Conservative balance sheetMinimal leverage and steadily rising equity provide substantial financial flexibility for an engineering consultancy. The conservative capital structure reduces interest burden and refinancing exposure, allowing EIL to withstand project-cycle volatility and fund future opportunities without relying heavily on debt.

Negative Factors

Inconsistent cash conversionAlthough FY2026 cash generation was positive, uneven operating cash flow and modest conversion of earnings into cash indicate working-capital or project-timing swings. Persistent variability could constrain reinvestment, reduce financial predictability, and make reported earnings less dependable for funding operations.

Engineers India Limited (ENGINERSIN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 141.55B
Dividend Yield: 1.99%
Average Volume (3M): 317.43K
Price to Earnings (P/E): 18.1
Beta (1Y): 1.23
Revenue Growth: 6.00%
EPS Growth: 66.97%
Country: India
Employees: 2,747
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

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 prima...

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 generates...

Engineers India Limited Financial Statement Overview

Summary

Strong overall fundamentals led by a very conservative balance sheet (minimal leverage; steadily rising equity) and a meaningful profitability rebound in the latest year (revenue up +17.8% with sharply higher margins). The main drag is cash-flow inconsistency and uneven cash conversion across years, which adds working-capital and execution risk despite improved earnings.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

64Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	38.78B	39.28B	30.88B	32.81B	33.30B	29.13B
Gross Profit	16.13B	21.13B	6.86B	5.43B	4.91B	5.61B
EBITDA	9.89B	9.38B	5.35B	3.18B	3.26B	3.63B
Net Income	7.84B	6.92B	5.80B	4.45B	3.46B	1.40B
Balance Sheet
Total Assets	0	58.69B	52.65B	47.42B	43.88B	41.77B
Cash, Cash Equivalents and Short-Term Investments	14.47B	14.47B	13.33B	13.71B	17.19B	14.30B
Total Debt	0	168.02M	221.36M	330.16M	188.81M	37.22M
Total Liabilities	-31.46B	27.24B	25.96B	24.87B	24.26B	24.07B
Stockholders Equity	31.46B	31.46B	26.69B	22.55B	19.62B	17.70B
Cash Flow
Free Cash Flow	0	2.50B	1.61B	3.55B	-1.47B	225.81M
Operating Cash Flow	0	3.19B	2.03B	3.89B	-1.13B	483.28M
Investing Cash Flow	0	-1.01B	-1.30B	1.45B	3.22B	612.64M
Financing Cash Flow	0	-2.69B	-1.85B	-1.80B	-1.76B	-1.49B

Engineers India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price251.65

Price Trends

50DMA273.99Negative

100DMA254.44Negative

200DMA232.18Positive

Market Momentum

MACD-8.69Positive

RSI38.51Neutral

STOCH44.92Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ENGINERSIN, the sentiment is Negative. The current price of 251.65 is below the 20-day moving average (MA) of 276.79, below the 50-day MA of 273.99, and above the 200-day MA of 232.18, indicating a neutral trend. The MACD of -8.69 indicates Positive momentum. The RSI at 38.51 is Neutral, neither overbought nor oversold. The STOCH value of 44.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ENGINERSIN.

Engineers India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ENGINERSIN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ENGINERSIN	76Outperform	INR 141.44B	18.05	―	1.99%	6.00%	66.97%
IN:LT	68Neutral	INR 5.31T	27.40	―	0.99%	11.15%	17.37%
IN:TECHNOE	58Neutral	INR 96.55B	22.38	―	0.84%	38.72%	-6.77%
IN:ISGEC	57Neutral	INR 67.61B	34.51	―	0.65%	19.79%	-16.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PRAJIND	52Neutral	INR 44.36B	130.65	―	1.49%	1.76%	-67.80%
IN:KEC	46Neutral	INR 87.75B	15.85	―	1.67%	5.14%	-9.35%

* General Sector Average

Performance Comparison

IN:ENGINERSIN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ENGINERSIN	Engineers India Limited	251.65	54.60	27.71%
IN:ISGEC	ISGEC Heavy Engineering Ltd.	919.55	34.67	3.92%
IN:KEC	KEC International Ltd.	329.65	-472.86	-58.92%
IN:LT	Larsen & Toubro Limited	3858.00	-83.60	-2.12%
IN:PRAJIND	PRAJ Industries Limited	241.35	-94.95	-28.23%
IN:TECHNOE	Techno Electric & Engineering Company Limited	830.15	-500.52	-37.61%

Engineers India Limited Corporate Events

Engineers India Sets September 18 Virtual AGM, Confirms New Leadership and Dividend

Aug 26, 2026

Engineers India Limited has scheduled its 61st Annual General Meeting for September 18, 2026, to be held via video conferencing, and has circulated its integrated annual report for the 2025-26 financial year electronically to shareholders. The meetin...

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.

Date of analysis: Aug 23, 2026

Engineers India Limited AI Stock Analysis

Top Page