Want to see IN:MBEL full AI Analyst Report?
Top Page
M & B Engineering Limited
(MBEL)
Select Model
Select Model
Rating:60Neutral
Price Target:
₹282.00
▼(-24.74% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by improved profitability and a much stronger balance sheet, but is held back materially by negative FY2026 operating/free cash flow (weak cash conversion) and bearish technicals (price below key moving averages with negative MACD and weak RSI/Stoch). Valuation is moderately supportive with a mid-teens P/E, but dividend support cannot be assessed.
Positive Factors
Stronger balance sheet
Material debt reduction and a much larger equity base enhance solvency and financial resilience. Lower leverage reduces interest and covenant pressure, increases capacity for opportunistic investment or bidding on large contracts, and cushions cyclical industry swings over months.
Negative Factors
Negative cash generation
Deep negative operating and free cash flows signal poor cash conversion of earnings, raising reliance on external funding. Persistent cash deficits strain liquidity, limit self-funded growth, and elevate refinancing and covenant risk if working-capital swings persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger balance sheet
Material debt reduction and a much larger equity base enhance solvency and financial resilience. Lower leverage reduces interest and covenant pressure, increases capacity for opportunistic investment or bidding on large contracts, and cushions cyclical industry swings over months.
Read all positive factors
M & B Engineering Limited (MBEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.46B
Dividend Yield0%
Average Volume (3M)13.80K
Price to Earnings (P/E)15.8
Beta (1Y)2.12
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees1,631
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)4.07
Shares Outstanding57,160,717
10 Day Avg. Volume7,159
30 Day Avg. Volume13,797
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)1.88
Price to Sales (P/S)0.98
P/FCF Ratio-17.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20
Revenue Forecast (FY)₹15.12B
M & B Engineering Limited Business Overview & Revenue Model
Company Description
M & B Engineering Ltd. is an engineering firm specializing in the end-to-end process of designing, manufacturing, and installing prefabricated metal structures, independent steel roofing systems, and complex steel components. The company fabricate...
How the Company Makes Money
null...
M & B Engineering Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.20B | 12.60B | 9.89B | 7.95B | 8.80B | 6.88B |
| Gross Profit | 1.72B | 2.88B | 3.12B | 2.21B | 2.12B | 1.92B |
| EBITDA | 795.79M | 1.56B | 1.31B | 882.00M | 712.00M | 486.24M |
| Net Income | 507.13M | 926.36M | 770.47M | 456.34M | 328.92M | 163.13M |
Balance Sheet | ||||||
| Total Assets | 10.14B | 11.61B | 8.49B | 6.33B | 5.59B | 5.47B |
| Cash, Cash Equivalents and Short-Term Investments | 724.06M | 2.79B | 296.35M | 734.41M | 981.99M | 514.35M |
| Total Debt | 1.14B | 835.22M | 1.91B | 2.05B | 1.50B | 1.01B |
| Total Liabilities | 4.19B | 5.04B | 5.43B | 4.00B | 3.79B | 4.02B |
| Stockholders Equity | 5.95B | 6.57B | 3.07B | 2.33B | 1.81B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | -274.50M | -721.99M | -67.32M | -724.20M | 107.74M | 288.85M |
| Operating Cash Flow | -137.72M | -387.53M | 355.89M | 56.59M | 289.70M | 366.68M |
| Investing Cash Flow | -1.54B | -483.60M | -340.56M | -622.81M | -119.44M | -24.89M |
| Financing Cash Flow | 1.95B | 1.53B | -453.39M | 318.64M | 297.38M | -333.20M |
M & B Engineering Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹6.00B | 32.60 | ― | 0.91% | 48.68% | 139.19% | |
60 Neutral | ₹15.46B | 15.83 | ― | 0.00% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹346.84M | -0.11 | ― | 0.31% | -25.61% | 46.82% | |
45 Neutral | ₹318.60M | -54.98 | ― | ― | 576.73% | -108.98% | |
44 Neutral | ₹8.63B | 0.26 | ― | 0.08% | -21.46% | ― |
* General Sector Average
IN:MBEL
M & B Engineering Limited
267.50
-166.55
-38.37%
IN:KAUSHALYA
Kaushalya Infrastructure Development Corporation Ltd
888.00
-705.05
-44.26%
IN:MADHUCON
Madhucon Projects Limited
4.65
-1.65
-26.19%
IN:MBECL
McNally Bharat Engineering Co. Ltd.
271.77
268.53
8287.96%
IN:MOLDTECH
Mold-Tek Technologies Limited
216.40
54.03
33.28%
IN:SKIL
SKIL Infrastructure Limited
0.83
-0.86
-50.89%
M & B Engineering Limited Corporate Events
M & B Engineering Plans Investor Meetings at Equirus India Conference 2026
Aug 10, 2026
M B Engineering Limited has informed stock exchanges that it will participate in the Equirus Annual India Conference 2026 on Thursday, 13 August 2026, for in-person meetings with investors and analysts. The company emphasized that discussions wil...
M & B Engineering Closes Insider Trading Window Ahead of Quarterly Results
Jun 25, 2026
M B Engineering Limited has notified the stock exchanges that it is closing its trading window for insiders from 1 July 2026 until 48 hours after the announcement of its unaudited financial results for the quarter ending 30 June 2026. This measur...
M & B Engineering Publishes Audited FY26 Results in Newspapers and Online
May 13, 2026
M B Engineering Limited has notified the stock exchanges that it has published extracts of its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 in two newspapers, Business Standard and Jai Hind. T...
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.