Provides engineering consultancy and turnkey (LSTK/EPCC) project execution services to hydrocarbon, fertilizer, infrastructure, and critical minerals clients, both in India and overseas. Revenue is split between Consultancy & Engineering Projects at 46.3% of FY26 segment revenue (Rs 1,782 crore) and Turnkey Projects at 53.7% (Rs 2,068 crore). The order book reached Rs 15,109 crore as of 31 March 2026, up from Rs 11,717 crore a year earlier, with FY26 order inflow of Rs 7,979 crore. Major contract wins include a $360 million Dangote refinery project and a $70 million Dangote fertilizer project in Nigeria, both underway since January 2026. A long-term agreement was signed with Saudi Aramco and a Memorandum of Agreement with Hinduston Copper for consultancy on copper, critical minerals and rare earth elements, expanding the scope beyond traditional hydrocarbons. It is a Government of India PSU under the Ministry of Petroleum and Natural Gas. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Turnkey Projects (54%), Consultancy & Engineering Projects (46%). Cyclical, project-based engineering consultancy and EPC services
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,913 | 3,330 | 3,281 | 3,088 | 3,928 |
| EBITDA (ex other income) | 344 | 308 | 297 | 512 | 696 |
| margin % | 11.8 | 9.3 | 9.1 | 16.6 | 17.7 |
| Owners' profit | 140 | 346 | 445 | 580 | 692 |
| EPS, as reported (₹) | 2.48 | 6.16 | 7.92 | 10.32 | 12.30 |
| ROE % · ROCE % | 7.9 · 25.2 | 17.7 · 22.5 | 19.7 · 20.9 | 21.7 · 23.4 | 22.0 · 26.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 48 | (113) | 222 | 109 | 319 |
| Capex | (26) | (35) | (34) | (42) | (69) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 689 | 765 | 1,010 | 870 | 921 | 1,210 | 926 | 820 |
| Profit before tax | 99 | 126 | 326 | 97 | 146 | 401 | 203 | 154 |
| Net profit | 100 | 109 | 280 | 65 | 83 | 347 | 196 | 158 |
| EPS (₹) | 1.77 | 1.94 | 4.98 | 1.16 | 1.49 | 6.18 | 3.47 | 2.81 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Consultancy & Engineering Projects | 1,860 | 47.4 |
| Turnkey Projects | 2,068 | 52.6 |
| Total, before eliminations | 3,928 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · CAG appoints SCV and Co LLP as Statutory Auditors for FY 2026-27 | management changes | medium | — | — |
| 8 Sept 2026 · Engineers India gets statutory auditor for FY 2026-27 | management changes | medium | — | — |
| 3 Sept 2026 · Director Commercial additional charge extended to current C&MD | management changes | medium | — | — |
| 31 Aug 2026 · Engineers India: 61st AGM on 18 Sep 2026; Rs 2.50 Final Dividend Proposed | compliance | minimal | — | — |
| 27 Aug 2026 · Newspaper notice for 61st AGM and e-voting details | compliance | minimal | — | — |
| 26 Aug 2026 · Engineers India 61st AGM on Sep 18, 2026; final dividend of Rs 2.50 per share | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Newspaper publication of 61st AGM notice | compliance | minimal | — | — |
| 19 Aug 2026 · EIL sets 24-Sep-2026 as record date for FY26 final dividend | corporate actions | low | — | — |
| 19 Aug 2026 · 61st AGM on 18 Sep 2026; record date 24 Sep for final dividend | corporate actions | high | — | — |
| 19 Aug 2026 · Record date for final dividend FY26 fixed at 24 Sep 2026 | corporate actions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 42,722 |
| 47.5 |
| 4.35 |
| 30.4 |
| 8.9 |
| 7.5 |
| 5.8 |
| 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD ◆ | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.3 | 14.9 | 65 of 107 | 40% |
| P/B | 4.8 | 1.4 | 79 of 86 | 8% |
| ROCE | 26.5 | 10.0 | 16 of 109 | 86% |
| ROE | 22.0 | 9.2 | 13 of 91 | 87% |
| Debt / Equity | 0.0 | 0.3 | 4 of 91 | 88% |
| EBITDA margin | 20.1 | 12.4 | 18 of 88 | 81% |
| Revenue growth | (5.8) | 6.2 | 60 of 86 | 31% |
| Profit growth | 141.5 | 2.7 | 8 of 84 | 92% |
| Market cap | 15144 | 485 | 7 of 108 | 94% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
