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NSE:MBEL

M AND B ENGINEERING LTD

Construction › Construction
₹264.10
at close · 8 Oct 2026
▼ 23.90 (-8.30%)
ThemesRailways· growing

Latest filings

  1. Trading window closed from Oct 1 ahead of Q2 results · Compliance
  2. Investor/Analyst meeting schedule for Bharat Connect Conference · Board & Shareholder Meetings
  3. Shareholders approve re-appointment of two Whole-time Directors · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Designs and manufactures pre-engineered steel buildings and self-supported roofing through two divisions. Phenix sells pre-engineered building (PEB) solutions — fabricated steel structures used as warehouses, industrial facilities, and increasingly data centres — and contributed about 80% of FY26 revenue. Proflex sells self-supported roofing sheets and accounts for the remaining ~20%. FY26 consolidated revenue was INR 1,259.72 cr, up 27% year-on-year, on an unexecuted order book of INR 1,083 cr and record order inflows of INR 1,539 cr. Exports (primarily to North America) grew 156% to INR 165.62 cr in FY26, with the US sectoral tariff reduced to 25% effective April 2026. Phenix FY26 volume was 72,000 MT and Proflex volume was around 17 lakh sq. meters, with the Sanand plant set to reach 92,000 MT per annum after a 20,000 MT expansion in Q2 FY27. Materials (dominated by steel) made up 69.2% of revenue, and Q4 FY26 margins were compressed by 20%+ steel price inflation and freight cost spikes linked to the Iran conflict.

Revenue mix · reported segments
Phenix — Pre-engineered buildings80.0%
Proflex — Self-supported roofing20.0%
Operating scale
Unexecuted order book
INR 1,083 crFY26
Order inflow FY26
INR 1,539 cr (+28% YoY)FY26
Sanand PEB capacity post-expansion
92,000 MT per annumQ2 FY27 onwards
Export revenue
INR 165.62 cr (+156% YoY)FY26
Phenix volume
72,000 MTFY26
Proflex volume
~17 lakh sq. metersFY26
Who pays it
Indian industrial, warehousing and data-centre developers; export customers primarily in North America.
Biggest cost
Steel and other raw materials at 69.2% of revenue.
Kind of business
Asset-heavy pre-engineered buildings and roofing manufacturer; input-cost sensitive to steel prices and freight.
Where it sits
Sanand plant described as the only AISC-certified PEB plant in India; exports primarily to North America.
Market Cap
₹1,534 Cr
P / E (TTM)
15.8×
EV / EBITDA
9.6×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
21.0%▲
ROCE (FY26)
ROE 14.1% · margin 12.4%
Leverage
0.12·
Debt / Equity · low
Net cash ₹17 Cr
Moves on a normal day
1.64%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#55/101
P/B#61/85
ROCE#24/107
ROE#23/87
Debt / Equity#20/87
EBITDA margin#45/88
Revenue growth#25/86
Profit growth#27/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Returns on capital 21.0%
#24 of 107 in Civil Construction on the latest reported figures
Debt at 0.12× equity
lower than 78% of its 87 Civil Construction peers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

MBEL · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from M AND B ENGINEERING LTD's filed financials and exchange disclosures

What does M AND B ENGINEERING LTD do?

M AND B ENGINEERING LTD is a Construction company listed on NSE and BSE, trading under the symbol MBEL.

Is M AND B ENGINEERING LTD profitable?

Yes. Over the trailing twelve months M AND B ENGINEERING LTD reported a net profit of ₹97 Cr on revenue of ₹1,313 Cr.

Does M AND B ENGINEERING LTD pay a dividend?

Not in the latest reported year — M AND B ENGINEERING LTD's dividend payout for FY26 was nil.

Is M AND B ENGINEERING LTD debt-free?

On a net basis, yes. It reported borrowings of ₹79 Cr on its 31 Mar 2026 balance sheet, but holds ₹17 Cr more cash than debt.

Is M AND B ENGINEERING LTD expensive compared with its peers?

On trailing P/E, M AND B ENGINEERING LTD ranks 55 of 101 in Civil Construction — cheaper than 46% of them, against an industry median of 14.6×. This is a position, not a valuation judgement.

How much does the M AND B ENGINEERING LTD share price move in a day?

On a typical session M AND B ENGINEERING LTD moves 1.64% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track M AND B ENGINEERING LTD's announcements?

Every NSE and BSE filing by M AND B ENGINEERING LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.