Provides engineering consultancy and surveying services to Indian government and public-sector clients, earning fees from project-based contracts across railways, roads, urban development, geospatial mapping and maritime infrastructure. Work scopes include Detailed Project Reports (DPRs) for bridges, flyovers and bypasses; Authority Engineer services for railway lines; track geometry measurement using portable trolley systems; Town Planning Schemes for Greenfield satellite townships; GIS-based urban spatial data and base map preparation; licensed land surveying; and maritime/port engineering. FY26 revenue was ₹171.7 crore (+11.4% YoY) with EBITDA of ₹51 crore (29.7% margin) and PAT of ₹37.2 crore. The order book stood at ₹615+ crore as of March 2026, with ₹750+ crore of new orders booked during FY26 and an additional ₹130 crore Northern Railway order lifting the total to ₹740-750 crore. Materials and subcontracted field execution form the biggest cost at 42.8% of revenue, followed by employees at 20.3%. The firm operates with ~740 staff across 20+ states and holds a zero-debt balance sheet after its July 2025 BSE-SME listing; it has agreed to acquire GMR Engineering Services in Australia for AUD 1.8 million, expected to add 8-10% revenue from FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Railway infrastructure consultancy, Road and highway infrastructure consultancy, Town planning and urban development, Geospatial and GIS services, Land surveying services, Maritime and port infrastructure. Asset-light, project-based engineering consultancy with multi-year order book visibility from government clients.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 172 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 26.30 |
| ROE % · ROCE % | — · 21.6 |
| Debt / equity (x) | — |
| Cash from operations | (38) |
| Capex | (11) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 73 | 98 |
| Profit before tax | 20 | 50 |
| Net profit | — | — |
| EPS (₹) | 10.11 | 24.61 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CENTRAL MINE P N D INST L | 15,301 | 50.3 | 6.70 | — | 26.9 | 34.6 | — | 34.9 |
| IIRM HOLDINGS INDIA LIMITED | 966 | 39.4 | 6.13 | 16.3 | 15.5 | 14.4 | — | 24.9 |
| Qualitek Labs Limited | 647 | 41.5 | — | — | — | 8.5 | — | — |
| Monarch Surveyors and Engineer ◆ | 411 | 8.4 | — | — | — | 20.9 | — | — |
| Ekansh Concepts Limited | 308 | 46.9 | 6.78 | 182.6 | (6.7) | (6.8) | (12.2) | 48.8 |
| LIKHAMI CONSULTING LIMITED | 297 | 934.1 | 8.46 | — | 0.7 | 0.9 | — | 67.2 |
| EKI ENERGY SERVICES LTD | 189 | 11.0 | 0.49 | 19.1 | (4.3) | (3.0) | — | (6.1) |
| MITCON CON & ENG SER LTD | 139 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Wins Rs 4.66 cr GIS mapping order from Ratnagiri Municipal Council | business updates | medium | — | — |
| 3 Sept 2026 · Monarch Surveyors wins Rs 4.30 cr consultancy order for Gadchiroli Airport | business updates | high | — | — |
| 25 Aug 2026 · New work order worth Rs 10.41 crore from Maharashtra government | business updates | high | — | — |
| 22 Aug 2026 · AGM on Sept 16, 2026; final dividend Rs 1.80 per share proposed | compliance | minimal | — | — |
| 22 Aug 2026 · AGM on Sep 16, 2026; Final Dividend Rs 1.60 per share (16%) declared | compliance | minimal | — | — |
| 22 Aug 2026 · Receives Rs 1.68 crore GIS work order from Fursungi Uruli Nagar Parishad | business updates | high | — | — |
| 21 Aug 2026 · AGM on Sept 16 2026; Final Dividend of Rs 1.60 per share recommended | compliance | minimal | — | — |
| 21 Aug 2026 · AGM notice and annual report for FY 2025-26 filed | board shareholder meetings | medium | — | — |
| 21 Aug 2026 · 27th AGM Notice and FY26 Annual Report filed by Monarch Surveyors | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Board Outcome: AGM on Sept 16, Director Re-designation, Auditor Appointments | management changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 12.7 |
| 0.81 |
| 6.7 |
| 5.4 |
| 5.1 |
| — |
| 12.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.4 | 8.4 | 13 of 25 | 50% |
| ROCE | 20.9 | 7.9 | 3 of 27 | 92% |
| Market cap | 411 | 37 | 4 of 26 | 88% |
| A state: the latest filed quarter and the measured reactions |
| 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.
