About
M & B Engineering Limited, an engineering company, engages in the design, manufacturing, and installation of pre-engineered metal buildings, self-supported steel roofing, and complex steel components. The company manufactures structural steel components for projects, including construction of bridges, flyovers, power plant structures, and other industrial applications. It serves general engineering and manufacturing, food and beverages, warehousing and logistics, power, textiles, and railway sectors. M & B Engineering Limited operates in India, the United States, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, Seychelles, and internationally. The company was incorporated in 1981 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap1,547 Cr
P/E15.90
Div Yield0.37 %
Book Value₹115.00
52w High₹536.00
52w Low₹223.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 265.00 | 314.00 | 282.00 | 260.00 | 228.00 | 290.00 | 295.00 | 182.00 | 142.00 |
| Expenses | 244.00 | 286.00 | 242.00 | 231.00 | 203.00 | 250.00 | 264.00 | 145.00 | 129.00 |
| Operating Profit | 21.00 | 28.00 | 40.00 | 29.00 | 25.00 | 41.00 | 31.00 | 37.00 | 14.00 |
| OPM % | 8.00 | 9.00 | 14.00 | 11.00 | 11.00 | 14.00 | 11.00 | 20.00 | 10.00 |
| Other Income | 5.00 | 6.00 | 3.00 | 3.00 | 4.00 | 2.00 | 1.00 | 2.00 | 3.00 |
| Depreciation | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 2.00 |
| Interest | 3.00 | 3.00 | 4.00 | 4.00 | 6.00 | 5.00 | 4.00 | 5.00 | 5.00 |
| Profit before tax | 19.00 | 26.00 | 35.00 | 24.00 | 20.00 | 34.00 | 24.00 | 30.00 | 10.00 |
| Tax % | 25.00 | 26.00 | 27.00 | 23.00 | 25.00 | 18.00 | 34.00 | 26.00 | 23.00 |
| Net Profit | 15.00 | 19.00 | 26.00 | 18.00 | 15.00 | 28.00 | 16.00 | 22.00 | 7.00 |
| EPS in Rs | 2.56 | 3.37 | 4.51 | 3.22 | 3.05 | 5.61 | 3.23 | 4.48 | 1.48 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 1,085.00 | 909.00 | 787.00 | 859.00 | 687.00 | 413.00 | 520.00 |
| Expenses | 963.00 | 787.00 | 706.00 | 787.00 | 634.00 | 385.00 | 482.00 |
| Operating Profit | 122.00 | 122.00 | 81.00 | 71.00 | 54.00 | 28.00 | 38.00 |
| OPM % | 11.00 | 13.00 | 10.00 | 8.00 | 8.00 | 7.00 | 7.00 |
| Other Income | 16.00 | 9.00 | 14.00 | 9.00 | 6.00 | 8.00 | 5.00 |
| Interest | 17.00 | 20.00 | 23.00 | 18.00 | 18.00 | 15.00 | 17.00 |
| Depreciation | 15.00 | 12.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Profit before tax | 106.00 | 99.00 | 63.00 | 52.00 | 33.00 | 12.00 | 17.00 |
| Tax % | 25.00 | 25.00 | 24.00 | 24.00 | 20.00 | 36.00 | 35.00 |
| Net Profit | 79.00 | 74.00 | 48.00 | 40.00 | 26.00 | 8.00 | 11.00 |
| EPS in Rs | 13.78 | 14.80 | 9.61 | 19.82 | 13.18 | 3.81 | 5.57 |
| Dividend Payout % | 7.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 57.00 | 50.00 | 50.00 | 20.00 | 20.00 | 20.00 | 20.00 |
| Reserves | 599.00 | 264.00 | 191.00 | 175.00 | 134.00 | 108.00 | 100.00 |
| Borrowings | 84.00 | 191.00 | 204.00 | 141.00 | 92.00 | 104.00 | 114.00 |
| Other Liabilities | 362.00 | 329.00 | 176.00 | 219.00 | 284.00 | 167.00 | 192.00 |
| Total Liabilities | 1,102.00 | 834.00 | 622.00 | 555.00 | 530.00 | 398.00 | 427.00 |
| Fixed Assets | 180.00 | 175.00 | 77.00 | 79.00 | 63.00 | 63.00 | 68.00 |
| CWIP | 14.00 | 2.00 | 66.00 | 1.00 | 1.00 | 3.00 | 1.00 |
| Investments | 18.00 | 19.00 | 20.00 | 5.00 | 9.00 | 7.00 | 3.00 |
| Other Assets | 889.00 | 638.00 | 458.00 | 470.00 | 457.00 | 326.00 | 356.00 |
| Total Assets | 1,102.00 | 834.00 | 622.00 | 555.00 | 530.00 | 398.00 | 427.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -36.00 | 32.00 | -1.00 | 34.00 | 40.00 | 20.00 |
| Cash from Investing Activity | -37.00 | -31.00 | -73.00 | -16.00 | -12.00 | -14.00 |
| Cash from Financing Activity | 136.00 | -38.00 | 39.00 | 30.00 | -25.00 | -23.00 |
| Net Cash Flow | 63.00 | -37.00 | -34.00 | 47.00 | 2.00 | -17.00 |
| Free Cash Flow | -67.00 | -10.00 | -79.00 | 16.00 | 32.00 | 15.00 |
| CFO/OP % | -1.00 | 43.00 | 22.00 | 64.00 | 90.00 | 89.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 63.00 | 66.00 | 56.00 | 50.00 | 66.00 | 78.00 | 66.00 |
| Inventory Days | 171.00 | 205.00 | 124.00 | 92.00 | 135.00 | 142.00 | 129.00 |
| Days Payable | 105.00 | 135.00 | 60.00 | 73.00 | 142.00 | 128.00 | 140.00 |
| Cash Conversion Cycle | 129.00 | 136.00 | 120.00 | 69.00 | 58.00 | 92.00 | 55.00 |
| Working Capital Days | 55.00 | 40.00 | 15.00 | 32.00 | 29.00 | 39.00 | 15.00 |
| ROCE % | 20.00 | 25.00 | 22.00 | 24.00 | 21.00 | 12.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSECredit Ratings
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Rating update31 Aug from crisil
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Rating update18 Aug 2025 from crisil
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Rating update15 Jul 2025 from crisil
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Rating update19 Apr 2024 from crisil
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Rating update25 Oct 2023 from crisil
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Rating update17 Mar 2023 from crisil