NSE: MBEL · BSE: 544470 · ISIN INE08N601015
M & B Engineering Limited stock analysis
M & B Engineering Limited ranks #871 in the TickerSutra evidence-ranked universe with a score of 59/100 and 89% data confidence. The latest captured fundamentals show ROCE of 22.9%, quarterly sales growth of 22.5% and quarterly profit growth of 22.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 22.9%
- Low debt/equity of 0.13×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹688cr | ₹45cr | ₹16cr | 7.0% |
| 2023 | ₹880cr | ₹67cr | ₹33cr | 8.0% |
| 2024 | ₹795cr | ₹80cr | ₹46cr | 10.0% |
| 2025 | ₹989cr | ₹127cr | ₹77cr | 13.0% |
| 2026 | ₹1,260cr | ₹142cr | ₹93cr | 11.0% |
| TTM | ₹1,313cr | ₹143cr | ₹97cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
M & B Engineering Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineM & B Engineering Ltd - 544470 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 21 Sept 2026In compliance with the Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby notify that ....
MANAGEMENT COMMENTARY
Signals from filed documents
Management: So this quarter Proflex has contributed INR69.79 crores whereas Phenix INR281.72 crores making total INR351 crores. Bhavya Dedhia: Okay, and on our current order book, which is I think executable in the next 8 to 10 months, and also the current order bid pipeline, do we see there could be 100 to 200 basis point EBITDA margin expansion going ahead? Management: I would say around 1% is realistic over one ye
Our international business continues to scale well. Consolidated export sales during Q3 FY26 were INR63.17 crores and exports for the nine-month period stood at INR119.95 crores demonstrating sustained traction in overseas market and with North America as the key growth driver. Our visibility on future growth remains robust.
Cheyyar is nearing 50%, but Cheyyar will pick up in the coming quarters. So next year Cheyyar should become 70%-75% and then the new capacity of course it takes a little time, but that new capacity once it comes in, obviously we should be able to ramp it up quickly in terms of utilization. But you assume this, next year average about 65-70% utilization overall.
Once fully operational, these additions will increase Proflex's installed capacity by approximately 3 lakh square meters per annum, positioning the division to capture incremental demand and further improve service level to our customers. Coming to our guidance, we remain confident of delivering our FY26 outlook. We expect the topline to be around INR1,250 crores with EBITDA margin in the visibility of 12.75% support
The Company is supported by a highly experienced workforce, including one of the industry's strongest engineering and design teams, which serves as a key differentiator in delivering complex, customized, and value-engineered solutions. Our capabilities across Engineering, Sales, Manufacturing, Project Execution, and Corporate Functions continue to strengthen our market leadership and execution excellence. Through str
Backed by a balanced revenue mix across PEB and roofing solutions, strong order inflows, a growing export footprint, and a steadily improving margin profile, the Company is well-positioned to deliver sustained growth and create long-term value for its stakeholders. Financial and Operational Performance: Consolidated Financial Overview: Particulars (` Crore) FY26 FY25 Chang YoY (%) Revenue from Operations 1,260 989 27.4%
36 Risk Industry Risk Geopolitical Risk Engineering & Design Risk Raw Material Price Risk Foreign Exchange Risk Description The Company's performance is influenced by overall economic conditions, industrial capex cycles, infrastructure spending, and government policies. Economic slowdowns, reduced investments, regulatory changes, or project delays may impact order inflows and execution schedules. Changes in global geop
Consequently, the Company has foreign currency trade and other payables, receivables and Loans and is therefore exposed to foreign exchange risk. The Company manages its foreign currency risk by following the policies approved by board as per established risk management policy. The carrying amounts of the Company’s foreign currency denominated monetary items are as follows: B Credit Risk Credit risk is the risk that
1981 Self-Supported Steel Roofing Solution, a technology from the United States was introduced for the first time in India, under the brand name Proflex. 2001 Started commercial production of PEB at the Sanand (Gujarat) manufacturing facility under the brand name Phenix Construction Technologies 2008 Increased the total installed capacity to 72,000 MT and expanded the range to include light and heavy complex steel struc
However, the Body Corporates are entitled to appoint authorised representatives to attend the AGM through VC/OAVM and participate there at and cast their votes through e-voting. Members / Shareholders of the Company under the category of Institutional Investors are encouraged to attend and vote at the AGM through VC. Body Corporates whose Authorised Representatives are intending to attend the Meeting through VC/OAVM
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…