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M&B Engineering Overview

M&B Engineering Ltd. is an emerging Indian engineering company specializing in pre-engineered buildings (PEBs) and self-supported steel roofing. Founded in 1981, the company has two divisions — Phenix, which focuses on Design, Fabrication, and Erection of PEBs and complex Structural Steel Systems, and Proflex, which provides on-site steel roofing solutions through mobile manufacturing units. M&B has manufacturing plants in Gujarat (Sanand) and Tamil Nadu (Cheyyar), supported by robust design and project delivery capability. It serves customer...Read More

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M&B Engineering Key Financials

Market Cap ₹1814 Cr.

Stock P/E 23.5

P/B 4.8

Current Price ₹317.5

Book Value ₹ 66.4

Face Value 10

52W High ₹535.9

Dividend Yield 0%

52W Low ₹ 224.9

M&B Engineering Share Price

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Volume
Price

M&B Engineering Quarterly Price

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M&B Engineering Peer Comparison

M&B Engineering Quarterly Results

#(Fig in Cr.) Jun 2024 Sep 2024 Dec 2024 Jun 2025 Sep 2025 Dec 2025
Net Sales 140 207 328 238 307 352
Other Income 3 2 1 4 2 4
Total Income 143 209 329 242 309 355
Total Expenditure 127 168 296 208 272 312
Operating Profit 16 41 34 34 37 44
Interest 5 5 4 6 4 4
Depreciation 2 3 3 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 -1
Profit Before Tax 9 32 26 24 29 35
Provision for Tax 2 8 8 6 7 9
Profit After Tax 7 24 18 18 22 25
Adjustments 0 0 0 0 0 0
Profit After Adjustments 7 24 18 18 22 25
Adjusted Earnings Per Share 1.4 4.8 3.5 3.6 3.9 4.5

M&B Engineering Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 520 415 688 880 795 989 1225
Other Income 5 8 11 9 13 8 11
Total Income 525 422 699 889 808 997 1235
Total Expenditure 483 388 646 814 715 862 1088
Operating Profit 42 34 53 75 93 135 149
Interest 17 16 19 19 23 20 18
Depreciation 9 9 11 10 9 13 15
Exceptional Income / Expenses 0 0 0 0 0 0 -1
Profit Before Tax 17 10 23 45 61 102 114
Provision for Tax 6 4 7 13 15 25 30
Profit After Tax 11 6 16 33 46 77 83
Adjustments 0 0 4 1 0 0 0
Profit After Adjustments 11 6 20 34 46 77 83
Adjusted Earnings Per Share 2.1 1.2 4 6.8 9.2 15.4 15.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 24% 13% 14% 0%
Operating Profit CAGR 45% 37% 26% 0%
PAT CAGR 67% 69% 48% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 29% 24% 18% 16%
ROCE Average 26% 24% 20% 19%

M&B Engineering Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 120 125 145 181 233 307
Minority's Interest 0 4 0 -1 0 0
Borrowings 62 71 66 89 44 54
Other Non-Current Liabilities 7 7 7 6 5 10
Total Current Liabilities 238 215 329 284 352 478
Total Liabilities 426 423 547 559 633 849
Fixed Assets 68 70 71 79 77 176
Other Non-Current Assets 10 13 15 12 77 12
Total Current Assets 349 340 462 468 479 661
Total Assets 426 423 547 559 633 849

M&B Engineering Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 66 51 51 98 73
Cash Flow from Operating Activities 48 8 37 29 6 36
Cash Flow from Investing Activities -4 -9 -2 -12 -62 -34
Cash Flow from Financing Activities 9 -13 -33 30 32 -45
Net Cash Inflow / Outflow 53 -15 1 47 -25 -44
Closing Cash & Cash Equivalent 66 51 51 98 73 30

M&B Engineering Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.15 1.18 4.01 6.82 9.17 15.41
CEPS(Rs) 3.87 2.92 5.38 8.64 10.9 17.91
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 23.91 25.09 29.02 36.1 46.61 61.31
Core EBITDA Margin(%) 7.18 6.45 6.08 7.54 10.01 12.78
EBIT Margin(%) 6.43 6.18 6.1 7.34 10.56 12.36
Pre Tax Margin(%) 3.22 2.44 3.34 5.17 7.66 10.34
PAT Margin (%) 2.06 1.42 2.37 3.74 5.74 7.79
Cash Profit Margin (%) 3.73 3.52 3.91 4.91 6.86 9.06
ROA(%) 2.52 1.38 3.36 5.95 7.66 10.4
ROE(%) 8.98 4.79 12.06 20.2 22.07 28.56
ROCE(%) 14.3 10.84 17.35 22.53 21.88 26.26
Receivable days 66.11 81.95 56.21 49.59 59.26 61.17
Inventory Days 90.06 112.7 87.84 78.39 85.03 95.66
Payable days 156.61 181 127.58 101.27 81.26 97.63
PER(x) 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.08 0.12 0.04 0.05 0.2 0.15
EV/Core EBITDA(x) 1.03 1.43 0.52 0.58 1.68 1.12
Net Sales Growth(%) 0 -20.29 66.03 27.93 -9.7 24.34
EBIT Growth(%) 0 -23.42 63.68 54.15 29.81 45.57
PAT Growth(%) 0 -45.32 177.98 101.63 38.74 68.84
EPS Growth(%) 0 -44.99 239.77 69.95 34.52 68.01
Debt/Equity(x) 0.96 0.9 0.69 0.82 0.88 0.61
Current Ratio(x) 1.47 1.58 1.4 1.65 1.36 1.38
Quick Ratio(x) 0.93 0.99 0.78 1.03 0.81 0.71
Interest Cover(x) 2 1.65 2.21 3.37 3.64 6.12
Total Debt/Mcap(x) 0 0 0 0 0 0

M&B Engineering Shareholding Pattern

# Jun 2025 Aug 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.45 70.45 70.45 70.45 70.54
FII 6.16 6.16 4.74 4.25 2.86
DII 15.03 15.03 13.46 10.24 9.73
Public 8.36 8.36 11.35 15.06 16.88
Others 0 0 0 0 0
Total 100 100 100 100 100

M&B Engineering News

M&B Engineering Pros & Cons

Pros

  • Company has delivered good profit growth of 47% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 81.26 to 97.63days.
  • Stock is trading at 4.8 times its book value.
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