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Engineers India Ltd

ENGINERSIN
NSE
250.95
2.18%
Last Updated:
29 Apr '26, 4:00 PM
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Engineers India Ltd

ENGINERSIN
NSE
250.95
2.18%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
14,104Cr
Close
Close Price
250.95
Industry
Industry
Infra - Engineering - General
PE
Price To Earnings
18.17
PS
Price To Sales
3.52
Revenue
Revenue
4,012Cr
Rev Gr TTM
Revenue Growth TTM
39.19%
PAT Gr TTM
PAT Growth TTM
128.59%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
8808187908688056246897651,0108709211,210
Growth YoY
Revenue Growth YoY%
7.60.4-0.43.0-8.5-23.8-12.8-11.925.539.533.758.3
Expenses
ExpensesCr
713747691818728573627667709798802858
Operating Profit
Operating ProfitCr
1677199507751629830172120352
OPM
OPM%
19.08.712.55.89.68.29.112.829.88.313.029.1
Other Income
Other IncomeCr
459444315139473836363759
Interest Expense
Interest ExpenseCr
010111111111
Depreciation
DepreciationCr
78881110101011111010
PBT
PBTCr
20415613471117799912632697146401
Tax
TaxCr
474032192720223284253795
PAT
PATCr
157116101539059779424273109306
Growth YoY
PAT Growth YoY%
28.3126.018.94.3-42.9-49.4-24.277.8170.423.541.8225.9
NPM
NPM%
17.814.212.86.111.19.411.212.324.08.411.825.3
EPS
EPS
3.42.52.31.12.01.61.81.95.01.21.56.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
1,7411,5411,4801,8242,4763,2373,1442,9133,3303,2813,0884,012
Growth
Revenue Growth%
-5.7-11.5-4.023.335.730.7-2.9-7.414.3-1.5-5.929.9
Expenses
ExpensesCr
1,5091,3321,1651,3972,1002,7832,7942,5693,0222,9842,5753,167
Operating Profit
Operating ProfitCr
233208314427376453350344308297512845
OPM
OPM%
13.313.521.223.415.214.011.111.89.39.116.621.1
Other Income
Other IncomeCr
27324722217622225634130164219160169
Interest Expense
Interest ExpenseCr
003112412332
Depreciation
DepreciationCr
202523242224242426354042
PBT
PBTCr
477430511579574683356449446478630970
Tax
TaxCr
16414918119620124995107101118158240
PAT
PATCr
313281330383373434261343344360472730
Growth
PAT Growth%
-35.2-10.017.316.1-2.716.3-39.731.10.44.631.054.6
NPM
NPM%
18.018.322.321.015.113.48.311.810.311.015.318.2
EPS
EPS
4.62.14.95.95.86.74.02.56.27.910.313.8

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
168168337316316316281281281281281281
Reserves
ReservesCr
2,4632,6532,5082,0252,0292,0901,4701,4891,6811,9742,3882,424
Current Liabilities
Current LiabilitiesCr
1,3341,3151,5262,1452,4032,6702,6752,3942,3982,4412,5662,722
Non Current Liabilities
Non Current LiabilitiesCr
232825271321161428463129
Total Liabilities
Total LiabilitiesCr
3,9884,1644,3964,5144,7615,0964,4414,1774,3884,7425,2655,457
Current Assets
Current AssetsCr
3,3993,4983,6013,6343,8254,0432,6022,4312,5012,6953,0413,183
Non Current Assets
Non Current AssetsCr
5896677958809361,0541,8401,7461,8872,0472,2252,274
Total Assets
Total AssetsCr
3,9884,1644,3964,5144,7615,0964,4414,1774,3884,7425,2655,457

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
658823659954937617148-113222109
Investing Cash Flow
Investing Cash FlowCr
17470197165-4-22977661322145-36
Financing Cash Flow
Financing Cash FlowCr
-240-162-284-892-362-334-904-149-176-180-185
Net Cash Flow
Net Cash FlowCr
-1-4150-129183-18843-3934187-112
Free Cash Flow
Free Cash FlowCr
28823757051735816023-14718868
CFO To PAT
CFO To PAT%
20.731.371.6156.2147.286.665.614.1-32.861.623.1
CFO To EBITDA
CFO To EBITDA%
27.842.375.2140.1146.282.949.014.0-36.674.721.3

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
6,5455,7369,7279,9917,3933,7954,3313,5974,18211,3509,021
Price To Earnings
Price To Earnings
23.520.629.526.120.18.917.425.812.125.515.6
Price To Sales
Price To Sales
3.83.76.65.53.01.21.41.21.33.52.9
Price To Book
Price To Book
2.52.03.44.33.11.62.52.02.15.03.4
EV To EBITDA
EV To EBITDA
17.814.823.417.412.42.38.66.510.134.215.1
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
13.313.521.223.415.214.011.111.89.39.116.6
NPM
NPM%
18.018.322.321.015.113.48.311.810.311.015.3
ROCE
ROCE%
18.115.318.124.824.528.420.525.422.621.023.5
ROE
ROE%
11.910.011.616.415.918.014.919.417.616.017.7
ROA
ROA%
7.86.87.58.57.88.55.98.27.87.69.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** **Engineers India Limited (EIL)**, incorporated in 1965 under the Ministry of Petroleum and Natural Gas, Government of India, is a *Navratna* Central Public Sector Enterprise (CPSE) and a leading global engineering consultancy and EPC (Engineering, Procurement, and Construction) service provider. With over six decades of experience, EIL has established itself as a key player in delivering integrated “Total Energy Solutions for a Sustainable Future,” aligning with India’s energy transition, *Atmanirbhar Bharat*, and net-zero goals. EIL operates as a full-service engineering solutions provider, offering end-to-end services from concept to commissioning across the hydrocarbon value chain and diversified infrastructure sectors. The company is recognized for its technological innovation, in-house R&D, and successful execution of landmark national and international projects. --- ### **Key Highlights (as of Nov 2025)** #### **1. Strategic Global Expansion & International Footprint** EIL has significantly scaled its international operations, solidifying its presence in high-growth regions: - **Africa**: Played a pivotal role in the **Dangote Oil Refinery & Petrochemical Complex (Nigeria)** — the world’s largest single-train refinery (650,000 BPSD), now in commissioning and product delivery phase. - **Middle East & Africa**: Engaged with ADNOC (UAE), Sonatrach (Algeria), Bapco Refining (Bahrain), KPC (Kuwait), and Duqm Refinery (Oman) on engineering, PMC, FEED, and TSS contracts. - **Mongolia**: Executing a **1.5 MMTPA greenfield refinery project** under a Government of India Line of Credit (LoC), demonstrating EIL’s capability in extreme geographies. - **Guyana**: Providing consultancy for an integrated **NGL and 300 MW CCGT power plant**, marking strategic entry into Latin America. - **Saudi Arabia**: In advanced stages of setting up a **new office in Riyadh** to pursue opportunities with Saudi Aramco and SABIC, aiming to deepen regional footprint. - **Abu Dhabi**: EIL’s regional office has expanded and achieved higher ADNOC categorization, enabling direct bidding for **projects exceeding USD 200 million**. International order inflow in FY2024–25 reached **₹1,077 crore**, the highest in a decade. --- #### **2. Diversification & New Growth Sectors** EIL has successfully transitioned beyond traditional hydrocarbons into high-potential sunrise sectors: - **Energy Transition**: - Active in **green hydrogen**, **green ammonia**, **2G ethanol**, **sustainable aviation fuel (SAF)**, **carbon capture (CCUS)**, and **biomass-to-chemicals**. - Developing an indigenous **4 MW PEM electrolyser-based green H₂ project** in Neyveli, Tamil Nadu. - Executing India’s first bamboo-based **2G bioethanol refinery** in Assam (186 kLPD). - Collaborating with **NTPC, MRPL, and CSIR-IIP** on SAF using HEFA technology from used cooking oil. - **Defence & Steel**: - Signed MoU with **Munitions India Ltd (MIL)** to enter the defence sector, focusing on modernization of ordnance factories. - Entered **steel sector** with projects for JSPL and Vulcan Green Steel. - **Nuclear Energy**: - Re-entered the sector with a **detailed engineering project for a nuclear fuel complex** in Rawatbhata, Rajasthan. - **Urban & Strategic Infrastructure**: - Expanding into **data centers**, **airports**, **smart cities**, **ports & harbours**, **ferrous/non-ferrous metallurgy**, **strategic crude oil storage**, and **cold storage**. - Providing **PMC services** for Leh Airport terminal, Noida International Airport (Jewar), and the RBI’s greenfield data center in Bhubaneswar. --- #### **3. Strong Project Portfolio & Revenue Stream** - **FY2024–25 Revenue**: - **₹3,028.35 crore** (standalone) - **Consultancy & Engineering**: ₹1,454.29 crore (high-margin, growing) - **Turnkey (LSTK) Contracts**: ₹1,349.59 crore - Strategic shift toward **asset-light, high-margin consultancy** services to enhance profitability and reduce risk. - **Order Book**: Exceeded **₹8,000 crore** in FY25, with a long-term aim of **₹5,000+ crore annual order inflow**. --- #### **4. Flagship Domestic Projects** EIL continues to lead in India’s mega energy and infrastructure projects: - **Refineries**: - **9 MMTPA Rajasthan Refinery** (HRRL): PMC and EPCM, including the world’s largest Residue Upgrading Facility (RUF). - **Panipat Refinery Expansion (15 to 25 MMTPA)**: EPCM and PMC for IOCL. - **Vizag Refinery Modernisation (VRMP)**: PMC and engineering services. - **Petrochemicals**: - EPCM for **500 KTPA PDH/PP plant** (GAIL, Usar), **60 KTA PP plant** (GAIL, Pata), and **methanol projects** (Assam Petrochemicals). - **LNG & Pipelines**: - PMC for **Petronet LNG’s Dahej expansion**. - Ongoing execution of **Dobhi–Durgapur–Haldia Gas Pipeline (827 km)** and **Paradip–Numaligarh Crude Oil Pipeline (PNCPL)**. - **Green Transition**: - EPCM for **Neyveli Lignite to Methanol via Gasification**. - Feasibility studies and project execution for **green ammonia plants** (HMEL, GSFC). --- #### **5. Technological Innovation & R&D** EIL maintains a robust innovation ecosystem: - **R&D Centre (Gurugram)**: Home to pilot plants and specialized labs, including a **Bench Scale Catalyst Screening Unit**. - **Proprietary Technologies**: - **Bio-ATF**, **2G ethanol tech**, **hydrogen PSA**, **SAP (Sulphur Amine Process)**, **Dividing Wall Columns (DWC)**, **HiGee deaeration**, and **ammonia recovery systems**. - **Patents & IP**: - Filed **27 new patents** and submitted **3 trademarks** in FY25. - Total live patents: **47**, with **36 pending**. - **Digital Transformation**: - **Digital Technology Solutions (DTS)** Division leads AI/ML, IIoT, and digital twin integration. - Developed flagship tools: - **EngCO₂™**: Web-based tool for accurate **Scope 1 & 2 carbon emissions assessment**. - **EngAICosting™**: AI-powered procurement and cost estimation system. - **EngProjectView™**: Real-time digital project monitoring dashboard. - **AI-powered HSE video analytics** (collaborated with Detect Technologies) for real-time site safety alerts. --- #### **6. Strategic Collaborations & Alliances** EIL leverages partnerships to accelerate innovation and market entry: - **Global Partners**: BP, ADNOC, DEEP.KBB GmbH. - **Academic & Research Institutions**: IIT Roorkee, IIT Kanpur, CSIR-IIP, CSIR-CSIO, DBT-ICT. - **Joint Ventures & Equity Investments**: - **Ramagundam Fertilizers and Chemicals Ltd (RFCL)**: 26% stake, successfully revived and operating at full capacity. - **Numaligarh Refinery Ltd (NRL)**: 4.37% stake, currently expanding from 3 to 9 MMTPA. - **Bharat Energy Office LLC (Russia)**: Equal stakeholder in a 5-company JV. - Equity investment in **two upstream oil exploration blocks** in Gujarat under NELP IX. --- #### **7. Operational & Financial Strategy** - **Dual Business Segments**: - **Consultancy & Engineering** (high margin) - **Turnkey (LSTK)** (reimbursable cost, lower margin but strategic) - **Revenue Mix Target**: ~50:50 balance to optimize margins and risk. - **Make in India & Atmanirbhar Bharat**: - Strengthened domestic supplier base — **154 categories** now have Indian suppliers. - Promotes “Prototype Route” for new Indian manufacturers. - **Sustainability Integration**: - Offers **ZLD systems**, **wastewater recycling**, **energy-efficient HVAC**, and **circular economy solutions**. - Designed **carbon-neutral HVAC systems for Leh Airport** using geothermal energy. ---