Login
Home
Charts
Search
Watchlist
Products

M & B Engineering Ltd

MBEL·NSE
261.00+0.68%Wed, 23 Sept '26

M & B Engineering Ltd

MBEL
NSE
261.00
+0.68%
|Wed, 23 Sept '26
SOICxStockScans Reports
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
1,492Cr
Close
Close Price
261.00
Industry
Industry
Pre-Engineering Buildings
PE
Price To Earnings
15.32
PS
Price To Sales
1.14
Revenue
Revenue
1,313Cr
Rev Gr TTM
Revenue Growth TTM
20.92%
PAT Gr TTM
PAT Growth TTM
9.69%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
140207328314238307352364291
Growth YoY
Revenue Growth YoY%
69.548.57.116.022.5
Expenses
ExpensesCr
127168296272208272312326260
Operating Profit
Operating ProfitCr
133933422934403831
OPM
OPM%
9.518.89.913.312.411.211.310.410.5
Other Income
Other IncomeCr
321242355
Interest Expense
Interest ExpenseCr
554564433
Depreciation
DepreciationCr
233444444
PBT
PBTCr
93226352429353629
Tax
TaxCr
288667997
PAT
PATCr
72418291822252722
Growth YoY
PAT Growth YoY%
158.7-7.043.8-5.322.0
NPM
NPM%
5.011.65.49.17.57.27.37.47.5
EPS
EPS
1.44.83.55.73.64.14.54.83.8
QuarterJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
140207328314238307352364291
Growth YoY
Revenue Growth YoY%
69.548.57.116.022.5
Expenses
ExpensesCr
127168296272208272312326260
Operating Profit
Operating ProfitCr
133933422934403831
OPM
OPM%
9.518.89.913.312.411.211.310.410.5
Other Income
Other IncomeCr
321242355
Interest Expense
Interest ExpenseCr
554564433
Depreciation
DepreciationCr
233444444
PBT
PBTCr
93226352429353629
Tax
TaxCr
288667997
PAT
PATCr
72418291822252722
Growth YoY
PAT Growth YoY%
158.7-7.043.8-5.322.0
NPM
NPM%
5.011.65.49.17.57.27.37.47.5
EPS
EPS
1.44.83.55.73.64.14.54.83.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
5204156888807959891,2601,313
Growth
Revenue Growth%
-20.366.027.9-9.724.327.420.9
Expenses
ExpensesCr
4833886438147158621,1181,170
Operating Profit
Operating ProfitCr
3727456780126142143
OPM
OPM%
7.26.56.57.510.012.811.210.9
Other Income
Other IncomeCr
58691381515
Interest Expense
Interest ExpenseCr
1716191923201715
Depreciation
DepreciationCr
9910109131515
PBT
PBTCr
1710224661102124128
Tax
TaxCr
6471315253132
PAT
PATCr
116163346779397
Growth
PAT Growth%
-45.3166.4110.938.468.820.29.7
NPM
NPM%
2.11.42.33.75.77.87.37.4
EPS
EPS
5.43.09.76.69.115.416.917.0
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
5204156888807959891,2601,313
Growth
Revenue Growth%
-20.366.027.9-9.724.327.420.9
Expenses
ExpensesCr
4833886438147158621,1181,170
Operating Profit
Operating ProfitCr
3727456780126142143
OPM
OPM%
7.26.56.57.510.012.811.210.9
Other Income
Other IncomeCr
58691381515
Interest Expense
Interest ExpenseCr
1716191923201715
Depreciation
DepreciationCr
9910109131515
PBT
PBTCr
1710224661102124128
Tax
TaxCr
6471315253132
PAT
PATCr
116163346779397
Growth
PAT Growth%
-45.3166.4110.938.468.820.29.7
NPM
NPM%
2.11.42.33.75.77.87.37.4
EPS
EPS
5.43.09.76.69.115.416.917.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
20202020505057
Reserves
ReservesCr
100105125161183257600
Current Liabilities
Current LiabilitiesCr
238215328284352476490
Non Current Liabilities
Non Current LiabilitiesCr
69787295486714
Total Liabilities
Total LiabilitiesCr
4264235445596338491,161
Current Assets
Current AssetsCr
349340462468479661939
Non Current Assets
Non Current AssetsCr
77838291154188222
Total Assets
Total AssetsCr
4264235445596338491,161
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
20202020505057
Reserves
ReservesCr
100105125161183257600
Current Liabilities
Current LiabilitiesCr
238215328284352476490
Non Current Liabilities
Non Current LiabilitiesCr
69787295486714
Total Liabilities
Total LiabilitiesCr
4264235445596338491,161
Current Assets
Current AssetsCr
349340462468479661939
Non Current Assets
Non Current AssetsCr
77838291154188222
Total Assets
Total AssetsCr
4264235445596338491,161

Cash Flow

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
4884129533-31
Investing Cash Flow
Investing Cash FlowCr
-4-9-13-12-62-32-39
Financing Cash Flow
Financing Cash FlowCr
9-13-293032-45136
Net Cash Flow
Net Cash FlowCr
53-15047-25-4466
Free Cash Flow
Free Cash FlowCr
4223411-66-7-62
CFO To PAT
CFO To PAT%
443.8132.5264.787.911.443.1-33.3
CFO To EBITDA
CFO To EBITDA%
127.629.192.243.66.526.3-21.8
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
4884129533-31
Investing Cash Flow
Investing Cash FlowCr
-4-9-13-12-62-32-39
Financing Cash Flow
Financing Cash FlowCr
9-13-293032-45136
Net Cash Flow
Net Cash FlowCr
53-15047-25-4466
Free Cash Flow
Free Cash FlowCr
4223411-66-7-62
CFO To PAT
CFO To PAT%
443.8132.5264.787.911.443.1-33.3
CFO To EBITDA
CFO To EBITDA%
127.629.192.243.66.526.3-21.8

Ratios

Consolidated
Standalone
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1,2921,492
Price To Earnings
Price To Earnings
13.915.3
Price To Sales
Price To Sales
1.01.1
Price To Book
Price To Book
2.02.3
EV To EBITDA
EV To EBITDA
7.89.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
27.027.822.923.427.028.630.030.0
OPM
OPM%
7.26.56.57.510.012.811.210.9
NPM
NPM%
2.11.42.33.75.77.87.37.4
ROCE
ROCE%
14.310.816.819.719.124.619.019.0
ROE
ROE%
9.04.710.818.219.625.114.114.1
ROA
ROA%
2.51.42.95.97.29.18.08.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1,2921,492
Price To Earnings
Price To Earnings
13.915.3
Price To Sales
Price To Sales
1.01.1
Price To Book
Price To Book
2.02.3
EV To EBITDA
EV To EBITDA
7.89.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
27.027.822.923.427.028.630.030.0
OPM
OPM%
7.26.56.57.510.012.811.210.9
NPM
NPM%
2.11.42.33.75.77.87.37.4
ROCE
ROCE%
14.310.816.819.719.124.619.019.0
ROE
ROE%
9.04.710.818.219.625.114.114.1
ROA
ROA%
2.51.42.95.97.29.18.08.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
M&B Engineering is fundamentally a factory-built alternative to traditional concrete construction - it designs, makes and installs steel buildings and roofs that go up faster, use less material and need roughly a quarter of the labour. The business began in 1951 as a conventional construction firm and later reinvented itself around two proprietary systems: Phenix for pre-engineered buildings and Proflex for self-supported roofing, each sold under its own brand. The recurring approach is a design-led-manufacturing model - the company engineers the structure in 3D first, fabricates it in a controlled plant, then erects it on site, which is how it has delivered over 10,000 projects across 23 countries. # Business segments Two engines built on the same design-led-manufacturing logic - a pre-engineered buildings business that is the group's anchor, and a self-supported roofing business that leads its category in India, each with its own brand, factory network and customer base. ## 1. Phenix: where the group's scale and export reach sit **It makes entire steel-framed industrial buildings in a factory and ships them to site - 73,000 tonnes of them in the last year alone, with a third of the order book now coming from North America.** - **A building system, not just steel** - Phenix supplies pre-engineered buildings (PEBs), which are steel structures fabricated indoors and bolted together on site, along with heavy structural components like T-beams and box beams; the division has completed more than 1,650 projects and installed over 710,000 tonnes since it started 18 years ago. - **The American certification that rivals lack** - its Sanand plant in Gujarat is the only PEB facility in India certified by the American Institute of Steel Construction (AISC), a requirement most US general contractors insist on, and it also holds Canadian Welding Bureau (CWB) approval, which is mandatory for supplying into Canada. - **Two plants, with a third on the drawing board** - the Sanand facility (72,000 tonnes annual capacity, expanding by roughly 20,000 tonnes by mid-2027) and the newer Cheyyar plant in Tamil Nadu (31,800 tonnes) serve domestic and export demand, while a third plant is planned near Lucknow to cover northern and eastern India. - **A 98-person engineering team does the design work upfront** - the division runs its own in-house design offices in Hyderabad, Chennai and Ahmedabad, using software like STAAD PRO, TEKLA and MBS to create 3D models before a single beam is cut, which is what the company means by "design-led manufacturing". ## 2. Proflex: India's largest self-supported roofing business **It makes curved steel roofs that hold themselves up without trusses or columns, manufactured on the back of a truck at the customer's doorstep.** - **The arch does the structural work** - Proflex roofs achieve stability through their curved shape, eliminating the need for trusses, purlins or intermediate supports; they span from nine to about 34 metres, are leak-proof and remove the problem of birds nesting in the structure. - **The factory moves to the site** - a fleet of 15 mobile manufacturing units, with a combined capacity of 1.9 million square metres a year, allows on-site or near-site production, cutting out the cost of transporting finished roof sections across long distances. - **Warehouses and railways are the biggest customers** - in the last year, 42% of Proflex revenue came from warehousing and 14% from railways, where the division has completed over 300 projects in the railway sector with cumulative installation of 0.6 million square metres. - **A 24-year head start in a niche** - the division has delivered more than 8,600 projects and installed over 20 million square metres since it began, making it the largest player in India's self-supported roofing segment by revenue. # Group structure and partners **Two divisions, two brands, one listed entity - with a US subsidiary that serves as the North American sales outpost.** - The company operates through its Phenix and Proflex divisions, with the Phenix brand carrying the tagline "Creation Simplified" and Proflex using "Innovate. Lead. ROOFING SOLUTIONS". - A wholly owned subsidiary, Phenix Construction Technologies Inc., was set up in the US in 2017 and now fields a five-person sales team on the ground in the Eastern United States, selling directly to general contractors. - The two joint managing directors split the leadership: Malav Patel runs sales, marketing and administration, while Chirag Patel oversees operations and techno-commercial strategy; each division has its own CEO.

Documents — M & B Engineering Ltd

  • Q1 FY2027 Earnings Call Transcript (Jun 2026, PDF): https://www.stockscans.in/document/lfe2s8xtmi2nyulmgdkvcmwu.pdf
  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/9g5acupn7xy1vdfeoyg3f9vy.pdf
  • Q3 FY2026 Earnings Call Transcript (Dec 2025, PDF): https://www.stockscans.in/document/9n8kvrwz0htiriw7zftnj7s5.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/5hrqjl5enr6prsdhty5nwse6.pdf
  • Q1 FY2026 Earnings Call Transcript (Jun 2025, PDF): https://www.stockscans.in/document/qc88uzoyn7g88t2g9w53jla1.pdf
  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/mprugiqow93bilq1apiyhorm.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/kudlavb4t6fakyyhav9u6ky6.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/38acz2aecgc1tr74do5j1i2d.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/mb6iqz90v8u9h7u76h3v0uea.pdf
  • Q1 FY2027 Investor Presentation (Jun 2026, PDF): https://www.stockscans.in/document/uvks7j3c290rfk7lqan8qm04.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/84xt25hpleonk9jopmsrtvvj.pdf
  • Q3 FY2026 Investor Presentation (Dec 2025, PDF): https://www.stockscans.in/document/lfc40ypasd4go5p5x7cqo98i.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/7te69e7u0v6ni3h9f78n7hx6.pdf
  • Q1 FY2026 Investor Presentation (Jun 2025, PDF): https://www.stockscans.in/document/cjuw0jv1jbm0w71ywt6nmaq7.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/5aqh56c351d494xsrif9wcjk.pdf

Concall Transcript Summaries — M & B Engineering Ltd

  • Q1 FY2027 Concall Transcript Summary (Jun 2026): https://www.stockscans.in/company/NSE%3AMBEL/transcript-notes/202606/lfe2s8xtmi2nyulmgdkvcmwu.pdf
  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/NSE%3AMBEL/transcript-notes/202603/9g5acupn7xy1vdfeoyg3f9vy.pdf
  • Q3 FY2026 Concall Transcript Summary (Dec 2025): https://www.stockscans.in/company/NSE%3AMBEL/transcript-notes/202512/9n8kvrwz0htiriw7zftnj7s5.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/NSE%3AMBEL/transcript-notes/202509/5hrqjl5enr6prsdhty5nwse6.pdf
  • Q1 FY2026 Concall Transcript Summary (Jun 2025): https://www.stockscans.in/company/NSE%3AMBEL/transcript-notes/202506/qc88uzoyn7g88t2g9w53jla1.pdf