Engineers India
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Engineers India Limited (EIL) is positioned for stable growth, supported by a record order book of Rs. 15,109 crores and a conservative revenue growth outlook of 12-13% for FY27. Management's optimism stems from strategic international expansions, particularly in Africa and a long-term agreement with Saudi Aramco, which enhances EIL's competitive position in the energy sector. Despite geopolitical challenges impacting the Middle East market, the company anticipates maintaining strong order inflows, bolstered by domestic demand for oil and petrochemicals. Vista's financial outlook reflects these developments, projecting improving margins and stable revenue growth, aligning with the company's focus on high-margin consultancy services. The favorable macro environment in India, characterized by robust manufacturing activity and contained inflation, further supports EIL's growth trajectory. Over the next 12-24 months, key opportunities include the completion of major projects and diversification into green technologies, while headwinds may arise from geopolitical instability and regulatory challenges in new energy initiatives
Why We Like This Stock
- Record order book of Rs. 15,109 crores provides strong revenue visibility
- Strategic international expansions, particularly in Africa and partnerships with Saudi Aramco, enhance competitive positioning
- Improving margins expected due to a focus on high-margin consultancy services
Things To Watch Out For
- Geopolitical tensions in the Middle East may impact future order inflows
- Execution risks in international markets could hinder growth
- Regulatory challenges in green energy initiatives may slow project approvals
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 3,281 | 3,088 | 3,928 | 3,731 | 4,406 |
| Profit Before Tax (Cr.) | 469 | 616 | 894 | 1,048 | 1,130 |
| PBT Margin | 14.3% | 19.9% | 2276.0% | 28.1% | 25.6% |
| Net Profit (Cr.) | 420 | 614 | 684 | 798 | 860 |
| Earnings Per Share | 7.5 | 10.9 | 12.2 | 14.2 | 15.3 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| ICICI Securities | ▲ Buy | 315 | 27-May-2026 |
| Moneycontrol | ▲ Overweight | nan | 25-May-2026 |
| Prabhudas Liladhar | ▲ Buy | 271 | 17-Jun-2026 |
Company Overview
Show Company Profile
Engineers India Limited, an engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure, and petrochemical industries worldwide. The company operates through two segments, Consultancy & Engineering Projects, and Turnkey Projects. It offers supply chain management services, such as supplier/contractor registration, contracting and purchase of goods/services/works, expediting, inspection, and supplier/contractor performance review; and develops process technologies for various industries. In addition, the company provides construction services comprising pre-construction activities, including bid management process, plot plan review/heavy lift study, etc.; and construction services comprising site construction management, liaison with statutory authorities, construction quality and warehouse management, HSE management, contracts administration, pre commissioning and commissioning assistance, and contract and site closing services. Further, it offers heat and mass transfer equipment design, environment engineering, specialist materials and maintenance, specialist materials, and maintenance services and plant operations and safety services; and pre-feed and feed engineering services for a range of processes in the hydrocarbon processing industry. Additionally, the company provides project management, third party inspection, quality assurance, independent engineer and lender's engineer services, and project appraisal and project execution services. It also offers certification, recertification, safety audits for offshore and onshore oil and gas facilities and other qualitative sensitive sectors of the industry. Engineers India Limited was incorporated in 1965 and is headquartered in New Delhi, India.