Engineering consultancy company Engineers India Ltd. is targeting a revenue growth of 25% in the financial year ending March 2026, according to its Chairman and Managing Director Vartika Shukla.
The company, which operates in the petrochemicals, pipelines, and oil and gas sectors, expects to maintain an Ebitda margin in the range of 13% to 14% for the current and the next financial year respectively.
“The part where the schedules are about 24 months, we would have about 20 to 25%, which will be executed in about 18 to 24 months. But the oil sector, or the petrochemical sector, that we are executing in India may total a capacity of 2 million tonnes of ethylene production and about 1.5 million tonnes of polypropylene production; these are going to take longer cycles,” Shukla told NDTV Profit in an interaction.
“So, if you blend the two and see the impact on the financials, we definitely see the top line that we’ve maintained at around Rs 3,200 crore will jump up to not less than 25% in the coming financial year,” she added.
The company’s order inflows for the current financial year stood in the range of Rs 8,400 crore to Rs 8,500 crore, backed by strong performance in both consultancy and Lump Sum Turnkey (LSTK) segments. Shukla highlighted that consultancy margins have remained above 20%.
“We had a total inflow of orders in the consultancy segment of about Rs 4,600 crore. And in the turnkey segment, where we largely do the cost-plus model, our inflow today is about Rs 4,000 crore. So, a total of about Rs 8,400 to Rs 8,500 crore, roughly speaking, is the order inflow, she said, adding, “It is a robust sign of the projections of turning this into good growth in both the top and bottom lines in the next financial year.
An LSTK contract refers to a project undertaken by a contractor for a fixed price, covering the entire scope, with the contractor responsible for delivering a fully functional facility upon completion. The cost-plus model, in contrast, determines selling prices by adding a predetermined margin to the cost of production.
Beyond its established strength in the chemical sector, EIL is expanding its footprint into the defence sector as well. The company aims to enter one or two key areas in the sector in FY26 and is currently in discussion with stakeholders, according to the chairman.
Shares of Engineers India closed 1.4% higher at Rs 160 apiece on the NSE on Friday, compared to 0.3% decline in the benchmark Nifty 50.
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