A PSU stock saw a nearly 2 percent increase following the announcement of securing a Rs.245 crores order from state-owned organizations. The order, awarded for executing projects on a cost-plus basis in Maharashtra and West Bengal, highlights the company’s growing role in large-scale infrastructure projects and strengthens its position in the public sector consultancy market.
Price Variation
During Monday’s trading session, shares of Engineers India Ltd reached an intra-day high of Rs.163.28 each, rising 1.7 percent from the previous closing price of Rs.160.58 per share. However, the shares have retreated since then and are currently trading at Rs.161.31 apiece.
Order Details
Engineers India Limited (EIL) has secured prestigious consultancy assignments from state-owned organizations for executing various projects on a cost-plus basis in the states of Maharashtra and West Bengal. The total value of these assignments is approximately Rs. 245 crores. These projects are a significant step forward for EIL, highlighting its expertise and strong presence in the consultancy and project execution domain.
The company’s involvement in large-scale projects across key states reflects its capability to handle complex assignments and further strengthens its position in the industry. This award demonstrates the trust placed in EIL by state-owned organizations, which will likely open doors for future opportunities in both the public and private sectors.
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Services Offered
Engineers India Limited (EIL) offers comprehensive services across the project lifecycle, including engineering consultancy, design, procurement, construction, and project management. It also provides specialized services in heat and mass transfer equipment design, environmental engineering, and safety management. EIL delivers turnkey EPC solutions for large-scale projects and offers third-party inspection and certification services through its subsidiary, Certification Engineers International Limited (CEIL).
Global Presence
Engineers India Limited (EIL) has built a robust global presence with offices in key international locations, including Abu Dhabi (UAE), Kuala Lumpur (Malaysia), London (UK), Milan (Italy), Shanghai (China), and Caracas (Venezuela). This extensive network enables EIL to serve a wide range of markets across regions such as the Middle East, Africa, South Asia, Central Asia, East Asia, and South America, reinforcing its ability to cater to diverse customer needs globally.
Financial Overview
In its recent financial update, Engineers India Ltd reported consolidated revenue of Rs.765 crores for Q3 FY25, reflecting a decrease of 12 percent compared to Rs.868 crores in Q3 FY24. However, the company reported a 73 percent increase in net profits to Rs.109 crores in Q3 FY25, from Rs.63 crores posted during the same period last year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 15.27 percent and a Return on Equity (ROE) of 15.54 percent. Its Price-to-Earnings (P/E) ratio stands at 21.72, lower than the industry average of 34.45. Furthermore, the company maintains a current ratio of 1.12, a debt-to-equity ratio of 0.01, and an Earnings Per Share (EPS) of Rs.7.39.
Written by – Siddesh S Raskar
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