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Swing Capital

M & B Engineering Ltd

NSE: MBEL BSE: 544470

M & B Engineering Ltd (MBEL) is a Diversified company listed on NSE: MBEL | BSE: 544470. With a market cap of ₹1,749 Cr and ROCE of 19.9%, ROE of 16.4%, it operates in the Indian Diversified sector.

₹306
52W: ₹223 — ₹536
PE 22 · Book ₹115 · +166% vs book
Market Cap₹1,749 Cr
Stock P/E22Price to Earnings
ROCE19.9%Return on Capital
ROE16.4%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company has delivered good profit growth of 59.8% CAGR over last 5 years

Shareholding Pattern

Promoters70.54%
FIIs2.86%
DIIs9.72%
Public16.88%
CategorySep 2025Dec 2025Mar 2026
Promoters70.45%70.45%70.54%▲0.1
FIIs4.75%4.25%▼0.52.86%▼1.4
DIIs13.46%10.24%▼3.29.72%▼0.5
Public11.35%15.06%▲3.716.88%▲1.8

Financial Statements

MetricJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales142182295290228260282314
Expenses129145264250203231242286
Operating Profit1437314125294028
OPM %10%20%11%14%11%11%14%9%
Net Profit722162815182619
EPS ₹1.484.483.235.613.053.224.513.37

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,085Cr, up 19.4% YoY. OPM at 11%.

Debt Position

Borrowings at ₹84Cr. Debt-to-equity ratio: 0.14x. Healthy balance sheet.

Capex Cycle

CWIP at ₹14Cr (8% of fixed assets). Moderate ongoing capital expenditure.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 20% (Mar 2026). Working capital days: 55.

Valuation

PE 22x with 19.9% ROCE. Price is 166% above book value of ₹115. Dividend yield: 0%.

Recent Announcements