NSE: ENGINERSIN | BSE: 532178

Mid-range Performer

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181.22 -2.50 (-1.36%)

40.37% Fall from 52W High

6.1M NSE+BSE Volume

NSE 17 Apr, 2025 3:31 PM (IST)

10,185.3

Market Cap

Market Leader

1.8

Beta 1Year

Very High Volatility

Engineers India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ENGINERSIN, BSE:532178 Engineers India Ltd.

Engineers India Ltd.

17 Jul 2023, 12:00AM

181.22

-1.36%

Engineers India

Buy: Engineers India Ltd.

ICICI Direct

Engineers India Ltd. has gained 14.06% in the last 1 Week

Engineers India Ltd.

30 May 2023

181.22

-1.36%

Geared for strong growth ahead

Buy: Engineers India Ltd.

Target

ICICI Securities Limited

Engineers India (EIL) reported a strong set of numbers with Q4FY23 EBITDA up 51% YoY to Rs1.6bn (I-Sec: Rs1.4bn) led mainly by 540bps YoY margin expansion to 18.8%. PAT grew 26% YoY to Rs1.6bn (I-Sec: Rs1.4bn).

Engineers India Ltd. is trading below its 150 day SMA of 181.8

Engineers India Ltd.

29 May 2023

181.22

-1.36%

ENGINEERS INDIA

Accumulate: Engineers India Ltd.

Recommendation Target

Prabhudas Lilladhar

Engineers India Ltd. is trading above its 100 day SMA of 174.1

Engineers India Ltd.

12 Feb 2023

181.22

-1.36%

Healthy execution; higher turnkey share weighs on margin

Buy: Engineers India Ltd.

Target

ICICI Securities Limited

Engineers India’s (EIL) Q3FY23 revenue grew ~22% YoY to Rs8.3bn led by strong execution in turnkey segment. This is the third consecutive quarter where turnkey witnessed strong performance. However, due to higher revenue share from turnkey, (58% in Q3FY23 vs 47% in Q3FY22), coupled with weak margin in consultancy business (-410bps YoY), EBTIDA margin contracted 360bps YoY to 5.6%.

Engineers India Ltd. has an average target of 229.00 from 3 brokers.

Engineers India Ltd.

11 Nov 2022

181.22

-1.36%

Stable execution; higher turnkey share weighs on margin

Buy: Engineers India Ltd.

Target

ICICI Securities Limited

Engineers India’s (EIL) Q2FY23 revenue grew 21% YoY to Rs7.8bn led by healthy execution in the turnkey segment.

Engineers India Ltd. has gained 14.06% in the last 1 Week

Engineers India Ltd.

10 Aug 2022

181.22

-1.36%

Stable execution; one-offs impact margin

Buy: Engineers India Ltd.

Target

ICICI Securities Limited

Engineers India’s (EIL) Q1FY23 revenues grew 9.5% YoY to Rs8bn led by healthy execution in the turnkey segment.

Engineers India Ltd. is trading above its 100 day SMA of 174.1

Engineers India Ltd.

15 Feb 2022

181.22

-1.36%

Operating performance misses our estimate

Buy: Engineers India Ltd.

Motilal Oswal

ENGR's 3QFY22 revenue was 25% below our estimate, with the miss led by a 25%/26% miss in the Consultancy/Turnkey segment. Operating profit stood at INR625m, 48% below our estimate. This was on account of an unfavorable revenue mix, with 47% revenue from Turnkey projects. EBITDA margin stood at 9.2% (est. 13.2%) on account of high input costs. Order inflows in 3Q/9MFY22 stood at INR564m/INR15b (-70%/+74% YoY) and flat v/s 9MFY20 levels, thereby indicating a revival in ordering activity in its key end-market of Oil and Gas. While Oil and Gas continue to remain a...

Engineers India Ltd. has gained 14.06% in the last 1 Week

Engineers India Ltd.

23 Nov 2021

181.22

-1.36%

Revenue misses our estimate; order inflows robust

Buy: Engineers India Ltd.

Target

Motilal Oswal

ENGR's 2QFY22 revenue was 12% below our estimate, with the miss led by lower than expected revenue in the Consultancy segment. Operating profit came in line with our estimate, with a favorable revenue mix (54% share of Consultancy segment revenue) leading to higher than estimated EBITDA margin at 9.3% (est. 8.2%). Lower than expected other income led to adjusted PAT 15% below our estimates. Order inflows in 2Q/1HFY22 stood at INR11.7b/INR14.5b (+96%/+115% YoY), and ~30% higher v/s 1HFY20 levels, thereby indicating a revival in ordering...

Engineers India Ltd. has an average target of 229.00 from 3 brokers.

Engineers India Ltd.

19 Nov 2021

181.22

-1.36%

Weak execution, stable outlook

Buy: Engineers India Ltd.

Recommendation Target

ICICI Securities Limited

Engineers India’s (EIL) Q2FY22 performance was muted due to weak execution in both consultancy and turnkey segments. During the quarter, the company booked two large orders from Chennai Petroleum Corporation Limited (CPCL), Nagapattinam, leading to a total order inflow of Rs11.7bn.

Engineers India Ltd. has an average target of 229.00 from 3 brokers.

Engineers India Ltd.

13 Aug 2021

181.22

-1.36%

Q1FY22 Result Update - Turnkey execution picks up - BUY

Buy: Engineers India Ltd.

Prabhudas Lilladhar

reviving their capex plan, we expect ordering momentum will continue to remain strong, going forward. Tender pipeline remains strong given projects such as petrochemical expansion of BPCL and HMEL, MRPL refinery expansion, order from Rajasthan refinery, Kaveri basin (few package) and Bina refinery expansion to be awarded in FY22. We expect EIL's healthy order book, lean balance sheet, strong project pipeline and strong growth visibility augurs well in the long run and expect EIL to report revenue/PAT CAGR of 9%/22% from FY21 to FY23. The stock is...

Engineers India Ltd. has an average target of 229.00 from 3 brokers.

Is Engineers India Ltd. worth buying?

643 Votes:

Buy 83.67%

Sell 8.09%

Hold 8.24%

RESEARCH REPORTS

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Buy SEE REPORTS >

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