NSE: ENGINERSIN | BSE: 532178

Strong Performer, Getting Expensive

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206.60 -0.85 (-0.41%)

45.29% Gain from 52W Low

1.7M NSE+BSE Volume

NSE 19 Sep, 2025 3:31 PM (IST)

11,611.8

Market Cap

Market Leader

1.4

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.

01 Jun 2018

206.60

-0.41%

Engineers India

Buy: Engineers India Ltd.

Target

ICICI Securities Limited

Engineers India (EIL) reported weak Q4FY18 numbers Revenues increased 15% YoY to | 509.7 crore, below our estimate of | 521.7 crore. This was primarily on account of lower order booking in the consultancy segment. Consultancy & turnkey segments contributed 66.2% and 33.8% to the topline, respectively The company reported EBITDA margins of 11.2% vs. our estimate of 15.4%. This was primarily on account of higher contribution from the low margin turnkey segment. Consultancy segment also reported...

Engineers India Ltd. is trading below its 50 day SMA of 212.7

Engineers India Ltd.

27 Mar 2018

206.60

-0.41%

EngineersInd

Buy: Engineers India Ltd.

Target

Kotak Securities

We believe that the weakness in EIL stock price over the last two months is predominantly driven by weak order inflows in the current quarter. We expect key large orders (including HPCL Barmer refinery order) to defer to Q1/Q2FY19. We retain long term positive view on EIL, however tweak FY19/20 estimates to factor in continued sluggish momentum in awarding of new large ticket size orders. We expect EIL valuations to remain under pressure driven by sluggish ordering momentum. Further delays in the awarding of key orders can pose threat to our earnings estimate. We reduce our target PER and value EIL at 23x FY20 (25x earlier)...

Engineers India Ltd. has gained 29.24% in the last 6 Months

Engineers India Ltd.

01 Feb 2018

206.60

-0.41%

Result Review of Engineers India

Accumulate: Engineers India Ltd.

Target

IDBI Capital

The share of LSTK recognition will be stronger in FY19. Provision write back makes comparison of LSTK/PMC margins difficult. We expect clean PMC/LSTK EBIT margins in excess of 30% and 5%. We maintain a 41% CAGR in EBITDA between FY17-FY19E. We maintain our TP at...

Engineers India Ltd. is trading below its 50 day SMA of 212.7

Engineers India Ltd.

01 Feb 2018

206.60

-0.41%

Engineers India

Buy: Engineers India Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Engineers India (EIL) reported strong Q3FY18 numbers above our estimates. Strong numbers were mostly on account of variation in orders received (and executed) by EIL during the quarter. The same improved the revenue and operating profit by | 70 crore and | 65 crore, respectively, for the quarter Revenue increased 45.7% YoY to | 473.4 crore, above our estimate of | 405.1 crore. Consultancy and turnkey segment contributed 81.2%...

Engineers India Ltd. is trading below its 50 day SMA of 212.7

Engineers India Ltd.

31 Jan 2018

206.60

-0.41%

Engineers India (3QFY18): On track. Maintain BUY

Buy: Engineers India Ltd.

Target

HDFC Securities

Reiterate BUY with a TP of Rs 215/sh (27x Dec 19E core EPS + cash). Engineers India (EIL) sales grew 46/10% YoY/QoQ at Rs 4.7bn vs our expectation of Rs 4.3bn, riding on a 42/64% rise in PMC/LSTK sales to Rs 3.8bn/889mn. Revenues were supported by client settlements allowing variation in orders worth Rs 700mn. The order book remains solid at Rs 83bn vs 51/88.8bn YoY/QoQ (4.8x TTM revenues), with muted order inflows at Rs 1.1bn vs Rs 2.7/16.1bn YoY/QoQ. EBITDAM stood at 28.5% (+359bps YoY).

Engineers India Ltd. has an average target of 242.50 from 2 brokers.

Engineers India Ltd.

31 Oct 2017

206.60

-0.41%

EngineersInd

Buy: Engineers India Ltd.

Kotak Securities

EIL Q2FY18 outperformed our estimate due to 1/ strong execution in PMC division; 2/ higher operating margin supported by operating leverage and 3/ provision write back (one off items) in the LST division (Lump Sum Turnkey Project). Order inflows grew substantially in the quarter led by PMC orders; current order backlog stands at Rs 88.1 Bn (highest level ever) implying three year revenue visibility. We reiterate our long term positive view on EIL; expect significant improvement in FY19 earnings driven by 1) improved execution in 2HFY18-FY19 2) improved margins on back of operating leverage. We increase FY19 earnings estimate to...

Engineers India Ltd. is trading above its 200 day SMA of 193.4

Engineers India Ltd.

30 Oct 2017

206.60

-0.41%

Engineers India (2QFY18): Record order book, further scope for expansion. Maintain BUY

Buy: Engineers India Ltd.

Target

HDFC Securities

Reiterate BUY with a TP of Rs 201/sh (27x Sept 19E core EPS + cash). Engineers India (ENGR) reported the highest-ever order book at Rs 88.7bn vs 51/77bn YoY/QoQ (5.7x TTM revenues), with strong order inflows at Rs 16bn vs Rs 1.5/3.4bn YoY/QoQ. Sales grew 27/14% YoY/QoQ at Rs 4.29bn vs our expectation of Rs 3.9bn, riding on a 21/50% rise in PMC/LSTK sales to Rs 3.3bn/961mn. EBITDAM stood at 32.4% (+473bps YoY). EBITDA grew 48/70% YoY/QoQ to Rs 1.4bn, mainly on account of a 610bps YoY rise in EBITM of LSTK to 50.6%. With wage hikes effected in Jan-17, staff costs rose 22% YoY to Rs 1.9bn. Net profit rose 27% to Rs 1.2bn.

Engineers India Ltd. is trading above its 200 day SMA of 193.4

Engineers India Ltd.

27 Oct 2017

206.60

-0.41%

Engineers India

Hold: Engineers India Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Engineers India (EIL) reported decent Q2FY18 numbers. The company reported topline and EBITDA in line with our estimates. However, PAT...

Engineers India Ltd. is trading above its 200 day SMA of 193.4

Is Engineers India Ltd. worth buying?

662 Votes:

Buy 83.69%

Sell 8.16%

Hold 8.16%

RESEARCH REPORTS

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