NSE: ENGINERSIN | BSE: 532178

Strong Performer, Getting Expensive

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209.06 2.46 (1.19%)

47.02% Gain from 52W Low

1.6M NSE+BSE Volume

NSE 22 Sep, 2025 2:19 PM (IST)

11,750.1

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.

11 Aug 2017

209.06

1.19%

Engineers India

Buy: Engineers India Ltd.

ICICI Securities Limited

Revenue increased 9.8% YoY to | 375.4 crore, which was below our estimate of | 446.8 crore. This was primarily on account of lower order booking in the turnkey (EPC) segment. Turnkey segment contributed only 13.6% to the topline of the company (| 50.9 crore) vs. our expectation of ~30% for the quarter EIL reported strong EBITDA margins of 21.8% (our estimate of 20%) due to increased contribution from high margin consultancy segment. The consultancy segment contributed 86.4% to the topline and ~95%...

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

Engineers India Ltd.

10 Aug 2017

209.06

1.19%

Engineers India (1QFY18): On course. Maintain BUY

Buy: Engineers India Ltd.

Target

HDFC Securities

We reiterate BUY with a revised TP of Rs 174/sh (25x FY19E core EPS + cash). Engineers Indias (ENGR) 1QFY18 revenues came in line with our estimates at Rs 3.8bn. Revenue growth was driven by the PMC segment (+21%), while the LSTK segment declined 30% on the back of slower execution. With no major provision write backs, PMC/LSTK EBIT margins stood at 28.0/7.6%. Overall EBITDA margins stood at 21.8% (+40bps YoY). Wage hike provisions increased to Rs 380mn (vs ~Rs 200mn provided in 4QFY17). Consequently, APAT stood at Rs 814mn. The order book stood robust at Rs 77bn (5.2x TTM revenues).

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

Engineers India Ltd.

29 May 2017

209.06

1.19%

Engineers India Ltd Q4FY17 results comment

Results Update: Engineers India Ltd.

HDFC Securities

Revenue rose by 36.28% to Rs. 442.93 Cr in Q4FY17 when compared to the previous quarter

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

Engineers India Ltd.

25 May 2017

209.06

1.19%

Engineers India

Buy: Engineers India Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Engineers India (EIL) reported Q4FY17 numbers, which were below our estimates. The key miss was on account of a significant jump in...

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

Engineers India Ltd.

24 May 2017

209.06

1.19%

Result Review of Engineers India

Accumulate: Engineers India Ltd.

Target

IDBI Capital

West Coast refinery may slip to FY19: With Rs77 bn in order backlog, (~4x Book Bill for FY18E revenue) the visibility is closer to all-time best. The major ongoing projects include, but not restricted to, are: BSVI and other expansion work for IOCL, CPCL, HMEL, MRPL and BPCL. AS we know that Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation have signed a Consortium Agreement on December 07, 2016 to carry out pre-project activities for setting up of West Coast Refinery and a Petrochemical Project of 60 MMTPA capacity. And thankfully, Maharashtra Govt. has identified and acquired the land. Thereby, we think ENGR has a strong pipeline and backlog that can flip the fortunes. But this...

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

Engineers India Ltd.

23 May 2017

209.06

1.19%

Engineers India (4QFY17): On course. Maintain BUY

Buy: Engineers India Ltd.

Target

HDFC Securities

Engineers Indias (ENGR) 4QFY17 results were in line with our estimates. Revenue grew 47% YoY on a low base, as execution started picking up in projects won in H1FY17. As guided by mgmt, provision write-backs continued (Rs 570mn in 4QFY17), leading to PMC/LSTK margins of 37.2/35.3% resp.

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

Engineers India Ltd.

16 Mar 2017

209.06

1.19%

Engineers India

Buy: Engineers India Ltd.

ICICI Securities Limited

Engineers India (EIL), a Navratna public sector enterprise, is one of the oldest companies in the Indian public sector. Over the years, the company has emerged as a market leader in the Indian hydrocarbons segment with expertise in design, engineering and project implementation. EIL has consistently grown its topline & bottomline over the last 10 years at a CAGR of 11.3% and 6.4%, respectively, in FY07-16. This is despite weak crude prices in the last few years and, consequent, deferral of capex spending by its key customers. Core competency in...

Engineers India Ltd. has gained 27.62% in the last 6 Months

Engineers India Ltd.

18 Feb 2017

209.06

1.19%

Engineers India Ltd Q3FY17 results comment

Results Update: Engineers India Ltd.

HDFC Securities

Revenue decreased by 4.1% to Rs. 325.01 Cr in Q3FY17 when compared to the previous quarter. Also, it fell by 11.77% when compared with Q3FY16.

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

Engineers India Ltd.

15 Feb 2017

209.06

1.19%

Engineers India (3QFY17): On a road to recovery. Maintain BUY

Buy: Engineers India Ltd.

HDFC Securities

Engineers Indias (ENGR) 3QFY17 results were in line with our estimates. Revenue declined 12% YoY on the back of a weak opening order book. As guided by the mgmt, provision write-backs continued (Rs 90mn in 3QFY17), leading to LSTK margins of 28.4% ( 1240bps YoY). Consequently, APAT for the quarter grew 26% YoY to Rs 850mn. Though the order inflow (Rs 2.7bn) for the quarter was muted, ENGR has announced large orders in 4QFY17 which could help it to close with an order book of over Rs 65bn.

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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