Engineers India Share Price Target 2024-2030 Fundamentals & Quarterly Results

Engineers India Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – In 1965, EIL, a state-owned Indian company offering Engineering Consultancy and Technology Licensing services was established in Delhi. The Navratna Company’s share price has been declining at the National Stock Exchange lately for the last six weeks posing a threat to the recovery of Engineers India Share Price.Engineers India Share Price Target

Engineers India Overview

EIL, a corporation owned by India, is involved in Technology licensing and engineering consultancy. EIL is an engineering consultancy that undertakes turnkey contracts by offering a complete spectrum of project services from project ideation, planning, design, Purchase, Procurement, installation, commissioning to the client’s satisfaction and provision of necessary after-job services for operation checks or regular on-site maintenance in various sectors.

Company NameEngineers India Limited
Listed atNSE & BSE
Head Office1, Engineers India Bhawan, Near Rk Puram, Near Hyatt Regency Hotel, Bhikaji Cama Place-110066
Board Of Directors
  • Ms.Vartika Shukla Chairman & Managing Director
  • Mr.Atul Gupta Director – Commercial
  • Mr.Sanjay Jindal Director – Finance
  • Mr.A K Kalra Director – Human Resources
  • Mr.Rajeev Gupta Director – Projects
  • Mr.Rajiv Agarwal Director – Technical
  • Mr.Rohit Mathur Non Exe. & Nominee Director
  • Mr.Deepak Mhaskey Non Official Independent Director
  • Mr.Jai Prakash Tomar Non Official Independent Director
  • Mr.Ravi Shanker Prasad Singh Non Official Independent Director
  • Mr.Harishkumar Madhusudan Joshi Non Official Independent Director
  • Dr.Prashant Vasantrao Patil Non Official Independent Director
  • Mrs.Karuna Gopal Non Official Independent Director
Official Websiteengineersindia.com

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Engineers India Business Profile

The Company operates across distinct realms encompassing petroleum refining, petrochemicals, pipelines, oil & gas, terminals & storages, mining & metallurgy, infrastructure, water and waste management, city gas distribution, power -thermal, solar, nuclear, gas-based fertilizer projects, coal-to-liquid(CTL) and steel.

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Subsidiary

Certification Engineers International Ltd. – WOS provides Third Party Inspections, in addition to offering various certifications (CEIL).

Ramagundam Fertilizers & Chemical Ltd.– Both NFC and FCI are partnering with RFCL to establish a new gas-based urea production facility with a daily production capacity of 2200 metric tonnes for ammonia and 3850 metric tonnes for urea, which will be situated in Ramagundam, Telangana.

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EIL, as well as ONGC Videsh Singapore Ltd., GAIL (India) Ltd, IOCL Singapore Ltd and Oil India International Pte Ltd. created a Limited Liability Company called Bharat Energy Office in Russia in which they all hold 20% stake each in order to establish contact with Russian oil industry and monitor existing investment.

TEIL Projects Limited:Under Liquidation

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Clientele

The Co serves both Indian and foreign clients, some of who are ONGC, HPCL, IOCL, GAIL and Kenya Petroleum Refineries; others include Qatar Petroleum, Dangote Group, NMDC Limited etc.

Order Book

The company’s order book was at Rs. 7,990.6 billion as of December 23. Orders for consultancy services accounted for 59% of the book and the remaining 46% were turnkey project orders. Over 68% of Clinical Services order book is understood while the other 32% is outside the country.

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R&D

The Co’s R&D center at Gurgaon has created over 40 process technologies for refining crude oil or natural gas liquids in these companies, refiners and petrochemicals sectors EIL owns 34 live patents on such process technology they expect another 40 patents till March 31, 2023.5 patents, two trademarks are already issued; nine patents alongside three trademarks were applied for in FY23.

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Strategic Diversification

EIL has signed contracts with India’s leading ammunition and explosive manufacturer MIL for the implementation of MIL Plant Modernization and Infrastructure Projects. MIL is India’s largest producer and market leader specializing in ammunition and explosive manufacturing therefore involved in producing as well as distributing arms, navy ammunition, air forces’ explosives for military personnel and other para-military forces. The signing of this MoU marks the entry by E.I.L into the defense segment thereby stimulating its expansion strategy into unexplored projects.

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Investments

It is important to note that the Company had four (4) investment projects by Dec 2023. The same are enumerated below showing the total equity investment by EIL –

a) Ramagundam Fertilizer Project in Telangana – Rs. 491 Crores
b) Two Upstream Assets in Gujarat – Rs. 300 Crores
c) Minority stake in Numaligarh Refinery Ltd. – ~Rs. 769 Crores
d) LLC-BEO (Bharat Energy Office) in Moscow, Russia – USD 100,000

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Engineers India Fundamentals & Quarterly Results

MetricValue
Market Cap₹ 13,062 Cr.
Current Price₹ 232
High / Low₹ 290 / 108
Stock P/E29.3
Book Value₹ 40.1
Dividend Yield1.29 %
ROCE22.6 %
ROE21.1 %
Face Value₹ 5.00
Debt to Equity0.01
Debt Capacity0.23
Debt Preceding Year₹ 18.9 Cr.
Debt₹ 33.0 Cr.
Reserves₹ 1,974 Cr.
EPS₹ 7.92
EPS Last Year₹ 7.92
Pledged Percentage0.00 %
FCF Previous Annual₹ -147 Cr.
EV/EBITDA23.0
Industry PE37.4
PEG Ratio7.60
Piotroski Score6.00
Earnings Yield4.05 %
Sales Growth 5 Years5.79 %

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Engineers India Quarterly Results

Quarter/YearDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales692818815793842880818790868805
Expenses626708768748792713747691818728
Operating Profit6711047455016771995077
OPM %10%13%6%6%6%19%9%12%6%10%
Other Income39432865264594443051
Interest0000001011
Depreciation85577788811
Profit before tax97147691036920415613471117
Tax %27%17%26%17%27%23%25%24%26%23%
Net Profit417965751619013912763116
EPS in Rs0.721.411.151.340.293.382.472.271.132.06

CAGR Report

Metric10 Years5 Years3 YearsTTM / Last Year
Compounded Sales Growth6%6%1%-1%
Compounded Profit Growth0%4%10%30%
Stock Price CAGR4%14%40%112%
Return on Equity14%16%16%21%

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Engineers India Shareholding Pattern

Year/MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters57.02%52.02%52.00%51.50%51.32%51.32%51.32%51.32%
FIIs6.85%5.61%6.58%7.59%7.00%6.74%7.96%7.01%
DIIs19.86%26.57%25.53%25.52%15.71%13.05%15.81%13.60%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public16.27%15.80%15.89%15.40%25.97%28.89%24.90%28.05%
No. of Shareholders1,78,8061,90,9801,88,3011,93,9152,69,5652,92,1912,58,3263,85,950

Engineers India Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹210₹259₹289
2025₹295₹277₹330
2026₹337₹317₹378
2027₹386₹363₹434
2028₹443₹417₹498
2029₹508₹477₹570
2030₹581₹547₹654

Engineers India Share Price Target 2025

MonthTarget
January₹295
February₹301
March₹307
April₹297
May₹287
June₹277
July₹288
August₹300
September₹312
October₹318
November₹324
December₹330

Engineers India Share Price Target 2026

MonthTarget
January₹337
February₹344
March₹351
April₹339
May₹328
June₹317
July₹330
August₹343
September₹357
October₹364
November₹371
December₹378

Engineers India Share Price Target 2027

MonthTarget
January₹386
February₹394
March₹402
April₹389
May₹376
June₹363
July₹378
August₹393
September₹409
October₹417
November₹425
December₹434

Engineers India Share Price Target 2028

MonthTarget
January₹443
February₹452
March₹461
April₹446
May₹431
June₹417
July₹434
August₹451
September₹469
October₹478
November₹488
December₹498

Engineers India Share Price Target 2029

MonthTarget
January₹508
February₹518
March₹528
April₹510
May₹493
June₹477
July₹496
August₹516
September₹537
October₹548
November₹559
December₹570

Engineers India Share Price Target 2030

MonthTarget
January₹581
February₹593
March₹605
April₹585
May₹566
June₹547
July₹569
August₹592
September₹616
October₹628
November₹641
December₹654

Official Website – engineersindia.com

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