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.

Latest Update -Engineers India reported their first quarter results on August 09, 2024. The top line has decreased by 23.76% and profit has decreased by 34.07% YoY. On a sequential basis, revenue is down 22.52% and profit is down 20.71%.

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.

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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

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Engineers India Quarterly Results

CAGR Report

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Engineers India Shareholding Pattern

Engineers India Share Price Target 2024-2030 Forecast

Engineers India Share Price Target 2025

Engineers India Share Price Target 2026

Engineers India Share Price Target 2027

Engineers India Share Price Target 2028

Engineers India Share Price Target 2029

Engineers India Share Price Target 2030

Official Website – engineersindia.com