New Risk • Jun 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • May 13
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹16.94 (up from ₹15.41 in FY 2025). Revenue: ₹12.8b (up 29% from FY 2025). Net income: ₹926.4m (up 20% from FY 2025). Profit margin: 7.3% (down from 7.8% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. 공고 • May 07
M & B Engineering Limited to Report Q4, 2026 Results on May 12, 2026 M & B Engineering Limited announced that they will report Q4, 2026 results on May 12, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹293, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Construction industry in India. New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹298, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Construction industry in India. Reported Earnings • Feb 10
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹4.46 (down from ₹5.70 in 3Q 2025). Revenue: ₹3.55b (up 13% from 3Q 2025). Net income: ₹254.9m (down 11% from 3Q 2025). Profit margin: 7.2% (down from 9.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 9.0%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in India. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹357, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Construction industry in India. 공고 • Feb 03
M & B Engineering Limited to Report Q3, 2026 Results on Feb 09, 2026 M & B Engineering Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Feb 09, 2026 Buy Or Sell Opportunity • Jan 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to ₹299. The fair value is estimated to be ₹385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 37%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹4.07 (vs ₹5.70 in 2Q 2025) Second quarter 2026 results: EPS: ₹4.07 (down from ₹5.70 in 2Q 2025). Revenue: ₹3.09b (down 1.4% from 2Q 2025). Net income: ₹222.0m (down 22% from 2Q 2025). Profit margin: 7.2% (down from 9.1% in 2Q 2025). New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). 공고 • Nov 04
M & B Engineering Limited to Report Q2, 2026 Results on Nov 11, 2025 M & B Engineering Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹431, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 21x in the Construction industry in India. Reported Earnings • Aug 26
First quarter 2026 earnings released First quarter 2026 results: EPS: ₹3.59. Net income: ₹179.5m (up ₹179.5m from 1Q 2025). 공고 • Aug 18
M & B Engineering Limited to Report Q1, 2026 Results on Aug 25, 2025 M & B Engineering Limited announced that they will report Q1, 2026 results on Aug 25, 2025 Board Change • Aug 06
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Whole-Time Director Birva Patel was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.