Engineers India Limited

BSE:532178 Stock Report

Market Cap: ₹111.8b

Engineers India Valuation

Is 532178 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 532178 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532178 (₹199.05) is trading above our estimate of fair value (₹165.5)

Significantly Below Fair Value: 532178 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532178?

Key metric: As 532178 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 532178. This is calculated by dividing 532178's market cap by their current earnings.
What is 532178's PE Ratio?
PE Ratio30.2x
Earnings₹3.70b
Market Cap₹111.81b

Price to Earnings Ratio vs Peers

How does 532178's PE Ratio compare to its peers?

The above table shows the PE ratio for 532178 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
GMRP&UI GMR Power And Urban Infra
4.9x-25.3%₹82.6b
532942 KNR Constructions
8.3x-32.4%₹91.5b
GRINFRA G R Infraprojects
13.7x-1.9%₹157.0b
543971 Bondada Engineering
93.4xn/a₹61.1b
532178 Engineers India
30.2x18.0%₹111.8b

Price-To-Earnings vs Peers: 532178 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the peer average (30.1x).

Price to Earnings Ratio vs Industry

How does 532178's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
1xn/aUS$87.90m
533152 MBL Infrastructures
2.5xn/aUS$67.25m
ATLANTAA Atlantaa
2.4xn/aUS$47.27m
SKIL SKIL Infrastructure
0.1xn/aUS$14.01m
532178 30.2xIndustry Avg. 25.2xNo. of Companies22PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 532178 is expensive based on its Price-To-Earnings Ratio (30.2x) compared to the Indian Construction industry average (25.2x).

Price to Earnings Ratio vs Fair Ratio

What is 532178's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532178 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.2x
Fair PE Ratio39.1x

Price-To-Earnings vs Fair Ratio: 532178 is good value based on its Price-To-Earnings Ratio (30.2x) compared to the estimated Fair Price-To-Earnings Ratio (39.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 532178 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹199.05
₹235.17
+18.1%
4.4%₹247.00₹215.00n/a6
Nov ’25₹196.25
₹235.57
+20.0%
4.3%₹250.00₹215.00n/a7
Oct ’25₹209.40
₹239.00
+14.1%
9.5%₹277.00₹200.00n/a7
Sep ’25₹217.70
₹239.00
+9.8%
9.5%₹277.00₹200.00n/a7
Aug ’25₹258.90
₹250.00
-3.4%
8.9%₹297.00₹225.00n/a7
Jul ’25₹256.25
₹250.00
-2.4%
8.9%₹297.00₹225.00n/a7
Jun ’25₹247.90
₹250.00
+0.8%
8.9%₹297.00₹225.00n/a7
May ’25₹244.60
₹251.71
+2.9%
7.8%₹297.00₹235.00n/a7
Apr ’25₹210.70
₹251.71
+19.5%
7.8%₹297.00₹235.00n/a7
Mar ’25₹215.75
₹241.17
+11.8%
17.0%₹297.00₹160.00n/a6
Feb ’25₹236.90
₹164.67
-30.5%
4.9%₹176.00₹150.00n/a6
Jan ’25₹181.60
₹156.14
-14.0%
10.3%₹176.00₹125.00n/a7
Dec ’24₹151.55
₹156.14
+3.0%
10.3%₹176.00₹125.00n/a7
Nov ’24₹123.50
₹156.00
+26.3%
10.3%₹176.00₹125.00₹196.257
Oct ’24₹147.50
₹154.71
+4.9%
11.0%₹176.00₹125.00₹209.407
Sep ’24₹157.55
₹154.71
-1.8%
11.0%₹176.00₹125.00₹217.707
Aug ’24₹155.55
₹127.43
-18.1%
11.1%₹160.00₹115.00₹258.907
Jul ’24₹114.90
₹122.00
+6.2%
4.3%₹130.00₹115.00₹256.256
Jun ’24₹109.85
₹122.00
+11.1%
4.3%₹130.00₹115.00₹247.906
May ’24₹82.74
₹97.60
+18.0%
9.2%₹110.00₹85.00₹244.605
Apr ’24₹74.40
₹98.40
+32.3%
8.0%₹110.00₹89.00₹210.705
Mar ’24₹72.55
₹98.40
+35.6%
8.0%₹110.00₹89.00₹215.755
Feb ’24₹83.55
₹92.60
+10.8%
8.2%₹103.00₹83.00₹236.905
Jan ’24₹78.90
₹92.60
+17.4%
8.2%₹103.00₹83.00₹181.605
Dec ’23₹82.00
₹92.60
+12.9%
8.2%₹103.00₹83.00₹151.555
Nov ’23₹71.05
₹90.17
+26.9%
12.6%₹108.00₹75.00₹123.506

Analyst Forecast: Target price is less than 20% higher than the current share price.

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