Announcement • May 02
McNally Bharat Engineering Company Limited to Report Q4, 2026 Results on May 28, 2026 McNally Bharat Engineering Company Limited announced that they will report Q4, 2026 results on May 28, 2026 Announcement • Feb 17
McNally Bharat Engineering Company Limited to Report Q3, 2026 Results on Feb 20, 2026 McNally Bharat Engineering Company Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 20, 2026 Announcement • Jan 27
McNally Bharat Engineering Company Limited to Report Q3, 2026 Results on Feb 12, 2026 McNally Bharat Engineering Company Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Sep 03
McNally Bharat Engineering Company Limited to Report Q2, 2026 Results on Nov 13, 2025 McNally Bharat Engineering Company Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Aug 07
McNally Bharat Engineering Company Limited, Annual General Meeting, Sep 25, 2025 McNally Bharat Engineering Company Limited, Annual General Meeting, Sep 25, 2025. Announcement • Jul 22
McNally Bharat Engineering Company Limited to Report Q1, 2026 Results on Aug 06, 2025 McNally Bharat Engineering Company Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Announcement • May 19
McNally Bharat Engineering Company Limited to Report Q4, 2025 Results on May 22, 2025 McNally Bharat Engineering Company Limited announced that they will report Q4, 2025 results on May 22, 2025 Announcement • May 01
McNally Bharat Engineering Company Limited to Report Q4, 2025 Results on May 13, 2025 McNally Bharat Engineering Company Limited announced that they will report Q4, 2025 results on May 13, 2025 Announcement • Feb 03
McNally Bharat Engineering Company Limited to Report Q3, 2025 Results on Feb 11, 2025 McNally Bharat Engineering Company Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Announcement • Jan 14
McNally Bharat Engineering Company Limited Appoints Mr. Partha Sarathi Bhattacharyya as Chairman McNally Bharat Engineering Company Limited informed that, the Board of Directors of the Company at its meeting held on January 14, 2025, has appointed Mr. Partha Sarathi Bhattacharyya as the Chairman of the Company with immediate effect. Partha S Bhattacharyya, MSc (Physics) from Jadavpur University joined Coal India Ltd. (CIL) as Management Trainee in 1977, rose to become its Chairman in 2006 and continued till retirement in February 2011. He steered CIL through Miniratna in 2007, Navratna in 2008 and finally Maharatna in 2011 - a
unique feat in the career of any PSU CMD. In 2010, Mr. Bhattacharyya spearheaded the Initial Public Offer (IPO) of 10% of CIL's equity. It met with resounding success and became a landmark event. The IPO was one of the top three in the World in that year and is still reckoned the largest in India so far in most parameters. In November 2003, Mr. Bhattacharyya took over the reins of Bharat Coking Coal Ltd. (BCCL) - a perennialy loss making CIL Subsidiary - as the CMD. In less than two and a half years, the company reported its maiden profit in 2005-06. The implementation of sale of coal through e-auction was first introduced by Mr. Bhattacharyya in BCCL and extended later to all over CIL In the 90s, Mr. Bhattacharyya played a key role in negotiating a large World Bank/JBIC loan for CIL as well as for securing approval of the Govt to a Capital Restructuring Plan that led to transformation of CIL from a loss making PSU to a hugely profit making company. Mr. Bhattacharyya has been featured in a document published by Tata Mcgrow Hill in 2011 as one of the Transformation leaders of Corporate India. He was also recognized by Forbes Magazine as a High Achiever of 2010. He is recipient of a number of awards and accolades. Notable among these are CEO of the year 2010 from Indian Chamber of Commerce as well as World HRD Congress, Swami Vivekananda National Award - 2011 & SCOPE Special Award of the Jury in 2010. He has authored WHEN COAL TURNED GOLD, published by Penguin in Aug. 2018. The Foreword to the book was written by none other than Shri Pranab Mukherjee, Former President of India. The book was chosen as the Editors Pick among business books in 2018. Post CIL, Mr. Bhattacharyya served for around five years in whole time Board level positions, initially at Haldia Petrochemicals Ltd. at Kolkata followed by Deepak Fertilizers and Petrochemicals at Pune. He relocated to Kolkata from Pune in January 2016. Mr. Bhattacharyya is currently the Non-Executive Chairman of Peerless General Finance and Investment and The Board of Peerless Hospital. He is Board of several listed companies such as Ramakrishna Forgings, Veedol Ltd. & Texmaco Rail Engineering Services Ltd. Further he is on the Board of Adperma & Adplus - wholly owned Subsidiaries of Haldia Petrochemicals as also Mahadhan Agritech Ltd. & Deepak Mining Solutions Ltd. - wholly owned Subsidiaries of Deepak Fetilizers and Petrochemicals Ltd. Besides, he is a Director on the Board of Colonial Coal International Corporation, a TSX listed mining company of Canada. He is also Chairman of the Scrutiny Committee of the Ministry of Coal. Announcement • Oct 08
McNally Bharat Engineering Company Limited Announces Defaults on Payment as of September 30, 2024 McNally Bharat Engineering Company Limited announced the default on loans, including revolving facilities like cash credit from banks /financial institutions which continues beyond 30 days in the prescribed format C2. Loans/Revolving Facilities like Cash Credit from Banks/Financial Institutions; Total Amount outstanding as on September 30, 2024: INR 20,248.4 million; Of the Total amount outstanding, amount of default as on September 30, 2024: INR 20,248.4 million; Unlisted debt securities, NCD/NCRPS: Total Amount outstanding as on September 30, 2024: INR 545.1 million; Of the Total amount outstanding, amount of default as on September 30, 2024: INR 545.1 million; Total Financial indebtedness of the listed entities including short term and long term debt as on September 30, 2024: INR 20,793.5 million. Announcement • Sep 04
McNally Bharat Engineering Company Limited to Report Q2, 2025 Results on Nov 07, 2024 McNally Bharat Engineering Company Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Announcement • Aug 07
McNally Bharat Engineering Company Limited to Report Q1, 2025 Results on Aug 13, 2024 McNally Bharat Engineering Company Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Announcement • Jun 08
McNally Bharat Engineering Company Limited, Annual General Meeting, Aug 29, 2024 McNally Bharat Engineering Company Limited, Annual General Meeting, Aug 29, 2024. Reported Earnings • Jun 07
Full year 2024 earnings released: ₹41.74 loss per share (vs ₹107 loss in FY 2023) Full year 2024 results: ₹41.74 loss per share (improved from ₹107 loss in FY 2023). Revenue: ₹2.16b (down 43% from FY 2023). Net loss: ₹8.83b (loss narrowed 61% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Jun 02
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 7.8% 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 Risks Negative equity (-₹38b). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹1.08b market cap, or US$13.0m). Announcement • May 24
McNally Bharat Engineering Company Limited to Report Q4, 2024 Results on May 29, 2024 McNally Bharat Engineering Company Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹9.54 loss per share (vs ₹35.73 loss in 3Q 2023) Third quarter 2024 results: ₹9.54 loss per share (improved from ₹35.73 loss in 3Q 2023). Revenue: ₹503.4m (down 55% from 3Q 2023). Net loss: ₹2.03b (loss narrowed 73% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Feb 08
McNally Bharat Engineering Company Limited to Report Q3, 2024 Results on Feb 13, 2024 McNally Bharat Engineering Company Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: ₹9.05 loss per share (vs ₹11.36 loss in 2Q 2023) Second quarter 2024 results: ₹9.05 loss per share (improved from ₹11.36 loss in 2Q 2023). Revenue: ₹577.4m (down 34% from 2Q 2023). Net loss: ₹1.92b (loss narrowed 20% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Oct 19
McNally Bharat Engineering Company Limited Announces Retirement of Srinivash Singh as Chief Executive Officer, Effective on 30Th October 2023 McNally Bharat Engineering Company Limited announced that Mr. Srinivash Singh, Chief Executive Officer of McNally Bharat Engineering Company Limited, has expressed his desire to retire from his present role, effective 30th October 2023, on personal grounds. Announcement • Aug 12
McNally Bharat Engineering Company Limited Announces Resignation of Nilotpal Roy and Kasturi Roy Choudhury as Independent Director McNally Bharat Engineering Company Limited announced resignation received from Mr. Nilotpal Roy and Ms. Kasturi Roy Choudhury, Independent Directors of McNally Bharat Engineering Company Limited. Reported Earnings • Aug 11
First quarter 2024 earnings released: ₹11.20 loss per share (vs ₹49.41 loss in 1Q 2023) First quarter 2024 results: ₹11.20 loss per share (improved from ₹49.41 loss in 1Q 2023). Revenue: ₹524.0m (down 43% from 1Q 2023). Net loss: ₹2.37b (loss narrowed 77% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
McNally Bharat Engineering Company Limited to Report Q2, 2024 Results on Nov 10, 2023 McNally Bharat Engineering Company Limited announced that they will report Q2, 2024 results on Nov 10, 2023 New Risk • Aug 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹787.0m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-₹33b). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (₹787.0m market cap, or US$9.50m). Announcement • Jul 28
McNally Bharat Engineering Company Limited to Report Q1, 2024 Results on Aug 10, 2023 McNally Bharat Engineering Company Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 28
Full year 2023 earnings released: ₹107 loss per share (vs ₹5.32 loss in FY 2022) Full year 2023 results: ₹107 loss per share (further deteriorated from ₹5.32 loss in FY 2022). Revenue: ₹4.25b (flat on FY 2022). Net loss: ₹22.7b (loss widened ₹21.6b from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • May 27
McNally Bharat Engineering Company Limited, Annual General Meeting, Aug 31, 2023 McNally Bharat Engineering Company Limited, Annual General Meeting, Aug 31, 2023. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Nilotpal Roy was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹35.73 loss per share (vs ₹0.04 profit in 3Q 2022) Third quarter 2023 results: ₹35.73 loss per share (down from ₹0.04 profit in 3Q 2022). Revenue: ₹1.11b (down 3.7% from 3Q 2022). Net loss: ₹7.56b (down ₹7.57b from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Jan 13
McNally Bharat Engineering Company Limited to Report Q3, 2023 Results on Feb 10, 2023 McNally Bharat Engineering Company Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: ₹11.36 loss per share (vs ₹0.07 profit in 2Q 2022) Second quarter 2023 results: ₹11.36 loss per share (down from ₹0.07 profit in 2Q 2022). Revenue: ₹874.6m (down 20% from 2Q 2022). Net loss: ₹2.40b (down ₹2.41b from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₹1.03b (up 13% from 1Q 2022). Net loss: ₹10.5b (loss widened ₹10.3b from 1Q 2022). Reported Earnings • Jun 03
Full year 2022 earnings released: ₹5.32 loss per share (vs ₹2.11 loss in FY 2021) Full year 2022 results: ₹5.32 loss per share (down from ₹2.11 loss in FY 2021). Revenue: ₹4.95b (down 1.2% from FY 2021). Net loss: ₹1.13b (loss widened 152% from FY 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹6.05, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 7.1% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹5.20, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 18x in the Construction industry in India. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 18% share price gain to ₹6.10, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 17x in the Construction industry in India. Total loss to shareholders of 23% over the past three years. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹0.04 (up from ₹0.92 loss in 3Q 2021). Revenue: ₹1.16b (down 4.1% from 3Q 2021). Net income: ₹7.74m (up ₹205.1m from 3Q 2021). Profit margin: 0.7% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 3.9%. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: ₹1.00b (down 4.7% from 1Q 2021). Net loss: ₹12.2m (loss narrowed 96% from 1Q 2021). Reported Earnings • Jul 04
Full year 2021 earnings released: ₹2.06 loss per share (vs ₹18.26 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹5.02b (down 31% from FY 2020). Net loss: ₹422.9m (loss narrowed 89% from FY 2020). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 26
New 90-day high: ₹11.90 The company is up 129% from its price of ₹5.20 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 34% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.92 loss per share (vs ₹7.06 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ₹1.20b (down 27% from 3Q 2020). Net loss: ₹197.3m (loss narrowed 87% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 21
New 90-day high: ₹6.20 The company is up 32% from its price of ₹4.70 on 23 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 38% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: ₹4.50 The company is down 10.0% from its price of ₹5.00 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 4.0% over the same period.