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M & B Engineering share price & results

M & B Engineering Limited· Construction· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Manufactures pre-engineered steel buildings (PEBs) and self-supported steel roofing systems across India and export markets.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue265 ₹ crore+16.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin8.0 %−3.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit15.0 ₹ crore0.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity20.09 %−8.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-4.89 %−4.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)20.88 %+3.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 6 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.

M & B Engineering Limited management guidance track record on Inve: 18 targets tracked across analysed earnings calls (5 achieved, 1 missed, 12 open).

TargetOriginal wordingSaidLatest callVerdict
Sanand PEB Brownfield OperationalizationOperational in the 1st quarter of FY 2027
Call transcript, Q1 FY26 · 25 Aug 2025		Q1 FY26Q1 FY27:Delayed again. Now expected to be commissioned in October 2026 (Q3 FY27).
Call transcript, Q1 FY27 · 10 Aug 2026		Delayed
FY26 Topline GrowthOverall topline growth of over 25% in FY 2026
Call transcript, Q1 FY26 · 25 Aug 2025		Q1 FY26Q4 FY26:Achieved. FY26 revenue at Rs. 1,259.7 cr, representing 27% YoY growth.
Call transcript, Q4 FY26 · 12 May 2026		Achieved
FY26 EBITDA MarginConfident of further improving our EBITDA margins in FY 2026
Call transcript, Q1 FY26 · 25 Aug 2025		Q1 FY26Q4 FY26:Missed. FY26 EBITDA margin came in at 12.5%, below the revised guidance of 12.75% and the original goal of improving on FY25's 13.6%.
Call transcript, Q4 FY26 · 12 May 2026		Missed

Source: Inve Guidance Tracker for M & B Engineering Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of M & B Engineering Limited's 18 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Price

₹258.62 +1.80% · +₹4.57

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −45.3% 1Y

₹300₹400₹500Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 9 Feb 2026Q4 FY26 — 12 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹472.7 on 24 Oct 2025 → ₹258.62. High ₹514.25 (10 Nov 2025), low ₹226.45 (30 Mar 2026).

Previous close
₹254.05
Market cap
₹1.5k Cr
52-week range
₹226.45 – ₹514.25
One year
−44.40%
Price to earnings (TTM to Jun 2026)
14.99×
Return on equity (TTM to Jun 2026)
20.09%

Overview

Symbol
NSE:MBEL
Industry
Industrials
Exchange
NSE
Currency
INR

What M & B Engineering Limited does

Based on the company's own presentations, annual report and earnings calls.

M&B Engineering designs, manufactures and installs pre-engineered steel buildings (PEBs) and complex structural steel components through its Phenix division, and self-supported steel roofing systems through its Proflex division. Phenix's structures are fabricated in-factory and assembled on-site, offering a lighter, faster alternative to conventional RCC construction, while Proflex's arch-design roofs eliminate the need for trusses or intermediate supports. The company serves customers across industrial, warehousing, infrastructure and railway segments from manufacturing facilities in Gujarat and Tamil Nadu, and exports through its wholly owned US subsidiary, Phenix Construction Technologies Inc.

Segments

  • Phenix
  • Proflex
Manufacturing facilities
2 (Sanand, Gujarat; Cheyyar, Tamil Nadu)
Combined PEB installed capacity
~1,03,800 MTPA (Sanand 72,000 MTPA + Cheyyar 31,800 MTPA)
Proflex installed capacity
1.9 Mn sq. m. per annum via 15 mobile manufacturing units
Permanent employees
1,631
Customer groups served
2,000+ pan-India
Export footprint
Customers in 23 countries including US, Canada, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya and Seychelles
Founded 1981Headquarters Ahmedabad, Gujarat, IndiaEmployees 1,631 (2026-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
−10.3%
10 Aug
Q4 FY26
−11.1%
12 May
Q3 FY26
−3.6%
9 Feb
Q2 FY26
−15.2%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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