This small cap CPSU operating under the administrative control of the Ministry of Petroleum and Natural Gas, with majority ownership of the Government of India gained attention after securing multiple orders worth Rs 730 crore.
Stock Performance
With a market capitalization of Rs 9,245.60 crore, Engineers India Ltd climbed nearly 5 percent and made an intraday high of Rs 173.95 per share compared to its previous closing price of Rs 166.40 per share. The shares reiterated from the day’s high and were trading at Rs 164.50 which is 1 percent lower than the previous close.
What Happened
Engineers India Limited (EIL) has secured two work orders from Middle East clients. The first contract, worth Rs 650 crore is for the provision of PMC services for a tenure of 5 years. The second contract includes EPMC services for a consideration of Rs 80 crore and a period of 4 years. The total consideration for both contracts would be Rs 730 crore.
Company Overview
Engineers India Ltd (EIL) is a globally recognized engineering consultancy and project management firm, primarily catering to the oil & gas and petrochemical industries. Additionally, the company has expanded into various sectors, including water and waste management, solar and nuclear power, fertilizers, and infrastructure.
Order Book Analysis
As of December 2024, the company’s total order book stands at Rs 11,352 crore. Segment-wise, Turnkey business constitutes 51 percent of the total orders while consultancy services account for the remaining 49 percent.
Financial Performance
When looking at the financials, Engineers India Limited reported a 12 percent decline in revenue from Rs 868 crore in Q3 FY24 to Rs 765 crore in Q3 FY25. In terms of profits, the company saw a significant 73 percent increase from Rs 63 crore to Rs 109 crore during the same period.
Written by Shwetha Sairam
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