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M & B Engineering Limited (MBEL) Fair Value & Analysis

Industrials · IN · Market cap ₹18.8B

MB M & B Engineering Limited MBEL · NSE
Price₹328.40
Fair Value₹340.40
Upside+3.7%
Quality44/100
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Evidence: High Range ₹255.30 – ₹425.51

Fair value as of: Jul 3, 2026

From 15 valuation models · updated yesterday

Share price +12.2% over the past month.

Price vs Fair Value (11 months)

₹519.23 ₹228.64 Fair Value ₹340.40 Aug 2025 Jul 2026

11‑month range ₹228.64 – ₹519.23 · fair‑value band ₹255.30 – ₹425.51 · the ₹328.40 price screens below the ₹340.40 fair value. As of Jul 3, 2026.

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Analysis

M & B Engineering Limited (MBEL) currently trades at ₹328.40, while our model-based Fair Value estimate is ₹340.40 — implying the stock looks roughly 3.7% undervalued today. We read business quality at 44/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, M & B Engineering Limited generated revenue of ₹12.6B at a net margin of 7.4%. Revenue grew 16.0% year over year. It earns a return on equity of 19.2%. The balance sheet holds a net cash position of ₹2.0B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹12.6B
Revenue growth (YoY) +16.0%
Net margin 7.4%
Return on equity 19.2%
Free cash flow −₹722M FY2026
P/E ratio 19.4
More key figures
Operating margin 9.3%
EPS (TTM) ₹16.95
EPS growth (YoY) -16.5%
Net cash ₹2.0B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

M & B Engineering Limited, an engineering company, engages in the design, manufacturing, and installation of pre-engineered metal buildings, self-supported steel roofing, and complex steel components. The company manufactures structural steel components for projects, including construction of bridges, flyovers, power plant structures, and other industrial applications. It serves general engineering and manufacturing, food and beverages, warehousing and logistics, power, textiles, and railway sectors. M & B Engineering Limited operates in India, the United States, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, Seychelles, and internationally. The company was incorporated in 1981 and is based in Ahmedabad, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

M & B Engineering Limited reported revenue of ₹12.6B in FY2026 versus ₹6.9B in FY2022, a compound +16.3%/yr. Reported net income was ₹926M in FY2026, compounding +54.4%/yr from FY2022.

Revenue +16.3%/yr
FY22 ₹6.9B
FY23 ₹8.8B
FY24 ₹8.0B
FY25 ₹9.9B
FY26 ₹12.6B
Net income +54.4%/yr
FY22 ₹163M
FY23 ₹329M
FY24 ₹456M
FY25 ₹770M
FY26 ₹926M

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Similar stocks

6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LTOD $42.70 $34.33 -20%
Samsung C&T Corporation 028260 407,500 KRW 236,704 KRW -42%
China State Construction Engineering Corporation 601668 ¥4.74 ¥15.02 +217%
TopBuild Corp BLD 7,547 MXN 3,472 MXN -54%
Hyundai Engineering & Construction Co 000720 131,900 KRW 76,878 KRW -42%
United Integrated Services Co 2404 1,260 TWD 1,431 TWD +14%

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Frequently asked questions

Is M & B Engineering Limited (MBEL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹340.40 versus a price of ₹328.40 — about +4% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MBEL?
Our model-based fair value for M & B Engineering Limited is ₹340.40 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹328.40.
What is the quality score of MBEL?
M & B Engineering Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of M & B Engineering Limited (MBEL)?
M & B Engineering Limited reported trailing-twelve-month revenue of about ₹12.6B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MBEL?
The net profit margin of M & B Engineering Limited is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.