M & B Engineering Limited (MBEL) Fair Value & Analysis
Industrials · IN · Market cap ₹18.8B
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 4 days ago
Share price −11.8% over the past month.
A solid business, screening 20% undervalued on our models.
What matters now
- Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from ₹255.30 (bear) to ₹425.51 (bull), base ₹340.40. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (12 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.
How to read this chart
12‑month range ₹226.45 – ₹514.25 · fair‑value band ₹255.30 – ₹425.51 · the ₹283.30 price screens below the ₹340.40 fair value. As of Aug 13, 2026.
Analysis
M & B Engineering Limited (MBEL) currently trades at ₹283.30, while our model-based Fair Value estimate is ₹340.40, implying the stock looks roughly 20.2% undervalued today. The Quality Score stands at 51/100 (solid 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 Aug 13, 2026
Our scenario range runs from ₹255.30 (bear case) to ₹425.51 (bull case); at ₹283.30, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 20%, MBEL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: DCF Models (₹512.88) versus Asset-Based (₹77.04). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 17
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
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.
Full company description
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.
Company description, as reported by the company or data provider.
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.
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Peer Group
Engineering & Construction · 838 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹4,020 | ₹1,994 | -50% |
| Samsung C&T Corporation 028260 | 357,500 KRW | 261,411 KRW | -27% |
| Hyundai Engineering & Construction Co 000720 | 113,700 KRW | 61,453 KRW | -46% |
| Samsung E&A Co 028050 | 49,300 KRW | 43,624 KRW | -12% |
| Rail Vikas Nigam Limited RVNL | ₹228.50 | ₹48.92 | -79% |
| Daewoo Engineering & Construction Co 047040 | 18,400 KRW | 6,507 KRW | -65% |
| KEPCO Engineering & Construction Company 052690 | 99,800 KRW | 19,346 KRW | -81% |
| GS Engineering & Construction Corporation 006360 | 35,200 KRW | 23,135 KRW | -34% |
| DL E&C Co 375500 | 73,500 KRW | 148,433 KRW | +102% |
| KEPCO Plant Service & Engineering Co 051600 | 46,350 KRW | 43,924 KRW | -5% |
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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.
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