MBECL
Mcnally Bharat Engineering Company Limited
Mcnally Bharat Engineering Company Limited (MBECL) financial statements and selected valuation metrics through 30 June 2026.
Key metrics
Price as of 2026-10-16
Stock price
₹420.30
Market cap
1,401 Cr
Stock P/E
0.4
P/B
2.45
ROE (FY26)
604.4%
ROCE (FY26)
550.6%
Operating margin (FY26)
-303.1%
Debt / equity (FY26)
0.17
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
McNally Bharat Engineering Company is 90% owned by its promoters, emerged from a court-approved insolvency resolution plan and now earns about ₹74 crore of revenue a year.
Company snapshot
43rdBy market cap
Ranked among 90 companies in Civil Construction.
What we see
Positives
- ✓Net margin of 4692.6% — the business keeps a healthy share of every rupee it earns.
Concerns
- ✗Interest coverage of -1.0x — earnings barely cover interest payments, which is a warning sign.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47 Cr | 40 Cr | 40 Cr | 26 Cr | 27 Cr | 22 Cr | 30 Cr | 15 Cr | 18 Cr | 25 Cr | 15 Cr | 15 Cr |
| Operating expenses (approx.) | 59 Cr | 54 Cr | 101 Cr | 31 Cr | 34 Cr | 75 Cr | 829 Cr | 32 Cr | 130 Cr | 85 Cr | 48 Cr | 22 Cr |
| EBITDA | -12 Cr | -14 Cr | -61 Cr | -5 Cr | -7 Cr | -53 Cr | -799 Cr | -17 Cr | -111 Cr | -60 Cr | -32 Cr | -7 Cr |
| OPM % | -26.1% | -34.9% | -150.2% | -18.6% | -24.6% | -246.9% | -2628.8% | -112.5% | -602.5% | -241.2% | -212.4% | -43.9% |
| Other income | 11 Cr | 10 Cr | 15 Cr | 50 Cr | 8 Cr | 7 Cr | -64 Cr | 0.04 Cr | 1 Cr | -0.02 Cr | 0.04 Cr | 0.15 Cr |
| Interest | 190 Cr | 198 Cr | 205 Cr | 264 Cr | 221 Cr | 230 Cr | 134 Cr | 213 Cr | -3 Cr | 0.50 Cr | 12 Cr | 3 Cr |
| Depreciation | 0.81 Cr | 0.79 Cr | 0.77 Cr | 0.65 Cr | 0.80 Cr | 0.80 Cr | 0.72 Cr | 0.66 Cr | 0.63 Cr | 0.61 Cr | 0.57 Cr | 0.41 Cr |
| Profit before tax | -192 Cr | -203 Cr | -252 Cr | -220 Cr | -220 Cr | -277 Cr | -999 Cr | -230 Cr | 3,810 Cr | -61 Cr | -71 Cr | -25 Cr |
| Tax % | 0.0% | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% | 0.0% |
| Net profit | -192 Cr | -203 Cr | -252 Cr | -220 Cr | -220 Cr | -277 Cr | -999 Cr | -230 Cr | 3,810 Cr | -61 Cr | -69 Cr | -25 Cr |
| EPS (₹) | ₹-9.05 | ₹-9.54 | ₹-11.90 | ₹-10.41 | ₹-10.39 | ₹-13.06 | ₹-51.63 | ₹-69.08 | ₹1143.05 | ₹-18.37 | ₹-20.74 | ₹-7.58 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,202 Cr | 1,688 Cr | 1,741 Cr | 730 Cr | 502 Cr | 424 Cr | 381 Cr | 168 Cr | 105 Cr | 74 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 2,611 Cr | 1,866 Cr | 2,246 Cr | 1,073 Cr | 513 Cr | 522 Cr | 701 Cr | 262 Cr | 968 Cr | 294 Cr | Sign in free for the trailing twelve months |
| EBITDA | -409 Cr | -179 Cr | -505 Cr | -343 Cr | -11 Cr | -98 Cr | -320 Cr | -94 Cr | -863 Cr | -220 Cr | Sign in free for the trailing twelve months |
| OPM % | -18.6% | -10.6% | -29.0% | -47.0% | -2.3% | -23.0% | -84.1% | -55.7% | -822.0% | -299.8% | Sign in free for the trailing twelve months |
| Other income | 317 Cr | 153 Cr | 158 Cr | 62 Cr | 30 Cr | 71 Cr | 44 Cr | 47 Cr | 0.90 Cr | 1 Cr | Sign in free for the trailing twelve months |
| Interest | 432 Cr | 555 Cr | 406 Cr | 89 Cr | 46 Cr | 51 Cr | 1,939 Cr | 834 Cr | 849 Cr | 222 Cr | Sign in free for the trailing twelve months |
| Depreciation | 45 Cr | 31 Cr | 23 Cr | 18 Cr | 16 Cr | 13 Cr | 10 Cr | 3 Cr | 3 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -572 Cr | -617 Cr | -802 Cr | -388 Cr | -44 Cr | -121 Cr | -2,201 Cr | -883 Cr | -1,716 Cr | 3,447 Cr | Sign in free for the trailing twelve months |
| Tax % | 91.1% | 23.8% | 1.4% | 0.1% | 0.0% | 0.0% | -2.8% | -0.0% | 0.0% | -0.1% | Sign in free for the trailing twelve months |
| Net profit | -51 Cr | -470 Cr | -791 Cr | -387 Cr | -44 Cr | -121 Cr | -2,263 Cr | -883 Cr | -1,716 Cr | 3,450 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-12.11 | ₹-31.81 | ₹-36.94 | ₹-18.22 | ₹-2.06 | ₹-5.32 | ₹-107.32 | ₹-41.74 | ₹-88.69 | ₹1034.87 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | — | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 54 Cr | 158 Cr | 172 Cr | 212 Cr | 212 Cr | 212 Cr | 212 Cr | 212 Cr | 33 Cr | 33 Cr |
| Reserves | 45 Cr | -72 Cr | 18 Cr | -204 Cr | -259 Cr | -385 Cr | -3,536 Cr | -4,419 Cr | -5,925 Cr | 537 Cr |
| Borrowings | 2,794 Cr | 3,270 Cr | 2,263 Cr | 2,304 Cr | 2,322 Cr | — | 3,104 Cr | 3,106 Cr | 3,093 Cr | 96 Cr |
| Other liabilities | 2,553 Cr | 1,945 Cr | 1,212 Cr | 757 Cr | 504 Cr | — | 2,318 Cr | 3,100 Cr | 3,969 Cr | 157 Cr |
| Total liabilities | 5,482 Cr | 5,334 Cr | 3,666 Cr | 3,088 Cr | 2,798 Cr | — | 2,098 Cr | 1,999 Cr | 1,170 Cr | 824 Cr |
| Fixed assets (net) | 228 Cr | 200 Cr | 177 Cr | 161 Cr | 147 Cr | — | 17 Cr | 14 Cr | 12 Cr | 4 Cr |
| CWIP | 4 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | — | 5 Cr | 5 Cr | 0 Cr | 0 Cr |
| Investments | 21 Cr | 16 Cr | 0.97 Cr | 0.93 Cr | 1 Cr | — | 1 Cr | 1 Cr | 1 Cr | 1 Cr |
| Loans & advances | — | — | — | — | — | — | 18 Cr | 18 Cr | 18 Cr | 0 Cr |
| Inventories | 337 Cr | 418 Cr | 181 Cr | 113 Cr | 94 Cr | — | 0.75 Cr | 0.37 Cr | 0.22 Cr | 0 Cr |
| Trade receivables | 1,755 Cr | 1,797 Cr | 1,741 Cr | 1,434 Cr | 1,087 Cr | — | 753 Cr | 742 Cr | 339 Cr | 166 Cr |
| Cash & bank | 93 Cr | 98 Cr | 42 Cr | 22 Cr | 38 Cr | — | 30 Cr | 17 Cr | 2 Cr | 4 Cr |
| Other assets | 3,043 Cr | 2,799 Cr | 1,519 Cr | 1,352 Cr | 1,425 Cr | — | 1,273 Cr | 1,201 Cr | 797 Cr | 648 Cr |
| Total assets | 5,482 Cr | 5,334 Cr | 3,666 Cr | 3,088 Cr | 2,798 Cr | — | 2,098 Cr | 1,999 Cr | 1,170 Cr | 824 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | -568 Cr | -303 Cr | 359 Cr | -187 Cr | 64 Cr | -7 Cr | 10 Cr | -13 Cr | -17 Cr | 42 Cr |
| Cash from investing | -22 Cr | 65 Cr | 390 Cr | 47 Cr | 0.31 Cr | 39 Cr | -11 Cr | -0.85 Cr | -15 Cr | 17 Cr |
| Cash from financing | 595 Cr | 302 Cr | -806 Cr | 120 Cr | -48 Cr | -33 Cr | 6 Cr | 1 Cr | 16 Cr | -58 Cr |
| Net cash flow | 5 Cr | 64 Cr | -57 Cr | -19 Cr | 16 Cr | -1 Cr | 5 Cr | -13 Cr | -15 Cr | 2 Cr |
| Free cash flow (OCF − Capex) | -568 Cr | -309 Cr | 358 Cr | -190 Cr | 64 Cr | -8 Cr | 10 Cr | -13 Cr | -17 Cr | 42 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -4.8% | -1.8% | -16.1% | -12.8% | — | — | — | — | — | 550.6% |
| ROE % | -42.4% | -391.1% | -411.1% | -1432.8% | — | — | — | — | — | 604.4% |
| Debtor days | 290 | 388 | 364 | 717 | 789 | 1376 | 720 | 1612 | 1176 | 823 |
| Inventory days | 79 | 159 | 56 | 140 | 164 | 5 | 1 | 2 | 6 | 0 |
| Days payable | 330 | 364 | 175 | 329 | 459 | 659 | 392 | 1093 | 6094 | 623 |
| Cash conversion cycle | 39 | 183 | 245 | 528 | 494 | 722 | 329 | 520 | -4913 | 200 |
| Debt / equity | 28.33 | 38.08 | 13.29 | 287.85 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 |
| Current ratio | 0.87 | 0.85 | 0.86 | 0.79 | 0.76 | 0.76 | 0.29 | 0.24 | 0.09 | 1.20 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | — | — |