MBEL
M & B Engineering Limited
Pre-engineered buildings and complex structural steel fabricator
Industrials›Construction›Construction›Civil Construction
mbproflex.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
M&B Engineering makes pre-engineered steel buildings (PEB) and heavy structural steel, sold through its Phenix and Proflex divisions to industrial, warehousing and infrastructure customers in India and overseas.
Company snapshot
38thBy market cap
Ranked among 90 companies in Civil Construction.
What we see
- ✓Debt-to-equity of 0.12x — the company is largely funded by its own money, not borrowed funds.
- ✗Only 4% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 238 Cr | 307 Cr | 352 Cr | 364 Cr | 291 Cr |
| Operating expenses (approx.) | 208 Cr | 272 Cr | 312 Cr | 326 Cr | 260 Cr |
| EBITDA | 29 Cr | 34 Cr | 40 Cr | 38 Cr | 31 Cr |
| OPM % | 12.4% | 11.2% | 11.3% | 10.4% | 10.5% |
| Other income | 4 Cr | 2 Cr | 4 Cr | 5 Cr | 5 Cr |
| Interest | 6 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr |
| Depreciation | 4 Cr | 4 Cr | 4 Cr | 4 Cr | 4 Cr |
| Profit before tax | 24 Cr | 29 Cr | 35 Cr | 36 Cr | 29 Cr |
| Tax % | 26.5% | 22.8% | 26.3% | 24.5% | 25.2% |
| Net profit | 18 Cr | 22 Cr | 25 Cr | 27 Cr | 22 Cr |
| EPS (₹) | ₹3.59 | ₹4.07 | ₹4.46 | ₹4.76 | ₹3.75 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 880 Cr | 795 Cr | 989 Cr | 1,260 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 814 Cr | 715 Cr | 862 Cr | 1,118 Cr | Sign in free for the trailing twelve months |
| EBITDA | 66 Cr | 80 Cr | 126 Cr | 142 Cr | Sign in free for the trailing twelve months |
| OPM % | 7.5% | 10.0% | 12.8% | 11.2% | Sign in free for the trailing twelve months |
| Other income | 9 Cr | 13 Cr | 8 Cr | 16 Cr | Sign in free for the trailing twelve months |
| Interest | 19 Cr | 23 Cr | 20 Cr | 17 Cr | Sign in free for the trailing twelve months |
| Depreciation | 10 Cr | 9 Cr | 13 Cr | 15 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 45 Cr | 61 Cr | 102 Cr | 124 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.7% | 25.0% | 24.6% | 25.0% | Sign in free for the trailing twelve months |
| Net profit | 33 Cr | 46 Cr | 77 Cr | 93 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹6.82 | ₹9.17 | ₹15.41 | ₹16.94 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 0.0% | 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 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 20 Cr | 50 Cr | 50 Cr | 57 Cr |
| Reserves | 161 Cr | 183 Cr | 257 Cr | 600 Cr |
| Borrowings | 149 Cr | 205 Cr | 186 Cr | 79 Cr |
| Other liabilities | 230 Cr | 195 Cr | 357 Cr | 425 Cr |
| Total liabilities | 559 Cr | 633 Cr | 849 Cr | 1,161 Cr |
| Fixed assets (net) | 74 Cr | 76 Cr | 169 Cr | 172 Cr |
| CWIP | 2 Cr | 66 Cr | 2 Cr | 14 Cr |
| Investments | 5 Cr | 7 Cr | 5 Cr | 4 Cr |
| Loans & advances | — | — | — | 0.48 Cr |
| Inventories | 175 Cr | 196 Cr | 322 Cr | 349 Cr |
| Trade receivables | 119 Cr | 139 Cr | 192 Cr | 239 Cr |
| Cash & bank | 98 Cr | 73 Cr | 30 Cr | 96 Cr |
| Other assets | 85 Cr | 76 Cr | 129 Cr | 286 Cr |
| Total assets | 559 Cr | 633 Cr | 849 Cr | 1,161 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | 29 Cr | 6 Cr | 36 Cr | -26 Cr |
| Cash from investing | -12 Cr | -62 Cr | -34 Cr | -39 Cr |
| Cash from financing | 30 Cr | 32 Cr | -45 Cr | 136 Cr |
| Net cash flow | 47 Cr | -25 Cr | -44 Cr | 66 Cr |
| Free cash flow (OCF − Capex) | 11 Cr | -66 Cr | -7 Cr | -60 Cr |
Ratios
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | 19.7% | 19.2% | 24.8% | 19.2% |
| ROE % | 18.3% | 19.6% | 25.1% | 14.1% |
| Debtor days | 49 | 64 | 71 | 69 |
| Inventory days | 97 | 124 | 174 | 146 |
| Days payable | 74 | 59 | 122 | 89 |
| Cash conversion cycle | 72 | 129 | 122 | 126 |
| OCF / EBITDA % | 43.6% | 7.1% | 28.2% | -18.4% |
| OCF / EBITDA % (3 years) | — | — | 25.8% | 4.4% |
| Debt / equity | 0.83 | 0.88 | 0.61 | 0.12 |
| Current ratio | 1.65 | 1.36 | 1.38 | 1.92 |
| Net debt / EBITDA | 0.76 | 1.65 | 1.24 | -0.12 |