Scrip Watch

Engineers India Ltd

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Engineers India Ltd

Engineers India Ltd
Consulting Services
FV – Rs 2; 52wks H/L –321.9/143.25; TTQ – 1.28 Lacs; CMP – Rs 318 (As On December 22nd 2016);                          

        Market Cap – Rs 10669 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
168.47 2731 1780 261.52 81 7.76 41 24.59 3.93 59.37 1.76

 

Standalone Financials and Valuations for H1 FY17


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
168.47 2839 681 174.06 84 5.17 62 24.59 3.79 59.37 1.76

 

Valuation Parameters:

  1. Long Term Debt to Equity – NIL
  2. ROE % – 9.6
  3. Market Cap/Sales – 6

 

Engineers India Ltd Fixes Jan 2, 2017 as Record Date for 1:1 Bonus Issue. http://equitybulls.com/admin/news2006/news_det.asp?id=197803

Engineers India looks at doubling order book targets of FY17

http://www.business-standard.com/article/companies/engineers-india-looks-at-doubling-order-book-targets-of-fy17-116120600930_1.html

The  Company secured new business of 1596 Crore in FY2015-16 which includes 1210 Crore from domestic consultancy and turnkey business and 386 Crore from overseas business.

Overview:

  • Engineers India Ltd (EIL) is an engineering consultancy, and engineering, procurement and construction (EPC) company in the hydrocarbons and petrochemicals industry.
  • The Company’s segments are Consultancy & Engineering Projects, and Turnkey Projects. Its services include technologies, pre-Front End Engineering Design (FEED) and FEED, project management, procurement services, construction services and specialized services.
  • The Company focuses on various sectors, including fertilizer and liquefied natural gas (LNG), non-ferrous metallurgy, infrastructure, strategic crude oil storage, nuclear and solar energy, and exploration and production. It offers various technologies for petroleum refining, oil and gas processing, and aromatics.
  • The Company’s projects include Guru Gobind Singh Refinery Project, Bina Refinery Project, Panipat Naphtha Cracker Project, Dabhol Bangalore Pipeline Project, Phase II Expansion of Alumina Refinery and Deen Dayal Field Development Project.
  • Engineers India Ltd riding on the spike in domestic orders from the hydrocarbon sector met its order booktarget for the current financial year in the first quarter.
  • The company is now confident to report twice of what it had guided for in order book growth at the start of the financial year.

 As of June 2016, the company had an outstanding order book of Rs 5467 crore. 

This year, the Company successfully carried out an Offer for Sale (OFS) as part of the Government of India’s decision to divest 10% of its stake in EIL. The OFS was oversubscribed by 2.54 times with overwhelming participation from FIIs, banks, mutual funds and Insurance Companies. With this divestment, the GOI holding in EIL is at 59.37% of the paid up share capital of the Company.

Management:

  • Mr. Sanjay Gupta  – CMD
  • Mr. Ram Singh – CFO

The Equity Capital is @ Rs 168.47 Crs consisting of  336936600 equity Shares of FV Rs 5 currently held as under

None Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Sr.No Non – Promoters No. of shares held % of shares held
1 L&T Mutual Fund 6356747 1.89
2 DSP Blackrock Balanced Fund 3834337 1.14
3 ICICI Prudential Value Fund – Series 1 6105431 1.81
4 Swiss Finance Corporation (Mauritius) Ltd 6893556 2.05
5 LIC Of India Market Plus Growth Fund 7164243 2.13
6 Life Insurance Corporation of India 16719201 4.96
7 General Insurance Corporation Of India 4755015 1.41
8 Birla Sunlife Insurance Company Ltd 3610924 1.07

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 168.47 168.47 168.47 168.47 168.47 168.47
Networth 2731 2632 2522 2295 1899 1490
Total Debt 0.3 0.5 0.2 0 0 0
Net Sales 1780 2014 2182 2846 3956 3008
Other Income 255 273 336 317 232 160
PAT 261.52 312.71 482.73 632.2 643.87 531.29
Book Value (Rs) 81 78 75 68 56 44
EPS (Rs) 7.76 9.28 14.33 18.76 19.11 15.77

 

 

 

 

 

 

 

 

 

 

 

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