Engineers India Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

In Delhi, in 1965, EIL was established as a state-owned Indian company that provided engineering consulting and technology licensing services. Engineers India’s share price recovery is in jeopardy as a result of the Navratna Company’s recent share price decline at the National Stock Exchange over the past six weeks. Investors will learn about the factors that influence Engineers India’s future share price predictions in this article, as well as other important information like Engineers India’s financial report for 2023 and its NSE stock performance over time.

Engineers India Share Price Target 2024-2030

India’s EIL is a company that offers engineering consulting and technology licensing. EIL is an engineering consulting firm that executes turnkey contracts by providing a comprehensive range of project services, including ideation, planning, design, purchase, procurement, installation, commissioning to the client’s satisfaction, and providing the necessary after-the-fact services for operation checks or regular on-site maintenance in a variety of industries.

Engineers India Share Price Target Today Update

Engineering Consultancy and Technology Licensing (EIL) is a state-owned business in India. It was laid out in 1965 and is settled in Delhi India. For the past six weeks, this Navratna Company’s share prices have been trending downward on the National Stock Exchange, which may pose a threat to Engineers India’s chances of regaining their previous upward trajectory.

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Engineers India Latest News

• With an increase of 8.91 percent since Thursday morning, Engineers India Share Price Today has gained a little positive momentum on the stock exchange.
• The ENGINERSIN NSEStock has not had the option to satisfy the hopes of the market in the beyond seven weeks as Architects India Offer Costs went somewhere around over 30% from Rs 261.35 on February second to Rs 174.45 on Spring twentieth, 2024.
• IIT Roorkee and EIL (Engineers India Ltd.) have entered into a memorandum of understanding to cooperate in order to achieve excellence in innovation and advance scientific research.
• According to the statement, the primary objective is to develop a sustainable innovation that encourages businesses to make better use of their resources.
• A memorandum of association between NTPC and Engineers India Ltd. was recently signed to advance their efforts in green hydrogen energy and carbon capture technology.
• Carbon catch innovation likewise empowers its capacity challenge before these two organizations.

Engineers India Business Profile

Petroleum refining, petrochemicals, pipelines, oil & gas, terminals & storages, mining & metallurgy, infrastructure, water and waste management, city gas distribution, power-thermal, solar, nuclear, gas-based fertilizer projects, coal-to-liquid (CTL), and steel are just a few of the many industries in which the company operates.

Subsidiary

Certification Engineers International Ltd. – In addition to providing various certifications (CEIL), WOS offers Third Party Inspections.

Ramagundam Fertilizers & Chemical Ltd.– A new gas-based urea production facility with a daily production capacity of 2200 metric tons for ammonia and 3850 metric tons for urea will be built in Ramagundam, Telangana, by NFC, FCI, and RFCL.

Order Book

The order book for the business was Rs. 7,990.6 billion as of the 23rd of December. 59% of the book was for consulting services, and the remaining 46% was for turnkey projects. Over 68% of the Clinical Services order book is comprehended, with the remaining 32% coming from outside the country.

R&D

The Co’s R&D center at Gurgaon has made more than 40 cycle advancements for refining raw petroleum or flammable gas fluids in these organizations, purifiers and petrochemicals areas EIL possesses 34 live licenses on such interaction innovation they expect one more 40 licenses till Walk 31, 2023.5 licenses, two brand names are now given; nine licenses close by three brand names were applied for in FY23.

Strategic Diversification

For the purpose of carrying out MIL Plant Modernization and Infrastructure Projects, EIL has entered into contracts with MIL, the leading ammunition and explosives manufacturer in India. MIL is the largest manufacturer and market leader in India, specializing in the production of ammunition and explosives. As a result, it is involved in the production and distribution of arms, navy ammunition, and explosives for the air forces for military personnel and other paramilitary forces. The marking of this MoU marks the section by E.I.L into the guard fragment accordingly animating its development procedure into neglected projects.

Engineers India Fundamentals & Quarterly Results

Metric	Value
Market Cap	₹ 13,062 Cr.
Current Price	₹ 232
High / Low	₹ 290 / 108
Stock P/E	29.3
Book Value	₹ 40.1
Dividend Yield	1.29 %
ROCE	22.6 %
ROE	21.1 %
Face Value	₹ 5.00
Debt to Equity	0.01
Debt Capacity	0.23
Debt Preceding Year	₹ 18.9 Cr.
Debt	₹ 33.0 Cr.
Reserves	₹ 1,974 Cr.
EPS	₹ 7.92
EPS Last Year	₹ 7.92
Pledged Percentage	0.00 %
FCF Previous Annual	₹ -147 Cr.
EV/EBITDA	23.0
Industry PE	37.4
PEG Ratio	7.60
Piotroski Score	6.00
Earnings Yield	4.05 %
Sales Growth 5 Years	5.79 %

Engineers India Quarterly Results

Quarter/Year	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	692	818	815	793	842	880	818	790	868	805
Expenses	626	708	768	748	792	713	747	691	818	728
Operating Profit	67	110	47	45	50	167	71	99	50	77
OPM %	10%	13%	6%	6%	6%	19%	9%	12%	6%	10%
Other Income	39	43	28	65	26	45	94	44	30	51
Interest	0	0	0	0	0	0	1	0	1	1
Depreciation	8	5	5	7	7	7	8	8	8	11
Profit before tax	97	147	69	103	69	204	156	134	71	117
Tax %	27%	17%	26%	17%	27%	23%	25%	24%	26%	23%
Net Profit	41	79	65	75	16	190	139	127	63	116
EPS in Rs	0.72	1.41	1.15	1.34	0.29	3.38	2.47	2.27	1.13	2.06

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM / Last Year
Compounded Sales Growth	6%	6%	1%	-1%
Compounded Profit Growth	0%	4%	10%	30%
Stock Price CAGR	4%	14%	40%	112%
Return on Equity	14%	16%	16%	21%

Engineers India Shareholding Pattern

Year/Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters	57.02%	52.02%	52.00%	51.50%	51.32%	51.32%	51.32%	51.32%
FIIs	6.85%	5.61%	6.58%	7.59%	7.00%	6.74%	7.96%	7.01%
DIIs	19.86%	26.57%	25.53%	25.52%	15.71%	13.05%	15.81%	13.60%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Public	16.27%	15.80%	15.89%	15.40%	25.97%	28.89%	24.90%	28.05%
No. of Shareholders	1,78,806	1,90,980	1,88,301	1,93,915	2,69,565	2,92,191	2,58,326	3,85,950

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Engineers India Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹210	₹259	₹289
2025	₹295	₹277	₹330
2026	₹337	₹317	₹378
2027	₹386	₹363	₹434
2028	₹443	₹417	₹498
2029	₹508	₹477	₹570
2030	₹581	₹547	₹654

Engineers India Share Price Target 2025

Month	Target
January	₹295
February	₹301
March	₹307
April	₹297
May	₹287
June	₹277
July	₹288
August	₹300
September	₹312
October	₹318
November	₹324
December	₹330

Engineers India Share Price Target 2026

Month	Target
January	₹337
February	₹344
March	₹351
April	₹339
May	₹328
June	₹317
July	₹330
August	₹343
September	₹357
October	₹364
November	₹371
December	₹378

Engineers India Share Price Target 2027

Month	Target
January	₹386
February	₹394
March	₹402
April	₹389
May	₹376
June	₹363
July	₹378
August	₹393
September	₹409
October	₹417
November	₹425
December	₹434

Engineers India Share Price Target 2028

Month	Target
January	₹443
February	₹452
March	₹461
April	₹446
May	₹431
June	₹417
July	₹434
August	₹451
September	₹469
October	₹478
November	₹488
December	₹498

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Engineers India Share Price Target 2029

Month	Target
January	₹508
February	₹518
March	₹528
April	₹510
May	₹493
June	₹477
July	₹496
August	₹516
September	₹537
October	₹548
November	₹559
December	₹570

Engineers India Share Price Target 2030

Month	Target
January	₹581
February	₹593
March	₹605
April	₹585
May	₹566
June	₹547
July	₹569
August	₹592
September	₹616
October	₹628
November	₹641
December	₹654

Points Before investing in Engineers India Stock

• Engineers India Limited company has been a good stock that has given investors a good return on their investments over the years.
• However, the ENGINERSIN NSEStock has been down by more than 30% since February 2024. In the short term, investors should be wary of this picture.
• However, the Engineers India Ltd Company may still have a bright future for long-term investors.
• Engineers India Limited has maintained a positive trajectory over the past six months and in previous years despite losing its market valuation.
• Risk factors for Engineers India Share Price include L&T Technology Company’s competition as well as other lower-valued companies on the chief.
• For the monetary year 2023, Specialists India’s revenueincreased by 14.33% to Rs 33.3o Billion. Engineers India’s net income increased to plus 148.18% (YOY) for the fiscal year 2023.
• Engineers India Ltd.’s share price target was set at Rs 174 in September 2023 with a “Buy” recommendation, according to the analysis report from ICICI Securities.
• However, ENGINERSIN NSE Stock exceeded the above target on January 1, 2024, according to the stock’s history.
• In 2023, Designers India Restricted Companygot a few agreements in its possession, for example, a Rs 837 crore request from ONGC and others worth 4,500 crores.

Final Words

The Share Price of Engineers India throughout recent long periods of its stock exchanging recommends a frustrating development direction of a pitiful 68% on the stock trade. On the National Stock Exchange, ENGINERSIN NSE stock has fallen by more than 13% in the past month and has shown no signs of regaining its positive trajectory. However, your investment is still up by 155% if an investor has remained consistent over the past year despite the bearish nature of the stock over the past month.