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Earnings Call

M & B Engineering Earnings Call: Key Takeaways

M&B Engineering reported robust FY26 performance with 27% revenue growth, driven by the Phenix division's domestic and export expansion despite Q4 margin pressure from forex and war-related logistics costs.

Why this was an Alfa AlertNot a filter event. FY26 performance was broadly in line with company guidance.
Highlights
Revenue growth27% YoY in FY26; Q4 FY26 revenue increased 16% to ₹363.7cr.
MarginsEBITDA margin 12.5% in FY26 vs 13.6% in FY25 due to forex/logistics.
Order book₹1,083cr as of March 2026, up 35% YoY; export orders at ₹279cr.
Demand visibilityStrong bid pipeline of ₹1,100cr; resilient demand in warehousing and industrial sectors.
Management confidenceHigh confidence in 25% FY27 growth backed by strong order book.

Growth

FY26 Revenue grew 27% to ₹1,259.7cr; PAT rose 20% to ₹92.6cr; EBITDA increased 17% to ₹157.2cr.

Outlook

FY27 revenue guidance of 25% growth; ₹100cr capex planned; Sanand capacity expanding to 92,000 MT by Q2 FY27.

Risks

Foreign currency volatility, rising domestic steel prices (+20%), and increased export freight costs due to geopolitical conflicts.

Source

Earnings Call filed with BSE, NSE: MBEL. Summary written with AI assistance from the document.

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M & B Engineering Ltd: key numbers

Share price
₹257.70
Market cap
₹1,473 Cr
Revenue (annual)
₹1,260 Cr
Net profit (annual)
₹92.64 Cr
P/E (TTM)
15.2×Sector 19.0×
Promoter holding
70.61%+0.07% QoQ
FII holding
0.84%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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