Improving business with higher execution and strong order book could lead to re-rating of the stock

Engineers India is getting back on the growth path

Eighteen months after becoming head of Engineers India Ltd., the state-owned firm that built most of the country’s oil refineries, Vartika Shukla says its transformation is gathering pace.

First Female Leader at India’s Refinery Builder Plots Big Change

EIL is working with GAIL and BPCL on blending green hydrogen with natural gas, she said. It’s also working on identifying the electrolyzer technology suited to produce green hydrogen in India and on integrating the electrolyzer with the refinery.

Engineers India looks at new sectors, overseas for new phase of growth

Oil India signs MoA with Engineers India

EIL’s order book as of December 2022 stood at Rs 78,656 crore, 57 percent of the company’s order book was made up of consultancy projects while the remaining were turnkey projects, according to an investor presentation made by the company on February 4.

Engineers India not scared of recession in West, sees good growth this fiscal: CMD Vartika Shukla

ReNew Energy Global Plc and Engineers India Ltd. are among India companies advancing energy projects in Africa and the Middle East amid rising demand in those regions.

India Energy Firms See Growth Prospect In Africa And Middle East

Privi Speciality Chemicals Ltd, Multi Commodity Exchange of India Ltd, Go Fashion (India) Ltd and Engineers India Ltd are among the other losers in the BSE’s ‘A’ group today, 06 February 2023.

Adani Transmission Ltd leads losers in ‘A’ group

Engineers India Consolidated December 2022 Net Sales at Rs 842.18 crore, up 21.68% Y-o-Y

Engineers India consolidated net profit declines 60.36% in the December 2022 quarter

Buzzing stocks: SBI, Paytm, Bank of Baroda, IndusInd Bank, HDFC AMC, Tata Power, Divis Labs, Engineers India, India Cements, Intellect Design Arena, InterGlobe Aviation, JK Tyre & Industries, Kansai Nerolac Paints, MaricoManappuram Finance, Shipping Corporation Sun TV, Tube Investments of India, Zyd…

Stocks that will see action on February 2, 2023

Engineers India on Friday announced that it has signed a Memorandum of Agreement (MoA) with Numaligarh Refinery (NRL) to jointly develop technology for production of aqueous ammonia from Ammonia rich sour gases and demonstrate at NRL site.

Engineers India inks MoA with NRL for collaborative technology development

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Engineers India Limited (EIL) is an engineering consultancy, and engineering, procurement and construction company in the hydrocarbons and petrochemicals industry. It offers various technologies for petroleum refining and oil & gas processing.