Engineers India share price today

Engineers India Ltd's share price was ₹292.70 at the close on 6 November 2026. It has been rising for 29 weeks. That is 19.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹167 and ₹316, and at that close it sat 85% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Engineers India Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 11 years the share price moved +296% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: operating margin up 11 points on a year earlier.

1. Operating margin up 11 points on a year earlier

   21% in the September 2026 quarter, from 10%.

   Why: The margin rose because the company did more consultancy work, which earns much more than building plants, and less of the lower-profit building work.

   Next results: check whether the plant-building side earns better profit as work on newer jobs moves ahead.

   From the earnings call on 30 Oct 2026.

Engineers India paid ₹6.50 a share in regular dividends in the 12 months to 7 November 2026 (4 payments), a yield of 2.22% at the ₹292.70 close on 6 November 2026. The last was an interim dividend of ₹1.50 a share, ex-date 5 November 2026.

Engineers India dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Engineers India Ltd paid out 41% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), Engineers India reported revenue of ₹824 crore, down 10.5% from ₹921 crore a year earlier, and a profit of ₹197 crore, up 137.3% from ₹83.0 crore.

Engineers India results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Engineers India's management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Engineers India closed at ₹292.70 on 6 November 2026, up 49.0% from ₹196.44 a year earlier (7 November 2025) and up 303.2% over five years. Its highest weekly close since February 2016 was ₹315.65 on 25 September 2026.

Engineers India share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

566 weekly closes from 26 February 2016 to 6 November 2026.

6 Nov 2026: Engineers India closed at ₹292.70, up 16.2% on the week and down 0.1% on the month. 5 Nov 2026: ex-date for an interim dividend of ₹1.50 a share.

Earlier

• 30 Oct 2026: Engineers India held its results call for July to September 2026. Management guided: FY27 turnover around ₹4,200-4,300 crore maintained on current book.
• Results for July to September 2026: Revenue down 10.5% and profit up 137.3% on a year earlier.
• 24 Sep 2026: ex-date for a dividend of ₹2.50 a share.
• 6 Mar 2026: ex-date for an interim dividend of ₹1.50 a share.
• 4 Dec 2025: ex-date for an interim dividend of ₹1 a share.

On the call for July to September 2026, held on 30 October 2026, Engineers India's management guided: FY27 turnover around ₹4,200-4,300 crore maintained on current book.

“In Saudi, we are still waiting because the situation is not good there. The attacks are still ongoing.”Kishan Gopal, on the call for July to September 2026

What management guided

• Revenue growth around 10% next year on expanded book.
• FY27 order inflow to cross ₹8,000 crore with ₹8,100 crore secured to date.
• FY28 order inflow at least ₹8,100 crore on bidding pipeline.
• Consultancy mix around 60-65% in FY27 with LSTK share rising toward around 40% in second half.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

What is changing at Engineers India, from the latest results and calls: consultancy execution and mix, new turnkey projects enter execution and selective cost-plus contracting.

• Consultancy execution and mix. Growing consultancy turnover offsets part of the profit pressure from tapering turnkey projects. ⚠ estimate
• New turnkey projects enter execution. New awards can replace revenue lost as older major projects finish. ⚠ estimate
• Selective cost-plus contracting. Open-book structures can reduce input-cost exposure on eligible contracts. ⚠ estimate
• Continuity of associate operations. Recovered associate contribution supports consolidated profit if plant operations continue. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Monitoring thresholds are consultancy quarterly turnover ₹500 crore, cumulative order inflow ₹5,000 crore, annual consolidated operating margin 15%, annual combined associate contribution ₹100 crore and operating cash flow/profit 0.5.

⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

If the promised later turnkey ramp fails to restore revenue growth and consultancy execution also stalls while cash conversion remains weak, the backlog would cease to support the earnings thesis.

Each change stops working if

• Consultancy execution and mix: Consultancy turnover stops growing or competitive fees prevent the guided segment economics from being realized.
• Selective cost-plus contracting: Competitive awards require fixed-price exposure or contract terms leave material execution losses with EIL.
• Continuity of associate operations: Technical outages recur and associate contribution returns to losses.

The main risks

• Accounting-assisted earnings and margin normalization: Reported profit includes benefits that cannot establish the recurring operating run rate. ⚠ estimate
• Collections and working-capital absorption: Cash conversion remains weak despite improved latest-year collections. ⚠ estimate
• Client approval and refinery timing: Paradip approvals and BPCL tender timing can delay revenue replacement. ✓ fact
• Non-operating income recurrence is unverified: The composition of income outside operating profit remains unresolved. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Engineers India reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Second-half turnkey share and segment profitability rebound on cost-progress conversion - check next print for flagged recovery.

Engineers India is on 3 of our India lists: Multibagger study list, Dividend stocks and Small & mid cap stocks.

Engineers India Ltd earned ₹197 Cr of net profit in the Sep 2026 quarter, +137.3% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹692 Cr. Over 10 years profit has grown 9.5% a year on average. That is 23.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹83.0 Cr.

For the full year, FY26 profit was ₹692 Cr (+19.3% on the year before).

Why profit moved: revenue changed −10.5% on a year earlier and the margin moved +11.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +117.2% and revenue +8.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹820 Cr and profit ₹158 Cr as reported.

FY27-Q2. revenue ₹824 Cr and profit ₹197 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Engineers India Ltd reported ₹824 Cr of revenue in the Sep 2026 quarter, −10.5% on the same quarter a year earlier. Over 10 years it has grown 9.8% a year on average. The last full year, FY26, came in at ₹3,928 Cr. The last four reported quarters add to ₹3,780 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. This is a timing mechanism: recently awarded turnkey work remains early in execution, while older work is tapering. Management expects the later planned execution phase to lift turnover. Revenue contribution still depends on customer schedules and site progress. Dangote execution and the aggregate turnkey ramp overlap and are treated as one revenue driver rather than separate profit additions.

FY26 revenue was ₹3,928 Cr, +27.2% on the year before.

Recent pace: the last four quarters grew +8.4% on average, against 9.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +6.0%, against +12.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +67.2%, against +55.6% a year (accelerating).

FY27-Q1. revenue ₹820 Cr and profit ₹158 Cr as reported.

FY27-Q2. revenue ₹824 Cr and profit ₹197 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Engineers India Ltd's operating margin was 21.0% in the Sep 2026 quarter, 11.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 9.0% and 27.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management describes a cost-plus approach in which the client bears inflation and EIL retains its management fee. This changes risk allocation rather than creating an additional volume driver. The latest call continues to describe selective bidding. Contract coverage, fee pressure and residual schedule liability are not quantified, so the model does not assume that liquidated-damages risk disappears.

Why the margin moved: operating margin changed +10.7 percentage points on the year while gross margin changed +7.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY27-Q1. revenue ₹820 Cr and profit ₹158 Cr as reported.

FY27-Q2. revenue ₹824 Cr and profit ₹197 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Over the last 3 years, 38% of Engineers India Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹319 Cr of operating cash against ₹692 Cr of profit. After ₹70.0 Cr of spending on assets, ₹249 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 38% of profit came in as cash: the cash cycle got 17 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 1.5× depreciation over three years. The next section checks what that spending is building.

Engineers India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 45 days in FY26, down from 62 days in FY21. It spent ₹181 Cr on assets over the last 3 years. Customers take 45 days to pay, and stock sits for 0 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Recovered associate contribution supports consolidated profit if plant operations continue.

At FY26 sales of ₹3,928 Cr, each day of that cycle ties up about ₹10.8 Cr, so roughly ₹484 Cr is tied up in the business at any time.

FY26: customers took 45 days to pay and stock sat for 0 days, about 0.0 months of sales sitting as stock, for a full cycle of 45 days, shorter than FY21's 62.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 0 days. Customers pay about 45 days after that. Suppliers are paid at 502 days. Together that makes the 45-day cycle.

Spending on assets: ₹181 Cr over the last 3 years, against ₹117 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹31.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Engineers India Ltd's P/E is 18.4×, near the low end of its own history: it has been lower only 30% of the time. Its usual P/E (the middle reading) is 20.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.