M & B Engineering share price today

M & B Engineering Ltd's share price was ₹259.65 at the close on 4 November 2026. It has been falling for 44 weeks. That is 14.2% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running.

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 M & B Engineering Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹226 and ₹514, and at that close it sat 12% of the way up from that low.

Over the last 1 year the share price moved −40% while the NIFTY 500 moved −4%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. 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.

Three changes stood out: foreign funds (FIIs) cut their stake for 4 quarters in a row, indian funds and insurers (DIIs) cut their stake for 4 quarters in a row and revenue up on a year earlier for 5 quarters in a row (every quarter we can compare).

1. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 4.8% to 0.2% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) cut their stake for 4 quarters in a row

   From 13.5% to 8.9% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 5 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹291 crore, +22.3% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), M & B Engineering reported revenue of ₹291 crore, up 22.3% from ₹238 crore a year earlier, and a profit of ₹22.0 crore, up 22.2% from ₹18.0 crore.

M & B Engineering results: April to June 2026 against a year earlier

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

M & B Engineering's management discussed these results on a call held on 29 September 2026; what it said is further down this page.

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

M & B Engineering closed at ₹259.65 on 4 November 2026, down 48.4% from ₹502.75 a year earlier (7 November 2025). Its highest weekly close since August 2025 was ₹502.75 on 7 November 2025.

M & B Engineering share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

69 weekly closes from 8 August 2025 to 4 November 2026.

4 Nov 2026: M & B Engineering closed at ₹259.65, down 0.9% on the week and up 3.1% on the month. 29 Sep 2026: M & B Engineering held its results call for April to June 2026. Management guided: Current-year overall revenue growth approximately 25%.

Earlier

• 10 Sep 2026: ex-date for a dividend of ₹1 a share.
• Results for April to June 2026: Revenue up 22.3% and profit up 22.2% on a year earlier.

M & B Engineering paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.39% at the ₹259.65 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 10 September 2026.

M & B Engineering 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. The record date is the same day as the ex-date for every payment here.

Yes. M & B Engineering Ltd paid out 6% of its profit as dividends in FY26, and it paid a dividend in 1 of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 September 2026, M & B Engineering's management guided: Current-year overall revenue growth approximately 25%.

“Volume will remain, but there will be margin pressure because of the freight and tariff factors affecting the US business.”Sanjay Majumdar, Director, on the call for April to June 2026

What management guided

• Current-year blended operating margin approximately 11-11.5%.
• North American export revenue tracking toward approximately ₹275 crore, with 10-15% year-on-year volume growth.
• Minimum 20% yearly growth over 3-5 years, with the floor applying to both domestic and export growth.
• Sanand expansion fully operational within the next week and accepting new orders thereafter.

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 April to June 2026, 29 September 2026.

When M & B Engineering reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Sanand expansion formal announcement and new-order intake - check whether added capacity converts into incremental PEB bookings.

M & B Engineering is not on any of our India lists this week.

M & B Engineering Ltd earned ₹22.0 Cr of net profit in the Jun 2026 quarter, +22.2% on the same quarter a year earlier. Full-year FY26 profit was ₹93.0 Cr. Over 6 years profit has grown 42.7% a year on average. That is 7.6% of the quarter's revenue. The same quarter a year earlier earned ₹18.0 Cr.

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

For the full year, FY26 profit was ₹93.0 Cr (+20.8% on the year before).

Why profit moved: revenue changed +22.3% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +11.5% and revenue +23.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

M & B Engineering Ltd reported ₹291 Cr of revenue in the Jun 2026 quarter, +22.3% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 6 years it has grown 15.9% a year on average. The last full year, FY26, came in at ₹1,260 Cr.

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

The last four reported quarters add to ₹1,314 Cr.

FY26 revenue was ₹1,260 Cr, +27.4% on the year before.

Recent pace: the last four quarters grew +23.4% on average, against 15.9% a year over the longer run, so this year is growing faster than its own long-run rate.

M & B Engineering Ltd's operating margin was 11.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 6.0% and 13.0%. 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 the margin moved: operating margin changed −1.9 percentage points on the year while gross margin changed +0.5 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 3% of M & B Engineering Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹31.0 Cr of cash, against ₹93.0 Cr of profit. After ₹31.0 Cr of spending on assets, free cash was −₹62.0 Cr: it spent more than its operations brought in.

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 3% of profit came in as cash: the cash cycle got 36 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 36 days longer. The next section looks at where the cash is stuck.

M & B Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 137 days in FY26, up from 101 days in FY21. It spent ₹150 Cr on assets over the last 3 years. Customers take 69 days to pay, and stock sits for 175 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.

At FY26 sales of ₹1,260 Cr, each day of that cycle ties up about ₹3.5 Cr, so roughly ₹473 Cr is tied up in the business at any time.

FY26: customers took 69 days to pay and stock sat for 175 days, about 5.8 months of sales sitting as stock, for a full cycle of 137 days, longer than FY21's 101.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 175 days. Customers pay about 69 days after that. Suppliers are paid at 107 days. Together that makes the 137-day cycle.

Spending on assets: ₹150 Cr over the last 3 years, against ₹37.0 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 ₹14.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

M & B Engineering Ltd's P/E is 15.3×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 19.9×, over 1 year 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.

Why the multiple is where it is: over the past year earnings per share moved +5.2% while the price moved −48.4%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

M & B Engineering Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

M & B Engineering Ltd earned a ROCE of 23% in FY26. That is up from a low of 11% in FY21. Its return on capital used (ROIC) is 2.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.4% net margin and 1.09× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 7.4% net margin × 1.09× asset turnover × 1.77× leverage (assets divided by equity) ≈ 14.3% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 14.9% − 12.0% = +2.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 14.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 18.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

M & B Engineering Ltd has total debt of ₹84.0 Cr against shareholder equity of ₹657 Cr as of Jun 2026, so its debt is 0.13× its equity, which is very little. Year by year, that ratio went from 0.62 in FY25 to 0.13 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions cut their stake in M & B Engineering Ltd by 4.6 percentage points over 4 quarters, the biggest change among its owners. Foreign institutions now own 0.2% of the company. Domestic institutions moved −4.5 points over the same period, to 8.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −4.6 points over 4 quarters, to 0.2%; Domestic institutions: −4.5 points over 4 quarters, to 8.9%; Promoters: +0.1 points over 4 quarters, to 70.6%.

Why the owners changed: foreign institutions drove it (−4.6 points), together with domestic institutions (−4.5 points). They reduced their stake.

For M & B Engineering Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

53.2 out of 100, rank 4 of 5 in Pre-Engineering Buildings, with 74% of the evidence available.

M & B Engineering Ltd scores 53.2 out of 100 against the 5 companies it is compared with in Pre-Engineering Buildings, ranking 4. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 11.3 + 17.9 + 15.7 + 8.3 = 53.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

M & B Engineering ranks 4 of 5 Pre-Engineering Buildings companies on the 4-Factor Sector Score, with 53.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Pre-Engineering Buildings, all 5 compared on one page.

M & B Engineering is the 4th largest of 5 Pre-Engineering Buildings companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Interarch Building Solutions, EPack Prefab Technologies and Pennar Industries. Just below it: Everest Industries.

Pre-Engineering Buildings companies close in size

1. Interarch Building Solutions Ltd ₹2,456 crore
2. EPack Prefab Technologies Ltd ₹2,097 crore
3. Pennar Industries Ltd ₹2,090 crore
4. M & B Engineering Ltd ₹1,498 crore
5. Everest Industries Ltd ₹714 crore

All 5 Pre-Engineering Buildings companies, largest first

Companies close in size in other industries

1381. Som Distilleries & Breweries Ltd ₹1,506 crore · Alcoholic Beverages
1382. Accent Microcell Ltd ₹1,505 crore · Pharma - Formulators
1383. M & B Engineering Ltd ₹1,498 crore
1384. Arman Financial Services Ltd ₹1,495 crore · Finance & Investments - Microfinance
1385. Rajesh Power Services Ltd ₹1,495 crore · Construction - Civil/Turnkey

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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