Engineers India Shares Jump 7% to 52-Week High of ₹289.65 on Record FY26 Profit and ₹17,000-Crore Order Book

Shares of state-owned engineering consultancy Engineers India Limited (EIL) surged more than 7% in Monday trading, touching a fresh 52-week high of ₹289.65 on the BSE and NSE. The sharp uptick follows the Navratna public sector undertaking's announcement of record financial performance for the financial year ended March 31, 2026 (FY26), alongside an order book expanding toward ₹17,000 crore.

The rally has lifted the stock's gains to over 40% in calendar year 2026, driven by sustained investor appetite for debt-free public sector engineering and infrastructure companies with robust project visibility.

Record Financial Performance in FY26

Addressing shareholders at the company's 61st Annual General Meeting, Chairman and Managing Director Atul Gupta highlighted that FY26 was a landmark year marked by robust project execution and operating efficiencies.

Key FY26 Financial Highlights:

• Revenue from Operations: Standalone revenue climbed 27.1% year-on-year to ₹3,849 crore, compared to the previous fiscal year.
• Net Profit: Standalone profit after tax (PAT) grew 37.3% to an all-time high of ₹638 crore. Consolidated net profit for the year rose 19.3% to ₹691.6 crore.
• Operating Margins: Operating profit margin improved to 16.22% from 14.76% in FY25, while EBITDA margin expanded to 21.61% from 20.60%.
• Dividend Payout: The board recommended a final dividend of ₹2.50 per share, taking total dividends paid for FY26 to ₹5.00 per share.

Order Backlog Scales New Highs

EIL recorded new business inflows of ₹7,978 crore in FY26, bringing its order book at the end of the fiscal year to an all-time high of ₹15,109 crore—an increase of 28.9% year-on-year. The company’s order backlog has since expanded to roughly ₹17,000 crore (₹170 billion).

International expansion served as a major engine of growth during the fiscal year, with overseas order inflows reaching a record ₹4,929 crore. Key global contracts included a $360 million engineering assignment for the Dangote Train-2 refinery expansion in Nigeria, alongside a $70 million project management and engineering consultancy contract for a fertiliser facility in the same region.

Domestically, high-margin consultancy projects form the bulk of the company's backlog, accounting for approximately 73% of the total order book. In addition, the Petroleum Ministry has directed EIL to prepare a detailed feasibility report for a proposed ₹40,000-crore undersea gas pipeline connecting Oman to Gujarat.

Diversification and FY27 Outlook

While historically recognized as India's premier consultant for oil and gas refineries and petrochemical facilities, EIL has aggressively diversified into adjacent and green sectors. The company is actively pursuing contracts in data centres, defence, maritime infrastructure, nuclear power, biofuels, green hydrogen, and critical minerals.

For FY27, management has guided for at least 10% revenue growth while maintaining operating margins in the 14% to 16% corridor. The company is targeting full-year order inflows of ₹8,000 crore, having already secured ₹3,565 crore in new business across domestic and overseas contracts.

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