AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Sep - M&B Engineering to host virtual investor interaction on 29 September 2026 with Arihant Capital.
Source: Bse
M & B Engineering Limited (MBEL)
Small CapIndustrials stocks · Small cap · NSE
M & B Engineering Limited operates in Defence Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:41 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
47NeutralMACD +
Stock trend: 45
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MBELD candles · FIT view-10.2%Latest close ₹284.97 on 2026-10-19
Bar
-1.4%
RSI
60
MACD hist
3.53
52W pos
20%
2026-10-19O ₹288.99H ₹289.00L ₹282.00C ₹284.97Vol 4.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MBELNifty India ManufacturingNifty 500
- MBEL
- -10.2%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -4.6 pp
Chart stats
19 Oct 2026- From 52W high
- -46.8%
- 52W range position
- 20%
- ATR (14)
- 5.6%
- Volume vs 20D
- 0.25x
- Avg traded value
- ₹50.3 Cr
- 20D price channel
- ₹245.8 - ₹307.5
₹535.9
₹223.1 - ₹535.9
₹15.9
Latest completed session
20-session average
65.1% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED69
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average52
Revenue +22.3% · PAT +22.2% YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model+57.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 52/100margin compression · Rev +22% YoY · PAT +22% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹291 Cr | +22.3% | -20.1% |
| EBITDA | ₹31 Cr | +6.9% | -18.4% |
| Operating margin | 11.0% | -100 bps | +100 bps |
| PAT | ₹22 Cr | +22.2% | -18.5% |
| PAT margin | 7.6% | +0 bps | +14 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 14.50
- P/B
- 2.16
- EV/EBITDA
- 9.49
- Market Cap
- 1415.00Cr
Profitability
- ROE
- 19.40%
- ROCE
- 22.90%
- ROA
- 8.35%
- Dividend Y
- 0.40%
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 74.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 42.00%
Balance Sheet
- Debt/Equity
- 0.13
- Interest Coverage
- 9.53×
- Altman Z
- 4.15
- Book Value
- 115.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- -31.00 Cr
- EPS TTM
- 16.89
Shareholding
- Promoter Hold
- 70.61%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 8%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,260+27.4% vs prev
Net Profit
₹ CrLatest: 93.0+20.8% vs prev
Return on Equity
%Latest: 14.2-43.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 60. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 60 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 47% off 52W high · 28% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
21
RS percentile
Stage 4 Downtrend
1M return
+13.0%
3M return
-10.2%
6M return
-15.5%
1Y return
-37.1%
RS 1D
+1
RS 20D
+6
Sector rank
#2
Industry rank
#27
Stage evidence
- Price is 2.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.4%.
- Both 3-month and 6-month returns are negative.
50-DMA
price above
200-DMA
price below
Sector
leading
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 75.42-0.83%
RS vs Nifty 50075
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · UNDERVALUEDValuation16/30
Growth21/25
Quality14/20
Balance Sheet11/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
69
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
69/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 57.1%.
- Growth contributes 21/25 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Valuation is weaker at 16/30; verify the latest quarterly trend.
- Quality is weaker at 14/20; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
14.5
PB
2.2
EV/EBITDA
9.5
ROE
19.4%
ROCE
22.9%
FCF Yield
—
Debt/Equity
0.1
MoS
+57.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
69
Previous: 69
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+57.1%
Previous: +57.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
69
69
69
69
69
69
69
69
69
69
69
69
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹209.05
-36.3% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹663.78
+57.1% MoS
PEG
0.24
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SALZERELEC
Small
Salzer Electronics Limited
Defence Electronics
match 162
39
21.2
9.4%
+50%
WATCHLIST
MICEL
Small
MIC Electronics Limited
Defence Electronics
match 162
27
—
-5.8%
—
OVERVALUED
ONIDA
Small
Onida Electronics Limited
Defence Electronics
match 162
14
—
-26.4%
—
OVERVALUED
DCXINDIA
Small
DCX Systems Limited
Defence Electronics
match 158
25
—
-0.5%
—
OVERVALUED
NELCO
Small
NELCO Limited
Defence Electronics
match 157
16
453.2
0.5%
-48105%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
M & B Engineering Limited operates in Defence Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 79th percentile within Industrials. Main check: cash conversion is weak at 52/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
23 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · Industrials: 79th pctile, median 68 · Small: 83rd pctile, median 66
Evidence depth
Financial-only
23 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
67
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 70.6%.
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸ROCE is 22.9%.
Trust risks
- ▸Operating cash flow is negative at ₹-31 Cr.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching M & B Engineering Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement Under Regulation 30 - Corrigendum To The Outcome Of Board Meeting Relating To Day Of Annual General Meeting 12 Aug - Corrects AGM date description to Thursday, 17 September 2026; all else unchanged.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement Under Regulation 30 - Corrigendum To Fixation Of Date Of Annual General Meeting, E-Voting & Record Date 12 Aug - Corrects 44th AGM date day to Thursday, 17 September 2026.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Aug - M&B Engineering to meet investors at Systematix Group conference on 25 August 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Aug - We are enclosing herewith Clipping of Newspaper advertisement for 44th Annual General Meeting of the Company Published on 26th August, 2026
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - We are enclosing herewith clippings of Newspapers Advertisement published on 13th August, 2026 for your information and records.
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Jun - M & B Engineering Limited has informed about Schedule of meet
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 May - M & B Engineering Limited has informed about Schedule of meet
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.