| Market Cap | ₹16,032 CrMid Cap |
|---|---|
| Net Profit TTM | ₹784 CrTrailing 12 Months |
| Day RSI | 67.0Strong Trend |
| Order from | Dangote Group |
| Deal value | ₹4,275 Cr |
| Share of market cap | 26.7% |
| Share of annual revenue | 110.2% |
Key highlights
- Contract value exceeds US$ 450 Million, equivalent to approximately ₹4,275 Crore
- EIL appointed as Project Management Consultant (PMC) and EPCM Consultant
- Project involves a state-of-the-art 700,000 BPD greenfield refinery in Kenya
- Strengthens EIL’s existing partnership with the Dangote Group after the Nigeria project
- Aims to bolster fuel production and regional energy security within East Africa
What Is the Order?
Engineers India Limited has entered into a definitive contract agreement with the Dangote Group to provide Project Management Consultancy (PMC) and Engineering, Procurement, and Construction Management (EPCM) services. The contract, valued at over US$ 450 million, focuses on the development of a 700,000 barrels-per-day (BPD) greenfield refinery and petrochemical complex in Kenya. This facility is designed to process a wide crude basket and address growing regional demand.
The project is expected to be a cornerstone of East Africa’s energy architecture, reducing reliance on petroleum imports and positioning the region as a significant supplier to the global market.
Client Profile
- Dangote Group is a leading multinational conglomerate and a dominant industrial force in West Africa.
- The group maintains diversified interests in upstream oil and gas, mining, petrochemicals, fertilizers, and cement.
- It operates across 17 African countries and is recognized as one of the region’s largest private-sector employers.
- The group previously collaborated with EIL on its flagship 650,000 BPD Integrated Refinery in Nigeria.
- Dangote is currently expanding its continental footprint into East Africa to enhance regional energy security.
Business Overview
Engineers India Limited is a premier engineering consultancy and EPC organization operating under the Ministry of Petroleum & Natural Gas, Government of India. The company offers a comprehensive range of services across the project lifecycle, from concept and design to commissioning. While its core strengths lie in oil and gas, refining, and petrochemicals, EIL has diversified into fertilizers, metallurgy, infrastructure, and renewable energy.
As a Navratna PSU, the company leverages its multidisciplinary strengths and global execution model to deliver complex, large-scale industrial assets for domestic and international clients.
Financial Context
- Engineers India reported a trailing twelve-month (TTM) net profit of ₹784.12 crore on operating revenue of ₹3,877.66 crore.
- The company holds a Durability Score of 80, reflecting a strong financial health profile.
- Current trailing twelve-month P/E stands at 20.45, compared to an industry average of 21.77 and a sector average of 42.14.
- Promoter holding is stable at 51.32%, while Mutual Fund holdings increased by 1.98% in the latest quarter.
- The stock is categorized as a Strong Performer with a 1-year price change of 38.07%.
| Share price | ₹285.25 |
|---|---|
| Market capitalisation | ₹16,032.26 Cr |
| Revenue (annual) | ₹3,928.18 Cr |
| Net profit (annual) | ₹691.59 Cr |
| Revenue (latest quarter) | ₹819.84 Cr-11.49% vs previous quarter |
| Net profit (latest quarter) | ₹157.94 Cr-19.23% vs previous quarter |
| P/E (TTM) | 20.45×Sector 42.14× |
| Promoter holding | 51.32%0.00% QoQ |
| FII holding | 9.17%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Engineers India Limited announcing a new PMC and EPCM contract for a greenfield refinery in Kenya. Market figures from a third-party data provider.
