M & B Engineering Starts Production at Sanand; PEB Capacity Hits 1.23 Lakh MTPA

Key numbers

Capacity Addition	20,000 MTPAPEB Expansion
Market Cap	₹1,447.6 CrMetals & Mining
P/E TTM	14.99Sector 16.46
Promoter Holding	70.6%Latest Qtr

Key highlights

• Commenced commercial production at Sanand, Gujarat facility effective October 26, 2026
• Added 20,000 MTPA to the existing Pre-Engineered Building (PEB) manufacturing capacity
• Sanand Plant capacity increased by 27% from 72,000 MTPA to 92,000 MTPA
• Total group PEB capacity reached 123,800 MTPA including the Cheyyar Plant
• Expansion supports the company's target for 25% annual revenue growth in FY27

Details

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Sanand Phase-I Expansion Goes Live

M & B Engineering Limited has successfully operationalized Phase-I of its brownfield expansion at the Sanand manufacturing facility in Gujarat. Effective October 26, 2026, the company added 20,000 Metric Tonnes Per Annum (MTPA) to its Pre-Engineered Building production line. This move elevates the Sanand unit's individual capacity to 92,000 MTPA.

The expansion is a strategic milestone aimed at meeting the rising demand for structural steel solutions. When combined with the Cheyyar plant in Tamil Nadu, the company's consolidated PEB manufacturing capacity now reaches 123,800 MTPA, representing a significant scale-up from the previous 103,800 MTPA baseline.

Strategic Roadmap and Capacity Milestones

• August 2025: Allocated ₹130.58 crore from IPO proceeds for the 20,000 MTPA PEB expansion
• January 2026: Commissioned an imported mobile manufacturing unit in the Proflex division
• August 2026: Board approved another expansion of Heavy Structural Steel capacity by 10,000 MTPA
• October 2026: Successfully commenced Phase-I commercial production at the Sanand PEB facility
• FY27 Target: Reaffirmed revenue growth target of over 25% with EBITDA margins of 11% to 11.5%

Financial Context and Pipeline Demand

The operational update follows a quarter where M & B Engineering reported a total operating revenue of ₹291.1 crore and a net profit of ₹21.9 crore for the period ending June 30, 2026. While quarterly revenue saw a sequential decline, it grew by 22.49% on a year-on-year basis. Management previously reported a robust bidding and inquiry pipeline of approximately ₹4,200 crore for the 2027 fiscal year, with the Phenix division accounting for ₹4,000 crore.

This substantial pipeline, coupled with the newly commissioned capacity, supports the company's trajectory toward its targeted growth objectives in the structural steel and roofing sectors.

What to watch next

• Commissioning of the 10,000 MTPA Heavy Structural Steel expansion at Sanand, approved in August 2026
• Quarterly financial results for the period ending September 30, 2026
• Updates on the execution of the ₹4,200 crore bidding and inquiry pipeline

M & B Engineering · financial snapshot

Share price	₹253.24
Market capitalisation	₹1,447.60 Cr
Revenue (annual)	₹1,259.72 Cr
Net profit (annual)	₹92.64 Cr
Revenue (latest quarter)	₹291.10 Cr-19.96% vs previous quarter
Net profit (latest quarter)	₹21.90 Cr-18.89% vs previous quarter
P/E (TTM)	14.99×Sector 16.46×
Promoter holding	70.6%-0.01% QoQ
FII holding	0.17%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.