M & B Engineering Ltd

📈 M&B Engineering Reports Strong FY26 Growth – Order Book Hits INR1,083 Cr, Expands Capacity

- Unexecuted order book at INR1,083 Cr as of March 31, 2026 (35% YoY growth) – Phenix contributes 80%, Proflex 20%.

- Highest-ever order inflow in FY26: INR1,539 Cr (+28% YoY), driven by pre-engineered buildings demand.

- FY26 revenue up 27% to INR1,259.7 Cr; Q4 FY26 revenue at INR363.7 Cr (+16% YoY).

- Phenix division revenue grows 29% (INR985 Cr), exports surge 156% to INR165.6 Cr due to North America expansion.

- Proflex division revenue up 23% (INR275 Cr), maintaining leadership in self-supported roofing in India.

- EBITDA rises 17% to INR157.2 Cr; profit after tax grows 20% to INR92.6 Cr despite macroeconomic challenges.

- Sanand facility expansion adds 20,000 MT capacity by Q2 FY27, taking total capacity to 92,000 MT annually.

- FY26 capex at INR33 Cr; INR100 Cr planned for FY27 (capacity & operational upgrades).

- US import tariffs reduced by 25%, improving market competitiveness.

- Expects softer H1 FY27 due to currency volatility, Iran conflict risks, and macroeconomic pressures.