Navratna Stock in Focus After FII Acquires ₹100 Cr Stake in the Company

Synopsis: Engineers India shares gained 4% after BofA Securities Europe SA acquired a 0.81% stake worth nearly Rs 100 crore, signalling fresh FII interest. Strong Q3 FY26 results, with 58% revenue growth and a sharp profit rise, along with a Rs 12,538 crore order book, supported investor sentiment.

The shares of this company, which provides consultancy and engineering services and undertakes turnkey contracts, which include a complete range of project services right from project conceptualisation, planning, design, engineering, procurement, construction and commissioning as per the client’s requirements and specifications, had its shares in focus after the news of a bulk deal involving the company came into the limelight.

With a market cap of Rs 12,350 crore, the shares of Engineers India Ltd gained 4 per cent in today’s trading session and reached a high of Rs 236. When compared to its previous day’s closing price of Rs 226.75 , the shares are trading at a PE of 16.1 compared to its industry PE of 16.4. 

FII stake acquisition

BofA Securities Europe SA’s acquisition of 45.97 lakh shares (0.81% stake) at a value of Rs 99.8 crore is a clear indication of new foreign institutional investment in the PSU engineering consultancy services provider. The acquisition at Rs 217.06 per share suggests confidence in current valuation levels, especially when Engineers India has a visible order book in the hydrocarbons, petrochemicals, and infrastructure sectors.

From a market point of view, FII investment in a company can be a sign of confidence in the stability of earnings and project pipelines. In the context of Engineers India being associated with government-supported capex and energy transition projects, this investment can be seen as a strategic move before the execution-driven revenue growth.

Financials

The revenue from operations for the company stood at Rs 1,210 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 765 crores, up by about 58 per cent YoY. Similarly, the net profit stood at Rs 347 crore in Q3 FY26, up compared to the Rs 109 crore profit in Q3 FY25.

As of December 2025, the total order book of the company is Rs 12,538 crore, which is a clear indication of the robust revenue visibility. The consultancy business contributes Rs 7,501 crore to the order book, which is 60%, while the turnkey business contributes Rs 5,037 crore, which is 40% of the total order book. The increased contribution from the consultancy business indicates that the company follows an asset-light business model.

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