Opening Hook
While India debates whether AI will steal jobs, Engineers India (EIL) just announced it is working on small modular nuclear reactors with NPCIL—basically saying, “robots might take jobs, but we’ll power their charging stations.” Q1 FY26 revenue clocked in at ₹857 crore, up 40% YoY (Company transcript, Aug 18, 2025). Not bad for a PSU that investors usually treat like a boring dividend ATM. Why does it matter? Because the company is slowly breaking out of its “only refineries” stereotype into infra, petrochem, data centres, and yes—Ram Janmabhoomi campus modifications.
Stick around—things get spicier two scrolls down.
At a Glance
• Revenue up 40% – PSU growth story without subsidy steroids
• Order book ₹12,145 crore – CFO flexes like an influencer showing gym gains
• Consultancy EBIT margin 17% – still aiming for the mythical 22%
• PAT up 27% – investors whisper “finally”
• Dividend payout 80% – PSU DNA intact
Management’s Key Commentary
“Order book at all-time high ₹12,145 crore.”
– Translation: We hoarded projects like your uncle hoards mithai during Diwali.
“Consultancy margins should be 20–25% going forward.”
– Translation: Quarter-to-quarter, it’ll wobble like Sensex on Budget day, but long term we’ll stay chubby.
“International business already at ₹950 crore inflows, mainly Abu Dhabi and Kuwait.”
– Translation: Middle East loves us almost as much as it loves IPL franchises.
“Ramagundam JV losses only due to 45-day shutdown.”
– Translation: Chill, it wasn’t incompetence, just routine maintenance.
“Non-oil & gas now 35–40% of order book.”
– Translation: From refineries to Ram Mandir walls—we’re truly ‘Make in India’.
“Cash balance of
