MBEL
M & B Engineering Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
MBEL
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹294 today
BEAR
₹431
+47%
14.4% a year · 23.2x exit
BASE
₹684
+133%
25% a year · 33.8x exit
BULL
₹950
+224%
34% a year · 43.7x exit
Where the market has priced it
16x18x today44x
- this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 9 Building Products peers
- at 18x its FY26 earnings the stock trades below the bottom of its own ten-year range (23x)
- the range is unusually wide — read it as the span of management's own claim, not as a forecast
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹16.21 (screener) |
|---|---|
| Guided growth | 25% a year, said on the call of 13-Feb-2026 · transcript |
| Read across as | operating: revenue growth, margin held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 23.25x / 33.78x / 43.74x, this company’s own p20 / median / p80 across 9 filed years |
| Filed-industry peers | median 33.78x across 9 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from a third-party research digest · not our own extraction
implied earnings growth 25%
Confident of FY27 top-line growth of 25% year-on-year, supported by strong order book and capacity expansions
Call 13-Feb-2026 · bridge confidence medium · transcript PDF