Ticker: 532178/ ENGINERSIN

ISIN: INE510A01028

Oil and Gas is a Core industry for any growing Economy. The oil and gas consumption per head also gives essential information about the development of the economy. To Fulfill the Increasing Demand Of Oil and Gas, It is necessary to Search and drilling of Oil Reserves. Here Upstream Oil companies need the Collaboration of Engineering companies with specialization. Engineers India Limited is one of the companies operating mainly in the Oil & Gas Sector but also has the project in Alumina And aluminum smelting and Purification, Energy, and others in 22 Counties.

SECTOR Overview :

Picture credit IBEF.org

India is the fourth largest consumer of oil and Gas. But As the onshore Production of Oil and Gas is not sufficient. Indian companies are finding new ways to fulfill the demand. Due to Govt support, Indian companies make India a leader in the Oil refining Business.

India’s Economic Growth is closely related to energy demand. So it is anticipated that demand for Oil and Gas is expected to grow more with development and increase in Expenditure capacity. A big part of India is living in rural areas, and giving them a better life is one of the essential objectives of Central and StateGovernmentst. Replacement of old cooking methods: Cow-dung to Wood with LPG is part of it. All because of it, it is expected that the consumption of LPG and Crude Oil will increase. Extra Supply and demand need engineering support to counter the set-up.

Company Overview: Engineers India limited, Navratna Company, operates in Engineering and Construction related to Hydrocarbons like Oil and Gas. The Company is Public Sector Undertaking and comes under the Ministry of Petroleum and Natural Gas. The Company is diversified. The sector of the Company is as below.

  • Petroleum Refining, Petrochemicals, and Fertiliser
  • On and offshore, Oil and Gas
  • Mining, Infrastructure
  • Thermal Power, Nuclear Power
  • City Gas distribution
  • Water and Waste Management

The Company offers various services, mainly Project management, Engineering, Designing of the Project, Environmental Engineering, Information Technology, Refinery Optimisation, etc.

SHAREHOLDING PATTERN BSE Data

Financial performance & Ratios : 

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Corporate Governance: Corporate Governance is not a Big Issue when there is a CAG (Comptroller Auditor General Of India) Keeping watch. Generally, Corporate Governance is an issue when one significant entity is holding a big chunk. Here it is Government, and there are many Mutual Funds and other entities.
Future Prospects: As the Company is well known and operates worldwide, the future is bright. Foreign Investors and Insurance Companies are generally known as long-term investors. The sector, Oil, and Gas, in which it works is essential for any economy’s growth and development. Engineers India will prove a big beneficiary as the OMCs are preparing for Big Capital Expenditure.