M&B Engineering Ltd (MAINBOARD)

IPO Details

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Key Performance Indicator

Company Financial In Crore

About Company

Incorporated: 1981
Business Focus: Manufacturing and installation of Pre-Engineered Buildings (PEBs) and Self-Supported Steel Roofing solutions in India.

Core Offerings

• Specializes in design-led manufacturing that includes design, engineering, manufacturing, and testing.
• Delivers high-performance and reliable structural solutions.
• Key product areas:
  • Pre-Engineered Buildings (PEBs)
  • Structural Steel
  • Steel Roofing Systems

Sector Coverage:

Serves a wide range of industries, including:

• General Engineering
• Manufacturing
• Food & Beverages
• Warehousing & Logistics
• Power
• Textiles
• Railways

Manufacturing Capabilities:

• Operates two manufacturing facilities:
  • Sanand, Gujarat (since 2008)
  • Cheyyar, Tamil Nadu (since 2024)
• Combined manufacturing capacity: 103,800 MTPA for PEBs

Exports:

• Exporting since Fiscal 2010
• Delivered PEB and structural steel components to 22 countries, including:
  USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles.

Strength

Market Leadership in Roofing & PEB: India’s leading player in Pre-Engineered Buildings (103,800 MTPA capacity) and the largest revenue generator in self-supported steel roofing with a 75% market share as of FY24.
(Source: CRISIL Report)

Strong Financial Growth :Among peers, the company reported one of the highest CAGR in OPBDIT (38.0%) and PAT (67.3%) between FY22–FY24.(Source: CRISIL Report)

Integrated & Scalable Operations: Operates strategically located PEB facilities with full in-house design and engineering support, plus 14 mobile roofing units, enabling flexible project execution across scale and geographies.

Weakness

Dependency on Manufacturing Facilities: Any slowdown, breakdown, or disruption (e.g., labor issues, equipment failure, power cuts, diseases, political instability) at Sanand or Cheyyar plants could impact operations, cash flows, and financial results.

High Customer Quality Expectations: Failure to meet strict quality or performance standards may lead to order cancellations, penalties, product recalls, or reputation damage, directly affecting business and finances.

Conflict of Interest Risk: Some promoters and directors have interests in similar businesses, and subsidiaries operate in the same field, which may result in potential conflicts of interest, though controls are in place.