Buy Engineers India, target Rs 134: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Engineers India Ltd. with a target price of Rs 134.0 . The current market price of Engineers India Ltd. is Rs 129.45 Time period given by analyst is Intra Day when Engineers India Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 123. Engineers India Ltd., incorporated in 1965, is a midcap company with a market cap of Rs 8180.09 crore.

Engineers India Ltd. key Products/Revenue Segments include Engineering Consultancy which contributed Rs 1150.53 Crore to Sales Value (79.77 % of Total Sales), Turnkey Project which contributed Rs 283.58 Crore to Sales Value (19.66 % of Total Sales) and Other Operating Revenue which contributed Rs 8.16 Crore to Sales Value (0.56 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 509.71 Crore, up 7.67 % from last quarter Sales of Rs 473.42 Crore and up 15.08 % from last year same quarter Sales of Rs 442.93 Crore Company has reported net profit after tax of Rs 68.92 Crore in latest quarter. The company’s top management includes Mr.Chaman Kumar, Mr.Jagdish Chander Nakra, Mr.Lalit Kumar Vijh, Mr.Rajesh Kumar Gogna, Mr.Rakesh Kumar Sabharwal, Mr.Sandeep Poundrik, Mr.Umesh Chandra Pandey, Mr.Vikas Khushalrao Deshpande, Mr.Vipin Chander Bhandari, Mrs.Arusha Vasudev, Ms.Shazia Ilmi Malik, Prof. (Dr)Mukesh Khare. Company has Arun K Agarwal & Associates as its auditoRs As on 31-03-2018, the company has a total of 631,911,420 shares outstanding.