Expo Engineering and Projects (BSE: EXPOEAPL) had a P/E of 130.8× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 18% below their 52-week high. Its ROCE of 13% is the second-lowest among the 7 largest Engineering & Construction peers, and sales fell 5.3% a year over 3 years. Debt is 0.38× equity. It is a small-cap company with a market cap of ₹221 Cr, ranked 98th of 156 Engineering & Construction companies by market cap; the shares rose 9.9% over the past year.
- ₹84.55
- ₹85.00
- ₹84.55
- ₹86.24
- 677
Health check
- ReturnsIn line
+9.9% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 130.8 vs industry 16.4.
- GrowthShrinking
Sales −5.3% a year over 3 years.
- ProfitabilityWeak
ROCE 13.2% vs peer median 19.9%.
- Balance sheetFair
Debt 0.38× equity, interest covered 1.7×, Piotroski 5 of 9.
- Red flags5 to check
Return on equity is low at 2.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹221 Cr
- Small cap
- P/E
- 130.8
- Industry 16.4
- Price to book
- 3.92
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 2.5%
- Peers 17.9%
- ROCE
- 13.2%
- Peers 19.9%
- Debt to equity
- 0.38
- Debt ₹22 Cr
- EPS (TTM)
- ₹0.65
- OPM (TTM)
- 9.3%
- Net margin 1.9%
- Sales growth
- −22.9%
- Latest quarter vs a year ago
- Profit growth
- −41.8%
- Latest quarter vs a year ago
- Price to sales
- 3.44
- EV/EBITDA 42.6
Strengths and risks
Risks to check
- Return on equity is low at 2.5%.
- Quarterly profit down 41.8% on a year ago.
- Quarterly sales down 22.9% on a year ago.
- P/E of 130.8 against an industry P/E of 16.4.
- Interest coverage of only 1.9×.
About Expo Engineering and Projects
Expo Engineering and Projects Limited, an integrated engineering and construction company, engages in the manufacture and sale of process plant equipment in India. The company offers a range of process plant equipment, such as high-pressure vessels, heat exchangers, reactors, columns, and custom-built fabrications. Its on-site engineering projects include site constructions, floating roof tanks, Horton spheres, column internals and revamp, and…
- Headquarters
- Mumbai
- Employees
- 43
- Sector
- Industrials
- ISIN
- INE561D01025
- Website
- expogas.com
Price range
- Avg volume (3M)
- 24.2K
- 1-year return
- plus 9.9%
- From 52-week high
- minus 18.5%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| EXPOEAPLExpo Engineering and Projects | 85.00 | minus 1.44% | 221 | 130.8 | 39.6 | 13.2% | 9.3% | 0.38 | −5.3% | plus 9.9% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 17.8 | 15 | 18.1 | 17.3 | 13.8 | |
| 15.9 | 13 | 16.6 | 16.5 | 12.1 | |
| 1.9 | 2 | 1.5 | 0.8 | 1.6 | |
| 10.7% | 13.4% | 8.4% | 4.7% | 12.0% | |
| 0 | 0 | 0 | 0.2 | 0 | |
| 0.8 | 1.1 | 0.9 | 1 | 1 | |
| 0.1 | 0.1 | 0.1 | – | 0.1 | |
| 1 | 0.8 | 0.5 | 0 | 0.6 | |
| – | – | – | 15493.0% | – | |
| 1 | 0.8 | 0.5 | −0.7 | 0.6 | |
| 0.46 | 0.37 | 0.22 | -0.21 | 0.27 |
Profit & loss
- Sales CAGR 3Y
- −5.3%
- ROE
- 2.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 80.2 | 75.7 | 115 | 68.2 | |
| – | minus 5.6% | +51.6% | minus 40.5% | |
| 78 | 69.9 | 106 | 61.9 | |
| 2.3 | 5.8 | 8.3 | 6.3 | |
| 2.8% | 7.6% | 7.3% | 9.3% | |
| 3.8 | −0.3 | −0.2 | −0.2 | |
| 4.1 | 4 | 3.6 | 3.3 | |
| 0.5 | 0.4 | 0.5 | 0.4 | |
| −3.8 | −0 | – | – | |
| −2.3 | 1 | 4.1 | 2.4 | |
| 4.7% | 25.7% | 22.7% | 27.7% | |
| −2.2 | 0.8 | 3.2 | 1.7 | |
| – | – | +321.4% | minus 45.3% | |
| -1.05 | 0.44 | 1.37 | 0.85 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.6 | 7.6 | 9.1 | 9.1 | |
| 12.7 | 13.6 | 22.7 | 30.2 | |
| 41.4 | 40.9 | 31.1 | 32.6 | |
| 18.2 | 16.7 | 18.9 | 15.1 | |
| 80 | 78.8 | 81.9 | 87 | |
| 3.5 | 3.1 | 4.9 | 5.2 | |
| 0 | 0 | 0 | 0 | |
| 1.6 | 2.1 | 3 | 3 | |
| 74.9 | 73.6 | 74 | 78.8 | |
| 80 | 78.8 | 81.9 | 87 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | 1.1 | 5.5 | −6.4 | |
| −0 | −0.1 | −2.2 | −0.7 | |
| 0.3 | −0.5 | −2.3 | 7 | |
| 0.5 | 0.5 | 1 | −0.1 | |
| −0 | −0.1 | −2.5 | −0.7 | |
| 0.2 | 1 | 2.9 | −7.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.