Engineers India — The Multi-Year Breakout

EIL is a government-owned engineering consultancy with exposure to refining, petrochemicals, oil & gas and infrastructure, with its Africa footprint expanding. Possible reasons behind the move 1️⃣ ₹4,300 Cr Dangote contract — US$450M+ Kenya refinery & petrochemical project; EIL will act as PMC/EPCM consultant. 2️⃣ Strong FY26 — ₹3,849 Cr standalone revenue and ₹638.74 Cr PAT, with operating margins improving to 16.22%. 3️⃣ ₹8,000 Cr FY27 target — Management has reaffirmed its fresh order-inflow target. 4️⃣ Strong balance sheet — D/E 0.01 and ROE 21.98%. 5️⃣ P/E 21.28x vs reported industry P/E of 24.35x. The interesting part technically? Multi year resistance around ₹240–260 has finally been challenged on monthly chart. A multi-year breakout backed by improving business momentum makes this stock to be kept on radar. ⚠️ Not a buy/sell recommendation. Do your own research.