Expo Engineering And Projects Ltd (EXPOEAPL)

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Expo Engineering And Projects Ltd (EXPOEAPL) · mywealthgrid

About

Expo Engineering And Projects Ltd operates in Other Industrial Products within the Industrials sector. With a ₹193.75 Cr market cap and quarterly revenues of ₹10–15 Cr, it is a small-cap player. Revenue has stabilized post-COVID, though profitability and operating margins remain highly volatile, ranging from -34.96% to 22.88% in recent quarters.

Face value: ₹4

Market cap

₹208 Cr

P/E

—

P/B

5.3×

Dividend yield

ROE

4.9%

ROCE

15.2%

Debt / equity

0.83

OPM

9.3%

EPS (TTM)

₹-1.1

Book value

₹17.2

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility: net profit swung -3.21 Cr (Mar 2021) to +2.46 Cr (Sep 2020); PE unavailable signals loss-making periods.
Margin compression: OPM at 7.26% versus historical peak of 22.88% (Sep 2020); verify what changed operationally and if current thin margins persist.
Scale constraints: ₹193.75 Cr market cap with 7.26% OPM limits financial cushion; D/E 0.98 is moderate but leverage capacity is constrained by thin margins.
Verify project pipeline visibility, client concentration, and working-capital intensity in project-based business model.

Generated analysis · source review pending

Growth drivers

Quarterly revenue stabilized to ₹12–15 Cr (recent) from COVID trough of ₹3.09 Cr (Jun 2020); verify if sustainable and if addressable market or backlog supports acceleration.
Operating margin peaked at 22.88% (Sep 2020) versus current 7.26%; verify if compression reflects temporary execution issues or structural challenges, and path to recovery.
ROE 11.99% with D/E 0.98 shows capital deployment with leverage capacity available; verify capex or growth plans that could scale revenue.
52-week price rally from ₹47.76 to ₹106.79 and 1y return 15.29%; verify if investor recovery reflects improving fundamentals or market sentiment.

Generated analysis · source review pending

2,299 historical price candles were omitted because the exchange source has not been verified.

₹91.4+1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 6.8% (3-yr avg)
−Modest revenue growth of 7.2% a year over the last 5 years
−Weak interest coverage of 1.6×

Research score

Structured signal from quality, growth, valuation and momentum.

20/100

Business quality: 22
Growth: 7
Valuation: 30

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hbl Engineering LimitedHBLENGINEHBLENGINE	₹21,604 Cr	₹21,648 Cr	₹2,718 Cr	₹716 Cr	33.7%	₹537 Cr	24.7%	57.1%	44.1%	171
Inox India LimitedINOXINDIAINOXINDIA	₹19,688 Cr	₹19,758 Cr	₹1,618 Cr	₹343 Cr	21.6%	₹255 Cr	16.3%	34.7%	25.9%	241
Krn Heat Exchanger And Refrigeration LimitedKRNKRN	₹9,266 Cr	₹9,454 Cr	₹737 Cr	₹144 Cr	18.7%	₹97 Cr	12.7%	19.2%	14.3%	208
Esab India LimitedESABINDIAESABINDIA	₹8,471 Cr	₹8,471 Cr	₹1,577 Cr	₹290 Cr	17.9%	₹222 Cr	13.7%	62.6%	52.3%	34
Subros LimitedSUBROSSUBROS	₹4,466 Cr	₹4,495 Cr	₹3,909 Cr	₹323 Cr	8.6%	₹166 Cr	4.4%	18.8%	14.2%	34
Harsha Engineers International LimitedHARSHAHARSHA	₹4,318 Cr	₹4,689 Cr	₹1,719 Cr	₹252 Cr	14.7%	₹155 Cr	9.5%	15.4%	11.7%	171
Ador Welding LimitedADORADOR	₹2,732 Cr	₹2,733 Cr	₹1,198 Cr	₹153 Cr	10.6%	₹114 Cr	7.2%	21.8%	15.4%	53
Diffusion Engineers LimitedDIFFNKGDIFFNKG	₹1,737 Cr	₹1,765 Cr	₹436 Cr	₹61 Cr	14.1%	₹55 Cr	12.4%	16.6%	13%	159
Mic Electronics LimitedMICELMICEL	₹868 Cr	₹912 Cr	₹223 Cr	₹25 Cr	13.3%	₹-12 Cr	-6.6%	9.8%	-5.8%	278
Technocrats Plasma Systems LtdTECHNOCRATTECHNOCRAT	₹716 Cr	—	—	—	—	—	—	—	—	—
Hy-Tech Engineers LimitedHTELHTEL	₹692 Cr	₹721 Cr	₹189 Cr	₹42 Cr	22%	₹23 Cr	11.9%	23.1%	20.2%	—
Mallcom (India) LimitedMALLCOMMALLCOM	₹580 Cr	₹700 Cr	₹527 Cr	₹56 Cr	11.2%	₹27 Cr	5.6%	15.4%	9.7%	159

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	45	36	50	60	49	48	73	80	76	115	68
COGS	—	—	—	-27	-23	26	24	26	22	41	17
Gross profit	—	—	—	—	—	22	49	55	53	74	52
	41	32	44	81	68	17	44	48	48	66	45
	3	4	6	6	4	5	5	6	6	8	6
OPM %	6.9%	11.1%	11.2%	9.8%	8.7%	10.5%	7.2%	8%	7.6%	7.3%	9.3%
Depreciation	—	—	—	1	1	1	1	0	0	0	0
Interest	5	4	4	4	4	4	4	5	4	4	4
	3	1	0	0	1	0	0	-4	0	0	0
Profit before tax	1	1	1	1	1	1	1	-2	1	4	2
Tax	—	—	—	—	—	3	1	-0	0	1	1
Tax %	—	—	—	—	—	503.3%	47.8%	-4.7%	25.5%	22.6%	27.8%
	1	0	0	1	0	-2	1	-2	1	3	2
PAT margin %	1.3%	0.3%	0.2%	1.7%	0.7%	-5%	0.8%	-2.8%	1%	2.8%	2.6%
EPS (₹)	0.3	0.1	0.1	0.5	0.2	-1.3	—	—	—	—	0.9
EPS adjusted (₹)	—	—	—	—	—	-1.3	0.3	-1.2	0.4	1.4	0.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	8	8	8	8	9	9
Reserves	14	15	13	14	23	30
Minority interest	—	0	—	—	—	—
	40	41	41	41	31	33
	13	17	18	17	19	15
Total equity & liabilities	75	80	80	79	82	87
	4	4	4	3	5	5
CWIP	—	—	—	—	—	0
Investments	0	0	0	0	0	0
	71	77	77	76	77	82
Total assets	75	80	80	79	82	87

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	-1	0	1	5	-6
	-0	-0	-0	-0	-2	-0
	2	1	0	-1	-2	6
Net cash flow	0	0	1	0	1	-0
Free cash flow	-2	-1	0	1	3	-6
CFO / Operating profit %	-47.6%	-11.2%	3.1%	18.4%	65.6%	-94%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	46%	67.1%	68%	70.4%	64.6%	75.8%
EBITDA margin %	9.8%	8.7%	10.5%	7.2%	8%	7.6%	7.3%	9.3%
EBIT margin %	8.7%	7.4%	9.3%	6.4%	7.4%	7%	6.9%	8.7%
PAT margin %	1.7%	0.7%	-5%	0.8%	-2.8%	1%	2.8%	2.6%
Working capital
Receivable days	—	—	109	69	29	23	65	73
Inventory days	—	—	488	628	681	788	367	1,106
Payable days	—	—	80	166	132	85	100	160
NWC days	—	—	517	531	578	727	332	1,019
Leverage
Current ratio	—	—	1.26	1.22	1.32	1.37	1.62	1.67
Debt to EBITDA	—	—	7.99	7.9	6.47	7.09	3.74	5.16
Debt to equity	—	—	1.86	1.84	2.04	1.93	0.98	0.83
Interest coverage	1.3	1.2	1.1	1.3	1.3	1.2	2.1	1.6
Asset turnover	—	—	0.64	0.9	1	0.96	1.4	0.78
Return ratios
Return on assets %	—	—	-3.2%	0.7%	-2.8%	1%	3.9%	2%
Return on capital employed %	—	—	15.9%	18.5%	23.1%	19.9%	24.5%	15.2%
Return on equity %	—	—	-11.1%	2.7%	-10.9%	3.6%	10%	4.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.41%	67.41%	67.41%	56.95%	56.95%	56.95%	56.95%	56.95%	56.95%	56.95%	56.95%	56.95%
	0%	0%	0%	0%	0%	0%	0%	3.41%	3.41%	3.41%	3.7%	4.83%
	0%	0%	0.16%	0%	0%	0%	0%	2.2%	2.98%	3.15%	3.28%	5.47%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.59%	32.59%	32.43%	43.05%	43.05%	43.05%	43.05%	37.44%	36.66%	36.49%	36.07%	32.75%
No. of shareholders	—	—	—	—	—	—	—	—	9,629	9,499	9,300	9,167

Promoter holding down 10.46 percentage points since Sep 2023.

19 deals · 8 Sept 2021 – 7 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
7 Sept 2026	MINERVA VENTURES FUND	Bulk	BSE	Buy	1,85,000	₹89.99	₹1.66 Cr
7 Sept 2026	NIRAALIE MEYNON	Bulk	BSE	Sell	1,83,287	₹90.00	₹1.65 Cr
28 Aug 2026	NIRAALIE MEYNON	Bulk	BSE	Sell	2,00,000	₹98.00	₹1.96 Cr
28 Aug 2026	AL MAHA INVESTMENT FUND PCC - ONYX STRATEGY	Bulk	BSE	Buy	2,00,000	₹98.00	₹1.96 Cr
27 Aug 2026	NIRAALIE MEYNON	Bulk	BSE	Sell	3,54,710	₹95.00	₹3.37 Cr
27 Aug 2026	MINERVA VENTURES FUND	Bulk	BSE	Buy	3,50,000	₹95.00	₹3.33 Cr
9 Jun 2026	MINERVA VENTURES FUND	Bulk	BSE	Sell	6,00,000	₹70.00	₹4.20 Cr
9 Jun 2026	NIVEZA SMALL CAP FUND	Bulk	BSE	Buy	5,00,000	₹70.00	₹3.50 Cr
9 Apr 2026	MINERVA VENTURES FUND	Bulk	BSE	Buy	6,00,000	₹69.88	₹4.19 Cr
9 Apr 2026	NIRAALIE MEYNON	Bulk	BSE	Sell	5,75,000	₹69.90	₹4.02 Cr

1–10 of 19

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Mr. MURTUZA SHAUKATALI MEWAWALAExecutive Director-Chairperson
Mr. HASANAIN SHAUKATALI MEWAWALAExecutive Director-MD
Mr. SAJJADHUSSEIN MOHAMMEDHUSSEIN NATHANIExecutive Director
Mr. VENKATESWARAN MANICKAM CHITTOORNon-Executive - Independent Director
Mrs. SAYADA MUKADAMNon-Executive - Independent Director
Mrs. FATEMA SOHEL NAYANINon-Executive - Independent Director
Preeti SharmaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Expo Engineering And Projects Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

28 announcementsExport CSV

24 Aug 2026, 5:08 pmCompany Update

Company Has Received A Work Order From M/S Bharat Petroleum Corporation Limited Amounting To Rs. 3.62 Crore (Inclusive Of Taxes)

General PDF

24 Aug 2026, 4:58 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

20 Aug 2026, 1:05 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Scheduled Today I.E 20.08.2026

Outcome of Board Meeting PDF

19 Aug 2026, 4:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

17 Aug 2026, 4:29 pmAGM/EGM

Pursuant To Reg. 36(1)(B) Of SEBI (LODR) Regulations, 2015 Dispatch Of Letters To The Shareholders Who Have Not Registered Their Email Address.

AGM PDF

17 Aug 2026, 3:50 pmBoard Meeting

Board Meeting Intimation for To Consider And Approve Conversion Of Warrants Into The Equity Shares Of The Company, Subject To Depositing The Balance Outstanding Amount For Conversion Of Warrants Into The Equity Shares Of The Company

Exchange filing PDF

17 Aug 2026, 3:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

17 Aug 2026, 2:34 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
24 Aug 2026, 5:08 pm	Company Update General	Company Has Received A Work Order From M/S Bharat Petroleum Corporation Limited Amounting To Rs. 3.62 Crore (Inclusive Of Taxes)	PDF
24 Aug 2026, 4:58 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

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Expo Engineering And Projects Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Expo Engineering And Projects Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1