Expo Engineering and Projects Ltd
Expo Engineering and Projects Ltd designs, engineers, and delivers industrial machinery and equipment, primarily serving the infrastructure and energy sectors.
Business. Expo Engineering and Projects Ltd (EXPO.BO) is an Indian industrial goods company engaged in the design, manufacture, and supply of industrial machinery and equipment. The firm operates within the Industrial Machinery & Equipment industry, focusing on product sales. Headquartered in India, the company is primarily listed on the Bombay Stock Exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Analyst recommendations
4 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressLisa McClain — Exponent, Inc. - Common Stock2025-09-11 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — Exponent, Inc. - Common Stock2025-08-13 · Republican · MI · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Expo Engineering and Projects Ltd (EXPO.BO) is an Indian industrial goods company engaged in the design, manufacture, and supply of industrial machinery and equipment. The firm operates within the Industrial Machinery & Equipment industry, focusing on product sales. Headquartered in India, the company is primarily listed on the Bombay Stock Exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Expo Engineering and Projects Ltd has a liquidity risk profile of medium severity, with a current ratio of 1.37 and negative net cash after subtracting total debt. The company's cash and equivalents amount to INR 343,210, while its long-term debt stands at INR 409,187,360. The debt-to-equity ratio of 1.93 indicates a high reliance on debt financing, which could constrain operational flexibility.
Profitability metrics show a weak performance, with a return on equity of -0.74% and a return on assets of -0.2%. These figures fall significantly below the industry median for industrial machinery firms, which typically report positive ROE and ROA in the 5-10% range. The company's operating income of INR 11,856,000 is a small fraction of its revenue of INR 262,319,420, indicating low operating margins.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or sector-specific headwinds. The absence of segmental or geographic breakdown in the financials suggests a high concentration risk.
Growth trajectory appears muted, with no disclosed revenue growth in the latest period. The company's capital expenditure of INR -772,400 suggests a reduction in investment in new projects or equipment, which could signal a defensive posture or cash conservation strategy. The outlook for the current fiscal year does not indicate a material improvement in revenue or profitability.
Risk factors include a high debt load and negative net income of INR -1,570,570, which could pressure liquidity and increase the risk of dilution. The company has not issued new shares recently, and there is no indication of dilution potential in the near term. However, the high debt-to-equity ratio and negative net income could necessitate future capital raises, which may involve dilution.
Recent events include the filing of the latest financial results, which show a continuation of the company's financial challenges. No significant management changes or strategic announcements were disclosed in the latest filings. The company's operating cash flow of INR 10,590,310 is insufficient to cover its long-term debt obligations, highlighting the need for improved cash generation or debt restructuring.
- Expo Engineering and Projects Ltd is highly leveraged, with a debt-to-equity ratio of 1.93 and negative net cash after debt.
- The company's profitability is weak, with a negative return on equity and return on assets.
- Revenue is concentrated in a single business segment, increasing exposure to sector-specific risks.
- Capital expenditure has declined, suggesting a reduction in investment and potential operational constraints.
- The company's liquidity position is fragile, with a current ratio of 1.37 and insufficient operating cash flow to service long-term debt.
Bull / Bear case
Generated · model-assistedRevenue surged 51.6% year-over-year to INR 1.15 billion, demonstrating strong top-line growth momentum.
Net income expanded 321.4% to INR 31.8 million, indicating significant improvement in bottom-line profitability.
Operating income grew 48.5% to INR 79.0 million, reflecting enhanced operational efficiency and core business strength.
Long-term debt decreased to INR 311.3 million, suggesting a deliberate deleveraging strategy and improved balance sheet health.
The company maintains a healthy current ratio of 2.40, indicating strong short-term liquidity to meet obligations.
Net margin sits at -0.6%, placing the company in the bottom quartile of its industrial machinery cohort.
Return on equity is negative at -0.74%, ranking in the bottom quartile compared to peer median of 3.56%.
The company faces high credit risk, signaling potential difficulties in meeting financial obligations or securing financing.
Debt-to-equity ratio stands at 1.93, significantly higher than the cohort median of 0.20, indicating high leverage.
Cash conversion is -6.74%, falling into the bottom quartile and suggesting poor ability to turn earnings into cash.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
- FY2027 — next full year (forecast) · projected off FY2026 close, as of 2026-01-02 · conf —504,1MFORECAST
- FY2027 — next full year (forecast) · projected off FY2026 close, as of 2026-01-02 · conf —89,9MFORECAST
- FY2026 — reported · conf —479,2MREPORTED
- FY2025 — reported · conf —456,1MREPORTED
- FY2025 — reported · conf —91,7MREPORTED
- FY2026 — reported · conf —90,8MREPORTED
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, Chief Executive Officer · Non-Qualified Stock Option (right to buy) → Common StockDisposed 12 665 @ $37,45exercise · 2026-07-28
- Director, Chief Executive Officer · Non-Qualified Stock Option (right to buy) → Common StockDisposed 2 379 @ $29,05exercise · 2026-07-15
- Director, Chief Executive Officer · Incentive Stock Option (right to buy) → Common StockDisposed 7 872 @ $25,41exercise · 2026-06-25
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 3 225 @ $25,41exercise · 2026-06-15
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 2 380 @ $29,05exercise · 2026-06-15
- Director · Restricted Stock Units → Common StockAcquired 2 859grant · 2026-06-04
- Director · Restricted Stock Units → Common StockAcquired 2 859grant · 2026-06-04
- Director · Restricted Stock Units → Common StockAcquired 2 859grant · 2026-06-04
- Director · Restricted Stock Units → Common StockAcquired 2 859grant · 2026-06-04
- Director · Restricted Stock Units → Common StockDisposed 2 009exercise · 2026-06-03
- Director · Restricted Stock Units → Common StockDisposed 2 009exercise · 2026-06-03
- Director · Restricted Stock Units → Common StockDisposed 2 009exercise · 2026-06-03
- Director · Restricted Stock Units → Common StockDisposed 2 009exercise · 2026-06-03
- Director · Restricted Stock Units → Common StockDisposed 2 009exercise · 2026-06-03
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 3 226 @ $25,41exercise · 2026-05-15
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 2 380 @ $29,05exercise · 2026-05-15
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 2 380 @ $29,05exercise · 2026-04-15
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 3 225 @ $25,41exercise · 2026-04-15
- VP Global Offices & Innovation · Non-Qualified Stock Option (right to buy) → Common StockAcquired 14 992 @ $66,56grant · 2026-04-06
- VP Global Offices & Innovation · Incentive Stock Option (right to buy) → Common StockAcquired 6 008 @ $66,56grant · 2026-04-06
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 3 226 @ $25,41exercise · 2026-03-16
- Director, President & CEO · Non-Qualified Stock Option (right to buy) → Common StockDisposed 2 380 @ $29,05exercise · 2026-03-16
- Chief Human Resources Officer · Restricted Stock Units → Common StockAcquired 3 564grant · 2026-03-13
- VP Global Offices & Innovation · Restricted Stock Units → Common StockAcquired 5 938grant · 2026-03-13
- Group Vice President · Restricted Stock Units → Common StockAcquired 10 688grant · 2026-03-13
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Expo Engineering and Projects Ltd Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,04 %$63M
- Investment Managers · as of 2026-03-310,03 %$64M
- Investment Managers · as of 2024-06-300,01 %$569M
- Investment Managers · as of 2026-03-310,01 %$60M
- Institutional Investor · as of 2022-09-300,01 %$0M
- Brokerage Firms · as of 2026-03-310,01 %$26M
- Brokerage Firms · as of 2026-03-310,01 %$40M
- Investment Managers · as of 2026-03-310,01 %$108M
- Investment Managers · as of 2026-03-310,01 %$51M
- Investment Managers · as of 2026-03-310,01 %$12M
- Investment Managers · as of 2026-03-310,01 %$43M
- Funds · as of 2026-03-310,01 %$37M
- Institutional Investor · as of 2026-03-310,01 %$30M
- Investment Managers · as of 2026-03-310,01 %$34M
- Investment Managers · as of 2025-12-310,01 %$357M
- Investment Managers · as of 2026-03-310,00 %$123M
- Investment Managers · as of 2026-03-310,00 %$70M
- Investment Managers · as of 2026-03-310,00 %$23M
- Investment Managers · as of 2024-12-310,00 %$13M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$4M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director, Chief Executive Officer · Common StockOther 12 665 @ $37,45$474K · 2026-07-28
- Director, Chief Executive Officer · Common StockOther 2 379 @ $29,05$69K · 2026-07-15
- Director, Chief Executive Officer · Common StockSold 1 737 @ $62,78$109K · 2026-07-15
- Director, Chief Executive Officer · Common StockOther 7 872 @ $25,41$200K · 2026-06-25
- Director, President & CEO · Common StockOther 2 380 @ $29,05$69K · 2026-06-15
- Director, President & CEO · Common StockSold 1 793 @ $57,13$102K · 2026-06-15
- Director, President & CEO · Common StockOther 3 225 @ $25,41$82K · 2026-06-15
- Director, President & CEO · Common StockSold 2 326 @ $57,13$133K · 2026-06-15
- Director · Common StockOther 2 009 · 2026-06-03
- Director · Common StockOther 2 009 · 2026-06-03
- Director · Common StockOther 2 009 · 2026-06-03
- Director · Common StockOther 2 009 · 2026-06-03
- Director · Common StockOther 2 009 · 2026-06-03
- Group Vice President · Common StockSold 2 000 @ $57,47$115K · 2026-05-26
- Group Vice President · Common StockSold 1 672 @ $58,65$98K · 2026-05-19
- Director, President & CEO · Common StockSold 1 827 @ $54,06$99K · 2026-05-15
- Director, President & CEO · Common StockSold 2 367 @ $54,06$128K · 2026-05-15
- Director, President & CEO · Common StockOther 2 380 @ $29,05$69K · 2026-05-15
- Director, President & CEO · Common StockOther 3 226 @ $25,41$82K · 2026-05-15
- Group Vice President · Common StockSold 2 066 @ $56,66$117K · 2026-05-13
- Group Vice President · Common StockSold 2 945 @ $54,66$161K · 2026-05-13
- Director, President & CEO · Common StockSold 2 212 @ $67,70$150K · 2026-04-15
- Director, President & CEO · Common StockSold 1 697 @ $67,70$115K · 2026-04-15
- Director, President & CEO · Common StockOther 3 225 @ $25,41$82K · 2026-04-15
- Director, President & CEO · Common StockOther 2 380 @ $29,05$69K · 2026-04-15
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- EPS (basic) (YoY) (2026-01-02 vs 2025-01-03): -2.3%Derived (calculated)
- Current ratio (FY 2026-01-02): 2.40xDerived (calculated)
- Debt-to-equity (FY 2026-01-02): 0.99xDerived (calculated)
- Cash & equivalents (YoY) (2026-01-02 vs 2025-01-03): -14.3%Derived (calculated)
- Capex (YoY) (2026-01-02 vs 2025-01-03): 35.3%Derived (calculated)
- Total liabilities (YoY) (2026-01-02 vs 2025-01-03): 8.7%Derived (calculated)
- Shareholders' equity (YoY) (2026-01-02 vs 2025-01-03): -7.3%Derived (calculated)
- Revenue (YoY) (2026-01-02 vs 2025-01-03): 4.2%Derived (calculated)
- Operating income (YoY) (2026-01-02 vs 2025-01-03): 0.2%Derived (calculated)
- Operating cash flow (YoY) (2026-01-02 vs 2025-01-03): -8.9%Derived (calculated)
- Net income (YoY) (2026-01-02 vs 2025-01-03): -2.7%Derived (calculated)
- EPS (diluted) (YoY) (2026-01-02 vs 2025-01-03): -1.9%Derived (calculated)
- Return on assets (FY 2026-01-02): 13.6%Derived (calculated)
- Total assets (YoY) (2026-01-02 vs 2025-01-03): 0.0%Derived (calculated)
- Net margin (FY 2026-01-02): 18.2%Derived (calculated)
- Return on equity (FY 2026-01-02): 27.2%Derived (calculated)
- Shareholders' equity (annual): USD 390.34MSEC XBRL filing
- Capex (annual): USD 9.39MSEC XBRL filing
- Pre-tax income (annual): USD 147.3MSEC XBRL filing
- Operating cash flow (annual): USD 131.73MSEC XBRL filing
- Revenue (annual): USD 582.01MSEC XBRL filing
- Cash & equivalents (annual): USD 221.93MSEC XBRL filing
- Total operating expenses (annual): USD 462.23MSEC XBRL filing
- Net income (annual): USD 106.01MSEC XBRL filing