ICICI Securities downgraded Engineers India to ‘Add’ with a revised target price of Rs 250, citing expensive valuations. The company reported a consolidated total income of Rs 1046.58 crore for the quarter ended March 31, 2025, a 22.22% increase year-over-year. As of March 31, 2025, promoters held 51.32% of the company’s shares, while FIIs and DIIs held 6.75% and 10.