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MEP Infrastructure Developers Ltd

MEP Infrast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MEP Infrastructure Developers Ltd

₹ 3.94 4.79%
31 Oct - close price
mepinfra.com BSE: 539126 NSE: MEP
About

Incorporated in 2002, MEP Infra Developers Ltd is in the business of collection of toll and construction of roads along with other ancillary activities viz. road repairs and maintenance of flyovers, roads and allied structures[1]

Key Points

Business Overview:[1][2]
MEPIDL is the flagship entity of the MEP Group. It is an end-to-end road infrastructure company which focuses on serving central and state road authorities, for toll collection, construction, operation and maintenance of road infra in India. Company engages in short and long term contracts ranging from 1 to 16 years

Website BSE NSE - BZ
  • Market Cap ₹ 72.5 Cr.
  • Current Price ₹ 3.94
  • High / Low ₹ 22.2 / 2.94
  • Stock P/E
  • Book Value ₹ 13.1
  • Dividend Yield 0.00 %
  • ROCE -14.4 %
  • ROE -38.8 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.30 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.36%
  • The company has delivered a poor sales growth of -47.4% over past five years.
  • Promoter holding is low: 30.6%
  • Company has a low return on equity of -27.1% over last 3 years.
  • Contingent liabilities of Rs.2,675 Cr.
  • Promoters have pledged 84.4% of their holding.
  • Debtor days have increased from 60.0 to 107 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
108 123 80 35 46 33 16 8 16 20 16 3 11
118 140 66 32 26 62 44 16 13 80 31 30 34
Operating Profit -10 -17 15 2 21 -29 -28 -9 3 -60 -15 -27 -24
OPM % -9% -14% 19% 7% 44% -91% -179% -113% 19% -300% -90% -936% -216%
6 -91 13 8 5 47 1 3 5 4 3 1 -59
Interest 15 14 12 10 8 12 11 9 9 13 9 13 9
Depreciation 8 11 25 20 20 18 3 2 2 1 1 1 1
Profit before tax -28 -132 -9 -20 -2 -13 -42 -17 -3 -70 -22 -39 -92
Tax % -1% -0% 21% -3% 6% 5% 0% 0% 4% -0% -8% 1% 1%
-27 -131 -11 -19 -2 -14 -42 -17 -3 -70 -20 -40 -93
EPS in Rs -1.49 -7.15 -0.58 -1.05 -0.09 -0.75 -2.28 -0.91 -0.17 -3.80 -1.09 -2.15 -5.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
723 912 487 907 695 781 1,477 1,869 1,370 367 194 60 50
690 858 465 866 75 163 1,257 1,649 1,467 414 185 154 176
Operating Profit 33 54 22 41 621 617 220 220 -98 -47 9 -94 -126
OPM % 5% 6% 4% 4% 89% 79% 15% 12% -7% -13% 5% -158% -251%
52 2 12 25 45 29 14 13 34 -71 72 13 -50
Interest 54 28 27 35 56 61 52 64 70 63 43 42 43
Depreciation 1 2 3 6 565 559 118 122 52 43 82 8 4
Profit before tax 30 26 4 25 44 27 64 47 -185 -224 -44 -131 -223
Tax % 39% 35% 42% 36% 31% 34% 37% 36% -24% -1% 5% -0%
18 16 2 16 30 18 40 30 -141 -222 -46 -131 -222
EPS in Rs 1.81 1.65 0.24 1.45 1.86 1.09 2.47 1.64 -7.67 -12.11 -2.48 -7.16 -12.09
Dividend Payout % 0% 0% 0% 0% 11% 23% 12% 18% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -24%
5 Years: -47%
3 Years: -65%
TTM: -30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: -37%
Stock Price CAGR
10 Years: %
5 Years: -34%
3 Years: -44%
1 Year: -69%
Return on Equity
10 Years: -7%
5 Years: -17%
3 Years: -27%
Last Year: -39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 100 100 100 111 163 163 163 183 183 183 183 183 186
Reserves 97 113 118 147 425 438 475 634 487 265 220 90 55
328 182 221 395 443 390 363 399 419 341 288 272 245
402 25 38 207 567 882 1,029 1,327 1,765 1,907 1,074 1,091 1,087
Total Liabilities 927 420 476 861 1,598 1,873 2,030 2,544 2,855 2,696 1,766 1,635 1,573
10 12 15 11 344 157 73 43 93 88 36 18 13
CWIP 0 0 0 0 0 1 0 0 0 0 0 0 0
Investments 29 32 71 210 522 670 779 819 853 853 841 424 410
889 377 391 640 732 1,045 1,178 1,682 1,909 1,755 890 1,194 1,150
Total Assets 927 420 476 861 1,598 1,873 2,030 2,544 2,855 2,696 1,766 1,635 1,573

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-245 241 11 -9 85 84 281 -120 189 103 -152 6
59 -12 -24 -159 -388 39 -205 -16 -107 45 248 12
201 -250 14 157 308 -116 -80 129 -83 -152 -97 -16
Net Cash Flow 15 -21 1 -11 5 7 -4 -6 -1 -5 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 10 17 16 0 17 22 15 14 66 7 107
Inventory Days
Days Payable
Cash Conversion Cycle 2 10 17 16 0 17 22 15 14 66 7 107
Working Capital Days 117 14 55 32 -105 -47 -0 19 -69 -408 -633 -1,920
ROCE % 25% 12% 8% 11% 12% 9% 12% 10% -10% -7% -8% -14%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.25% 58.16% 57.90% 44.00% 43.46% 42.36% 41.27% 39.39% 39.12% 32.41% 30.99% 30.64%
3.89% 4.11% 3.83% 4.33% 4.05% 4.00% 3.95% 3.91% 3.76% 3.59% 3.57% 0.44%
7.81% 5.90% 5.30% 5.25% 5.17% 5.14% 5.60% 5.50% 5.37% 10.01% 6.36% 7.25%
30.05% 31.83% 32.97% 46.41% 47.32% 48.50% 49.17% 51.19% 51.76% 54.00% 59.07% 61.66%
No. of Shareholders 23,59825,61426,08228,39627,80527,81528,08930,72532,34732,93334,84334,330

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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