Modern Engineering and Projects Ltd
Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis[1]
- Market Cap ₹ 54.5 Cr.
- Current Price ₹ 35.3
- High / Low ₹ 87.3 / 22.5
- Stock P/E 7.48
- Book Value ₹ 36.3
- Dividend Yield 0.00 %
- ROCE 21.0 %
- ROE 26.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.97 times its book value
- Company has delivered good profit growth of 119% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 33.3%
- Tax rate seems low
- Company has high debtors of 254 days.
- Promoter holding has decreased over last 3 years: -29.6%
- Working capital days have increased from -9.61 days to 85.2 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.10 | 1.38 | 0.33 | 0.09 | 2.17 | 0.01 | 0.06 | 0.08 | 1.34 | 67.80 | 93.22 | 95.61 | |
0.11 | 1.38 | 0.59 | 0.11 | 2.54 | 0.16 | 0.21 | 0.13 | 3.16 | 70.54 | 83.35 | 88.24 | |
Operating Profit | -0.01 | 0.00 | -0.26 | -0.02 | -0.37 | -0.15 | -0.15 | -0.05 | -1.82 | -2.74 | 9.87 | 7.37 |
OPM % | -10.00% | 0.00% | -78.79% | -22.22% | -17.05% | -1,500.00% | -250.00% | -62.50% | -135.82% | -4.04% | 10.59% | 7.71% |
0.02 | 0.04 | 0.08 | 0.12 | 0.17 | 0.00 | 0.00 | 0.00 | 0.07 | 1.63 | 0.62 | 2.30 | |
Interest | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.32 | 0.96 | 0.59 |
Depreciation | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.97 | 1.38 | 2.84 | 1.79 |
Profit before tax | 0.01 | 0.01 | -0.20 | 0.10 | -0.20 | -0.15 | -0.15 | -0.05 | -3.08 | -2.81 | 6.69 | 7.29 |
Tax % | 0.00% | 100.00% | 0.00% | 20.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2.92% | -5.69% | 45.59% | 0.00% |
0.00 | 0.00 | -0.20 | 0.08 | -0.20 | -0.15 | -0.15 | -0.05 | -2.99 | -2.65 | 3.65 | 7.29 | |
EPS in Rs | 0.00 | 0.00 | -0.13 | 0.05 | -0.13 | -0.10 | -0.10 | -0.03 | -1.93 | -1.71 | 2.35 | 4.72 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 53% |
5 Years: | 337% |
3 Years: | 315% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 119% |
3 Years: | 64% |
TTM: | 100% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 60% |
1 Year: | -56% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | 15.45 |
Reserves | 0.68 | 0.69 | 0.50 | 0.58 | 0.38 | 0.23 | 0.08 | -0.02 | -3.02 | -7.46 | -3.83 | 40.57 |
0.00 | 0.00 | 0.73 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.19 | 8.67 | 11.94 | 7.67 | |
0.04 | 1.12 | 0.24 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.61 | 32.33 | 36.75 | 64.25 | |
Total Liabilities | 0.81 | 4.90 | 4.56 | 3.70 | 3.48 | 3.33 | 3.18 | 3.08 | 9.87 | 36.63 | 47.95 | 127.94 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.05 | 14.05 | 17.88 | 16.44 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.83 |
Investments | 0.59 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.74 | 0.00 | 0.00 | 4.40 |
0.22 | 4.90 | 4.56 | 3.70 | 3.48 | 3.33 | 3.18 | 3.08 | 5.08 | 22.58 | 30.07 | 94.27 | |
Total Assets | 0.81 | 4.90 | 4.56 | 3.70 | 3.48 | 3.33 | 3.18 | 3.08 | 9.87 | 36.63 | 47.95 | 127.94 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.02 | -2.89 | -0.84 | 0.26 | 2.77 | -0.06 | -0.03 | 0.02 | -2.91 | 15.13 | 5.28 | -26.80 | |
-0.01 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.68 | -12.92 | -6.67 | -17.40 | |
0.00 | 2.71 | 0.58 | 0.09 | -3.04 | 0.00 | 0.00 | 0.00 | 5.60 | -0.67 | 2.30 | 44.82 | |
Net Cash Flow | 0.01 | 0.24 | -0.25 | 0.35 | -0.27 | -0.05 | -0.03 | 0.02 | 0.01 | 1.54 | 0.91 | 0.62 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 109.50 | 325.33 | 4,346.82 | 13,018.33 | 1.68 | 0.00 | 0.00 | 0.00 | 408.58 | 19.43 | 87.98 | 254.02 |
Inventory Days | 265.45 | 0.00 | 60.83 | 547.50 | 41.23 | 530.91 | 121.67 | 0.00 | ||||
Days Payable | 0.00 | 365.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Cash Conversion Cycle | 374.95 | 325.33 | 4,042.65 | 13,565.83 | 42.92 | 530.91 | 121.67 | 0.00 | 408.58 | 19.43 | 87.98 | 254.02 |
Working Capital Days | 365.00 | 822.57 | 4,767.12 | 13,423.89 | 568.53 | 119,720.00 | 19,223.33 | 13,276.88 | 896.16 | -66.11 | -47.93 | 85.21 |
ROCE % | 1.30% | 0.88% | -4.44% | 2.50% | -5.60% | -4.42% | -4.62% | -1.60% | -44.12% | -36.73% | 98.71% | 21.04% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Copies of the newspaper publications of the Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2025 Published on …
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Authorization Under Regulation 30(5) The SEBI (LODR) Regulations, 2015
30 May - Authorization of key personnel for material event disclosures effective May 30, 2025.
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Appointment of Company Secretary and Compliance Officer
30 May - Appointed Suraj Sunil Dhumale as Company Secretary & Compliance Officer from May 30, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Appointment of Ms. Francisca Rosario as CFO effective May 30, 2025, with 22 years finance experience.
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Statement Of Deviation Or Variation In Use Of Proceeds Of Rights Issue
30 May - No deviation in use of Rs.49.44 Cr rights issue proceeds as per original objects.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Business Overview:[1]
MEPL executes contracts of various infrastructure projects including Transportation
Engineering, Civil Construction and other works, etc.