Modern Engineering and Projects Ltd
Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis[1]
- Market Cap ₹ 50.5 Cr.
- Current Price ₹ 32.7
- High / Low ₹ 86.4 / 22.5
- Stock P/E 6.33
- Book Value ₹ 36.3
- Dividend Yield 0.00 %
- ROCE 20.5 %
- ROE 25.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.90 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 118% CAGR over last 5 years
- Company's median sales growth is 33.3% of last 10 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 -15.2 days to 79.0 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 68 | 93 | 96 | 112 | |
0 | 1 | 1 | 0 | 3 | 0 | 0 | 0 | 3 | 71 | 83 | 88 | 102 | |
Operating Profit | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -2 | -3 | 10 | 7 | 10 |
OPM % | -10% | 0% | -79% | -22% | -17% | -1,500% | -250% | -62% | -136% | -4% | 11% | 8% | 9% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 1 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 2 | 2 |
Profit before tax | 0 | 0 | -0 | 0 | -0 | -0 | -0 | -0 | -3 | -3 | 7 | 7 | 8 |
Tax % | 0% | 100% | 0% | 20% | 0% | 0% | 0% | 0% | -3% | -6% | 46% | 0% | |
0 | 0 | -0 | 0 | -0 | -0 | -0 | -0 | -3 | -3 | 4 | 7 | 8 | |
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 | 5.16 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 53% |
5 Years: | 337% |
3 Years: | 315% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 118% |
3 Years: | 64% |
TTM: | 130% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 56% |
3 Years: | 55% |
1 Year: | -53% |
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 15 |
Reserves | 1 | 1 | 0 | 1 | 0 | 0 | 0 | -0 | -3 | -7 | -4 | 41 |
0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 12 | 8 | |
0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 32 | 37 | 64 | |
Total Liabilities | 1 | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 128 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 14 | 18 | 16 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 4 |
0 | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 5 | 23 | 30 | 94 | |
Total Assets | 1 | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 128 |
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 | -3 | -1 | 0 | 3 | -0 | -0 | 0 | -3 | 15 | 5 | -27 | |
-0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -13 | -7 | -17 | |
0 | 3 | 1 | 0 | -3 | 0 | 0 | 0 | 6 | -1 | 2 | 45 | |
Net Cash Flow | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | 2 | 1 | 1 |
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 | 110 | 325 | 4,347 | 13,018 | 2 | 0 | 0 | 0 | 409 | 19 | 88 | 254 |
Inventory Days | 265 | 0 | 61 | 548 | 41 | 531 | 122 | 0 | ||||
Days Payable | 0 | 365 | 0 | 0 | 0 | 0 | ||||||
Cash Conversion Cycle | 375 | 325 | 4,043 | 13,566 | 43 | 531 | 122 | 0 | 409 | 19 | 88 | 254 |
Working Capital Days | 365 | 823 | 3,960 | 13,424 | 569 | 119,720 | 19,223 | 13,277 | 727 | -70 | -55 | 79 |
ROCE % | 1% | 1% | -4% | 2% | -6% | -4% | -5% | -2% | -44% | -37% | 93% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Sep - Copies of English and Marathi Newspapers publication for the Notice of 79th Annual General Meeting of the Company published today i.e. September 06, 2025.
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Reg. 34 (1) Annual Report.
5 Sep - 79th AGM Sep 30, 2025; MD appointed Mar 1, 2025 at Rs.90,00,000 p.a.; chairman commission Rs.9,00,000.
- Notice Of The 79Th Annual General Meeting To Be Held On Tuesday, September 30, 2025 5 Sep
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Sep - Newspaper Publication for the 79th Annual General Meeting of Modern Engineering And Projects Limited through Video-Conferencing/Other Audio-Visual Means (VC/OVAM) Facility.
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Appointment Of M/S. Nidhi Bajaj & Associates, Practising Company Secretaries Firm, As Secretarial Auditors Of The Company For The Term Of 5 (Five) Consecutive Years Commencing From April 01, 2025 To March 31, 2030,
28 Aug - Ajit Sagane appointed independent director Aug 28,2025–Aug 27,2030; Nidhi Bajaj & Associates secretarial auditors Apr 1,2025–Mar 31,2030.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2012
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Business Overview:[1]
MEPL executes contracts of various infrastructure projects including Transportation
Engineering, Civil Construction and other works, etc.