Modern Engineering and Projects Ltd

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Modern Engineering and Projects Ltd

₹ 26.8 1.17%
24 Sep - close price
mep.ltd BSE: 539762
About

Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis[1]

Key Points

Business Overview:[1]
MEPL executes contracts of various infrastructure projects including Transportation
Engineering, Civil Construction and other works, etc.

Website BSE
  • Market Cap ₹ 41.5 Cr.
  • Current Price ₹ 26.8
  • High / Low ₹ 49.9 / 22.5
  • Stock P/E 5.63
  • Book Value ₹ 41.7
  • Dividend Yield 0.00 %
  • ROCE 15.1 %
  • ROE 14.1 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.64 times its book value
  • Company has delivered good profit growth of 180% CAGR over last 5 years
  • Company's median sales growth is 35.4% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 33.3%
  • Company has high debtors of 285 days.
  • Promoter holding has decreased over last 3 years: -29.6%
  • Working capital days have increased from 43.4 days to 106 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

Industrials Construction Construction Civil Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
14.29 16.61 19.86 40.74 14.49 16.25 22.68 42.20 30.94 16.42 24.80 47.62 12.82
14.23 14.09 19.00 36.06 13.99 17.70 26.05 30.51 28.18 13.05 20.28 46.85 10.69
Operating Profit 0.06 2.52 0.86 4.68 0.50 -1.45 -3.37 11.69 2.76 3.37 4.52 0.77 2.13
OPM % 0.42% 15.17% 4.33% 11.49% 3.45% -8.92% -14.86% 27.70% 8.92% 20.52% 18.23% 1.62% 16.61%
2.34 0.04 0.00 0.00 1.36 0.64 0.06 0.24 0.52 1.49 0.52 0.54 0.02
Interest 0.15 0.37 0.10 0.35 0.10 0.11 0.10 0.28 0.48 -0.08 0.19 0.35 0.79
Depreciation 0.53 0.92 0.65 0.73 0.41 0.41 0.44 0.54 0.55 0.57 0.52 0.47 0.34
Profit before tax 1.72 1.27 0.11 3.60 1.35 -1.33 -3.85 11.11 2.25 4.37 4.33 0.49 1.02
Tax % 25.00% 43.31% 90.91% 54.72% 17.78% -131.58% -5.97% 15.66% 19.11% 32.49% 21.94% 24.49% 33.33%
1.28 0.72 0.01 1.63 1.11 0.42 -3.61 9.36 1.81 2.94 3.37 0.37 0.68
EPS in Rs 0.83 0.46 0.01 1.05 0.72 0.27 -2.34 6.06 1.17 1.90 2.18 0.24 0.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1 0 0 2 0 0 0 1 68 93 96 120 102
1 1 0 3 0 0 0 3 71 83 88 108 91
Operating Profit 0 -0 -0 -0 -0 -0 -0 -2 -3 10 7 11 11
OPM % 0.0% -79% -22% -17% -1,500% -250% -62% -136% -4.0% 11% 8% 10% 11%
0 0 0 0 0 0 0 0 2 1 2 3 3
Interest 0 0 0 0 0 0 0 0 0 1 1 1 1
Depreciation 0 0 0 0 0 0 0 1 1 3 2 2 2
Profit before tax 0 -0 0 -0 -0 -0 -0 -3 -3 7 7 11 10
Tax % 100% 0% 20% 0% 0% 0% 0% -3% -6% 46% 0% 26%
0 -0 0 -0 -0 -0 -0 -3 -3 4 7 8 7
EPS in Rs 0.00 -0.13 0.05 -0.13 -0.10 -0.10 -0.03 -1.93 -1.71 2.35 4.72 5.50 4.76
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 80%
5 Years: 332%
3 Years: 21%
TTM: -9%
Compounded Profit Growth
10 Years: 46%
5 Years: 180%
3 Years: 73%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: 39%
3 Years: 38%
1 Year: -35%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 3 3 3 3 3 3 3 3 3 3 15 15
Reserves 1 0 1 0 0 0 -0 -3 -7 -4 41 49
0 1 0 0 0 0 0 9 9 12 8 36
1 0 0 0 0 0 0 1 32 37 55 72
Total Liabilities 5 5 4 3 3 3 3 10 37 48 118 172
0 0 0 0 0 0 0 4 14 18 16 15
CWIP 0 0 0 0 0 0 0 0 0 0 13 15
Investments 0 0 0 0 0 0 0 1 0 0 4 18
5 5 4 3 3 3 3 5 23 30 85 123
Total Assets 5 5 4 3 3 3 3 10 37 48 118 172

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-3 -1 0 3 -0 -0 0 -3 15 5 -27 -15
0 0 0 0 0 0 0 -3 -13 -7 -17 -15
3 1 0 -3 0 0 0 6 -1 2 45 30
Net Cash Flow 0 -0 0 -0 -0 -0 0 0 2 1 1 -0
Free Cash Flow -3 -1 0 3 -0 -0 0 -5 3 -1 -40 -16
CFO/OP 323% -1,400% -749% 40% 20% -40% 165% -550% 73% -341% -98%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 325 4,347 13,018 2 0 0 0 409 19 88 254 285
Inventory Days 0 61 548 41 531 122 0
Days Payable 365 0 0 0 0
Cash Conversion Cycle 325 4,043 13,566 43 531 122 0 409 19 88 254 285
Working Capital Days 823 3,960 13,424 569 119,720 19,223 13,277 727 -70 -55 79 106
ROCE % 1% -4% 2% -6% -4% -5% -2% -44% -37% 93% 21% 15%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025
Contract Liabilities (Advances from customers, retention money)
₹ Lakhs

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MEPIDL-MCL JV Revenue
₹ Lakhs
Trade Receivables
₹ Lakhs
Contract Assets (Unbilled revenue, retention money, withheld amount)
₹ Lakhs
Permanent Employees on Rolls
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
62.85% 62.85% 62.85% 62.85% 33.29% 33.29% 33.29% 33.29% 33.29% 33.29% 33.29% 33.29%
0.00% 0.00% 0.00% 1.74% 6.45% 6.45% 7.48% 6.90% 7.47% 7.24% 7.24% 6.51%
37.14% 37.14% 37.14% 35.41% 60.26% 60.26% 59.24% 59.81% 59.24% 59.46% 59.48% 60.20%
No. of Shareholders 2432493885151,3501,9612,5082,6422,7922,9332,9363,005

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports