MEP Infrastructure Developers Ltd
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]
- Market Cap ₹ 29.4 Cr.
- Current Price ₹ 1.60
- High / Low ₹ 6.23 / 1.14
- Stock P/E
- Book Value ₹ -24.9
- Dividend Yield 0.00 %
- ROCE -401 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 47.5 to 28.1 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.46%
- The company has delivered a poor sales growth of -51.4% over past five years.
- Promoter holding is low: 26.8%
- Contingent liabilities of Rs.2,675 Cr.
- Promoters have pledged or encumbered 81.8% of their holding.
- Company's cost of borrowing seems high
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
912 | 487 | 907 | 695 | 781 | 1,477 | 1,869 | 1,370 | 367 | 194 | 60 | 50 | |
858 | 465 | 866 | 75 | 163 | 1,257 | 1,649 | 1,467 | 414 | 185 | 154 | 715 | |
Operating Profit | 54 | 22 | 41 | 621 | 617 | 220 | 220 | -98 | -47 | 9 | -94 | -665 |
OPM % | 6% | 4% | 4% | 89% | 79% | 15% | 12% | -7% | -13% | 5% | -158% | -1,318% |
2 | 12 | 25 | 45 | 29 | 14 | 13 | 34 | -71 | 72 | 13 | -49 | |
Interest | 28 | 27 | 35 | 56 | 61 | 52 | 64 | 70 | 63 | 43 | 42 | 39 |
Depreciation | 2 | 3 | 6 | 565 | 559 | 118 | 122 | 52 | 43 | 82 | 8 | 3 |
Profit before tax | 26 | 4 | 25 | 44 | 27 | 64 | 47 | -185 | -224 | -44 | -131 | -757 |
Tax % | 35% | 42% | 36% | 31% | 34% | 37% | 36% | -24% | -1% | 5% | -0% | 0% |
16 | 2 | 16 | 30 | 18 | 40 | 30 | -141 | -222 | -46 | -131 | -757 | |
EPS in Rs | 1.65 | 0.24 | 1.45 | 1.86 | 1.09 | 2.47 | 1.64 | -7.67 | -12.11 | -2.48 | -7.16 | -41.17 |
Dividend Payout % | 0% | 0% | 0% | 11% | 23% | 12% | 18% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -20% |
5 Years: | -51% |
3 Years: | -48% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -431% |
Stock Price CAGR | |
---|---|
10 Years: | -29% |
5 Years: | -37% |
3 Years: | -53% |
1 Year: | -76% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 111 | 163 | 163 | 163 | 183 | 183 | 183 | 183 | 183 | 186 |
Reserves | 113 | 118 | 147 | 425 | 438 | 475 | 634 | 487 | 265 | 220 | 113 | -644 |
182 | 221 | 395 | 443 | 390 | 363 | 399 | 419 | 341 | 288 | 272 | 217 | |
25 | 38 | 207 | 567 | 882 | 1,029 | 1,327 | 1,765 | 1,907 | 1,074 | 1,067 | 1,139 | |
Total Liabilities | 420 | 476 | 861 | 1,598 | 1,873 | 2,030 | 2,544 | 2,855 | 2,696 | 1,766 | 1,635 | 899 |
12 | 15 | 11 | 344 | 157 | 73 | 43 | 93 | 88 | 36 | 18 | 8 | |
CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 32 | 71 | 210 | 522 | 670 | 779 | 819 | 853 | 853 | 841 | 424 | 168 |
377 | 391 | 640 | 732 | 1,045 | 1,178 | 1,682 | 1,909 | 1,755 | 890 | 1,194 | 723 | |
Total Assets | 420 | 476 | 861 | 1,598 | 1,873 | 2,030 | 2,544 | 2,855 | 2,696 | 1,766 | 1,635 | 899 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
241 | 11 | -9 | 85 | 84 | 281 | -120 | 189 | 103 | -152 | 6 | ||
-12 | -24 | -159 | -388 | 39 | -205 | -16 | -107 | 45 | 248 | 12 | ||
-250 | 14 | 157 | 308 | -116 | -80 | 129 | -83 | -152 | -97 | -16 | ||
Net Cash Flow | -21 | 1 | -11 | 5 | 7 | -4 | -6 | -1 | -5 | -1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 17 | 16 | 0 | 17 | 22 | 15 | 14 | 66 | 7 | 107 | 28 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 10 | 17 | 16 | 0 | 17 | 22 | 15 | 14 | 66 | 7 | 107 | 28 |
Working Capital Days | 8 | -24 | -39 | -216 | -124 | -22 | 2 | -100 | -596 | -965 | -3,193 | -4,973 |
ROCE % | 12% | 8% | 11% | 12% | 9% | 12% | 10% | -10% | -7% | -8% | -14% | -401% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Publication of Audited Consolidated Financial Results for the 4th Quarter and year ended 31st March 2024
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Publication Of Audited Consolidated Financial Results For The 4Th Quarter And Year Ended 31St March 2024
1d - Published audited standalone and consolidated results for quarter and year ended March 31, 2024; CIRP moratorium since March 28, 2024.
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Board Meeting Outcome for Audited Consolidated Financial Results For The Year Ended 31St March 2024
12 Sep - Audited consolidated results for year ended 31 Mar 2024 approved by RP on 11 Sep 2025; company under CIRP.
- Audited Consolidated Financial Results For The Year Ended 31St March 2024 12 Sep
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Corporate Insolvency Resolution Process (CIRP)-Filing of Resolution plan with Tribunal
8 Sep - Resolution Plan for MEP Infrastructure filed with NCLT on 05.09.2025 awaiting NCLT order.
Annual reports
Concalls
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Jun 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Dec 2016TranscriptPPT
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Sep 2016TranscriptNotesPPT
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Feb 2016TranscriptPPT
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