MEP Infrastructure Developers Ltd
MEP Infrastructure Developers Ltd is engaged in the business of construction, operation, and maintenance of road infrastructure in India, with a focus on serving the Central and State road authorities. [1]
- Market Cap ₹ 217 Cr.
- Current Price ₹ 11.8
- High / Low ₹ 21.3 / 9.50
- Stock P/E
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE -14.4 %
- ROE -38.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.79 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.09%
- The company has delivered a poor sales growth of -47.4% over past five years.
- Company has a low return on equity of -27.1% over last 3 years.
- Contingent liabilities of Rs.111 Cr.
- Promoters have pledged 92.0% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 60 | |
690 | 858 | 465 | 866 | 75 | 163 | 1,257 | 1,649 | 1,467 | 414 | 185 | 154 | 140 | |
Operating Profit | 33 | 54 | 22 | 41 | 621 | 617 | 220 | 220 | -98 | -47 | 9 | -94 | -81 |
OPM % | 5% | 6% | 4% | 4% | 89% | 79% | 15% | 12% | -7% | -13% | 5% | -158% | -135% |
52 | 2 | 12 | 25 | 45 | 29 | 14 | 13 | 34 | -71 | 72 | 13 | 15 | |
Interest | 54 | 28 | 27 | 35 | 56 | 61 | 52 | 64 | 70 | 63 | 43 | 42 | 39 |
Depreciation | 1 | 2 | 3 | 6 | 565 | 559 | 118 | 122 | 52 | 43 | 82 | 8 | 7 |
Profit before tax | 30 | 26 | 4 | 25 | 44 | 27 | 64 | 47 | -185 | -224 | -44 | -131 | -111 |
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 | -110 | |
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 | -5.97 |
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: | -54% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -25% |
3 Years: | -7% |
1 Year: | -13% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
100 | 100 | 100 | 111 | 163 | 163 | 163 | 183 | 183 | 183 | 183 | 183 | |
Reserves | 97 | 113 | 118 | 147 | 425 | 438 | 475 | 634 | 487 | 265 | 220 | 90 |
328 | 182 | 221 | 395 | 443 | 390 | 363 | 399 | 419 | 341 | 288 | 272 | |
402 | 25 | 38 | 207 | 567 | 882 | 1,029 | 1,327 | 1,765 | 1,907 | 1,074 | 1,091 | |
Total Liabilities | 927 | 420 | 476 | 861 | 1,598 | 1,873 | 2,030 | 2,544 | 2,855 | 2,696 | 1,766 | 1,635 |
10 | 12 | 15 | 11 | 344 | 157 | 73 | 43 | 93 | 88 | 36 | 18 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 29 | 32 | 71 | 210 | 522 | 670 | 779 | 819 | 853 | 853 | 841 | 424 |
889 | 377 | 391 | 640 | 732 | 1,045 | 1,178 | 1,682 | 1,909 | 1,755 | 890 | 1,194 | |
Total Assets | 927 | 420 | 476 | 861 | 1,598 | 1,873 | 2,030 | 2,544 | 2,855 | 2,696 | 1,766 | 1,635 |
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% |
Documents
Announcements
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Outcome Of The Preferential Allotment Committee
14 Sep - MEP Infrastructure Developers Limited has informed the Exchange(s) regarding the Outcome of the Preferential Allotment Committee Meeting.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Sep - MEP Infrastructure Developers Limited has informed the Exchange about the Copy of Newspaper Publication with regard to the Dispatch of Notice of 21st Annual General …
- Notice Of 21St Annual General Meeting 6 Sep
- Reg. 34 (1) Annual Report. 6 Sep
- Reg. 34 (1) Annual Report. 6 Sep
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
Services
BOT & HAM: In the Build-Operate-Transfer (BOT) space, the Co. is handling Operations, Maintenance, and Toll Collection of the road assets. Under the Hybrid Annuity Model, 60% of the total project cost is contributed by the developer, and the balance of 40% is invested by the Government during the construction period in five equal installments linked to project milestones.
OMT Services: The Co’s OMT activities include road maintenance and property management, renewal and engineering improvement, and incident management amongst others.
Toll Management: The Co. specializes in toll management and also possesses the required expertise in the installation of electronic toll and cash collection systems, communication networks, and intelligent transportation systems. [1]