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 ₹ 212 Cr.
- Current Price ₹ 11.5
- High / Low ₹ 22.2 / 9.50
- Stock P/E
- Book Value ₹ -21.6
- Dividend Yield 0.00 %
- ROCE -20.9 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -36.2% over past five years.
- Promoter holding is low: 39.1%
- Contingent liabilities of Rs.896 Cr.
- Promoters have pledged 89.5% of their holding.
- Promoter holding has decreased over last 3 years: -22.6%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,080 | 1,280 | 1,198 | 2,009 | 1,905 | 1,729 | 2,322 | 2,815 | 2,056 | 1,123 | 967 | 245 | 49 | |
731 | 915 | 886 | 1,564 | 374 | 440 | 1,449 | 1,855 | 1,699 | 675 | 673 | 406 | 251 | |
Operating Profit | 349 | 365 | 312 | 445 | 1,531 | 1,289 | 873 | 960 | 358 | 448 | 295 | -162 | -202 |
OPM % | 32% | 29% | 26% | 22% | 80% | 75% | 38% | 34% | 17% | 40% | 30% | -66% | -411% |
56 | 22 | 42 | 31 | 71 | 244 | 125 | 94 | 406 | 97 | 78 | 68 | -2 | |
Interest | 377 | 376 | 380 | 404 | 642 | 493 | 470 | 464 | 414 | 343 | 289 | 67 | 60 |
Depreciation | 95 | 99 | 130 | 180 | 1,012 | 868 | 419 | 494 | 392 | 253 | 256 | 63 | 4 |
Profit before tax | -66 | -88 | -156 | -107 | -52 | 172 | 109 | 95 | -43 | -51 | -172 | -224 | -267 |
Tax % | 19% | -5% | 15% | -7% | 30% | 37% | 35% | 41% | -99% | -50% | -31% | -0% | |
-53 | -93 | -128 | -115 | -37 | 109 | 71 | 56 | -86 | -77 | -225 | -225 | -273 | |
EPS in Rs | -4.77 | -9.29 | -12.92 | -10.34 | -2.25 | 6.70 | 4.37 | 3.07 | -4.21 | -4.18 | -12.02 | -11.78 | -14.56 |
Dividend Payout % | 0% | 0% | 0% | 0% | -9% | 4% | 7% | 10% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -15% |
5 Years: | -36% |
3 Years: | -51% |
TTM: | -90% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -3% |
TTM: | 38% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -23% |
3 Years: | -10% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 111 | 163 | 163 | 163 | 183 | 183 | 183 | 183 | 183 | 186 |
Reserves | 7 | -85 | -188 | -338 | -275 | -170 | -103 | 82 | -2 | -79 | -298 | -673 | -584 |
3,150 | 3,089 | 3,220 | 3,336 | 3,053 | 2,958 | 3,032 | 2,768 | 2,431 | 2,303 | 2,097 | 414 | 392 | |
74 | 171 | 402 | 526 | 2,494 | 1,946 | 1,847 | 2,174 | 2,286 | 2,346 | 1,723 | 3,283 | 3,210 | |
Total Liabilities | 3,331 | 3,274 | 3,534 | 3,636 | 5,435 | 4,896 | 4,939 | 5,207 | 4,899 | 4,753 | 3,706 | 3,207 | 3,205 |
2,207 | 2,151 | 2,364 | 2,156 | 3,588 | 2,465 | 2,479 | 2,082 | 1,478 | 1,265 | 1,124 | 45 | 39 | |
CWIP | 0 | 0 | 6 | 16 | 7 | 28 | 27 | 26 | 0 | 0 | 0 | 0 | 0 |
Investments | 3 | 3 | 1 | 32 | 22 | 166 | 240 | 280 | 332 | 317 | 85 | 65 | 53 |
1,121 | 1,120 | 1,164 | 1,431 | 1,818 | 2,237 | 2,193 | 2,819 | 3,090 | 3,171 | 2,496 | 3,097 | 3,113 | |
Total Assets | 3,331 | 3,274 | 3,534 | 3,636 | 5,435 | 4,896 | 4,939 | 5,207 | 4,899 | 4,753 | 3,706 | 3,207 | 3,205 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
281 | 743 | 470 | 276 | 453 | 463 | 710 | 503 | 767 | 547 | 306 | 378 | |
108 | -350 | -48 | -87 | -73 | -57 | -373 | -19 | -31 | -72 | 113 | -16 | |
-375 | -393 | -396 | -216 | -374 | -426 | -338 | -482 | -743 | -497 | -415 | -361 | |
Net Cash Flow | 14 | -0 | 25 | -27 | 6 | -20 | -1 | 2 | -6 | -22 | 4 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 11 | 9 | 5 | 0 | 7 | 14 | 11 | 7 | 22 | 1 | 31 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 2 | 11 | 9 | 5 | 0 | 7 | 14 | 11 | 7 | 22 | 1 | 31 |
Working Capital Days | 201 | -30 | -93 | -58 | -267 | -144 | -118 | -67 | -97 | -33 | -145 | -463 |
ROCE % | 9% | 9% | 7% | 10% | 20% | 17% | 19% | 19% | 5% | 14% | 3% | -21% |
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI LODR Regulations 2015
13h - MEP Infrastructure Developers Limited has informed the Exchange(s) regarding the Disclosure under Regulation 30 of SEBI LODR Regulations, 2015.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 22 Mar
- Reasons For Delay In Submission Of Brief Proceedings Of EOGM Held On 1St March, 2024 12 Mar
-
Disclosure Under Regulation 30 Of SEBI LODR Regulations, 2015
6 Mar - MEP Infrastructure Developers Limited has informed the Exchanges regarding the Disclosure under Regulation 30 of SEBI LODR Regulations, 2015
-
Disclosure Under Reg.30 Of SEBI LODR Regulations, 2015.
5 Mar - MEP Infrastructure Developers Limited has submitted the Disclosure under Reg 30 of SEBI LODR Regulations, 2015.
Annual reports
Concalls
-
May 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Aug 2018Transcript PPT
-
May 2018TranscriptNotesPPT
-
May 2018Transcript PPT
-
Feb 2018TranscriptPPT
-
Nov 2017TranscriptPPT
-
Aug 2017TranscriptPPT
-
Jun 2017TranscriptPPT
-
May 2017TranscriptPPT
-
Feb 2017TranscriptPPT
-
Dec 2016TranscriptPPT
-
Sep 2016TranscriptNotesPPT
-
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