MEP Infrastructure Developers Ltd

About [ edit ]

MEP Infrastructure Developers Ltd is into the business of collection of toll and construction of roads along with other ancillary activities such as road repairs and maintenance of flyovers, roads and allied structures.

  • Market Cap 330 Cr.
  • Current Price 18.0
  • High / Low 35.6 / 9.43
  • Stock P/E 20.8
  • Book Value 5.83
  • Dividend Yield 0.00 %
  • ROCE 5.13 %
  • ROE -107 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.09 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.47% over past five years.
  • Company has a low return on equity of -22.86% for last 3 years.
  • Contingent liabilities of Rs.6016.87 Cr.
  • Promoters have pledged 84.25% of their holding.
  • Earnings include an other income of Rs.330.29 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -8.16%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
776 825 575 719 695 614 541 480 421 218 341 282
531 547 294 478 536 497 410 429 363 129 193 181
Operating Profit 246 278 282 240 159 117 131 52 58 88 148 101
OPM % 32% 34% 49% 33% 23% 19% 24% 11% 14% 41% 43% 36%
Other Income 35 15 -13 14 74 78 69 50 170 20 16 125
Interest 119 117 116 114 117 109 112 106 88 85 87 89
Depreciation 123 127 149 116 102 70 77 81 164 62 93 49
Profit before tax 39 49 3 25 15 16 11 -85 -24 -39 -16 88
Tax % 35% 39% 188% 61% -14% 109% 25% 16% -151% -17% -38% 7%
Net Profit 27 26 1 13 16 7 22 -62 -44 -9 -65 89
EPS in Rs 1.64 1.43 0.04 0.71 0.89 0.38 1.21 -3.37 -2.42 -0.49 -3.55 4.87
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
328 449 1,080 1,280 1,198 2,009 1,905 1,729 2,322 2,815 2,056 1,262
323 372 731 915 886 1,565 374 440 1,449 1,855 1,699 867
Operating Profit 5 77 349 365 312 444 1,531 1,289 873 960 358 395
OPM % 2% 17% 32% 29% 26% 22% 80% 75% 38% 34% 17% 31%
Other Income 1 14 56 22 42 32 71 244 125 94 406 330
Interest 5 130 377 376 380 404 642 493 470 464 414 349
Depreciation 0 39 95 99 130 180 1,012 868 419 494 392 368
Profit before tax 0 -77 -66 -88 -156 -107 -52 172 109 95 -43 10
Tax % 359% -6% 19% -5% 15% -7% 30% 37% 35% 41% -99%
Net Profit -1 -76 -48 -93 -129 -115 -37 109 71 56 -77 -29
EPS in Rs -1.13 -67.78 -4.77 -9.29 -12.92 -10.34 -2.25 6.70 4.37 3.07 -4.21 -1.59
Dividend Payout % -0% -0% -0% -0% -0% -0% -9% 4% 7% 10% -0%
Compounded Sales Growth
10 Years:20%
5 Years:0%
3 Years:6%
TTM:-46%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:120%
Stock Price CAGR
10 Years:%
5 Years:-15%
3 Years:-40%
1 Year:-47%
Return on Equity
10 Years:%
5 Years:%
3 Years:-23%
Last Year:-107%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
11 11 100 100 100 111 163 163 163 183 183 183
Reserves 86 10 -38 -131 -188 -338 -275 -170 -103 82 -2 -76
Borrowings 128 3,275 3,150 3,089 3,220 3,336 3,053 2,958 3,032 2,768 2,431 1,669
4 57 119 216 402 526 2,494 1,946 1,847 2,174 2,286 3,296
Total Liabilities 230 3,354 3,331 3,274 3,534 3,636 5,435 4,896 4,939 5,207 4,899 5,072
2 2,254 2,207 2,151 2,364 2,156 3,588 2,465 2,479 2,082 1,478 1,328
CWIP -0 -0 -0 -0 6 16 7 28 27 26 -0 -0
Investments 0 94 3 3 1 32 22 166 240 280 332 323
228 1,005 1,121 1,120 1,164 1,431 1,818 2,237 2,193 2,819 3,090 3,421
Total Assets 230 3,354 3,331 3,274 3,534 3,636 5,435 4,896 4,939 5,207 4,899 5,072

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-151 -346 281 743 470 276 453 463 710 503 767
43 -2,666 108 -350 -48 -87 -73 -57 -373 -19 -31
115 3,038 -375 -393 -396 -216 -374 -426 -338 -482 -743
Net Cash Flow 7 26 14 -0 25 -27 6 -20 -1 2 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 3% 10% 9% 7% 10% 20% 17% 19% 19% 5%
Debtor Days 32 23 2 11 9 5 0 7 14 11 7
Inventory Turnover -0.00 -0.00

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
69.87 61.92 63.74 65.05 65.18 65.77 65.96 65.96 65.47 61.71 61.71 61.71
0.84 11.13 9.25 9.06 8.40 5.29 5.28 4.91 4.55 4.47 3.89 3.71
8.74 7.87 7.61 7.57 7.69 7.65 8.46 7.85 7.83 7.43 7.42 7.42
20.55 19.08 19.40 18.32 18.73 21.29 20.30 21.28 22.15 26.40 26.98 27.16

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