MEP Infrastructure Developers Ltd

MEP Infrast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MEP Infrastructure Developers Ltd

₹ 12.9 0.39%
05 Dec 11:20 a.m.
mepinfra.com BSE: 539126 NSE : MEP
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 237 Cr.
  • Current Price ₹ 12.9
  • High / Low ₹ 21.3 / 9.50
  • Stock P/E
  • Book Value ₹ -21.6
  • Dividend Yield 0.00 %
  • ROCE -20.9 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.88%
  • The company has delivered a poor sales growth of -36.2% over past five years.
  • Promoter holding is low: 39.4%
  • Contingent liabilities of Rs.896 Cr.
  • Promoters have pledged 89.5% of their holding.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
341 282 282 277 217 240 234 150 81 2 11 6 13
193 181 166 134 131 111 292 165 100 52 97 58 49
Operating Profit 148 101 116 143 86 129 -58 -15 -19 -50 -86 -52 -35
OPM % 43% 36% 41% 51% 40% 54% -25% -10% -23% -1,991% -802% -816% -262%
16 128 -64 17 7 3 50 17 13 15 30 24 11
Interest 87 89 82 72 75 69 74 26 19 15 6 14 24
Depreciation 93 49 49 65 60 63 69 40 19 2 2 2 1
Profit before tax -16 91 -79 24 -41 1 -151 -64 -45 -52 -63 -42 -49
Tax % -38% 7% -8% 69% -29% 2,122% -8% -0% -1% 0% -0% 2% -6%
-68 85 -85 3 -53 -13 -163 -64 -45 -52 -63 -42 -52
EPS in Rs -3.55 4.87 -5.00 0.28 -2.81 -0.66 -8.83 -3.47 -2.46 -2.69 -3.16 -2.26 -2.81
Raw PDF

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 33
731 915 886 1,564 374 440 1,449 1,855 1,699 675 673 406 255
Operating Profit 349 365 312 445 1,531 1,289 873 960 358 448 295 -162 -222
OPM % 32% 29% 26% 22% 80% 75% 38% 34% 17% 40% 30% -66% -675%
56 22 42 31 71 244 125 94 406 97 78 68 81
Interest 377 376 380 404 642 493 470 464 414 343 289 67 59
Depreciation 95 99 130 180 1,012 868 419 494 392 253 256 63 6
Profit before tax -66 -88 -156 -107 -52 172 109 95 -43 -51 -172 -224 -206
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 -208
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 -10.92
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: -95%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -3%
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: -21%
3 Years: -6%
1 Year: -37%
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%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
61.71% 62.04% 61.98% 61.98% 58.25% 58.16% 57.90% 44.00% 43.46% 42.36% 41.27% 39.39%
3.71% 3.71% 3.73% 3.71% 3.89% 4.11% 3.83% 4.33% 4.05% 4.00% 3.95% 3.91%
7.42% 7.42% 7.42% 7.42% 7.81% 5.90% 5.30% 5.25% 5.17% 5.14% 5.60% 5.50%
27.16% 26.83% 26.87% 26.89% 30.05% 31.83% 32.97% 46.41% 47.32% 48.50% 49.17% 51.19%
No. of Shareholders 17,65818,99221,44921,64823,59825,61426,08228,39627,80527,81528,08930,725

* 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.

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