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 ₹ 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
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
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 | 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% |
Documents
Announcements
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Disclosure Under Regulation 30
20 Nov - MEP Infrastructure Developers Limited has submitted the Disclosure under Regulation 30 of SEBI LODR with respect to the Resignation of Mr. Deepak Gadgil, Whole Time …
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Updates
17 Nov - MEP Infrastructure Developers Limited has informed the Exchange(s) regarding the Receipt of Certificate of Completion of Project by Ozoneland MEP Solapur Ring Road Pvt. Ltd.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - MEP Infrastructure Developers Limited has informed the Exchange(s) about the copy of the Newspaper Advertisement regarding Financial Results for the Quarter and Half Year ended …
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Statement Of Deviation & Variation For Quarter Ended 30Th September, 2023
10 Nov - MEP Infrastructure Developers Limited has informed the Exchange(s) regarding Statement of Deviation & Variation for the Quarter ended 30th September, 2023
- Financial Results For The Quarter And Half Year Ended 30Th September, 2023 10 Nov
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]