Meghna Infracon Infrastructure Ltd

₹ 679 -0.25%

01 Oct 11:01 a.m.

naysaasecurities.com BSE: 538668 NSE: MIIL

About

Incorporated in 2007, Meghna Infracon Infrastructure Ltd is in the business of builders and running hotels^[1]

Key Points

Business Overview:^[1]
MIIL was engaged in the business of shares and securities. The company changed its business activity and currently deals in real estate projects

Website BSE NSE

Market Cap ₹ 1,475 Cr.
Current Price ₹ 679
High / Low ₹ 819 / 470
Stock P/E 325
Book Value ₹ 12.6
Dividend Yield 0.04 %
ROCE 23.9 %
ROE 21.9 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 33.1%

Cons

Stock is trading at 54.2 times its book value
Company has high debtors of 209 days.
Working capital days have increased from 422 days to 1,112 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

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	14.45	21.43	7.41	9.49	5.45	0.00	5.21	3.36	1.11	0.14	0.00	6.37	1.82
	14.17	19.82	7.97	9.55	5.43	0.31	2.67	3.09	0.95	0.85	0.56	0.87	1.16
Operating Profit	0.28	1.61	-0.56	-0.06	0.02	-0.31	2.54	0.27	0.16	-0.71	-0.56	5.50	0.66
OPM %	1.94%	7.51%	-7.56%	-0.63%	0.37%		48.75%	8.04%	14.41%	-507.14%		86.34%	36.26%
	0.21	0.39	0.89	0.71	1.64	0.64	1.62	3.80	1.39	1.89	1.67	-2.18	0.24
Interest	0.10	0.04	0.01	0.02	0.01	0.00	0.01	0.02	0.03	0.03	0.04	0.04	0.14
Depreciation	0.01	0.02	0.01	0.02	0.01	0.01	0.07	0.09	0.11	0.10	0.16	0.17	0.13
Profit before tax	0.38	1.94	0.31	0.61	1.64	0.32	4.08	3.96	1.41	1.05	0.91	3.11	0.63
Tax %	28.95%	0.00%	-32.26%	11.48%	1.83%	3.12%	16.67%	0.76%	0.71%	0.00%	-3.30%	35.69%	15.87%
	0.27	1.95	0.40	0.55	1.61	0.30	3.40	3.92	1.39	1.05	0.95	2.00	0.54
EPS in Rs	0.12	0.90	0.18	0.25	0.74	0.14	1.57	1.81	0.64	0.48	0.44	0.92	0.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2.41	4.63	15.53	175.66	103.64	22.46	1.77	10.66	12.98	54.92	14.33	7.62	8.33
	2.43	4.65	15.59	176.24	104.46	23.53	0.76	10.35	14.60	51.50	11.48	3.26	3.44
Operating Profit	-0.02	-0.02	-0.06	-0.58	-0.82	-1.07	1.01	0.31	-1.62	3.42	2.85	4.36	4.89
OPM %	-0.83%	-0.43%	-0.39%	-0.33%	-0.79%	-4.76%	57.06%	2.91%	-12.48%	6.23%	19.89%	57.22%	58.70%
	0.16	0.16	-0.18	-0.83	0.25	1.67	0.01	0.49	0.26	0.05	7.39	2.78	1.62
Interest	0.03	0.03	0.08	0.33	0.39	0.25	0.02	0.18	0.48	0.17	0.06	0.13	0.25
Depreciation	0.07	0.08	0.07	0.07	0.07	0.01	0.03	0.14	0.10	0.06	0.18	0.54	0.56
Profit before tax	0.04	0.03	-0.39	-1.81	-1.03	0.34	0.97	0.48	-1.94	3.24	10.00	6.47	5.70
Tax %	25.00%	66.67%	-12.82%	-12.15%	-26.21%	17.65%	57.73%	14.58%	2.06%	2.16%	7.50%	16.69%
	0.02	0.02	-0.34	-1.59	-0.76	0.28	0.41	0.41	-1.97	3.17	9.24	5.39	4.54
EPS in Rs	0.01	0.01	-0.16	-0.73	-0.35	0.13	0.19	0.19	-0.91	1.46	4.26	2.48	2.09
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.43%	1.18%	10.07%

Compounded Sales Growth
10 Years:	5%
5 Years:	34%
3 Years:	-16%
TTM:	-14%

Compounded Profit Growth
10 Years:	75%
5 Years:	67%
3 Years:	67%
TTM:	-50%

Stock Price CAGR
10 Years:	63%
5 Years:	163%
3 Years:	93%
1 Year:	32%

Return on Equity
10 Years:	17%
5 Years:	25%
3 Years:	33%
Last Year:	22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.48	3.48	3.48	3.48	3.48	3.48	3.48	3.48	10.86	10.86	10.86	21.72
Reserves	1.58	1.59	1.25	-0.34	-1.10	-0.82	-0.41	0.12	-0.84	2.33	11.10	5.54
	0.04	0.07	2.32	7.18	3.75	7.31	8.81	1.72	8.51	0.68	0.83	5.16
	0.55	0.81	0.30	5.01	0.04	0.21	0.11	0.86	0.17	0.16	0.90	6.01
Total Liabilities	5.65	5.95	7.35	15.33	6.17	10.18	11.99	6.18	18.70	14.03	23.69	38.43
	0.09	0.07	0.05	0.04	0.03	0.02	0.43	0.31	0.13	0.11	0.97	1.57
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	2.54	0.84	0.00	0.00	0.00	4.62	1.71	0.85	0.00	3.32	17.65	4.42
	3.02	5.04	7.30	15.29	6.14	5.54	9.85	5.02	18.57	10.60	5.07	32.44
Total Assets	5.65	5.95	7.35	15.33	6.17	10.18	11.99	6.18	18.70	14.03	23.69	38.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.60	-1.86	-0.63	0.23	1.42	4.61	-2.43	4.00	-16.66	11.23	15.59	-13.75
	-2.64	1.72	0.83	0.09	0.03	-4.58	2.60	1.55	1.05	-3.29	-15.53	12.15
	1.25	-0.03	-0.08	-0.34	-0.39	-0.25	1.43	-7.26	14.81	-8.01	0.00	4.09
Net Cash Flow	-0.79	-0.17	0.12	-0.02	1.06	-0.22	1.60	-1.71	-0.80	-0.07	0.06	2.49
Free Cash Flow	0.50	-1.87	-0.64	0.22	1.41	4.61	-2.87	3.99	-16.49	11.19	14.55	-14.93
CFO/OP	-3,050%	9,200%	1,017%	-41%	-173%	-431%	-236%	1,297%	1,024%	329%	553%	-294%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	96.93	109.58	8.93	0.56	2.68	27.14	600.08	1.71	3.94	4.19	19.10	209.32
Inventory Days	25.00	91.04	121.59	27.02	6.87	23.73		105.73	462.07	58.20	116.00	9,904.77
Days Payable	85.00	57.54	3.83	10.23	0.00	1.76		26.90	0.26	0.00	0.00	277.90
Cash Conversion Cycle	36.93	143.07	126.69	17.35	9.55	49.11	600.08	80.54	465.74	62.38	135.11	9,836.20
Working Capital Days	98.44	137.96	69.80	2.45	-2.50	-64.19	1,367.20	96.21	499.13	66.00	88.38	1,112.24
ROCE %	1.58%	1.17%	-5.09%	-17.04%	-7.78%	7.33%	9.06%	7.67%	-13.00%	21.05%	54.88%	23.90%

Insights

In beta

Mar 2025

Mar 2026

Area Sold
Sqft

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Average Realization
INR per sqft

Booked Value (as per P/L)
INR Cr

Collections
INR Cr

Units Sold
count

Number of Projects (Ongoing + Upcoming)
count

Ongoing Project Pipeline GDV
INR Cr

Upcoming Project Pipeline GDV
INR Cr

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.92%	46.92%	46.92%	46.92%	46.92%	46.92%	46.92%	46.92%	46.92%	46.92%	47.01%	47.01%
	0.00%	0.00%	0.18%	0.80%	0.89%	1.93%	1.93%	7.26%	7.84%	7.84%	7.89%	7.98%
	53.09%	53.08%	52.90%	52.27%	52.18%	51.15%	51.14%	45.83%	45.24%	45.24%	45.09%	45.02%
No. of Shareholders	672	765	744	1,083	1,160	1,347	1,347	2,652	3,453	2,841	2,596	2,520

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	46.84%	46.84%	46.84%	46.84%	47.64%	47.64%	46.92%	46.92%	46.92%	47.01%	47.01%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	1.93%	7.89%	7.98%
	53.16%	53.16%	53.16%	53.16%	52.36%	52.36%	53.09%	52.90%	51.14%	45.09%	45.02%
No. of Shareholders	78	84	89	80	79	91	98	744	1,347	2,596	2,520

* 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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