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 ₹ 55.2 Cr.
- Current Price ₹ 3.00
- High / Low ₹ 22.2 / 2.94
- Stock P/E
- Book Value ₹ 13.1
- Dividend Yield 0.00 %
- ROCE -14.2 %
- ROE -37.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.23 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.36%
- The company has delivered a poor sales growth of -47.4% over past five years.
- Promoter holding is low: 30.6%
- Company has a low return on equity of -26.9% over last 3 years.
- Contingent liabilities of Rs.2,675 Cr.
- Promoters have pledged 84.4% of their holding.
- Debtor days have increased from 60.0 to 107 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
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
723 | 912 | 487 | 907 | 695 | 781 | 1,477 | 1,869 | 1,370 | 367 | 194 | 60 | 50 | |
690 | 858 | 465 | 866 | 75 | 163 | 1,257 | 1,649 | 1,467 | 414 | 185 | 154 | 176 | |
Operating Profit | 33 | 54 | 22 | 41 | 621 | 617 | 220 | 220 | -98 | -47 | 9 | -94 | -126 |
OPM % | 5% | 6% | 4% | 4% | 89% | 79% | 15% | 12% | -7% | -13% | 5% | -158% | -251% |
52 | 2 | 12 | 25 | 45 | 29 | 14 | 13 | 34 | -71 | 72 | 13 | -50 | |
Interest | 54 | 28 | 27 | 35 | 56 | 61 | 52 | 64 | 70 | 63 | 43 | 42 | 43 |
Depreciation | 1 | 2 | 3 | 6 | 565 | 559 | 118 | 122 | 52 | 43 | 82 | 8 | 4 |
Profit before tax | 30 | 26 | 4 | 25 | 44 | 27 | 64 | 47 | -185 | -224 | -44 | -131 | -223 |
Tax % | 39% | 35% | 42% | 36% | 31% | 34% | 37% | 36% | -24% | -1% | 5% | -0% | |
18 | 16 | 2 | 16 | 30 | 18 | 40 | 30 | -141 | -222 | -46 | -131 | -222 | |
EPS in Rs | 1.81 | 1.65 | 0.24 | 1.45 | 1.86 | 1.09 | 2.47 | 1.64 | -7.67 | -12.11 | -2.48 | -7.16 | -12.09 |
Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 23% | 12% | 18% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -24% |
5 Years: | -47% |
3 Years: | -65% |
TTM: | -30% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
TTM: | -37% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -39% |
3 Years: | -46% |
1 Year: | -81% |
Return on Equity | |
---|---|
10 Years: | -7% |
5 Years: | -17% |
3 Years: | -27% |
Last Year: | -38% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 97 | 113 | 118 | 147 | 425 | 438 | 475 | 634 | 487 | 265 | 220 | 113 | 55 |
328 | 182 | 221 | 395 | 443 | 390 | 363 | 399 | 419 | 341 | 288 | 272 | 245 | |
402 | 25 | 38 | 207 | 567 | 882 | 1,029 | 1,327 | 1,765 | 1,907 | 1,074 | 1,067 | 1,087 | |
Total Liabilities | 927 | 420 | 476 | 861 | 1,598 | 1,873 | 2,030 | 2,544 | 2,855 | 2,696 | 1,766 | 1,635 | 1,573 |
10 | 12 | 15 | 11 | 344 | 157 | 73 | 43 | 93 | 88 | 36 | 18 | 13 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 29 | 32 | 71 | 210 | 522 | 670 | 779 | 819 | 853 | 853 | 841 | 424 | 410 |
889 | 377 | 391 | 640 | 732 | 1,045 | 1,178 | 1,682 | 1,909 | 1,755 | 890 | 1,194 | 1,150 | |
Total Assets | 927 | 420 | 476 | 861 | 1,598 | 1,873 | 2,030 | 2,544 | 2,855 | 2,696 | 1,766 | 1,635 | 1,573 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-245 | 241 | 11 | -9 | 85 | 84 | 281 | -120 | 189 | 103 | -152 | 6 | |
59 | -12 | -24 | -159 | -388 | 39 | -205 | -16 | -107 | 45 | 248 | 12 | |
201 | -250 | 14 | 157 | 308 | -116 | -80 | 129 | -83 | -152 | -97 | -16 | |
Net Cash Flow | 15 | -21 | 1 | -11 | 5 | 7 | -4 | -6 | -1 | -5 | -1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 10 | 17 | 16 | 0 | 17 | 22 | 15 | 14 | 66 | 7 | 107 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 2 | 10 | 17 | 16 | 0 | 17 | 22 | 15 | 14 | 66 | 7 | 107 |
Working Capital Days | 117 | 14 | 55 | 32 | -105 | -47 | -0 | 19 | -69 | -408 | -633 | -1,920 |
ROCE % | 25% | 12% | 8% | 11% | 12% | 9% | 12% | 10% | -10% | -7% | -8% | -14% |
Documents
Announcements
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Reasons For Delay In Submission Of Financial Results For The Year Ended 30Th September 2024
9 Dec - Delay in submission of financial results due to audit issues.
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Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
29 Nov - Post-facto intimation of 8th Committee of Creditors meeting.
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Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
30 Oct - Post-facto intimation of Committee of Creditors meeting.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
29 Oct - Disclosure of tolling operations update and compliance.
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Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
25 Oct - Post-facto intimation of Committee of Creditors meeting.
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
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