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Last Updated: April 2, 2026, 2:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: | NSE:

CMM Infraprojects Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹0.70Overvalued by 64.10%vs CMP ₹1.95

P/E (4.3) × ROE (1.1%) × BV (₹18.60) × DY (2.00%)

₹13.38Undervalued by 586.15%vs CMP ₹1.95
MoS: +85.4% (Strong)Confidence: 53/100 (Moderate)Models: 5 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹0.7434%Over (-62.1%)
Graham NumberEarnings₹13.7225%Under (+603.6%)
Net Asset ValueAssets₹18.6211%Under (+854.9%)
Earnings YieldEarnings₹4.5011%Under (+130.8%)
ROCE CapitalReturns₹54.7411%Under (+2707.2%)
Revenue MultipleRevenue₹14.698%Under (+653.3%)
Consensus (6 models)₹13.38100%Undervalued
Key Drivers: ROE 1.1% is below cost of equity. | Wide model spread (₹1–₹55) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.4%

*Investments are subject to market risks

Investment Snapshot

47
CMM Infraprojects Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health45/100 · Moderate
ROCE 0.5% WeakROE 1.1% WeakD/E 0.67 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 1.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (-5% → 1%) Improving
Quarterly Momentum35/100 · Weak
Revenue (4Q): -30% YoY Declining
Industry Rank35/100 · Weak
P/E 4.3 vs industry 36.6 Cheaper than peersROCE 0.5% vs industry 16.4% Below peersROE 1.1% vs industry 21.4% Below peers3Y sales CAGR: -6% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:46 am

Market Cap 3.06 Cr.
Current Price 1.95
Intrinsic Value₹13.38
High / Low 1.95/1.75
Stock P/E4.31
Book Value 18.6
Dividend Yield0.00 %
ROCE0.49 %
ROE1.07 %
Face Value 10.0
PEG Ratio0.67

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CMM Infraprojects Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
CMM Infraprojects Ltd 3.06 Cr. 1.95 1.95/1.754.31 18.60.00 %0.49 %1.07 % 10.0
Bharat Road Network Ltd 155 Cr. 18.4 31.3/16.65.41 49.20.00 %15.1 %53.7 % 10.0
Modern Engineering and Projects Ltd 53.3 Cr. 34.5 49.9/24.83.05 39.40.00 %20.5 %25.9 % 10.0
Dhanuka Realty Ltd 19.0 Cr. 19.9 34.0/12.56.64 16.50.00 %18.4 %20.5 % 10.0
Anand Projects Ltd 2.28 Cr. 24.5 /1.55 34.60.00 %9.56 %5.09 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of CMM Infraprojects Ltd

Quarterly Result

MetricSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 20.2250.1117.7534.1916.6539.3354.9952.6957.3175.8727.5818.5120.84
Expenses 18.5743.6116.7428.8211.2237.0055.4477.2356.4574.7127.3918.6721.13
Operating Profit 1.656.501.015.375.432.33-0.45-24.540.861.160.19-0.16-0.29
OPM % 8.16%12.97%5.69%15.71%32.61%5.92%-0.82%-46.57%1.50%1.53%0.69%-0.86%-1.39%
Other Income 0.610.751.881.830.560.411.520.840.240.170.350.850.04
Interest 0.825.491.021.093.611.060.951.200.14-0.020.15-0.010.07
Depreciation 1.370.921.225.220.952.663.460.850.830.830.730.000.01
Profit before tax 0.070.840.650.891.43-0.98-3.34-25.750.130.52-0.340.70-0.33
Tax % -171.43%-9.52%95.38%82.02%99.30%-150.00%-2.99%-0.82%-38.46%94.23%-20.59%17.14%-139.39%
Net Profit 0.190.910.030.170.010.50-3.24-25.530.180.03-0.270.580.13
EPS in Rs 0.120.580.020.110.010.32-2.07-16.290.110.02-0.170.370.08

Last Updated: January 2, 2026, 2:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 98.11145.12178.62197.10233.2998.2970.3251.9255.98107.68133.1946.1039.35
Expenses 94.47138.13170.10185.46211.9588.8761.8045.4148.21132.67131.1846.0739.80
Operating Profit 3.646.998.5211.6421.349.428.526.517.77-24.992.010.03-0.45
OPM % 3.71%4.82%4.77%5.91%9.15%9.58%12.12%12.54%13.88%-23.21%1.51%0.07%-1.14%
Other Income 0.150.120.152.920.331.780.983.620.972.360.411.200.89
Interest 1.642.873.684.225.227.716.316.466.274.660.120.150.06
Depreciation 0.521.221.402.362.712.742.292.112.011.801.660.730.01
Profit before tax 1.633.023.597.9813.740.750.901.560.46-29.090.640.350.37
Tax % 33.74%35.76%36.49%26.32%34.43%-6.67%-22.22%86.54%-13.04%-1.07%67.19%11.43%
Net Profit 1.071.932.295.889.010.791.100.200.51-28.770.210.310.71
EPS in Rs 3.856.948.2321.145.750.500.700.130.33-18.360.130.200.45
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)80.37%18.65%156.77%53.23%-91.23%39.24%-81.82%155.00%-5741.18%100.73%47.62%
Change in YoY Net Profit Growth (%)0.00%-61.72%138.12%-103.54%-144.46%130.47%-121.06%236.82%-5896.18%5841.91%-53.11%

CMM Infraprojects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-11%
5 Years:-8%
3 Years:-6%
TTM:-65%
Compounded Profit Growth
10 Years:-17%
5 Years:-25%
3 Years:-15%
TTM:48%
Stock Price CAGR
10 Years:%
5 Years:-9%
3 Years:-45%
1 Year:-29%
Return on Equity
10 Years:-2%
5 Years:-13%
3 Years:-28%
Last Year:1%

Last Updated: September 5, 2025, 2:05 am

Balance Sheet

Last Updated: December 10, 2025, 2:32 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2.782.782.782.7815.6715.6715.6715.6715.6715.6715.6715.6715.67
Reserves 14.3916.2818.5624.7639.0639.8540.9541.1641.6712.9013.1113.4113.55
Borrowings 22.3421.8438.3442.5946.0254.4745.9046.6941.0374.9274.8270.8864.06
Other Liabilities 25.6031.7843.2536.1839.3936.0228.9728.3031.6732.6051.4244.2141.43
Total Liabilities 65.1172.68102.93106.31140.14146.01131.49131.82130.04136.09155.02144.17134.71
Fixed Assets 9.729.4620.4325.5823.4919.2015.1612.8710.887.676.455.755.39
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.470.920.740.770.040.040.040.010.010.450.010.010.45
Other Assets 54.9262.3081.7679.96116.61126.77116.29118.94119.15127.97148.56138.41128.87
Total Assets 65.1172.68102.93106.31140.14146.01131.49131.82130.04136.09155.02144.17134.71

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.976.376.077.402.57-1.449.873.7119.30-35.06-3.89-2.32
Cash from Investing Activity + -6.62-1.48-12.204.93-5.890.074.351.05-3.924.160.690.86
Cash from Financing Activity + 7.61-3.8011.25-13.874.36-2.63-13.94-4.25-12.4028.205.83-1.86
Net Cash Flow 0.021.095.12-1.551.04-4.000.280.512.99-2.702.63-3.32
Free Cash Flow -7.615.33-6.32-0.182.44-0.3311.243.8019.28-33.07-3.89-2.36
CFO/OP -17%106%83%76%33%-15%116%64%248%140%-194%-7,733%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-18.70-14.85-29.82-30.95-24.68-45.05-37.38-40.18-33.26-99.91-72.81-70.85

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 52.2754.5849.8243.9372.31162.61240.01287.25249.07165.72168.51428.61
Inventory Days 50.6566.03189.19258.63413.46347.50113.48100.91294.26
Days Payable 23.7833.0856.5152.39102.51117.4634.0267.29126.60
Cash Conversion Cycle 52.2754.5849.8270.79105.27295.29446.25598.20479.12245.18202.13596.27
Working Capital Days 126.3434.4849.4137.0450.79137.29198.38263.77214.5829.6623.32102.41
ROCE %9.59%14.72%14.46%14.82%22.04%8.46%7.14%7.86%6.67%-24.20%0.73%0.49%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Sep 2023Mar 2024Dec 2024Mar 2025Sep 2025
Promoters 35.88%35.88%17.48%1.04%1.04%1.04%
Public 64.12%64.12%82.52%98.96%98.96%98.96%
No. of Shareholders 8128001,1171,4011,4141,415

Shareholding Pattern Chart

No. of Shareholders

CMM Infraprojects Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.190.14-18.360.330.13
Diluted EPS (Rs.) 0.190.14-18.360.330.13
Cash EPS (Rs.) 0.661.19-15.381.611.48
Book Value[Excl.RevalReserv]/Share (Rs.) 18.5618.3618.2336.5936.26
Book Value[Incl.RevalReserv]/Share (Rs.) 18.5618.3618.2336.5936.26
Revenue From Operations / Share (Rs.) 29.4184.9868.7035.7233.13
PBDIT / Share (Rs.) 0.781.55-14.445.586.44
PBIT / Share (Rs.) 0.310.48-17.414.295.09
PBT / Share (Rs.) 0.220.41-18.560.290.98
Net Profit / Share (Rs.) 0.190.13-18.360.320.12
PBDIT Margin (%) 2.661.82-21.0115.6019.44
PBIT Margin (%) 1.070.57-25.3412.0115.37
PBT Margin (%) 0.750.48-27.000.812.98
Net Profit Margin (%) 0.660.15-26.720.910.38
Return on Networth / Equity (%) 1.050.73-100.710.890.35
Return on Capital Employeed (%) 0.941.51-61.709.1811.05
Return On Assets (%) 0.210.13-21.140.390.15
Long Term Debt / Equity (X) 0.310.320.320.140.12
Total Debt / Equity (X) 2.442.602.620.710.67
Asset Turnover Ratio (%) 0.000.000.800.420.39
Current Ratio (X) 1.191.161.151.751.77
Quick Ratio (X) 0.800.810.730.960.94
Inventory Turnover Ratio (X) 0.000.002.860.000.00
Interest Coverage Ratio (X) 8.3019.94-12.601.391.57
Interest Coverage Ratio (Post Tax) (X) 3.062.74-15.031.081.03
Enterprise Value (Cr.) 0.0069.4576.4144.8240.50
EV / Net Operating Revenue (X) 0.000.520.700.800.77
EV / EBITDA (X) 0.0028.65-3.385.134.01
MarketCap / Net Operating Revenue (X) 0.000.010.060.230.14
Price / BV (X) 0.000.080.230.230.13
Price / Net Operating Revenue (X) 0.000.010.060.230.14
EarningsYield 0.000.08-4.270.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

CMM Infraprojects Ltd. is a Public Limited Listed company incorporated on 27/03/2006 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN) is L45201MP2006PLC018506 and registration number is 018506. Currently Company is involved in the business activities of Construction roads and railways. Company's Total Operating Revenue is Rs. 46.10 Cr. and Equity Capital is Rs. 15.67 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringNo.108, Shalimar Corporate Centre, Indore Madhya Pradesh 452001Contact not found
Management
NamePosition Held
Mr. Kishan MundraChairman & Managing Director
Mrs. Laxmi Devi MundraWhole Time Director
Mrs. Samta MundraWhole Time Director
Mr. Pranjal DubeyIndependent Director

FAQ

What is the intrinsic value of CMM Infraprojects Ltd and is it undervalued?

As of 09 April 2026, CMM Infraprojects Ltd's intrinsic value is ₹13.38, which is 586.15% higher than the current market price of ₹1.95, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.07 %), book value (₹18.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of CMM Infraprojects Ltd?

CMM Infraprojects Ltd is trading at ₹1.95 as of 09 April 2026, with a FY2026-2027 high of ₹1.95 and low of ₹1.75. The stock is currently near its 52-week high. Market cap stands at ₹3.06 Cr..

How does CMM Infraprojects Ltd's P/E ratio compare to its industry?

CMM Infraprojects Ltd has a P/E ratio of 4.31, which is below the industry average of 36.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is CMM Infraprojects Ltd financially healthy?

Key indicators for CMM Infraprojects Ltd: ROCE of 0.49 % is on the lower side compared to the industry average of 16.37%; ROE of 1.07 % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is CMM Infraprojects Ltd profitable and how is the profit trend?

CMM Infraprojects Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹46 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does CMM Infraprojects Ltd pay dividends?

CMM Infraprojects Ltd has a dividend yield of 0.00 % at the current price of ₹1.95. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CMM Infraprojects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE