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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 539126 | NSE: MEP

MEP Infrastructure Developers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 6:47 pm

Market Cap 71.7 Cr.
Current Price 3.90
High / Low22.2/2.94
Stock P/E
Book Value 21.6
Dividend Yield0.00 %
ROCE20.9 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for MEP Infrastructure Developers Ltd

Competitors of MEP Infrastructure Developers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Noida Toll Bridge Company Ltd 290 Cr. 15.617.1/7.41 10.40.00 %11.0 %14.4 % 10.0
MEP Infrastructure Developers Ltd 71.7 Cr. 3.9022.2/2.94 21.60.00 %20.9 %% 10.0
BF Utilities Ltd 3,598 Cr. 9551,129/55726.1 5.030.00 %25.7 %% 5.00
Industry Average1,944.00 Cr324.8326.1012.340.00%19.20%14.40%8.33

All Competitor Stocks of MEP Infrastructure Developers Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2822822772172402341508121161319
Expenses1811661341311112921651005297584948
Operating Profit10111614386129-58-15-19-50-86-52-35-29
OPM %36%41%51%40%54%-25%-10%-23%-1,991%-802%-816%-262%-155%
Other Income128-64177350171315302411-68
Interest8982727569742619156142416
Depreciation494965606369401922211
Profit before tax91-7924-411-151-64-45-52-63-42-49-113
Tax %7%8%69%29%2,122%8%0%1%-0%0%-2%6%3%
Net Profit85-853-53-13-163-64-45-52-63-42-52-116
EPS in Rs4.87-5.000.28-2.81-0.66-8.83-3.47-2.46-2.69-3.16-2.26-2.82-6.32

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0801,2801,1982,0091,9051,7292,3222,8152,0561,12396724549
Expenses7319158861,5643744401,4491,8551,699675673406251
Operating Profit3493653124451,5311,289873960358448295-162-202
OPM %32%29%26%22%80%75%38%34%17%40%30%-66%-411%
Other Income562242317124412594406977868-2
Interest3773763804046424934704644143432896760
Depreciation95991301801,012868419494392253256634
Profit before tax-66-88-156-107-5217210995-43-51-172-224-267
Tax %-19%5%-15%7%-30%37%35%41%99%50%31%0%
Net Profit-53-93-128-115-371097156-86-77-225-225-273
EPS in Rs-4.77-9.29-12.92-10.34-2.256.704.373.07-4.21-4.18-12.02-11.78-14.56
Dividend Payout %0%0%0%0%-9%4%7%10%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-75.47%-37.63%10.16%67.83%394.59%-34.86%-21.13%-253.57%10.47%-192.21%0.00%
Change in YoY Net Profit Growth (%)0.00%37.84%47.79%57.67%326.77%-429.46%13.74%-232.44%264.04%-202.67%192.21%

MEP Infrastructure Developers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-15%
5 Years:-36%
3 Years:-51%
TTM:-90%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-3%
TTM:38%
Stock Price CAGR
10 Years:%
5 Years:-38%
3 Years:-43%
1 Year:-70%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:32 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital100100100111163163163183183183183183186
Reserves7-85-188-338-275-170-10382-2-79-298-673-584
Borrowings3,1503,0893,2203,3363,0532,9583,0322,7682,4312,3032,097414392
Other Liabilities741714025262,4941,9461,8472,1742,2862,3461,7233,2833,210
Total Liabilities3,3313,2743,5343,6365,4354,8964,9395,2074,8994,7533,7063,2073,205
Fixed Assets2,2072,1512,3642,1563,5882,4652,4792,0821,4781,2651,1244539
CWIP00616728272600000
Investments3313222166240280332317856553
Other Assets1,1211,1201,1641,4311,8182,2372,1932,8193,0903,1712,4963,0973,113
Total Assets3,3313,2743,5343,6365,4354,8964,9395,2074,8994,7533,7063,2073,205

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity +281743470276453463710503767547306378
Cash from Investing Activity +108-350-48-87-73-57-373-19-31-72113-16
Cash from Financing Activity +-375-393-396-216-374-426-338-482-743-497-415-361
Net Cash Flow14-025-276-20-12-6-2241

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow346.00362.00309.00442.00-2.00-1.00870.00958.00356.00446.00293.00-576.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days21195071411722131
Inventory Days
Days Payable
Cash Conversion Cycle21195071411722131
Working Capital Days201-30-93-58-267-144-118-67-97-33-145-463
ROCE %9%9%7%10%20%17%19%19%5%14%3%-21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters58.25%58.16%57.90%44.00%43.46%42.36%41.27%39.39%39.12%32.41%30.99%30.64%
FIIs3.89%4.11%3.83%4.33%4.05%4.00%3.95%3.91%3.76%3.59%3.57%0.44%
DIIs7.81%5.90%5.30%5.25%5.17%5.14%5.60%5.50%5.37%10.01%6.36%6.36%
Public30.05%31.83%32.97%46.41%47.32%48.50%49.17%51.19%51.76%54.00%59.07%62.55%
No. of Shareholders23,59825,61426,08228,39627,80527,81528,08930,72532,34732,93334,84334,330

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan8,083,1480.016.228,083,1482024-11-180%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-12.24-12.29-4.19-4.703.05
Diluted EPS (Rs.)-12.24-12.29-4.19-4.703.05
Cash EPS (Rs.)-7.7013.0610.5114.5129.84
Book Value[Excl.RevalReserv]/Share (Rs.)-25.44-5.796.4010.5914.47
Book Value[Incl.RevalReserv]/Share (Rs.)-25.44-5.796.4010.5914.47
Revenue From Operations / Share (Rs.)13.3352.7361.23112.10153.44
PBDIT / Share (Rs.)-6.3829.3534.3827.1158.97
PBIT / Share (Rs.)-9.8215.3920.605.7232.04
PBT / Share (Rs.)-13.461.99-1.87-4.545.04
Net Profit / Share (Rs.)-11.14-0.89-3.27-6.872.91
NP After MI And SOA / Share (Rs.)-11.78-12.02-4.18-4.213.07
PBDIT Margin (%)-47.8755.6656.1424.1838.43
PBIT Margin (%)-73.6729.1933.645.1020.88
PBT Margin (%)-100.933.78-3.05-4.043.28
Net Profit Margin (%)-83.53-1.69-5.34-6.131.89
NP After MI And SOA Margin (%)-88.36-22.80-6.82-3.751.99
Return on Networth / Equity (%)0.000.00-73.27-42.5821.19
Return on Capital Employeed (%)44.0528.4221.415.3721.19
Return On Assets (%)-6.73-5.87-1.60-1.571.08
Long Term Debt / Equity (X)-0.11-9.0215.279.458.07
Total Debt / Equity (X)-0.87-18.2816.4310.118.40
Asset Turnover Ratio (%)0.070.050.090.330.49
Current Ratio (X)0.810.490.880.800.79
Quick Ratio (X)0.810.490.870.800.79
Dividend Payout Ratio (NP) (%)0.000.000.00-7.129.77
Dividend Payout Ratio (CP) (%)0.000.000.001.741.00
Earning Retention Ratio (%)0.000.000.00107.1290.23
Cash Earning Retention Ratio (%)0.000.000.0098.2699.00
Interest Coverage Ratio (X)-1.761.861.841.202.33
Interest Coverage Ratio (Post Tax) (X)-2.710.791.030.141.18
Enterprise Value (Cr.)607.412402.621974.121977.612882.33
EV / Net Operating Revenue (X)2.482.481.760.961.02
EV / EBITDA (X)-5.194.463.133.982.66
MarketCap / Net Operating Revenue (X)0.870.360.250.100.27
Retention Ratios (%)0.000.000.00107.1290.22
Price / BV (X)-0.46-3.092.791.232.88
Price / Net Operating Revenue (X)0.870.360.250.100.27
EarningsYield-1.01-0.62-0.26-0.340.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MEP Infrastructure Developers Ltd as of November 24, 2024 is: 49.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, MEP Infrastructure Developers Ltd is Undervalued by 1,171.03% compared to the current share price 3.90

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of MEP Infrastructure Developers Ltd as of November 24, 2024 is: 30.49

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, MEP Infrastructure Developers Ltd is Undervalued by 681.79% compared to the current share price 3.90

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: -38.48%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -109.50, which is a positive sign.
  1. The stock has a low average ROCE of 9.25%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 10.00, which may not be favorable.
  3. The company has higher borrowings (2,480.23) compared to reserves (-208.15), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (98.08) and profit (-65.38).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in MEP Infrastructure Developers Ltd:
    1. Net Profit Margin: -83.53%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 44.05% (Industry Average ROCE: 19.2%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 14.4%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -2.71
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.81
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 26.1)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: -0.87
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

MEP Infrastructure Developers Ltd. is a Public Limited Listed company incorporated on 08/08/2002 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45200MH2002PLC136779 and registration number is 136779. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company’s Total Operating Revenue is Rs. 194.18 Cr. and Equity Capital is Rs. 183.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Road Infrastructure2102, Floor-21st, Plot-62, Kesar Equinox, Mumbai Maharashtra 400014investorrelations@mepinfra.com
www.mepinfra.com
Management
NamePosition Held
Mr. Jayant D MhaiskarChairman & Managing Director
Mrs. Anuya J MhaiskarNon Exe.Non Ind.Director
Mr. Deepak GadgilWhole Time Director
Mr. Prakash NaringrekarIndependent Director
Mr. Neeraj HardikarIndependent Director
Mr. Anand DesaiIndependent Director

FAQ

What is the latest intrinsic value of MEP Infrastructure Developers Ltd?

The latest intrinsic value of MEP Infrastructure Developers Ltd as on 19 November 2024 is ₹49.57, which is 1171.03% higher than the current market price of ₹3.90.

What is the Market Cap of MEP Infrastructure Developers Ltd?

The Market Cap of MEP Infrastructure Developers Ltd is 71.7 Cr..

What is the current Stock Price of MEP Infrastructure Developers Ltd as on 19 November 2024?

The current stock price of MEP Infrastructure Developers Ltd as on 19 November 2024 is ₹3.90.

What is the High / Low of MEP Infrastructure Developers Ltd stocks in FY 2024?

In FY 2024, the High / Low of MEP Infrastructure Developers Ltd stocks is 22.2/2.94.

What is the Stock P/E of MEP Infrastructure Developers Ltd?

The Stock P/E of MEP Infrastructure Developers Ltd is .

What is the Book Value of MEP Infrastructure Developers Ltd?

The Book Value of MEP Infrastructure Developers Ltd is 21.6.

What is the Dividend Yield of MEP Infrastructure Developers Ltd?

The Dividend Yield of MEP Infrastructure Developers Ltd is 0.00 %.

What is the ROCE of MEP Infrastructure Developers Ltd?

The ROCE of MEP Infrastructure Developers Ltd is 20.9 %.

What is the ROE of MEP Infrastructure Developers Ltd?

The ROE of MEP Infrastructure Developers Ltd is %.

What is the Face Value of MEP Infrastructure Developers Ltd?

The Face Value of MEP Infrastructure Developers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 MEP Infrastructure Developers 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