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Last Updated: April 2, 2026, 3:20 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539126 | NSE: MEP

MEP Infrastructure Developers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹39.84Undervalued by 4,587.06%vs CMP ₹0.85

P/E (15.0) × ROE (15.0%) × BV (₹21.70) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹17.82Undervalued by 1,996.47%vs CMP ₹0.85
MoS: +95.2% (Strong)Confidence: 50/100 (Moderate)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹24.5163%Under (+2783.5%)
Revenue MultipleRevenue₹6.6738%Under (+684.7%)
Consensus (2 models)₹17.82100%Undervalued
Key Drivers: EPS CAGR -38.5% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -38.5% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

42
MEP Infrastructure Developers Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 20.7% ExcellentROE 0.0% WeakD/E 8.40 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 0.89% MF sellingPromoter holding at 26.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (29% → -18%) DecliningWorking capital: -998 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -90% YoY DecliningOPM: -155.0% (up 1,836.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
ROCE 20.7% vs industry 19.7% Average3Y sales CAGR: -51% 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.

MEP Infrastructure Developers Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 5.9 | ROCE 20.7% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 8.40x | IntCov 0.0x | Current 0.79x | Borrow/Reserve N/A
Cash Flow Reliability
86/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-225 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII -0.89 pp | Prom +0.08 pp
Business Momentum
+100
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +46.2% | Q NP -123.1% | Q OPM +107.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+1,996.5%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change-0.89 ppLatest DII% minus previous DII%
Promoter Change+0.08 ppLatest promoter% minus previous promoter%
Shareholder Count Change-389Latest shareholder count minus previous count
Quarterly Sales Change+46.2%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-123.1%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+107.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:20 am

Market Cap 15.6 Cr.
Current Price 0.85
Intrinsic Value₹17.82
High / Low 2.90/0.85
Stock P/E
Book Value 21.7
Dividend Yield0.00 %
ROCE20.7 %
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

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Noida Toll Bridge Company Ltd 58.3 Cr. 3.13 5.65/2.762.13 1.710.00 %8.55 %14.3 % 10.0
MEP Infrastructure Developers Ltd 15.6 Cr. 0.85 2.90/0.85 21.70.00 %20.7 %% 10.0
BF Utilities Ltd 1,470 Cr. 390 899/3699.63 53.50.00 %29.9 %113 % 5.00
Industry Average1,470.00 Cr131.335.8825.640.00%19.72%63.65%8.33

All Competitor Stocks of MEP Infrastructure Developers Ltd

Quarterly Result

MetricDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales 2822822772172402341508121161319
Expenses 1811661341311112921651005297584948
Operating Profit 10111614386129-58-15-19-50-86-52-35-29
OPM % 36%41%51%40%54%-25%-10%-23%-1,991%-802%-816%-262%-155%
Other Income 128-64177350171315302411-68
Interest 8982727569742619156142416
Depreciation 494965606369401922211
Profit before tax 91-7924-411-151-64-45-52-63-42-49-113
Tax % 7%8%69%29%2,122%8%0%1%-0%0%-2%6%3%
Net Profit 85-853-53-13-163-64-45-52-63-42-52-116
EPS in Rs 4.87-5.000.28-2.81-0.66-8.83-3.47-2.46-2.69-3.16-2.26-2.82-6.33

Last Updated: February 5, 2026, 12:40 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:16 am

MetricMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales 1,0801,2801,1982,0091,9051,7292,3222,8152,0561,12396724549
Expenses 7319158861,5643744401,4491,8551,699675673406251
Operating Profit 3493653124451,5311,289873960358448295-162-202
OPM % 32%29%26%22%80%75%38%34%17%40%30%-66%-411%
Other Income 562242317124412594406977868-2
Interest 3773763804046424934704644143432896760
Depreciation 95991301801,012868419494392253256634
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 -4.77-9.29-12.92-10.34-2.256.704.373.07-4.21-4.18-12.02-11.78-14.57
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:-29%
5 Years:-39%
3 Years:-55%
1 Year:-79%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: January 13, 2025, 3:14 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital 100100100111163163163183183183183183186
Reserves 7-85-188-338-275-170-10382-2-79-298-650-584
Borrowings 3,1503,0893,2203,3363,0532,9583,0322,7682,4312,3032,097414392
Other Liabilities 741714025262,4941,9461,8472,1742,2862,3461,7233,2593,210
Total Liabilities 3,3313,2743,5343,6365,4354,8964,9395,2074,8994,7533,7063,2073,205
Fixed Assets 2,2072,1512,3642,1563,5882,4652,4792,0821,4781,2651,1244539
CWIP 00616728272600000
Investments 3313222166240280332317856553
Other Assets 1,1211,1201,1641,4311,8182,2372,1932,8193,0903,1712,4963,0973,113
Total Assets 3,3313,2743,5343,6365,4354,8964,9395,2074,8994,7533,7063,2073,205

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 Flow 14-025-276-20-12-6-2241
Free Cash Flow 233700454249364484320522758518310381
CFO/OP 84%204%153%71%31%39%83%57%230%111%89%-233%

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 Days 21195071411722131
Inventory Days
Days Payable
Cash Conversion Cycle 21195071411722131
Working Capital Days 201-41-135-96-314-186-138-78-118-263-546-998
ROCE %9%9%7%10%20%17%19%19%5%14%3%-21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 42.36%41.27%39.39%39.12%32.41%30.99%30.64%28.22%28.22%26.76%25.87%25.95%
FIIs 4.00%3.95%3.91%3.76%3.59%3.57%0.44%0.44%0.12%0.12%0.12%0.12%
DIIs 5.14%5.60%5.50%5.37%10.01%6.36%7.25%5.84%5.30%5.30%5.30%4.41%
Public 48.50%49.17%51.19%51.76%54.00%59.07%61.66%65.48%66.36%67.82%68.72%69.51%
No. of Shareholders 27,81528,08930,72532,34732,93334,84334,33034,83034,56534,24933,93033,541

Shareholding Pattern Chart

No. of Shareholders

MEP Infrastructure Developers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund 8,083,148 0 0.01N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue 10.0010.0010.0010.0010.00
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

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. 50.46 Cr. and Equity Capital is Rs. 186.20 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Road Infrastructure2102, Floor-21st, Plot-62, Kesar Equinox, Mumbai Maharashtra 400014Contact not found
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 intrinsic value of MEP Infrastructure Developers Ltd and is it undervalued?

As of 05 April 2026, MEP Infrastructure Developers Ltd's intrinsic value is ₹17.82, which is 1996.47% higher than the current market price of ₹0.85, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹21.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of MEP Infrastructure Developers Ltd?

MEP Infrastructure Developers Ltd is trading at ₹0.85 as of 05 April 2026, with a FY2026-2027 high of ₹2.90 and low of ₹0.85. The stock is currently near its 52-week low. Market cap stands at ₹15.6 Cr..

How does MEP Infrastructure Developers Ltd's P/E ratio compare to its industry?

MEP Infrastructure Developers Ltd has a P/E ratio of , which is below the industry average of 5.88. This is broadly in line with or below the industry average.

Is MEP Infrastructure Developers Ltd financially healthy?

Key indicators for MEP Infrastructure Developers Ltd: ROCE of 20.7 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 63.65%). Dividend yield is 0.00 %.

Is MEP Infrastructure Developers Ltd profitable and how is the profit trend?

MEP Infrastructure Developers Ltd reported a net profit of ₹-225 Cr in Mar 2023 on revenue of ₹245 Cr. Compared to ₹-86 Cr in Mar 2020, the net profit shows a mixed trend.

Does MEP Infrastructure Developers Ltd pay dividends?

MEP Infrastructure Developers Ltd has a dividend yield of 0.00 % at the current price of ₹0.85. 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 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
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