Fundamental Analysis of MEP Infrastructure Developers Ltd

About the Company - MEP Infrastructure Developers Ltd

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.

INDUSTRY	ADDRESS	CONTACT
Road Infrastructure	2102, Floor-21st, Plot-62, Kesar Equinox, Mumbai Maharashtra 400014	investorrelations@mepinfra.com www.mepinfra.com

Management
Name	Position Held
Mr. Jayant D Mhaiskar	Chairman & Managing Director
Mrs. Anuya J Mhaiskar	Non Exe.Non Ind.Director
Mr. Deepak Gadgil	Whole Time Director
Mr. Prakash Naringrekar	Independent Director
Mr. Neeraj Hardikar	Independent Director
Mr. Anand Desai	Independent Director

Basic Stock Data of MEP Infrastructure Developers Ltd

Last Updated: July 26, 2024, 10:21 pm

Market Cap	121 Cr.
Current Price	6.66
High / Low	22.2/6.26
Stock P/E
Book Value	21.6
Dividend Yield	0.00 %
ROCE	20.9 %
ROE	%
Face Value	10.0
PEG Ratio	0.00

Data Source: screener.in

Competitors of MEP Infrastructure Developers Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Noida Toll Bridge Company Ltd	232 Cr.	12.4	15.6/5.71		11.0	0.00 %	11.0 %	14.4 %	10.0
MEP Infrastructure Developers Ltd	121 Cr.	6.66	22.2/6.26		21.6	0.00 %	20.9 %	%	10.0
Industry Average	232.00 Cr	12.40		0	11.00	0.00%	11.00%	14.40%	10.00

MEP Infrastructure Developers Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	282	282	277	217	240	234	150	81	2	11	6	13	19
Expenses	181	166	134	131	111	292	165	100	52	97	58	49	48
Operating Profit	101	116	143	86	129	-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	-64	17	7	3	50	17	13	15	30	24	11	-68
Interest	89	82	72	75	69	74	26	19	15	6	14	24	16
Depreciation	49	49	65	60	63	69	40	19	2	2	2	1	1
Profit before tax	91	-79	24	-41	1	-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	-85	3	-53	-13	-163	-64	-45	-52	-63	-42	-52	-116
EPS in Rs	4.87	-5.00	0.28	-2.81	-0.66	-8.83	-3.47	-2.46	-2.69	-3.16	-2.26	-2.82	-6.32

Last Updated: July 11, 2024, 9:02 am

MEP Infrastructure Developers Ltd Quarterly Chart

MEP Infrastructure Developers Ltd Profit & Loss

Last Updated: July 10, 2024, 7:43 pm

Month	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
Sales	1,080	1,280	1,198	2,009	1,905	1,729	2,322	2,815	2,056	1,123	967	245	33
Expenses	731	915	886	1,564	374	440	1,449	1,855	1,699	675	673	406	255
Operating Profit	349	365	312	445	1,531	1,289	873	960	358	448	295	-162	-222
OPM %	32%	29%	26%	22%	80%	75%	38%	34%	17%	40%	30%	-66%	-675%
Other Income	56	22	42	31	71	244	125	94	406	97	78	68	81
Interest	377	376	380	404	642	493	470	464	414	343	289	67	59
Depreciation	95	99	130	180	1,012	868	419	494	392	253	256	63	6
Profit before tax	-66	-88	-156	-107	-52	172	109	95	-43	-51	-172	-224	-206
Tax %	19%	-5%	15%	-7%	30%	37%	35%	41%	-99%	-50%	-31%	-0%
Net Profit	-53	-93	-128	-115	-37	109	71	56	-86	-77	-225	-225	-208
EPS in Rs	-4.77	-9.29	-12.92	-10.34	-2.25	6.70	4.37	3.07	-4.21	-4.18	-12.02	-11.78	-10.92
Dividend Payout %	0%	0%	0%	0%	-9%	4%	7%	10%	0%	0%	0%	0%

MEP Infrastructure Developers Ltd Profit & Loss Yearly Chart

MEP Infrastructure Developers Ltd 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:	-28%
3 Years:	-35%
1 Year:	-49%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: July 24, 2024, 5:23 pm

MEP Infrastructure Developers Ltd Balance Sheet

Last Updated: July 10, 2024, 7:43 pm

Month	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	7	-85	-188	-338	-275	-170	-103	82	-2	-79	-298	-673	-584
Borrowings	3,150	3,089	3,220	3,336	3,053	2,958	3,032	2,768	2,431	2,303	2,097	414	392
Other Liabilities	74	171	402	526	2,494	1,946	1,847	2,174	2,286	2,346	1,723	3,283	3,210
Total Liabilities	3,331	3,274	3,534	3,636	5,435	4,896	4,939	5,207	4,899	4,753	3,706	3,207	3,205
Fixed Assets	2,207	2,151	2,364	2,156	3,588	2,465	2,479	2,082	1,478	1,265	1,124	45	39
CWIP	0	0	6	16	7	28	27	26	0	0	0	0	0
Investments	3	3	1	32	22	166	240	280	332	317	85	65	53
Other Assets	1,121	1,120	1,164	1,431	1,818	2,237	2,193	2,819	3,090	3,171	2,496	3,097	3,113
Total Assets	3,331	3,274	3,534	3,636	5,435	4,896	4,939	5,207	4,899	4,753	3,706	3,207	3,205

MEP Infrastructure Developers Ltd Reserves and Borrowings Chart

MEP Infrastructure Developers Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	281	743	470	276	453	463	710	503	767	547	306	378
Cash from Investing Activity	108	-350	-48	-87	-73	-57	-373	-19	-31	-72	113	-16
Cash from Financing Activity	-375	-393	-396	-216	-374	-426	-338	-482	-743	-497	-415	-361
Net Cash Flow	14	-0	25	-27	6	-20	-1	2	-6	-22	4	1

MEP Infrastructure Developers Ltd Financial Efficiency Indicators

Month	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	11	9	5	0	7	14	11	7	22	1	31
Inventory Days
Days Payable
Cash Conversion Cycle	2	11	9	5	0	7	14	11	7	22	1	31
Working Capital Days	201	-30	-93	-58	-267	-144	-118	-67	-97	-33	-145	-463
ROCE %	9%	9%	7%	10%	20%	17%	19%	19%	5%	14%	3%	-21%

MEP Infrastructure Developers Ltd Financial Efficiency Indicators Chart

MEP Infrastructure Developers Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	61.98%	61.98%	58.25%	58.16%	57.90%	44.00%	43.46%	42.36%	41.27%	39.39%	39.12%	32.41%
FIIs	3.73%	3.71%	3.89%	4.11%	3.83%	4.33%	4.05%	4.00%	3.95%	3.91%	3.76%	3.59%
DIIs	7.42%	7.42%	7.81%	5.90%	5.30%	5.25%	5.17%	5.14%	5.60%	5.50%	5.37%	10.01%
Public	26.87%	26.89%	30.05%	31.83%	32.97%	46.41%	47.32%	48.50%	49.17%	51.19%	51.76%	54.00%
No. of Shareholders	21,449	21,648	23,598	25,614	26,082	28,396	27,805	27,815	28,089	30,725	32,347	32,933

MEP Infrastructure Developers Ltd Shareholding Pattern Chart

No. of MEP Infrastructure Developers Ltd Shareholders

MEP Infrastructure Developers Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Balanced Advantage Fund - Regular Plan	8,083,148	0.02	10.39	8,083,148	2024-07-20	0%

MEP Infrastructure Developers Ltd ROCE Trend

MEP Infrastructure Developers Ltd EPS Trend

MEP Infrastructure Developers Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-12.24	-12.29	-4.19	-4.70	3.05
Diluted EPS (Rs.)	-12.24	-12.29	-4.19	-4.70	3.05
Cash EPS (Rs.)	-7.70	13.06	10.51	14.51	29.84
Book Value[Excl.RevalReserv]/Share (Rs.)	-25.44	-5.79	6.40	10.59	14.47
Book Value[Incl.RevalReserv]/Share (Rs.)	-25.44	-5.79	6.40	10.59	14.47
Revenue From Operations / Share (Rs.)	13.33	52.73	61.23	112.10	153.44
PBDIT / Share (Rs.)	-6.38	29.35	34.38	27.11	58.97
PBIT / Share (Rs.)	-9.82	15.39	20.60	5.72	32.04
PBT / Share (Rs.)	-13.46	1.99	-1.87	-4.54	5.04
Net Profit / Share (Rs.)	-11.14	-0.89	-3.27	-6.87	2.91
NP After MI And SOA / Share (Rs.)	-11.78	-12.02	-4.18	-4.21	3.07
PBDIT Margin (%)	-47.87	55.66	56.14	24.18	38.43
PBIT Margin (%)	-73.67	29.19	33.64	5.10	20.88
PBT Margin (%)	-100.93	3.78	-3.05	-4.04	3.28
Net Profit Margin (%)	-83.53	-1.69	-5.34	-6.13	1.89
NP After MI And SOA Margin (%)	-88.36	-22.80	-6.82	-3.75	1.99
Return on Networth / Equity (%)	0.00	0.00	-73.27	-42.58	21.19
Return on Capital Employeed (%)	44.05	28.42	21.41	5.37	21.19
Return On Assets (%)	-6.73	-5.87	-1.60	-1.57	1.08
Long Term Debt / Equity (X)	-0.11	-9.02	15.27	9.45	8.07
Total Debt / Equity (X)	-0.87	-18.28	16.43	10.11	8.40
Asset Turnover Ratio (%)	0.07	0.05	0.09	0.33	0.49
Current Ratio (X)	0.81	0.49	0.88	0.80	0.79
Quick Ratio (X)	0.81	0.49	0.87	0.80	0.79
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	-7.12	9.77
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	1.74	1.00
Earning Retention Ratio (%)	0.00	0.00	0.00	107.12	90.23
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	98.26	99.00
Interest Coverage Ratio (X)	-1.76	1.86	1.84	1.20	2.33
Interest Coverage Ratio (Post Tax) (X)	-2.71	0.79	1.03	0.14	1.18
Enterprise Value (Cr.)	607.41	2402.62	1974.12	1977.61	2882.33
EV / Net Operating Revenue (X)	2.48	2.48	1.76	0.96	1.02
EV / EBITDA (X)	-5.19	4.46	3.13	3.98	2.66
MarketCap / Net Operating Revenue (X)	0.87	0.36	0.25	0.10	0.27
Retention Ratios (%)	0.00	0.00	0.00	107.12	90.22
Price / BV (X)	-0.46	-3.09	2.79	1.23	2.88
Price / Net Operating Revenue (X)	0.87	0.36	0.25	0.10	0.27
EarningsYield	-1.01	-0.62	-0.26	-0.34	0.07

MEP Infrastructure Developers Ltd Profitability Ratios (%)

MEP Infrastructure Developers Ltd Liquidity Ratios

MEP Infrastructure Developers Ltd Liquidity Ratios (%)

MEP Infrastructure Developers Ltd Interest Coverage Ratios (%)

MEP Infrastructure Developers Ltd Valuation Ratios

Fair Value

Fair Value: 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.

Undervalued: 644.32% compared to the current price 6.66

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

Intrinsic Value: 32.95

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 394.71% compared to the current price 6.66

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

Last 5 Year EPS CAGR: -33.54%

*Investments are subject to market risks

Strength and Weakness of MEP Infrastructure Developers Ltd Stock

Strength	Weakness
The stock has a low average Working Capital Days of -109.50, which is a positive sign.	The stock has a low average ROCE of 9.25%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 10.00, which may not be favorable. The company has higher borrowings (2,480.23) compared to reserves (-208.15), which may suggest financial risk. The company has not shown consistent growth in sales (96.85) and profit (-60.69).

FAQ

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

The latest fair value of MEP Infrastructure Developers Ltd is ₹49.57.

What is the Market Cap of MEP Infrastructure Developers Ltd?

The Market Cap of MEP Infrastructure Developers Ltd is 121 Cr..

What is the current Stock Price of MEP Infrastructure Developers Ltd as on 27 July 2024?

The current stock price of MEP Infrastructure Developers Ltd as on 27 July 2024 is 6.66.

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 22.2/6.26.

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.