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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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.
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

Basic Stock Data of MEP Infrastructure Developers Ltd

Last Updated: July 24, 2024, 10:53 pm

Market Cap 117 Cr.
Current Price 6.41
High / Low22.2/6.26
Stock P/E
Book Value 21.6
Dividend Yield0.00 %
ROCE20.9 %
ROE%
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of MEP Infrastructure Developers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Noida Toll Bridge Company Ltd 226 Cr. 12.215.6/5.71 11.00.00 %11.0 %14.4 % 10.0
MEP Infrastructure Developers Ltd 117 Cr. 6.4122.2/6.26 21.60.00 %20.9 %% 10.0
Industry Average226.00 Cr12.20011.000.00%11.00%14.40%10.00

MEP Infrastructure Developers Ltd Quarterly Results

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: 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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0801,2801,1982,0091,9051,7292,3222,8152,0561,12396724533
Expenses7319158861,5643744401,4491,8551,699675673406255
Operating Profit3493653124451,5311,289873960358448295-162-222
OPM %32%29%26%22%80%75%38%34%17%40%30%-66%-675%
Other Income56224231712441259440697786881
Interest3773763804046424934704644143432896759
Depreciation95991301801,012868419494392253256636
Profit before tax-66-88-156-107-5217210995-43-51-172-224-206
Tax %19%-5%15%-7%30%37%35%41%-99%-50%-31%-0%
Net Profit-53-93-128-115-371097156-86-77-225-225-208
EPS in Rs-4.77-9.29-12.92-10.34-2.256.704.373.07-4.21-4.18-12.02-11.78-10.92
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

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

MEP Infrastructure Developers Ltd Reserves and Borrowings Chart

MEP Infrastructure Developers Ltd 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

MEP Infrastructure Developers Ltd 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%

MEP Infrastructure Developers Ltd Financial Efficiency Indicators Chart

MEP Infrastructure Developers Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters61.98%61.98%58.25%58.16%57.90%44.00%43.46%42.36%41.27%39.39%39.12%32.41%
FIIs3.73%3.71%3.89%4.11%3.83%4.33%4.05%4.00%3.95%3.91%3.76%3.59%
DIIs7.42%7.42%7.81%5.90%5.30%5.25%5.17%5.14%5.60%5.50%5.37%10.01%
Public26.87%26.89%30.05%31.83%32.97%46.41%47.32%48.50%49.17%51.19%51.76%54.00%
No. of Shareholders21,44921,64823,59825,61426,08228,39627,80527,81528,08930,72532,34732,933

MEP Infrastructure Developers Ltd Shareholding Pattern Chart

No. of MEP Infrastructure Developers Ltd Shareholders

MEP Infrastructure Developers Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan8,083,1480.0210.398,083,1482024-07-200%

MEP Infrastructure Developers Ltd ROCE Trend

MEP Infrastructure Developers Ltd EPS Trend

MEP Infrastructure Developers Ltd 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

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: 673.35% compared to the current price 6.41

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: 414.01% compared to the current price 6.41

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

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 (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 117 Cr..

What is the current Stock Price of MEP Infrastructure Developers Ltd as on 25 July 2024?

The current stock price of MEP Infrastructure Developers Ltd as on 25 July 2024 is 6.41.

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.

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