Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:53 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539762 | NSE: MEAPL

Modern Engineering and Projects Ltd: Share Price Analysis, Intrinsic Value & Fundamentals

Fair Value

₹25.40Overvalued by 26.38%vs CMP ₹34.50

P/E (3.1) × ROE (25.9%) × BV (₹39.40) × DY (2.00%)

₹85.84Undervalued by 148.81%vs CMP ₹34.50
MoS: +59.8% (Strong)Confidence: 59/100 (Moderate)Models: 7 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹43.2026%Under (+25.2%)
Graham NumberEarnings₹100.1316%Under (+190.2%)
Earnings PowerEarnings₹13.4513%Over (-61%)
DCFCash Flow₹265.4413%Under (+669.4%)
Net Asset ValueAssets₹38.848%Under (+12.6%)
EV/EBITDAEnterprise₹53.7210%Under (+55.7%)
Earnings YieldEarnings₹113.108%Under (+227.8%)
Revenue MultipleRevenue₹93.216%Under (+170.2%)
Consensus (8 models)₹85.84100%Undervalued
Key Drivers: EPS CAGR 70.1% lifts DCF — verify sustainability. | Wide model spread (₹13–₹265) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 70.1%

*Investments are subject to market risks

Investment Snapshot

75
scores 75/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 20.5% ExcellentROE 25.9% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 33.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (-70% → 10%) Improving
Quarterly Momentum80/100 · Strong
Revenue (4Q): +21% YoY AcceleratingOPM: 18.2% (up 33.1% YoY) Margin expansion
Industry Rank100/100 · Strong
P/E 3.1 vs industry 36.6 Cheaper than peersROCE 20.5% vs industry 16.4% Above peersROE 25.9% vs industry 21.4% Above peers3Y sales CAGR: 358% High growth

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, 4:53 am

Market Cap 53.3 Cr.
Current Price 34.5
Intrinsic Value₹85.84
High / Low 49.9/24.8
Stock P/E3.05
Book Value 39.4
Dividend Yield0.00 %
ROCE20.5 %
ROE25.9 %
Face Value 10.0
PEG Ratio0.04

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

View Share Price Target for

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modern Engineering and Projects Ltd 53.3 Cr. 34.5 49.9/24.83.05 39.40.00 %20.5 %25.9 % 10.0
CMM Infraprojects Ltd 3.06 Cr. 1.95 1.95/1.754.31 18.60.00 %0.49 %1.07 % 10.0
Anand Projects Ltd 2.28 Cr. 24.5 /1.55 34.60.00 %9.56 %5.09 % 10.0
Gayatri Projects Ltd 270 Cr. 14.4 14.9/5.601.30 77.00.00 %7.99 %% 2.00
Bharat Road Network Ltd 155 Cr. 18.4 31.3/16.65.41 49.20.00 %15.1 %53.7 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.0967.6214.2916.6119.8640.7414.4916.2522.6842.2030.9416.4224.80
Expenses 0.6568.0614.2314.0919.0036.0613.9917.7026.0530.5128.1813.0520.28
Operating Profit -0.56-0.440.062.520.864.680.50-1.45-3.3711.692.763.374.52
OPM % -622.22%-0.65%0.42%15.17%4.33%11.49%3.45%-8.92%-14.86%27.70%8.92%20.52%18.23%
Other Income 0.000.132.340.040.000.001.360.640.060.240.521.490.52
Interest 0.080.080.150.370.100.350.100.110.100.280.48-0.080.19
Depreciation 0.290.540.530.920.650.730.410.410.440.540.550.570.52
Profit before tax -0.93-0.931.721.270.113.601.35-1.33-3.8511.112.254.374.33
Tax % -5.38%-6.45%25.00%43.31%90.91%54.72%17.78%-131.58%-5.97%15.66%19.11%32.49%21.94%
Net Profit -0.88-0.881.280.720.011.631.110.42-3.619.361.812.943.37
EPS in Rs -0.57-0.570.830.460.011.050.720.27-2.346.061.171.902.18

Last Updated: March 3, 2026, 6:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 13, 2026, 5:42 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 010020001689396114
Expenses 01103000371838892
Operating Profit -00-0-0-0-0-0-0-2-310722
OPM % -10%0%-79%-22%-17%-1,500%-250%-62%-136%-4%11%8%20%
Other Income 0000000002123
Interest 0000000000111
Depreciation 0000000011322
Profit before tax 00-00-0-0-0-0-3-37722
Tax % 0%100%0%20%0%0%0%0%-3%-6%46%0%
Net Profit 00-00-0-0-0-0-3-34717
EPS in Rs 0.000.00-0.130.05-0.13-0.10-0.10-0.03-1.93-1.712.354.7211.31
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%233.33%75.00%
Change in YoY Net Profit Growth (%)0.00%233.33%-158.33%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2022-2023 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:53%
5 Years:337%
3 Years:315%
TTM:22%
Compounded Profit Growth
10 Years:%
5 Years:119%
3 Years:64%
TTM:130%
Stock Price CAGR
10 Years:%
5 Years:51%
3 Years:50%
1 Year:-50%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:26%

Last Updated: September 5, 2025, 3:55 pm

Balance Sheet

Last Updated: December 4, 2025, 3:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.0933333333331515
Reserves 1101000-0-3-7-44145
Borrowings 00100000991287
Other Liabilities 01000000132376478
Total Liabilities 15543333103748128146
Fixed Assets 00000000414181617
CWIP 000000000001313
Investments 1000000010044
Other Assets 055433335233094113
Total Assets 15543333103748128146

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0-3-103-0-00-3155-27
Cash from Investing Activity + -00000000-3-13-7-17
Cash from Financing Activity + 0310-30006-1245
Net Cash Flow 00-00-0-0-000211
Free Cash Flow 0-3-103-0-00-53-1-40
CFO/OP -200%323%-1,400%-749%40%20%-40%165%-550%73%-341%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.00-1.000.000.000.000.000.00-11.00-12.00-2.00-1.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1103254,34713,01820004091988254
Inventory Days 265061548415311220
Days Payable 03650000
Cash Conversion Cycle 3753254,04313,5664353112204091988254
Working Capital Days 3658233,96013,424569119,72019,22313,277727-70-5579
ROCE %1%1%-4%2%-6%-4%-5%-2%-44%-37%93%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.85%62.85%62.85%62.85%62.85%62.85%33.29%33.29%33.29%33.29%33.29%33.29%
FIIs 0.00%0.00%0.00%0.00%0.00%1.74%6.45%6.45%7.48%6.90%7.47%7.24%
Public 37.14%37.14%37.14%37.14%37.14%35.41%60.26%60.26%59.24%59.81%59.24%59.46%
No. of Shareholders 2412422432493885151,3501,9612,5082,6422,7922,933

Shareholding Pattern Chart

No. of Shareholders

Modern Engineering and Projects Ltd: Share Price Analysis, Intrinsic Value & Fundamentals - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.8511.80-8.57-0.10-0.16
Diluted EPS (Rs.) 7.8511.80-8.57-0.10-0.16
Cash EPS (Rs.) 5.8820.98-4.11-6.53-0.16
Book Value[Excl.RevalReserv]/Share (Rs.) 36.26-2.38-14.150.239.92
Book Value[Incl.RevalReserv]/Share (Rs.) 36.26-2.38-14.150.239.92
Revenue From Operations / Share (Rs.) 61.88301.68219.414.330.24
PBDIT / Share (Rs.) 6.2633.95-3.62-5.67-0.16
PBIT / Share (Rs.) 5.1024.77-8.07-8.82-0.16
PBT / Share (Rs.) 4.7121.65-9.10-9.98-0.16
Net Profit / Share (Rs.) 4.7111.80-8.57-9.69-0.16
PBDIT Margin (%) 10.1111.25-1.64-130.73-66.76
PBIT Margin (%) 8.238.21-3.68-203.52-66.76
PBT Margin (%) 7.617.17-4.14-230.35-66.76
Net Profit Margin (%) 7.623.91-3.90-223.53-66.76
Return on Networth / Equity (%) 13.00-494.660.00-4151.31-1.63
Return on Capital Employeed (%) 12.6780.44-69.03-31.53-1.63
Return On Assets (%) 5.697.60-7.23-30.30-1.62
Long Term Debt / Equity (X) 0.09-8.28-1.4083.480.00
Total Debt / Equity (X) 0.09-8.28-1.4083.480.00
Asset Turnover Ratio (%) 1.092.202.920.200.02
Current Ratio (X) 1.360.700.654.04302.49
Quick Ratio (X) 1.360.700.542.83302.49
Inventory Turnover Ratio (X) 0.000.0024.260.000.00
Interest Coverage Ratio (X) 16.2910.88-3.52-4.870.00
Interest Coverage Ratio (Post Tax) (X) 13.274.78-7.35-7.330.00
Enterprise Value (Cr.) 38.7932.9912.5112.253.24
EV / Net Operating Revenue (X) 0.400.350.189.1543.33
EV / EBITDA (X) 4.013.14-11.19-7.00-64.90
MarketCap / Net Operating Revenue (X) 0.380.310.114.7745.41
Price / BV (X) 0.65-40.03-1.8588.631.11
Price / Net Operating Revenue (X) 0.380.310.114.7745.45
EarningsYield 0.200.12-0.32-0.46-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Modern Engineering & Projects Ltd. is a Public Limited Listed company incorporated on 26/02/1946 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L01132MH1946PLC381640 and registration number is 381640. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 95.61 Cr. and Equity Capital is Rs. 15.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering103/4 Plot - 215, Free Press House, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Radheshyam MopalwarChairman & Non-Exe.Director
Mr. Fattehsingh PatilManaging Director
Mr. Jashandeep SinghWhole Time Director
Ms. Vaishali MulayNon Executive Director
Mr. Shivratan AgarwalIndependent Director
Mrs. Shruti ShahAddnl. & Non Exe.Director
Mr. Ajit SaganeAddnl. & Ind.Director

FAQ

What is the intrinsic value of and is it undervalued?

As of 14 April 2026, 's intrinsic value is ₹85.84, which is 148.81% higher than the current market price of ₹34.50, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (25.9 %), book value (₹39.4), dividend yield (0.00 %), and 5-year EPS CAGR.

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

is trading at ₹34.50 as of 14 April 2026, with a FY2026-2027 high of ₹49.9 and low of ₹24.8. The stock is currently in the middle of its 52-week range. Market cap stands at ₹53.3 Cr..

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

has a P/E ratio of 3.05, 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 financially healthy?

Key indicators for : ROCE of 20.5 % indicates efficient capital utilization; ROE of 25.9 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is profitable and how is the profit trend?

reported a net profit of ₹7 Cr in Mar 2025 on revenue of ₹96 Cr. Compared to ₹-3 Cr in Mar 2022, the net profit shows an improving trend.

Does pay dividends?

has a dividend yield of 0.00 % at the current price of ₹34.50. 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 . 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
Explore Industry-wise Stock Analysis Reports