MEP Infrastructure Developers Ltd.

•

mepinfra.comBSE: 539126NSE: MEP

Market Cap₹ 13 Cr.

Current Price

High / Low₹ 3 / 0

Stock P/E—

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE-20.9 %

ROE0.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Toll Collection/Repairs & Maintenance: 97.4% • Construction: 2.6%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company is almost debt free
Working capital cycle has improved - days down from -529 to -1181
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Company has a low return on equity of -17.9% over last 3 years
Company has a low return on capital employed of -1.3%
Promoter holding has decreased over last 2 years: -7.6pp
Interest coverage is weak at -3.0x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	303.00	120.52	26710.00	692.49	12.88	9.42
12.	MEP	0.68	0.00	12.66	0.00	-713.08	-1025.45	34.78	224.44	-20.94	-1645.72

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	234	150	81	2	11	6	13	19	35
	138	149	93	48	97	51	44	41	607
Operating Profit	96	2	-12	-45	-86	-45	-30	-22	-572
OPM %	40.91%	1.08%	-14.79%	-1821.37%	-802.15%	-704.91%	-224.89%	-117.43%	-1645.72%
	50	4	3	6	12	3	2	-59	7
Interest	74	26	19	15	6	14	24	16	21
Depreciation	69	40	19	2	2	2	1	1	1
Profit before Tax	3	-61	-48	-56	-82	-56	-53	-98	-587
Tax %	413.48%	-0.47%	-0.73%	0.47%	-0.13%	1.31%	-5.71%	-3.16%	-0.83%
Net Profit	0	-64	-45	-52	-63	-42	-52	-116	-713
	-8.86	-4.23	-2.99	-3.30	-4.06	-3.42	-3.34	-5.82	-33.69

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	1,198	2,009	1,905	1,729	2,322	2,815	2,056	1,123	967	245	73
	887	1,565	374	440	1,449	1,855	1,699	659	464	396	742
Operating Profit	311	444	1,531	1,289	873	960	358	465	504	-152	-669
OPM %	25.92%	22.08%	80.35%	74.54%	37.59%	34.10%	17.39%	41.37%	52.07%	-62.06%	-914.32%
	43	33	76	244	120	91	366	97	78	35	-48
Interest	380	404	642	493	470	464	414	343	289	67	74
Depreciation	130	180	1,012	868	419	494	392	253	256	63	4
Profit before Tax	-156	-107	-48	172	105	92	-83	-51	-172	-267	-795
Tax %	15.10%	-7.32%	32.90%	36.78%	36.64%	42.25%	-51.51%	-50.39%	-30.71%	-0.18%	-1.29%
Net Profit	-133	-115	-32	109	66	53	-126	-77	-225	-268	-805
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.19	-12.29	-12.24	—
Dividend Payout %	0.00%	0.00%	-8.89%	3.73%	6.87%	9.78%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -15%
5 Years:: -36%
3 Years:: -51%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -34%
5 Years:: -50%
3 Years:: -62%
1 Year:: -56%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: -15%
3 Years:: -18%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	100	111	163	163	163	183	183	183	183	183
Minority Interest	1	0	0	0	0	-0	13	13	8	-1
	-188	-338	-275	-170	-103	82	-2	-79	-298	-673
	3,325	3,440	3,599	3,414	3,090	2,584	1,864	1,750	1,229	287
Trade Payables	146	266	1,573	825	701	1,017	1,185	1,074	1,241	1,128
	78	144	171	512	956	1,229	1,588	1,767	1,342	2,233
Total Liabilities	3,462	3,624	5,230	4,744	4,807	5,095	4,831	4,709	3,706	3,158
	2,364	2,156	3,588	2,465	2,479	2,082	1,478	1,265	1,124	45
Capital Work in Progress	6	16	7	28	27	26	0	0	0	0
	1	32	22	166	240	280	332	317	85	65
	0	0	0	0	0	11	14	14	5	4
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	162	135	149	144	113	113	91	48	45	15
	929	1,285	1,465	1,940	1,949	2,583	2,916	3,064	2,447	3,029
Total Assets	3,462	3,624	5,230	4,744	4,807	5,095	4,831	4,709	3,706	3,158

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	478	315	480	505	726	547	822	497	261	378
Cash from Investing	-48	-87	-73	-57	-373	-19	-31	-72	113	-16
Cash from Financing	-397	-216	-374	-426	-338	-482	-743	-497	-415	-361
	25	-27	6	-20	-1	2	-6	-22	4	1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	30.99	30.64	28.23	28.23	26.76	25.87	25.95	25.68	23.36
	3.57	0.44	0.44	0.12	0.12	0.12	0.12	0.12	0.12
	6.36	6.36	4.95	4.41	4.41	4.41	4.41	4.41	4.41
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	59.08	62.56	66.38	67.25	68.71	69.60	69.52	69.80	72.11

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-25

Change in Company Secretary/Compliance Officer

2026-08-25 - MEP Infrastructure Developers Limited has informed the Exchange about Change in Company Secretary/Compliance Officer

2026-07-15

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-15 - MEP Infrastructure Developers Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-06-25

Trading Window

2026-06-25 - MEP Infrastructure Developers Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-12

Disclosure under SEBI Takeover Regulations

2026-06-12 - JAYANT D. MHAISKAR has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-06-05

Disclosure under SEBI Takeover Regulations

2026-06-05 - MEP Infrastructure Developers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-06-03

Corporate Insolvency Resolution Process

2026-06-03 - MEP Infrastructure Developers Limited has informed the Exchange about Corporate Insolvency Resolution Process

2026-06-01

Resignation

2026-06-01 - MEP Infrastructure Developers Limited has informed the Exchange regarding Resignation of Rajendra Pawar as Chief Financial Officer of the company w.e.f. May 31, 2026.

News

Recent coverage and analyst commentary for MEP

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MEP Infrastructure Developers Ltd.

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Free 5nance Account

Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

303.00

120.52

26710.00

692.49

12.88

9.42

MEP

0.68

0.00

12.66

0.00

-713.08

-1025.45

34.78

224.44

-20.94

-1645.72

Mar 2022

Jun 2022

Sep 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

234

150

138

149

607

Operating Profit

-12

-45

-86

-45

-30

-22

-572

OPM %

40.91%

1.08%

-14.79%

-1821.37%

-802.15%

-704.91%

-224.89%

-117.43%

-1645.72%

-59

Interest

Depreciation

Profit before Tax

-61

-48

-56

-82

-56

-53

-98

-587

Tax %

413.48%

-0.47%

-0.73%

0.47%

-0.13%

1.31%

-5.71%

-3.16%

-0.83%

Net Profit

-64

-45

-52

-63

-42

-52

-116

-713

-8.86

-4.23

-2.99

-3.30

-4.06

-3.42

-3.34

-5.82

-33.69

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

TTM

1,198

2,009

1,905

1,729

2,322

2,815

2,056

1,123

967

245

887

1,565

374

440

1,449

1,855

1,699

659

464

396

742

Operating Profit

311

444

1,531

1,289

873

960

358

465

504

-152

-669

OPM %

25.92%

22.08%

80.35%

74.54%

37.59%

34.10%

17.39%

41.37%

52.07%

-62.06%

-914.32%

244

120

366

-48

Interest

380

404

642

493

470

464

414

343

289

Depreciation

130

180

1,012

868

419

494

392

253

256

Profit before Tax

-156

-107

-48

172

105

-83

-51

-172

-267

-795

Tax %

15.10%

-7.32%

32.90%

36.78%

36.64%

42.25%

-51.51%

-50.39%

-30.71%

-0.18%

-1.29%

Net Profit

-133

-115

-32

109

-126

-77

-225

-268

-805

EPS

0.00

-4.19

-12.29

-12.24

—

Dividend Payout %

0.00%

-8.89%

3.73%

6.87%

9.78%

0.00%

—

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Equity Capital

100

111

163

183

Minority Interest

-0

-1

-188

-338

-275

-170

-103

-2

-79

-298

-673

3,325

3,440

3,599

3,414

3,090

2,584

1,864

1,750

1,229

287

Trade Payables

146

266

1,573

825

701

1,017

1,185

1,074

1,241

1,128

144

171

512

956

1,229

1,588

1,767

1,342

2,233

Total Liabilities

3,462

3,624

5,230

4,744

4,807

5,095

4,831

4,709

3,706

3,158

2,364

2,156

3,588

2,465

2,479

2,082

1,478

1,265

1,124

Capital Work in Progress

166

240

280

332

317

Cash & Bank

162

135

149

144

113

929

1,285

1,465

1,940

1,949

2,583

2,916

3,064

2,447

3,029

Total Assets

3,462

3,624

5,230

4,744

4,807

5,095

4,831

4,709

3,706

3,158

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

478

315

480

505

726

547

822

497

261

378

Cash from Investing

-48

-87

-73

-57

-373

-19

-31

-72

113

-16

Cash from Financing

-397

-216

-374

-426

-338

-482

-743

-497

-415

-361

-27

-20

-1

-6

-22

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

30.99

30.64

28.23

26.76

25.87

25.95

25.68

23.36

3.57

0.44

0.12

6.36

4.95

4.41

Government

0.00

59.08

62.56

66.38

67.25

68.71

69.60

69.52

69.80

72.11

MEP Infrastructure Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

MEP Infrastructure Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI