MarketFriction

MBL Infrastructure Ltd

NSE MBLINFRA · BSE 533152 · Civil Construction
₹23.11 +1.14%
NSE close2026-10-01
52 week range18.37 - 45.60
Market cap₹333 Cr.
Price band 5% Delivery 59.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales20.9432.6824.0433.7532.9530.4531.1727.6974.3250.7052.1837.55
Expenses41.7256.3343.2059.5968.3767.4338.2249.5070.8851.8546.2227.42
Operating Profit-20.78-23.65-19.16-25.84-35.42-36.98-7.05-21.813.44-1.155.9610.13
OPM %-99.24%-72.37%-79.70%-76.56%-107.50%-121.44%-22.62%-78.76%4.63%-2.27%11.42%26.98%
Other Income31.4435.5728.81272.3981.5633.1111.3935.1128.5815.3757.0719.45
Interest7.196.236.586.517.9411.2638.1011.9711.929.694.894.55
Depreciation14.5714.9814.4516.2214.4015.5814.3213.7712.4514.0414.0314.22
Profit before tax-11.10-9.29-11.38223.8223.80-30.71-48.08-12.447.65-9.5144.1110.81
Tax %-0.09%0.00%-0.79%0.00%-0.04%-0.10%-1.29%0.08%-0.13%-1.37%119.18%148.01%
Net Profit-11.09-9.29-11.29223.8223.81-30.68-47.46-12.457.66-9.38-8.46-5.19
EPS in Rs-1.06-0.89-1.0820.391.99-2.56-3.87-0.820.50-0.61-0.55-0.34
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3432,281511154213203164159122128176215
Expenses2,0792,25945422426799133102708368196
Operating Profit2632257-70-541043258534510818
OPM %11%1.0%11%-46%-25%51%19%36%43%35%61%9%
Other Income1938230-19738712996142131398112120
Interest138159252196716211617816021413631
Depreciation332723205596677263615455
Profit before tax112-12612-306212-25-55-51-391693053
Tax %22%-49%-58%-14%-25%-357%-100%-0%-0%-0%176%
Net Profit87-6419-264265630-51-39169-23-15
EPS in Rs20.95-15.485.47-25.1925.326.050.01-4.82-3.7513.83-1.48-1.00
Dividend Payout %7%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-23%-3%3%76%
Compounded Profit Growth%%-14%70%
Stock Price CAGR-14%3%-9%-47%
Return on Equity-5%-6%-8%-7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital21414141105105105105105105123153
Reserves636700633654387652715732681642826803
Borrowings1,1041,4331,9341,3791,4371,2531,2481,2041,1391,036955988
Other Liabilities4584602997701,0359939559751,0311,1031,0961,006
Total Liabilities2,2192,6352,9072,8442,9633,0033,0233,0162,9562,8863,0002,950
Fixed Assets217247224180964910837770698683633579
CWIP541761860725014173447000
Investments24240000000000
Other Assets1,4371,6031,8231,9391,9992,0792,1692,2122,2112,2032,3672,371
Total Assets2,2192,6352,9072,8442,9633,0033,0233,0162,9562,8863,0002,950
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-63102-32283277-634-1677484082
Cash from Investing Activity-193-337-78-60-78-13-26-16-111-85
Cash from Financing Activity265164392-22-20327352-74-57-38-54
Net Cash Flow9-71-80-381120-8-8-633
Free Cash Flow-252-243-41216199-198-3363473782
CFO/OP-19%45%-1,404%152%-392%10%33%-44%136%88%73%60%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days74102397422712791124287344321215
Inventory Days195152562519438
Days Payable556322444551915519
Cash Conversion Cycle21319121-307-273-694-389124287344321215
Working Capital Days6246-173-145-896-800-730-937-1,018-1,604-2,193-1,656
ROCE %15%13%1%4%-0%-0%6%3%6%7%6%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.27%68.25%67.39%68.84%71.45%71.45%69.74%74.01%74.01%74.01%74.01%74.57%
FIIs0.00%0.01%0.00%0.04%0.00%0.04%0.04%0.02%0.02%0.01%0.08%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.54%0.53%0.43%0.43%0.00%0.36%0.42%
Public31.73%31.74%32.60%31.11%28.54%27.97%29.69%25.55%25.56%25.98%25.55%25.01%
No. of Shareholders18,97718,30119,88726,00325,93225,42124,92025,06825,21224,69924,36924,142

Fundamentals

Market Cap₹ 333 Cr.
Current Price₹ 21.8
Book Value₹ 62.7
ROCE7.74 %
ROE-7.18 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)76%
Compounded Profit Growth (TTM)70%
Consolidated figures.
Valuation
Market capRs 352 Cr
Enterprise valueRs 1,288 Cr
Price to book0.37x
Price to sales1.64x
EV / EBITDA9.28x
EV / EBIT15.31x
EV / sales6.00x
Price to cash flow4.28x
Earnings yield-4.36%
P/E, 3-year average3.27x
P/B, 3-year average0.55x
P/E, 5-year average978.67x
P/B, 5-year average0.43x
Profitability
Operating margin (excl. other income)61.15%
Operating margin (incl. other income)124.81%
EBITDA margin64.66%
Pre-tax margin24.71%
Net profit margin-7.16%
Net margin, latest quarter-13.82%
ROE-2.37%
ROCE8.60%
ROA-0.76%
ROE, 3-year average4.16%
ROCE, 3-year average11.97%
ROA, 3-year average1.22%
ROE, 5-year average1.26%
ROCE, 5-year average9.05%
ROA, 5-year average0.39%
ROIC (approx.)-3.37%
Tax rate175.81%
Other income / net worth11.72%
Growth
Sales growth (latest year)37.20%
Profit growth (latest year)-113.33%
Sales CAGR, 3 years3.37%
Sales CAGR, 5 years-2.79%
Sales growth QoQ-28.04%
Sales growth YoY (latest quarter)35.61%
Per share
EPS (TTM)Rs -1.01
EPS (latest year)Rs -1.48
EPS (latest quarter)Rs -0.34
EPS, 3-year averageRs 2.87
EPS, 5-year averageRs 0.76
Book value per shareRs 62.68
Sales per shareRs 14.08
Cash flow per shareRs 5.40
Free cash flow per shareRs 5.38
Efficiency
Asset turnover0.06x
Fixed asset turnover0.30x
Inventory turnover14.09x
Inventory days26 days
Debtor days215 days
Debtors turnover1.70x
Creditor days519 days
Cash conversion cycle215 days
Working capital days-1656 days
Leverage
Total debtRs 988 Cr
Cash and bankRs 52 Cr
Net debtRs 936 Cr
Debt to equity1.03x
Net debt / EBITDA6.74x
Interest coverage2.71x
Owners' fund to total sources32.41%
Debt to assets33.48%
Cash flow
Cash from Operating Activity (latest year)Rs 82 Cr
Cash from Investing Activity (latest year)Rs 5 Cr
Cash from Financing Activity (latest year)Rs -54 Cr
Net Cash Flow (latest year)Rs 33 Cr
Free cash flow (latest year)Rs 82 Cr
FCFE (approx.: FCF + change in debt)Rs 115 Cr
Cash from ops / profit, 5 years4.12x
Sales to cash flow2.14x
Statement figures
Net sales (TTM)Rs 215 Cr
Net sales (latest year)Rs 176 Cr
Sales (latest quarter)Rs 38 Cr
Operating profit excl. other income (latest year)Rs 108 Cr
Operating profit (latest quarter)Rs 10 Cr
Other income (TTM)Rs 120 Cr
EBITDA (TTM)Rs 139 Cr
PBDT (TTM)Rs 108 Cr
Profit before tax (TTM)Rs 53 Cr
Tax (latest year)Rs 52 Cr
Net profit (TTM)Rs -15 Cr
Net profit (latest year)Rs -23 Cr
Net profit (latest quarter)Rs -5 Cr
Depreciation (TTM)Rs 55 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 31 Cr
Cost of goods sold (latest year)Rs 14 Cr
Total expenditure (latest year)Rs 68 Cr
Total income (latest year)Rs 288 Cr
Share capitalRs 153 Cr
ReservesRs 803 Cr
Shareholders' fundsRs 956 Cr
Total assetsRs 2,950 Cr
Net blockRs 579 Cr
ReceivablesRs 104 Cr
InventoryRs 1 Cr
Other liabilitiesRs 1,006 Cr
Shares outstanding (crore)15.25
Ownership
Promoter holding74.57% (+0.56 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.37 is at the 38th percentile (median 0.41).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMBLINFRANifty 50Difference
1 week+10.6%-2.8% +13.4 pts
1 month+1.2%-6.8% +8.0 pts
3 months-13.5%-7.6% -5.9 pts
6 months+18.9%+0.4% +18.5 pts
1 year-46.7%-9.9% -36.8 pts
2 years-64.7%-13.6% -51.2 pts
3 years-19.1%+14.2% -33.2 pts
5 years+22.6%+27.9% -5.3 pts

Red flags

F-score 4 of 8
lookShare dilution Share count up 24% in a year
lookProfit leans on other income Other income was 376% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹38 Cr +35.6% vs Jun 2025. Net loss ₹5 Cr.
Against our estimate for Jun 2026: sales -15.2%, profit +32.5% in line. Our estimate for Sep 2026: sales Rs 113 Cr, profit Rs -17 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-08-04Annual General Meeting
2022-07-21Annual General Meeting
2021-07-29 Annual General Meeting
2020-09-22 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-18 Annual General Meeting
2017-11-02 Annual General Meeting
2016-08-04 Annual General Meeting/Dividend - Rs 1.50/- Per Share
2015-07-28Bonus 1:10.5000
2015-07-08Annual General Meeting/Dividend - Rs 3/- Per Share
2014-07-31Annual General Meeting / Dividend - Rs 3/- Per Share
2013-08-22Annual General Meeting And Dividend Rs.3/- Per Share
2012-07-26Annual General Meeting And Dividend Rs.1.50 Per Share
2012-02-15Interim Dividend Rs.1.50 Per Share (Purpose Revised)
2011-07-28Annual General Meeting And Dividend Rs.2.50 Per Share
2010-09-08Annual General Meeting And Dividend Rs.2/- Per Share
DateTypeWhat it says
2026-09-21Concall / analyst meetSchedule of meet
2026-09-12Shareholder meetingShareholders meeting
2026-09-12Shareholder meetingShareholders meeting
2026-08-17General UpdatesGeneral Updates
2026-08-11General UpdatesGeneral Updates
2026-08-05Reply to Clarification- FinaThe Exchange had sought clarification from MBL Infrastructure Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Lis...
2026-07-31Clarification - Financial ReThe Exchange has sought clarification from MBL Infrastructure Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Lis...
2026-07-28Press ReleaseA press release dated July 28, 2026, titled "Press Release".
2026-07-28General UpdatesGeneral Updates
2026-07-23Board meeting outcomeMBL Infrastructure Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-01General UpdatesGeneral Updates
2026-06-30Disclosure under SEBI TakeovAnjanee Kumar Lakhotia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-05-30Board meeting outcomeMBL Infrastructure Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-15UpdatesVoting Results and Scrutinizers Report- Postal Ballot.
2026-05-15UpdatesSummary of Proceedings of Postal Ballot .
2026-04-14Shareholder meetingNotice of Postal Ballot
2026-04-11Board meeting outcomeOutcome of Board Meeting held on April 11, 2026.
2026-04-09Price movementSignificant movement in price has been observed in MBL Infrastructure Limited. The Exchange, in order to ensure that investors have latest relevant in...
2026-04-08Price movementSignificant movement in price has been observed in MBL Infrastructure Limited. The Exchange, in order to ensure that investors have latest relevant in...
2026-03-02Concall / analyst meetSchedule of meet
2026-02-14General UpdatesGeneral Updates
2026-02-14Press ReleaseA press release dated February 14, 2026, titled "Press Release".
2026-02-14Board meeting outcomeMBL Infrastructure Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-12-11Press ReleaseA press release dated December 11, 2025, titled "Press release relating to Arbitration Award and Business updates".
2025-12-11General UpdatesUpdates on Arbitration Award
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-03-12NCLTMBL Infrastructures Ltd. Vs Orissa Steel Expressway Pvt. Ltd. & 12 Ors.
2019-11-25NCLATBank of India VS MBL Infrastructures Ltd. & Ors.
2019-08-16NCLATIDBI Bank Ltd. VS MBL Infrastructures Ltd. & Ors.
2019-08-16NCLATBank of Baroda & Anr. VS MBL Infrastructures Ltd. & Ors.
2019-08-16NCLATBank of India VS MBL Infrastructures Ltd. & Ors.
2019-08-01NCLATBank of Baroda & Anr. VS MBL Infrastructures Ltd. & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of MBL Infrastructure Ltd?

MBL Infrastructure Ltd (MBLINFRA) has a market capitalisation of Rs 333 Cr. at the 2026-10-01 close.

What were MBL Infrastructure Ltd's latest quarterly results?

In the Jun 2026 quarter, MBL Infrastructure Ltd sales was Rs 38 Cr (+35.6% vs Jun 2025) with a net loss of Rs 5 Cr.

What is the 52-week high and low of MBL Infrastructure Ltd?

The 52-week high is Rs 45.60 and the 52-week low is Rs 18.37.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03