MEP Infrastructure Developers Ltd (MEP) share price, results, shareholding

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

Standalone, Rs crore

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	80	35	46	33	16	8	16	20	16	3	11	20
Expenses	66	32	26	62	44	16	13	80	31	30	34	620
Operating Profit	15	2	21	-29	-28	-9	3	-60	-15	-27	-24	-600
OPM %	19%	7%	44%	-91%	-179%	-113%	19%	-300%	-90%	-936%	-216%	-2,926%
Other Income	13	8	5	47	1	3	5	4	3	1	-59	6
Interest	12	10	8	12	11	9	9	13	9	13	9	9
Depreciation	25	20	20	18	3	2	2	1	1	1	1	1
Profit before tax	-9	-20	-2	-13	-42	-17	-3	-70	-22	-39	-92	-604
Tax %	21%	-3%	6%	5%	0%	0%	4%	-0%	-8%	1%	1%	0%
Net Profit	-11	-19	-2	-14	-42	-17	-3	-70	-20	-40	-93	-605
EPS in Rs	-0.58	-1.05	-0.09	-0.75	-2.28	-0.91	-0.17	-3.80	-1.09	-2.15	-5.06	-32.97

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	912	487	907	695	781	1,477	1,869	1,370	367	194	60	50
Expenses	858	465	866	75	163	1,257	1,649	1,467	414	185	154	715
Operating Profit	54	22	41	621	617	220	220	-98	-47	9	-94	-665
OPM %	6%	4.5%	4.5%	89%	79%	15%	12%	-7%	-13%	4.7%	-158%	-1,318%
Other Income	2	12	25	45	29	14	13	34	-71	72	13	-49
Interest	28	27	35	56	61	52	64	70	63	43	42	39
Depreciation	2	3	6	565	559	118	122	52	43	82	8	3
Profit before tax	26	4	25	44	27	64	47	-185	-224	-44	-131	-757
Tax %	35%	42%	36%	31%	34%	37%	36%	-24%	-1%	5%	-0%	0%
Net Profit	16	2	16	30	18	40	30	-141	-222	-46	-131	-757
EPS in Rs	1.65	0.24	1.45	1.86	1.09	2.47	1.64	-7.67	-12.11	-2.48	-7.16	-41.28
Dividend Payout %	0%	0%	0%	11%	23%	12%	18%	0%	0%	0%	0%	0%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	-20%	-51%	-48%	-15%
Compounded Profit Growth	%	%	%	-431%
Stock Price CAGR	-34%	-50%	-62%		-63%
Return on Equity	%	%	%			%

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	100	100	111	163	163	163	183	183	183	183	183	186
Reserves	113	118	147	425	438	475	634	487	265	220	113	-644
Borrowings	182	221	395	443	390	363	399	419	341	288	272	217
Other Liabilities	25	38	207	567	882	1,029	1,327	1,765	1,907	1,074	1,067	1,139
Total Liabilities	420	476	861	1,598	1,873	2,030	2,544	2,855	2,696	1,766	1,635	899
Fixed Assets	12	15	11	344	157	73	43	93	88	36	18	8
CWIP	0	0	0	0	1	0	0	0	0	0	0	0
Investments	32	71	210	522	670	779	819	853	853	841	424	168
Other Assets	377	391	640	732	1,045	1,178	1,682	1,909	1,755	890	1,194	723
Total Assets	420	476	861	1,598	1,873	2,030	2,544	2,855	2,696	1,766	1,635	899

	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	241	11	-9	85	84	281	-120	189	103	-152	6
Cash from Investing Activity	-12	-24	-159	-388	39	-205	-16	-107	45	248	12
Cash from Financing Activity	-250	14	157	308	-116	-80	129	-83	-152	-97	-16
Net Cash Flow	-21	1	-11	5	7	-4	-6	-1	-5	-1	1
Free Cash Flow	237	4	-11	61	94	254	-119	163	95	-126	15
CFO/OP	466%	65%	39%	16%	17%	133%	-37%	-225%	-191%	-1,653%	-7%

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	10	17	16	0	17	22	15	14	66	7	107	28
Inventory Days
Days Payable
Cash Conversion Cycle	10	17	16	0	17	22	15	14	66	7	107	28
Working Capital Days	8	-24	-39	-216	-124	-22	2	-100	-596	-965	-3,193	-4,973
ROCE %	12%	8%	11%	12%	9%	12%	10%	-10%	-7%	-8%	-14%	-401%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	39.39%	39.12%	32.41%	30.99%	30.64%	28.22%	28.22%	26.76%	25.87%	25.95%	25.68%	23.36%
FIIs	3.91%	3.76%	3.59%	3.57%	0.44%	0.44%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
DIIs	5.50%	5.37%	10.01%	6.36%	7.25%	5.84%	5.30%	5.30%	5.30%	4.41%	4.41%	4.41%
Public	51.19%	51.76%	54.00%	59.07%	61.66%	65.48%	66.36%	67.82%	68.72%	69.51%	69.81%	72.11%
No. of Shareholders	30,725	32,347	32,933	34,843	34,330	34,830	34,565	34,249	33,930	33,541	33,432	33,564

Fundamentals

Market Cap₹ 12.7 Cr.

Current Price₹ 0.69

Book Value₹ -24.9

ROCE-401 %

ROE%

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)-15%

Compounded Profit Growth (TTM)-431%

Standalone figures.

Valuation

Market capRs 12 Cr

Enterprise valueRs 216 Cr

Price to book-0.03x

Price to sales0.24x

EV / sales4.28x

Earnings yield-6160.48%

P/B, 3-year average0.80x

P/B, 5-year average0.65x

Profitability

Operating margin (excl. other income)-1317.66%

Operating margin (incl. other income)-1415.00%

EBITDA margin-1414.72%

Pre-tax margin-1499.45%

Net profit margin-1500.52%

Net margin, latest quarter-2952.17%

ROE943.50%

ROCE-437.30%

ROA-59.77%

ROE, 3-year average298.44%

ROCE, 3-year average-150.52%

ROA, 3-year average-23.18%

ROE, 5-year average167.34%

ROCE, 5-year average-95.73%

ROA, 5-year average-16.55%

Tax rate-0.07%

Other income / net worth10.74%

Growth

Sales growth (latest year)-15.24%

Sales CAGR, 3 years-48.39%

Sales CAGR, 5 years-51.44%

Sales growth QoQ87.64%

Sales growth YoY (latest quarter)1.84%

Per share

EPS (TTM)Rs -41.28

EPS (latest quarter)Rs -32.97

EPS, 3-year averageRs -4.82

EPS, 5-year averageRs -7.35

Book value per shareRs -24.93

Sales per shareRs 2.75

Free cash flow per shareRs 0.82

Efficiency

Asset turnover0.06x

Fixed asset turnover6.12x

Inventory turnover0.00x

Debtor days28 days

Debtors turnover12.97x

Cash conversion cycle28 days

Working capital days-4973 days

Leverage

Total debtRs 217 Cr

Cash and bankRs 13 Cr

Net debtRs 204 Cr

Debt to equity-0.47x

Interest coverage-18.22x

Owners' fund to total sources-50.89%

Debt to assets24.14%

Cash flow

Free cash flow (latest year)Rs 15 Cr

FCFE (approx.: FCF + change in debt)Rs -40 Cr

Statement figures

Net sales (TTM)Rs 50 Cr

Net sales (latest year)Rs 50 Cr

Sales (latest quarter)Rs 20 Cr

Operating profit excl. other income (latest year)Rs -665 Cr

Operating profit (latest quarter)Rs -600 Cr

Other income (TTM)Rs -49 Cr

EBITDA (TTM)Rs -714 Cr

PBDT (TTM)Rs -753 Cr

Profit before tax (TTM)Rs -757 Cr

Tax (latest year)Rs 1 Cr

Net profit (TTM)Rs -757 Cr

Net profit (latest year)Rs -757 Cr

Net profit (latest quarter)Rs -605 Cr

Depreciation (TTM)Rs 3 Cr

Depreciation (latest quarter)Rs 1 Cr

Interest (TTM)Rs 39 Cr

Cost of goods sold (latest year)Rs 0 Cr

Total expenditure (latest year)Rs 715 Cr

Total income (latest year)Rs 1 Cr

Share capitalRs 186 Cr

ReservesRs -644 Cr

Shareholders' fundsRs -457 Cr

Total assetsRs 899 Cr

Net blockRs 8 Cr

InvestmentsRs 168 Cr

ReceivablesRs 4 Cr

InventoryRs 2 Cr

Other liabilitiesRs 1,139 Cr

Shares outstanding (crore)18.35

Ownership

Promoter holding23.36% (-3.40 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

Not enough history to build valuation bands (needs two years of profits and prices).

Period	MEP	Nifty 50	Difference
1 week	+3.1%	-2.8%	+5.9 pts
1 month	-9.5%	-6.8%	-2.7 pts
3 months	-2.9%	-7.6%	+4.7 pts
6 months	-22.1%	+0.4%	-22.5 pts
1 year	-61.9%	-9.9%	-52.0 pts
2 years	-92.0%	-13.6%	-78.5 pts
3 years	-94.5%	+14.2%	-108.7 pts
5 years	-96.8%	+27.9%	-124.6 pts

1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
HDFC Balanced Advantage Fund	0.00%	0

Red flags

F-score 2 of 6

serious	Negative equity Shareholders' equity is negative
serious	Insolvency process Insolvency process 2026-06-03: MEP Infrastructure Developers Limited has informed the Exchange about Corporate Insolvency Resolution Process
look	Repeated losses Net loss in each of the last two years
look	On NSE surveillance On NSE surveillance: GSM, Insolvency

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

Mar 2024

Sales ₹20 Cr +0.0% vs Mar 2023. Net loss ₹605 Cr.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2023-09-22	Annual General Meeting
2022-09-22	Annual General Meeting
2021-09-22	Annual General Meeting
2020-10-14	Annual General Meeting
2019-08-29	Annual General Meeting/Dividend Rs 0.30
2018-07-25	Annual General Meeting/Dividend- Re0.30 Per Share
2017-07-19	Annual General Meeting/Dividend - Re 0.15 Per Share
2017-02-22	Interim Dividend Re 0.10 Per Share
2016-07-28	Annual General Meeting/Dividend - Re 0.10/- Per Share (Book Closure Dates Revised)
2015-11-19	Interim Dividend - Re 0.10/- Per Share
2015-09-16	Annual General Meeting

Date	Type	What it says
2026-08-25	Change in Company Secretary/	Change in Company Secretary/Compliance Officer
2026-06-12	Disclosure under SEBI Takeov	JAYANT D. MHAISKAR has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-06-05	Disclosure under SEBI Takeov	MEP Infrastructure Developers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board o...
2026-06-03	Corporate Insolvency Resolut	Corporate Insolvency Resolution Process
2026-06-01	Resignation	Resignation of Rajendra Pawar as Chief Financial Officer of the company w.e.f. May 31, 2026.
2026-04-10	Corporate Insolvency Resolut	Corporate Insolvency Resolution Process
2026-01-27	Corporate Insolvency Resolut	Corporate Insolvency Resolution Process
2025-12-30	Corporate Insolvency Resolut	Corporate Insolvency Resolution Process
2025-12-24	Updates	Reg 24A Annual Secretarial Compliance Report for 31st March 2024.
2025-11-07	Corporate Insolvency Resolut	Corporate Insolvency Resolution Process
2025-10-15	Corporate Insolvency Resolut	Corporate Insolvency Resolution Process

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 date	Forum	Case
2020-11-25	NCLT	Kapileshwar Infrastructure Pvt Ltd Vs MEP Infrastructure Developer Ltd

Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.

GSMInsolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 daysUnder BZ/SZ Series