MEP Infrastructure Developers Ltd
NSE: MEP BSE: 539126Infra
Incorporated in 2002, MEP Infra Developers Ltd is in the business of collection of toll and construction of roads along with other ancillary activities viz. road repairs and maintenance of flyovers, roads and allied structures[1]
₹1.01
52W: ₹0.83 — ₹2.9
PE 0 · Book ₹24.9 · -96% vs bookMarket Cap₹18.5 Cr
Stock P/E—Price to Earnings
ROCE401%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Debtor days have improved from 47.5 to 28.1 days.
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -51.4% over past five years.
- −Promoter holding is low: 25.7%
- −Promoters have pledged 77.9% of their holding.
- −Company's cost of borrowing seems high
- −Promoter holding has decreased over last 3 years: -16.7%
Shareholding Pattern
Promoters25.68%
FIIs0.12%
DIIs4.41%
Public69.81%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 30.99% | 30.64%▼0.3 | 28.22%▼2.4 | 28.22% | 26.76%▼1.5 | 25.87%▼0.9 | 25.95%▲0.1 | 25.68%▼0.3 |
| FIIs | 3.57% | 0.44%▼3.1 | 0.44% | 0.12%▼0.3 | 0.12% | 0.12% | 0.12% | 0.12% |
| DIIs | 6.36% | 7.25%▲0.9 | 5.84%▼1.4 | 5.3%▼0.5 | 5.3% | 5.3% | 4.41%▼0.9 | 4.41% |
| Public | 59.07% | 61.66%▲2.6 | 65.48%▲3.8 | 66.36%▲0.9 | 67.82%▲1.5 | 68.72%▲0.9 | 69.51%▲0.8 | 69.81%▲0.3 |
Financial Statements
| Metric | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46 | 33 | 16 | 8 | 16 | 20 | 16 | 3 | 11 | 20 |
| Expenses | 26 | 62 | 44 | 16 | 13 | 80 | 31 | 30 | 34 | 620 |
| Operating Profit | 21 | -29 | -28 | -9 | 3 | -60 | -15 | -27 | -24 | -600 |
| OPM % | 44% | -91% | -179% | -113% | 19% | -300% | -90% | -936% | -216% | -2926% |
| Net Profit | -2 | -14 | -42 | -17 | -3 | -70 | -20 | -40 | -93 | -605 |
| EPS ₹ | -0.09 | -0.75 | -2.28 | -0.91 | -0.17 | -3.8 | -1.09 | -2.15 | -5.06 | -32.97 |
AI Insights
Revenue Trend
Mar 2024 revenue at ₹50Cr, down 16.7% YoY. OPM at -1318%.
Debt Position
Borrowings at ₹217Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.
Institutional Flow
DIIs: 4.41% (-1.19pp change). FIIs: 0.12% (-3.83pp change). Promoters hold 25.68%.
Margin & Efficiency
ROCE declining from 12% (Mar 2013) to -401% (Mar 2024). Working capital days: -4973.
Recent Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 21 Apr - MEPIDL says large corporate disclosure is not applicable for Q4 FY2026-27; company remains under CIRP.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026
- Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors 10 Apr - 22nd Committee of Creditors meeting held on 9 April 2026 under CIRP.
- Closure of Trading Window 26 Mar
- Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 27 Jan - Post-facto intimation: 21st Committee of Creditors meeting held 23-Jan-2026 under NCLT order 28-Mar-2024.
- Financial Year 2023 from bse
- Financial Year 2022 from bse
- Financial Year 2021 from bse