MEP Infrastructure Developers LimitedMEPCorporate

Construction Latest results: Dec 2023 13 quarters of data

₹0.68

MCap ₹12 Cr

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🏭 Infrastructure sector

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹19 Cr

Sales · Dec 2023

+850.0% YoY

₹-29 Cr

Operating Profit · Dec 2023

+42.0% YoY

-152.6%

OPM % · Dec 2023

+93.9% YoY

₹-116 Cr

Net Profit · Dec 2023

-123.1% YoY

₹-6.33

EPS · Dec 2023

-135.3% YoY

📝 MEP Infrastructure Developers Limited — results explained

Quarter ended December 2023 (Q3 FY24)

MEP Infrastructure Developers Limited reported revenue of ₹19 crore for the quarter ended December 2023 (Q3 FY24), up 850.0% from ₹2 crore in the same quarter last year, and up 46.2% sequentially over the September 2023 quarter.

The company reported a net loss of ₹116 crore, against a net loss of ₹52 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-6.33.

Operating profit stood at ₹-29 crore — an operating margin (OPM) of -152.6%, compared with -2500.0% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY24, MEP Infrastructure Developers Limited posted revenue of ₹38 crore, a decline of 84.4% over FY23, with a net loss of ₹210 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹49 crore with a net loss of ₹273 crore.

Valuation snapshot

At the current price of ₹0.68, MEP has a market capitalisation of ₹12 crore.

Within the Construction industry, it is the 25th-largest of the 137 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 23.36%, foreign institutional investors (FIIs) 0.12%, domestic institutional investors (DIIs) 4.41%, public shareholders 72.11% of MEP Infrastructure Developers Limited.

Promoter holding slipped from 25.68% to 23.36% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹12 Cr

Current Price ?

₹0.7

P/E ?

N/A

Industry P/E ?

16.40

P/B ?

-0.03

P/S ?

0.25

P/FCF ?

0.03

Enterprise Value ?

₹404 Cr

EV/EBITDA ?

-2.00

PEG ?

N/A

Earnings Yield ?

-51.4%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹49 Cr

OPM ?

-412.2%

Profit after tax (TTM) ?

₹-273 Cr

EPS (TTM) ?

₹-14.88

ROCE ?

-21.0%

ROE ?

68.6%

ROA ?

-8.5%

Growth

Sales — latest qtr ?

₹19 Cr

PAT — latest qtr ?

₹-116 Cr

YoY qtr sales growth ?

850.0%

YoY qtr profit growth ?

-123.1%

Sales growth (3y) ?

-51%

Sales growth (5y) ?

-36%

Profit growth (3y) ?

-3%

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹392 Cr

Debt to Equity ?

-0.98

Interest Coverage ?

-2.2

Current Ratio ?

N/A

Ownership

Promoter holding ?

23.36%

Change in promoter holding ?

-3.40%

Pledged percentage ?

N/A

Market

Return 3 months ?

15.3%

Return 6 months ?

-25.3%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Dec bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	YoY %	QoQ %
Sales	282	282	277	217	240	234	150	81	2	11	6	13	19	+850.0%	+46.2%
Operating Profit	101	116	143	86	129	-58	-15	-19	-50	-86	-52	-35	-29	+42.0%	+17.1%
Other Income	128	-64	17	7	3	50	17	13	15	30	24	11	-68	-553.3%	-718.2%
Interest	89	82	72	75	69	74	26	19	15	6	14	24	16	+6.7%	-33.3%
Depreciation	49	49	65	60	63	69	40	19	2	2	2	1	1	-50.0%	+0.0%
Profit Before Tax	91	-79	24	-41	1	-151	-64	-45	-52	-63	-42	-49	-113	-117.3%	-130.6%
Net Profit	85	-85	3	-53	-13	-163	-64	-45	-52	-63	-42	-52	-116	-123.1%	-123.1%
EPS	4.87	-5.00	0.28	-2.81	-0.66	-8.83	-3.47	-2.46	-2.69	-3.16	-2.26	-2.82	-6.33	-135.3%	-124.5%
OPM %	35.8%	41.1%	51.6%	39.6%	53.8%	-24.8%	-10.0%	-23.5%	-2500.0%	-781.8%	-866.7%	-269.2%	-152.6%	+93.9%	+43.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY23	FY24	TTM	YoY %
Sales	₹244 Cr	₹38 Cr	₹49 Cr	-84.4%
Operating Profit	₹-170 Cr	₹-116 Cr	₹-202 Cr	+31.8%
OPM %	-69.67%	-305.26%	-412.24%	-338.2%
NPM %	-91.80%	-552.63%	-557.14%	-502.0%
Other Income	₹75 Cr	₹-33 Cr	₹-3 Cr	-144.0%
Depreciation	₹63 Cr	₹4 Cr	₹6 Cr	-93.7%
Interest	₹66 Cr	₹54 Cr	₹60 Cr	-18.2%
EBIT	₹-233 Cr	₹-120 Cr	₹-208 Cr	+48.5%
PBT	₹-224 Cr	₹-204 Cr	₹-267 Cr	+8.9%
Tax	—	—	—	—
Net Profit	₹-224 Cr	₹-210 Cr	₹-273 Cr	+6.2%
EPS	₹-11.78	₹-11.41	₹-14.57	+3.1%
Material Cost	—	—	—	—
Employee Cost	—	—	—	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2021	Mar 2022	Mar 2023	Sep 2023	% Chg
Equity Capital	183	183	183	186	+1.6%
Reserves	-79	-298	-650	-584	+10.2%
Borrowings	2,303	2,097	414	392	-5.3%
Other Liabilities	2,346	1,723	3,259	3,210	-1.5%
Total Liabilities	4,753	3,706	3,207	3,205	-0.1%
Fixed Assets	1,265	1,124	45	39	-13.3%
CWIP	0	0	0	0	—
Investments	317	85	65	53	-18.5%
Other Assets	3,171	2,496	3,097	3,113	+0.5%
Total Assets	4,753	3,706	3,207	3,205	-0.1%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	% Chg
Cash from Operating Activity	767	547	306	378	+23.5%
Cash from Investing Activity	-31	-72	113	-16	-114.2%
Cash from Financing Activity	-743	-497	-415	-361	+13.0%
Net Cash Flow	-6	-22	4	1	-75.0%
Free Cash Flow	758	518	310	381	+22.9%
CFO/OP	230%	111%	89%	-233%	-361.8%

➗ Ratios (latest 4 periods)

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	% Chg
Debtor Days	7	22	1	31	+3000.0%
Cash Conversion Cycle	7	22	1	31	+3000.0%
Working Capital Days	-118	-263	-546	-998	-82.8%
ROCE %	5%	14%	3%	-21%	-800.0%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	26.76%	25.87%	25.95%	25.68%	23.36%	-9.0%
FIIs	0.12%	0.12%	0.12%	0.12%	0.12%	+0.0%
DIIs	5.30%	5.30%	4.41%	4.41%	4.41%	+0.0%
Public	67.82%	68.72%	69.51%	69.81%	72.11%	+3.3%
No. of Shareholders	34,249	33,930	33,541	33,432	33,564	+0.4%

⚖️ Peer comparison

Industry: Construction · top 25 of 137 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	EMBASSY Embassy Office	₹369.92	35,064	92.7	4,763	378	76.6%	7.9%	13.4%	-79.2%	17.1%	25.9%
2	MINDSPACE MINDSPACE.NS 0P0001KHWX	₹345.06	22,843	28.7	3,241	800	80.1%	24.7%	16.4%	35.2%	27.9%	62.8%
3	NXST NXST.NS 0P0001QYGB	₹148.24	22,458	55.7	2,568	404	67.3%	15.7%	12.4%	-16.5%	12.3%	-89.5%
4	BIRET BIRET.NS 0P0001LR17	₹263.49	21,867	42.0	3,295	626	71.8%	19.0%	24.2%	217.9%	51.7%	67.7%
5	WELENT Welspun Enterprises	₹789.00	10,700	35.5	3,544	348	20.2%	9.8%	0.9%	11.1%	-8.4%	-44.2%
6	MAXESTATES Max Estates	₹611.30	10,000	n/m	200	12	9.0%	6.1%	-97.5%	-98.9%	0.8%	-30.0%
7	AFCONS Afcons Infrastructure	₹253.60	9,327	65.0	11,249	143	9.2%	1.3%	-4.8%	-48.6%	-20.8%	-77.9%
8	IRBINVIT IRB InvIT	₹66.38	8,507	25.1	1,546	340	80.0%	22.0%	13.4%	-23.1%	87.2%	3.2%
9	GRINFRA G R	₹850.40	8,229	8.1	9,194	1,017	18.4%	11.1%	15.7%	-1.6%	40.0%	46.6%
10	NCC NCC	₹130.76	8,210	12.7	20,639	682	8.8%	3.3%	-9.9%	-24.3%	12.2%	11.9%
11	RAYMOND Raymond	₹1,219.50	8,116	187.4	2,293	64	11.1%	2.8%	-62.5%	-30.2%	446.4%	-99.4%
12	MAHLIFE Mahindra Lifespace	₹360.05	7,690	31.5	1,179	80	-10.3%	6.8%	216.9%	535.9%	7344.4%	5.7%
13	NESCO Nesco	₹1,056.00	7,441	17.9	951	417	50.7%	43.8%	27.4%	9.9%	9.7%	4.0%
14	CEIGALL Ceigall India	₹386.80	6,738	20.9	4,155	321	14.9%	7.7%	17.0%	7.7%	15.7%	24.2%
15	DBL Dilip Buildcon	₹406.20	6,599	5.0	8,742	1,255	19.2%	14.4%	-20.4%	66.5%	-9.2%	-52.8%
16	KPIGREEN KPI Green	₹314.95	6,226	13.6	2,787	492	35.8%	17.7%	55.3%	56.5%	13.0%	-15.0%
17	HCC Hindustan Construction	₹21.66	5,674	23.3	3,871	244	12.7%	6.3%	-29.2%	-7.2%	-9.0%	0.7%
18	DBREALTY Valor Estate	₹95.20	5,164	n/m	864	12	9.0%	1.4%	61.7%	122.7%	-86.8%	-109.7%
19	MANINFRA Man Infraconstruction	₹124.44	4,951	21.1	666	216	24.1%	32.4%	-43.1%	-32.5%	19.3%	8.2%
20	PURVA Puravankara	₹202.61	4,805	27.9	4,064	150	20.0%	3.7%	85.7%	130.6%	62.0%	136.6%
21	RUSTOMJEE Keystone Realtors	₹356.90	4,508	33.8	2,832	131	6.7%	4.6%	31.5%	-49.4%	72.2%	220.7%
22	AHLUCONT Ahluwalia Contracts	₹601.50	4,029	17.9	4,686	225	8.5%	4.8%	11.4%	32.3%	12.0%	-79.7%
23	SUNTECK Sunteck Realty	₹269.60	3,959	18.6	1,127	211	28.7%	18.7%	31.7%	34.4%	1.7%	25.5%
24	KOLTEPATIL Kolte -	₹428.30	3,798	30.5	1,573	125	9.8%	8.0%	-53.4%	-147.2%	1017.0%	970.9%
25	MEP MEP Infrastructure	₹0.64	12	—	49	-273	-412.2%	-557.1%	-84.4%	6.2%	850.0%	-123.1%

❓ Frequently asked questions

What was MEP Infrastructure Developers Limited's revenue in Q3 FY24?

What was MEP Infrastructure Developers Limited's net profit in Q3 FY24?