Modern Engineering And Projects Ltd (539762)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Modern Engineering's revenue was ₹12.8 Cr (-58.6% year on year, -73.1% on the previous quarter), and net profit ₹0.7 Cr (-62.5% year on year); the operating margin was 16.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹12.8 | -58.6% | -73.1% |
| Operating profit | ₹2.1 | -22.4% | +178.1% |
| Net profit | ₹0.7 | -62.5% | +83.5% |
| EPS (₹) | 0.44 | -62.4% | +83.3% |
| Operating margin | 16.7% | — | — |
📢 Recent Corporate Announcements
Modern Engineering and Projects Limited has received a Letter of Award (LOA) dated October 6, 2026, from Neelachal Ispat Nigam Limited (NINL) for area grading works at the NINL Expansion Project. The estimated contract price is Rs 113.26 crore (excluding GST), structured as an item rate work order. Given the company's net worth of Rs 64 crore and virtually nil historical revenue quarters, this order win represents a massive scale increase. The contract is scheduled to be completed within 6 months from the award date.
- Received Letter of Award valued at Rs 113,26,49,000 (Rs 113.26 crore) net of GST
- Contract awarded by domestic entity Neelachal Ispat Nigam Limited (NINL)
- Execution timeline is (6) Six months from the award date
- Scope covers Area Grading works at NINL Expansion Project on an Item Rate basis
Modern Engineering And Projects Ltd has appointed Ms. Chaitali Shinde as Company Secretary and Compliance Officer, effective October 05, 2026. Ms. Shinde has been designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013, and authorised to determine materiality under SEBI LODR. She is an ICSI Associate Member with over 11 years of experience in corporate secretarial and legal matters. This is a routine administrative compliance appointment with no direct financial impact.
- Appointment of Ms. Chaitali Shinde effective October 05, 2026
- Appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel
- Candidate holds ICSI Membership No. A40261 with over 11 years of professional experience
- Board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. on October 05, 2026
Modern Engineering And Projects Ltd has appointed Ms. Chaitali Shinde as Company Secretary and Compliance Officer, effective October 05, 2026. Ms. Shinde has been designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013, and authorised to determine materiality under SEBI LODR. She is an ICSI Associate Member with over 11 years of experience in corporate secretarial and legal matters. This is a routine administrative compliance appointment with no direct financial impact.
- Appointment of Ms. Chaitali Shinde effective October 05, 2026
- Appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel
- Candidate holds ICSI Membership No. A40261 with over 11 years of professional experience
- Board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. on October 05, 2026
Modern Engineering And Projects Ltd has appointed Ms. Chaitali Shinde as Company Secretary and Compliance Officer, effective October 05, 2026. Ms. Shinde has been designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013, and authorised to determine materiality under SEBI LODR. She is an ICSI Associate Member with over 11 years of experience in corporate secretarial and legal matters. This is a routine administrative compliance appointment with no direct financial impact.
- Appointment of Ms. Chaitali Shinde effective October 05, 2026
- Appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel
- Candidate holds ICSI Membership No. A40261 with over 11 years of professional experience
- Board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. on October 05, 2026
Modern Engineering And Projects Ltd has announced the resignation of its Chief Financial Officer (Key Managerial Personnel), Mr. Navraj Bhatt, effective from the close of business hours on September 30, 2026. The resignation is cited to be due to personal reasons. The company has not yet named an interim or permanent successor for the role. With the company carrying a debt of ₹36 Cr against a net worth of ₹64 Cr, financial leadership continuity remains a critical area to monitor.
- CFO Navraj Bhatt resigned effective closure of business hours on September 30, 2026
- Departure stated to be due to personal reasons
- Successor or transition plan was not disclosed in the filing
- Company carries total debt of ₹36 Cr with a D/E ratio of 0.56
Modern Engineering And Projects Ltd has announced the resignation of its Chief Financial Officer (Key Managerial Personnel), Mr. Navraj Bhatt, effective from the close of business hours on September 30, 2026. The resignation is cited to be due to personal reasons. The company has not yet named an interim or permanent successor for the role. With the company carrying a debt of ₹36 Cr against a net worth of ₹64 Cr, financial leadership continuity remains a critical area to monitor.
- CFO Navraj Bhatt resigned effective closure of business hours on September 30, 2026
- Departure stated to be due to personal reasons
- Successor or transition plan was not disclosed in the filing
- Company carries total debt of ₹36 Cr with a D/E ratio of 0.56
Modern Engineering and Projects Limited has issued communication to shareholders without registered email addresses regarding the access to its FY 2025-26 Integrated Annual Report and AGM Notice. The 80th Annual General Meeting is scheduled for September 29, 2026, via video conferencing. The cut-off date for e-voting eligibility is September 22, 2026, with remote e-voting running from September 25 to September 28, 2026.
- 80th Annual General Meeting scheduled for Tuesday, September 29, 2026, at 11:00 AM
- Cut-off date to determine e-voting entitlement set as Tuesday, September 22, 2026
- Remote e-voting window opens September 25, 2026 (09:00 AM) and closes September 28, 2026 (05:00 PM)
- Compliance notice issued under Regulation 36(1)(b) of SEBI LODR Regulations
Modern Engineering And Projects Ltd's board approved the unaudited financial results for the quarter ended June 30, 2026, in a meeting held on August 13, 2026. The meeting was brief, lasting 25 minutes, indicating a routine approval of the quarterly performance. Investors should evaluate the reported figures against the previous year's June quarter revenue of Rs 30.94 Cr and PAT of Rs 1.81 Cr. With a current market cap of Rs 47 Cr and a low P/E of 5.5, the company's ability to maintain its TTM OPM of 9.5% is critical for valuation support.
- Board approved unaudited financial results for the quarter ended June 30, 2026
- The board meeting was conducted in 25 minutes, from 4:30 p.m. to 4:55 p.m.
- Company maintains a TTM revenue of Rs 120 Cr against a market cap of Rs 47 Cr
- Current debt-to-equity ratio stands at 0.56 with total debt of Rs 36 Cr
- Promoter holding has remained stagnant at 33.29% for the last four quarters
Modern Engineering and Projects Ltd has received shareholder approval via a special resolution for the appointment of Mr. Abhijit Jayant Deshpande as an Independent Director. The appointment is for a five-year term effective from May 12, 2026. Mr. Deshpande is a senior professional with over 35 years of experience in the power sector and regulatory governance, having served as Secretary of the Maharashtra Electricity Regulatory Commission (MERC). This appointment strengthens the board's expertise as the company operates in the civil construction industry with a TTM revenue of ₹120 Cr.
- Appointment of Mr. Abhijit Jayant Deshpande for a 5-year term effective May 12, 2026.
- Special Resolution passed by shareholders on August 08, 2026, via postal ballot.
- Director brings over 35 years of experience in power distribution and regulatory governance.
- Company maintains a small market cap of ₹47 Cr with a P/E ratio of 5.6.
- The appointee previously served as Secretary of the Maharashtra Electricity Regulatory Commission (MERC).
Modern Engineering and Projects Ltd has announced a board meeting on August 13, 2026, to consider and approve un-audited financial results for the quarter ended June 30, 2026. The company enters this quarter following a FY26 performance where revenue reached Rs 120 Cr with a PAT of Rs 8 Cr. Investors will be monitoring for margin recovery, as the previous quarter (Mar 2026) saw a sharp drop in net profit to Rs 0.37 Cr despite high revenues of Rs 47.62 Cr. The trading window has been closed since July 01, 2026, in compliance with insider trading regulations.
- Board meeting scheduled for August 13, 2026, to review Q1 FY27 results.
- Financials to cover the three-month period ending June 30, 2026.
- Trading window for designated persons has been closed since July 01, 2026.
- Company reported a TTM revenue of Rs 120 Cr and a PAT of Rs 8 Cr for FY26.
- Current market capitalization stands at a micro-cap level of Rs 47 Cr.
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