MEP Infrastructure Developers Ltd.
Snapshot View

23.20 +0.30 ▲1.3%

30 July 2021, 04:00:00 P.M.
Volume: 8,099

Overview View Details

Sector Infrastructure Compare with Sector peers
Industry Engineering - Construction Compare with Industry peers
Website http://www.mepinfra.com
Financial Indicators
Market Cap 422.84 Cr.
Earnings per share (EPS) -4.18 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 42.09 Trailing Twelve Months Ending 2021-03
Book Value / Share 6.61 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.49 Calculated using Price: 23.05
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 18.34 Cr. 183,446,051 Shares
FaceValue 10
Company Profile

MEP Infrastructure Developers was incorporated as MEP Toll Road Private Limited on August 8, 2002, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The name of the company was changed from MEP Toll Road Private Limited to MEP Infrastructure Developers Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai, to the company on November 28, 2011. Thereafter, the company was converted into a public limited company pursuant to approval of the shareholders in an extraordinary general meeting held on August 19, 2014 and consequently, the name of the company was changed to MEP Infrastructure Developers Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was granted on September 8, 2014.

The company is an established and leading player in tolling operations in the road infrastructure sector, with a pan-India presence. It focuses on pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties. According to the report on “Assessment of Operate-Maintain-Transfer (OMT) and Toll Collection market for Road Projects in India” dated June 2014 by CRISIL Research (the “CRISIL Report”), the company is the leading player in OMT as well as toll collection in India based on the number of projects operated and quality of project stretches.

The company’s projects are awarded to it through competitive bidding process (electronic bidding in some cases) and after satisfaction of various prescribed pre-qualification criteria. Tenders for its projects are submitted on the basis of traffic volume and revenue forecasting undertaken by it through in house surveys. The company generates revenue from toll collection and OMT projects through collection of toll from commuters. The company’s toll collection and OMT projects have been awarded to it by statutory corporations or government companies primarily being NHAI, MSRDC, RSRDC, RIDCOR, MJPRCL and HRBC.

The company’s portfolio of ongoing toll collection projects includes both Long Term (of an initial term in excess of one year) and Short Term (of an initial term of one year or lesser) projects.

Business area of the company

The company commenced its business with collection of toll at the five Mumbai Entry Points in December 2002, which it undertook for a period of eight years, from December 2002 till November 2008 pursuant to a contract with MSRDC and subsequent extensions thereof, until November 2010. It has an overall experience of over 12 years in this business across 12 states in India. Some of the significant toll collection projects completed by it include: (i) project for collection of toll at five Mumbai Entry Points where it currently operates an OMT contract pursuant to a re-award; (ii) project for collection of toll at Chalthan toll plaza, Gujarat; (iii) project for collection of toll at the toll plazas located at Ahmedabad, AUDA Ring Road, Nadiad, Anand and Vadodara on the Ahmedabad - Vadodara Expressway, Gujarat; (iv) project for collection of toll for the Rajiv Gandhi Sea Link, Mumbai, Maharashtra; (v) project for collection of toll at Chirle toll plaza and Karanjade toll plaza, Maharashtra; and (vi) project for collection of toll at the toll plazas on Hanumangarh - Kishangarh road, Rajasthan.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.31%
1 Week
-5.50%
1 Month
-6.26%
3 Month
+46.84%
6 Month
+36.87%
1 Year
+35.67%
2 Year
-25.52%
5 Year
-48.04%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -209.52 -432.59 255.24 32.79 -56.45
Return on Capital Employed (%) 9.52 9.06 7.21 9.57 19.65 22.58 19.01 18.18 11.73
Return on Assets (%) -1.82 -1.91 -3.96 -3.26 -0.73 2.18 1.39 1.08 -2.54

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 91 29 -88 -226 -112 -8 60 266 181
Non Curr. Liab. 2,975 2,865 2,952 3,052 3,271 3,089 2,839 2,395 1,690
Curr. Liab. 237 346 597 799 2,072 1,663 1,908 2,435 2,947
Minority Int. 1 0 13
Equity & Liab. 3,303 3,239 3,462 3,624 5,230 4,744 4,807 5,095 4,831
Non Curr. Assets 2,549 2,883 3,147 3,209 4,649 3,818 3,664 3,148 2,450
Curr. Assets 754 356 315 415 581 926 1,143 1,947 2,381
Misc. Exp. not W/O
Total Assets 3,303 3,239 3,462 3,624 5,230 4,744 4,807 5,095 4,831

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,080 1,280 1,198 2,009 1,905 1,729 2,322 2,815 2,056
Other Income 56 22 43 33 76 86 120 122 140
Total Income 1,137 1,302 1,241 2,041 1,981 1,815 2,442 2,937 2,196
Total Expenditure -731 -915 -887 -1,565 -374 -440 -1,449 -1,855 -1,699
PBIDT 405 387 354 476 1,606 1,375 993 1,082 497
Interest -377 -377 -380 -404 -642 -493 -470 -464 -414
Depreciation -95 -99 -130 -180 -1,012 -868 -419 -494 -392
Taxation 5 26 24 -8 16 -63 -38 -39 -43
Exceptional Items 158 -31 226
PAT -60 -62 -133 -115 -32 109 66 53 -126

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 306 431 470 276 453 463 710 503 767
Cash Fr. Inv. 82 -39 -48 -87 -73 -57 -373 -19 -31
Cash Fr. Finan. -375 -393 -397 -216 -374 -426 -338 -482 -743
Net Change 14 0 25 -27 6 -20 -1 2 -6
Cash & Cash Eqvt 51 51 76 49 55 35 35 37 30

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 65.77 65.96 65.96 65.47 61.71 61.71 61.71 62.04 61.98
Public 34.23 34.04 34.04 34.53 38.29 38.29 38.29 37.96 38.02
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 47.03 47.45 89.37 94.07 87.30 88.85 84.25 88.09 94.42

Announcements View Details

Fri, 30 Jul 2021
Disclosure Of Related Party Transactions Under Reg 23(9) Of SEBI (LODR) Regulations 2015
MEP Infrastructure Developers Limited has informed the Exchange about related Party Transactions under Reg 23(9) Of SEBI (LODR) Regulations 2015 for the half year ended 31st March 2021
Tue, 27 Jul 2021
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 on July 27 2021 for Jayant D Mahiskar
Tue, 27 Jul 2021
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 on July 27 2021 for Ideal Toll & Infrastructure Pvt Ltd

Technical Scans View Details

Fri, 30 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
ATR Decreasing for 3 Days ATR Decreasing for 3 Days
ATR Decreasing for 5 Days ATR Decreasing for 5 Days

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