MEPServices

MEP Infrastructure Developers Limited

Road Assets–Toll, Annuity, Hybrid-Annuity · ISIN INE776I01010 · BSE 539126 · NSE BZ · FV ₹10
Last price
₹1
-1.54%today
What this company does

MEP Infrastructure Developers Limited operates in Road Assets–Toll, Annuity, Hybrid-Annuity, part of the Services sector. It booked ₹19 cr of revenue in its latest quarter (Q3 FY24) and kept -623.0% of sales as profit. It is the 7th largest of 7 Road Assets–Toll, Annuity, Hybrid-Annuity companies we track, by market value.

9out of 100
Equitytale Health Score
Fragile

Healthier than 9% of companies in Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 17–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns0

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet5

How much it owes, and whether earnings cover the interest

Growth & consistency12

Whether sales and profit have grown, and how steadily

Governance & risk37

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: cash quality, valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 650% vs last year
Watch-outs
! Currently loss-making
! Thin -623.0% net margin
! 75.7% of promoter stake pledged

What if I invest in MEP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1 -1.54%
latest close · 2026-09-17
1-year return
-96.9%
52-wk low ₹152-wk high ₹32
How good is the business?
How much profit it earns from its money and its sales.
Return on capital-23.1%Loss
WeakFairStrong
Net margin-623.0%Loss
ThinDecentStrong
EBITDA margin-433.5%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover-5.1×Risky
RiskyOkayStrong ▸5×
Current ratio0.51Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹12 cr
Book value
₹-21
EPS
₹-5.82
latest quarter
Net debt
₹389 cr
owes more than its cash
Enterprise value
₹401 cr
EBITDA
₹-323 cr
annualised
EBIT
₹-326 cr
annualised
Operating margin
-437.5%
Return on assets
-14.5%
Earnings yield
P/S
0.16
Sales / share
₹4.0
Tax rate
Face value
₹10
Shares
18.6 cr
Working capital
₹-885 cr
Current assets
₹908 cr
Current liabilities
₹1,793 cr
Delivery %
72.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹88₹88, midpoint ₹88

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q3 FY24 (consolidated)
Revenue from Operations₹19 cr
Other Income₹26.2 L
Total Income₹19 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹4 cr
Finance Costs₹16 cr
Depreciation & Amortisation₹72.9 L
Other Expenses₹36 cr
Total Expenses₹57 cr
Exceptional Items₹-59 cr
Profit before Tax₹-98 cr
Tax Expense₹3 cr
Share of JV / Associates₹-7 cr
Net Profit₹-116 cr
Net margin on total income-614.4%
Where the money goes · Q3 FY24
% of total spend
Employee benefit expense₹4 cr7.2%
Finance costs₹16 cr26.5%
Depreciation & amortisation₹72.9 L1.2%
Other expenses₹36 cr60.0%
Tax expense₹3 cr5.1%
Total income ₹19 cr

The company made a net loss of ₹116 cr this quarter — income covered only 31 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ1 FY24Q2 FY24Q3 FY24
Revenue6 cr13 cr19 cr
Total income9 cr15 cr19 cr
Expenses66 cr68 cr57 cr
Profit before tax-56 cr-53 cr-98 cr
Tax-74.2 L3 cr3 cr
Net profit (owners' share)-41 cr-52 cr-116 cr
Net margin (owners' share, on revenue)-655.6%-386.0%-623.0%
EPS (₹)-3.42-3.34-5.82
YoY (latest quarter): total income +129.2% · net profit
Balance sheet & cash flow · as of Sep 2023
Total assets
₹3,205 cr
Shareholder equity
₹-397 cr
parent shareholders
Total debt
₹392 cr
Cash
₹3 cr
Cash flow · H1 FY24
Operating
₹224 cr
Investing
₹12 cr
Financing
₹-235 cr
Peer comparison
Road Assets–Toll, Annuity, Hybrid-Annuity · by market value
CompanyPriceMarket capP/E
BF Utilities Limited₹521₹4,845 cr11.8
Innovision Limited₹254₹657 cr
Highway Infrastructure Limited₹43₹309 cr67.3
ATLANTAA LIMITED₹36₹295 cr
Noida Toll Bridge Company Limited₹4₹74 cr3.4
Gayatri Highways Limited₹2₹45 cr
MEP Infrastructure Developers Limitedthis company₹1₹12 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.3
ex 29 Aug 2019
ActionDetailEx-date
Dividend₹0.3 / share29 Aug 2019
Dividend₹0.3 / share25 Jul 2018
Dividend₹0.15 / share19 Jul 2017
Dividend₹0.1 / share22 Feb 2017
Dividend₹0.1 / share28 Jul 2016
Dividend₹0.1 / share19 Nov 2015
Who owns it · 2026-06-30
75.7% pledged
Promoter
23.4%
FII / Foreign
0.1%
DII / Domestic
4.4%
Retail / others
72.1%
Promoter stake down 16.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtIdeal Toll & Infrastructure Private Limited · Promoters1.75 L · ₹7.6 L6 Nov 24
SoldA J Tolls Private Limited · Promoter Group2.20 L · ₹9.4 L11 Oct 24
SoldAnuya J. Mhaiskar · Promoter Group4.34 L · ₹17.6 L10 Oct 24
Bulk / block deals
SoldSANDEEP KUMAR HISARIA · NSE11.60 L @ ₹1.4524 Mar 25
BoughtCELL WELL EXIM PRIVATE LIMITED · NSE11.60 L @ ₹1.4524 Mar 25
SoldCOMFORT FINCAP LIMITED · NSE16.61 L @ ₹3.9711 Oct 24
Stake changes
SoldIDBI Bank Limited→ 0.00% · 35.80 L15 Jan 25
OthersA J Tolls Private Limited · promoter→ 7.72%11 Oct 24
OthersA J Tolls Private Limited · promoter→ 0.15%11 Oct 24
Promoter pledges
ReleasedLender : Swati Goel Trustee : NA1.75 L · 5.98% held6 Feb 25
InvokedComfor Fincap Limited17.00 L · 6.81% held11 Oct 24
InvokedLender:Badjate Stock Broking Private Limited Trustee: NA10.00 L · 3.97% held11 Oct 24
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 23.4% between them · as of 2026-06-30
A J TOLLS PRIVATE LIMITED7.87%
IDEAL TOLL AND INFRASTRUCTURE PRIVATE LIMITED6.08%
SUDHA DATTATRAY MHAISKAR5.19%
ANUYA JAYANT MHAISKAR3.77%
JAYANT DATTATRAY MHAISKAR0.43%
VIDYALAXMI VIJAY KSHIRSAGAR0.03%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.