MEP Infrastructure Developers Ltd (NSE: MEP) Share: Today, in this post we’ll discuss about MEP Infrastructure Developers latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Shares of realty company MEP Infrastructure Developers was in focus during trading on Wednesday.
The company’s shares fell 4.7% today to an intraday low of Rs 11.72 from Rs 138. This stock has fallen by 92% since 2017.
Let us tell you that there is a big news behind this fall in shares. Now that the company is in bankruptcy, it has been notified of its debt.
The National Company Law Tribunal (NCLT) has launched insolvency proceedings and appointed an interim resolution specialist against the realty firm MEP Infrastructure Developers.
What Are The Details?
The Mumbai bench of NCLT has accepted the petition filed by the public sector Bank of India under the Insolvency and Bankruptcy Code (IBC).
In this petition, a default in loan payment of Rs 127.86 crore was claimed.
What Was Said In The Order?
In its order passed on March 28, a two-member bench of NCLT said,
“Because of the prevailing facts and circumstances, it is necessary to initiate corporate insolvency resolution process (CIRP) in the case of the debtor company MEP Infrastructure.”
Apart from this, realty company MEP Infrastructure has also been given protection from any lawsuit, direction, and transfer under Section 14 of IBC.
The company had secured some financing from the Bank of India under the Multiple Banking Arrangement (MBA) in March 2010. But she was not able to pay it on time.
After this, the bank filed a petition before NCLT to initiate an insolvency process.
Along with accepting the petition, an interim resolution professional has also been appointed who take control of the company.
About MEP Infrastructure Developers Ltd
MEP Infrastructure Developers Limited is an infrastructure company based in India.
The company is focused on providing services to central and state authorities for the construction, operation, and maintenance of India’s road infrastructure.
The Company is divided into three segments: Toll Collections, Operation & Maintenance, and Construction.
The Company focuses on the collection of tolls and construction of roads along with other ancillary activities such as repair and maintenance of roads, flyovers, and allied structures.
Toll Collection, Operation & Maintenance is responsible for collecting tolls by contracts signed with different Government Authorities and providing road repair and maintenance services to its subsidiaries.
Construction is the segment that focuses on building roads by Engineering, Procurement and Construction Contracts (EPC Contracts) entered into by its subsidiaries and joint-controlled entities.
Fundamental Analysis of MEP Infrastructure Developers Ltd
| Market Cap | ₹ 213 Cr. |
| Current Price | ₹ 11.6 |
| 52-wk High | ₹ 22.2 |
| 52-wk Low | ₹ 9.50 |
| Stock P/E | – |
| Book Value | ₹ -21.6 |
| Dividend | 0.00 % |
| ROCE | -20.9 % |
| ROE | – |
| Face Value | ₹ 10.0 |
| P/B Value | – |
| OPM | -411 % |
| EPS | ₹ -14.6 |
| Debt | ₹ 392 Cr. |
| Debt to Equity | – |
MEP Infrastructure Developers Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 43.46% |
| Mar 2023 | 42.36% |
| June 2023 | 41.27% |
| Sept 2023 | 39.39% |
| Dec 2023 | 39.12% |
| FII Holding | |
| Dec 2022 | 4.05% |
| Mar 2023 | 4.00% |
| June 2023 | 3.95% |
| Sept 2023 | 3.91% |
| Dec 2023 | 3.76% |
| DII Holding | |
| Dec 2022 | 5.17% |
| Mar 2023 | 5.14% |
| June 2023 | 5.60% |
| Sept 2023 | 5.50% |
| Dec 2023 | 5.37% |
| Public Holding | |
| Dec 2022 | 47.32% |
| Mar 2023 | 48.50% |
| June 2023 | 49.17% |
| Sept 2023 | 51.19% |
| Dec 2023 | 51.76% |
MEP Infrastructure Developers Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹2,815 Cr |
| 2020 | ₹2,056 Cr |
| 2021 | ₹1,123 Cr |
| 2022 | ₹967 Cr |
| 2023 | ₹49 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹56 Cr |
| 2020 | ₹-86 Cr |
| 2021 | ₹-77 Cr |
| 2022 | ₹-225 Cr |
| 2023 | ₹-273 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 8.4 |
| 2020 | 10.11 |
| 2021 | 16.43 |
| 2022 | -18.28 |
| 2023 | -0.88 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | – |
| 3 Years: | -3% |
| Current Year: | 38% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | – |
| 3 Years: | – |
| Last Year: | – |
Sales Growth Over 10 Years:
| 10 Years: | -15% |
| 5 Years: | -36% |
| 3 Years: | -51% |
| Current Year: | -90% |
Conclusion
This article is a complete guide about MEP Infrastructure Developers Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.
