MEP Infrastructure Developers share price & results
- Mar 2024
- Jun 2026
Mumbai-based road-infrastructure company that builds and operates toll collection, O&M and EPC/Hybrid Annuity Mode highway projects across Maharashtra, Rajasthan and Madhya Pradesh.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 20.0 | 0.0% YoY | Quarterly, as filed | Quarter to Mar 2024 | Revenue from operations as filed. |
| Operating margin | -2926.0 | −2626.0 pts YoY | Operating profit / revenue | Quarter to Mar 2024 | For the quarter; a change is in percentage points. |
| Net profit | -605 | Quarterly, as filed | Quarter to Mar 2024 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | +44.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | −14.1 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | −60.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −73.8% 1Y
1Y: ₹2.44 on 24 Oct 2025 → ₹0.64. High ₹2.82 (6 Nov 2025), low ₹0.51 (30 Jul 2026).
- Previous close
- ₹0.63
- Market cap
- ₹12 Cr
- 52-week range
- ₹0.51 – ₹2.82
- One year
- −74.19%
Overview
- Symbol
- NSE:MEP
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What MEP Infrastructure Developers Limited does
Based on the company's own presentations, annual report and earnings calls.
MEP Infrastructure Developers Limited, established in 2002, is engaged in integrated road infrastructure development in India. Through its subsidiaries and joint ventures it operates toll collection and Operate-Maintain-Transfer (OMT) contracts on highways, executes EPC (engineering, procurement, construction) road-building works, and develops projects under the Hybrid Annuity Mode (HAM). It earns user fees from toll plazas (collected electronically via RFID/FASTag) and contract revenue from road construction and widening works for authorities such as NHAI and state PWDs.
Segments
- Toll Collection & O&M
- EPC / Hybrid Annuity Mode (HAM) Construction
- Toll & road project portfolio (FY19)
- 9 named projects across OMT, LT-Toll and EPC (incl. MEPIPL, Hyderabad–Bangalore, Rajiv Gandhi Sea Link, Vidyasagar Setu, Kalyan Shilphata, MEPIDL LT-Toll, MEPIDL EPC, BTPL, Tormato)
- Geographic presence
- Maharashtra, Rajasthan and Madhya Pradesh
- Ongoing EPC/HAM road projects (FY23)
- 2 (Thane–Vadape NH3 widening; Solapur Outer Ring Road HAM)
- Thane–Vadape EPC project scope
- 24 km stretch of NH3 (km 539.202 to 563.00) widened from 4 to 6/8 lanes, incl. 2 major sea-creek bridges, 8 underpasses, 1 flyover, 1 rail-over-bridge, 82 box culverts
- Toll collection technology
- RFID-based FASTag electronic toll collection at project toll plazas
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2018 to Mar 2023).
Financials
What the filings say
Net profit, year on year: −764% (quarter to mar 2024 against mar 2023).
| Line item | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 8 | 16 | 20 | 16 | 3 | 11 | 20 |
| Expenses | 44 | 16 | 13 | 80 | 31 | 30 | 34 | 620 |
| Operating profit | -28 | -9 | 3 | -60 | -15 | -27 | -24 | -600 |
| Operating margin | −179.0% | −113.0% | 19.0% | −300.0% | −90.0% | −936.0% | −216.0% | −2926.0% |
| Other income | 1 | 3 | 5 | 4 | 3 | 1 | -59 | 6 |
| Interest | 11 | 9 | 9 | 13 | 9 | 13 | 9 | 9 |
| Depreciation | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -42 | -17 | -3 | -70 | -22 | -39 | -92 | -604 |
| Tax rate | 0.0% | 0.0% | 4.0% | 0.0% | −8.0% | 1.0% | 1.0% | 0.0% |
| Net profit | -42 | -17 | -3 | -70 | -20 | -40 | -93 | -605 |
| EPS (₹ per share) | -2.28 | -0.91 | -0.17 | -3.80 | -1.09 | -2.15 | -5.06 | -32.97 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Sales | 194 | 60 | 50 |
| Expenses | 186 | 153 | 715 |
| Operating profit | 9 | -94 | -666 |
| Other income | 73 | 13 | -49 |
| Interest | 42 | 42 | 40 |
| Depreciation | 83 | 8 | 4 |
| Profit before tax | -44 | -132 | -757 |
| Net profit | -46 | -132 | -758 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sept 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Equity capital | 183 | 183 | 183 | 183 | 186 | 186 |
| Reserves | 487 | 265 | 220 | 113 | -584 | -644 |
| Borrowings | 419 | 341 | 288 | 272 | 392 | 217 |
| Other liabilities | 1,765 | 1,907 | 1,074 | 1,067 | 3,210 | 1,139 |
| Total liabilities | 2,855 | 2,696 | 1,766 | 1,635 | 3,205 | 899 |
| Fixed assets | 93 | 88 | 36 | 18 | 39 | 8 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 853 | 853 | 841 | 424 | 53 | 168 |
| Other assets | 1,909 | 1,755 | 890 | 1,194 | 3,113 | 723 |
| Total assets | 2,855 | 2,696 | 1,766 | 1,635 | 3,205 | 899 |
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Cash from operations | 281 | -120 | 189 | 103 | -152 | 6 |
| Cash from investing | -205 | -16 | -107 | 45 | 248 | 12 |
| Cash from financing | -80 | 129 | -83 | -152 | -97 | -16 |
| Net cash flow | -4 | -6 | -1 | -5 | -1 | 1 |
| Free cash flow | 254 | -119 | 163 | 95 | -126 | 15 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Debtor days | 15 | 14 | 66 | 7 | 107 | 28 |
| Cash conversion cycle | 15 | 14 | 66 | 7 | 107 | 28 |
| Working capital days | 2 | -100 | -596 | -965 | -3193 | -4973 |
| Return on capital employed | 10.0% | −10.0% | −7.0% | −8.0% | −14.0% | −401.0% |
| Dividend payout | 18.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Toll collection , Operation & Maintenance contributes 100.0% of reported segment revenue.
Year ended 31 Mar 2024 · Consolidated
- Toll collection , Operation & Maintenance 100.0%
₹73.17 crore
- Construction 0.0%
₹0.00 crore
- Share of profit / Loss of associates / Joint Ventures 0.0%
₹0.00 crore
- Exceptional Items 0.0%
₹0.00 crore
- Other Unallocable income net off Unallocable Expenses / Income 0.0%
₹0.00 crore
- Less : Interest 0.0%
₹0.00 crore
- Profit / Loss from discontinued operations 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Toll collection , Operation & Maintenance | 73.17 | 100.0% |
| Construction | 0.00 | 0.0% |
| Share of profit / Loss of associates / Joint Ventures | 0.00 | 0.0% |
| Exceptional Items | 0.00 | 0.0% |
| Other Unallocable income net off Unallocable Expenses / Income | 0.00 | 0.0% |
| Less : Interest | 0.00 | 0.0% |
| Profit / Loss from discontinued operations | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹73.17 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹73.17 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Toll collection , Operation & Maintenance | — | — | — | — | — | — | — | 100% | — |
| Share of profit / Loss of associates / Joint Ventures | — | — | — | — | — | — | — | 0% | — |
| Profit / Loss from discontinued operations | — | — | — | — | — | — | — | 0% | — |
| Construction | — | — | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Exceptional Items | — | — | — | — | — | — | — | 0% | — |
| Other Unallocable income net off Unallocable Expenses / Income | — | — | — | — | — | — | — | 0% | — |
| Less : Interest | — | — | — | — | — | — | — | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Public hold 72.11% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 23.36%
- Foreign institutions 0.12%
- Domestic institutions 4.41%
- Public 72.11%
Who is on the register
Named in the Jun 2026 filing
Every holder of MEP Infrastructure Developers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 7.87% | unchanged | |
| 6.08% | unchanged | |
| 5.19% | unchanged | |
| Mutual fund | 4.41% | unchanged |
| 3.77% | −2.32 pp | |
| 2.66% | unchanged | |
| 2.58% | unchanged | |
| 1.64% | unchanged | |
| 1.51% | unchanged | |
| 1.36% | unchanged | |
| 1.36% | unchanged | |
| 0.43% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in MEP
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹0 Cr
- 1 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹0 Cr
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹0 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -96%
- vs est. average cost
- Held by funds
- ₹0 Cr
- 1 schemes · ≈ 4.4% of the company
Shares held by these funds −1%
Oct '23 80.83 L shares Sep '26
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