Reported Earnings • May 31
Full year 2026 earnings released: ₹2.65 loss per share (vs ₹19.21 profit in FY 2025) Full year 2026 results: ₹2.65 loss per share (down from ₹19.21 profit in FY 2025). Revenue: ₹2.72b (up 112% from FY 2025). Net loss: ₹226.3m (down 113% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (₹2.92b market cap, or US$30.8m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.86 loss per share (vs ₹2.83 loss in 3Q 2025) Third quarter 2026 results: ₹0.86 loss per share (improved from ₹2.83 loss in 3Q 2025). Revenue: ₹660.7m (up 117% from 3Q 2025). Net loss: ₹93.8m (loss narrowed 69% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.07x net interest cover). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹4.42b market cap, or US$48.7m). New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.07x net interest cover). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹5.22b market cap, or US$57.9m). Reported Earnings • Nov 16
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₹859.5m (up 161% from 2Q 2025). Net income: ₹76.6m (down 68% from 2Q 2025). Profit margin: 8.9% (down from 72% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
First quarter 2026 earnings released: ₹0.94 loss per share (vs ₹21.32 profit in 1Q 2025) First quarter 2026 results: ₹0.94 loss per share (down from ₹21.32 profit in 1Q 2025). Revenue: ₹629.9m (up 87% from 1Q 2025). Net loss: ₹124.5m (down 106% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Jul 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹6.33b market cap, or US$72.4m). Reported Earnings • Jun 02
Full year 2025 earnings released: ₹1.23 loss per share (vs ₹3.76 loss in FY 2024) Full year 2025 results: ₹1.23 loss per share (improved from ₹3.76 loss in FY 2024). Revenue: ₹2.48b (up 103% from FY 2024). Net income: ₹1.69b (up ₹2.09b from FY 2024). Profit margin: 68% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹43.02, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 58% over the past three years. Buy Or Sell Opportunity • Mar 27
Now 35% overvalued Over the last 90 days, the stock has fallen 31% to ₹41.83. The fair value is estimated to be ₹30.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹39.92, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 57% over the past three years. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹4.24b market cap, or US$48.7m). Buy Or Sell Opportunity • Mar 06
Now 25% overvalued Over the last 90 days, the stock has fallen 33% to ₹38.72. The fair value is estimated to be ₹30.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹35.84, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 42% over the past three years. Reported Earnings • Feb 16
Third quarter 2025 earnings released: ₹2.83 loss per share (vs ₹0.89 loss in 3Q 2024) Third quarter 2025 results: ₹2.83 loss per share (further deteriorated from ₹0.89 loss in 3Q 2024). Revenue: ₹635.6m (up 95% from 3Q 2024). Net loss: ₹306.8m (loss widened 230% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
MBL Infrastructures Limited to Report Q3, 2025 Results on Feb 14, 2025 MBL Infrastructures Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹67.47, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 118% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹1.52 loss per share (vs ₹1.06 loss in 2Q 2024) Second quarter 2025 results: ₹1.52 loss per share. Revenue: ₹742.5m (up 255% from 2Q 2024). Net income: ₹238.1m (up ₹349.0m from 2Q 2024). Profit margin: 32% (up from net loss in 2Q 2024). Announcement • Nov 07
MBL Infrastructures Limited to Report Q2, 2025 Results on Nov 14, 2024 MBL Infrastructures Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 04
MBL Infrastructures Limited, Annual General Meeting, Sep 30, 2024 MBL Infrastructures Limited, Annual General Meeting, Sep 30, 2024, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹71.46, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 293% over the past three years. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹21.32 (vs ₹0.73 loss in 1Q 2024) First quarter 2025 results: EPS: ₹21.32 (up from ₹0.73 loss in 1Q 2024). Revenue: ₹678.6m (up 52% from 1Q 2024). Net income: ₹2.24b (up ₹2.31b from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 08
MBL Infrastructures Limited to Report Q1, 2025 Results on Aug 13, 2024 MBL Infrastructures Limited announced that they will report Q1, 2025 results on Aug 13, 2024 New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.6% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹4.68b market cap, or US$56.1m). Reported Earnings • Jun 04
Full year 2024 earnings released: ₹3.75 loss per share (vs ₹4.82 loss in FY 2023) Full year 2024 results: ₹3.75 loss per share (improved from ₹4.82 loss in FY 2023). Revenue: ₹2.53b (up 59% from FY 2023). Net loss: ₹393.3m (loss narrowed 22% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jun 03
Now 22% overvalued Over the last 90 days, the stock has fallen 8.0% to ₹43.72. The fair value is estimated to be ₹35.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 25
MBL Infrastructures Limited Announces Completion of Tenure of Independent Director & Re-Constitution of Committee of the Board of Directors MBL Infrastructures Limited Board of Directors taken on record that Ms. Sunita Palita will complete her second and final term as an Independent Director and consequently will cease to be a Director of the Company with effect from close of business hours on 25.05.2024. The Board has also considered and approved reconstitution of the Committees of the Board of Directors of the Company with effect from May 26, 2024. Audit Committee Members: Mr. Ram Dayal Modi, Independent Director; Ms. Megha Singh, Independent Director; Mr. Anjanee Kumar Lakhotia, Managing Director. Nomination & Remuneration Committee Chairman: Mr. Ram Dayal Modi, Independent Director and Nomination & Remuneration Committee Members: Mr. Ranjit Datta, Independent Director; Ms. Megha Singh, Independent Director. Stakeholders' Relationship Committee Chairman: Mr. Ram Dayal Modi, Independent Director and Stakeholders' Relationship Committee Members: Mr. Ranjit Datta, Independent Director; Ms. Megha Singh, Independent Director. Corporate Social Responsibility Committee Chairman: Mr. Anjanee Kumar Lakhotia, Managing Director and Corporate Social Responsibility Committee Members: Mr. Ram Dayal Modi, Independent Director; Ms. Megha Singh, Independent Director. Announcement • May 24
MBL Infrastructures Limited to Report Fiscal Year 2024 Results on May 30, 2024 MBL Infrastructures Limited announced that they will report fiscal year 2024 results on May 30, 2024 Buy Or Sell Opportunity • Mar 15
Now 24% overvalued Over the last 90 days, the stock has fallen 12% to ₹45.05. The fair value is estimated to be ₹36.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 16
Third quarter 2024 earnings released: ₹0.89 loss per share (vs ₹1.05 loss in 3Q 2023) Third quarter 2024 results: ₹0.89 loss per share (improved from ₹1.05 loss in 3Q 2023). Revenue: ₹682.5m (up 73% from 3Q 2023). Net loss: ₹92.9m (loss narrowed 16% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. Announcement • Feb 03
MBL Infrastructures Limited to Report Q3, 2024 Results on Feb 14, 2024 MBL Infrastructures Limited announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹4.77b market cap, or US$57.2m). Reported Earnings • Nov 12
Second quarter 2024 earnings released: ₹1.06 loss per share (vs ₹1.68 loss in 2Q 2023) Second quarter 2024 results: ₹1.06 loss per share (improved from ₹1.68 loss in 2Q 2023). Revenue: ₹523.8m (flat on 2Q 2023). Net loss: ₹110.9m (loss narrowed 37% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 207 percentage points per year, which is a significant difference in performance. Announcement • Nov 04
MBL Infrastructures Limited to Report Q2, 2024 Results on Nov 11, 2023 MBL Infrastructures Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 11, 2023 Buying Opportunity • Oct 25
Now 22% undervalued Over the last 90 days, the stock is up 55%. The fair value is estimated to be ₹40.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company became loss making. Announcement • Aug 05
MBL Infrastructures Limited to Report Q1, 2024 Results on Aug 12, 2023 MBL Infrastructures Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 12, 2023 Reported Earnings • Jul 23
Full year 2023 earnings released: ₹4.82 loss per share (vs ₹0.013 profit in FY 2022) Full year 2023 results: ₹4.82 loss per share (down from ₹0.013 profit in FY 2022). Revenue: ₹1.59b (down 3.0% from FY 2022). Net loss: ₹505.2m (down ₹506.5m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 157 percentage points per year, which is a significant difference in performance. Announcement • Jul 16
MBL Infrastructures Limited, Annual General Meeting, Aug 12, 2023 MBL Infrastructures Limited, Annual General Meeting, Aug 12, 2023, at 15:30 Indian Standard Time. Reported Earnings • May 31
Full year 2023 earnings released: ₹4.82 loss per share (vs ₹0.013 profit in FY 2022) Full year 2023 results: ₹4.82 loss per share (down from ₹0.013 profit in FY 2022). Revenue: ₹3.01b (up 83% from FY 2022). Net loss: ₹505.2m (down ₹506.5m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 178 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹1.05 loss per share (vs ₹0.08 profit in 3Q 2022) Third quarter 2023 results: ₹1.05 loss per share (down from ₹0.08 profit in 3Q 2022). Revenue: ₹608.5m (up 36% from 3Q 2022). Net loss: ₹109.9m (down ₹118.0m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 70% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹1.68 loss per share (vs ₹1.23 profit in 2Q 2022) Second quarter 2023 results: ₹1.68 loss per share (down from ₹1.23 profit in 2Q 2022). Revenue: ₹614.8m (up 16% from 2Q 2022). Net loss: ₹176.4m (down 237% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 31
First quarter 2023 earnings released: ₹1.61 loss per share (vs ₹0.01 profit in 1Q 2022) First quarter 2023 results: ₹1.61 loss per share (down from ₹0.01 profit in 1Q 2022). Revenue: ₹585.4m (up 85% from 1Q 2022). Net loss: ₹168.7m (down ₹169.9m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 01
Full year 2022 earnings released: EPS: ₹0.013 (vs ₹6.05 in FY 2021) Full year 2022 results: EPS: ₹0.013 (down from ₹6.05 in FY 2021). Revenue: ₹1.64b (down 19% from FY 2021). Net income: ₹1.34m (down 100% from FY 2021). Profit margin: 0.1% (down from 31% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • May 31
MBL Infrastructures Limited, Annual General Meeting, Jul 30, 2022 MBL Infrastructures Limited, Annual General Meeting, Jul 30, 2022. Reported Earnings • May 30
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: ₹0.01 (down from ₹6.05 in FY 2021). Revenue: ₹2.60b (up 28% from FY 2021). Net income: ₹1.30m (down 100% from FY 2021). Profit margin: 0% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 42%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 19
MBL Infrastructures Limited to Report Fiscal Year 2022 Results on May 28, 2022 MBL Infrastructures Limited announced that they will report fiscal year 2022 results on May 28, 2022 Reported Earnings • Feb 17
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹0.08 (down from ₹7.43 in 3Q 2021). Revenue: ₹446.5m (down 22% from 3Q 2021). Net income: ₹8.10m (down 99% from 3Q 2021). Profit margin: 1.8% (down from 137% in 3Q 2021). The decrease in margin was driven by lower expenses. Revenue missed analyst estimates by 42%. Earnings per share (EPS) exceeded analyst estimates by 10%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
MBL Infrastructures Limited to Report Q3, 2022 Results on Feb 14, 2022 MBL Infrastructures Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹34.95, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹34.10, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹27.05, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹25.20, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 23% share price gain to ₹23.20, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹16.70, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 17x in the Construction industry in India. Total loss to shareholders of 18% over the past three years. Reported Earnings • Jul 14
Full year 2021 earnings released: EPS ₹6.05 (vs ₹25.32 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.03b (down 4.7% from FY 2020). Net income: ₹633.8m (down 76% from FY 2020). Profit margin: 31% (down from 125% in FY 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹24.15, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 41% over the past three years. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS ₹6.05 (vs ₹25.32 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹3.22b (up 52% from FY 2020). Net income: ₹633.7m (down 76% from FY 2020). Profit margin: 20% (down from 125% in FY 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Executive Departure • Mar 06
Independent Non-Executive Director has left the company On the 1st of March, Bhagwan Duggal's tenure as Independent Non-Executive Director ended after 7.6 years in the role. We don't have any record of a personal shareholding under Bhagwan's name. Bhagwan is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹7.43 (vs ₹0.86 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹814.1m (up 77% from 3Q 2020). Net income: ₹778.2m (up ₹870.5m from 3Q 2020). Profit margin: 96% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 03
New 90-day high: ₹9.41 The company is up 6.0% from its price of ₹8.85 on 04 September 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 13% over the same period. Announcement • Sep 03
MBL Infrastructures Limited to Report Q1, 2021 Results on Sep 14, 2020 MBL Infrastructures Limited announced that they will report Q1, 2021 results on Sep 14, 2020 Announcement • Jun 19
MBL Infrastructures Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 MBL Infrastructures Limited announced that they will report fiscal year 2020 results on Jun 30, 2020 
