BSE:539126

Stock Analysis Report

MEP Infrastructure Developers

Executive Summary

MEP Infrastructure Developers Limited, together with its subsidiaries, engages in toll operation, maintenance, and collection of road infrastructure assets in India.

Snowflake

Fundamentals

Acceptable track record and slightly overvalued.

Risks

  • MEP Infrastructure Developers has significant price volatility in the past 3 months.
  • MEP Infrastructure Developers is covered by less than 3 analysts.

Share Price & News

How has MEP Infrastructure Developers's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.3%

BSE:539126

-4.8%

IN Infrastructure

-0.7%

IN Market


1 Year Return

-44.4%

BSE:539126

-12.3%

IN Infrastructure

-12.1%

IN Market

539126 underperformed the Infrastructure industry which returned -12.3% over the past year.

539126 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

539126IndustryMarket
7 Day-6.3%-4.8%-0.7%
30 Day-1.9%-11.6%-3.2%
90 Day-8.8%-12.0%-7.6%
1 Year-44.4%-44.4%-12.0%-12.3%-10.3%-12.1%
3 Year-25.0%-25.6%8.0%5.8%18.9%12.8%
5 Yearn/a9.5%6.3%37.6%24.7%

Price Volatility Vs. Market

How volatile is MEP Infrastructure Developers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MEP Infrastructure Developers undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

MEP Infrastructure Developers's share price is below the future cash flow value, and at a moderate discount (> 20%).

MEP Infrastructure Developers's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

MEP Infrastructure Developers is overvalued based on earnings compared to the IN Infrastructure industry average.

MEP Infrastructure Developers is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for MEP Infrastructure Developers, we can't assess if its growth is good value.


Price Based on Value of Assets

MEP Infrastructure Developers is overvalued based on assets compared to the IN Infrastructure industry average.


Next Steps

Future Growth

How is MEP Infrastructure Developers expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.2%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MEP Infrastructure Developers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of 539126’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • MEP Infrastructure Developers competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Transportation industry.

Past Performance

How has MEP Infrastructure Developers performed over the past 5 years?

32.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MEP Infrastructure Developers has delivered over 20% year on year earnings growth in the past 5 years.

MEP Infrastructure Developers's 1-year earnings growth is negative, it can't be compared to the 5-year average.

MEP Infrastructure Developers's 1-year earnings growth is negative, it can't be compared to the IN Infrastructure industry average.


Return on Equity

MEP Infrastructure Developers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

MEP Infrastructure Developers used its assets more efficiently than the IN Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

MEP Infrastructure Developers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is MEP Infrastructure Developers's financial position?


Financial Position Analysis

MEP Infrastructure Developers's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

MEP Infrastructure Developers's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

MEP Infrastructure Developers's level of debt (1043.2%) compared to net worth is high (greater than 40%).

MEP Infrastructure Developers had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.

Debt is not well covered by operating cash flow (18.2%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

What is MEP Infrastructure Developers's current dividend yield, its reliability and sustainability?

0.63%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase MEP Infrastructure Developers before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

MEP Infrastructure Developers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

MEP Infrastructure Developers's dividend is below the markets top 25% of dividend payers in India (2.52%).

Whilst dividend payments have been stable, MEP Infrastructure Developers has been paying a dividend for less than 10 years.

Dividend payments have increased, but MEP Infrastructure Developers only paid a dividend in the past 4 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (6.3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of MEP Infrastructure Developers's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Jayant Mhaiskar (43yo)

5.1yrs

Tenure

₹18,000,000

Compensation

Mr. Jayant D. Mhaiskar has been the Managing Director of MEP Infrastructure Developers Limited since July 01, 2014 and its Chairman since February 2018. Mr. Mhaiskar serves as Promoter of MEP Infrastructur ...


CEO Compensation Analysis

Jayant's remuneration is higher than average for companies of similar size in India.

Jayant's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.3yrs

Average Tenure

The tenure for the MEP Infrastructure Developers management team is about average.


Board Age and Tenure

4.9yrs

Average Tenure

54yo

Average Age

The tenure for the MEP Infrastructure Developers board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹5,191,36323 Nov 18
Anuya Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares130,000
Max Price₹39.93
Buy₹6,120,88019 Nov 18
Anuya Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares150,000
Max Price₹40.81
Buy₹7,304,49812 Nov 18
Anuya Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares175,000
Max Price₹42.59
Buy₹930,00015 Oct 18
Anuya Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares25,000
Max Price₹37.20
Buy₹9,300,01209 Oct 18
Anuya Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares200,000
Max Price₹46.50
Buy₹4,749,79204 Oct 18
Anuya Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares100,000
Max Price₹47.50
Buy₹52,517,31205 Sep 18
Sudha Mhaiskar
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Non-Executive Director
Shares1,032,000
Max Price₹50.89

Ownership Breakdown


Management Team

  • Jayant Mhaiskar (43yo)

    Chairman & MD

    • Tenure: 5.1yrs
    • Compensation: ₹18.00m
  • Murzash Manekshana (47yo)

    Deputy MD & Executive Director

    • Tenure: 6.8yrs
    • Compensation: ₹30.00m
  • M. Sankaranarayanan

    Chief Financial Officer

    • Tenure: 6.3yrs
    • Compensation: ₹8.38m
  • Uttam Pawar

    Chief Tolling Officer

    • Tenure: 0.0yrs
  • Subodh Garud

    Chief Executive Officer of Toll Operations

    • Tenure: 0.5yrs
    • Compensation: ₹1.07m
  • Sameer Apte

    Chief Operating Officer of Corporate

    • Tenure: 0.0yrs
  • Vilas Pradhan

    President of Human Resource

    • Tenure: 0.0yrs
  • Arvind Vinze

    Head of Business Development & Corporate Communications

    • Tenure: 7.6yrs
  • Harshad Pusalkar

    Compliance Officer & Company Secretary

    • Tenure: 2.3yrs
    • Compensation: ₹2.05m
  • Pandurang Dandawate

    Chief Executive Officer - Roads & Infrastructure Segment

    • Tenure: 2.3yrs
    • Compensation: ₹24.75m

Board Members

  • Vijay Kishan Aggarwal (62yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: ₹190.00k
  • Anuya Mhaiskar (41yo)

    Non-Independent Non-Executive Director

    • Tenure: 13.0yrs
  • Mira Mehrishi

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: ₹115.00k
  • Jayant Mhaiskar (43yo)

    Chairman & MD

    • Tenure: 5.1yrs
    • Compensation: ₹18.00m
  • Sudha Mhaiskar

    Non-Independent Non-Executive Director

    • Tenure: 1.5yrs
  • Murzash Manekshana (47yo)

    Deputy MD & Executive Director

    • Tenure: 6.8yrs
    • Compensation: ₹30.00m
  • Deepak Chitnis (61yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: ₹215.00k
  • Khimji Pandav (66yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: ₹220.00k

Company Information

MEP Infrastructure Developers Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MEP Infrastructure Developers Limited
  • Ticker: 539126
  • Exchange: BSE
  • Founded: 2002
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: ₹5.797b
  • Shares outstanding: 183.45m
  • Website: https://www.mepinfra.com

Number of Employees


Location

  • MEP Infrastructure Developers Limited
  • A-412, Boomerang
  • Chandivali Farm Road
  • Mumbai
  • Maharashtra
  • 400072
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539126BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2015
MEPNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2015

Biography

MEP Infrastructure Developers Limited, together with its subsidiaries, engages in toll operation, maintenance, and collection of road infrastructure assets in India. The company also constructs and repairs ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 13:01
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.