New Risk • Oct 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (₹344.5m market cap, or US$3.88m). Announcement • Mar 04
MEP Infrastructure Developers Limited Announces Resignation of Vikram Mukadam as Company Secretary / Compliance Officer MEP Infrastructure Developers Limited announced that Mr. Vikram Mukadam, Company Secretary & Compliance Officer of the Company has submitted his resignation dated 3rd March, 2025; due to his personal reasons & to pursue career opportunities. New Risk • Feb 14
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Revenue has declined by 90% over the past year. Market cap is less than US$10m (₹582.8m market cap, or US$6.71m). Minor Risks Negative equity (-₹4.0b). Share price has been volatile over the past 3 months (9.0% average weekly change). New Risk • Oct 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹796.9m (US$9.49m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (₹796.9m market cap, or US$9.49m). Minor Risks Negative equity (-₹4.0b). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Oct 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 7.8% 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 Earnings have declined by 52% per year over the past 5 years. Minor Risks Negative equity (-₹4.0b). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹1.09b market cap, or US$13.0m). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹4.0b). Earnings have declined by 52% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (₹1.42b market cap, or US$16.9m). Reported Earnings • Feb 17
Third quarter 2024 earnings released: ₹5.82 loss per share (vs ₹3.32 loss in 3Q 2023) Third quarter 2024 results: ₹5.82 loss per share (further deteriorated from ₹3.32 loss in 3Q 2023). Net loss: ₹1.08b (loss widened 85% from 3Q 2023). 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 3% per year, which means it is well ahead of earnings. Announcement • Feb 07
MEP Infrastructure Developers Limited to Report Q3, 2024 Results on Feb 14, 2024 MEP Infrastructure Developers Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Nov 11
MEP Infrastructure Developers Limited Announces Board Changes MEP Infrastructure Developers Limited announced that at its board meeting held on November 9, 2023, approved the resignation of Mr. Deepak D. Gadgil, a Whole-Time Director from the Board of the Company with effect from 14th November, 2023; appointed Mr. Arvind N. Vinze as an Additional Director (Non-Executive Non-Independent) of the Company who shall hold the office up to the upcoming Annual General Meeting with effect from 14th November, 2023. Arvind holds a Bachelor's degree in Science from the University of Mumbai, a Master's degree in Journalism (Communication) from Dr. Harisingh Gaur Vishvavidyalaya and a Diploma in Financial Management from the University of Mumbai. He has approximately 36 years of experience. Prior to joining its Company, he was associated with Ideal Toll & Infrastructure Private Limited, Mumbai Metro One Private Limited, Mumbai Doordarshan and Pradeep Metal Treatment Chemicals Private Limited. Announcement • Oct 31
MEP Infrastructure Developers Limited to Report Q2, 2024 Results on Nov 09, 2023 MEP Infrastructure Developers Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Sep 07
MEP Infrastructure Developers Limited, Annual General Meeting, Sep 30, 2023 MEP Infrastructure Developers Limited, Annual General Meeting, Sep 30, 2023, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements for the Financial Year ended 31st March, 2023 together with the Reports of the Directors and Auditors thereon; the Audited Consolidated Financial Statements for the Financial Year ended 31st March, 2023 together with the Reports of the Directors and Auditors thereon; to appoint a Director in place of Mr. Jayant D. Mhaiskar , who retires by rotation at 21st Annual General Meeting and being eligible, offers himself for re-appointment; to consider Ratification of payment of remuneration to Ms. Sumana Ganguli, Cost and Management Accountant, Cost Auditors for the Financial Year 2023-24; and to consider other matters. Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹3.43 loss per share (vs ₹4.23 loss in 1Q 2023) First quarter 2024 results: ₹3.43 loss per share (improved from ₹4.23 loss in 1Q 2023). Revenue: ₹94.7m (down 94% from 1Q 2023). Net loss: ₹625.5m (loss narrowed 19% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
MEP Infrastructure Developers Limited to Report Q1, 2024 Results on Aug 14, 2023 MEP Infrastructure Developers Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Jul 13
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 7.8% 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 Negative equity (-₹4.7b). Earnings have declined by 66% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹2.16b market cap, or US$26.3m). Reported Earnings • Jun 05
Full year 2023 earnings released: ₹14.68 loss per share (vs ₹12.02 loss in FY 2022) Full year 2023 results: ₹14.68 loss per share (further deteriorated from ₹12.02 loss in FY 2022). Revenue: ₹2.69b (down 72% from FY 2022). Net loss: ₹2.59b (loss widened 18% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 17
Third quarter 2023 earnings released: ₹3.32 loss per share (vs ₹0.69 loss in 3Q 2022) Third quarter 2023 results: ₹3.32 loss per share (further deteriorated from ₹0.69 loss in 3Q 2022). Revenue: ₹24.9m (down 99% from 3Q 2022). Net loss: ₹580.9m (loss widened 377% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₹842.2m (down 61% from 2Q 2022). Net loss: ₹546.0m (loss widened 5.7% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Prakash Naringrekar was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 09
MEP Infrastructure Developers Limited to Report Q3, 2023 Results on Feb 14, 2023 MEP Infrastructure Developers Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Aug 14
First quarter 2023 earnings released First quarter 2023 results: ₹3.49 loss per share. Revenue: ₹1.54b (down 44% from 1Q 2022). Net loss: ₹773.1m (down ₹824.4m from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • May 31
Full year 2022 earnings released: ₹12.29 loss per share (vs ₹4.18 loss in FY 2021) Full year 2022 results: ₹12.29 loss per share (down from ₹4.18 loss in FY 2021). Revenue: ₹10.0b (down 11% from FY 2021). Net loss: ₹2.21b (loss widened 188% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 17
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹0.69 loss per share (down from ₹4.61 profit in 3Q 2021). Revenue: ₹2.40b (down 15% from 3Q 2021). Net loss: ₹121.9m (down 114% from profit in 3Q 2021). Revenue missed analyst estimates by 5.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 29
Non-Independent Non-Executive Director recently bought ₹4.7m worth of stock On the 23rd of December, Anuya Mhaiskar bought around 250k shares on-market at roughly ₹18.97 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹4.7m more in shares than they have sold in the last 12 months. Executive Departure • Dec 01
Company Secretary & Compliance Officer Kanika Sehgal has left the company On the 30th of November, Kanika Sehgal's tenure as Company Secretary & Compliance Officer ended after 1.1 years in the role. We don't have any record of a personal shareholding under Kanika's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 4.42 years. Executive Departure • Sep 14
Independent Director Deepak Chitnis has left the company On the 8th of September, Deepak Chitnis' tenure as Independent Director ended after 7.0 years in the role. We don't have any record of a personal shareholding under Deepak's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.25 years. Executive Departure • Sep 14
Independent Director Khimji Pandav has left the company On the 8th of September, Khimji Pandav's tenure as Independent Director ended after 7.0 years in the role. We don't have any record of a personal shareholding under Khimji's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 4.25 years. Reported Earnings • Aug 18
First quarter 2022 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.77b (up 27% from 1Q 2021). Net income: ₹51.4m (up ₹141.4m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹4.19 loss per share (vs ₹4.21 loss in FY 2020) The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2021 results: Revenue: ₹11.2b (down 45% from FY 2020). Net loss: ₹766.3m (flat on FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 08
New 90-day high: ₹21.10 The company is up 14% from its price of ₹18.50 on 08 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 49% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹4.61 (vs ₹3.48 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹4.08b (down 15% from 3Q 2020). Net income: ₹893.4m (up ₹1.51b from 3Q 2020). Profit margin: 22% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Executive Departure • Feb 06
Chief Executive Officer - Roads & Infrastructure Segment Pandurang Dandawate has left the company On the 31st of January, Pandurang Dandawate, was replaced as CEO by Jayant Mhaiskar after 3.7 years in the role. We don't have any record of a personal shareholding under Pandurang's name. A total of 4 executives have left over the last 12 months. Under Pandurang's leadership, the company delivered a total shareholder return of -76%. Is New 90 Day High Low • Dec 28
New 90-day high: ₹19.15 The company is up 45% from its price of ₹13.25 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 34% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹18.45 The company is up 7.0% from its price of ₹17.25 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 25% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₹15.20 The company is down 27% from its price of ₹20.75 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 3.0% over the same period. Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total losses of ₹932.4m, with earnings decreasing by ₹1.31b from the prior year. Total revenue was ₹16.6b over the last 12 months, down 36% from the prior year.