About Mep Infrastructure Developers Limited
Data last updated:
Mep Infrastructure Developers Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 08 August 2002.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45200MH2002PLC136779. Its GSTIN is 27AADCM3650J1ZE (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 539126 and NSE: MEP.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹186.2 Cr. It was formerly known as Mep Infrastructure Developers Private Limited and Mep Toll Road Private Limited. It is led by directors including Jayant Dattatray Mhaiskar (Managing Director) and Anuya Jayant Mhaiskar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2023-24, the company reported a revenue of ₹50.46 Cr, a decline of 15.2% compared to the previous year. For the same year it recorded a net loss of ₹698.14 Cr and EBITDA of -₹724.11 Cr.
The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 30 subsidiaries.
The company is associated with 1 brand: MEP Infrastructure Developers. As per MCA filings, the company has open charges of ₹6,191.42 Cr and satisfied charges of ₹993.53 Cr on record. Court records list 161 cases involving the company, including 50 filed by the company and 112 filed against it; 48 cases are pending. The company has 68 deals on record (52 market trades, 9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹93.8 Cr; the latest was in March 2025. Its 6 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 3 smaller; the largest is Ambala Kala Amb Highway Private Limited with revenue of ₹278.69 Cr. The company has 29 MSME Form 1 returns on record between 2017 and 2022, listing 253 overdue payments to 11 micro and small suppliers.
The last known website on record is mepinfra.com.
Company details
Name history
Mep Infrastructure Developers has undergone 2 name changes throughout its history. The company was previously known as Mep Infrastructure Developers Private Limited, and Mep Toll Road Private Limited. The current legal name is Mep Infrastructure Developers Limited.
| Company Name | Status |
|---|---|
| Mep Infrastructure Developers Limited | Current |
| Mep Infrastructure Developers Private Limited | Previous |
| Mep Toll Road Private Limited | Previous |
CIN history
Mep Infrastructure Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200MH2002PLC136779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200MH2002PLC136779 | Current |
| U45200MH2002PTC136779 | Previous |
| U45200MH2002PLC136779 | Previous |
Contact details
Mep Infrastructure Developers Limited's registered office is in Mumbai, Maharashtra. Its website is mepinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2102 Floor – 21st Plot – 62 Kesar Equinox Sir Bhalchandra Road Hindu Colony Dada, R (East), Mumbai, Maharashtra, India – 400014
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Mep Infrastructure Developers Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Mep Infrastructure Developers operates one associated brand: MEP Infrastructure Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Road infrastructure development is focused on in India. | mepinfra.com |
Business activity
The main business activity of Mep Infrastructure Developers is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Mep Infrastructure Developers Limited, buy the company report.
Financials of Mep Infrastructure Developers Limited
FY 2023-24 filings availableMep Infrastructure Developers Limited reported revenue of ₹50.46 Cr (down 15.2% YoY) for FY 2023-24.
Financial Highlights
FY 2022-23 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 245 | 967 | 1,123 | 2,056 | 2,815 | 2,322 | 1,729 |
| Revenue growth | -74.7% | -13.9% | -45.4% | -26.9% | +21.2% | +34.3% | - |
| EBITDA | (162) | 295 | 379 | 358 | 929 | 873 | 1,289 |
| EBITDA margin | -66.2% | +30.5% | +33.7% | +17.4% | +33.0% | +37.6% | +74.5% |
| Profit before tax | (224) | (172) | (51.05) | (43.25) | 95.01 | 109 | 172 |
| Net profit | (259) | (277) | 16.40 | (258) | 74.50 | 70.89 | 8.61 |
| Net profit margin | -106.0% | -28.7% | +1.5% | -12.6% | +2.7% | +3.1% | +0.5% |
| EPS (₹) | (11.78) | (12.02) | (4.18) | (4.21) | 3.07 | 4.37 | 6.70 |
| Balance sheet | |||||||
| Total assets | (50.60) | 1,998 | 2,458 | 2,663 | 3,398 | 3,542 | 3,676 |
| Net worth | (466) | (114) | 105 | 181 | 266 | 59.83 | (7.91) |
| Total debt | 414 | 2,097 | 2,303 | 2,431 | 2,768 | 3,032 | 2,958 |
| Cash & bank | 14.86 | 44.85 | 48.45 | 91.39 | 113 | 113 | 144 |
| Net working capital | (295) | (340) | (54.61) | 145 | 138 | (253) | (294) |
| Cash flow | |||||||
| Cash from operations | 378 | 306 | 547 | 767 | 503 | 710 | 463 |
| Cash from investing | (16.10) | 113 | (71.69) | (30.77) | (19.21) | (373) | (57.07) |
| Cash from financing | (361) | (415) | (497) | (743) | (482) | (338) | (426) |
| Particulars | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.65 | 13.42 | 6.32 | 10.72 | 2.49 | 81.09 | 150 | 234 |
| Revenue growth (YoY) | +649.0% | -83.5% | -95.8% | -95.4% | -99.0% | - | - | - |
| Other income | 0.26 | 11.32 | 24.27 | 30.46 | 14.52 | 12.63 | 17.39 | 49.95 |
| EBITDA | (96.68) | (35.21) | (51.54) | (85.99) | (49.57) | (18.67) | (15.06) | (58.32) |
| EBITDA margin | -518.4% | -262.4% | -815.5% | -802.1% | -1990.8% | -23.0% | -10.0% | -24.9% |
| Depreciation | 0.73 | 0.71 | 1.51 | 1.53 | 2.08 | 19.49 | 40.01 | 69.02 |
| Interest | 15.96 | 24.09 | 13.52 | 6.18 | 14.93 | 19.48 | 26.06 | 73.83 |
| Profit before tax | (113) | (48.69) | (42.30) | (63.24) | (52.06) | (45.01) | (63.74) | (151) |
| Tax | 3.07 | 3.05 | (0.74) | 0.11 | (0.26) | 0.35 | 0.28 | 11.35 |
| Net profit | (116) | (51.74) | (41.56) | (63.35) | (51.80) | (45.36) | (64.02) | (163) |
| EPS (₹) | (6.29) | (2.81) | (2.27) | (3.45) | (2.82) | (2.47) | (3.49) | (8.86) |
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 50.46 | 59.53 | 194 | 367 | 1,370 | 1,869 | 1,477 |
| Revenue growth | -15.2% | -69.3% | -47.1% | -73.2% | -26.7% | +26.6% | - |
| EBITDA | (724) | (93.98) | 9.07 | (143) | (97.74) | 220 | 220 |
| EBITDA margin | -1435.0% | -157.9% | +4.7% | -38.9% | -7.1% | +11.8% | +14.9% |
| Profit before tax | (757) | (131) | (43.56) | (224) | (185) | 46.96 | 63.83 |
| Net profit | (698) | (131) | (101) | (127) | (141) | 30.05 | 40.08 |
| Net profit margin | -1383.6% | -220.7% | -52.1% | -34.5% | -10.3% | +1.6% | +2.7% |
| EPS (₹) | (40.67) | (7.16) | (2.48) | (12.11) | (7.67) | 1.64 | 2.47 |
| Balance sheet | |||||||
| Total assets | - | 642 | 773 | 863 | 1,238 | 1,452 | 1,235 |
| Net worth | - | 297 | 404 | 448 | 670 | 818 | 638 |
| Total debt | - | 272 | 288 | 341 | 419 | 399 | 363 |
| Cash & bank | - | 13.94 | 25.57 | 34.13 | 57.04 | 56.39 | 56.88 |
| Net working capital | - | (290) | (302) | (367) | (74.78) | 241 | 101 |
| Cash flow | |||||||
| Cash from operations | - | 5.76 | (152) | 103 | 189 | (120) | 281 |
| Cash from investing | - | 11.78 | 248 | 45.05 | (107) | (15.77) | (205) |
| Cash from financing | - | (16.11) | (97.44) | (152) | (83.43) | 129 | (80.19) |
| Particulars | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.49 | 10.92 | 2.91 | 16.15 | 20.12 | 15.88 | 7.70 | 15.84 |
| Revenue growth (YoY) | +1.8% | -31.2% | -62.2% | +2.0% | -38.2% | - | - | - |
| Other income | 5.55 | 0.19 | 1.30 | 3.05 | 4.21 | 4.79 | 2.97 | 0.62 |
| Total expenses | 620 | 93.67 | 30.16 | 30.72 | 80.46 | 12.80 | 16.43 | 44.24 |
| EBITDA | (600) | (82.75) | (27.25) | (14.57) | (60.34) | 3.08 | (8.73) | (28.40) |
| EBITDA margin | -2926.0% | -757.8% | -936.4% | -90.2% | -299.9% | +19.4% | -113.4% | -179.3% |
| Depreciation | 0.63 | 0.69 | 0.71 | 1.35 | 1.36 | 1.90 | 1.90 | 2.79 |
| Interest | 8.96 | 8.95 | 12.53 | 8.94 | 12.52 | 8.91 | 9.07 | 11.20 |
| Profit before tax | (604) | (92.20) | (39.19) | (21.81) | (70.01) | (2.94) | (16.73) | (41.77) |
| Tax | 1.33 | 0.61 | 0.32 | (1.74) | (0.29) | 0.11 | 0.01 | 0.12 |
Financial Statements
| Particulars | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.65 | 13.42 | 6.32 | 10.72 | 2.49 | 81.09 | 150 | 234 |
| Revenue growth (YoY) | +649.0% | -83.5% | -95.8% | -95.4% | -99.0% | - | - | - |
| Other income | 0.26 | 11.32 | 24.27 | 30.46 | 14.52 | 12.63 | 17.39 | 49.95 |
| EBITDA | (96.68) | (35.21) | (51.54) | (85.99) | (49.57) | (18.67) | (15.06) | (58.32) |
| EBITDA margin | -518.4% | -262.4% | -815.5% | -802.1% | -1990.8% | -23.0% | -10.0% | -24.9% |
| Depreciation | 0.73 | 0.71 | 1.51 | 1.53 | 2.08 | 19.49 | 40.01 | 69.02 |
| Interest | 15.96 | 24.09 | 13.52 | 6.18 | 14.93 | 19.48 | 26.06 | 73.83 |
| Profit before tax | (113) | (48.69) | (42.30) | (63.24) | (52.06) | (45.01) | (63.74) | (151) |
| Tax | 3.07 | 3.05 | (0.74) | 0.11 | (0.26) | 0.35 | 0.28 | 11.35 |
| Net profit | (116) | (51.74) | (41.56) | (63.35) | (51.80) | (45.36) | (64.02) | (163) |
| EPS (₹) | (6.29) | (2.81) | (2.27) | (3.45) | (2.82) | (2.47) | (3.49) | (8.86) |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 245 | 967 | 1,123 | 2,056 | 2,815 | 2,322 | 1,729 |
| Revenue growth | -74.7% | -13.9% | -45.4% | -26.9% | +21.2% | +34.3% | - |
| Other income | 67.55 | 77.77 | 166 | 406 | 125 | 125 | 244 |
| Total expenses | 406 | 673 | 745 | 1,699 | 1,886 | 1,449 | 440 |
| Employee cost | 22.71 | 53.55 | 78.97 | 105 | 121 | 85.20 | 73.35 |
| EBITDA | (162) | 295 | 379 | 358 | 929 | 873 | 1,289 |
| EBITDA margin | -66.2% | +30.5% | +33.7% | +17.4% | +33.0% | +37.6% | +74.5% |
| Depreciation | 63.10 | 256 | 253 | 392 | 494 | 419 | 868 |
| Interest | 66.64 | 289 | 343 | 414 | 464 | 470 | 493 |
| Profit before tax | (224) | (172) | (51.05) | (43.25) | 95.01 | 109 | 172 |
| Tax | 0.49 | 52.97 | 25.73 | 42.87 | 39.02 | 38.30 | 63.25 |
| Net profit | (259) | (277) | 16.40 | (258) | 74.50 | 70.89 | 8.61 |
| Net profit margin | -106.0% | -28.7% | +1.5% | -12.6% | +2.7% | +3.1% | +0.5% |
| EPS (₹) | (11.78) | (12.02) | (4.18) | (4.21) | 3.07 | 4.37 | 6.70 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 183 | 183 | 183 | 183 | 183 | 163 | 163 |
| Reserves & surplus | (673) | (298) | (78.87) | (2.13) | 82.06 | (103) | (170) |
| Shareholders' funds (net worth) | (466) | (114) | 105 | 181 | 266 | 59.83 | (7.91) |
| Minority interest | (0.51) | 7.91 | 12.79 | 12.94 | (0.15) | 0.00 | 0.00 |
| Secured loans | 217 | 1,150 | 1,710 | 1,833 | 2,229 | 2,645 | 2,716 |
| Unsecured loans | 197 | 947 | 593 | 598 | 539 | 387 | 242 |
| Total debt | 414 | 2,097 | 2,303 | 2,431 | 2,768 | 3,032 | 2,958 |
| Total liabilities | (50.60) | 1,998 | 2,458 | 2,663 | 3,398 | 3,542 | 3,676 |
| Assets | |||||||
| Gross block | 1,579 | 3,570 | 4,013 | 3,985 | 4,199 | 5,506 | 5,168 |
| Net block | 44.80 | 1,124 | 1,265 | 1,478 | 2,082 | 2,479 | 2,465 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 26.38 | 26.68 | 28.15 |
| Investments | 65.12 | 85.34 | 317 | 332 | 280 | 240 | 166 |
| Inventories | 3.67 | 4.90 | 14.43 | 14.29 | 11.17 | 0.00 | 0.00 |
| Sundry debtors | 20.62 | 2.46 | 67.93 | 40.01 | 82.45 | 86.44 | 35.40 |
| Cash & bank balances | 14.86 | 44.85 | 48.45 | 91.39 | 113 | 113 | 144 |
| Loans & advances | 2,923 | 1,309 | 2,110 | 2,235 | 1,741 | 944 | 746 |
| Total current assets | 2,962 | 1,361 | 2,240 | 2,381 | 1,947 | 1,143 | 926 |
| Total current liabilities | 3,258 | 1,701 | 2,295 | 2,236 | 1,809 | 1,396 | 1,220 |
| Net working capital | (295) | (340) | (54.61) | 145 | 138 | (253) | (294) |
| Total assets | (50.60) | 1,998 | 2,458 | 2,663 | 3,398 | 3,542 | 3,676 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.00 | 8.71 | 30.22 | 36.68 | 34.60 | 35.38 | 55.30 |
| Net cash from operating activities | 378 | 306 | 547 | 767 | 503 | 710 | 463 |
| Net cash from investing activities | (16.10) | 113 | (71.69) | (30.77) | (19.21) | (373) | (57.07) |
| Net cash from financing activities | (361) | (415) | (497) | (743) | (482) | (338) | (426) |
| Net change in cash | 0.92 | 4.29 | (21.50) | (6.47) | 2.08 | (0.78) | (19.91) |
| Closing cash | 14.86 | 44.85 | 48.45 | 91.39 | 113 | 113 | 144 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -74.7% | -13.9% | -45.4% | -26.9% | +21.2% | +34.3% | - |
| EBITDA growth | -154.9% | -22.2% | +5.9% | -61.5% | +6.5% | -32.3% | - |
| PBT growth | -29.9% | -237.9% | -18.0% | - | -13.1% | -36.5% | +9998.0% |
| Net income growth | +6.5% | -1790.2% | +106.4% | -446.9% | +5.1% | +723.3% | - |
| Revenue CAGR (3Y) | -50.8% | -30.0% | -21.5% | +6.0% | +13.9% | +5.0% | +13.0% |
| EBITDA CAGR (3Y) | - | -31.8% | -24.3% | -34.8% | -15.3% | +25.3% | +60.7% |
| Profitability & leverage | |||||||
| Net income margin | -91.8% | -23.3% | -6.8% | -4.2% | +2.0% | +3.1% | +6.3% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | +15.5% | +14.4% | +12.8% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | +14.6% | +16.5% | +5.4% |
| Debt / equity | 0.00 | 0.00 | 16.56 | 11.64 | 17.83 | 115.37 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 11.58 | 8.63 | 14.33 | 96.99 | 0.00 |
| Interest cover | -29.62 | 748.34 | 272.43 | -1,191.52 | 106.79 | 103.48 | 117.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.10 | 0.26 | 0.28 | 0.50 | 0.58 | 0.44 | 0.32 |
| Inventory turnover | 57.07 | 100.09 | 78.22 | 161.54 | 504.01 | 0.00 | 0.00 |
| Debtors turnover | 21.19 | 27.49 | 20.81 | 33.59 | 33.33 | 38.12 | 97.22 |
| EPS (₹) | (11.78) | (12.02) | (4.18) | (4.21) | 3.07 | 4.37 | 6.70 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.30 | 0.25 |
| Book value per share (₹) | (26.71) | (6.22) | 5.70 | 9.88 | 14.47 | 3.68 | (0.49) |
| Particulars | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.49 | 10.92 | 2.91 | 16.15 | 20.12 | 15.88 | 7.70 | 15.84 |
| Revenue growth (YoY) | +1.8% | -31.2% | -62.2% | +2.0% | -38.2% | - | - | - |
| Other income | 5.55 | 0.19 | 1.30 | 3.05 | 4.21 | 4.79 | 2.97 | 0.62 |
| Total expenses | 620 | 93.67 | 30.16 | 30.72 | 80.46 | 12.80 | 16.43 | 44.24 |
| EBITDA | (600) | (82.75) | (27.25) | (14.57) | (60.34) | 3.08 | (8.73) | (28.40) |
| EBITDA margin | -2926.0% | -757.8% | -936.4% | -90.2% | -299.9% | +19.4% | -113.4% | -179.3% |
| Depreciation | 0.63 | 0.69 | 0.71 | 1.35 | 1.36 | 1.90 | 1.90 | 2.79 |
| Interest | 8.96 | 8.95 | 12.53 | 8.94 | 12.52 | 8.91 | 9.07 | 11.20 |
| Profit before tax | (604) | (92.20) | (39.19) | (21.81) | (70.01) | (2.94) | (16.73) | (41.77) |
| Tax | 1.33 | 0.61 | 0.32 | (1.74) | (0.29) | 0.11 | 0.01 | 0.12 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 50.46 | 59.53 | 194 | 367 | 1,370 | 1,869 | 1,477 |
| Revenue growth | -15.2% | -69.3% | -47.1% | -73.2% | -26.7% | +26.6% | - |
| Other income | 10.09 | 12.60 | 72.49 | 24.57 | 34.38 | 13.05 | 14.03 |
| Total expenses | 775 | 154 | 185 | 510 | 1,467 | 1,649 | 1,257 |
| Employee cost | 0.00 | 13.95 | 29.09 | 50.29 | 65.13 | 76.27 | 46.38 |
| EBITDA | (724) | (93.98) | 9.07 | (143) | (97.74) | 220 | 220 |
| EBITDA margin | -1435.0% | -157.9% | +4.7% | -38.9% | -7.1% | +11.8% | +14.9% |
| Depreciation | 3.38 | 7.96 | 82.10 | 42.76 | 51.80 | 122 | 118 |
| Interest | 39.38 | 42.11 | 43.02 | 62.85 | 70.33 | 64.28 | 51.96 |
| Profit before tax | (757) | (131) | (43.56) | (224) | (185) | 46.96 | 63.83 |
| Tax | 0.53 | (0.05) | 1.97 | (1.64) | (44.80) | 16.90 | 23.68 |
| Net profit | (698) | (131) | (101) | (127) | (141) | 30.05 | 40.08 |
| Net profit margin | -1383.6% | -220.7% | -52.1% | -34.5% | -10.3% | +1.6% | +2.7% |
| EPS (₹) | (40.67) | (7.16) | (2.48) | (12.11) | (7.67) | 1.64 | 2.47 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 183 | 183 | 183 | 183 | 183 | 163 |
| Reserves & surplus | - | 89.56 | 220 | 265 | 487 | 634 | 475 |
| Shareholders' funds (net worth) | - | 297 | 404 | 448 | 670 | 818 | 638 |
| Secured loans | - | 129 | 180 | 219 | 294 | 310 | 318 |
| Unsecured loans | - | 142 | 108 | 122 | 125 | 89.03 | 45.21 |
| Total debt | - | 272 | 288 | 341 | 419 | 399 | 363 |
| Total liabilities | - | 642 | 773 | 863 | 1,238 | 1,452 | 1,235 |
| Assets | |||||||
| Gross block | - | 169 | 188 | 195 | 169 | 70.40 | 1,380 |
| Net block | - | 17.83 | 35.80 | 87.85 | 92.62 | 43.38 | 73.11 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 424 | 841 | 853 | 853 | 819 | 779 |
| Inventories | - | 3.67 | 4.90 | 14.43 | 14.29 | 11.17 | 0.00 |
| Sundry debtors | - | 17.52 | 3.63 | 66.02 | 53.18 | 77.95 | 87.62 |
| Cash & bank balances | - | 13.94 | 25.57 | 34.13 | 57.04 | 56.39 | 56.88 |
| Loans & advances | - | 668 | 657 | 1,352 | 1,418 | 1,187 | 751 |
| Total current assets | - | 703 | 691 | 1,466 | 1,542 | 1,333 | 895 |
| Total current liabilities | - | 993 | 993 | 1,833 | 1,617 | 1,092 | 794 |
| Net working capital | - | (290) | (302) | (367) | (74.78) | 241 | 101 |
| Total assets | - | 642 | 773 | 863 | 1,238 | 1,452 | 1,235 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 2.16 | 3.34 | 7.99 | 8.81 | 14.92 | 19.25 |
| Net cash from operating activities | - | 5.76 | (152) | 103 | 189 | (120) | 281 |
| Net cash from investing activities | - | 11.78 | 248 | 45.05 | (107) | (15.77) | (205) |
| Net cash from financing activities | - | (16.11) | (97.44) | (152) | (83.43) | 129 | (80.19) |
| Net change in cash | - | 1.43 | (1.18) | (4.66) | (0.82) | (6.11) | (4.33) |
| Closing cash | - | 13.94 | 25.57 | 34.13 | 57.04 | 56.39 | 56.88 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -15.2% | -69.3% | -47.1% | -73.2% | -26.7% | +26.6% | - |
| EBITDA growth | -670.5% | -1136.2% | +106.4% | -46.0% | -144.3% | +0.1% | - |
| PBT growth | -475.7% | -201.8% | +80.5% | -20.6% | - | -26.4% | +138.4% |
| Net income growth | -431.3% | -29.9% | +20.1% | +10.0% | -568.2% | -25.0% | - |
| Revenue CAGR (3Y) | -48.4% | -64.8% | -53.0% | -37.1% | +20.6% | +39.1% | +17.6% |
| EBITDA CAGR (3Y) | +71.9% | -1.3% | -65.5% | - | - | -29.2% | +75.8% |
| Profitability & leverage | |||||||
| Net income margin | -1500.8% | -220.7% | -23.5% | -60.5% | -10.3% | +1.6% | +2.7% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | -8.6% | +8.3% | +8.8% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | -18.9% | +4.1% | +6.5% |
| Debt / equity | - | 0.80 | 0.74 | 0.68 | 0.55 | 0.52 | 0.61 |
| Long-term debt / equity | - | 0.22 | 0.29 | 0.28 | 0.27 | 0.31 | 0.34 |
| Interest cover | -5.41 | -41.31 | -58.91 | -33.89 | -47.03 | 65.46 | 51.06 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.33 | 1.01 | 2.01 | 11.42 | 2.58 | 1.05 |
| Inventory turnover | - | 13.89 | 20.09 | 25.57 | 107.59 | 334.69 | 0.00 |
| Debtors turnover | - | 5.63 | 5.58 | 6.16 | 20.89 | 22.58 | 24.02 |
| EPS (₹) | (40.67) | (7.16) | (2.48) | (12.11) | (7.67) | 1.64 | 2.47 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.30 |
| Book value per share (₹) | 0.00 | 14.88 | 22.02 | 24.42 | 36.54 | 44.57 | 39.24 |
To see the full year-wise statements and ratios of Mep Infrastructure Developers Limited, buy the company report.
Board of directors of Mep Infrastructure Developers Limited
Mep Infrastructure Developers has 6 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayant Dattatray Mhaiskar Also directs: Jarr Infrastructure LLP, Mhaiskar Landmarks Private Limited, Ideal Toll & Infrastructure Private Limited and 2 more | Managing Director | 08 Aug 2002 | 24 Years 2 Months | As last reported |
| Anuya Jayant Mhaiskar Also directs: Mep Infrastructure Private Limited, Jarr Infrastructure LLP, Hungry Munch LLP and 5 more | Director | 19 Aug 2006 | 20 Years 2 Months | As last reported |
| Prakash Dattatraya Naringrekar | Director | 09 Sep 2021 | 5 Years 1 Months | As last reported |
| Neeraj Vasant Hardikar | Director | 14 Nov 2022 | 3 Years 11 Months | As last reported |
| Anand Arun Desai Also directs: Mep Infrastructure Private Limited | Director | 14 Nov 2022 | 3 Years 11 Months | As last reported |
| Arvind Narayan Vinze Also directs: Rideema Toll Private Limited, Mep Hamirpur Bus Terminal Private Limited, Mep Longjian Acr Private Limited and 2 more | Director | 14 Nov 2023 | 2 Years 11 Months | As last reported |
Peer comparison
Mep Infrastructure Developers Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambala Kala Amb Highway Private Limited | ₹278.69 Cr (FY 2025) | 24.0% | Kaithal, Haryana, India | |||
| H.G. Raipur Visakhapatnam Ap-1 Private Limited | ₹273.89 Cr (FY 2025) | 0.0% | Jodhpur, Rajasthan, India | |||
| SRC Infra Anantapur-Muchukota Ham Private Limited | ₹271.31 Cr (FY 2025) | 17.0% | Anantpur, Andhra Pradesh, India | |||
| Athaang Jammu Udhampur Highway Private Limited | ₹267 Cr (FY 2025) | -19.0% | Delhi, India | |||
| Kishangarh Beawar Nh-8 Tollway Private Limited | ₹266.16 Cr (FY 2025) | 3.0% | Gurgaon, Haryana, India | |||
| Naagaamii Infratech Private Limited | ₹265.63 Cr (FY 2024) | 50.0% | Dimapur, Nagaland, India | |||
| Mep Infrastructure Developers Limitedthis company | ₹50.46 Cr (FY 2024) | -₹698.14 Cr | -15.2% | 25 | Mumbai, Maharashtra, India |
To see the full peer comparison of Mep Infrastructure Developers Limited, buy the company report.
Auditor
Mep Infrastructure Developers Limited is audited by GMJ & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GMJ & CO | FY 2023 | 103429W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 23.40%, foreign institutional investors hold 0.10%, domestic institutional investors hold 4.40% and retail and other public shareholders hold 72.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 23.40% | 25.70% | 26.00% | 25.90% |
| Public | 76.60% | 74.30% | 74.00% | 74.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2021 | 100488379 | Others | ₹2.59 Cr | Open | |
| 27 Mar 2021 | 100439798 | Others | ₹8.46 Cr | Open | |
| 04 Dec 2020 | 100397037 | Others | ₹3 Cr | Open | |
| 20 Feb 2020 | 100331307 | Others | ₹12.25 Cr | Open | |
| 20 Feb 2020 | 100331310 | Others | ₹4 Cr | Open |
To see the full charge records of Mep Infrastructure Developers Limited, buy the company report.
Total charge records: 90 View all charges
Deals & funding
Mep Infrastructure Developers Limited has 68 deals on record (52 market trades, 9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹93.8 Cr; the latest was in March 2025.
Deals on record (5 of 68)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Market trade | ₹16.8 Lakh | Buyer: Cell Well Exim Private Limited Seller: an individual |
| Oct 2024 | Market trade | ₹65.9 Lakh | Seller: Comfort Fincap Limited |
| Aug 2024 | Market trade | ₹4.12 Cr | Buyer: Vani Agencies Private Limited Seller: Polus Global Fund, Elara Capital |
| May 2024 | Market trade | ₹93.3 Lakh | Buyer: Vinod Commodities Limited Seller: Shir Commodities And Futures Private Limited |
| Feb 2024 | Market trade | ₹3.31 Cr | Buyer: Suryatej Advisors LLP Seller: A.T. Trade Overseas Private Limited |
To see the full deal history of Mep Infrastructure Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mep Infrastructure Developers Limited has 161 court cases on record: 50 filed by Mep Infrastructure Developers, 112 filed against it. 48 cases are pending and 113 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 82 | 81 | 34 |
| High courts | 58 | 16 | 14 |
| Supreme Court | 9 | 3 | 0 |
| NCLT | 9 | 9 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 161)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Nyati Engineers and Consultants Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Axis Bank Ltd Through Board Resolution Deepesh Gurav | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Sanjose India Infrastructure and Construction Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Dada Jeetu Buildcon Private Limited | Disposed |
To see the full case history of Mep Infrastructure Developers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Mep Infrastructure Developers Limited has 29 MSME Form 1 returns on record between 2017 and 2022, listing 253 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Asian Controls & Equipments | |||
| G D Apte & Co Chartered Accountants | |||
| an individual supplier | |||
| an individual supplier | |||
| Samarth Softech Solutions Private Limited |
To see the full MSME payment records of Mep Infrastructure Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mep Infrastructure Developers has 30 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mep Roads & Bridges Private Limited | U45201MH2014PTC256362 | |
| Mep Sanjose Kante Waked Road Private Limited | U45201MH2016PTC281169 | |
| Mep Tormato Private Limited | U45202MH2014PTC257802 | |
| Mep Infrastructure Private Limited | U45203MH2010PTC199329 | |
| Balaji Toll Road Private Limited | U45203MH2010PTC203853 | |
| Mep Nagzari Toll Road Private Limited | U45203MH2012PTC237785 |
To see the full group structure of Mep Infrastructure Developers Limited, buy the company report.
Employees & EPFO
Mep Infrastructure Developers Limited has a workforce of 25 employees on its EPFO records as of Jan 20, 2026, across 4 active EPFO establishments.
GST
Mep Infrastructure Developers has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM3650J1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mep Infrastructure Developers Limited, buy the company report.
Recent activity
Mep Infrastructure Developers Limited has 39 board changes on record since 2002: 23 appointments and 16 cessations. The latest: Ravindra Kumar Goyal was appointed as Irp/Rp/Liquidator on 13 May 2024.
166 earlier events are in the company report.
News
Frequently asked questions
Mep Infrastructure Developers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mep Infrastructure Developers is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 08 August 2002 and is registered under CIN L45200MH2002PLC136779. Listed on BSE: 539126 and NSE: MEP. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mep Infrastructure Developers reported revenue of ₹50.46 Cr for FY 2023-24 (down 15.2% YoY) based on standalone financials.
Mep Infrastructure Developers has 6 current directors:
- Jayant Dattatray Mhaiskar - Managing Director
- Anuya Jayant Mhaiskar - Director
- Prakash Dattatraya Naringrekar - Director
- Neeraj Vasant Hardikar - Director
- Anand Arun Desai - Director
- Arvind Narayan Vinze - Director
The latest financial statements of Mep Infrastructure Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mep Infrastructure Developers is L45200MH2002PLC136779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mep Infrastructure Developers is a listed company as per MCA records. Its shares are listed on both BSE (code: 539126) and NSE (symbol: MEP).
Mep Infrastructure Developers has open charges of ₹6,191.42 Cr and satisfied charges of ₹993.53 Cr as per latest MCA filings.
Mep Infrastructure Developers has 161 court cases on record: 50 filed by the company and 112 filed against it. 48 are pending. Most are in the district courts.
Mep Infrastructure Developers was incorporated on 08 August 2002. It is registered with the Registrar of Companies, Mumbai.
Mep Infrastructure Developers has 68 deals on record (52 market trades, 9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹93.8 Cr; the latest was in March 2025.
The peers of Mep Infrastructure Developers by revenue are Ambala Kala Amb Highway Private Limited, H.G. Raipur Visakhapatnam Ap-1 Private Limited, SRC Infra Anantapur-Muchukota Ham Private Limited, Athaang Jammu Udhampur Highway Private Limited, Kishangarh Beawar Nh-8 Tollway Private Limited and 1 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).