Modern Engineering and Projects Limited

BSE: MEAPL · Civil Construction

52W Range₹23 ₹50

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Snapshot

Unlock Modern Engineering and Projects Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Modern Engineering and Projects Limited is an Indian civil construction firm specialising in infrastructure development, including road construction, bridge building, and urban structural works. The company focuses on executing both government and private contracts to support national infrastructure initiatives.

Business Model

The company generates revenue by securing and executing engineering, procurement, and construction contracts for infrastructure projects. It leverages technical expertise in project management to deliver civil engineering solutions across India.

Management Commentary

Management has strategically pivoted the firm's focus away from historical financial and investment activities to concentrate on the expanding Indian infrastructure sector. The company aims to capitalise on national development programmes through enhanced project execution capabilities.

Growth Outlook

Growth is expected to be driven by the company's participation in large-scale national infrastructure projects and urban development initiatives. The firm is positioning itself to capture increased demand for civil engineering expertise within the domestic market.

Key Risks

  • Project Execution Risk. Delays in project timelines or cost overruns can significantly impact the profitability of civil construction contracts.
  • Concentration Risk. Heavy reliance on government contracts makes the company vulnerable to changes in public spending priorities and policy shifts.
  • Competitive Intensity. The Indian infrastructure sector is highly fragmented and competitive, which may exert pressure on operating margins.
  • Macroeconomic Sensitivity. Fluctuations in raw material costs and interest rates can adversely affect the financial performance of construction projects.

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Key Metrics

REVENUE

₹120 Cr

TTM · standalone

+25.3%YoY

NET PROFIT

₹8 Cr

TTM · standalone

+16.6%YoY

EPS

₹5.49

TTM · standalone

-29.9%YoY

RETURN ON EQUITY

14.6%

TTM · standalone

-39.5 ppYoY

RETURN ON CAPITAL EMPLOYED

18.0%

TTM · standalone

-16.7 ppYoY

P/E

5.5x

Q4 FY26 · standalone

5.5 vs 20.6x5Y avg

EV/EBITDA

5.7x

Q4 FY26 · standalone

5.7 vs -0.8x5Y avg

EBITDA MARGIN

12.2%

TTM · standalone

+2.1 ppYoY

NET PROFIT MARGIN

0.8%

Q4 FY26 · standalone

-21.4 ppYoY

DEBT TO EQUITY

0.6x

Q4 FY26 · standalone

+0.45xYoY

Peers · Civil Construction

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Modern Engineering and Projects LimitedMEAPL
₹42 Cr4.925.0725.3%12.2%14.6%18.0%-8.1%
IL&FS Engineering and Construction Company LimitedIL&FSENGG
₹464 Cr354.10254.66-41.5%6.5%0.0%-0.1%+10.1%
Vishnu Prakash R Punglia LimitedVPRPL
₹401 Cr-2.04-7.63-43.3%-19.3%-27.9%-21.7%-75.1%
Markolines Pavement Technologies LimitedMARKOLINES
₹382 Cr12.628.4413.1%14.7%21.7%+2.4%
Zodiac EnergyZODIAC
₹374 Cr15.429.0011.1%21.7%22.1%-36.1%
GVK Power & Infrastructure LimitedGVKPIL
₹335 Cr-53.00-181.56-100.0%-355.6%0.6%-0.7%-34.0%

As of Q4 FY26

Financials