Key Metrics of Mep Infrastructure Developers Limited
About Mep Infrastructure Developers Limited
Sectors
Company details
- Registered office
- 2102, Floor-21st, Plot-62, Kesar Equinox, Sir Bhalchandra Road, Hindu Colony, Dadar (east) Mumbai, Mumbai, In-mh, 400014
- Listed
- NSE: MEP · ₹0.63
Operational Areas of Mep Infrastructure Developers Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 19 Apr 2021 | CARE | Other | — | — | — | ₹0 | View |
| 13 Aug 2020 | CARE | Non-cooperating (from BB+) | D | — | Negative | ₹38.5 Cr | View |
| 26 Nov 2019 | CARE | Other | BB+ | — | Negative | ₹19.2 Cr | View |
| 07 Oct 2019 | CARE | Revised (from BBB) | BB+ | A4+ | Negative | ₹67.2 Cr | View |
| 27 Mar 2019 | CARE | Other | — | — | — | — | View |
| 06 Apr 2018 | CARE | Reaffirmed | BBB- | A3 | Stable | ₹891 Cr | View |
| 18 Jul 2017 | CARE | Reaffirmed | BBB | A3 | Stable | ₹891 Cr | View |
| 24 Apr 2017 | CARE | Reaffirmed | BBB- | A3 | Stable | ₹1,550 Cr | View |
Credit strengths (CARE, Aug 2020)
—
Credit challenges
− Delay in debt servicing obligations
As per the lenders interaction with CARE, there are ongoing delays in the debt servicing.
− Decline in revenues as well as profitability
As per information available in public domain, the co mpany has reported a decline in revenue in both the toll collection as well as construction segments due to which total operating income has declined by more than 20% from FY19 to FY20 in the consolidated financials.
Could lead to a downgrade
in the longer than expected time taken by the company in monetizing its assets which moderate its
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Facilities Rating1 Action | Other | — | ₹19.2 Cr | — | D | Revised | CARE |
| on basis ) of best available information Total Facilities (Rupees Nineteen crore twenty four lakhonly) | Other | — | ₹19.2 Cr | — | — | Non-cooperating | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Guarantee | — | Withdrawn |
| Working Capital Limits | — | Withdrawn |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2023-24
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | Last default 13 Aug 2020 |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 35% |
| Information on file | 56% · missing: Audited financial statements (last 18 months), Capex / investment plans, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 41% chance the next rating action is stable or better
Rated limits by facility
Timeline
From the report
The Gross Cash Accruals(GCA) stood lower at Rs. 351.33 crore for F Y2020 as compared to Rs.570 crore for FY2019 (decline of 38% Y -0-Y).
From the report
Moderated financial risk profile and debt coverage indicators MEPIDL’s net worth position improved to Rs. 239.18 crore as on March, 2019 as compared to Rs. 31.55 crore as on March, 2018 on account of QIP (Qualified Institutional Placement) issue amounting to Rs. 161.79 crore during the month of April, 2018.
From the report
The company has total consolidated debt repayment obligations of Rs. 539 crore due in FY20 out of which around Rs. 155 crore has been repaid as on September, 2019.
From the report
Although the equity infusion requiredfor all the 10 HAM projects is Rs. 215 crore as on June 30, 2019, the company needs to infuse approximately Rs. 50 crore in the current financial year i.e.
From the report
In April 2018, the Company had successfully raised Rs. 162 crores through a qualified institutional Payment (QIP) of equity shares thereby resulting into increase in the paid-up capital to that extent.
From the report
The unencumbered cash and bank balance position as on March, 2019 is Rs. 36.68 crore.
From the report
As per consolidated audit report for the year FY19, there were delays in making principal repayments as on March 31, 2019 against loan availed by its SPVs viz., MEP Infrastructure Private Limited, Baramati Tollways Private Limited, MEP RGSL Toll Bridge Private Limited, MEP Tormato Private Limited and MEP Infraprojects Private Limited whichwere subsequently paid.
From the report
Moderated financial risk profile and debt coverage indicators MEPIDL’s net worth position improved to Rs. 239.18 crore as on March, 2019 as compared to Rs. 31.55 crore as on March, 2018 on account of QIP (Qualified Institutional Placement) issue amounting to Rs. 161.79 crore during the month of April, 2018.
From the report
The company has total consolidated debt repayment obligations of Rs. 539 crore due in FY20 out of which around Rs. 155 crore has been repaid as on September, 2019.
From the report
Although the equity infusion required for all the 10 HAM projects is Rs. 215 crore as on June 30, 2019, the company needs to infuse approximately Rs. 50 crore in the current financial year i.e.
From the report
In April 2018, the Company had successfully raised Rs. 162 crores through a qualified institutional Payment (QIP) of equity shares thereby resulting into increase in the paid-up capital to that extent.
From the report
The unencumbered cash and bank balance position as on March, 2019 is Rs. 36.68 crore.
From the report
As per consolidated audit report for the year FY19, there were delays in making principal repayments as on March 31, 2019 against loan availed by its SPVs viz., MEP Infrastructure Private Limited, Baramati Tollways Private Limited, MEP RGSL Toll Bridge Private Limited, MEP Tormato Private Limited and MEP Infraprojects Private Limited which were subsequently paid.
From the report
The company raised Rs.162 crore through capital market via QIP placement.
From the report
It has a negative operating cycle; however cash cash and bank balances is reduced to Rs. 113 crores in FY 18 from Rs. 144 crores in FY17.
From the report
The company successful raised Rs.162 crore through the capital market via QIP placement in March 2018.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Mep Infrastructure Developers Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 RELIANCE INFRASTRUCTURE LIMITED |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
| LODHA DEVELOPERS LIMITED | · Construction | — | — | Mumbai, Maharashtra, India |
 IRCON INTERNATIONAL LIMITED |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| DILIP BUILDCON LIMITED | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R INFRAPROJECTS LIMITED | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
 GMR POWER AND URBAN INFRA LIMITED |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, India |
| KIRLOSKAR INDUSTRIES LIMITED | · Real Estate and Renting | — | — | Pune, Maharashtra, India |
| Plastic Pipes & Water Tanks · Cement, Building Materials & Polymers | astralltd.com | — | Ahmedabad, India | |
| EMBASSY DEVELOPMENTS LIMITED | · Construction | — | — | Gurgaon, Haryana, India |
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Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.