Modern Engineering and Projects
Construction
539762 BSE
₹21.54
Close ·
- P/E
- 4.53
Close 4 Nov 2026 ₹21.54 −15.36 −41.6% 1Y
Start ₹36.90
Key Fundamentals
MicrocapConstructionIndustrialsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 15.10%
- Debt to Equity
- 0.56
- EPS (TTM)
- ₹4.76
- Book Value
- ₹41.73
- Market Cap
- —
- P/E (TTM)
- 4.53
- P/B
- 0.52
- ROE
- 14.10%
- Dividend Yield
- 0.00%
- EBITDA
- ₹14.50 Cr
- 52W High
- ₹47.95
- 52W Low
- ₹19.40
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
35 Poor
Data confidence 93/100
Category scores
- Quality
- 16
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 63
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 23
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 25
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 7
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 40
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Stock is trading at 0.66 times its book value
- Company has delivered good profit growth of 180% CAGR over last 5 years
- Company's median sales growth is 35.4% of last 10 years
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 33.3%
- Company has high debtors of 285 days.
- Promoter holding has decreased over last 3 years: -29.6%
- Working capital days have increased from 43.4 days to 106 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 7 | 0 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
12
Neutral
7
Bullish
0
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 39.56
- Neutral
- MACD (12,26,9)
- −1.04
- Bearish
- SMA (50)
- 25.44
- Bearish
- SMA (200)
- 31.29
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | Zero base |
|---|---|
| 5Y | Zero base |
| 3Y | +20.84% |
| 1Y | +25.00% |
| TTM | −9.29% |
Net profit
| 10Y | Zero base |
|---|---|
| 5Y | Zero base |
| 3Y | Turned to profit |
| 1Y | +14.29% |
| TTM | −7.77% |
Operating cash flow
| 10Y | Outflow widened by ₹14 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow narrowed by ₹12 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | No sales |
|---|---|
| 5Y | No sales |
| 3Y | +13.58 pp |
| 1Y | +1.88 pp |
| TTM | +2.02 pp |
Revenue by year
| Mar 2017 | ₹0.00 Cr |
|---|---|
| Mar 2018 | ₹2.00 Cr |
| Mar 2019 | ₹0.00 Cr |
| Mar 2020 | ₹0.00 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹1.00 Cr |
| Mar 2023 | ₹68.00 Cr |
| Mar 2024 | ₹93.00 Cr |
| Mar 2025 | ₹96.00 Cr |
| Mar 2026 | ₹120 Cr |
Net profit by year
| Mar 2017 | ₹0.00 Cr |
|---|---|
| Mar 2018 | ₹0.00 Cr |
| Mar 2019 | ₹0.00 Cr |
| Mar 2020 | ₹0.00 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | −₹3.00 Cr |
| Mar 2023 | −₹3.00 Cr |
| Mar 2024 | ₹4.00 Cr |
| Mar 2025 | ₹7.00 Cr |
| Mar 2026 | ₹8.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.29 | 16.61 | 19.86 | 40.74 | 14.49 | 16.25 | 22.68 | 42.2 | 30.94 | 16.42 | 24.8 | 47.62 | 12.82 |
| Expenses | 14.23 | 14.09 | 19 | 36.06 | 13.99 | 17.7 | 26.05 | 30.51 | 28.18 | 13.05 | 20.28 | 46.85 | 10.69 |
| Operating Profit | 0.06 | 2.52 | 0.86 | 4.68 | 0.5 | −1.45 | −3.37 | 11.69 | 2.76 | 3.37 | 4.52 | 0.77 | 2.13 |
| OPM % | 0.42% | 15.17% | 4.33% | 11.49% | 3.45% | −8.92% | −14.86% | 27.7% | 8.92% | 20.52% | 18.23% | 1.62% | 16.61% |
| Other Income | 2.34 | 0.04 | 0 | 0 | 1.36 | 0.64 | 0.06 | 0.24 | 0.52 | 1.49 | 0.52 | 0.54 | 0.02 |
| Interest | 0.15 | 0.37 | 0.1 | 0.35 | 0.1 | 0.11 | 0.1 | 0.28 | 0.48 | −0.08 | 0.19 | 0.35 | 0.79 |
| Depreciation | 0.53 | 0.92 | 0.65 | 0.73 | 0.41 | 0.41 | 0.44 | 0.54 | 0.55 | 0.57 | 0.52 | 0.47 | 0.34 |
| PBT | 1.72 | 1.27 | 0.11 | 3.6 | 1.35 | −1.33 | −3.85 | 11.11 | 2.25 | 4.37 | 4.33 | 0.49 | 1.02 |
| Tax % | 25% | 43.31% | 90.91% | 54.72% | 17.78% | −131.58% | −5.97% | 15.66% | 19.11% | 32.49% | 21.94% | 24.49% | 33.33% |
| Net Profit | 1.28 | 0.72 | 0.01 | 1.63 | 1.11 | 0.42 | −3.61 | 9.36 | 1.81 | 2.94 | 3.37 | 0.37 | 0.68 |
| EPS (₹) | 0.83 | 0.46 | 0.01 | 1.05 | 0.72 | 0.27 | −2.34 | 6.06 | 1.17 | 1.9 | 2.18 | 0.24 | 0.44 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 68 | 93 | 96 | 120 | 102 |
| Expenses | 1 | 1 | 0 | 3 | 0 | 0 | 0 | 3 | 71 | 83 | 88 | 108 | 91 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −2 | −3 | 10 | 7 | 11 | 11 |
| OPM % | 0% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −17% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −136% | −4% | 11% | 8% | 10% | 11% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 2 | 2 | 2 |
| PBT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −3 | −3 | 7 | 7 | 11 | 10 |
| Tax % | 100% | 0% | 20% | 0% | 0% | 0% | 0% | −3% | −6% | 46% | 0% | 26% | — |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −3 | −3 | 4 | 7 | 8 | 7 |
| EPS (₹) | 0 | −0.13 | 0.05 | −0.13 | −0.1 | −0.1 | −0.03 | −1.93 | −1.71 | 2.35 | 4.72 | 5.5 | 4.76 |
| Div. Payout % | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 15 | 15 |
| Reserves | 1 | 0 | 1 | 0 | 0 | 0 | 0 | −3 | −7 | −4 | 41 | 49 |
| Borrowings | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 12 | 8 | 36 |
| Other Liabilities | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 32 | 37 | 55 | 72 |
| Total Liabilities | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 118 | 172 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 14 | 18 | 16 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 4 | 18 |
| Other Assets | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 5 | 23 | 30 | 85 | 123 |
| Total Assets | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 118 | 172 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −3 | −1 | 0 | 3 | 0 | 0 | 0 | −3 | 15 | 5 | −27 | −15 |
| Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −3 | −13 | −7 | −17 | −15 |
| Financing | 3 | 1 | 0 | −3 | 0 | 0 | 0 | 6 | −1 | 2 | 45 | 30 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 0 |
| Free Cash Flow | −3 | −1 | 0 | 3 | 0 | 0 | 0 | −5 | 3 | −1 | −40 | −16 |
| CFO/OP | — | 323 | −1,400 | −749 | 40 | 20 | −40 | 165 | −550 | 73 | −341 | −98 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 325 | — | — | 2 | — | — | — | 409 | 19 | 88 | 254 | 285 |
| Inventory Days | 0 | — | — | 41 | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | 0 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 325 | — | — | 43 | — | — | — | 409 | 19 | 88 | 254 | 285 |
| Working Capital Days | 823 | — | — | 569 | — | — | — | 727 | −70 | −55 | 79 | 106 |
| ROCE % | 1% | −4% | 2% | −6% | −4% | −5% | −2% | −44% | −37% | 93% | 21% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Modern Engineering and Projects insights
61 extracted metrics across FY12–FY27.
Documents
- 26 May 2026
- General announcements 7 Oct 2026
- General announcements 7 Oct 2026
Frequently Asked Questions about Modern Engineering and Projects
What does Modern Engineering and Projects Ltd do?
Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis
Where is Modern Engineering and Projects Ltd (MEAPL) listed?
Modern Engineering and Projects Ltd trades under code 539762 on the BSE.
Which sector does Modern Engineering and Projects Ltd belong to?
Modern Engineering and Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the PE ratio of Modern Engineering and Projects Ltd?
Modern Engineering and Projects Ltd trades at a PE ratio of 4.53 as of 4 Nov 2026, on earnings per share of ₹4.76, against a book value of ₹41.73 per share.
What is the 52-week high and low of Modern Engineering and Projects Ltd?
Over the last 52 weeks Modern Engineering and Projects Ltd has traded between ₹19.4 and ₹47.95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Modern Engineering and Projects Ltd?
Modern Engineering and Projects Ltd reported a return on equity of 14.10%. Its debt-to-equity ratio is 0.56.
Company Information
Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis
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