Modern Engineering and Projects
MODERNCONVERTERSLTD NSE
Modern Engineering and Projects
ConstructionNSE: MODERNCONVERTERSLTD BSE: 539762 Civil Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹39.43 Cr
Volatility
Moderate
P/E Ratio
5.2
EBITDA
₹11.43 Cr
Return on Equity
13.01%
Debt to Equity
0.56
Book Value
₹41.73
EPS
₹0
52W High
₹49.89
52W Low
₹23.21
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Stock is trading at 0.59 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
Growth Rate
Revenue Growth
22.36% higher than
3Y
Net Income Growth
16.3% lower than
3Y
Cash Flow Change
-608% lower than
3Y
ROE
-103% higher than
3Y
ROCE
-84.25% higher than
3Y
EBITDA Margin (Avg.)
-5.87% higher than
3Y
Quarterly Results
| 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 in Rs | 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
| 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% | -79% | -22% | -17% | -1500% | -250% | -62% | -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 in Rs | 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
| 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 | 64 | 72 |
| Total Liabilities | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 128 | 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 | 94 | 123 |
| Total Assets | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 128 | 172 |
Cash Flow
| 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 | 4,347 | 13,018 | 2 | 0 | 0 | 0 | 409 | 19 | 88 | 254 | 285 |
| Inventory Days | 0 | 61 | 548 | 41 | 531 | 122 | 0 | — | — | — | — | — |
| Days Payable | — | 365 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Cash Conversion Cycle | 325 | 4,043 | 13,566 | 43 | 531 | 122 | 0 | 409 | 19 | 88 | 254 | 285 |
| Working Capital Days | 823 | 3,960 | 13,424 | 569 | 1,19,720 | 19,223 | 13,277 | 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 + investor summaries across FY12–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore. 30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore. 30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore.
3
Board Meeting Outcome for Board Meeting Outcome For The Meeting Held Today
29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals. 29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals.
4
Board Meeting Outcome for Board Meeting Outcome For The Meeting Held Today
29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals. 29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals.
5
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Apr - Received ₹60 crore work order from Tata Steel for priority bituminous trunk road at NINL expansion project. 10 Apr - Received ₹60 crore work order from Tata Steel for priority bituminous trunk road at NINL expansion project.
2
Intimation For 80Th Annual General Meeting Scheduled To Be Held On Tuesday September 29 2026. 5 Sept 2026
Intimation
5
The Company Has Sent Letter To The Shareholder For AGM Whose Email Id Is Not Registered With RTA. 5 Sept 2026
General_Announcements
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[1]
Where is Modern Engineering and Projects Ltd (539762) listed?
Modern Engineering and Projects Ltd trades as MODERNCONVERTERSLTD on the NSE and 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 market capitalisation of Modern Engineering and Projects Ltd?
Modern Engineering and Projects Ltd has a market capitalisation of ₹39.43 Cr, which places it in the Small Cap band.
What is the PE ratio of Modern Engineering and Projects Ltd?
Modern Engineering and Projects Ltd trades at a PE ratio of 5.20, on earnings per share of ₹0, 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 ₹23.21 and ₹49.89.
What is the Return on Equity (ROE) of Modern Engineering and Projects Ltd?
Modern Engineering and Projects Ltd reported a return on equity of 13.01%. Its debt-to-equity ratio is 0.56.
Company Information
Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis[1]
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