Modern Engineering and Project
BSE: MEAPL · Civil Construction · sector
₹21.70BSE close 2026-10-26
Key numbers
Market cap₹34 cr
Price₹21.70
52w high / low₹48 / ₹22
P/E4.6xSector median 12.2x
P/B0.5xSector median 1.3x
Book value₹41.7
Dividend yield–Sector median 0.76%
ROE12.2%Sector median 10.2%
ROCE11.5%Sector median 12.9%
OPM10.6%Sector median 10.7%
Debt / equity0.55xSector median 0.36x
EV/EBITDA6.1xSector median 8.8x
Interest cover9.2x
Current ratio1.47x
Sales growth 3y+20.9%Sector median +6.7%
Profit growth 3y–Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹35 cr (FY26): borrowings are higher by ₹33 cr.
- Operating profit covered interest 9.2x in the last 12 months.
- Other income was 35% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹21.70 on 2026-10-26: -54.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹81.36 · low ₹21.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 42 | 31 | 16 | 25 | 48 | 13 |
| EBITDA | 12 | 3 | 3 | 5 | 1 | 2 |
| OPM % | 27.7% | 8.9% | 20.5% | 18.2% | 1.6% | 16.7% |
| Other income | 0 | 1 | 1 | 1 | 1 | 0 |
| Net profit | 9 | 2 | 3 | 3 | 0 | 1 |
| EPS (₹) | 10.70 | 1.17 | 1.90 | 2.18 | 0.24 | 0.44 |
| Revenue YoY | +12.8% | -58.6% | ||||
| Profit YoY | -96.0% | -62.4% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1 | 68 | 93 | 96 | 120 | 102 |
| EBITDA | -2 | -3 | 10 | 7 | 11 | 11 |
| Net profit | -3 | -3 | 4 | 7 | 8 | 7 |
| EPS (₹) | -9.69 | -8.57 | 11.77 | 7.85 | 5.49 | 4.76 |
| Revenue growth | +5,075.6% | +37.5% | +2.6% | +25.3% | – | |
| Profit growth | – | – | +99.7% | +16.5% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +20.9% | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -39.8% (2y) | -38.9% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 56 | 64 |
| Borrowings | 6 | 35 |
| Cash & equivalents | 3 | 3 |
| Total assets | 128 | 172 |
| Fixed assets | 15 | 15 |
| Capital work in progress | 13 | 15 |
| Investments | 4 | 18 |
| Receivables | 67 | 94 |
| Inventory | 0 | 0 |
| Payables | 48 | 42 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -27 | -15 |
| Cash from investing | -17 | -15 |
| Cash from financing | 45 | 30 |
| Capex | 13 | 2 |
| Free cash flow | -40 | -16 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 13.0% | 13.2% |
| ROCE % | 12.8% | 12.4% |
| Debtor days | 254 | 285 |
| Inventory days | 0 | 0 |
| Payable days | 224 | 166 |
| Cash conversion cycle (days) | 30 | 119 |
| Working capital days | 91 | 115 |
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| MEAPL | ₹34 cr | 4.6x | 0.5x | 12.2% | 11.5% | 10.6% | +20.9% | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | MEAPL |
| BSE code | 539762 |
| ISIN | INE250S01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.