MBL Infrastructure Ltd Stock Analysis

BSE: 533152 | NSE: MBLINFRA | Engineering - Construction | Small Cap

BSE Share Price 09-Dec-2022 10:11
22.25 0.15 (0.68%)

DeciZen - Make an Informed Decision on MBL Infrastructures

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

MBL Infrastructures Price Chart

P/E Ratio (SA) :
7.14
Market Cap :
231.5 Cr.
52-wk low :
16.8
52-wk high :
43.7
Bole Toh?

1. Is MBL Infrastructure Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that MBL Infrastructure Ltd is a below average quality company.

2. Is MBL Infrastructure Ltd undervalued or overvalued?

The key valuation ratios of MBL Infrastructure Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is MBL Infrastructure Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MBL Infrastructure Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of MBL Infrastructures:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
MBL Infrastructure Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.9%13.9%13%11.6%2.5%7%-2.2%9%9.5%6%-
Value Creation Index -0.2-0.0-0.1-0.2-0.8-0.5-1.2-0.4-0.3-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3431,7541,9482,3142,27148714716614674.176
YoY Gr. Rt. %-30.6%11.1%18.8%-1.9%-78.6%-69.9%13.3%-12%-49.4%-
Adj EPS 15.921.419.420.6-15.5-9.9-4.114.88.96.13.1
YoY Gr. Rt. %-34.8%-9.5%6.3%-175.5%NANANA-39.8%-31.9%-
BVPS (₹) 111.7131.4156.1176.3158.8216.668.8102.6111.5117.6117.8
Adj Net Profit 55.574.980.285.2-64.4-41.2-42.615593.363.632
Cash Flow from Ops. 4.9163-152-15.9-31212.2155-1233.61.6-
Debt/CF from Ops. 96.53.1-4.7-57.1-4.366.86.2-6.5220.5504.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -27.5%-49.6%-20.4%-49.4%
Adj EPS -10.1%NANA-31.9%
BVPS 0.6-5.819.65.4
Share Price -12.6% -2% 67.6% -25.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 15.117.614.512.4-9.3-5.3-5.317.38.35.32.6
Op. Profit Mgn % 1010.311.910.20.67-40-28.34815-91
Net Profit Mgn % 4.14.34.13.7-2.8-8.5-29.193.363.885.842.6
Debt to Equity 1.21.11.11.22.10.91.30.80.70.60.6
Working Cap Days 2492372612683031,5065,0354,2884,8869,832770
Cash Conv. Cycle 177160179182111-8886-683429323

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.64

Return on Equity has declined versus last 3 years average to 2.60%

Sales growth has been subdued in last 3 years -20.35%

Sales growth is not so good in last 4 quarters at -32.07%

Latest Financials - MBL Infrastructure Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 -4.5
TTM Sales (₹ Cr.) 76 157
BVPS (₹.) 117.8 76.6
Reserves (₹ Cr.) 1,129 697
P/BV 0.19 0.29
PE 7.14 0.00
From the Market
52 Week Low / High (₹) 16.75 / 43.65
All Time Low / High (₹) 2.42 / 329.50
Market Cap (₹ Cr.) 232
Equity (₹ Cr.) 104.8
Face Value (₹) 10
Industry PE 28.6

Management X-Ray of MBL Infrastructures :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *2.762.762.762.762.762.762.762.762.762.76
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MBL Infrastructures

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

MBL Infrastructure Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MBL Infrastructures on 09-Dec-2022 10:11 is : 22.25.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2022 10:11 the market cap of MBL Infrastructures stood at ₹ 231.5.
The latest PE ratio of MBL Infrastructures as of 09-Dec-2022 10:11 is 7.14.
The latest PB ratio of MBL Infrastructures as of 09-Dec-2022 10:11 is 0.19
The 52-week high of MBL Infrastructures is ₹ 43.65 and the 52-week low is ₹ 16.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of MBL Infrastructures is ₹ 75.99 ( Cr.) .

About MBL Infrastructure Ltd

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. MBL has a fast growing business that provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. The company has a pan India presence and has executed and undertaken a number of projects in the states of West Bengal, Madhya Pradesh, Uttarakhand, Orissa, Maharashtra, Rajasthan, Assam, Uttar Pradesh, Bihar, Delhi, Andhra Pradesh, Chattisgarh, Jharkhand, Haryana and Karnataka.

MBL has ready mix concrete (RMC) to ensure adequate and timely supply of high quality RMC and also sells RMC to third parties. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants. It has quarrying and mining division to ensure adequate and timely supply of bulk raw material of stone aggregates and also sells surplus stone aggregates to third parties.

MBL has successfully completed the execution of BOT project of 114 kilometers (Km) of Seoni- Balaghat- Rajegaon State Highway under the Public Private Partnership (PPP) arrangements. MBL was among the first batch of contractors to be awarded the contracts of prestigious North South East MBLst Corridor by NHAI and was the first to complete the project.  Moreover, it was also the first to be awarded the comprehensive maintenance of Ring Road and outer Ring Road, the most important corridors of Delhi. MBL also have early mover advantage for maintenance and operation of National Highways. It has successfully completed the work of construction of additional length of service road and side drains from 146 Km to 156 Km including 2-lane flyover on Guwahati Bypass section of NH-37 in the state of Assam.

MBL is managed by a qualified team having prior experience in construction activity. It owns a fleet of equipments, including hot mix plants, sensor pavers, tandom rollers, soil compactors, stone crushers, tippers, loaders, excavators, motorgraders, concrete batching plants, transit mixers, concrete pumps, reversible drum mixers, dozers and cranes.

Milestones:

  • 1996 - Took over Maheshwari Brothers, a partnership firm engaged in the business of trading in steel and waste management at steel plants.
  • 1999 - Was awarded the first batch of contracts for the north-south-east-west corridor projects by the National Highways Authority of India (NHAI)
  • 2000 - The plant and machinery of the company were revalued on Net Replacement Value based on reports submitted by an approved valuer. Net appreciation of Rs. 954.35 lakhs in the value of plant and machinery were credited to the Revaluation Reserve
  • 2001 - Completed four laning of Agra-Gwalior section of National Highway 3 from 41 Km to 51 Km near Dholpur, Rajasthan, for a project value of Rs. 2,052 lakhs, the first to be completed under the northsouth- east-west corridor project by NHAI. Completed the rehabilitation and maintenance of the Tumkur - Harihar section of National Highway 4 for NHAI for Rs. 1,161 lakhs. Also awarded the BOT Project of Seoni-Balaghat-Rajegaon state highway by the Madhya Pradesh Rajya Setu Nirman Nigam (now the Madhya Pradesh Road Development Corporation)
  • 2002- AAP Infrastructure was incorporated as a special purpose vehicle for the purposes of execution of the BOT project.
  • 2003 - Completed two projects for NHAI, a maintenance and toll operations project and a maintenance project
  • 2004 - Completed 60 Km to 70 Km of the four lane Agra-Gwalior section of National Highway in Madhya Pradesh
  • 2005 - Awarded contract for the comprehensive maintenance of Ring Road and Outer Ring Road at the National Capital Territory of Delhi. Also entered into a joint venture with Telecommunications Consultants India (Joint Venture). The joint venture was awarded the contract, valued at Rs 16,700 lakhs.
  • 2006 - AAP Infrastructure became a wholly owned subsidiary of the company.
  • 2007- Awarded the Industrial Infrastructure Development project by Steel Authority of India (SAIL) and Indian Iron and Steel Company (IISCO)
  • 2008 - Completed the development work of its first BOT project on the 114 Km Seoni-Balaghat-Rajegaon state highway.

Subsidiary:

  • AAP Infrastructure - AAP Infrastructure is a 100 % subsidiary company formed as a Special Purpose Vehicle to undertake the build-operate-transfer (BOT) project with the Madhya Pradesh Road Development Corporation on the Seoni-Balaghat-Gondia road in India’s heartland. The subsidiary will be responsible for toll collection for a total concession period of 15 years from project commencement.

Joint ventures:

  • Supreme Infrastructure India
  • Telecommunications Consultants India
  • Calcutta Industrial Supply Corporation
  • Lakeshwari Builders

Clients:

  • National Highways Authority of India (NHAI)
  • Uttar Pradesh Public Works Department, World Bank division
  • Public Works Department, NCT, New Delhi
  • Mumbai Metropolitan Region Development Authority
  • Madhya Pradesh Road Development Corporation
  • Steel Authority of India
  • BSRDC
  • Central Public Works Department
  • Public Works Department, West Bengal
  • Haryana Urban Development Authority
  • Municipal Corporation of Delhi
  • Public Works Department, Uttarkhand
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