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MBL Infrastructure Ltd (MBLINFRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533152 NSE: MBLINFRA Engineering - Construction | Small Cap | MBL Infrastructures Share Price

₹23.45 -0.34 (-1.43%)

As on 26-Aug'26 15:07

MBL Infrastructure Ltd (MBLINFRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533152 NSE: MBLINFRA Engineering - Construction | Small Cap | MBL Infrastructures Share Price

₹23.45 -0.34 (-1.43%)

As on 26-Aug'26 15:07

Key Metrics
Valuation Multiples
Market Cap
₹371 Cr.
Current Price
₹23.5
52-Week Low / High
₹18 / 52
TTM EPS
₹0.6
TTM Sales
₹135 Cr.
Book Value per Share
₹88
P/E Ratio
36.97
Higher than its 5-year historical median
Industry PE
28.2
Price to Book (P/B)
0.27
Lower than its 5-year historical median
Price to Sales (P/S)
2.75
Lower than its 5-year historical median
EV/EBITDA
10.44
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.69%
Underperforms industry median
Return on Capital Employed (ROCE)
8.77%
Underperforms industry median
Return on Assets (ROA)
0.40%
Operating Profit Margin
76.8%
Net Profit Margin
7.58%
Gross Profit Margin
53.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
42.95%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
57.45%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-81%
Asset Quality
Promoter Holding
74.57%
Pledged shares (%) of Promoter's holding (%)
23.31%
Reserves
₹1,216 Cr.
Equity
₹155.9 Cr.
Face Value
₹10
All Time Low / High
₹2.42 / 329.50

MBL Infrastructure stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is MBL Infrastructure Ltd a good quality company?
MBL Infrastructure Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does MBL Infrastructure Ltd performance compare with that of its Peers?
Q.1 Revenue growth of MBL Infrastructure Ltd vs industry peers?
MBL Infrastructure Ltd revenue CAGR is -3.52%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of MBL Infrastructure Ltd?
Promoters hold 74.57% of the MBL Infrastructure Ltd, with 23.31% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of MBL Infrastructure Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -14.6% based on the current price.

10 Year X-Ray :

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 1.7%25.7%-16.2%17.4%6.9%4.4%7.6%7.1%10.7%8.8%-
Value Creation
Index
-0.90.8-2.20.2-0.5-0.7-0.5-0.5-0.2-0.4-

Growth Parameters

Sales 2,27148714716614674.181.357.485.6122135
Sales YoY Gr.--78.6%-69.9%13.3%-12%-49.4%9.7%-29.4%49%43%-
Adj EPS -15.5-9.9-4.114.88.96.10.60.61.70.50.6
YoY Gr.-NANANA-39.8%-31.9%-90.9%14.6%166.7%-73.2%-
BVPS (₹) 158.8216.668.8102.6111.5117.6118.1118.8108.189.588
Adj Net
Profit
-64.4-41.2-42.615593.363.65.86.620.66.910
Cash Flow from Ops. -31212.2155-1233.61.6-4.84.423.558.1-
Debt/CF from Ops. -4.366.86.2-6.5220.5501.2-165.1181.629.112.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -27.7%-3.5%14.6%43%
Adj EPS NA-45%-6.5%-73.2%
BVPS-6.2%-4.3%-8.9%-17.3%
Share Price -14.6% 5.2% -0.8% -44%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-9.3-5.3-5.317.38.35.30.50.51.60.50.7
Op. Profit
Mgn %
0.67-40-28.3481534.234.369.876.8-14.3
Net Profit
Mgn %
-2.8-8.5-29.193.363.885.87.111.524.15.77.4
Debt to
Equity
2.10.91.30.80.70.60.60.60.50.5-
Working Cap
Days
3031,5065,0354,2884,8869,8448,98712,7938,4555,870346
Cash Conv.
Cycle
111-8886-683429288814496315180

Valuation of MBL Infrastructures - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.501.3322.3622.3622.3916.0724.0024.0023.3123.31
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,27148714716614674815786122
Operating Expenses + 2,259455205213766354382628
Manufacturing Costs1336838242422151243
Material Costs2,0283741223720191057
Employee Cost 36997677655
Other Costs 6234111716091412111213
Operating Profit 1232-59-47701128206094
Operating Profit Margin (%) 0.5%6.6%-40.0%-28.3%48.0%15.0%34.2%34.3%69.8%76.8%
Other Income + 365982861148713112711890
Exceptional Items 0402-284285000040-0
Interest 1572467812780147135165119
Depreciation 1815151453116544
Profit Before Tax -126232-28230157674962
Tax -61-7-41-53-88-57-00052
Profit After Tax -65239-241354936467499
PAT Margin (%) -2.9%49.1%-164.0%213.2%63.8%85.8%7.1%11.5%57.0%7.6%
Adjusted EPS (₹)-15.757.7-23.033.88.96.10.60.64.00.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6588987201,0751,1681,2321,2371,2441,3251,364
Share Capital 4141105105105105105105123153
Reserves 6178576159701,0631,1271,1331,1391,2031,212
Debt +1,321810965804791777781735677720
Long Term Debt98690881694704691695698639683
Short Term Debt1,22312084110878686373737
Minority Interest0000000000
Trade Payables12042585352437233
Others Liabilities 253670688404371302340378309272
Total Liabilities 2,3522,4202,4312,3362,3822,3552,3662,3602,3142,360

Fixed Assets

Net Fixed Assets +159145130116645346423834
Gross Block192192193193193193192193192192
Accumulated Depreciation33486277129140146151155158
CWIP 0000000000
Investments 218218303303303303303303313313
Inventories25666443211
Trade Receivables23192107875863143124127116
Cash Equivalents 104459835934
Others Assets 1,7081,9551,8811,8181,9451,9241,8671,8831,8271,862
Total Assets 2,3522,4202,4312,3362,3822,3552,3662,3602,3142,360
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -31212155-12342-532458
PBT -126-1701165767962
Adjustment 164260-58-64-54-76-122-122-102-61
Changes in Working Capital -343-478210-7653721131167039
Tax Paid -7-22-0-1-1-12719
Cash Flow From Investing Activity + 327-85-1-0-0-0-1-10-0
Capex 14-00-0-0-0-0-1-0-0
Net Investments -37-86-1000000
Others 210000000-100
Cash Flow From Financing Activity + 299-3-731270000-10-33
Net Proceeds from Shares 0063000001530
Net Proceeds from Borrowing -170-136127000000
Interest Paid -148-1-0-10000-8-17
Dividend Paid -7000000000
Others 471-20-00000-17-46
Net Cash Flow 1916-4241-52425
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-9.3830.71-29.8239.488.325.30.470.533.80.69
ROCE (%)1.6925.69-16.217.356.854.47.567.0610.698.77
Asset Turnover Ratio0.990.20.060.070.060.030.030.020.040.05
PAT to CFO Conversion(x)N/A0.05N/A-0.350.040.03-0.830.430.496.44
Working Capital Days
Receivable Days76120.90247.40213.40181.10298.30463.40850536.10363.10
Inventory Days61.3011.801512.6011.9018.3014.8015.206.203.20
Payable Days28.60772441.10912.50512.60871.80486.30176.80200.50149.30

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MBL Infrastructure Ltd FAQs

The current trading price of MBL Infrastructures on 26-Aug-2026 15:07 is ₹23.45.

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 25-Aug-2026 the market cap of MBL Infrastructures stood at ₹370.8 Cr

The latest P/E ratio of MBL Infrastructures as of 25-Aug-2026 is 36.97.

The latest P/B ratio of MBL Infrastructures as of 25-Aug-2026 is 0.27.

The 52-week high of MBL Infrastructures is ₹52.00 and the 52-week low is ₹17.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MBL Infrastructures is ₹135 ( Cr.) .

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

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

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

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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