Meghna Infracon Infrastructure Limited
NSE: MIILResidential, Commercial Projects
Share price
₹666.55
-0.64% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
43
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,448 Cr
P/E ratio
289.5
P/B ratio
52.9
ROCE
31.3%
ROE
21.9%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Jun 2023 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Jun 2023 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Meghna Infracon Infrastructure Limited — this one | — | 289.5× | — |
| Lodha Developers Limited | 56%/yr | 25.8× | ₹0.46 |
| The Phoenix Mills Limited | 12%/yr | 50.3× | ₹4.2 |
| Oberoi Realty | 9%/yr | 23.4× | ₹2.6 |
| Prestige Estates Projects | 18%/yr | 53.2× | ₹3.0 |
| Godrej Properties | 49%/yr | 28.9× | ₹0.59 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 1 of 86 on returns, 19 of 80 on growth, 32 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 31.3% on capital, ahead of 99% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the 3 years of cash statements on file the business itself consumed ₹7 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹2 crore to ₹22 crore.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 7 checks clear · 86%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 14 Aug 2026 · Consolidated · Unaudited
Revenue
₹8 Cr
Revenue vs last year
-19.5%
Revenue vs last quarter
-54.4%
Net profit
₹1 Cr
Profit vs last year
-62.9%
Profit vs last quarter
-67.9%
Net margin
6.7%
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,448 Cr
- Prev close
- ₹666.55
- 52w High
- ₹819
- 52w Low
- ₹500
- Enterprise value
- ₹1,465 Cr
- Beta
- 0.8
- Price CAGR 1y
- 32.0%
- Price CAGR 3y
- 91.0%
- Price CAGR 5y
- 162.0%
- Price CAGR 10y
- 62.0%
Ratios
- Return on assets
- 9.7%
- PEG ratio
- —
- P/E ratio
- 289.5
- P/B ratio
- 52.9
- EV / EBITDA
- 160.8
- Industry P/E
- 23.0
- ROCE
- 31.3%
- ROCE 5y average
- 50.7%
- ROE
- 21.9%
- Debt / Equity
- 0.8
- Interest coverage
- 40.9
- Dividend yield
- 0.0%
- ROE 3y average
- 32.0%
- ROE last year
- 22.0%
Annual P&L
- Annual revenue
- ₹46 Cr
- Annual profit
- ₹6 Cr
- Operating margin
- 22.1%
- Net profit margin
- 12.1%
- EBITDA margin
- 22.1%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹2.5
- Sales growth TTM
- 23.0%
- Profit growth TTM
- -50.0%
- Dividend payout
- 10.1%
Quarter P&L
- Sales latest quarter
- ₹8 Cr
- Profit latest quarter
- ₹1 Cr
- YoY quarterly sales growth
- -19.5%
- YoY quarterly profit growth
- -62.7%
- OPM latest quarter
- 10.9%
Balance Sheet
- Book Value
- ₹12.6
- Face Value
- ₹10.0
- Total debt
- ₹22 Cr
- Total cash
- ₹5 Cr
- Borrowings
- ₹22 Cr
- Reserves / Equity
- 0.3
Cash Flow
- Operating cash flow
- -₹25 Cr
- Free cash flow
- -₹26 Cr
- FCF yield
- -1.8%
- Net cash flow
- ₹4 Cr
Shareholding
- Promoter holding
- 47.0%
- FII holding
- 8.0%
- DII holding
- —
- Public holding
- 45.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| DLF | 672.95 | 38.7 | 1,66,576 | 1.20 | 793.9 | 4.1 | 1,280.3 | -52.9 | 6.3 |
| Lodha Developers | 1,132.70 | 27.4 | 1,13,200 | 0.38 | 1,373.1 | 103.4 | 4,996.7 | 43.1 | 16.4 |
| Phoenix Mills | 1,928.50 | 53.2 | 68,978 | 0.13 | 394.5 | 23.3 | 1,074.9 | 12.8 | 12.4 |
| Oberoi Realty | 1,765.25 | 24.3 | 64,185 | 0.46 | 543.5 | 29.0 | 1,300.9 | 31.7 | 17.3 |
| Prestige Estates | 1,458.80 | 55.1 | 62,835 | 0.13 | 271.4 | -19.4 | 2,675.1 | 15.9 | 10.4 |
| Godrej Propert. | 1,602.10 | 29.9 | 48,260 | 0.63 | 349.4 | -41.7 | 506.2 | 16.5 | 7.6 |
| Anant Raj | 590.00 | 36.7 | 21,233 | 0.17 | 149.2 | 18.9 | 631.4 | 6.6 | 12.1 |
| Meghna Infracon | 671.55 | 321.4 | 1,459 | 0.04 | 0.6 | -61.1 | 8.4 | -19.5 | 31.3 |
| Median | 135.05 | 23.7 | 937 | 0.00 | 8.5 | 26.6 | 101.2 | 12.8 | 7.6 |
Competes with: Anant Raj Limited, Brigade Enterprises Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | 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 | 21 | 7.41 | 10 | 15 | 3.29 | 9.97 | 12 | 10 | 8.78 | 8.46 | 18 | 8.43 |
| Expenses | 10 | 12 | 2.76 | 5.04 | 8.33 | 8.42 | 7.43 | 4.39 | 16 | 7.51 | |||
| Material Cost | 6.29 | ||||||||||||
| Change in Inventories | 0.04 | ||||||||||||
| Purchases of Stock-in-Trade | 0 | ||||||||||||
| Employee Cost | 0.66 | ||||||||||||
| Other Expenses | 0.52 | ||||||||||||
| Operating Profit | 0.08 | 2.09 | 0.53 | 4.93 | 3.79 | 2.05 | 1.35 | 4.07 | 2.77 | 0.92 | |||
| OPM % | 1.94 | 7.51 | -7.56 | 0.78 | 14 | 16 | 49 | 31 | 20 | 15 | 48 | 15 | 11 |
| Other Income | 0.71 | 0.04 | 0.02 | 0.04 | 0.25 | 0.02 | -0.02 | 0.05 | 0.06 | 0.01 | |||
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 0.10 | 0.01 | 0.28 | 0.01 | 0.01 | 0.03 | 0.03 | 0.09 | 0.09 | 0.14 | |||
| Depreciation | 0.02 | 0.01 | 0.01 | 0.07 | 0.09 | 0.11 | 0.10 | 0.16 | 0.17 | 0.13 | |||
| Profit before tax | 0.67 | 2.11 | 0.26 | 4.89 | 3.94 | 1.93 | 1.20 | 3.87 | 2.57 | 0.66 | |||
| Tax % | 13 | 16 | 7.69 | 26 | -5.84 | 20 | -0 | 72 | 32 | 15 | |||
| Net Profit | 0.58 | 1.78 | 0.24 | 3.62 | 4.15 | 1.53 | 1.20 | 1.10 | 1.77 | 0.57 | |||
| EPS in Rs | 0.27 | 0.74 | 0.14 | 1.57 | 1.81 | 0.64 | 0.48 | 0.44 | 0.92 | 0.25 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 56 | 40 | 46 | 44 |
| Expenses | 52 | 29 | 36 | 35 |
| Operating Profit | 3.56 | 11 | 10 | 9.11 |
| OPM % | 6.40 | 29 | 22 | 21 |
| Other Income | 0.02 | 0.23 | 0.12 | 0.10 |
| Interest | 0.26 | 0.33 | 0.24 | 0.35 |
| Depreciation | 0.06 | 0.18 | 0.54 | 0.56 |
| Profit before tax | 3.26 | 11 | 9.57 | 8.30 |
| Tax % | 2.76 | 13 | 41 | |
| Net Profit | 3.17 | 9.79 | 5.60 | 4.64 |
| EPS in Rs | 1.46 | 4.26 | 2.48 | 2.09 |
| Dividend Payout % | 3.43 | 2.35 | 10 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 23%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- -50%
Stock price CAGR
- 10 years
- 62%
- 5 years
- 162%
- 3 years
- 91%
- 1 year
- 32%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- 32%
- Last year
- 22%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 11 | 11 | 22 |
| Reserves | 2.33 | 11 | 5.54 |
| Borrowings | 2.34 | 3.29 | 22 |
| Other Liabilities | 5.76 | 9.82 | 8.01 |
| Total Liabilities | 21 | 35 | 58 |
| Fixed Assets | 0.11 | 0.97 | 1.57 |
| CWIP | -0 | -0 | -0 |
| Investments | -0 | 0.48 | 0.52 |
| Other Assets | 21 | 34 | 56 |
| Total Assets | 21 | 35 | 58 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | -0 | 18 | -25 |
| Cash from Investing Activity | -0 | -1.88 | -1.12 |
| Cash from Financing Activity | -0 | -16 | 30 |
| Net Cash Flow | -0 | 0.31 | 4.32 |
| Free Cash Flow | -0 | 17 | -26 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor Days | 11 | 65 | 57 |
| Inventory Days | 113 | 333 | 384 |
| Days Payable | 6.69 | 109 | 20 |
| Cash Conversion Cycle | 118 | 289 | 422 |
| Working Capital Days | 123 | 96 | 162 |
| ROCE % | 70 | 31 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
17.19inr_cr
2026-03-31
News
News and filings about Meghna Infracon Infrastructure Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Classification
- Realty › Residential, Commercial Projects
- ISIN
- INE898Q01015
News impact
Big market events that reach Meghna Infracon Infrastructure Limited, and how the effect spreads.
30 Sept, 22:28 IST · Market event · medium impact
Mumbai property registrations rise 5% to 12,610 units in September
Mumbai home registrations rose 5% to 12,610 in September on festival buying, helping Mumbai builders like Lodha and Oberoi, while developers in other cities gain little.
Who it hits first
- Mumbai recorded 12,610 property registrations in September, up 5%, with festival-season buying driving a large share.
- Lodha Developers, Mumbai's biggest homebuilder, and Oberoi Realty, a premium Mumbai builder, gain the most direct sales support.
- Godrej Properties, a nationwide builder with large Mumbai projects, also benefits, while builders focused on other cities feel only a mood lift.
Who may gain
- Lodha Developers (Mumbai homebuilder) — more bookings from stronger city demand
- Oberoi Realty (premium Mumbai builder) — faster sales of high-end city flats
- Godrej Properties (nationwide builder) — support for its Mumbai launch pipeline
- Sri Lotus Developers (Mumbai luxury builder) — deeper buyer pool for big-ticket homes
- Construction suppliers such as UltraTech Cement and Capacite Infraprojects — more building work if sales spur new launches
Along the supply chain
Downstream
There is no corporate buyer chain in the graph; the end customer is the Mumbai homebuyer registering the flat, plus brokers and lenders who earn fees on each deal.
Upstream
Builders buy cement, blocks, and contracting work from suppliers named in the pack — UltraTech Cement, Bigbloc Construction, Capacite Infraprojects, and Ahluwalia Contracts — so sustained sales would pull more orders through these vendors.
Where demand moves
Business
Homebuyers registered 5% more properties in Mumbai, so city builders like Lodha and Oberoi collect bookings and customer advances faster, which funds their ongoing projects.
Capital
Investors are likely to bid up Mumbai-exposed realty stocks first, with a smaller sympathy flow into large national builders like DLF.
How it spreads across sectors
Realty
Positive read-through: firm Mumbai sales support builder bookings, launch confidence, and stock sentiment across listed developers.
When it plays out
Immediate
Realty stocks with Mumbai exposure firm up over 1-7 days as traders react to the 5% registration beat.
Medium term
Over 1-6 months, sustained registrations would convert into collections and margin gains; a post-festival dip would fade the signal.
Short term
Over 1-4 weeks, builders report festival bookings; strong numbers turn into launch announcements and brokerage upgrades.
28 Sept, 10:21 IST · Market event · medium impact
What RBI’s new REIT, InvIT valuation rule means
RBI changed how REIT and InvIT values are calculated, which may trim property values and hurts indebted developers most while strong builders watch and wait.
Who it hits first
- RBI, India's central bank, issued a new rule changing how REITs (listed office trusts) and InvITs (listed road and power trusts) calculate their net asset value, or NAV.
- The pack carries no rule text or article detail, so the market must guess whether NAVs fall a little or a lot.
- Property and construction shares face fresh valuation doubt, with weak and pledged developers hit hardest and strong names drifting lower.
Who may gain
- No clear winners — this rule tightens values, so it pressures sellers, not buyers.
- Strong cash-rich builders like DLF and Lodha, who can buy cheap assets if weaker rivals must sell.
- Valuers and auditors, who get fresh work restating NAVs under the new method.
Along the supply chain
Downstream
No direct downstream link — homebuyers and office tenants pay rents and prices, not NAVs, so no customer chain moves.
Upstream
No direct supply-chain link — a valuation formula does not order cement, steel or labour.
Where demand moves
Business
No homes or offices are bought or cancelled because of a valuation formula; builders keep selling, but their stated asset values may shrink.
Capital
Investors pause fresh buying in REIT-linked property names and demand a bigger discount until the new NAVs are published.
How it spreads across sectors
Construction
Mild negative as InvIT funding caution could slow new road and power orders, but EPC builders feel little direct hit.
Realty
Negative for office and mall owners whose values mirror REIT NAVs; housing-only builders feel only sympathy selling.
A pattern seen before
Cascade chain
- RBI resets REIT/InvIT NAV math → listed trust values restated
- Property and infra asset prices re-anchor to lower NAVs
- Developers face higher funding scrutiny; lenders reprice builder loans
Pattern name
RBI Rate Cascade
Patterns
- RBI Rate Cascade
Sectors queried
- Auto
- Banking
- Consumer Durables
- Infrastructure
- NBFC
- Real Estate
When it plays out
Immediate
1–7 days: realty shares drift lower as investors wait for the rule text and first NAV restatements.
Medium term
1–6 months: funding costs and deal flow settle; strong builders recover, weak pledged names lag.
Short term
1–4 weeks: REITs publish restated NAVs; office-heavy builders reprice while housing names stabilise.
22 Sept, 19:33 IST · Market event · medium impact
RBI changes valuation rules for InvIT, REIT units
RBI changed how banks value infrastructure and property trust units, hurting banks and developers holding them with no near-term winners.
Who it hits first
- RBI, the banking regulator, has changed how InvITs (infrastructure trusts) and REITs (property trusts) units are valued.
- Banks and NBFCs holding these units must reprice their books, which can trim reported values near term.
- Developers and sponsors face cooler fundraising mood for new REIT and InvIT issues until prices settle.
Who may gain
- Long-term REIT and InvIT buyers gain clearer, more honest prices once books reset.
- Banks and NBFCs holding units lose near term if revaluation trims book values.
- Property developers face cooler REIT fundraising sentiment until prices settle.
Along the supply chain
Downstream
No direct downstream link — tenants and homebuyers do not shift from a valuation method change.
Upstream
No direct upstream link — RBI accounting rules do not change cement, steel or contractor orders for developers.
Where demand moves
Business
No new business orders follow an accounting rule — developers sell no extra flats from a valuation method change.
Capital
Investors reprice InvIT and REIT units, holders trim books, and new unit issuance waits for steady prices.
How it spreads across sectors
Financial Services
Lenders and holders that own InvIT and REIT units face book-value markdowns and sentiment pressure until books reset.
Realty
Developers see no order change but face softer REIT fundraising and sentiment as unit prices reprice.
A pattern seen before
Cascade chain
- RBI valuation norms reset InvIT/REIT unit values
- Bank and NBFC holding books reprice
- REIT yields and developer funding sentiment cool
Pattern name
RBI Rate Cascade
Patterns
- RBI Rate Cascade
Sectors queried
- Auto
- Banking
- Consumer Durables
- Infrastructure
- NBFC
- Real Estate
When it plays out
Immediate
InvIT and REIT units reprice; holders disclose small book adjustments and developers pause new plans.
Medium term
Clearer valuations aid future fundraising; books stabilize and issuance resumes on reset prices.
Short term
Banks and NBFCs publish revalued books; REIT yields and developer funding mood stay soft.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 17 Sep 2026 | unspecified | ₹0.25 |
|---|
Splits, bonuses & buybacks
- bse-history fill: 1331 BSE bars before cutoff, code 538668, seam residual 0.99801× · 17 Aug 2026
- bse-history step 1/2: pre-listing action read from BSE's ruling (d1 0.000)0.5× · 8 Jul 2025
- bse-history step 2/5: pre-listing action read from BSE's ruling (d1 0.000)0.4× · 3 Jan 2023
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.