MODERN ENGINEERING AND PROJECTS LIMITED

About

Modern Engineering and Projects Limited engages in the construction and development of infrastructure projects in India. It undertakes contracts for various infrastructure projects, including transportation engineering, civil construction, other works, etc. The company was formerly known as Modern Converters Limited. Modern Engineering and Projects Limited was incorporated in 1946 and is based in Mumbai, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	12.82	47.62	24.80	16.42	30.94	42.20	22.68	16.25	14.49	40.74	19.86	16.61	14.29
Expenses	10.69	46.85	20.28	13.05	28.18	30.51	26.05	17.70	13.99	36.06	19.00	14.09	14.23
Operating Profit	2.13	0.77	4.52	3.37	2.76	11.69	-3.37	-1.45	0.50	4.68	0.86	2.52	0.06
OPM %	16.61	1.62	18.23	20.52	8.92	27.70	-14.86	-8.92	3.45	11.49	4.33	15.17	0.42
Other Income	0.02	0.54	0.52	1.49	0.52	0.24	0.06	0.64	1.36	0.00	0.00	0.04	2.34
Depreciation	0.34	0.47	0.52	0.57	0.55	0.54	0.44	0.41	0.41	0.73	0.65	0.92	0.53
Interest	0.79	0.35	0.19	-0.08	0.48	0.28	0.10	0.11	0.10	0.35	0.10	0.37	0.15
Profit before tax	1.02	0.49	4.33	4.37	2.25	11.11	-3.85	-1.33	1.35	3.60	0.11	1.27	1.72
Tax %	33.33	24.49	21.94	32.49	19.11	15.66	-5.97	-131.58	17.78	54.72	90.91	43.31	25.00
Net Profit	0.68	0.37	3.37	2.94	1.81	9.36	-3.61	0.42	1.11	1.63	0.01	0.72	1.28
EPS in Rs	0.44	0.24	2.18	1.90	1.17	6.06	-2.34	0.27	0.72	1.05	0.01	0.46	0.83

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	120.00	96.00	93.00	68.00	1.00	0.00	0.00	0.00	2.00	0.00	0.00	1.00
Expenses	108.00	88.00	83.00	71.00	3.00	0.00	0.00	0.00	3.00	0.00	1.00	1.00
Operating Profit	11.00	7.00	10.00	-3.00	-2.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPM %	10.00	8.00	11.00	-4.00	-136.00	-62.00	-250.00	-1,500.00	-17.00	-22.00	-79.00	0.00
Other Income	3.00	2.00	1.00	2.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	2.00	2.00	3.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	11.00	7.00	7.00	-3.00	-3.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Tax %	26.00	0.00	46.00	-6.00	-3.00	0.00	0.00	0.00	0.00	20.00	0.00	100.00
Net Profit	8.00	7.00	4.00	-3.00	-3.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS in Rs	5.50	4.72	2.35	-1.71	-1.93	-0.03	-0.10	-0.10	-0.13	0.05	-0.13	0.00
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	15.00	15.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Reserves	49.00	41.00	-4.00	-7.00	-3.00	0.00	0.00	0.00	0.00	1.00	0.00	1.00
Borrowings	36.00	8.00	12.00	9.00	9.00	0.00	0.00	0.00	0.00	0.00	1.00	0.00
Other Liabilities	72.00	64.00	37.00	32.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00
Total Liabilities	172.00	128.00	48.00	37.00	10.00	3.00	3.00	3.00	3.00	4.00	5.00	5.00
Fixed Assets	15.00	16.00	18.00	14.00	4.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	15.00	13.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	18.00	4.00	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	123.00	94.00	30.00	23.00	5.00	3.00	3.00	3.00	3.00	4.00	5.00	5.00
Total Assets	172.00	128.00	48.00	37.00	10.00	3.00	3.00	3.00	3.00	4.00	5.00	5.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-15.00	-27.00	5.00	15.00	-3.00	0.00	0.00	0.00	3.00	0.00	-1.00	-3.00
Cash from Investing Activity	-15.00	-17.00	-7.00	-13.00	-3.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activity	30.00	45.00	2.00	-1.00	6.00	0.00	0.00	0.00	-3.00	0.00	1.00	3.00
Net Cash Flow	0.00	1.00	1.00	2.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow	-16.00	-40.00	-1.00	3.00	-5.00	0.00	0.00	0.00	3.00	0.00	-1.00	-3.00
CFO/OP %	-98.00	-341.00	73.00	-550.00	165.00	-40.00	20.00	40.00	-749.00	-1,400.00	323.00	—

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	285.00	254.00	88.00	19.00	409.00	0.00	0.00	0.00	2.00	13,018.00	4,347.00	325.00
Inventory Days	—	—	—	—	—	0.00	122.00	531.00	41.00	548.00	61.00	0.00
Days Payable	—	—	—	—	—	—	0.00	0.00	0.00	0.00	365.00	—
Cash Conversion Cycle	285.00	254.00	88.00	19.00	409.00	0.00	122.00	531.00	43.00	13,566.00	4,043.00	325.00
Working Capital Days	106.00	79.00	-55.00	-70.00	727.00	13,277.00	19,223.00	119,720.00	569.00	13,424.00	3,960.00	823.00
ROCE %	15.00	21.00	93.00	-37.00	-44.00	-2.00	-5.00	-4.00	-6.00	2.00	-4.00	1.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	33.29	33.29	33.29	33.29	33.29	33.29	33.29	33.29	62.85	62.85	62.85	62.85
FIIs	6.51	7.24	7.24	7.47	6.90	7.48	6.45	6.45	1.74	0.00	0.00	0.00
Public	60.20	59.48	59.46	59.24	59.81	59.24	60.26	60.26	35.41	37.14	37.14	37.14
No. of Shareholders	3,005	2,936	2,933	2,792	2,642	2,508	1,961	1,350	515	388	249	243