MBL Infrastructure Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹302 Cr
- ROE
- -7.18%
- Price to sales
- 1.42
- Debt to equity
- 1.03
- 52W high / low
- ₹37.6 / ₹17.4
- Sales growth (5Y)
- -2.79%
- EBITDA margin
- 8.56%
- Net profit margin
- -38.83%
- Promoter holding
- 74.57%
- Sales (last year)
- ₹215 Cr
Incorporated in 1995, MBL Infrastructure Ltd provides integrated engineering, procurement and construction services for civil construction and other infrastructure projects[1]
Guidance scorecard · Q1 FY27 call
What MBL Infrastructure Ltd's management guided
and where it ranks in Construction
RevenueQ3 FY17 call
10–20%- For the current year, the company expects revenue between Rs 2,100 crores to Rs 2,200 crores.
- The top-line for the next year is anticipated to reach Rs 2,600 crores to Rs 2,700 crores.
- The company is focusing on increasing order book only after deleveraging exercises are completed.
- Growth is expected in EPC projects, with current EPC order book around Rs 1,750 crores.
- The company plans to continue bidding for EPC projects funded by NHAI, MORTH, ADB, and World Bank.
2 more points from MBL Infrastructure Ltd's call on revenue
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MarginsQ3 FY17 call
Up 2%+See what MBL Infrastructure Ltd said on margins — free account, 30 seconds.
CapexQ3 FY17 call
Planned- MBL Infrastructures is actively working on hybrid annuity model (HAM) projects, expecting financial closure by 31st March 2017.
- The company plans to bring financial partners into HAM projects as part of its 3-tier deleveraging strategy (including divesting operational BOT projects and replacing long-term debt).
- Discussions are ongoing with potential financial partners for strategic investments, but no definitive agreements have been signed yet; announcements will be made once funds are inducted.
2 more points from MBL Infrastructure Ltd's call on capex
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FundraisingQ3 FY17 call
PlannedSee what MBL Infrastructure Ltd said on fundraising — free account, 30 seconds.
Order bookQ3 FY17 call
Flat- As of December 31, 2016, the total order book stood at Rs 6,243.52 crores.
- The unexecuted order book is approximately Rs 4,000 crores.
- The current order book for EPC projects is about Rs 1,750 crores.
- The company is focusing on increasing order book only after deleveraging and strengthening cash flows.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of MBL Infrastructure Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of MBL Infrastructure Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 39.46 | 43.12 | 44.75 | 20.94 | 32.68 | 24.04 | 33.75 | 32.95 | 30.45 | 31.17 | 27.69 | 74.32 | 50.70 |
| Expenses + | 36.20 | 108.82 | 61.03 | 41.72 | 56.33 | 43.20 | 59.59 | 68.37 | 67.43 | 38.22 | 49.50 | 70.88 | 51.85 |
| Operating Profit | 3.26 | -65.70 | -16.28 | -20.78 | -23.65 | -19.16 | -25.84 | -35.42 | -36.98 | -7.05 | -21.81 | 3.44 | -1.15 |
| OPM % | 8.26% | -152.37% | -36.38% | -99.24% | -72.37% | -79.70% | -76.56% | -107.50% | -121.44% | -22.62% | -78.76% | 4.63% | -2.27% |
| Other Income + | 21.39 | 76.96 | 35.23 | 31.44 | 35.57 | 28.81 | 272.39 | 81.56 | 33.11 | 11.39 | 35.11 | 28.58 | 15.37 |
| Interest | 8.09 | 7.96 | 7.53 | 7.19 | 6.23 | 6.58 | 6.51 | 7.94 | 11.26 | 38.10 | 11.97 | 11.92 | 9.69 |
| Depreciation | 18.34 | 19.87 | 19.08 | 14.57 | 14.98 | 14.45 | 16.22 | 14.40 | 15.58 | 14.32 | 13.77 | 12.45 | 14.04 |
| Profit before tax | -1.78 | -16.57 | -7.66 | -11.10 | -9.29 | -11.38 | 223.82 | 23.80 | -30.71 | -48.08 | -12.44 | 7.65 | -9.51 |
| Tax % | 517.42% | -69.70% | -0.00% | -0.09% | -0.00% | -0.79% | -0.00% | -0.04% | -0.10% | -1.29% | 0.08% | -0.13% | -1.37% |
| Net Profit + | -10.99 | -5.02 | -7.66 | -11.09 | -9.29 | -11.29 | 223.82 | 23.81 | -30.68 | -47.46 | -12.45 | 7.66 | -9.38 |
| EPS in Rs | -1.05 | -0.48 | -0.73 | -1.06 | -0.89 | -1.08 | 20.39 | 1.99 | -2.56 | -3.87 | -0.82 | 0.50 | -0.61 |
Financials of MBL Infrastructure Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,766 | 1,962 | 2,343 | 2,281 | 511 | 154 | 213 | 203 | 164 | 159 | 122 | 128 | 184 |
| Expenses + | 1,574 | 1,718 | 2,079 | 2,259 | 454 | 224 | 267 | 99 | 133 | 102 | 70 | 83 | 210 |
| Operating Profit | 192 | 243 | 263 | 22 | 57 | -70 | -54 | 104 | 32 | 58 | 53 | 45 | -27 |
| OPM % | 11% | 12% | 11% | 1% | 11% | -46% | -25% | 51% | 19% | 36% | 43% | 35% | -14% |
| Other Income + | 4 | 3 | 19 | 38 | 230 | -197 | 387 | 129 | 96 | 142 | 131 | 398 | 90 |
| Interest | 80 | 107 | 138 | 159 | 252 | 19 | 67 | 162 | 116 | 178 | 160 | 214 | 72 |
| Depreciation | 14 | 20 | 33 | 27 | 23 | 20 | 55 | 96 | 67 | 72 | 63 | 61 | 55 |
| Profit before tax | 103 | 119 | 112 | -126 | 12 | -306 | 212 | -25 | -55 | -51 | -39 | 169 | -62 |
| Tax % | 25% | 31% | 22% | -49% | -58% | -14% | -25% | -357% | -100% | -0% | -0% | -0% | |
| Net Profit + | 77 | 82 | 87 | -64 | 19 | -264 | 265 | 63 | 0 | -51 | -39 | 169 | -62 |
| EPS in Rs | 22.00 | 19.66 | 20.95 | -15.48 | 5.47 | -25.19 | 25.32 | 6.05 | 0.01 | -4.82 | -3.75 | 13.83 | -4.80 |
| Dividend Payout % | 7% | 8% | 7% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Financials of MBL Infrastructure Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 21 | 41 | 41 | 41 | 105 | 105 | 105 | 105 | 105 | 105 | 123 | 153 |
| Reserves | 451 | 636 | 700 | 633 | 654 | 387 | 652 | 715 | 732 | 681 | 642 | 826 | 821 |
| Borrowings + | 828 | 1,104 | 1,433 | 1,934 | 1,379 | 1,437 | 1,253 | 1,248 | 1,204 | 1,139 | 1,036 | 955 | 956 |
| Other Liabilities + | 381 | 458 | 460 | 299 | 770 | 1,035 | 993 | 955 | 975 | 1,031 | 1,103 | 1,096 | 1,073 |
| Total Liabilities | 1,677 | 2,219 | 2,635 | 2,907 | 2,844 | 2,963 | 3,003 | 3,023 | 3,016 | 2,956 | 2,886 | 3,000 | 3,003 |
| Fixed Assets + | 214 | 217 | 247 | 224 | 180 | 964 | 910 | 837 | 770 | 698 | 683 | 633 | 607 |
| CWIP | 376 | 541 | 761 | 860 | 725 | -0 | 14 | 17 | 34 | 47 | -0 | -0 | -0 |
| Investments | 20 | 24 | 24 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 |
| Other Assets + | 1,068 | 1,437 | 1,603 | 1,823 | 1,939 | 1,999 | 2,079 | 2,169 | 2,212 | 2,211 | 2,203 | 2,367 | 2,396 |
| Total Assets | 1,677 | 2,219 | 2,635 | 2,907 | 2,844 | 2,963 | 3,003 | 3,023 | 3,016 | 2,956 | 2,886 | 3,000 | 3,003 |
Financials of MBL Infrastructure Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 122 | -63 | 102 | -322 | 83 | 277 | -6 | 34 | -16 | 77 | 48 | 46 |
| Cash from Investing Activity + | -206 | -193 | -337 | -78 | -60 | -78 | -13 | -26 | -16 | -11 | 1 | -8 |
| Cash from Financing Activity + | 78 | 265 | 164 | 392 | -22 | -203 | 27 | 3 | 52 | -74 | -57 | -44 |
| Net Cash Flow | -6 | 9 | -71 | -8 | 0 | -3 | 8 | 11 | 20 | -8 | -8 | -6 |
| Free Cash Flow | -85 | -252 | -243 | -412 | 16 | 199 | -19 | 8 | -33 | 63 | 47 | 44 |
| CFO/OP | 71% | -19% | 45% | -1,404% | 152% | -392% | 10% | 33% | -44% | 136% | 88% | 88% |
Financials of MBL Infrastructure Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 74 | 102 | 39 | 74 | 227 | 127 | 91 | 124 | 287 | 344 | 321 |
| Inventory Days | 148 | 195 | 152 | 5 | 62 | 51 | 94 | 38 | ||||
| Days Payable | 48 | 55 | 63 | 22 | 444 | 551 | 915 | 519 | ||||
| Cash Conversion Cycle | 166 | 213 | 191 | 21 | -307 | -273 | -694 | -389 | 124 | 287 | 344 | 321 |
| Working Capital Days | 52 | 62 | 46 | -173 | -145 | -896 | -800 | -730 | -937 | -1,018 | -1,604 | -1,422 |
| ROCE % | 15% | 15% | 13% | 1% | 4% | -0% | -0% | 6% | 3% | 6% | 7% | 6% |
Continue your research
What MBL Infrastructure Ltd's management said in earlier quarters
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