DalalBaazaar
The 60-second version of Meghna Infracon Infrastructure Limited — what it does, how it earns, and who it competes with, before any of the numbers below.
Nothing stands out as clearly deteriorating on the years of data available.
| Metric | FY23 | FY24 | FY25 | FY26 | 3Y CAGR |
|---|---|---|---|---|---|
| Revenue | — | ₹56 Cr | ₹40 Cr | ₹46 Cr | — |
| EBITDA | ₹0 Cr | ₹4 Cr | ₹12 Cr | ₹10 Cr | +369.5% |
| EBITDA Margin | — | 6.4% | 29.3% | 22.5% | — |
| PAT (Net Profit) | — | ₹3 Cr | ₹9 Cr | ₹5 Cr | — |
| EPS | — | ₹1.46 | ₹4.25 | ₹2.48 | — |
| ROE | — | 24.0% | 42.1% | 19.8% | — |
| ROCE | — | 19.9% | 87.7% | 34.7% | — |
| Total Debt | ₹9 Cr | ₹2 Cr | ₹3 Cr | ₹22 Cr | +38.1% |
| Free Cash Flow | -₹17 Cr | ₹11 Cr | ₹17 Cr | -₹26 Cr | — |
| Company | P/E | ROE |
|---|---|---|
| DLF LIMITED | 36.6x | 10.3% |
| GODREJ PROPERTIES LTD | 30.2x | 8.4% |
| OBEROI REALTY LIMITED | 23.5x | 14.7% |
The quality is real and the price already reflects it. Buying here is a bet that the business keeps compounding for long enough to grow into the multiple — which good businesses often do, but it removes the margin for error that a lower price would have given you. 1 high-severity red flag sits above this conclusion and should be read first.