Poor cash flow from operations and heavy debt burden seem to have led to a liquidity crunch situation for the company where it is delaying statutory payments, deposition of dividend distribution tax and cheque overdrawn etc.
The limitation of auditors expertise in understanding the business dynamics and thereby properly verifying the management assumptions is another factor, which leads to our scepticism in taking these numbers at face value.
MBL Infra now seems to have been losing the confidence of lenders who seems to have refused to provide performance guarantee to its project, which got terminated by nhai.
Moreover, if the company does not improve its cash realization by a significant proportion, then we fear that every incremental rupee of revenue chased by MBL Infra would further increase the debt burden on the company.Margins of the company are comparable with other peers in the sector, with the same size.This company, for FY09, had a total income.654 crores, with PAT.43.66 crores, resulting in an EPS.15.55, on an equity base.28.12 crores.Know all about the Bonus history, bonus ratio, record date, ex-bonus date and bonus announcements.This article provides in-depth fundamental analysis.3) The stressing by the lenders for increasing pledge of shared by the holding company for the loans being availed by the company and its subsidiaries: 4) march 23 2015 lotto result This is a recent development taken from the exchange filing done by MBL Infra on January 20, 2017.
Let us analyse the consolidated financial performance of MBL Infra for last 10 years (FY2007-16 Financial Analysis of MBL Infra: As per the reported numbers, MBL Infra has increased its revenue by a brisk pace of 25-35 atlantic lotto scanner over last 10 years (FY2007-16).
Management is confident of having 20-25 sales growth in next few years based on huge Govt infrastructure investments.
They have Targeted Revenues of 5,000 cr by 2020.The frequent delay in projects, reducing margins, high capex requirements, low cash realization, high debt requirements present a very tough business environment for EPC players.This has been thus putting an interest burden of close.32 crores, on an annualized basis.However, you should do your own analysis before taking any investment related decision about MBL Infra.For FY09, the total income of the company was.For June 09 quarter, total income of the company was.151 crores, of which, income from core business was.113 crores, with PAT.8.60 crores.189,257.87 lakh.This data indicates that MBL Infra has destroyed the wealth of its shareholders.Re-development of Police Colony, re-development of Police Colony Delhi Cantt, Delhi.Increased check pci slots by.
These factors have a potential of delaying the project completion, which in turn increase the cost of projects primarily due to higher finance costs on the debt taken to fund the project.
2) The receivables details shared above also highlight the key comment by the auditor that trade receivables are subject to confirmation by certain parties.
Nothing much negative found about Chairman Anjanee Kumar Lakhotia.