Mega Nirman - Mega Nirman

📊 BSE: 539767 🏢 Residential, Commercial Projects 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single reportable business segment (EV charging and battery solutions), which saw total turnover grow by 3,164% YoY from INR 23,971.12 (in '00) in FY24 to INR 7,82,503.18 (in '00) in FY25.

Geographic Revenue Split

Not disclosed in available documents, though the company is headquartered in North West Delhi.

Profitability Margins

Net Profit Margin turned positive at 0.68% in FY25 (INR 5,293.78 in '00) compared to a significant loss of INR 53,413.40 (in '00) in FY24.

EBITDA Margin

PBT margin for FY25 is 0.90% (INR 7,084.54 in '00) compared to a negative margin in FY24.

Capital Expenditure

The company increased its Authorized Share Capital by 77% from INR 28.25 Cr to INR 50 Cr to fund business expansion. It raised INR 9.75 Cr through a preferential allotment of 79,66,667 equity shares at INR 15 per share in July 2025.

Credit Rating & Borrowing

Non-current liabilities are nil as of March 31, 2025. Current liabilities decreased by 85% from INR 6.54 Cr in FY24 to INR 0.96 Cr in FY25.

⚙️ Operational Drivers

Raw Materials

Lead Acid Batteries, Lithium Batteries, Battery Containers, Cells, Solar Panels, Motors, and Controllers. Specific percentage of total cost for each is not disclosed.

Capacity Expansion

The company is expanding into battery recycling and charging set up plants through collaborations. Specific installed capacity in units is not disclosed.

Raw Material Costs

Total expenditure for FY25 was INR 7.75 Cr, representing 99.1% of revenue, up from INR 0.77 Cr in FY24.

📈 Strategic Growth

Growth Strategy

MNIL is targeting profitable growth by strategically building EV charging infrastructure, including AC and DC chargers, and expanding into battery manufacturing (Lead Acid and Lithium) and solar systems. The strategy includes an app-based platform for real-time information and digital payments to drive user adoption.

Products & Services

AC and DC chargers, Lead Acid Batteries, Lithium Batteries, Battery Containers, Solar Panels, Solar Systems, Electric Vehicles, Spare Parts, Motors, and Controllers.

Brand Portfolio

MNIL (Mega Nirman & Industries Limited).

New Products/Services

New focus on battery recycling and charging set up plants for public, private, and commercial use.

Market Expansion

Targeting replicability and scalability across developing countries and capitalizing on business-friendly government policies.

Strategic Alliances

Collaborating with partners and stakeholders for infrastructure and charging set up plants.

🌍 External Factors

Industry Trends

The industry is shifting toward smart grid integration and app-based user experiences. MNIL is positioning itself as a technology-integrated provider to drive EV adoption.

Competitive Landscape

Facing competition from existing and new players adopting low-cost end-to-end business models.

Competitive Moat

MNIL's moat is built on its integrated app-based platform providing real-time information and advanced manufacturing facilities for EV components.

Macro Economic Sensitivity

Sensitive to government policies regarding electric vehicles and sustainable transportation landscapes.

Consumer Behavior

Increasing demand for convenient, accessible EV charging and sustainable transportation options.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Payment of Wages Act 1936, Minimum Wages Act 1948, and Industrial Disputes Act 1947.

Environmental Compliance

Compliant with The Environment (Protection) Act, 1986 for battery manufacturing and recycling operations.

Taxation Policy Impact

Current income tax provision for FY25 is INR 1,557.96 (in '00).

Legal Contingencies

No significant or material orders were passed by regulators or courts impacting the going concern status. No proceedings are pending under the Insolvency and Bankruptcy Code, 2016.