Mega Nirman & Industries Ltd Management Discussions.

The Management Discussion and Analysis Report of your company for the financial year ended on 31st March, 2019 is as under:

a. Industry Structure and Development

The Company is involved in the business of deal in bricks, sand, stone, marble, tiles, cement, paints, adhesive, sheets, roofing, glass, concrete mixtures, and any other building or decorative materials made of cement, precious stone.

During the current financial year the company has made turnover of Rs. 239.85 lakhs.

b. Outlook, Opportunities and Threats

Our Company is planning to explore new avenues of business including Acquisition of a Running Manganese Mines at Ramtek, Nagpur, Maharashtra, Joint Venture in a PL granted Manganese Mines at Balaghat, Madhya Pradesh, Joint Venture in an Export Grade Black Granite Mines with Export Oriented Unit at Sidhi, Singrauli, Madhya Pradesh, Joint Venture in an Iron Ore Mines at Sundargarh District, Bhuvaneshwar, Odisha and Acquisitions of a Tea Garden of 717 acres of Estate with Pineapple Orchard near Siliguri, West Bengal.

The Company envisages huge growth in this sector. But increased cost of purchases, competitive market conditions and low margins are the major threats in the industry.

The Company does not foresee and major threat to the growth prospective. Since the company is presently engaged in the infrastructure activities, there is huge scope of growth in the industry.


1. Balance sheet analysis:

A comparative table showing synopsis of FY 2019 vs. FY 2018 is provided below:

(Rs. In Lakhs)
Particulars 2019 2018 Increase / (Decrease)
Share capital 334.75 334.75 -
Reserves and surplus 133.64 117.08 16.56
Net worth 468.39 451.83 16.56
Non- current liabilities - -
Current liabilities 418.50 203.13 215.37
Total 886.90 654.97 231.93
Non-current assets 135.12 136.07 (0.95)
Current assets 751.78 518.89 232.89
Total 886.90 654.97 231.93

2. Profit and Loss analysis:

A comparative table showing synopsis of FY 2019 vs. FY 2018 is provided below:

Particulars Year ended March 31, 2019 Year ended March 31, 2018 Increase / (Decrease)
Income 239.85 240.57 (0.72)
Total Expenditure (217.15) (207.07) (10.08)
Net Profit/(Loss) before Tax (PBT) 22.70 33.50 (10.8)
Provision for Income Tax-Current 6.13 8.63 (-2.5)
Provision for Deferred Tax 0.01 0.01 -
Profit for the period 16.56 24.86 (8.3)


The Company has mainly one reportable business segment; hence no further disclosure is required under Indian Accounting Standard (Ind AS) 108 on Operating segment.


Please refer to Para 12 of the Boards Report


Please refer to Para 13 of the Boards Report


Please refer to Para 18(xi) of the Boards Report


The statements made in this report describe MNILs objectives, expectations and projections that may be forward looking statements. The actual results might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors, which are beyond the control of the Companies Management.