Madhav Infra Projects Ltd
Incorporated in 2010, Madhav Infra
Projects Ltd is in the business of
Infrastructure Development and
Solar Power generation[1]
- Market Cap ₹ 333 Cr.
- Current Price ₹ 12.4
- High / Low ₹ 15.0 / 3.80
- Stock P/E 17.8
- Book Value ₹ 6.90
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 10.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 44.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.66% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.2% over last 3 years.
- Contingent liabilities of Rs.232 Cr.
- Promoter holding has decreased over last 3 years: -3.84%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
109 | 131 | 261 | 206 | 335 | 307 | 299 | 200 | 270 | 387 | 322 | 358 | |
101 | 113 | 236 | 167 | 261 | 250 | 237 | 156 | 236 | 337 | 276 | 311 | |
Operating Profit | 8 | 18 | 26 | 39 | 74 | 57 | 62 | 45 | 34 | 50 | 46 | 47 |
OPM % | 7% | 14% | 10% | 19% | 22% | 19% | 21% | 22% | 13% | 13% | 14% | 13% |
1 | 2 | 1 | 2 | 3 | 12 | 3 | 29 | 3 | 2 | 29 | 5 | |
Interest | 3 | 8 | 7 | 18 | 33 | 36 | 35 | 34 | 32 | 27 | 22 | 21 |
Depreciation | 1 | 5 | 9 | 9 | 34 | 27 | 26 | 23 | 20 | 15 | 11 | 11 |
Profit before tax | 4 | 7 | 12 | 14 | 10 | 6 | 4 | 16 | -15 | 10 | 42 | 20 |
Tax % | 32% | 26% | 32% | 34% | 23% | -8% | 19% | 72% | 21% | 28% | 23% | 7% |
3 | 5 | 8 | 9 | 8 | 7 | 3 | 5 | -12 | 7 | 32 | 19 | |
EPS in Rs | 0.36 | 0.30 | 0.27 | 0.13 | 0.18 | -0.47 | 0.29 | 1.19 | 0.69 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 4% |
3 Years: | 10% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 44% |
3 Years: | 53% |
TTM: | 44% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 43% |
1 Year: | 210% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 10% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 26 | 26 | 27 | 27 |
Reserves | 37 | 40 | 48 | 57 | 69 | 75 | 79 | 83 | 52 | 59 | 138 | 159 |
Preference Capital | 0 | 0 | 0 | 35 | 45 | 51 | 51 | 51 | 51 | 38 | 8 | |
47 | 66 | 71 | 201 | 234 | 254 | 265 | 281 | 249 | 195 | 175 | 130 | |
11 | 69 | 127 | 108 | 172 | 186 | 194 | 119 | 169 | 188 | 130 | 132 | |
Total Liabilities | 102 | 182 | 253 | 373 | 481 | 522 | 544 | 489 | 496 | 468 | 470 | 447 |
15 | 35 | 44 | 163 | 183 | 167 | 184 | 169 | 158 | 81 | 94 | 89 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 7 | 3 |
Investments | 26 | 29 | 53 | 87 | 72 | 82 | 44 | 40 | 45 | 48 | 42 | 32 |
60 | 117 | 157 | 123 | 226 | 248 | 316 | 281 | 293 | 339 | 327 | 323 | |
Total Assets | 102 | 182 | 253 | 373 | 481 | 522 | 544 | 489 | 496 | 468 | 470 | 447 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 29 | 41 | 21 | 59 | 48 | 2 | -13 | 89 | 24 | 27 | 63 | |
0 | -26 | -39 | -162 | -52 | -37 | 30 | 3 | -8 | 50 | 15 | 5 | |
0 | 9 | -1 | 147 | -9 | -10 | -28 | 3 | -73 | -80 | -35 | -74 | |
Net Cash Flow | 0 | 12 | 1 | 6 | -3 | 1 | 4 | -7 | 9 | -7 | 7 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 115 | 10 | 95 | 66 | 81 | 134 | 148 | 126 | 89 | 169 | 99 |
Inventory Days | 50 | 109 | 102 | 15 | 197 | 205 | 229 | 339 | 277 | 220 | 152 | 173 |
Days Payable | 25 | 140 | 178 | 93 | 303 | 230 | 212 | 210 | 183 | 201 | 183 | 207 |
Cash Conversion Cycle | 52 | 84 | -66 | 17 | -41 | 56 | 150 | 277 | 220 | 108 | 138 | 65 |
Working Capital Days | 81 | 34 | -3 | -11 | 9 | 27 | 119 | 281 | 210 | 161 | 189 | 146 |
ROCE % | 9% | 14% | 15% | 15% | 13% | 11% | 10% | 12% | 4% | 11% | 11% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 May - The audited Standalone and consolidated financial results for the quarter and year ended March 31, 2024 has been approved by Board at their meeting held …
- Board Meeting Outcome for Out Come Of Board Meeting 10 May
- Submission Of Financial Results March 31, 2024 10 May
-
Announcement under Regulation 30 (LODR)-Change in Management
10 May - Re-appointment of auditors for the year 2024-25
- Board Meeting Intimation for Intimation Of Meeting Of Board To Be Held On May 10, 2024 2 May
Business Overview:[1][2]
MIPL is part of Vadodara-based Madhav group and is the EPC arm of the group. Company operates in fields of Energy, Real Estate, Highways and Urban Infrastructure. It undertakes large-scale self-financed BOT projects like road and water supply, industrial projects for core sectors or lump sum turnkey projects for utilities and urban infrastructure like bus stands, solar, PV and small hydro power projects