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 ₹ 311 Cr.
- Current Price ₹ 11.5
- High / Low ₹ 20.8 / 9.72
- Stock P/E 11.1
- Book Value ₹ 7.90
- Dividend Yield 0.00 %
- ROCE 17.2 %
- ROE 13.5 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.5% CAGR over last 5 years
- Debtor days have improved from 106 to 49.6 days.
- Company's working capital requirements have reduced from 82.6 days to 23.0 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.5% over last 3 years.
- Contingent liabilities of Rs.200 Cr.
- Company's cost of borrowing seems high
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
131 | 261 | 206 | 335 | 307 | 299 | 200 | 270 | 387 | 322 | 358 | 572 | 599 | |
113 | 236 | 167 | 261 | 250 | 237 | 156 | 236 | 337 | 276 | 311 | 512 | 538 | |
Operating Profit | 18 | 26 | 39 | 74 | 57 | 62 | 45 | 34 | 50 | 46 | 47 | 60 | 61 |
OPM % | 14% | 10% | 19% | 22% | 19% | 21% | 22% | 13% | 13% | 14% | 13% | 10% | 10% |
2 | 1 | 2 | 3 | 12 | 3 | 29 | 3 | 2 | 29 | 5 | 6 | 8 | |
Interest | 8 | 7 | 18 | 33 | 36 | 35 | 34 | 32 | 27 | 22 | 21 | 24 | 26 |
Depreciation | 5 | 9 | 9 | 34 | 27 | 26 | 23 | 20 | 15 | 11 | 11 | 9 | 9 |
Profit before tax | 7 | 12 | 14 | 10 | 6 | 4 | 16 | -15 | 10 | 42 | 20 | 32 | 33 |
Tax % | 26% | 32% | 34% | 23% | -8% | 19% | 72% | -21% | 28% | 23% | 7% | 16% | |
5 | 8 | 9 | 8 | 7 | 3 | 5 | -12 | 7 | 32 | 19 | 27 | 28 | |
EPS in Rs | 0.36 | 0.30 | 0.27 | 0.13 | 0.18 | -0.47 | 0.29 | 1.19 | 0.69 | 1.00 | 1.03 | ||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 23% |
3 Years: | 14% |
TTM: | 69% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 42% |
3 Years: | 56% |
TTM: | 71% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 38% |
1 Year: | -46% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 12% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 26 | 26 | 27 | 27 | 27 |
Reserves | 40 | 48 | 57 | 69 | 75 | 79 | 83 | 52 | 73 | 138 | 159 | 186 |
66 | 71 | 236 | 279 | 306 | 316 | 332 | 300 | 233 | 182 | 130 | 126 | |
69 | 127 | 73 | 127 | 135 | 143 | 68 | 118 | 137 | 122 | 132 | 252 | |
Total Liabilities | 182 | 253 | 373 | 481 | 522 | 544 | 489 | 496 | 468 | 470 | 447 | 592 |
35 | 44 | 163 | 183 | 167 | 184 | 169 | 158 | 81 | 94 | 89 | 84 | |
CWIP | 0 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 7 | 3 | 3 |
Investments | 29 | 53 | 87 | 72 | 82 | 44 | 40 | 45 | 48 | 42 | 32 | 32 |
117 | 157 | 123 | 226 | 248 | 316 | 281 | 293 | 339 | 327 | 323 | 472 | |
Total Assets | 182 | 253 | 373 | 481 | 522 | 544 | 489 | 496 | 468 | 470 | 447 | 592 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
29 | 41 | 21 | 59 | 48 | 2 | -13 | 89 | 24 | 27 | 63 | 105 | |
-26 | -39 | -162 | -52 | -37 | 30 | 3 | -8 | 50 | 15 | 5 | -51 | |
9 | -1 | 147 | -9 | -10 | -28 | 3 | -73 | -80 | -35 | -74 | -27 | |
Net Cash Flow | 12 | 1 | 6 | -3 | 1 | 4 | -7 | 9 | -7 | 7 | -5 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 115 | 10 | 95 | 66 | 81 | 134 | 148 | 126 | 89 | 169 | 99 | 50 |
Inventory Days | 109 | 102 | 15 | 197 | 205 | 229 | 339 | 277 | 220 | 152 | 173 | 72 |
Days Payable | 140 | 178 | 93 | 303 | 230 | 212 | 210 | 183 | 201 | 183 | 207 | 101 |
Cash Conversion Cycle | 84 | -66 | 17 | -41 | 56 | 150 | 277 | 220 | 108 | 138 | 65 | 21 |
Working Capital Days | -82 | -56 | -69 | -24 | -12 | 60 | 136 | 102 | 109 | 117 | 108 | 23 |
ROCE % | 14% | 15% | 15% | 13% | 11% | 10% | 12% | 4% | 10% | 11% | 12% | 17% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep
-
Notice Of 32Nd AGM Of The Company
4 Sep - AGM Sept 26, 2025: approve loans/guarantees ₹500Cr, borrowings limit ₹750Cr, large related-party RPTs.
-
Reg. 34 (1) Annual Report.
4 Sep - Annual Report; AGM Sept 26, 2025; seek approvals: borrowings ₹750cr, loans/guarantees ₹500cr, RPTs up to ₹100cr.
-
Intimation Of Book Closure Under Regulation 42 And 44 Of The SEBI (LODR) Regulations, 2015, Read With Sections 91, 96, 108 Of The Companies Act, 2013 (The Act) And Rule 20 Of Companies (Management & Administration) Rules, 2014 (The Rules)
4 Sep - Register closed Sep 20–26, 2025; AGM on Sep 26, 2025; e-voting cut-off Sep 19, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Aug - Of Newspaper Publication of Standalone and Consolidated Unaudited Financial Results for the quarter ended on June 30, 2025.
Business Divisions