Madhav Infra Projects Ltd
₹ 14.6
-1.89%
12 Jun
4:01 p.m.
About
Incorporated in 2010, Madhav Infra
Projects Ltd is in the business of
Infrastructure Development and
Solar Power generation[1]
Key Points
- Market Cap ₹ 393 Cr.
- Current Price ₹ 14.6
- High / Low ₹ 23.9 / 9.72
- Stock P/E 14.6
- 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 132 days to 60.7 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
- Promoter holding has decreased over last 3 years: -3.79%
* 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
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 261 | 206 | 335 | 307 | 299 | 200 | 270 | 387 | 322 | 358 | 572 | |
| 113 | 236 | 167 | 261 | 250 | 237 | 156 | 236 | 337 | 276 | 311 | 512 | |
| Operating Profit | 18 | 26 | 39 | 74 | 57 | 62 | 45 | 34 | 50 | 46 | 47 | 60 |
| OPM % | 14% | 10% | 19% | 22% | 19% | 21% | 22% | 13% | 13% | 14% | 13% | 10% |
| 2 | 1 | 2 | 3 | 12 | 3 | 29 | 3 | 2 | 29 | 5 | 6 | |
| Interest | 8 | 7 | 18 | 33 | 36 | 35 | 34 | 32 | 27 | 22 | 21 | 24 |
| Depreciation | 5 | 9 | 9 | 34 | 27 | 26 | 23 | 20 | 15 | 11 | 11 | 9 |
| Profit before tax | 7 | 12 | 14 | 10 | 6 | 4 | 16 | -15 | 10 | 42 | 20 | 32 |
| 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 | |
| EPS in Rs | 0.36 | 0.30 | 0.27 | 0.13 | 0.18 | -0.47 | 0.29 | 1.19 | 0.69 | 1.00 | ||
| 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: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 42% |
| 3 Years: | 56% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 49% |
| 1 Year: | 31% |
| 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 | 34 | -3 | -11 | 9 | 27 | 119 | 281 | 210 | 161 | 189 | 146 | 61 |
| ROCE % | 14% | 15% | 15% | 13% | 11% | 10% | 12% | 4% | 10% | 11% | 12% | 17% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report FY 2024-25; minor quorum non-compliance, fines paid, no major issues.
-
Announcement under Regulation 30 (LODR)-Change in Management
16 May - Appointment of Mr. Nikhil Kaushik as Independent Director for five years from Feb 3, 2025.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
16 May - Regularization of Mr. Nikhil Kaushik as Independent Director approved with 99.995% votes in favor.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
16 May - Shareholders approved Mr. Nikhil Kaushik as Independent Director via postal ballot on May 16, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2 May - Of Newspaper Publication of Standalone and Consolidated Audited Financial Results for the quarter and year ended on March 31, 2025.
Business Divisions