Madhav Infra Projects Ltd

Madhav Infra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madhav Infra Projects Ltd

₹ 7.77 -1.89%
28 Sep 10:54 a.m.
madhavcorp.com BSE: 539894
About

Madhav Infra Projects Limited, formerly known as Myraj Consultancy Ltd., is engaged in the business of infrastructure development and solar power generation. It is the in-house EPC arm of the Madhav group. The company is also a developer-cum-operator of solar power projects and undertakes O&M of road, solar and hydro power projects. [1][2]

Key Points

Revenue Split
Civil Contracts: 89% in FY21 vs 77% in FY18
Solar Power Generation: 6% in FY21 vs 6% in FY18
Toll Collection: 2% in FY21 vs 6% in FY18. [1][2]

Website BSE
  • Market Cap ₹ 209 Cr.
  • Current Price ₹ 7.77
  • High / Low ₹ 8.23 / 3.55
  • Stock P/E 5.33
  • Book Value ₹ 6.13
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 8.76 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.00% over last 3 years.
  • Contingent liabilities of Rs.232 Cr.
  • Earnings include an other income of Rs.33.7 Cr.
  • Company has high debtors of 169 days.
  • Promoter holding has decreased over last 3 years: -3.65%

* 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: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
26.15 40.50 63.56 139.42 67.86 100.06 74.32 144.44 59.37 81.62 73.93 107.04 56.62
25.42 35.25 57.95 117.36 54.86 87.64 63.05 131.30 50.06 70.84 63.76 91.07 43.92
Operating Profit 0.73 5.25 5.61 22.06 13.00 12.42 11.27 13.14 9.31 10.78 10.17 15.97 12.70
OPM % 2.79% 12.96% 8.83% 15.82% 19.16% 12.41% 15.16% 9.10% 15.68% 13.21% 13.76% 14.92% 22.43%
0.39 0.93 0.62 1.39 0.65 0.68 0.52 0.62 0.61 1.08 0.91 26.11 5.56
Interest 7.06 7.84 7.88 9.11 7.33 6.84 5.71 7.12 5.72 4.99 5.79 5.64 5.62
Depreciation 4.80 4.83 4.74 5.95 4.60 3.78 3.33 3.33 2.76 2.80 2.80 2.76 2.60
Profit before tax -10.74 -6.49 -6.39 8.39 1.72 2.48 2.75 3.31 1.44 4.07 2.49 33.68 10.04
Tax % 0.00% -0.31% 0.00% -38.26% 15.70% 15.73% 15.64% 52.87% 15.28% 15.72% -30.92% 28.21% 15.64%
-10.74 -6.51 -6.39 11.61 1.44 2.09 2.32 1.56 1.21 3.44 3.26 24.18 8.47
EPS in Rs -0.42 -0.25 -0.25 0.45 0.06 0.08 0.09 0.06 0.04 0.13 0.12 0.90 0.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
124 109 131 261 206 335 307 299 200 270 387 322 319
118 101 113 236 167 261 250 237 156 236 337 276 270
Operating Profit 6 8 18 26 39 74 57 62 45 34 50 46 50
OPM % 5% 7% 14% 10% 19% 22% 19% 21% 22% 13% 13% 14% 16%
0 1 2 1 2 3 12 3 29 3 2 29 34
Interest 1 3 8 7 18 33 36 35 34 32 27 22 22
Depreciation 1 1 5 9 9 34 27 26 23 20 15 11 11
Profit before tax 5 4 7 12 14 10 6 4 16 -15 10 42 50
Tax % 37% 32% 26% 32% 34% 23% -8% 19% 72% 21% 28% 23%
3 3 5 8 9 8 7 3 5 -12 7 32 39
EPS in Rs 0.36 0.30 0.27 0.13 0.18 -0.47 0.29 1.19 1.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 1%
3 Years: 17%
TTM: -16%
Compounded Profit Growth
10 Years: 17%
5 Years: 14%
3 Years: 41%
TTM: 448%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 18%
1 Year: 92%
Return on Equity
10 Years: 5%
5 Years: 2%
3 Years: 2%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 6 6 6 41 51 58 58 58 77 64 35
Reserves 46 37 40 48 57 69 75 79 83 52 59 138
8 47 66 71 201 234 254 265 281 249 195 175
55 11 69 127 108 172 186 194 119 169 188 130
Total Liabilities 115 102 182 253 373 481 522 544 489 496 468 470
3 15 35 44 163 183 167 184 169 158 81 94
CWIP 0 0 0 0 0 0 25 0 0 0 0 7
Investments 18 26 29 53 87 72 82 44 40 45 48 42
94 60 117 157 123 226 248 316 281 293 339 327
Total Assets 115 102 182 253 373 481 522 544 489 496 468 470

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 29 41 21 59 48 2 -13 89 24 27
0 0 -26 -39 -162 -52 -37 30 3 -8 50 15
0 0 9 -1 147 -9 -10 -28 3 -73 -80 -35
Net Cash Flow 0 0 12 1 6 -3 1 4 -7 9 -7 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 121 27 115 10 95 66 81 134 148 126 89 169
Inventory Days 9 50 109 102 15 197 205 229 339 277 220 152
Days Payable 376 25 140 178 93 303 230 212 210 183 201 183
Cash Conversion Cycle -245 52 84 -66 17 -41 56 150 277 220 108 138
Working Capital Days 97 81 34 -3 -11 9 27 119 281 210 161 189
ROCE % 11% 9% 14% 15% 15% 13% 11% 10% 12% 4% 11% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
72.65% 72.65% 72.65% 72.65% 72.65% 72.65% 72.60% 69.00% 69.00% 69.00% 69.00% 69.00%
27.35% 27.35% 27.35% 27.35% 27.35% 27.35% 27.40% 30.99% 30.99% 31.00% 31.00% 31.00%
No. of Shareholders 2,0962,2662,7243,8785,6899,47324,53022,90322,90324,16623,24524,540

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