Madhav Infra Projects Ltd

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

Madhav Infra Projects Ltd

₹ 9.94 1.95%
26 Apr 3:07 p.m.
madhavcorp.com BSE: 539894
About

Incorporated in 2010, Madhav Infra
Projects Ltd is in the business of
Infrastructure Development and
Solar Power generation[1]

Key Points

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

Website BSE
  • Market Cap ₹ 268 Cr.
  • Current Price ₹ 9.94
  • High / Low ₹ 15.0 / 3.55
  • Stock P/E 7.00
  • Book Value ₹ 6.68
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 10.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.81% over last 3 years.
  • Contingent liabilities of Rs.232 Cr.
  • Earnings include an other income of Rs.30.4 Cr.
  • Company has high debtors of 169 days.
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
63.56 139.42 67.86 100.06 74.32 144.44 59.37 81.62 73.93 107.04 61.52 89.06 80.57
57.95 117.36 54.86 87.64 63.05 131.30 50.06 70.84 63.76 91.07 43.92 79.99 69.54
Operating Profit 5.61 22.06 13.00 12.42 11.27 13.14 9.31 10.78 10.17 15.97 17.60 9.07 11.03
OPM % 8.83% 15.82% 19.16% 12.41% 15.16% 9.10% 15.68% 13.21% 13.76% 14.92% 28.61% 10.18% 13.69%
0.62 1.39 0.65 0.68 0.52 0.62 0.61 1.08 0.91 26.11 0.66 3.00 0.67
Interest 7.88 9.11 7.33 6.84 5.71 7.12 5.72 4.99 5.79 5.64 5.62 5.41 5.25
Depreciation 4.74 5.95 4.60 3.78 3.33 3.33 2.76 2.80 2.80 2.76 2.60 2.61 2.81
Profit before tax -6.39 8.39 1.72 2.48 2.75 3.31 1.44 4.07 2.49 33.68 10.04 4.05 3.64
Tax % 0.00% -38.26% 15.70% 15.73% 15.64% 52.87% 15.28% 15.72% -30.92% 28.21% 15.64% 15.56% 40.11%
-6.39 11.61 1.44 2.09 2.32 1.56 1.21 3.44 3.26 24.18 8.47 3.42 2.19
EPS in Rs -0.25 0.45 0.06 0.08 0.09 0.06 0.04 0.13 0.12 0.90 0.31 0.13 0.08
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
124 109 131 261 206 335 307 299 200 270 387 322 338
118 101 113 236 167 261 250 237 156 236 337 276 285
Operating Profit 6 8 18 26 39 74 57 62 45 34 50 46 54
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 30
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 51
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 38
EPS in Rs 0.36 0.30 0.27 0.13 0.18 -0.47 0.29 1.19 1.42
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: -6%
Compounded Profit Growth
10 Years: 17%
5 Years: 14%
3 Years: 41%
TTM: 304%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 22%
1 Year: 137%
Return on Equity
10 Years: 7%
5 Years: 3%
3 Years: 3%
Last Year: 10%

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 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 26 26 27 27
Reserves 46 37 40 48 57 69 75 79 83 52 59 138 153
Preference Capital 0 0 0 0 35 45 51 51 51 51 38 8
8 47 66 71 201 234 254 265 281 249 195 175 156
55 11 69 127 108 172 186 194 119 169 188 130 113
Total Liabilities 115 102 182 253 373 481 522 544 489 496 468 470 449
3 15 35 44 163 183 167 184 169 158 81 94 89
CWIP 0 0 0 0 0 0 25 0 0 0 0 7 8
Investments 18 26 29 53 87 72 82 44 40 45 48 42 34
94 60 117 157 123 226 248 316 281 293 339 327 319
Total Assets 115 102 182 253 373 481 522 544 489 496 468 470 449

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

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.65% 72.65% 72.65% 72.60% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 68.98% 68.81%
27.35% 27.35% 27.35% 27.40% 30.99% 30.99% 31.00% 31.00% 31.00% 31.00% 31.01% 31.18%
No. of Shareholders 3,8785,6899,47324,53022,90322,90324,16623,24524,54030,63240,18251,175

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