Madhav Infra Projects Ltd

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

Madhav Infra Projects Ltd

₹ 15.3 4.94%
26 Jul - close price
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 ₹ 412 Cr.
  • Current Price ₹ 15.3
  • High / Low ₹ 15.3 / 5.53
  • Stock P/E 19.0
  • Book Value ₹ 6.99
  • Dividend Yield 0.00 %
  • ROCE 13.4 %
  • ROE 12.2 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 35.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 11.4% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
140.15 68.58 101.65 76.86 212.98 78.87 90.52 138.99 204.31 124.26 97.57 87.78 150.77
118.38 54.98 88.73 63.86 201.42 68.93 79.70 125.77 180.73 105.47 83.44 71.56 141.59
Operating Profit 21.77 13.60 12.92 13.00 11.56 9.94 10.82 13.22 23.58 18.79 14.13 16.22 9.18
OPM % 15.53% 19.83% 12.71% 16.91% 5.43% 12.60% 11.95% 9.51% 11.54% 15.12% 14.48% 18.48% 6.09%
1.39 0.65 0.68 0.52 0.70 0.61 26.64 1.09 0.51 0.66 3.00 0.79 1.68
Interest 8.75 7.41 6.91 5.78 8.32 6.35 5.76 6.58 6.55 6.36 6.28 6.00 5.20
Depreciation 6.12 4.78 3.96 3.50 3.50 2.93 2.97 2.97 4.29 3.78 3.78 3.98 4.30
Profit before tax 8.29 2.06 2.73 4.24 0.44 1.27 28.73 4.76 13.25 9.31 7.07 7.03 1.36
Tax % -39.81% 16.02% 16.12% 16.75% 300.00% 22.83% 20.50% 8.82% 45.13% 17.29% 11.32% 21.62% -99.26%
11.10 1.74 2.04 3.51 -0.96 1.00 23.76 4.30 5.92 7.55 7.96 4.62 2.76
EPS in Rs 0.44 0.07 0.08 0.14 -0.04 0.04 0.88 0.11 0.19 0.31 0.26 0.13 0.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
272 258 399 385 326 204 274 460 513 460
241 178 279 280 254 158 239 409 455 402
Operating Profit 31 80 120 106 72 45 35 51 58 58
OPM % 11% 31% 30% 27% 22% 22% 13% 11% 11% 13%
3 2 4 14 3 29 3 3 29 6
Interest 10 40 54 59 39 34 32 28 25 24
Depreciation 11 29 55 52 30 24 21 16 13 16
Profit before tax 13 15 14 8 6 16 -15 9 48 25
Tax % 31% 33% 23% -1% 20% 74% -20% 29% 24% 10%
9 10 11 8 5 3 -13 6 36 23
EPS in Rs 0.38 0.42 0.30 0.20 0.15 -0.49 0.24 1.26 0.80
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 19%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 55%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 38%
1 Year: 175%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 26 26 27 27
Reserves 49 59 73 68 70 84 53 58 140 162
150 416 479 521 344 335 303 255 207 153
151 76 126 144 147 70 125 153 200 159
Total Liabilities 356 557 684 740 568 495 506 492 574 501
69 393 399 385 208 175 185 96 132 127
CWIP 0 0 3 25 0 0 0 0 7 3
Investments 98 24 30 31 31 38 32 30 31 21
189 140 252 300 329 282 290 366 404 349
Total Assets 356 557 684 740 568 495 506 492 574 501

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 102 79 101 29 2 100 -8 73 65
-31 -277 -79 -66 155 1 -42 66 -18 -4
35 186 -2 -21 -212 -20 -73 -64 -33 -79
Net Cash Flow 8 11 -2 13 -27 -18 -14 -6 22 -17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 9 70 53 65 123 149 113 90 117 78
Inventory Days 102 17 190 200 218 339 273 222 167 163
Days Payable 183 94 295 228 204 211 187 202 279 222
Cash Conversion Cycle -71 -6 -51 37 138 277 199 109 5 20
Working Capital Days 10 -26 19 23 106 275 195 152 100 107
ROCE % 15% 13% 11% 9% 12% 4% 10% 13% 13%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.65% 72.65% 72.60% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 68.98% 68.81% 68.81%
27.35% 27.35% 27.40% 30.99% 30.99% 31.00% 31.00% 31.00% 31.00% 31.01% 31.18% 31.18%
No. of Shareholders 5,6899,47324,53022,90322,90324,16623,24524,54030,63240,18251,17551,671

Documents

Announcements

Annual reports

Credit ratings