Madhav Infra Projects Ltd

Madhav Infra Projects Ltd

₹ 10.3 -1.91%
01 Mar - close price
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

  • Market Cap 277 Cr.
  • Current Price 10.3
  • High / Low 15.0 / 3.55
  • Stock P/E 11.9
  • Book Value 6.88
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 12.8 %
  • Face Value 1.00

Pros

  • Company's working capital requirements have reduced from 149 days to 99.8 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.30% over last 3 years.
  • Contingent liabilities of Rs.232 Cr.
  • Promoter holding has decreased over last 3 years: -3.67%

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
65.93 140.15 68.58 101.65 76.86 212.98 78.87 90.52 138.99 204.31 124.26 97.57 87.78
59.52 118.38 54.98 88.73 63.86 201.42 68.93 79.70 125.77 180.73 105.47 83.44 71.56
Operating Profit 6.41 21.77 13.60 12.92 13.00 11.56 9.94 10.82 13.22 23.58 18.79 14.13 16.22
OPM % 9.72% 15.53% 19.83% 12.71% 16.91% 5.43% 12.60% 11.95% 9.51% 11.54% 15.12% 14.48% 18.48%
0.63 1.39 0.65 0.68 0.52 0.70 0.61 26.64 1.09 0.51 0.66 3.00 0.79
Interest 8.33 8.75 7.41 6.91 5.78 8.32 6.35 5.76 6.58 6.55 6.36 6.28 6.00
Depreciation 4.91 6.12 4.78 3.96 3.50 3.50 2.93 2.97 2.97 4.29 3.78 3.78 3.98
Profit before tax -6.20 8.29 2.06 2.73 4.24 0.44 1.27 28.73 4.76 13.25 9.31 7.07 7.03
Tax % -0.81% -39.81% 16.02% 16.12% 16.75% 300.00% 22.83% 20.50% 8.82% 45.13% 17.29% 11.32% 21.62%
-6.36 11.10 1.74 2.04 3.51 -0.96 1.00 23.76 4.30 5.92 7.55 7.96 4.62
EPS in Rs -0.26 0.44 0.07 0.08 0.14 -0.04 0.04 0.88 0.11 0.19 0.31 0.26 0.13
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 TTM
272 258 399 385 326 204 274 460 513 514
241 178 279 280 254 158 239 409 455 441
Operating Profit 31 80 120 106 72 45 35 51 58 73
OPM % 11% 31% 30% 27% 22% 22% 13% 11% 11% 14%
3 2 4 14 3 29 3 3 29 5
Interest 10 40 54 59 39 34 32 28 25 25
Depreciation 11 29 55 52 30 24 21 16 13 16
Profit before tax 13 15 14 8 6 16 -15 9 48 37
Tax % 31% 33% 23% -1% 20% 74% 20% 29% 24%
9 10 11 8 5 3 -13 6 36 26
EPS in Rs 0.38 0.42 0.30 0.20 0.15 -0.49 0.24 1.26 0.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 36%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 66%
TTM: -13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 24%
1 Year: 150%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 3%
Last Year: 13%

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 Sep 2023
Equity Capital 6 6 6 6 6 6 26 26 27 27
Reserves 49 59 73 68 70 84 53 58 140 158
Preference Capital 0 35 45 51 51 51 51 38 8
150 381 434 470 293 284 252 217 200 180
151 111 171 196 199 121 176 191 207 152
Total Liabilities 356 557 684 740 568 495 506 492 574 518
69 393 399 385 208 175 185 96 132 129
CWIP 0 0 3 25 0 0 0 0 7 8
Investments 98 24 30 31 31 38 32 30 31 23
189 140 252 300 329 282 290 366 404 358
Total Assets 356 557 684 740 568 495 506 492 574 518

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
4 102 79 101 29 2 100 -8 73
-31 -277 -79 -66 155 1 -42 66 -18
35 186 -2 -21 -212 -20 -73 -64 -33
Net Cash Flow 8 11 -2 13 -27 -18 -14 -6 22

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

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.65% 72.65% 72.65% 72.65% 72.60% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 68.98%
27.35% 27.35% 27.35% 27.35% 27.40% 30.99% 30.99% 31.00% 31.00% 31.00% 31.00% 31.01%
No. of Shareholders 2,7243,8785,6899,47324,53022,90322,90324,16623,24524,54030,63240,182

Documents