Madhucon Projects Ltd

Madhucon Projects Ltd

₹ 9.30 -2.62%
28 May - close price
About

Incorporated in 1983, Madhucon Projects Ltd is in the business of Construction, Power and Toll Collection[1]

Key Points

Business Overview:[1][2]
Company does development and execution of Engineering, Procurement and Construction (EPC) and Turnkey Projects in multiple sectors such as Transportation, Irrigation, Water Resource Infrastructures, Railways, development of smart cities and properties in India. Company undertakes Projects in all modes viz., Cash Contracts, EPC and Build, Own and Operate (BOT). It has in-house Design Facility to undertake Surveys, Investigation, Design of Structures etc.

  • Market Cap 68.6 Cr.
  • Current Price 9.30
  • High / Low 11.7 / 4.05
  • Stock P/E
  • Book Value 71.1
  • Dividend Yield 0.00 %
  • ROCE -1.28 %
  • ROE -1.94 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.13 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.28% over past five years.
  • Company has a low return on equity of -2.76% over last 3 years.
  • Contingent liabilities of Rs.275 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
290.93 95.98 182.88 178.37 248.92 144.95 228.41 195.44 332.02 186.86 236.78 256.04 271.56
311.06 102.95 146.13 184.26 258.03 167.95 230.86 298.63 345.20 206.69 237.98 257.62 510.32
Operating Profit -20.13 -6.97 36.75 -5.89 -9.11 -23.00 -2.45 -103.19 -13.18 -19.83 -1.20 -1.58 -238.76
OPM % -6.92% -7.26% 20.10% -3.30% -3.66% -15.87% -1.07% -52.80% -3.97% -10.61% -0.51% -0.62% -87.92%
19.95 3.42 1.07 3.46 8.62 21.41 1.37 102.79 8.48 17.33 1.20 3.09 232.80
Interest 0.50 1.68 39.38 0.26 0.36 0.69 0.30 0.35 0.69 0.55 1.10 4.43 1.16
Depreciation 2.27 1.18 1.18 1.18 1.25 1.03 1.19 1.21 2.39 1.46 1.54 1.54 1.56
Profit before tax -2.95 -6.41 -2.74 -3.87 -2.10 -3.31 -2.57 -1.96 -7.78 -4.51 -2.64 -4.46 -8.68
Tax % 126.78% 6.40% 67.15% -178.81% -667.62% 270.69% -35.41% -15.31% 158.48% 21.06% 37.12% 47.53% 68.89%
0.79 -5.99 -0.90 -10.79 -16.12 5.65 -3.47 -2.26 4.54 -3.56 -1.67 -2.34 -2.70
EPS in Rs 0.11 -0.81 -0.12 -1.46 -2.18 0.77 -0.47 -0.31 0.62 -0.48 -0.23 -0.32 -0.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,045 865 1,137 718 693 664 669 547 643 706 901 951
864 675 937 570 557 565 661 558 757 729 1,043 1,213
Operating Profit 181 191 200 148 136 99 9 -11 -114 -23 -142 -261
OPM % 17% 22% 18% 21% 20% 15% 1% -2% -18% -3% -16% -27%
19 32 28 21 19 22 15 -219 72 17 134 254
Interest 111 126 128 105 98 93 23 13 3 4 2 7
Depreciation 55 47 38 32 25 17 8 8 6 5 6 6
Profit before tax 34 50 62 31 32 11 -6 -252 -51 -15 -16 -20
Tax % 1% 36% 21% 27% 44% -21% 410% 14% 28% -124% 129% 49%
34 32 49 22 18 13 19 -216 -36 -34 4 -10
EPS in Rs 4.58 4.30 6.69 3.03 2.40 1.78 2.52 -29.21 -4.94 -4.58 0.60 -1.39
Dividend Payout % 2% 2% 3% 0% 4% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 7%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: -363%
Stock Price CAGR
10 Years: -12%
5 Years: -1%
3 Years: 20%
1 Year: 121%
Return on Equity
10 Years: 1%
5 Years: -2%
3 Years: -3%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 668 699 737 758 776 788 807 592 556 522 527 517
656 573 648 568 593 639 713 743 732 716 533 448
1,751 1,891 1,989 1,946 1,385 1,476 1,439 1,499 1,325 1,225 1,086 955
Total Liabilities 3,083 3,170 3,382 3,280 2,762 2,910 2,967 2,841 2,620 2,470 2,154 1,928
173 128 84 55 53 51 49 42 43 38 32 29
CWIP 0 0 0 0 2 0 0 0 0 0 0 0
Investments 1,357 1,377 1,557 1,724 1,772 1,772 1,716 1,716 1,488 1,488 1,398 1,093
1,552 1,665 1,741 1,500 935 1,087 1,202 1,084 1,089 944 723 806
Total Assets 3,083 3,170 3,382 3,280 2,762 2,910 2,967 2,841 2,620 2,470 2,154 1,928

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
406 76 294 311 115 45 -40 -11 37 19 178 175
-227 8 -170 -16 -61 -13 -5 -1 -7 1 1 -1
-192 -88 -129 -282 -57 -31 38 7 -27 -20 -185 -173
Net Cash Flow -12 -3 -5 13 -4 1 -7 -4 4 0 -6 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 133 49 129 142 72 108 141 17 1 6 2 17
Inventory Days 54 125 21 106 64 120 178 102 51 14 5 0
Days Payable 240 372 445 2,464 659 1,070 2,030 1,704 2,410 2,200 1,131 164
Cash Conversion Cycle -52 -198 -295 -2,216 -524 -842 -1,711 -1,585 -2,358 -2,179 -1,124 -147
Working Capital Days -92 -3 -44 -519 -319 -268 -246 -692 -558 -508 -309 -215
ROCE % 11% 13% 14% 10% 10% 7% 1% -1% -4% -1% -1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.96% 58.96% 59.08% 59.08% 59.08% 59.08% 59.08% 59.08% 59.08% 59.08% 59.08% 59.08%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
41.01% 41.01% 40.90% 40.90% 40.90% 40.88% 40.89% 40.90% 40.90% 40.89% 40.89% 40.90%
No. of Shareholders 17,04517,12418,51619,42419,31519,39719,71719,69719,70419,39519,68819,714

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents