Madhucon Projects Ltd

Madhucon Projects Ltd

₹ 9.70 -1.02%
19 Apr - 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 71.6 Cr.
  • Current Price 9.70
  • High / Low 11.7 / 4.05
  • Stock P/E
  • Book Value -246
  • Dividend Yield 0.00 %
  • ROCE -8.29 %
  • ROE %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.275 Cr.
  • Earnings include an other income of Rs.792 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

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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
190 446 140 226 240 342 200 286 231 445 211 257 276
182 429 155 182 251 417 201 282 338 595 238 309 273
Operating Profit 8 17 -14 44 -11 -75 -1 5 -107 -150 -28 -52 3
OPM % 4% 4% -10% 19% -5% -22% -1% 2% -46% -34% -13% -20% 1%
19 56 12 28 5 83 37 12 125 727 20 44 1
Interest 8 217 3 48 -1 -12 8 7 7 25 3 3 8
Depreciation 34 33 35 35 35 35 38 39 60 662 10 9 12
Profit before tax -15 -178 -41 -12 -41 -15 -10 -29 -49 -109 -21 -20 -17
Tax % -13% 2% 1% 16% -17% -94% 92% -3% -1% 11% 4% 5% 13%
-17 -174 -41 -10 -48 -29 -1 -30 -50 -97 -20 -19 -14
EPS in Rs -2.15 -20.63 -4.72 -0.50 -5.72 -3.47 0.65 -3.83 -5.81 -10.48 -2.65 -2.42 -1.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
552 893 1,618 2,038 2,599 1,576 1,035 942 734 909 948 1,162 1,188
506 608 1,260 1,383 1,654 1,212 1,010 885 687 945 1,012 1,415 1,416
Operating Profit 46 285 358 655 945 365 26 57 47 -36 -63 -253 -227
OPM % 8% 32% 22% 32% 36% 23% 2% 6% 6% -4% -7% -22% -19%
21 14 16 147 101 25 48 41 -924 135 127 902 792
Interest 200 363 426 515 748 751 835 279 150 246 31 47 40
Depreciation 157 249 143 198 222 269 249 224 72 129 141 799 692
Profit before tax -289 -313 -195 88 76 -630 -1,010 -405 -1,099 -276 -108 -197 -167
Tax % -14% 4% -13% 94% 68% -2% 4% 6% -1% 5% -17% 10%
-329 -298 -216 6 25 -644 -966 -381 -1,115 -262 -127 -177 -151
EPS in Rs -41.27 -37.50 -30.33 -0.48 2.78 -98.22 -117.33 -46.60 -144.43 -31.63 -14.41 -19.47 -17.24
Dividend Payout % -0% -0% -0% -42% 0% -0% -0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 2%
3 Years: 17%
TTM: 12%
Compounded Profit Growth
10 Years: 4%
5 Years: 13%
3 Years: 2%
TTM: -31%
Stock Price CAGR
10 Years: -7%
5 Years: 5%
3 Years: 26%
1 Year: 98%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 172 -90 -301 -322 -296 -829 -1,775 -2,130 -2,438 -1,892 -2,095 -1,927 -1,823
4,612 5,439 5,954 6,453 6,729 6,748 6,994 7,070 4,446 4,241 4,178 4,011 3,156
1,429 1,606 1,687 2,067 2,013 2,303 2,665 2,758 2,951 2,978 3,413 2,019 2,612
Total Liabilities 6,221 6,963 7,347 8,205 8,454 8,229 7,892 7,705 4,966 5,335 5,503 4,110 3,953
1,341 3,501 4,134 5,575 5,289 4,791 4,552 4,336 1,236 749 677 53 182
CWIP 3,694 2,189 1,975 1,623 151 150 150 151 151 613 550 232 87
Investments 7 16 6 13 2 1 1 3 971 754 754 1 1
1,179 1,257 1,233 994 3,013 3,287 3,189 3,215 2,608 3,218 3,522 3,825 3,684
Total Assets 6,221 6,963 7,347 8,205 8,454 8,229 7,892 7,705 4,966 5,335 5,503 4,110 3,953

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
536 434 374 1,509 -301 683 571 190 -587 -405 232 -241
-1,555 -812 -534 -1,366 466 107 -2 3 2,843 839 -158 949
1,012 299 226 -175 -162 -859 -588 -204 -2,209 -451 -43 -720
Net Cash Flow -7 -79 66 -32 2 -68 -20 -11 47 -16 30 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 241 149 39 26 57 49 11 14 58 2 6 2
Inventory Days 230 205 70 54 28 22 54 31 17 6 3 1
Days Payable 722 1,276 150 122 200 190 308 320 280 258 293 162
Cash Conversion Cycle -251 -922 -40 -43 -116 -119 -243 -276 -204 -250 -284 -159
Working Capital Days -453 -269 -133 -260 -82 -403 -957 -737 -781 -403 -579 -178
ROCE % -2% 1% 4% 8% 13% 2% -3% -2% 1% -1% -4% -8%

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.

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