Mayasheel Ventures Ltd
₹ 54.4
-4.89%
08 Apr
- close price
About
Incorporated in May 2008, Mayasheel Ventures Limited constructs roads and highways for NHIDCL and other government departments.[1]
Key Points
- Market Cap ₹ 120 Cr.
- Current Price ₹ 54.4
- High / Low ₹ 85.0 / 40.0
- Stock P/E 7.97
- Book Value ₹ 27.4
- Dividend Yield 0.00 %
- ROCE 30.4 %
- ROE 43.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
- Debtor days have improved from 52.4 to 35.4 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 126 | 130 | 171 | 194 | |
| 111 | 114 | 146 | 165 | |
| Operating Profit | 15 | 16 | 25 | 29 |
| OPM % | 12% | 13% | 14% | 15% |
| 1 | 1 | 1 | 1 | |
| Interest | 5 | 5 | 6 | 5 |
| Depreciation | 4 | 4 | 4 | 4 |
| Profit before tax | 6 | 9 | 15 | 21 |
| Tax % | 27% | 25% | 26% | |
| 5 | 7 | 11 | 15 | |
| EPS in Rs | 6.97 | 7.98 | ||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| Last Year: | 44% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 16 | 22 |
| Reserves | 18 | 24 | 13 | 38 |
| 40 | 42 | 46 | 27 | |
| 21 | 26 | 24 | 38 | |
| Total Liabilities | 79 | 93 | 99 | 125 |
| 19 | 20 | 22 | 23 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 11 | 8 | 9 | 8 |
| 49 | 65 | 69 | 95 | |
| Total Assets | 79 | 93 | 99 | 125 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 13 | 10 | 12 | |
| 4 | -1 | -6 | |
| -17 | -3 | -9 | |
| Net Cash Flow | 0 | 6 | -3 |
| Free Cash Flow | 12 | 5 | 6 |
| CFO/OP | 100% | 74% | 66% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 88 | 34 | 35 |
| Inventory Days | 38 | 62 | 88 |
| Days Payable | 104 | 124 | 86 |
| Cash Conversion Cycle | 22 | -28 | 38 |
| Working Capital Days | -6 | -7 | 11 |
| ROCE % | 22% | 30% |
Insights
In beta| Jan 2026 | |
|---|---|
| Infrastructure Stretch Length (Border Project) km |
|
| Order Book (Incremental Awards) INR Lakhs |
|
| Project Execution Timeline Months |
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Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2026 - Submitted Regulation 74(5) dematerialization certificate for quarter ended 31 March 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2026 - Submitted Reconciliation of Share Capital Audit Report for FY ended 31 March 2026.
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Bagging/Receiving of orders/contracts
31 March 2026 - Received ₹306.53 crore MoRTH LOA for 27.43km NH-913 road EPC; 36-month completion.
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Awarding of order(s)/contract(s)
31 March 2026 - JV (lead by Mayasheel) awarded ₹306.53 crore MoRTH EPC road contract (km0–27.43 NH-913) for 36 months.
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Trading Window
23 March 2026 - Trading window closed from 01-04-2026 until 48 hours after FY2026 results; directors and designated persons prohibited.
Annual reports
No data available.
Business Profile[1]
Mayasheel Ventures Limited is primarily engaged in infrastructure development, specializing in the construction of roads and highways for government bodies such as NHIDCL and state PWDs.
Type of Contractor:[2] Class A government contractor (U.P. PWD).
Project Model: EPC (Engineering, Procurement, Construction) and BOQ (Bill of Quantity).
Client Model: B2G (Business-to-Government).
Services Offered[3][4]
1. Construction Works
Roads
Highways
Bridges & Flyovers
Drainage & Sewerage systems
Electrical Works
Power houses
Transmission lines
Street lighting
Energy meter installations
EPC Services
Engineering design
Procurement of materials
Construction execution
Designing Services
Pre-bid and post-award design plans
Multidimensional project drawings.
Equipment Data[5]
Mayasheel has a set of owned and leased machinery:
Owned: 80+ types of equipment including excavators, rock breakers, graders, compactors, batching plants, transit mixers, crushers, hot mix plants, pavers, DG sets, dumpers, etc.
Leased: Additional excavators, tippers, water tankers from third parties.
Revenue Bifurcation - FY25[6]
Construction Segment: 99.35%
Electrical Works Segment: 0.65%