Mayasheel Ventures Ltd

AI

Mayasheel Ventures Ltd

₹ 26.7 -3.44%
04 Nov - close price
About

Incorporated in May 2008, Mayasheel Ventures Limited constructs roads and highways for NHIDCL and other government departments.[1]

Key Points

Business Overview:[1][2][3]
a) MSVL is an Engineering, Procurement and Construction (EPC) company engaged in the execution of civil construction and infrastructure projects for government and semi-government authorities. The Company undertakes end-to-end project execution, including engineering, procurement of materials, construction, and development, improvement, and maintenance of infrastructure assets. Its core areas of expertise include roads, national highways, elevated roads, flyovers, bridges, culverts, retaining walls, bunkers, electrical works, transmission lines, power houses, street-lighting systems, and other related infrastructure projects.
b) The company primarily executes projects under EPC and Bill of Quantity (BOQ)/item-rate contract models and derives a substantial portion of its revenue from government contracts and tenders. It serves various government dept, public sector undertakings, development authorities, and other institutional clients.
In addition to executing projects directly, the company also undertakes subcontracting assignments for infrastructure construction projects.
c) MSVL is registered as a Class A contractor with the Uttar Pradesh Public Works Dept, enabling it to undertake large-scale infra structure projects. The Company has executed numerous infrastructure projects across multiple states and maintains a significant order book comprising government-funded projects. It is also evaluating opportunities to participate in larger infrastructure developments, including projects under the Hybrid Annuity Model (HAM), to further expand its scale and project portfolio.

  • Market Cap ₹ 58.9 Cr.
  • Current Price ₹ 26.7
  • High / Low ₹ 74.0 / 26.7
  • Stock P/E 3.62
  • Book Value ₹ 28.9
  • Dividend Yield 0.00 %
  • ROCE 27.6 %
  • ROE 35.4 %
  • Face Value ₹ 10.0

Pros

  • Stock is trading at 0.92 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.7%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 58.7 to 103 days.

* 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.

Loading peers table ...

Half Yearly Results

Figures in Rs. Crores

Sep 2024 Mar 2025 Sep 2025 Mar 2026
57 114 80 126
48 99 66 110
Operating Profit 9 15 14 16
OPM % 16% 13% 18% 12%
1 0 0 -6
Interest 3 3 2 2
Depreciation 2 2 2 3
Profit before tax 5 10 11 5
Tax % 20% 29% 25% 28%
4 7 8 3
EPS in Rs 2.60 4.33 3.65 1.49
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
126 130 152 206
111 114 130 176
Operating Profit 15 16 22 30
OPM % 12% 13% 14% 14%
1 1 1 -6
Interest 5 5 5 4
Depreciation 4 4 4 5
Profit before tax 6 9 14 15
Tax % 27% 25% 25% 26%
5 7 10 11
EPS in Rs 6.43 5.14
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 51%
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -62%
Return on Equity
10 Years: %
5 Years: %
3 Years: 36%
Last Year: 35%

Balance Sheet

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.00 0.00 16 22
Reserves 18 24 12 42
40 42 46 51
21 26 24 48
Total Liabilities 79 93 98 163
19 20 24 21
CWIP 0 0 0 0
Investments 11 8 9 8
49 65 65 134
Total Assets 79 93 98 163

Cash Flows

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
13 10 -7 -21
4 -1 -36 -0
-17 -3 47 30
Net Cash Flow 0 6 4 9
Free Cash Flow 12 5 -35 -23
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 100% 74% -16% -56%

Ratios

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 88 34 40 103
Inventory Days 38 62 85 127
Days Payable 104 124 82 144
Cash Conversion Cycle 22 -28 42 85
Working Capital Days -6 -7 6 59
ROCE % 22% 27% 28%

Insights

In beta
Jan 2026
Infrastructure Stretch Length (Border Project)
km

Log in to view insights

Please log in to see hidden values.

Login
Order Book (Incremental Awards)
INR Lakhs
Order Book (Total Unexecuted Work)
INR Lakhs
Project Execution Timeline
Months

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
67.76% 67.76% 67.76% 67.80% 67.78% 67.78%
4.61% 4.05% 3.92% 3.92% 3.92% 4.19%
9.20% 6.08% 5.84% 5.80% 5.66% 5.67%
18.44% 22.11% 22.49% 22.49% 22.64% 22.35%
No. of Shareholders 979304288272285287

* 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