Madhav Infra Projects Ltd
Incorporated in 2010, Madhav Infra
Projects Ltd is in the business of
Infrastructure Development and
Solar Power generation[1]
- Market Cap ₹ 407 Cr.
- Current Price ₹ 15.1
- High / Low ₹ 23.9 / 9.72
- Stock P/E 16.4
- Book Value ₹ 7.89
- Dividend Yield 0.00 %
- ROCE 16.0 %
- ROE 12.4 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 48.0% CAGR over last 5 years
- Debtor days have improved from 82.8 to 53.0 days.
- Company's working capital requirements have reduced from 88.5 days to 59.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.2% over last 3 years.
- Contingent liabilities of Rs.200 Cr.
- Promoter holding has decreased over last 3 years: -3.79%
* 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: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 272 | 258 | 399 | 385 | 326 | 204 | 274 | 460 | 513 | 460 | 610 | |
| 241 | 178 | 279 | 280 | 254 | 158 | 239 | 409 | 455 | 402 | 543 | |
| Operating Profit | 31 | 80 | 120 | 106 | 72 | 45 | 35 | 51 | 58 | 58 | 67 |
| OPM % | 11% | 31% | 30% | 27% | 22% | 22% | 13% | 11% | 11% | 13% | 11% |
| 3 | 2 | 4 | 14 | 3 | 29 | 3 | 3 | 29 | 6 | 6 | |
| Interest | 10 | 40 | 54 | 59 | 39 | 34 | 32 | 28 | 25 | 24 | 28 |
| Depreciation | 11 | 29 | 55 | 52 | 30 | 24 | 21 | 16 | 13 | 16 | 15 |
| Profit before tax | 13 | 15 | 14 | 8 | 6 | 16 | -15 | 9 | 48 | 25 | 30 |
| Tax % | 31% | 33% | 23% | -1% | 20% | 74% | -20% | 29% | 24% | 10% | 18% |
| 9 | 10 | 11 | 8 | 5 | 3 | -13 | 6 | 36 | 23 | 25 | |
| EPS in Rs | 0.38 | 0.42 | 0.30 | 0.20 | 0.15 | -0.49 | 0.24 | 1.26 | 0.80 | 0.96 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 25% |
| 3 Years: | 10% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 48% |
| 3 Years: | 61% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 49% |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 12% |
| Last Year: | 12% |
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 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 26 | 26 | 27 | 27 | 27 |
| Reserves | 49 | 59 | 73 | 68 | 70 | 84 | 53 | 72 | 140 | 162 | 186 |
| 150 | 416 | 479 | 521 | 344 | 335 | 303 | 255 | 207 | 153 | 160 | |
| 151 | 76 | 126 | 144 | 147 | 70 | 125 | 140 | 200 | 159 | 274 | |
| Total Liabilities | 356 | 557 | 684 | 740 | 568 | 495 | 506 | 492 | 574 | 501 | 647 |
| 69 | 393 | 399 | 385 | 208 | 175 | 185 | 96 | 132 | 127 | 121 | |
| CWIP | 0 | 0 | 3 | 25 | 0 | 0 | 0 | 0 | 7 | 3 | 3 |
| Investments | 98 | 24 | 30 | 31 | 31 | 38 | 32 | 30 | 31 | 21 | 21 |
| 189 | 140 | 252 | 300 | 329 | 282 | 290 | 366 | 404 | 349 | 501 | |
| Total Assets | 356 | 557 | 684 | 740 | 568 | 495 | 506 | 492 | 574 | 501 | 647 |
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 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 102 | 79 | 101 | 29 | 2 | 100 | -8 | 73 | 65 | 124 | |
| -31 | -277 | -79 | -66 | 155 | 1 | -42 | 66 | -18 | -4 | -73 | |
| 35 | 186 | -2 | -21 | -212 | -20 | -73 | -64 | -33 | -79 | -28 | |
| Net Cash Flow | 8 | 11 | -2 | 13 | -27 | -18 | -14 | -6 | 22 | -17 | 23 |
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 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 70 | 53 | 65 | 123 | 149 | 113 | 90 | 117 | 78 | 53 |
| Inventory Days | 102 | 17 | 190 | 200 | 218 | 339 | 273 | 222 | 167 | 163 | 85 |
| Days Payable | 183 | 94 | 295 | 228 | 204 | 211 | 187 | 202 | 279 | 222 | 130 |
| Cash Conversion Cycle | -71 | -6 | -51 | 37 | 138 | 277 | 199 | 109 | 5 | 20 | 9 |
| Working Capital Days | 10 | -26 | 19 | 23 | 106 | 275 | 195 | 152 | 100 | 107 | 59 |
| ROCE % | 15% | 13% | 11% | 9% | 12% | 4% | 10% | 13% | 13% | 16% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Appointment of Mr. Nikhil Kaushik as Independent Director for five years from Feb 3, 2025.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
2d - Regularization of Mr. Nikhil Kaushik as Independent Director approved with 99.995% votes in favor.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
2d - Shareholders approved Mr. Nikhil Kaushik as Independent Director via postal ballot on May 16, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2 May - Of Newspaper Publication of Standalone and Consolidated Audited Financial Results for the quarter and year ended on March 31, 2025.
-
Revised Outcome Of Board Meeting Held On Today, I.E, May 01, 2025.
1 May - Audited FY25 financial results approved; new secretarial, internal, cost auditors appointed for 2025-30.
Business Divisions