Is Madhav Infra Projects Ltd (539894) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Madhav Infra Projects Ltd is a average quality company .

Is Madhav Infra Projects Ltd (539894) undervalued or overvalued?

The key valuation ratios of Madhav Infra Projects Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Madhav Infra Projects Ltd (539894) share price return in the past 10 years?

Data is not available for this company

Is Madhav Infra Projects Ltd (539894) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Madhav Infra Projects Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Madhav Infra Projects Ltd (539894)?

Company share prices are keep on changing according to the market conditions. The current trading price of Madhav Infra Projects Ltd (539894) on 13-Apr-2026 16:59:59 at 16:59 is 8.89.

What is the market cap of Madhav Infra Projects Ltd (539894)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Apr-2026 at 16:59, the market cap of Madhav Infra Projects stood at Rs. 239.66 Cr.

What is the P/E ratio of Madhav Infra Projects?

The latest standalone P/E ratio of Madhav Infra Projects as of 13-Apr-2026 is 8.85.

What is the P/B ratio of Madhav Infra Projects Ltd (539894)?

The latest standalone P/B ratio of Madhav Infra Projects Ltd (539894) as of 13-Apr-2026 is 1.05.

What is the 52-week high and low of Madhav Infra Projects Ltd (539894)?

The 52-week high of Madhav Infra Projects Ltd (539894) is Rs. 16.20 and the 52-week low is Rs. 6.65.

What is the TTM revenue of Madhav Infra Projects Ltd (539894)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Madhav Infra Projects is Rs. 537.60 (Cr.).

Madhav Infra Projects Ltd (539894) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Madhav Infra Projects Ltd (539894)
Brand: Madhav Infra Projects

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	15%	13.2%	11.3%	9.9%	12.1%	4.2%	10.5%	18.8%	12.4%	17.2%	-
Value Creation Index ⓘ	0.1	-0.1	-0.2	-0.3	-0.1	-0.7	-0.3	0.3	-0.1	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	306	335	307	299	200	270	387	322	358	572	538
Sales YoY Gr.	-	9.3%	-8.4%	-2.5%	-33%	34.6%	43.4%	-16.7%	11.2%	59.8%	-
Adj EPS ⓘ	0.4	0.3	0.3	0.1	0.2	-0.5	0.3	0.5	0.7	1	1
YoY Gr.	-	-14.3%	-13.3%	-53.9%	50%	-361.1%	NA	82.1%	33.3%	42.7%	-
BVPS (₹) ⓘ	2.5	2.9	3.2	3.3	3.5	3	3.3	6.1	6.9	7.9	8.5
Adj Net Profit ⓘ	9.1	7.7	6.7	3.1	4.6	-12.1	7.1	13.8	18.3	26.3	27
Cash Flow from Ops. ⓘ	21.2	58.6	47.6	1.7	-13	89.4	24	26.6	63.3	105	-
Debt/CF from Ops. ⓘ	9.5	4	5.3	154.8	-21.6	2.8	8.1	6.9	2	1.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.2%	23.4%	14%	59.8%
Adj EPS ⓘ	12%	40.1%	51.3%	42.7%
BVPSⓘ	13.7%	17.7%	33.5%	14.5%
Share Price	-	10.4%	26.2%	-32.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	11.8	7.1	5.3	2.3	3.3	-8.9	5.4	9.1	10.4	13.2	12.2
Op. Profit Mgn % ⓘ	12.7	22.1	18.5	20.7	22.2	12.5	12.9	14.4	13.1	10.5	11
Net Profit Mgn % ⓘ	3	2.3	2.2	1	2.3	-4.5	1.8	4.3	5.1	4.6	5
Debt to Equity ⓘ	2	2	1.9	1.9	2	1.9	1.6	1.1	0.7	0.6	-
Working Cap Days ⓘ	118	141	217	274	462	327	229	292	259	188	113
Cash Conv. Cycle ⓘ	-25	6	26	72	172	139	78	86	66	13	49

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Sales growth is growing at healthy rate in last 3 years 13.96%

Net Profit is growing at healthy rate in last 3 years 51.31%

Debt to equity has declined versus last 3 years average to 0.59

Sales growth is good in last 4 quarters at 34.70%

No data to display

	Standalone	Consolidated
TTM EPS (₹)	1	1
TTM Sales (₹ Cr.)	538	556
BVPS (₹) ⓘ	8.5	8.7
Reserves (₹ Cr.) ⓘ	202	209
P/BV ⓘ	1.05	1.02
PE ⓘ	8.85	8.59

From the Market
52 Week Low / High (₹)	6.65 / 16.20
All Time Low / High (₹)	3.55 / 23.90
Market Cap (₹ Cr.)	240
Equity (₹ Cr.)	27
Face Value (₹)	1
Industry PE ⓘ	29.3

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	306	335	307	299	200	270	387	322	358	572
Operating Expenses ⓘ +	267	261	250	238	156	236	337	276	311	512
Manufacturing Costs	35	113	72	57	39	122	141	67	94	76
Material Costs	198	110	144	147	90	89	171	188	201	417
Employee Cost	15	19	22	21	18	17	17	11	8	9
Other Costs ⓘ	19	20	13	13	9	8	8	9	7	11
Operating Profit ⓘ	39	74	57	62	44	34	50	46	47	60
Operating Profit Margin (%)	12.7%	22.1%	18.5%	20.6%	22.2%	12.5%	12.9%	14.4%	13.1%	10.5%
Other Income ⓘ +	2	3	12	3	29	3	2	29	5	6
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	18	33	36	35	34	32	27	22	21	24
Depreciation ⓘ	9	34	27	26	23	20	15	11	11	9
Profit Before Tax ⓘ	14	10	6	4	16	-15	10	42	20	32
Tax ⓘ	5	2	-1	1	12	-3	3	10	1	5
Profit After Tax	9	8	7	3	5	-12	7	32	19	27
PAT Margin (%)	3.0%	2.3%	2.3%	1.1%	2.3%	-4.5%	1.9%	10.0%	5.2%	4.7%
Adjusted EPS (₹)	0.4	0.3	0.3	0.1	0.2	-0.5	0.3	1.2	0.7	1.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	99	120	133	136	141	129	123	165	186	213
Share Capital ⓘ	41	51	58	58	58	77	64	27	27	27
Reserves ⓘ	57	69	75	79	83	52	59	138	159	186
Debt +	184	198	218	225	262	222	169	158	105	103
Long Term Debt	152	168	186	178	183	169	140	118	92	67
Short Term Debt	33	30	32	48	80	52	30	40	13	36
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	51	91	91	85	52	45	94	94	114	137
Others Liabilities ⓘ	40	72	79	96	34	98	82	58	46	147
Total Liabilities ⓘ	373	481	520	543	489	493	469	476	451	600
Fixed Assets
Net Fixed Assets ⓘ +	163	183	167	184	169	158	81	94	89	84
Gross Block	188	217	252	294	277	285	171	190	193	190
Accumulated Depreciation	25	34	85	110	108	128	90	96	104	106
CWIP ⓘ	0	0	25	0	0	0	0	7	3	3
Investments ⓘ	87	72	82	44	40	45	48	42	32	32
Inventories	8	59	81	92	83	67	103	78	95	98
Trade Receivables	53	60	68	109	81	93	95	149	97	78
Cash Equivalents	44	46	41	38	24	41	45	35	40	92
Others Assets ⓘ	17	61	57	76	92	89	97	70	94	213
Total Assets ⓘ	373	481	520	543	489	493	469	476	451	600

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	21	59	48	2	-13	89	24	27	63	105
PBT ⓘ	9	10	6	4	16	-15	10	42	20	32
Adjustment ⓘ	30	64	59	58	54	49	40	5	27	29
Changes in Working Capital ⓘ	-15	-12	-14	-54	-82	48	-18	-27	24	55
Tax Paid ⓘ	-3	-4	-4	-6	-1	7	-8	7	-8	-11
Cash Flow From Investing Activity ⓘ +	-162	-52	-37	30	3	-8	50	15	5	-51
Capex	-129	-54	-36	-18	-8	-9	60	-5	-2	-4
Net Investments	-35	-1	-4	45	8	-14	-14	23	3	-27
Others ⓘ	2	3	3	2	3	15	4	-3	4	-20
Cash Flow From Financing Activity ⓘ +	147	-9	-10	-28	3	-73	-80	-35	-74	-27
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	118	17	18	-8	37	-41	-30	-21	-26	-25
Interest Paid ⓘ	-18	-33	-36	-35	-34	-32	-27	-22	-21	-24
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	47	7	8	16	0	-0	-24	9	-27	22
Net Cash Flow ⓘ	6	-3	1	4	-7	9	-7	7	-5	27

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	15.39	11.17	8.93	3.92	5.26	-14.39	9.12	25.64	10.65	13.53
ROCE (%)	15	13.23	11.34	9.88	12.14	4.17	10.51	18.79	12.36	17.23
Asset Turnover Ratio	0.98	0.78	0.65	0.6	0.41	0.58	0.9	0.78	0.89	1.24
PAT to CFO Conversion(x)	2.33	7.38	6.86	0.67	-2.6	N/A	3.43	0.84	3.32	3.89
Working Capital Days
Receivable Days	36	62	72	101	165	112	79	120	109	49
Inventory Days	34	37	79	98	152	97	72	89	77	54
Payable Days	123	236	231	218	278	198	148	183	189	110

About Madhav Infra Projects Ltd

Madhav Infra Project Private Limited was incorporated in the year 2010, has established itself as Other, Service Provider of Real Estate. Madhav Infra Project Private Limited is operates under Madhav Group which focused on Energy, Highways, Urban Infrastructure and Real Estate industries. Each vertical of the Group has a springboard of sound professional management and an enthusiastic workforce, to deliver challenging and rigorous assignments, in any part of the country, thereby carving an impressive track record with exceptional quality and speed. The company also engaged in the business of Civil Construction Contract.

Business area of the company

The company is engaged in development, construction as well as operation & maintenance of Infrastructure Projects. The Company undertakes infrastructure developments projects directly or indirectly through Special Purpose Vehicle (SPVs), in terms of the concessional agreements. The company also engaged in the business of Power Generation Business i.e. solar & Hydro.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Madhav Infra Projects Ltd (539894) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Madhav Infra Project Share Price