MoneyWorks4Me

Madhav Infra Projects Ltd (MADHAVIPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539894 NSE: MADHAVIPL Engineering - Construction | Small Cap | Madhav Infra Project Share Price

₹7.16 -0.01 (-0.14%)

As on 12-Oct'26 16:59

Madhav Infra Projects Ltd (MADHAVIPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539894 NSE: MADHAVIPL Engineering - Construction | Small Cap | Madhav Infra Project Share Price

₹7.16 -0.01 (-0.14%)

As on 12-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹193 Cr.
Current Price
₹7.2
52-Week Low / High
₹7 / 12
TTM EPS
₹1
TTM Sales
₹503 Cr.
Book Value per Share
₹9.1
P/E Ratio
7.37
Lower than its 5-year historical median
Industry PE
22.9
Price to Book (P/B)
0.78
Lower than its 5-year historical median
Price to Sales (P/S)
0.38
Lower than its 5-year historical median
EV/EBITDA
3.78
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
12.01%
Outperforms industry median
Return on Capital Employed (ROCE)
15.68%
Outperforms industry median
Return on Assets (ROA)
4.29%
Operating Profit Margin
13.2%
Net Profit Margin
5.41%
Gross Profit Margin
8.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-21.78%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-0.9%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
9.07%
Asset Quality
Promoter Holding
68.81%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹219 Cr.
Equity
₹27 Cr.
Face Value
₹1
All Time Low / High
₹3.55 / 23.90

Madhav Infra Projects stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Madhav Infra Projects Ltd a good quality company?
Madhav Infra Projects Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Madhav Infra Projects Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Madhav Infra Projects Ltd vs industry peers?
Madhav Infra Projects Ltd revenue CAGR is 12.89%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Madhav Infra Projects Ltd?
Promoters hold 68.81% of the Madhav Infra Projects Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Madhav Infra Projects Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 12.84% based on the current price.

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)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Madhav Infra Projects Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ13.2%11.3%9.9%12.1%4.2%10.5%18.8%12.4%17.2%15.1%-
Value Creation
Index ⓘ
-0.1-0.2-0.3-0.1-0.7-0.30.3-0.10.20.1-

Growth Parameters ⓘ

Sales ⓘ335307299200270387322358572448420
Sales YoY Gr.--8.4%-2.5%-33%34.6%43.4%-16.7%11.2%59.8%-21.8%-
Adj EPS ⓘ0.30.30.10.2-0.50.30.50.710.90.9
YoY Gr.--13.3%-53.9%50%-361.1%NA82.1%33.3%44.1%-7.1%-
BVPS (₹) ⓘ2.93.23.33.533.36.16.97.98.99
Adj Net
Profit ⓘ
7.76.73.14.6-12.17.113.818.326.324.424
Cash Flow from Ops. ⓘ58.647.61.7-1389.42426.663.354-6.9-
Debt/CF from Ops. ⓘ45.3154.8-21.62.88.16.922.3-18.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ3.3%10.7%11.6%-21.8%
Adj EPS ⓘ13.1%NA21.3%-7.1%
BVPSⓘ13.1%24%13.1%12.3%
Share Price - 12% 1.2% -32%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
7.15.32.33.3-8.95.49.110.413.210.89.8
Op. Profit
Mgn % ⓘ
22.118.520.722.212.512.914.413.110.512.312.2
Net Profit
Mgn % ⓘ
2.32.212.3-4.51.84.35.14.65.55.6
Debt to
Equity ⓘ
21.91.921.91.61.10.70.60.5-
Working Cap
Days ⓘ
141217274462327229292259188260120
Cash Conv.
Cycle ⓘ
62672172139788666133459

Valuation of Madhav Infra Project - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales399386326204274460513460610502
Operating Expenses ⓘ + 280280254159239409455402543436
Manufacturing Costs11983634112321222016498148
Material Costs1141491549090170209214417261
Employee Cost 20252319171715131215
Other Costs ⓘ 27241499911111612
Operating Profit ⓘ 1201067145355158586766
Operating Profit Margin (%) 29.9%27.3%21.9%22.1%12.7%11.1%11.2%12.7%11.0%13.2%
Other Income ⓘ + 4143293329668
Exceptional Items ⓘ 0000000000
Interest ⓘ 54593934322825242825
Depreciation ⓘ 55523024211613161514
Profit Before Tax ⓘ 148616-15948253036
Tax ⓘ 3-0112-3311358
Profit After Tax 11854-12737222527
PAT Margin (%) 2.7%2.1%1.6%2.0%-4.4%1.5%7.1%4.8%4.1%5.4%
Adjusted EPS (₹)0.40.30.20.2-0.50.21.30.81.01.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 124126127142130122167188213240
Share Capital ⓘ 51.3657.6657.6657.6676.8863.5226.9626.9626.9626.96
Reserves ⓘ 736870845358140162186213
Debt +381410251265224191182133131139
Long Term Debt34536620118517216114212095103
Short Term Debt35444980523040133636
Minority Interest131521224311
Trade Payables92938652469415913014888
Others Liabilities ⓘ 759410136102847456162147
Total Liabilities ⓘ 685738567496504492586511655614

Fixed Assets

Net Fixed Assets ⓘ +39938520817518596132127121113
Gross Block453501319292322196240249250246
Accumulated Depreciation55116111117137100108122129133
CWIP ⓘ 325000073335
Investments ⓘ 30313138323031212121
Inventories598292846810495969872
Trade Receivables586911083851131659989109
Cash Equivalents 56694224434756519786
Others Assets ⓘ 8079849293103100114226176
Total Assets ⓘ 685738567496504492586511655614
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 7910129-2100-873657532
PBT ⓘ 148616-15948253036
Adjustment ⓘ 1061076555504210353831
Changes in Working Capital ⓘ -38-10-38-7259-50101517-24
Tax Paid ⓘ -3-5-5-16-95-10-10-10
Cash Flow From Investing Activity ⓘ + -79-662094-4266-18-4-25-31
Capex -64-69207-8-2660-38-8-8-0
Net Investments -18-0-1-7-3-9131-21-36
Others ⓘ 34319-13157346
Cash Flow From Financing Activity ⓘ + -2-21-265-20-73-64-33-79-27-20
Net Proceeds from Shares ⓘ 10600000000
Net Proceeds from Borrowing ⓘ 3321-16514-40-11-18-28-258
Interest Paid ⓘ -54-59-39-34-32-28-25-24-28-25
Dividend Paid ⓘ 0000000000
Others ⓘ 911-62-00-2411-2726-2
Net Cash Flow ⓘ -213-27-18-14-622-1723-19
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)15.1510.586.754.97-14.178.2529.1912.512.4212.01
ROCE (%)13.211.78.8911.784.2710.3320.1813.4816.0915.68
Asset Turnover Ratio0.640.570.530.40.581.021.040.941.190.88
PAT to CFO Conversion(x)7.1812.635.8-0.5N/A-1.141.972.9531.19
Working Capital Days
Receivable Days49.4057.2093.70164.30106.1071.1090.3093.3049.4064.60
Inventory Days31.5063.8091.20149.7095.9061.6064.7067.805155.60
Payable Days229.10227.10212.10280198.40150.60221.80246.50121.70164.80

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Announcements

Madhav Infra Projects Ltd FAQs

The current trading price of Madhav Infra Project on 12-Oct-2026 16:59 is ₹7.16.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Oct-2026 the market cap of Madhav Infra Project stood at ₹193.0 Cr

The latest P/E ratio of Madhav Infra Project as of 11-Oct-2026 is 8.16.

The latest P/B ratio of Madhav Infra Project as of 11-Oct-2026 is 0.79.

The 52-week high of Madhav Infra Project is ₹12.30 and the 52-week low is ₹6.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Madhav Infra Project is ₹420 ( Cr.) .

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

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.

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.

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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