Madala Holdings Ltd (MADALA)

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Madala Holdings Ltd (MADALA) · mywealthgrid

About

Madala Holdings is a small-cap real estate services company with a market cap of ₹279.87 Cr. Quarterly revenues have ranged ₹3–₹7 Cr over the last two years with significant volatility. Recent quarters show exceptionally high operating margins of 55–58%, a sharp shift from the historical 26–30% range, suggesting either a structural improvement or a shift in revenue mix.

Face value: ₹10

Market cap

₹245 Cr

P/E

22.5×

P/B

1.4×

Dividend yield

ROE

6.7%

ROCE

9.1%

Debt / equity

OPM

12.8%

EPS (TTM)

₹7.2

Book value

₹115.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue declining sharply: ₹6.68 Cr (Mar 2024) to ₹3.24 Cr (Mar 2025) represents 51% YoY drop, raising sustainability concerns
Operating margins extremely volatile (OPM 17.93% to 58.75% range) indicates business concentration or lumpy project cycles — verify revenue concentration by major clients or projects
Very high valuation for volatile earnings: PE 49.71 with declining revenue may indicate market is pricing growth not yet evident
Institutional investors entirely absent: 0% FII, 0% DII limits capital access and liquidity — verify reasons for zero institutional participation

Generated analysis · source review pending

Growth drivers

Operating margin expansion to 55–58% in recent quarters vs 26–30% historical — verify if structural improvement in project economics or mix shift, and sustainability through revenue growth
Real estate services sector exposure — verify company's specific service lines (residential/commercial/infrastructure), geographies, and customer concentration to assess durability of margins and growth levers
Small revenue base (₹3–7 Cr quarterly) relative to market — verify competitive positioning and addressable market to assess scale potential

Generated analysis · source review pending

1,781 historical price candles were omitted because the exchange source has not been verified.

₹165.4-2.4%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+High promoter holding of 73.5% with no pledge

Cons

−Low return on equity of 5.6% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 41
Growth: 47
Valuation: 60

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Madala Holdings LtdMADALAMADALA	₹245 Cr	₹245 Cr	₹75 Cr	₹10 Cr	12.8%	₹11 Cr	14.6%	9.1%	6.7%	55
Justo Realfintech LtdJUSTOJUSTO	₹143 Cr	—	₹92 Cr	₹28 Cr	30.1%	₹20 Cr	21.4%	—	—	—
Standard Industries LimitedSILSIL	₹102 Cr	₹102 Cr	₹216 Cr	₹75 Cr	-39.5%	₹62 Cr	-56.8%	-12.3%	-16.6%	399
Landmark Property Development Company LimitedLPDCLPDC	₹83 Cr	₹83 Cr	₹9 Cr	₹1 Cr	15.9%	₹8 Cr	20.3%	4.9%	3.7%	367
Shricon Industries LtdSHRICONSHRICON	₹25 Cr	₹25 Cr	₹1 Cr	₹-0 Cr	48.7%	₹0 Cr	45%	46.1%	39.6%	72
Rap Corp LtdRAPRAP	₹18 Cr	₹18 Cr	₹68 Cr	₹42 Cr	62.5%	₹44 Cr	64.6%	116.2%	144.7%	0

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	38	46	47	40	74	83	75
	42	40	42	31	66	74	65
	-4	6	5	9	8	8	10
OPM %	-10.9%	13.4%	11.3%	22.6%	10.8%	10.1%	12.8%
Depreciation	3	3	2	2	3	2	2
Interest	0	0	0	0	1	2	2
	17	5	5	10	15	-2	9
Profit before tax	10	8	8	16	20	3	14
Tax	1	3	2	2	3	3	4
Tax %	12.7%	31.2%	26.9%	14.3%	14.7%	97.1%	24.8%
	8	6	6	14	17	0	11
PAT margin %	21.7%	12.4%	12%	34.8%	22.5%	0.1%	14.6%
EPS (₹)	—	—	—	8.2	9.9	—	7.4
EPS adjusted (₹)	4.8	3.3	3.3	8	9.7	0.1	7.2
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	17	17	17	17	17	17	15	15
Reserves	94	108	117	125	138	163	132	160
	5	—	—	—	0	0	—	0
	6	7	9	9	17	33	36	31
Total equity & liabilities	122	132	143	151	172	214	183	206
	16	15	14	13	12	11	11	12
CWIP	—	—	—	1	0	4	—	0
Investments	59	77	89	96	124	168	102	154
	47	40	40	41	35	30	71	40
Total assets	122	132	143	151	172	214	183	206

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	-10.9%	13.4%	11.3%	22.6%	10.8%	10.1%	12.8%
EBIT margin %	-18.5%	7.8%	6.4%	16.3%	7.3%	7.8%	9.8%
PAT margin %	21.7%	12.4%	12%	34.8%	22.5%	0.1%	14.6%
Working capital
Receivable days	178	126	175	81	51	68	75
Inventory days	—	—	—	0	0	—	0
Payable days	13	7	15	12	37	20	20
NWC days	—	—	—	69	14	—	55
Leverage
Current ratio	10.57	32.91	19.37	11.55	7.54	7	10.18
Debt to EBITDA	—	—	—	0	0	—	0
Debt to equity	0.04	—	—	0	0	—	0
Interest coverage	42.3	53	33.1	48.4	12.8	2.6	9.4
Asset turnover	0.31	0.35	0.33	0.23	0.35	0.45	0.36
Return ratios
Return on assets %	6.8%	4.3%	3.9%	8%	7.8%	0%	5.3%
Return on capital employed %	8.5%	6.9%	6%	11.1%	7.6%	2.5%	9.1%
Return on equity %	7.4%	4.6%	4.2%	8.9%	9.3%	0.1%	6.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%
No. of shareholders	—	—	—	—	—	—	—	—	2,375	2,339	2,279	2,231

Promoter holding up 0 percentage points since Sep 2023.

Mr. SRINIVASA RAO MADALANon-Executive - Non Independent Director-Chairperson
Mr. ARAVIND KUMAR MADALAExecutive Director-MD
Mr. SUBBIAH SRINIVASAN BATTINANon-Executive - Non Independent Director
Mr. VEERAGHAVULU KANDULANon-Executive - Independent Director
Mr. RAKESH SRI VANKINANon-Executive - Independent Director
Mrs. NAGA PADMA VALLI KILARINon-Executive - Independent Director
Mr. Devi Prasad RathChief Financial Officer
Mr. Musinam NagarajuCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Madala Holdings Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Interim dividend23 Nov 2015 · ex-date₹1.2

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

56 announcementsExport CSV

1 Oct 2026, 6:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

1 Oct 2026, 6:35 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 7:30 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 11:43 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 7:14 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 7:09 pmAGM/EGM

Annual General Meeting To Be Held On September 30, 2026 At 10:00 AM

AGM PDF

15 Aug 2026, 3:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 2:10 pmBoard Meeting

Board Meeting Outcome for Approval Of Unaudited Financial Results For The 1St Quarter Ended June 30, 2026

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:37 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
1 Oct 2026, 6:35 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	—	—	—	—	—	—	—
EBITDA margin %	-10.9%	13.4%	11.3%	22.6%	10.8%	10.1%	12.8%
EBIT margin %	-18.5%	7.8%	6.4%	16.3%	7.3%	7.8%	9.8%
PAT margin %	21.7%	12.4%	12%	34.8%	22.5%	0.1%	14.6%
Working capital
Receivable days	178	126	175	81	51	68	75
Inventory days	—	—	—	0	0	—	0
Payable days	13	7	15	12	37	20	20
NWC days	—	—	—	69	14	—	55
Leverage
Current ratio	10.57	32.91	19.37	11.55	7.54	7	10.18
Debt to EBITDA	—	—	—	0	0	—	0
Debt to equity	0.04	—	—	0	0	—	0
Interest coverage	42.3	53	33.1	48.4	12.8	2.6	9.4
Asset turnover	0.31	0.35	0.33	0.23	0.35	0.45	0.36
Return ratios
Return on assets %	6.8%	4.3%	3.9%	8%	7.8%	0%	5.3%
Return on capital employed %	8.5%	6.9%	6%	11.1%	7.6%	2.5%	9.1%
Return on equity %	7.4%	4.6%	4.2%	8.9%	9.3%	0.1%	6.2%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	13	1	-3	14	20	4	1
	-6	-4	-4	-7	-43	31	-11
	-5	0	0	8	13	-40	-3
Net cash flow	3	-3	-7	15	-10	—	-13
Free cash flow	11	0	-1	11	16	0	-1
CFO / Operating profit %	—	21%	-59.3%	161.3%	254.6%	48.6%	15.5%

Madala Holdings Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

1

Announcements

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Madala Holdings Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends1

Board meetings1

Announcements

Dividends1

Board meetings1

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1