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Madhav Infra Projects Limited (MADHAVIPL) · mywealthgrid

About

Madhav Infra Projects Limited operates in civil construction (Industrials sector), market cap ₹189.8 Cr. Recent quarters show revenue ranging ₹56.62–₹297.72 Cr, reflecting project-based execution. Moderate leverage (D/E 0.75) with ROE of 12.89%.

Face value: ₹1

Market cap

₹197 Cr

P/E

7.6×

P/B

0.9×

Dividend yield

ROE

12.9%

ROCE

17.8%

Debt / equity

0.75

OPM

11%

EPS (TTM)

₹1.0

Book value

₹7.9

52-week high

₹12.0

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins fell from 23.94% (Jun 2024) to 6.72% (Mar 2025) despite revenue scaling to ₹297.72 Cr, indicating pricing pressure or unfavorable project mix
Latest quarter EPS of ₹0 despite ₹11.39 Cr net profit; researchers should verify accounting drivers or structural profitability issues
Quarterly revenue varies 5-fold (₹56.62 to ₹297.72 Cr), indicating project concentration and lumpy earnings visibility
1-year stock return of -41.96% despite PE 7.34 and ROE 12.89% reflects persistent market concern about earnings durability

Generated analysis · source review pending

Growth drivers

Q4 FY25 revenue of ₹297.72 Cr (highest in 2-year history) demonstrates execution capability; sustained order inflow at scale would drive profit growth even at thin 6.72% margins
Operating margin compression (23.94% → 6.72%) may reflect temporary project-mix factors; recovery to 15-20% on current ₹300 Cr revenue base would significantly boost net income
D/E ratio of 0.75 leaves capex headroom; researchers should verify capital plans and infrastructure cycle positioning

Generated analysis · source review pending

₹7.3-34.7%1Y

Beta

1.12

Moves with the index

Volatility (1y)

41.8%

Annualised, daily returns

RSI (14)

32.2

Neither overbought nor oversold

Rel. strength (1y)

-44.8%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+High promoter holding of 68.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

45/100

Business quality: 33
Valuation: 100
Momentum: 2

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
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

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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 2024	Mar 2025
	460	610
COGS	214	417
Gross profit	246	193
	188	126
Operating profit (EBITDA)	58	67
OPM %	12.7%	11%
Depreciation	16	15
Interest	24	28
	6	6
Profit before tax	24	31
Tax	3	5
Tax %	10.6%	17.3%
	22	26
PAT margin %	4.7%	4.2%
EPS (₹)	0.9	1
EPS adjusted (₹)	0.8	1
Annual report	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2023	Mar 2024	Mar 2025
Equity capital	27	27	27
Reserves	—	162	186
Minority interest	—	3	1
	—	159	160
	—	156	273
Total equity & liabilities	—	506	647
	132	127	121
CWIP	—	3	3
Investments	—	21	21
	—	354	501
Total assets	—	506	647

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	79	101	2	100	-8	73	65	124
	-79	-66	4	-42	66	-18	-4	-73
	-2	-21	-20	-73	-64	-33	-79	-28
Net cash flow	-2	13	-18	-14	-6	23	-17	23
Free cash flow	14	31	-6	74	-9	6	57	114
CFO / Operating profit %	—	—	—	—	—	—	110.8%	185.7%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 33%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 19%

Stock price CAGR

10 years: —
5 years: 13%
3 years: 1%
1 year: -36%

Return on equity

7 years: —

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025
Margins
Gross margin %	53.4%	31.7%
EBITDA margin %	12.7%	11%
EBIT margin %	9.2%	8.4%
PAT margin %	4.7%	4.2%
Working capital
Receivable days	78	53
Inventory days	163	85
Payable days	222	130
NWC days	20	9
Leverage
Current ratio	1.83	1.4
Debt to EBITDA	2.73	2.39
Debt to equity	0.84	0.75
Interest coverage	2	2.1
Asset turnover	0.91	0.94
Return ratios
Return on assets %	4.3%	4%
Return on capital employed %	15%	17.8%
Return on equity %	11.5%	12.2%

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
	69%	68.98%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.04%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31%	31.02%	31.19%	31.19%	31.19%	31.19%	31.19%	31.19%	31.19%	31.19%	31.19%	31.15%
No. of shareholders	—	—	—	—	—	—	—	—	72,208	71,257	68,506	67,063

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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 Madhav Infra Projects Limited. 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).

Loading documents…

Events

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

1

Board meeting to consider results30 Jul 2026

1

Face value ₹10 → ₹127 Apr 2020 · ex-date

1

Bonus 3:16 Aug 2020 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

2 Oct 2026, 8:24 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 7:41 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

30 Sept 2026, 7:36 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 8:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 7:52 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

8 Sept 2026, 7:45 pmAGM/EGM

Intimation Of The Date Of Annual General Meeting Scheduled To Be Held On Wednesday, September 30, 2026 At 12:30 P.M. (IST).

AGM PDF

8 Sept 2026, 7:34 pmCorp. Action

Intimation Of Book Closure Under Regulation 42 And 44 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, Read With Sections 91, 96, 108 Of The Companies Act, 2013 (The Act) And Rule 20 Of Companies (Management & Administration) Rules, 2014 (The Rules)

Book Closure PDF

8 Sept 2026, 5:35 pmCompany Update

Corrigendum To Outcome Dated 30Th July, 2026 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

Date	Category	Subject	Filing
2 Oct 2026, 8:24 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 7:41 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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15 deals · 11 Jan 2022 – 22 Sept 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Sept 2023	CHANCHAL DEVI LODHA	Bulk	BSE	Buy	14,37,504	₹7.12	₹1.02 Cr
23 Nov 2022	SHITAL SUKHRAJ NAHAR	Bulk	BSE	Buy	16,00,000	₹4.90	₹0.78 Cr
16 Feb 2022	BHARTIA BACHAT LTD	Bulk	BSE	Sell	30,63,005	₹6.11	₹1.87 Cr
16 Feb 2022	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Buy	25,00,000	₹6.10	₹1.53 Cr
16 Feb 2022	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Sell	5,08,072	₹6.10	₹0.31 Cr
10 Feb 2022	BHARTIA BACHAT LTD	Bulk	BSE	Buy	14,93,902	₹7.16	₹1.07 Cr
31 Jan 2022	NILMESH INFRABUILD LLP	Bulk	BSE	Buy	16,26,743	₹7.46	₹1.21 Cr
31 Jan 2022	NILMESH INFRABUILD LLP	Bulk	BSE	Sell	25,087	₹7.70	₹0.02 Cr
25 Jan 2022	SIMPLEX TRADING AND AGENCIES LIMITED	Bulk	BSE	Sell	12,92,000	₹6.91	₹0.89 Cr
21 Jan 2022	SIMPLEX TRADING AND AGENCIES LIMITED	Bulk	BSE	Sell	25,32,165	₹6.12	₹1.55 Cr

1–10 of 15

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Madhav Infra Projects Limited

Madhav Infra Projects Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Bonus issues1

Announcements

Board meetings1

Stock splits1

Bonus issues1

Not in the F&O segment

Announcements

Annual reports

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1

1

1

1

1