MADHAVIPL

Madhav Infra Projects Ltd.

BSE: 539894

Sector: Construction

Industry Group: Construction

Industry: Civil Construction

8.37+0.0 (+0.00%)

10 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

32.9 / 100

Value Score

98.9 / 100

Price Momentum Score

12.0 / 100

QVM Score

42.1 / 100

Key Metrics

Market Cap

225.64

P/E (TTM)

8.23

P/B

0.94

P/S (TTM)

0.45

EV/EBITDA

2.73

CAPE (5Y)

9.73

ROE (TTM)

12.12

ROCE (TTM)

16.68

ROA (TTM)

4.38

Avg 3Y ROE

12.41

Earnings 3Y CAGR

-6.96

Sales 3Y CAGR

-0.69

Sales 5Y CAGR

12.89

Debt/Equity

0.69

Consensus TP

Strong Buy %

Promoter Holding

68.81

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Madhav Infra Projects Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is cheap and PE TTM is at a discount to industry median

PE TTM of 8.23 indicates that the stock is cheap on a standalone basis. Discount to industry median P/E is decent at -53.95%

What is P/E Ratio?

Median: 17.87

Value 8.23

-918.15801.69

Moderate operating margin but improving trend

The company reported moderate operating margin of 12.96% for 12-month ended 31 Mar 2026 but operating margin improved by 185 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.69 as on 31 Mar 2026 and Debt to Equity decreased marginally by 0.06 in the last 1 year

What is Debt to Equity?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Weak price momentum

Price Momentum score of 12.0 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

12.0 / 100

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -17.72% for 12-month ended 31 Mar 2026 and the growth was 29.24 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 11.52

Value -17.72

-89.968931.27

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Moderate and stable ROE

The company reported moderate ROE of 12.12% for 12-month ended 31 Mar 2026 and ROE declined marginally by -76 bps from 1 year ago

What is ROE (FY)?

Low EPS growth but above median growth of industry

The company delivered low EPS growth of 6.25% for 12-month ended 31 Mar 2026 but the growth was 6.87 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Company's earnings are of moderate quality

Earnings quality score of 39.4 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

39.4 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Madhav Infra Projects Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Madhav Infra Projects Ltd. Shareholding Pattern

Quarterly breakdown of Madhav Infra Projects Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	72.65	72.65	72.65	72.65	72.65	72.65	72.65	72.65	72.60	69.00	69.00	69.00	69.00	69.00	69.00	68.98	68.81	68.81	68.81	68.81	68.81	68.81	68.81	68.81	68.81
Indian Promoter	72.65	72.65	72.65	72.65	72.65	72.65	72.65	72.65	72.60	69.00	69.00	69.00	69.00	69.00	69.00	68.98	68.81	68.81	68.81	68.81	68.81	68.81	68.81	68.81	68.81
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mutual Funds / UTI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	27.35	27.35	27.35	27.35	27.35	27.35	27.35	27.35	27.40	31.00	31.00	31.00	31.00	31.00	31.00	31.02	31.19	31.19	31.19	31.19	31.19	31.19	31.19	31.18	31.19
Bodies Corporate	17.39	24.12	23.56	23.26	23.13	21.46	19.40	16.83	5.15	6.60	6.69	6.56	6.54	5.60	3.21	2.45	2.19	1.82	0.97	0.98	0.97	0.81	0.74	0.71	0.57
Others (incl. Retail) No. of shareholders	9.96 570	3.23 661	3.79 2,080	4.09 2,257	4.22 2,706	5.89 3,859	7.95 5,662	10.52 9,444	22.25 24,485	24.40 23,406	24.31 22,861	24.44 24,118	24.46 23,197	25.40 24,493	27.79 30,579	28.57 40,113	29.00 51,112	29.37 51,612	30.22 78,618	30.21 78,702	30.22 76,781	30.38 73,914	30.45 72,139	30.47 71,176	30.62 68,446

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Madhav Infra Projects Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Madhav Power Private Limited Promoter Group	March-2025	Market Purchase (Acquisition) 27th Mar 2025	0.04 %	₹ 11.40	20.00 k	₹ 2.28 lac
Madhav Power Private Limited Promoter Group	March-2025	Market Purchase (Acquisition) 25th Mar 2025	0.02 %	₹ 12.09	50.00 k	₹ 6.04 lac
Madhav Power Private Limited Promoter Group	March-2025	Market Purchase (Acquisition) 24th Mar 2025	0.01 %	₹ 12.10	30.00 k	₹ 3.63 lac
Ashok Madhavdas Khurana Promoter Group	March-2024	Market Sale (Disposal) 7th Mar 2024	28.14 %	₹ 12.26	1.63 lac	₹ 19.93 lac
Ashok Madhavdas Khurana Promoter Group	February-2024	Market Sale (Disposal) 21st Feb 2024	28.20 %	₹ 11.95	1.50 lac	₹ 17.93 lac
Ashok Madhavdas Khurana Promoter Group	February-2024	Market Sale (Disposal) 16th Feb 2024	28.24 %	₹ 11.99	1.00 lac	₹ 11.99 lac
Manju Ashok Khurana Promoter	January-2024	Market Sale (Disposal) 12th Jan 2024	4.87 %	₹ 11.82	20.00 k	₹ 2.36 lac
Manju Ashok Khurana Promoter	January-2024	Market Sale (Disposal) 12th Jan 2024	4.90 %	₹ 12.93	67.30 k	₹ 8.70 lac

Corporate Actions

History of Madhav Infra Projects Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Bonus3 new shares for 1 existing shares
Ex-date: 6th Aug 2020Announced on: 31st Jan 2020
Stock Split1 : 10
Ex-date: 27th Apr 2020Announced on: 31st Jan 2020
Nominal value change from INR 10.00 to INR 01.00

Company Profile

Overview of Madhav Infra Projects Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Madhav Infra Projects Limited is an India-based engineering, procurement, and construction (EPC) contractor and developer. The Company is engaged in the development, construction, as well as operation and maintenance of infrastructure projects. The Company also engaged in the business of power gener...

Key personnel

Ms. Hirai Vinodbhai Patel

Additional Non-Executive Independent Director

Shri. Rajendra Rana

Chief Financial Officer

Shri. Ashok M. KhuranaD

Non-Executive Chairman of the Board

Shri. Amit Ashok KhuranaD

Managing Director, Executive Director

Mrs. Neelakshi KhuranaD

Additional Non-Executive Non- Independent Director

Mr. Shankar Prasad BhagatD

Additional Non-Executive Independent Director

Mr. Nikhil KaushikD

Non-Executive Independent Director

Ms. Hirai Vinodbhai PatelD

Additional Non-Executive Independent Director

View all

Incorporated on

07 Oct 1992

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

24 May 2016

Free Float

8,39,39,381

Website

https://madhavcorp.com/

Phone no.

+912652290722

Address

MADHAV HOUSE, PLOT NO. 04 NR. PANCHRATNA BUILDING, SUBHANPURA, , 390023, India

Frequently Asked Questions

What is the current share price of Madhav Infra Projects Ltd.?

The current share price of Madhav Infra Projects Ltd. is ₹ 8.37 as of 10 Jul 2026.

What is the market capitalisation of Madhav Infra Projects Ltd.?

The market capitalisation of Madhav Infra Projects Ltd. stands at ₹ 225.64 Cr.

What is the PE ratio of Madhav Infra Projects Ltd.?

The Price-to-Earnings (PE) ratio of Madhav Infra Projects Ltd. is 8.23 as of the latest trailing twelve months data.

What is the ROE and ROCE of Madhav Infra Projects Ltd.?

Madhav Infra Projects Ltd. has a Return on Equity (ROE) of 12.12% and a Return on Capital Employed (ROCE) of 16.68% as per the latest financial reports.

What is the 52-week high and low of Madhav Infra Projects Ltd.?

The 52-week high of Madhav Infra Projects Ltd. is - and the 52-week low is -.

What is the dividend yield of Madhav Infra Projects Ltd.?

The dividend yield of Madhav Infra Projects Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Madhav Infra Projects Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 30.62% of Madhav Infra Projects Ltd. shares.

What sector does Madhav Infra Projects Ltd. belong to?

Madhav Infra Projects Ltd. operates in the Construction sector.

What is the beta of Madhav Infra Projects Ltd.?

The beta of Madhav Infra Projects Ltd. is 0.99, indicating its price volatility relative to the broader market. Over the past 1 year, Madhav Infra Projects Ltd. has delivered an absolute return of -43.86%.

What is the RSI of Madhav Infra Projects Ltd.?

The 14-day Relative Strength Index (RSI) of Madhav Infra Projects Ltd. is 42.29, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Madhav Infra Projects Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Madhav Infra Projects Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Corporate Actions