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Madhav Infra Projects Limited MADHAVIPL NSEINFRA

Industrials · Engineering & Construction · India
https://madhavcorp.com
Company Profile ↓
₹7.02
-21.12% 1Y
Mkt Cap₹189.25 Cr
P/E7.31
P/B0.81
52W High₹9.60
52W Low₹7.02
Book Value₹8.90
EPS (TTM)₹0.96

Company Overview

Madhav Infra Projects Limited engages in the development, construction, operation, and maintenance of infrastructure projects in India. The company is involved in development, construction, and maintenance of highways, bridges, and roads; and generating power and trading, purchasing, marketing, selling, importing, exporting, producing, manufacturing, transmitting, commissioning, distributing, supplying, exchanging or otherwise dealing in aspects of thermal, hydro, nuclear, solar, solar rooftop, and wind power, as well as rail logistics infrastructure projects. It also engages in installation, maintenance of solar power plant, roof tops and equipment system related to solar; provision of services for maintenance, renovation and modernization of equipment required for solar power and renewable energy; and oil and gas exploration, production and participation, seismic data service onshore/offshore, managerial and technical support services, technical surveys, data analysis, data processing services, and staffing and technical equipment renting or leasing for a seismic survey in oil and gas companies. The company was incorporated in 1992 and is based in Vadodara, India.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 10.5% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 7.3, below the sector median of 25.9.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹502.00 Cr (-17.7% YoY); net profit ₹27.00 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +0.9%, earnings -17.9%.
  • 5-Year Trend Long-term compounding — revenue CAGR 5.7%, profit CAGR 10.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:5.73%
1 Year:0.90%

Compounded Profit Growth

5 Years:10.50%
1 Year:-17.90%

Stock Price Performance

1 Year:-21.12%
6 Months:-23.28%
3 Months:-11.03%
1 Month:-9.30%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot
52-Week Range 0% of range
₹7.02 ₹9.60
Trend Signals
  • Price vs 50-DMABelow
  • RSI (14)33.24 · Neutral
Price Performance
1M-9.30%
3M-11.03%
6M-23.28%
1Y-21.12%
Valuation vs Sector

P/E of 7.31 is below the sector median of 25.87 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Profit CAGR of 10.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 26.9% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
7.31
Industry PE
25.87
Forward P/E est.
8.90
PEG Ratio
-
Book Value
₹8.90
Price to Book
0.81
P/S
0.38
EV/EBITDA
4.19
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
5.73%
Profit 5Y
10.50%
Revenue (YoY)
0.90%
Earnings (YoY)
-17.90%

Profitability & Returns

ROCE
-
ROE
11.25%
ROA
4.46%
Profit Margin
5.21%
Op Margin
14.01%
Gross Margin
18.62%
EPS (Latest Qtr)
₹0.43
EPS (TTM)
₹0.96

Balance Sheet & Liquidity

Debt/Equity
0.69
Quick Ratio
-
Current Ratio
-
Debt
₹165.24 Cr
Total Assets
₹606.00 Cr
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
68.86%
Chg in Prom Hold
0.05%
FII / Inst Holding
0.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹189.25 Cr
Total Revenue (TTM)
₹502.95 Cr
EBITDA
₹65.94 Cr
Free Cash Flow
₹32.00 Cr
Operating Cash Flow
₹32.00 Cr
Shares Outstanding
₹26.96 Cr
Gross Margin
18.62%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MADHAVIPL Madhav Infra Projects Limited NSEINFRA 7.02 7.31 ₹189.25 Cr 0.00% - 11.25% 5.73% 10.50%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,636.00 30.16 ₹5.00 L Cr 1.05% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,748.80 29.85 ₹4.03 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,854.40 34.83 ₹3.25 L Cr 0.97% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 371.20 44.19 ₹2.71 L Cr 0.66% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,641.50 -37.32 ₹1.79 L Cr 0.00% 4.02% -34.31% 15.55% -227.40%
7 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 410.20 58.68 ₹1.43 L Cr 0.31% 6.60% 6.12% 13.49% 35.91%
8 ABB ABB India Limited NSEAIINFRA 6,559.50 89.35 ₹1.39 L Cr 0.44% 28.45% 19.13% 15.41% 17.97%
9 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 821.00 103.53 ₹1.29 L Cr 0.15% 19.35% 15.13% 21.22% 7.81%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 204.00 Cr124.00 Cr98.00 Cr88.00 Cr151.00 Cr68.00 Cr87.00 Cr147.00 Cr308.00 Cr88.00 Cr107.00 Cr54.00 Cr254.00 Cr
Operating Expenses 181.00 Cr105.00 Cr83.00 Cr72.00 Cr142.00 Cr51.00 Cr74.00 Cr132.00 Cr286.00 Cr70.00 Cr91.00 Cr49.00 Cr233.00 Cr
Operating Income 20.00 Cr15.00 Cr10.00 Cr12.00 Cr5.00 Cr14.00 Cr10.00 Cr10.00 Cr18.00 Cr14.00 Cr13.00 Cr2.00 Cr17.00 Cr
EBITDA 24.00 Cr19.00 Cr14.00 Cr16.00 Cr9.00 Cr17.00 Cr13.00 Cr15.00 Cr22.00 Cr17.00 Cr16.00 Cr5.00 Cr21.00 Cr
Interest Expense 7.00 Cr6.00 Cr6.00 Cr6.00 Cr5.00 Cr6.00 Cr6.00 Cr8.00 Cr7.00 Cr8.00 Cr8.00 Cr7.00 Cr3.00 Cr
Pretax Income 13.00 Cr9.00 Cr7.00 Cr7.00 Cr1.00 Cr8.00 Cr5.00 Cr4.00 Cr13.00 Cr9.00 Cr14.00 Cr-4.00 Cr17.00 Cr
Tax Provision 5.85 Cr1.53 Cr77.00 L1.54 Cr-99.00 L1.44 Cr90.00 L1.20 Cr1.95 Cr1.53 Cr1.40 Cr-64.00 L5.10 Cr
Net Income 6.00 Cr8.00 Cr8.00 Cr5.00 Cr3.00 Cr7.00 Cr4.00 Cr3.00 Cr11.00 Cr7.00 Cr12.00 Cr-4.00 Cr12.00 Cr
Diluted EPS 0.190.310.260.130.100.250.150.100.450.280.47-0.160.43

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 272.00 Cr258.00 Cr399.00 Cr385.00 Cr326.00 Cr204.00 Cr274.00 Cr460.00 Cr513.00 Cr457.00 Cr610.00 Cr502.00 Cr
Operating Expenses 241.00 Cr178.00 Cr279.00 Cr280.00 Cr254.00 Cr158.00 Cr239.00 Cr409.00 Cr455.00 Cr399.00 Cr543.00 Cr436.00 Cr
Operating Income 20.00 Cr51.00 Cr65.00 Cr54.00 Cr42.00 Cr21.00 Cr14.00 Cr35.00 Cr45.00 Cr42.00 Cr52.00 Cr52.00 Cr
EBITDA 31.00 Cr80.00 Cr120.00 Cr106.00 Cr72.00 Cr45.00 Cr35.00 Cr51.00 Cr58.00 Cr58.00 Cr67.00 Cr66.00 Cr
Interest Expense 10.00 Cr40.00 Cr54.00 Cr59.00 Cr39.00 Cr34.00 Cr32.00 Cr28.00 Cr25.00 Cr24.00 Cr28.00 Cr25.00 Cr
Pretax Income 13.00 Cr15.00 Cr14.00 Cr8.00 Cr6.00 Cr16.00 Cr-15.00 Cr9.00 Cr48.00 Cr25.00 Cr30.00 Cr36.00 Cr
Tax Provision 4.03 Cr4.95 Cr3.22 Cr-8.00 L1.20 Cr11.84 Cr3.00 Cr2.61 Cr11.52 Cr2.50 Cr5.40 Cr8.64 Cr
Net Income 9.00 Cr10.00 Cr11.00 Cr8.00 Cr5.00 Cr3.00 Cr-13.00 Cr6.00 Cr36.00 Cr23.00 Cr25.00 Cr27.00 Cr
Diluted EPS -0.380.420.300.200.15-0.490.241.260.800.961.02

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 356.00 Cr557.00 Cr684.00 Cr740.00 Cr568.00 Cr495.00 Cr506.00 Cr492.00 Cr574.00 Cr506.00 Cr647.00 Cr606.00 Cr
Total Equity 55.00 Cr65.00 Cr79.00 Cr74.00 Cr76.00 Cr90.00 Cr79.00 Cr98.00 Cr167.00 Cr189.00 Cr213.00 Cr240.00 Cr
Total Debt 150.00 Cr416.00 Cr479.00 Cr521.00 Cr344.00 Cr335.00 Cr303.00 Cr255.00 Cr207.00 Cr159.00 Cr160.00 Cr165.00 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 4.00 Cr102.00 Cr79.00 Cr101.00 Cr29.00 Cr2.00 Cr100.00 Cr-8.00 Cr73.00 Cr65.00 Cr124.00 Cr32.00 Cr
Investing Cash Flow -31.00 Cr-277.00 Cr-79.00 Cr-66.00 Cr155.00 Cr1.00 Cr-42.00 Cr66.00 Cr-18.00 Cr-4.00 Cr-73.00 Cr-31.00 Cr
Financing Cash Flow 35.00 Cr186.00 Cr-2.00 Cr-21.00 Cr-212.00 Cr-20.00 Cr-73.00 Cr-64.00 Cr-33.00 Cr-79.00 Cr-28.00 Cr-20.00 Cr
Capital Expenditure -36.00 Cr-353.00 Cr-65.00 Cr-70.00 Cr207.00 Cr-8.00 Cr-26.00 Cr60.00 Cr-38.00 Cr-8.00 Cr-8.00 Cr0
Free Cash Flow -32.00 Cr-251.00 Cr14.00 Cr31.00 Cr236.00 Cr-6.00 Cr74.00 Cr52.00 Cr35.00 Cr57.00 Cr116.00 Cr32.00 Cr
Net Change in Cash 8.00 Cr11.00 Cr-2.00 Cr13.00 Cr-27.00 Cr-18.00 Cr-14.00 Cr-6.00 Cr22.00 Cr-17.00 Cr23.00 Cr-19.00 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % ------------
Operating Margin % 7.4%19.8%16.3%14.0%12.9%10.3%5.1%7.6%8.8%9.2%8.5%10.4%
Net Margin % 3.3%3.9%2.8%2.1%1.5%1.5%-4.7%1.3%7.0%5.0%4.1%5.4%
ROE % 16.4%15.4%13.9%10.8%6.6%3.3%-16.5%6.1%21.6%12.2%11.7%11.2%
ROCE % ------------

Shareholding Pattern

Insiders
68.86%
Institutions
0.00%
Public Float
0.00%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for MADHAVIPL

Google News hu, 23 Apr 2026

Madhav Infra Signs 73 MW PPAs; Shares Largely Steady - HDFC Sky

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Google News Sun, 04 Oct 2026

MADHAVIPL Q2 2026 Earnings: Revenue Slips 17.7% YoY, Yet EPS Stays Positive at ₹1.01 - ROE Trend Analysis - siam.in

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Google News Sat, 03 Jan 2026

Madhav Infra Projects Ltd. Share Price Today - Madhav Infra Projects Ltd. Stock Price Live NSE/BSE - CNBC TV18

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Google News ue, 11 Aug 2026

Madhav Infra Projects Jun 2026 Earnings: EPS at ₹0.17 on Revenue of ₹57.35 Crore; Stock Slips 3.48% - siam.in

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MADHAVIPL — Frequently Asked Questions

What is the current share price of Madhav Infra Projects Limited (MADHAVIPL)?

As of 2026-10-23 04:58 IST, Madhav Infra Projects Limited (MADHAVIPL) trades at ₹7.02 on NSE. Its 52-week range is ₹7.02 to ₹9.60.

What is the market capitalisation of MADHAVIPL?

Madhav Infra Projects Limited (MADHAVIPL) has a market capitalisation of ₹189.25 Cr on NSE.

What is the P/E ratio of MADHAVIPL?

MADHAVIPL trades at a trailing price-to-earnings (P/E) ratio of 7.31. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 0.81.

What is the return on equity (ROE) of MADHAVIPL?

MADHAVIPL has a return on equity (ROE) of 11.25%.

Is MADHAVIPL a good stock to buy?

This page provides a data-driven analysis of Madhav Infra Projects Limited (MADHAVIPL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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