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Madhav Infra Projects

MADHAVIPL NSE
₹6.99 up 0.07 (1.01%)
Market Cap
₹188 Cr
P/E
7.21

Madhav Infra Projects (MADHAVIPL) share price was ₹6.92 at the 28 Oct 2026 close; market capitalisation ₹187 Cr; P/E (TTM) 7.13; sector Construction. The share price fell 38.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 1.0% year on year to ₹88.37 Cr and net profit fell 16.4% year on year to ₹6.25 Cr (compared with Jun 2025). Promoters held 68.81% of Madhav Infra Projects in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 53/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹6.92 −4.07 −37.03% 1Y

Key Fundamentals

MicrocapConstructionIndustrials
Market Cap
₹188 Cr
P/E (TTM)
7.21
EBITDA
₹74.60 Cr
Return on Equity
11.3%
Debt to Equity
0.69
Book Value
₹9.26
EPS (TTM)
₹0.97
52W High
₹12.30
52W Low
₹6.51

Price-based figures as of 29 Oct 2026, 10:45 IST · EPS basis: Consolidated · TTM

Peer Comparison

Industrials › Construction › Civil Construction

L&T
₹3,808.3029.335,23,982 Cr4.641.04%14.91%16.35%3,08,675 Cr20,895 Cr
Rail Vikas Nigam
₹184.6742.8538,504 Cr3.920.94%8.87%10.98%21,603 Cr897 Cr
Kalpataru Projects International
₹1,333.3020.0322,769 Cr2.930.84%13.33%20.51%27,612 Cr1,129 Cr
Cemindia Projects
₹1,238.0035.3421,267 Cr6.010.25%24.91%40.04%10,372 Cr602 Cr
IRB Infrastructure Developers
₹16.2020.5119,566 Cr0.910.32%4.06%5.97%7,862 Cr954 Cr
NBCC
₹69.3825.3218,733 Cr6.210.21%23.09%29.73%13,132 Cr766 Cr
Engineers India
₹265.7019.0314,933 Cr4.752.00%21.99%28.08%4,197 Cr784 Cr
Madhav Infra Projects (this company)
₹6.997.21188 Cr0.750.00%11.30%17.15%538 Cr26 Cr
Median 8 companies₹225.1922.9220,417 Cr4.280.58%14.12%18.83%11,752 Cr841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

53 Average
Overall score

Data confidence 100/100

Category scores

Quality Strong 66
Returns, margins, earnings quality 22% weight
Valuation Strong 76
Cheap vs sector & own history 24% weight
Growth Poor 12
Sales & profit trajectory 9% weight
Financial Health Poor 31
Solvency, leverage, coverage 9% weight
Momentum Poor 24
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 0.83 times its book value

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.5% over last 3 years.
  • Contingent liabilities of Rs.301 Cr.

Technical Indicators

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-17.15% lower than 3Y

change over 1 year

Net Income Growth
9.24% lower than 3Y

change over 1 year

Cash Flow Change
-56.93%

change over 1 year

EBITDA Margin Change
23.71%

change over 1 year Operating margin 17.48% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
124
97.57
87.78
151
67.89
86.77
147
308
87.54
107
53.7
254
88.37
Expenses
105
83.44
71.56
142
51.36
74.08
132
286
70.46
90.55
49.01
233
72.92
Operating Profit
18.79
14.13
16.22
9.18
16.53
12.69
15.13
22.43
17.08
16.27
4.69
20.79
15.45
OPM %
15.12%
14.48%
18.48%
6.09%
24.35%
14.62%
10.27%
7.28%
19.51%
15.23%
8.73%
8.18%
17.48%
Other Income
0.66
3
0.79
1.68
0.91
2.18
0.86
2.4
2.99
8.42
1.88
2.37
1.76
Interest
6.36
6.28
6
5.2
5.99
6.45
7.82
7.36
7.72
7.57
6.9
3.15
5.66
Depreciation
3.78
3.78
3.98
4.3
3.31
3.33
4.59
4.07
3.37
3.33
3.33
3.5
3.22
PBT
9.31
7.07
7.03
1.36
8.14
5.09
3.58
13.4
8.98
13.79
-3.66
16.51
8.33
Tax %
17.29%
11.32%
21.62%
-99.26%
17.81%
17.88%
29.89%
14.7%
16.7%
9.72%
16.39%
30.41%
24.85%
Net Profit
7.55
7.96
4.62
2.76
6.8
4.18
2.51
11.43
7.48
12.46
-4.26
11.5
6.25
EPS (₹)
0.31
0.26
0.13
0.1
0.25
0.15
0.1
0.45
0.28
0.47
-0.16
0.43
0.23
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
272
258
399
385
326
204
274
460
513
460
610
502
503
Expenses
241
178
279
280
254
158
239
409
455
402
543
436
446
Operating Profit
31
80
120
106
72
45
35
51
58
58
67
66
57
OPM %
11%
31%
30%
27%
22%
22%
13%
11%
11%
13%
11%
13%
11%
Other Income
3
2
4
14
3
29
3
3
29
6
6
8
14
Interest
10
40
54
59
39
34
32
28
25
24
28
25
23
Depreciation
11
29
55
52
30
24
21
16
13
16
15
14
13
PBT
13
15
14
8
6
16
-15
9
48
25
30
36
35
Tax %
31%
33%
23%
-1%
20%
74%
-20%
29%
24%
10%
18%
24%
—
Net Profit
9
10
11
8
5
3
-13
6
36
23
25
27
26
EPS (₹)
—
0.38
0.42
0.3
0.2
0.15
-0.49
0.24
1.26
0.8
0.92
1.01
0.97
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
6
6
26
26
27
27
27
27
Reserves
49
59
73
68
70
84
53
72
140
162
186
213
Borrowings
150
416
479
521
344
335
303
255
207
153
160
165
Other Liabilities
151
76
126
144
147
70
125
140
200
159
274
201
Total Liabilities
356
557
684
740
568
495
506
492
574
501
647
606
Fixed Assets
69
393
399
385
208
175
185
96
132
127
121
149
CWIP
0
0
3
25
0
0
0
0
7
3
3
0
Investments
98
24
30
31
31
38
32
30
31
21
21
21
Other Assets
189
140
252
300
329
282
290
366
404
349
501
436
Total Assets
356
557
684
740
568
495
506
492
574
501
647
606
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
102
79
101
29
2
100
-8
73
65
75
32
Investing
-31
-277
-79
-66
155
1
-42
66
-18
-4
-25
-31
Financing
35
186
-2
-21
-212
-20
-73
-64
-33
-79
-27
-20
Net Cash Flow
8
11
-2
13
-27
-18
-14
-6
22
-17
23
-19
Free Cash Flow
-32
-251
14
31
236
-6
74
52
35
57
67
32
CFO/OP
28
130
69
100
47
-1
269
2
119
127
127
64
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
9
70
53
65
123
149
113
90
117
78
53
79
Inventory Days
102
17
190
200
218
339
273
222
167
163
85
101
Days Payable
183
94
295
228
204
211
187
202
279
222
130
123
Cash Conversion Cycle
-71
-6
-51
37
138
277
199
109
5
20
9
58
Working Capital Days
-29
-74
-13
-18
51
132
88
108
54
76
20
48
ROCE %
—
15%
13%
11%
9%
12%
4%
10%
13%
13%
16%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Madhav Infra Projects insights

58 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

DIIs0.04%Promot.68.81%Others2.66%Public28.48%As ofSep 2026

Documents

Frequently Asked Questions about Madhav Infra Projects

What does Madhav Infra Projects Ltd do?
Incorporated in 2010, Madhav Infra Projects Ltd is in the business of Infrastructure Development and Solar Power generation[1]
Where is Madhav Infra Projects Ltd (MADHAVIPL) listed?
Madhav Infra Projects Ltd trades as MADHAVIPL on the NSE and under code 539894 on the BSE.
Which sector does Madhav Infra Projects Ltd belong to?
Madhav Infra Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of Madhav Infra Projects Ltd?
Madhav Infra Projects Ltd has a market capitalisation of ₹188.44 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Madhav Infra Projects Ltd?
Madhav Infra Projects Ltd trades at a PE ratio of 7.21 as of 29 Oct 2026, on earnings per share of ₹0.97, against a book value of ₹9.26 per share.
What is the 52-week high and low of Madhav Infra Projects Ltd?
Over the last 52 weeks Madhav Infra Projects Ltd has traded between ₹6.51 and ₹12.3 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Madhav Infra Projects Ltd?
Madhav Infra Projects Ltd reported a return on equity of 11.30%. Its debt-to-equity ratio is 0.69.

Company Information

Incorporated in 2010, Madhav Infra Projects Ltd is in the business of Infrastructure Development and Solar Power generation[1]

Website madhavcorp.com
CEO Mr. Amit Ashok Khurana
Listed 2019-09-04
Face Value ₹ 1
Shares Outstanding 26,95,81,560

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