---
title: "Madhuban Constructions Ltd (780009) — Share Price, Financials & Analysis"
symbol: "780009"
company: "Madhuban Constructions Ltd"
canonical: "https://tapetide.com/stocks/780009"
bse_code: "780009"
generated_at: "2026-10-13T11:00:19.829Z"
---

# Madhuban Constructions Ltd (780009)

Canonical page: https://tapetide.com/stocks/780009

## Company

- **BSE Code:** 780009
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** madhubanconstructions.com; www.madhubancon.com

## About

Madhuban Constructions is engaged in the business of Constructions.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of 0.08% over last 3 years.
- Company has high debtors of 852 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 0% | 0% | -20% |
| revenue growth | — | 79% | -18% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 312.52 | 288.82 | 268.78 | 311.31 | 344.13 | 252.64 | 257.65 | 303.98 | 364.82 | 259.52 | 306.51 | 390.15 |
| Expenses | 292.1 | 270.59 | 248.98 | 286.44 | 322.92 | 238.33 | 236.86 | 281.8 | 334.16 | 234.76 | 285.06 | 365.82 |
| Operating Profit | 20.42 | 18.23 | 19.8 | 24.87 | 21.21 | 14.31 | 20.79 | 22.18 | 30.66 | 24.76 | 21.45 | 24.33 |
| OPM % | 6.53 | 6.31 | 7.37 | 7.99 | 6.16 | 5.66 | 8.07 | 7.3 | 8.4 | 9.54 | 7 | 6.24 |
| Other Income | 1.16 | 0.48 | 1 | 0.59 | 3.1 | 1.21 | 0.42 | 0.32 | 0.27 | -4.58 | 0.47 | 0.42 |
| Interest | 12 | 12.04 | 13.59 | 15.66 | 15.19 | 12.31 | 14.41 | 13.95 | 17.89 | 16.75 | 14.8 | 15.42 |
| Depreciation | 2.32 | 2.41 | 2.44 | 2.45 | 2.44 | 2.39 | 2.37 | 2.33 | 2.26 | 2.34 | 2.32 | 2.24 |
| Profit before tax | 7.26 | 4.26 | 4.77 | 7.35 | 6.68 | 0.82 | 4.43 | 6.22 | 10.78 | 1.09 | 4.8 | 7.09 |
| Tax % | 37.88 | 25.12 | 28.3 | 26.53 | 48.5 | 40.24 | 27.54 | 27.33 | 31.26 | 36.7 | 27.92 | 27.22 |
| Net Profit | 4.52 | 3.2 | 3.41 | 5.4 | 3.44 | 0.49 | 3.22 | 4.52 | 7.41 | 0.69 | 3.47 | 5.16 |
| EPS in Rs | 1.54 | 1.09 | 1.16 | 1.83 | 1.17 | 0.17 | 1.09 | 1.54 | 2.52 | 0.23 | 1.18 | 1.75 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.56 | 1.33 | 1.58 | 1.7 | 1.73 | 0.88 | 0.11 | 0 | 0 | 0.63 |
| Expenses | 0.55 | 1.26 | 1.74 | 1.82 | 1.97 | 1.12 | 0.43 | 0.35 | 0.58 | 0.61 |
| Operating Profit | 0.01 | 0.07 | -0.16 | -0.12 | -0.24 | -0.24 | -0.32 | -0.35 | -0.58 | 0.02 |
| OPM % | 1.79 | 5.26 | -10.13 | -7.06 | -13.87 | -27.27 | -290.91 | 5.41 | 1.69 | 3.17 |
| Other Income | 0 | 0 | 0.27 | 0.22 | 0.3 | 0.29 | 0.34 | 0.37 | 0.59 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.03 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 |
| Profit before tax | 0.01 | 0.04 | 0.07 | 0.07 | 0.04 | 0.04 | 0.01 | 0.02 | 0.01 | 0.02 |
| Tax % | 0 | 50 | 14.29 | 42.86 | 50 | 25 | 0 | 0 | 0 | 0 |
| Net Profit | 0.01 | 0.03 | 0.04 | 0.05 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
| EPS in Rs | — | — | 0.03 | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2.81 | 12.06 | 12.06 | 12.06 | 12.06 | 12.06 | 12.06 | 12.06 | 12.06 | 12.06 |
| Reserves | 0.01 | 0.04 | 0.08 | 0.13 | 0.16 | 0.19 | 0.2 | 0.21 | 0.22 | 0.23 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.12 | 0.19 | 0.8 | 2.03 | 7.16 | 9.34 | 9.05 | 9.26 | 8.66 | 7.24 |
| Total Liabilities | 2.94 | 12.29 | 12.94 | 14.22 | 19.38 | 21.59 | 21.31 | 21.53 | 20.94 | 19.53 |
| Fixed Assets | 0.01 | 0.12 | 0.08 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.74 | 0.74 | 0.74 | 0.74 | 4.45 | 6.11 | 6.11 | 6.11 | 2.61 | 2.61 |
| Other Assets | 2.19 | 11.43 | 12.12 | 13.42 | 14.89 | 15.45 | 15.18 | 15.4 | 18.31 | 16.9 |
| Total Assets | 2.94 | 12.29 | 12.94 | 14.22 | 19.38 | 21.59 | 21.31 | 21.53 | 20.94 | 19.53 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.13 | -0.32 | -0.11 | 0.27 | 0.54 | 1.84 | 0.09 | 1 | 0.03 | -0.81 |
| Cash from Investing Activity | 0.18 | -8.7 | -0.11 | -0.25 | -4.49 | -2.52 | -0.2 | -0.85 | 0.49 | 1.23 |
| Cash from Financing Activity | 0 | 9.27 | 0.01 | 0.03 | 3.83 | 1.26 | -0.48 | 0.22 | -0.72 | -0.48 |
| Net Cash Flow | 0.05 | 0.25 | -0.21 | 0.05 | -0.12 | 0.58 | -0.59 | 0.37 | -0.2 | -0.06 |
| Free Cash Flow | -0.13 | -0.46 | -0.12 | 0.27 | 0.54 | 1.84 | 0.09 | 1 | 0.03 | -0.81 |
| CFO/OP | -1300 | -457 | 56 | -250 | -238 | -771 | -28 | -286 | -5 | -4050 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 202.05 | 203.08 | 353.45 | 545.35 | 706.79 | 1020.34 | 8527.73 | — | — | 851.67 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Cash Conversion Cycle | 202.05 | 203.08 | 353.45 | 545.35 | 706.79 | 1020.34 | 8527.73 | — | — | 851.67 |
| Working Capital Days | 990.71 | 1383.16 | 1312.15 | 1193.76 | 1297.54 | 3712.22 | 32485 | — | — | 7404.29 |
| ROCE % | 0.36 | 0.54 | 0.58 | 0.58 | 0.33 | 0.33 | 0.08 | 0.16 | 0.08 | 0.16 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% |
| DIIs | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% |
| Public | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% |
| No. of Shareholders | 244 | 247 | 242 | 239 | 239 | 239 | 239 |

### Quarterly

| Category | Mar 2018 | Sep 2018 | Mar 2019 | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% | 31.08% |
| DIIs | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% | 4.14% |
| Public | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% | 64.77% |
| No. of Shareholders | 247 | 245 | 242 | 242 | 239 | 239 | 239 | 239 | 239 | 239 | 239 | 239 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-05 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3363B5A0_A56F_4EB0_B23B_A2D599680F62_154803.pdf) |
| 2026-03-05 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7483618F_3B7B_43F3_9844_97BBF8C7ADA2_161134.pdf) |
| 2026-02-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/619C94E2_F166_4D84_8277_369CAA3C2B1C_111911.pdf) |
| 2026-02-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/CF934ECE_DBBE_436A_924F_AB3EEB5D502F_111626.pdf) |
| 2026-02-24 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/E6EE5DBA_F1CD_4B96_9732_2FC26FC537F6_172315.pdf) |
| 2026-02-24 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7B6F67DA_B615_40C9_BDFA_90F127F0EF20_174043.pdf) |
| 2026-02-14 | [Financial Results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/17eef58d-5572-4c31-a754-37d012dfa0ff.pdf) |
| 2026-02-14 | [Board Meeting Outcome for Outcome Anf Financial Results](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7202a60a-1fe4-4c26-8ba3-895fc149c410.pdf) |
| 2026-02-05 | [Board Meeting Intimation for Notice Of The (BM/08/2025-26) Board Meeting For Consideration And Approval Of The Standalone Un-Audited Financial Results For The Quarter And Nine Months Ended 31St December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7666ec70-6391-459d-8b27-c7641f8bf369.pdf) |
| 2026-01-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d512ce9-b4ae-4687-8528-643db47294ca.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de63c91c-5981-4520-94ce-fe2039f675e3.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27cbf96a-210e-4c57-977e-3ecfd8e6aeb4.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1a5a7af-88e3-4d40-ac92-2dcbe4610b1d.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/512131/76583512131.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/780009/72447780009.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/512131/71621512131_01_10_21.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/780009/68453780009.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/512131/65752512131.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/780009/7800090319.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/512131/5121310319.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/977a6ceb-6404-4a95-b272-a0fedb732ff1.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b25e8fa-ae70-48df-8cf4-a7e7af65a437.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-24 | Credit rating update — CRISIL |
| 2025-08-28 | Credit rating update — CRISIL |
| 2025-05-29 | Credit rating update — Infomerics |
| 2024-06-29 | Credit rating update — CRISIL |
| 2024-05-20 | Credit rating update — Infomerics |
| 2023-07-26 | Credit rating update — Brickwork Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:19.829Z.