Madhucon Projects
MADHUCON NSE
Madhucon Projects
ConstructionNSE: MADHUCON BSE: 531497 Civil Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹33.36 Cr
Volatility
Moderate
P/E Ratio
-0.1
EBITDA
₹-147 Cr
Return on Equity
26.09%
Debt to Equity
0
Book Value
₹-254.61
52W High
₹8.55
52W Low
₹3.61
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -9.51% over past five years.
- Earnings include an other income of Rs.159 Cr.
Growth Rate
Revenue Growth
-45.43% lower than
3Y
Net Income Growth
-10% lower than
3Y
Cash Flow Change
133% lower than
3Y
ROE
753% higher than
3Y
ROCE
—
EBITDA Margin (Avg.)
-478%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 211 | 257 | 276 | 421 | 236 | 190 | 111 | 139 | 157 | 129 | 139 | 126 | 50 |
| Expenses | 238 | 309 | 273 | 642 | 255 | 392 | 137 | 175 | 194 | 180 | 169 | 156 | 39 |
| Operating Profit | -28 | -52 | 3 | -221 | -18 | -202 | -26 | -36 | -36 | -51 | -30 | -30 | 11 |
| OPM % | -13% | -20% | 1% | -53% | -8% | -106% | -23% | -26% | -23% | -39% | -21% | -24% | 21% |
| Other Income | 20 | 44 | 1 | 237 | 26 | 205 | 67 | 37 | 47 | 54 | 51 | 48 | 6 |
| Interest | 3 | 3 | 8 | 27 | 4 | 3 | 5 | 27 | 6 | 6 | 6 | -18 | 0 |
| Depreciation | 10 | 9 | 12 | 2 | 10 | 12 | 484 | 26 | 131 | 131 | 131 | 131 | 1 |
| PBT | -21 | -20 | -17 | -13 | -7 | -12 | -447 | -52 | -127 | -133 | -116 | -95 | 16 |
| Tax % | -4% | -5% | -13% | -46% | 57% | -55% | 0% | 18% | 0% | -2% | 0% | 1% | -11% |
| Net Profit | -20 | -19 | -14 | -7 | -10 | -5 | -446 | -61 | -127 | -131 | -116 | -96 | 17 |
| EPS in Rs | -2.65 | -2.42 | -1.69 | 0.65 | -1.3 | -0.61 | -57.22 | -5.27 | -15.97 | -16.36 | -14.45 | -13.46 | 2.23 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,038 | 2,599 | 1,576 | 1,035 | 942 | 734 | 909 | 948 | 1,162 | 1,164 | 677 | 552 | 444 |
| Expenses | 1,383 | 1,654 | 1,212 | 1,010 | 885 | 687 | 945 | 1,012 | 1,415 | 1,463 | 959 | 699 | 544 |
| Operating Profit | 655 | 945 | 365 | 26 | 57 | 47 | -36 | -63 | -253 | -299 | -282 | -147 | -100 |
| OPM % | 32% | 36% | 23% | 2.5% | 6% | 6% | -4% | -7% | -22% | -26% | -42% | -27% | -22% |
| Other Income | 147 | 101 | 25 | 48 | 41 | -924 | 135 | 127 | 902 | 301 | 335 | 200 | 159 |
| Interest | 515 | 748 | 751 | 835 | 279 | 150 | 246 | 31 | 47 | 41 | 39 | 1 | -5 |
| Depreciation | 198 | 222 | 269 | 249 | 224 | 72 | 129 | 141 | 799 | 32 | 531 | 523 | 393 |
| PBT | 88 | 76 | -630 | -1,010 | -405 | -1,099 | -276 | -108 | -197 | -71 | -518 | -471 | -328 |
| Tax % | 94% | 68% | 2% | -4% | -6% | 1% | -5% | 17% | -10% | -14% | 1% | 0% | — |
| Net Profit | 6 | 25 | -644 | -966 | -381 | -1,115 | -262 | -127 | -177 | -61 | -523 | -470 | -325 |
| EPS in Rs | -0.48 | 2.78 | -98.22 | -117 | -46.6 | -144 | -31.63 | -14.41 | -19.47 | -6.11 | -64.39 | -60.24 | -42.04 |
| Div. Payout % | -42% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | -322 | -296 | -829 | -1,775 | -2,130 | -2,438 | -1,892 | -2,095 | -1,927 | -1,510 | -1,475 | -1,886 |
| Borrowings | 6,453 | 6,729 | 6,748 | 6,994 | 7,070 | 4,446 | 4,241 | 4,178 | 4,011 | 3,913 | 3,554 | 3,657 |
| Other Liabilities | 2,067 | 2,013 | 2,303 | 2,665 | 2,758 | 2,951 | 2,978 | 3,413 | 2,019 | 1,802 | 1,526 | 1,357 |
| Total Liabilities | 8,205 | 8,454 | 8,229 | 7,892 | 7,705 | 4,966 | 5,335 | 5,503 | 4,110 | 4,213 | 3,612 | 3,135 |
| Fixed Assets | 5,575 | 5,289 | 4,791 | 4,552 | 4,336 | 1,236 | 749 | 677 | 53 | 169 | 124 | 83 |
| CWIP | 1,623 | 151 | 150 | 150 | 151 | 151 | 613 | 550 | 232 | 87 | 87 | 87 |
| Investments | 13 | 2 | 1 | 1 | 3 | 971 | 754 | 754 | 1 | 1 | 1 | 1 |
| Other Assets | 994 | 3,013 | 3,287 | 3,189 | 3,215 | 2,608 | 3,218 | 3,522 | 3,825 | 3,956 | 3,400 | 2,964 |
| Total Assets | 8,205 | 8,454 | 8,229 | 7,892 | 7,705 | 4,966 | 5,335 | 5,503 | 4,110 | 4,213 | 3,612 | 3,135 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1,509 | -301 | 683 | 571 | 190 | -587 | -405 | 232 | -241 | -256 | 85 | 204 |
| Investing | -1,366 | 466 | 107 | -2 | 3 | 2,843 | 839 | -158 | 949 | 467 | 51 | -445 |
| Financing | -175 | -162 | -859 | -588 | -204 | -2,209 | -451 | -43 | -720 | -261 | -109 | 258 |
| Net Cash Flow | -32 | 2 | -68 | -20 | -11 | 47 | -16 | 30 | -13 | -49 | 27 | 18 |
| Free Cash Flow | 135 | 147 | 774 | 563 | 182 | 2,349 | -581 | 226 | -98 | -259 | -402 | -277 |
| CFO/OP | 240 | -25 | 203 | 2,237 | 390 | -1,252 | 1,272 | -215 | 96 | 86 | -30 | -139 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 57 | 49 | 11 | 14 | 58 | 2 | 6 | 2 | 11 | 3 | 4 |
| Inventory Days | 54 | 28 | 22 | 54 | 31 | 17 | 6 | 3 | 1 | 1 | 1 | 2 |
| Days Payable | 122 | 200 | 190 | 308 | 320 | 280 | 258 | 293 | 162 | 142 | 77 | 169 |
| Cash Conversion Cycle | -43 | -116 | -119 | -243 | -276 | -204 | -250 | -284 | -159 | -130 | -73 | -163 |
| Working Capital Days | -379 | -340 | -726 | -1,497 | -1,757 | -1,882 | -941 | -1,090 | -666 | -625 | -1,011 | -1,447 |
| ROCE % | 8% | 13% | 2% | -3% | -2% | 1% | -1% | -4% | -8% | -2% | -28% | -34% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Madhucon Projects insights
62 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Board Meeting Intimation for In Pursuant To Regulation 29(1) Of SEBI (LODR) Regulations 2015
7 May - Board meets on 25 May 2026 to consider audited standalone and consolidated FY26 results. 7 May - Board meets on 25 May 2026 to consider audited standalone and consolidated FY26 results.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Madhucon Projects says it is not a Large Corporate; outstanding borrowings were NIL as of 31 March 2026. 29 Apr - Madhucon Projects says it is not a Large Corporate; outstanding borrowings were NIL as of 31 March 2026.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Madhucon Projects says it is not a Large Corporate; outstanding borrowings were NIL as of 31 March 2026. 29 Apr - Madhucon Projects says it is not a Large Corporate; outstanding borrowings were NIL as of 31 March 2026.
4
Compliances-Reg.24(A)-Annual Secretarial Compliance
24 Apr - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026; no non-compliances observed. 24 Apr - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026; no non-compliances observed.
5
Compliances-Reg.24(A)-Annual Secretarial Compliance
15h - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026; no non-compliances observed. 15h - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026; no non-compliances observed.
Frequently Asked Questions about Madhucon Projects
What does Madhucon Projects Ltd do?
Incorporated in 1983, Madhucon Projects Ltd
is an integrated construction, Infrastructure development and management company.[1]
Where is Madhucon Projects Ltd (MADHUCON) listed?
Madhucon Projects Ltd trades as MADHUCON on the NSE and under code 531497 on the BSE.
Which sector does Madhucon Projects Ltd belong to?
Madhucon Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of Madhucon Projects Ltd?
Madhucon Projects Ltd has a market capitalisation of ₹33.36 Cr, which places it in the Small Cap band.
What is the PE ratio of Madhucon Projects Ltd?
Madhucon Projects Ltd trades at a PE ratio of -0.10, against a book value of ₹-254.61 per share.
What is the 52-week high and low of Madhucon Projects Ltd?
Over the last 52 weeks Madhucon Projects Ltd has traded between ₹3.61 and ₹8.55.
What is the Return on Equity (ROE) of Madhucon Projects Ltd?
Madhucon Projects Ltd reported a return on equity of 26.09%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1983, Madhucon Projects Ltd is an integrated construction, Infrastructure development and management company.[1]
Website madhucon.com
CEO Mr. Mohammad Shafi
Listed 2002-05-10
Face Value ₹ 1
Issued Size 7,37,94,940
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