| Quarterly Financials | Jun 2016 | Sept 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sept 2018 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 34 | 114 | 187 | 177 | 121 | 63 | 63 | 60 | 43 | 66 | 27 | 42 | 67 | 142 | 69 | 102 | 77 | 214 | 80 | 117 | 140 | 205 | 125 | 101 | 89 | 153 | 69 | 89 | 148 | 311 | 91 | 115 |
| Expenses | 8 | 82 | 153 | 145 | 92 | 47 | 47 | 43 | 31 | 37 | 26 | 36 | 60 | 118 | 55 | 89 | 64 | 201 | 69 | 80 | 126 | 181 | 106 | 83 | 72 | 142 | 51 | 74 | 132 | 286 | 71 | 91 |
| EBITDA | 26 | 32 | 34 | 32 | 29 | 16 | 16 | 17 | 12 | 29 | 2 | 7 | 7 | 23 | 14 | 14 | 14 | 12 | 11 | 38 | 14 | 24 | 20 | 17 | 17 | 11 | 17 | 15 | 16 | 25 | 20 | 25 |
| Operating Profit % | 77 % | 27 % | 18 % | 17 % | 24 % | 24 % | 24 % | 26 % | 27 % | 4 % | 4 % | 14 % | 10 % | 16 % | 20 % | 13 % | 17 % | 5 % | 13 % | 12 % | 10 % | 12 % | 15 % | 14 % | 18 % | 6 % | 24 % | 15 % | 10 % | 7 % | 20 % | 15 % |
| Depreciation | 12 | 13 | 15 | 15 | 13 | 7 | 7 | 7 | 5 | 6 | 5 | 5 | 5 | 6 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 5 | 4 | 3 | 3 |
| Interest | 12 | 15 | 15 | 14 | 13 | 8 | 8 | 9 | 7 | 11 | 7 | 8 | 8 | 9 | 7 | 7 | 6 | 8 | 6 | 6 | 7 | 7 | 6 | 6 | 6 | 5 | 6 | 6 | 8 | 7 | 8 | 8 |
| Profit Before Tax | 2 | 4 | 4 | 3 | 3 | 2 | 2 | 1 | 1 | 12 | -11 | -7 | -6 | 8 | 2 | 3 | 4 | 0 | 1 | 29 | 5 | 13 | 9 | 7 | 7 | 1 | 8 | 5 | 4 | 13 | 9 | 14 |
| Tax | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | -0 | 12 | 0 | 0 | 0 | -3 | 0 | 1 | 1 | 1 | 0 | 5 | 1 | 7 | 2 | -1 | 2 | -1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Net Profit | 2 | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 0 | -11 | -7 | -6 | 11 | 2 | 2 | 4 | -1 | 1 | 24 | 4 | 6 | 8 | 8 | 5 | 3 | 7 | 4 | 3 | 11 | 8 | 13 |
| EPS in ₹ | 2.95 | 4.56 | 3.97 | 5.12 | 4.04 | 2.27 | 2.27 | 1.86 | 1.47 | 0.21 | -1.68 | -0.34 | -0.35 | 0.44 | 0.07 | 0.08 | 0.14 | -0.04 | 0.04 | 0.89 | 0.11 | 0.50 | 0.31 | 0.26 | 0.25 | 0.10 | 0.25 | 0.15 | 0.10 | 0.45 | 0.28 | 0.46 |
Madhav Infra Projects
Madhav Infra Projects
10.90
+0.12
(1.11%)
Key Fundamentals
Market Cap
293.83 Cr
EPS
0.97
PE Ratio
8.56
Dividend Yield
0.00 %
Industry
Construction 52 Week High
18.70
52 Week Low
9.72
PB Ratio
1.25
Debt to Equity
0.72
Sector
Civil Construction Actual
Company News
View All News
Madhav Infra Projects Limited's Board of Directors approved standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025. The board meeting was held on November 10, 2025, at the company's registered office from 1:30 PM to 4:00 PM. The results were accompanied by a Limited Review Report issued by Shah Kadam, Chartered Accountants, the company's statutory auditors. The financial statements were prepared in accordance with Indian Accounting Standard 34 (IndAS 34) for Interim Financial Reporting. The auditors noted attention to non-ascertainment and non-provision of Deferred Tax Liability as per IndAS 12 Income Taxes in their review report.
Madhav Infra Projects Limited's Board approved standalone and consolidated unaudited financial results for the quarter ended June 30, 2025. The company reported standalone revenue from operations of Rs 8,744.27 lakhs for Q1 FY2026 compared to Rs 5,807.11 lakhs in the same quarter previous year. Net profit after tax stood at Rs 694.00 lakhs for the quarter versus Rs 603.79 lakhs in Q1 FY2025. On consolidated basis, revenue was Rs 8,754.37 lakhs with net profit of Rs 748.31 lakhs for the quarter. The Board also approved the draft notice for the 32nd Annual General Meeting and the Annual Report. The company operates in infrastructure development, construction, operation and maintenance of infrastructure projects, along with power generation business in solar and hydro segments. Earnings per share (basic) was Rs 0.26 for the quarter. The auditors noted non-provision of Deferred Tax Liability as per accounting standards.
Madhav Infra Projects Secures 324 Crore Rupee OrderApr 09, 2025
Madhav Infra Projects has won a new order worth 324 crore rupees. The company, which has a market capitalization of 310 crore rupees, has secured this significant contract that exceeds its current market value.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,019.60 | #1 5,52,918.49 | 28.76 | #1 2,59,859.30 | 15.35 | #1 17,687 | 14.13 | 64.83 | |
320.15 | 66,751.92 | 58.93 | 20,922.80 | -9.28 | 1,282 | -19.66 | 42.18 | |
113.04 | 30,520.80 | 50.42 | 12,273.00 | 15.34 | 557 | 25.26 | 50.22 | |
43.96 | 26,547.44 | #1 4.05 | 8,031.50 | -2.08 | 6,481 | 40.94 | 52.44 | |
1,233.50 | 21,064.79 | 25.63 | 22,378.30 | 13.65 | 567 | #1 89.01 | 44.24 | |
710.35 | 18,909.52 | 30.44 | 21,917.60 | 9.77 | 571 | 88.29 | 28.83 | |
166.28 | 15,638.90 | 26.34 | 11,131.00 | -13.52 | 728 | -33.71 | 46.17 | |
388.95 | 14,304.98 | 29.01 | 13,022.80 | -4.57 | 487 | -22.38 | 21.17 | |
816.10 | 14,019.58 | 30.91 | 9,152.60 | 17.86 | 373 | 49.17 | 49.07 | |
1,182.50 | 13,752.42 | 29.66 | 2,428.60 | #1 48.22 | 378 | 10.40 | 27.23 |
Growth Rate
Revenue Growth
32.09 %
Net Income Growth
10.36 %
Cash Flow Change
92.05 %
ROE
-1.38 %
ROCE
18.52 %
EBITDA Margin (Avg.)
-14.48 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 356 | 557 | 684 | 740 | 564 | 496 | 507 | 492 | 574 | 506 | 647 |
| Fixed Assets | 69 | 393 | 399 | 385 | 208 | 175 | 185 | 96 | 132 | 127 | 121 |
| Current Assets | 215 | 152 | 234 | 272 | 296 | 255 | 266 | 345 | 374 | 334 | 455 |
| Capital Work in Progress | 0 | 0 | 3 | 25 | 0 | 0 | 0 | 0 | 7 | 3 | 3 |
| Investments | 27 | 12 | 30 | 31 | 31 | 38 | 32 | 30 | 31 | 21 | 21 |
| Other Assets | 260 | 152 | 252 | 300 | 325 | 282 | 290 | 366 | 404 | 355 | 501 |
| Total Liabilities | 356 | 557 | 684 | 740 | 564 | 496 | 507 | 492 | 574 | 506 | 647 |
| Current Liabilities | 162 | 135 | 192 | 222 | 209 | 157 | 157 | 163 | 243 | 182 | 324 |
| Non Current Liabilities | 115 | 322 | 355 | 377 | 227 | 195 | 218 | 192 | 161 | 132 | 109 |
| Total Equity | 78 | 101 | 137 | 141 | 129 | 143 | 131 | 137 | 170 | 191 | 214 |
| Reserve & Surplus | 49 | 59 | 73 | 68 | 70 | 84 | 53 | 58 | 140 | 162 | 186 |
| Share Capital | 6 | 41 | 51 | 58 | 58 | 58 | 77 | 64 | 27 | 27 | 27 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 8 | 11 | -2 | 13 | -27 | -18 | -14 | -6 | 23 | -18 | 23 |
| Investing Activities | -31 | -277 | -79 | -66 | 155 | 1 | -42 | 66 | -18 | -4 | -73 |
| Operating Activities | 4 | 102 | 79 | 101 | 29 | 2 | 100 | -8 | 73 | 65 | 124 |
| Financing Activities | 35 | 186 | -2 | -21 | -212 | -20 | -73 | -64 | -33 | -79 | -28 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 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 % |
| FIIs | 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 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.20 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Government | 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 % |
| Public / Retail | 3.92 % | 5.48 % | 7.57 % | 8.99 % | 20.38 % | 0.00 % | 21.99 % | 22.06 % | 22.09 % | 22.83 % | 24.98 % | 26.56 % | 27.22 % | 27.44 % | 28.44 % | 28.52 % | 28.50 % | 28.56 % | 28.37 % |
| Others | 23.43 % | 21.87 % | 19.78 % | 18.36 % | 7.01 % | 31.00 % | 9.01 % | 8.93 % | 8.91 % | 8.17 % | 6.02 % | 4.27 % | 3.97 % | 3.74 % | 2.74 % | 2.66 % | 2.68 % | 2.62 % | 2.81 % |
| No of Share Holders | 2,724 | 3,878 | 5,689 | 9,473 | 24,530 | 22,903 | 22,903 | 24,166 | 23,245 | 24,540 | 30,632 | 40,182 | 51,175 | 51,671 | 78,692 | 78,773 | 76,849 | 73,983 | 72,208 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 07 Aug 2020 |  Bonus | 3:1 | 06 Aug 2020 | 5.86 | 8.60 |
| 25 Sept 2024 |  Annual General Meeting | NA | 25 Sept 2024 | 13.73 | 18.44 |
| 24 Oct 2024 |  Quarterly Result Announcement | NA | 24 Oct 2024 | 18.90 | 15.20 |
| 03 Feb 2025 | Quarterly Result Announcement | NA | 03 Feb 2025 | 13.71 | 13.58 |
| 01 May 2025 | Quarterly Result Announcement | NA | 01 May 2025 | 12.69 | 11.98 |
| 02 Aug 2025 | Quarterly Result Announcement | NA | 02 Aug 2025 | 13.67 | 12.94 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 11.77 | 11.43 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 11.10 | 10.51 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 days ago
8 days agoSubmission Of Standalone And Consolidated Unaudited Financial Results For The Quarter And Half Year Ended As On September 30 2025 Along With The Limited Review Report.9 days ago
9 days agoBoard Meeting Outcome for For Submission Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended On September 30 2025.9 days ago
9 days agoBoard Meeting Intimation for Consideration Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half Yearly Ended On September 30 2025.Nov 03, 2025
Nov 03, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 06, 2025
Oct 06, 2025Closure of Trading WindowSep 30, 2025
Sep 30, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 29, 2025
Sep 29, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2025
Sep 04, 2025Intimation Of Book Closure Under Regulation 42 And 44 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Read With Sections 91 96 108 Of The Companies Act 2013 (The Act) And Rule 20 Of Companies (Management & Administration) RuSep 04, 2025
Sep 04, 2025Reg. 34 (1) Annual Report.Sep 04, 2025
Sep 04, 2025Notice Of 32Nd AGM Of The CompanySep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 04, 2025
Aug 04, 2025Submission Of Standalone And Consolidated Unaudited Financial Results For The Quarter Ended As On June 30 2025 Along With The Limited Review Report.Aug 02, 2025
Aug 02, 2025Board Meeting Outcome for Board Meeting Outcome For Submission Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended On June 30 2025.Aug 02, 2025
Aug 02, 2025Board Meeting Intimation for Consideration Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter Ended On June 30 2025.Jul 25, 2025
Jul 25, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Jul 07, 2025Closure of Trading WindowJun 30, 2025
Jun 30, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 16, 2025
May 16, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 16, 2025
May 16, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMay 16, 2025
May 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 02, 2025
May 02, 2025Revised Outcome Of Board Meeting Held On Today I.E May 01 2025.May 01, 2025
May 01, 2025Submission Of Standalone And Consolidated Audited Financial Results For The Quarter And Year Ended As On March 31 2025 Along With The AuditorS Report.May 01, 2025
May 01, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 01, 2025
May 01, 2025Board Meeting Outcome for Submission Of Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended On March 31 2025.May 01, 2025
May 01, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 24, 2025
Apr 24, 2025Update on board meetingApr 24, 2025
Apr 24, 2025Board Meeting Intimation for Consideration Of The Standalone And Consolidated Audited Financial Results Of The Company For The Quarter And Year Ended On March 31 2025.Apr 23, 2025
Apr 23, 2025Announcement Under Regulation 30 SEBI (LODR) Regulations - Intimation Of Incorporation Of Wholly Owned Subsidiary Of Madhav Infra Projects LimitedApr 21, 2025
Apr 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 16, 2025
Apr 16, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotApr 15, 2025
Apr 15, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. April 14 2025.Apr 14, 2025
Apr 14, 2025Announcement under Regulation 30 (LODR)-AcquisitionApr 10, 2025
Apr 10, 2025Letter Of Acceptance Received From National Highways Authority Of IndiaApr 09, 2025
Apr 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 05, 2025
Apr 05, 2025Closure of Trading WindowMar 28, 2025
Mar 28, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 28, 2025
Mar 28, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 25, 2025
Mar 25, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 24, 2025
Mar 24, 2025Announcement Under Regulation 30 Of SEBI (Listings Obligations And Disclosure Requirements) Regulations 2015 Regarding The Successful Partial Commissioning
Of 35 MW Solar Power Project For GSECL In GFeb 24, 2025
Feb 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 04, 2025
Feb 04, 2025Integrated Filing (Financial)Feb 04, 2025
Feb 04, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 03, 2025
Feb 03, 2025Submission Of Standalone And Consolidated Unaudited Financial Results For The Quarter Ended On December 31 2024 Along With Limited Review Report.Feb 03, 2025
Feb 03, 2025Board Meeting Outcome for Outcome Of Board Meeting For Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended On December 31 2024.Feb 03, 2025
Feb 03, 2025Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended On December 31 2024 And AnyJan 24, 2025
Jan 24, 2025Technical Indicators
RSI(14)
Neutral 48.60
ATR(14)
Less Volatile 0.60
STOCH(9,6)
Neutral 34.18
STOCH RSI(14)
Neutral 59.83
MACD(12,26)
Bullish 0.02
ADX(14)
Strong Trend 28.86
UO(9)
Bearish 38.40
ROC(12)
Downtrend And Accelerating -4.01
WillR(14)
Neutral -69.15
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