| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | 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  | 210 | 233 | 225 | 251 | 154 | 111 | 201 | 314 | 104 | 229 | 209 | 501 | 152 | 254 | 245 | 425 | 237 | 298 | 356 | 1,173 | 230 | 301 | 276 | 658 | 262 | 395 | 178 | 176 | 204 | 183 |
| Expenses | 162 | 214 | 202 | 256 | 142 | 96 | 177 | 1,243 | 106 | 228 | 182 | 429 | 155 | 182 | 251 | 417 | 201 | 282 | 338 | 595 | 239 | 309 | 273 | 642 | 255 | 392 | 137 | 175 | 194 | 180 |
| EBITDA | 48 | 19 | 23 | -4 | 12 | 15 | 24 | -929 | -2 | 1 | 27 | 73 | -3 | 72 | -6 | 8 | 36 | 17 | 18 | 578 | -8 | -8 | 4 | 15 | 8 | 3 | 41 | 1 | 10 | 3 |
| Operating Profit % | 21 % | 6 % | 6 % | -4 % | 1 % | 5 % | 8 % | -318 % | -16 % | -25 % | 4 % | 4 % | -10 % | 19 % | -5 % | -22 % | -1 % | 2 % | -46 % | -34 % | -13 % | -20 % | 1 % | -53 % | -8 % | -106 % | -23 % | -26 % | -23 % | -39 % |
| Depreciation | 56 | 58 | 61 | 56 | 66 | 67 | 67 | -128 | 42 | 20 | 34 | 33 | 35 | 35 | 35 | 35 | 39 | 39 | 60 | 662 | 10 | 9 | 12 | 2 | 10 | 12 | 484 | 26 | 131 | 131 |
| Interest | 98 | -9 | 28 | 25 | 54 | -35 | 78 | 54 | 9 | 11 | 9 | 218 | 3 | 48 | -1 | -12 | 8 | 7 | 7 | 25 | 3 | 3 | 9 | 27 | 4 | 3 | 5 | 27 | 6 | 6 |
| Profit Before Tax | -107 | -30 | -67 | -85 | -108 | -17 | -120 | -855 | -52 | -31 | -16 | -178 | -41 | -12 | -41 | -15 | -10 | -29 | -49 | -109 | -21 | -20 | -17 | -13 | -7 | -12 | -447 | -52 | -127 | -133 |
| Tax | 0 | -5 | -3 | -17 | -2 | 13 | 10 | -14 | -4 | -9 | 2 | -4 | -0 | -2 | 7 | 14 | -9 | 1 | 0 | -12 | -1 | -1 | -2 | -6 | 4 | -6 | -1 | 9 | 0 | -3 |
| Net Profit | -107 | -25 | -63 | -68 | -106 | -30 | -130 | -841 | -49 | -22 | -17 | -174 | -41 | -10 | -48 | -29 | -1 | -30 | -50 | -97 | -20 | -19 | -14 | -7 | -11 | -5 | -446 | -62 | -127 | -131 |
| EPS in ₹ | -13.15 | -2.64 | -8.07 | -7.98 | -13.12 | -3.38 | -16.70 | -109.11 | -6.33 | -2.51 | -2.15 | -20.63 | -4.72 | -0.50 | -5.72 | -3.47 | 0.65 | -3.83 | -5.81 | -10.48 | -2.65 | -2.42 | -1.69 | 0.64 | -1.30 | -0.61 | -57.22 | -5.27 | -15.97 | -16.36 |
Madhucon Projects
Madhucon Projects
6.25
+0.09
(1.46%)
Key Fundamentals
Market Cap
46.12 Cr
EPS
-64.40
PE Ratio
-0.06
Dividend Yield
0.00 %
Industry
Construction 52 Week High
11.47
52 Week Low
5.64
PB Ratio
-0.03
Debt to Equity
0.00
Sector
Civil Construction Actual
Company News
View All News
Madhucon Projects Limited accepted the resignation of Independent Director P. Madhava Rao due to personal reasons and appointed two new directors - Sambasiva Rao Jasty as additional director and Turlapati Venkata Sundara Jawaharlal Nehru as Independent Director for a 5-year term. The board changes were approved on August 9, 2025, affecting the company's governance structure and requiring shareholder approval at the upcoming Annual General Meeting.
Madhucon Projects Reports Rs 469.40 Lakh Profit in Q2 Despite Auditor Concerns Over Subsidiary Investments
Nov 08, 2025
Nov 08, 2025Madhucon Projects Limited reported a standalone profit of Rs 469.40 lakh for the quarter ended September 30, 2025, compared to a loss of Rs 240.13 lakh in the same period last year. Revenue from operations declined to Rs 10,765.01 lakh from Rs 16,280.56 lakh year-on-year. The company's Board accepted the resignation of Independent Director Mrs. Ch. Lakshmi Kumari effective November 8, 2025. Auditors raised significant concerns about the carrying value of equity investments worth Rs 53,408.43 lakh in subsidiaries, noting that some subsidiaries have eroded net worth and going concern issues. The company wrote off investments of Rs 7,637.67 lakh in subsidiary Madhucon Infra Limited and Rs 738.01 lakh in step-down subsidiary Madurai Tuticorin Expressways Limited during the quarter. Several step-down subsidiaries including Ranchi Expressways, Trichy-Thanjavur Expressways, and Barasat-Krishnagar Expressways are undergoing Corporate Insolvency Resolution Process. The Enforcement Directorate has provisionally attached properties worth Rs 176.86 crore belonging to the Madhucon Group in connection with a case against Ranchi Expressway Limited.
Madhucon Projects Limited disclosed defaults on loan payments for the quarter ended September 30, 2025. The company reported a principal default amount of Rs 31.44 crore with no interest defaults. The total outstanding amount for fund-based loans stands at Rs 31.44 crore, representing a complete default on this amount. The company's total financial indebtedness including short-term and long-term debt amounts to Rs 185.25 crore. The default involves secured loans from OBC/Punjab National Bank. The disclosure was made on October 1, 2025, covering both fund and non-fund based obligations.
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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 |
|---|---|---|---|---|---|---|---|---|
4,024.90 | #1 5,53,647.54 | 29.04 | #1 2,59,859.30 | 15.35 | #1 17,687 | 14.13 | 64.19 | |
314.00 | 65,469.63 | 58.55 | 20,922.80 | -9.28 | 1,282 | -19.66 | 36.57 | |
112.61 | 30,404.70 | 50.86 | 12,273.00 | 15.34 | 557 | 25.26 | 49.11 | |
43.67 | 26,372.31 | #1 4.03 | 8,031.50 | -2.08 | 6,481 | 40.94 | 49.92 | |
1,229.40 | 20,994.78 | 25.94 | 22,378.30 | 13.65 | 567 | #1 89.01 | 43.38 | |
699.20 | 18,612.70 | 27.31 | 21,917.60 | 9.77 | 571 | 88.29 | 27.42 | |
162.30 | 15,264.57 | 25.97 | 11,131.00 | -13.52 | 728 | -33.71 | 40.10 | |
390.55 | 14,363.83 | 29.16 | 13,022.80 | -4.57 | 487 | -22.38 | 27.57 | |
1,170.40 | 13,611.70 | 29.92 | 2,428.60 | #1 48.22 | 378 | 10.40 | 30.00 | |
778.35 | 13,371.09 | 31.22 | 9,152.60 | 17.86 | 373 | 49.17 | 41.19 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-53.82 %
Net Income Growth
752.72 %
Cash Flow Change
-3.47 %
ROE
-59.31 %
ROCE
216.32 %
EBITDA Margin (Avg.)
-17,550.00 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 8,205 | 8,456 | 8,229 | 7,892 | 7,705 | 4,966 | 5,335 | 5,503 | 4,110 | 4,213 | 3,612 |
| Fixed Assets | 5,575 | 5,870 | 4,791 | 4,552 | 4,336 | 1,236 | 749 | 677 | 53 | 169 | 212 |
| Current Assets | 582 | 1,421 | 869 | 670 | 1,966 | 1,581 | 2,147 | 2,167 | 2,488 | 2,284 | 1,759 |
| Capital Work in Progress | 1,623 | 151 | 150 | 150 | 151 | 151 | 614 | 550 | 232 | 87 | 87 |
| Investments | 1 | 1 | 1 | 1 | 3 | 971 | 754 | 754 | 1 | 1 | 2 |
| Other Assets | 1,006 | 2,434 | 3,287 | 3,189 | 3,215 | 2,608 | 3,218 | 3,522 | 3,825 | 3,956 | 0 |
| Total Liabilities | 8,205 | 8,456 | 8,229 | 7,892 | 7,705 | 4,966 | 5,335 | 5,503 | 4,110 | 4,213 | 3,612 |
| Current Liabilities | 2,620 | 3,683 | 3,927 | 4,863 | 6,463 | 5,278 | 4,419 | 4,882 | 4,528 | 4,238 | 3,568 |
| Non Current Liabilities | 5,717 | 4,896 | 5,012 | 4,805 | 3,411 | 2,186 | 2,897 | 2,832 | 1,939 | 1,962 | 2,049 |
| Total Equity | -131 | -124 | -710 | -1,776 | -2,169 | -2,498 | -1,982 | -2,210 | -2,357 | -1,988 | -1,468 |
| Reserve & Surplus | -322 | -296 | -829 | -1,775 | -2,130 | -2,438 | -1,892 | -2,095 | -1,927 | -1,510 | -1,475 |
| Share Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | -32 | 2 | -68 | -20 | -11 | 48 | -16 | 30 | -13 | -43 |
| Investing Activities | -1,366 | 466 | 107 | -2 | 3 | 2,843 | 839 | -158 | 949 | 467 |
| Operating Activities | 1,509 | -301 | 683 | 571 | 190 | -587 | -405 | 232 | -241 | -250 |
| Financing Activities | -175 | -162 | -859 | -588 | -204 | -2,209 | -451 | -43 | -720 | -261 |
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 | 58.96 % | 58.96 % | 58.96 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % | 59.08 % |
| 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 % | 0.03 % | 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 % | 0.00 % | 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 | 37.51 % | 37.59 % | 38.30 % | 37.92 % | 38.23 % | 38.33 % | 37.55 % | 37.63 % | 37.56 % | 37.49 % | 37.59 % | 37.13 % | 37.29 % | 37.38 % | 37.09 % | 36.98 % | 37.08 % | 37.08 % | 37.10 % |
| Others | 3.53 % | 3.45 % | 2.74 % | 3.00 % | 2.70 % | 2.59 % | 3.37 % | 3.30 % | 3.36 % | 3.44 % | 3.34 % | 3.79 % | 3.60 % | 3.55 % | 3.84 % | 3.95 % | 3.85 % | 3.85 % | 3.82 % |
| No of Share Holders | 16,653 | 17,045 | 17,124 | 18,516 | 19,424 | 19,315 | 19,397 | 19,717 | 19,697 | 19,704 | 19,395 | 19,688 | 19,714 | 19,615 | 20,606 | 20,510 | 20,643 | 20,667 | 20,435 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 29 Sept 2023 |  Annual General Meeting | NA | 29 Sept 2023 | 5.54 | 5.15 |
| 27 Sept 2024 | Annual General Meeting | NA | 27 Sept 2024 | 15.22 | 13.46 |
| 08 Nov 2024 |  Quarterly Result Announcement | NA | 08 Nov 2024 | 12.47 | 10.61 |
| 30 Jan 2025 | Quarterly Result Announcement | NA | 30 Jan 2025 | 8.93 | 8.25 |
| 17 May 2025 | Quarterly Result Announcement | NA | 17 May 2025 | 6.83 | 7.30 |
| 09 Aug 2025 | Quarterly Result Announcement | NA | 09 Aug 2025 | 6.75 | 6.87 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 6.87 | 7.61 |
| 08 Nov 2025 | Quarterly Result Announcement | NA | 08 Nov 2025 | 7.13 | 7.14 |
Announcements
Announcement under Regulation 30 (LODR)-Change in Directorate3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateNov 08, 2025
Nov 08, 2025Board Meeting Outcome for Outcome Board Meeting Held On 8Th November 2025Nov 08, 2025
Nov 08, 2025Board Meeting Intimation for Pursuant Of Regulation 29(1) (A) Of The SEBI (LODR) Regulations 2015 A Meeting Of The Board Of Directors Will Be Held On Saturday The 8Th Of November 2025 At 4.00 P.M.Oct 28, 2025
Oct 28, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 14, 2025
Oct 14, 2025Compliance-57 (5) : intimation after the end of quarterOct 14, 2025
Oct 14, 2025Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans
Including Revolving Facilities Like Cash Credit From Banks / Financial InstitutionsOct 01, 2025
Oct 01, 2025Submitted Delayed In Submission Of Proceedings.Sep 29, 2025
Sep 29, 2025Closure of Trading WindowSep 29, 2025
Sep 29, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 27, 2025
Sep 27, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 27, 2025
Sep 27, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 27, 2025
Sep 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 02, 2025
Sep 02, 2025Reg. 34 (1) Annual Report.Sep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 01, 2025
Sep 01, 2025Book Closure Intimation For 35Th Annual General Meeting Of The Company.Aug 18, 2025
Aug 18, 2025Submission Of 35Th Annual General Meeting Of The Company.Aug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 12, 2025
Aug 12, 2025Disclosure under Regulation 30A of LODRAug 09, 2025
Aug 09, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 09, 2025
Aug 09, 2025Board Meeting Outcome for Outcome Board Meeting Of Dated 9Th August 2025Aug 09, 2025
Aug 09, 2025Board Meeting Intimation for Intimation Of Board Meeting In Pursuant To Regulation 29(1) (A) Of SEBI (LODR) Regulation 2015 To Consider Un-Audited Standalone And Consolidated Financial Results In IND-AS For The Quarter Ended 30Th June 2025.Jul 26, 2025
Jul 26, 2025Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans
Including Revolving Facilities Like Cash Credit From Banks / Financial InstitutionsJul 05, 2025
Jul 05, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 03, 2025
Jul 03, 2025Compliance-57 (5) : intimation after the end of quarterJul 02, 2025
Jul 02, 2025Closure of Trading WindowJun 28, 2025
Jun 28, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 20, 2025
May 20, 2025Published News Papers Clippings An Extract Of The Audited Standalone And Consolidated Audited Financial Results For 31St March 2025 Under Regulation 47 Of The SEBI (LODR) Regulations 2015.May 19, 2025
May 19, 2025Announcement under Regulation 30 (LODR)-Change in Management ControlMay 17, 2025
May 17, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On 17Th May 2025-Audited Financial Results_31-03-2025May 17, 2025
May 17, 2025Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Year Ended 31St March 2025 Along With Auditors Report.May 05, 2025
May 05, 2025Announcement under Regulation 30 (LODR)-CessationApr 30, 2025
Apr 30, 2025Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans
Including Revolving Facilities Like Cash Credit From Banks / Financial InstitutionsApr 03, 2025
Apr 03, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 03, 2025
Apr 03, 2025Compliance Certificate Submitted Under The Regulation 7(3) Of SEBI (LODR) Regulations 2015 For The Financial Year Ended 31St March 2025.Apr 03, 2025
Apr 03, 2025Closure of Trading WindowMar 26, 2025
Mar 26, 2025Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process (CIRP) by Corporate ApplicantFeb 22, 2025
Feb 22, 2025Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)Feb 20, 2025
Feb 20, 2025Integrated Filing (Financial)Feb 07, 2025
Feb 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 01, 2025
Feb 01, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 30Th January 2025Jan 30, 2025
Jan 30, 2025Board Meeting Intimation for Board Meeting Intimation Under Regulation 29 Of SEBI (LODR) Regulations 2025.Jan 21, 2025
Jan 21, 2025SEBI Administrative Warning In Relation To Non-Compliance And Delayed Compliance With Regulation 30 Of LODR Regulations 2015.Jan 18, 2025
Jan 18, 2025Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans
Including Revolving Facilities Like Cash Credit From Banks / Financial IJan 17, 2025
Jan 17, 2025Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process (CIRP) by Financial CreditorsJan 17, 2025
Jan 17, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 07, 2025
Jan 07, 2025Closure of Trading WindowDec 30, 2024
Dec 30, 2024Announcement under Regulation 30 (LODR)-Resignation of DirectorNov 13, 2024
Nov 13, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 09, 2024
Nov 09, 2024Technical Indicators
RSI(14)
Neutral 33.12
ATR(14)
Less Volatile 0.40
STOCH(9,6)
Oversold 14.30
STOCH RSI(14)
Oversold 4.80
MACD(12,26)
Bearish -0.10
ADX(14)
Weak Trend 13.01
UO(9)
Bearish 38.68
ROC(12)
Downtrend And Accelerating -13.91
WillR(14)
Oversold -84.56
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