Madhav Infra Projects Ltd
Incorporated in 2010, Madhav Infra
Projects Ltd is in the business of
Infrastructure Development and
Solar Power generation[1]
- Market Cap ₹ 412 Cr.
- Current Price ₹ 15.3
- High / Low ₹ 15.3 / 5.53
- Stock P/E 22.1
- Book Value ₹ 6.90
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 10.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 44.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.66% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.2% over last 3 years.
- Contingent liabilities of Rs.232 Cr.
- Promoter holding has decreased over last 3 years: -3.84%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
109 | 131 | 261 | 206 | 335 | 307 | 299 | 200 | 270 | 387 | 322 | 358 | |
101 | 113 | 236 | 167 | 261 | 250 | 237 | 156 | 236 | 337 | 276 | 311 | |
Operating Profit | 8 | 18 | 26 | 39 | 74 | 57 | 62 | 45 | 34 | 50 | 46 | 47 |
OPM % | 7% | 14% | 10% | 19% | 22% | 19% | 21% | 22% | 13% | 13% | 14% | 13% |
1 | 2 | 1 | 2 | 3 | 12 | 3 | 29 | 3 | 2 | 29 | 5 | |
Interest | 3 | 8 | 7 | 18 | 33 | 36 | 35 | 34 | 32 | 27 | 22 | 21 |
Depreciation | 1 | 5 | 9 | 9 | 34 | 27 | 26 | 23 | 20 | 15 | 11 | 11 |
Profit before tax | 4 | 7 | 12 | 14 | 10 | 6 | 4 | 16 | -15 | 10 | 42 | 20 |
Tax % | 32% | 26% | 32% | 34% | 23% | -8% | 19% | 72% | -21% | 28% | 23% | 7% |
3 | 5 | 8 | 9 | 8 | 7 | 3 | 5 | -12 | 7 | 32 | 19 | |
EPS in Rs | 0.36 | 0.30 | 0.27 | 0.13 | 0.18 | -0.47 | 0.29 | 1.19 | 0.69 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 4% |
3 Years: | 10% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 44% |
3 Years: | 53% |
TTM: | 44% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 38% |
1 Year: | 175% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 10% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 26 | 26 | 27 | 27 |
Reserves | 37 | 40 | 48 | 57 | 69 | 75 | 79 | 83 | 52 | 59 | 138 | 159 |
47 | 66 | 71 | 236 | 279 | 306 | 316 | 332 | 300 | 233 | 182 | 130 | |
11 | 69 | 127 | 73 | 127 | 135 | 143 | 68 | 118 | 150 | 122 | 132 | |
Total Liabilities | 102 | 182 | 253 | 373 | 481 | 522 | 544 | 489 | 496 | 468 | 470 | 447 |
15 | 35 | 44 | 163 | 183 | 167 | 184 | 169 | 158 | 81 | 94 | 89 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 7 | 3 |
Investments | 26 | 29 | 53 | 87 | 72 | 82 | 44 | 40 | 45 | 48 | 42 | 32 |
60 | 117 | 157 | 123 | 226 | 248 | 316 | 281 | 293 | 339 | 327 | 323 | |
Total Assets | 102 | 182 | 253 | 373 | 481 | 522 | 544 | 489 | 496 | 468 | 470 | 447 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 29 | 41 | 21 | 59 | 48 | 2 | -13 | 89 | 24 | 27 | 63 | |
0 | -26 | -39 | -162 | -52 | -37 | 30 | 3 | -8 | 50 | 15 | 5 | |
0 | 9 | -1 | 147 | -9 | -10 | -28 | 3 | -73 | -80 | -35 | -74 | |
Net Cash Flow | 0 | 12 | 1 | 6 | -3 | 1 | 4 | -7 | 9 | -7 | 7 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 115 | 10 | 95 | 66 | 81 | 134 | 148 | 126 | 89 | 169 | 99 |
Inventory Days | 50 | 109 | 102 | 15 | 197 | 205 | 229 | 339 | 277 | 220 | 152 | 118 |
Days Payable | 25 | 140 | 178 | 93 | 303 | 230 | 212 | 210 | 183 | 201 | 183 | 141 |
Cash Conversion Cycle | 52 | 84 | -66 | 17 | -41 | 56 | 150 | 277 | 220 | 108 | 138 | 76 |
Working Capital Days | 81 | 34 | -3 | -11 | 9 | 27 | 119 | 281 | 210 | 161 | 189 | 146 |
ROCE % | 9% | 14% | 15% | 15% | 13% | 11% | 10% | 12% | 4% | 11% | 11% | 12% |
Documents
Announcements
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Clarification On Price Movement
2d - There is no undisclosed/price sensitive information or any impending announcement/corporate action which needs to be informed to the stock exchange at this point of time …
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Clarification sought from Madhav Infra Projects Ltd
23 Jul - Exchange has sought clarification from Madhav Infra Projects Ltd on July 23, 2024 with reference to significant movement in price, in order to ensure that …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jul - Depositories and Participants) Regulations 2018, a copy of the certificate received from Satellite Corporate Services Pvt Ltd, the Registrar and Share transfer agent of the …
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Jul - Of Resignation of Independent Directors under regulation 30 of SEBI (LODR) Regulations 2015
- Closure of Trading Window 27 Jun
Business Overview:[1][2]
MIPL is part of Vadodara-based Madhav group and is the EPC arm of the group. Company operates in fields of Energy, Real Estate, Highways and Urban Infrastructure. It undertakes large-scale self-financed BOT projects like road and water supply, industrial projects for core sectors or lump sum turnkey projects for utilities and urban infrastructure like bus stands, solar, PV and small hydro power projects