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 ₹ 484 Cr.
- Current Price ₹ 18.0
- High / Low ₹ 20.8 / 5.54
- Stock P/E 24.0
- Book Value ₹ 6.99
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 12.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 35.0% CAGR over last 5 years
Cons
- Stock is trading at 2.57 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 11.4% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
272 | 258 | 399 | 385 | 326 | 204 | 274 | 460 | 513 | 460 | 404 | |
241 | 178 | 279 | 280 | 254 | 158 | 239 | 409 | 455 | 402 | 348 | |
Operating Profit | 31 | 80 | 120 | 106 | 72 | 45 | 35 | 51 | 58 | 58 | 56 |
OPM % | 11% | 31% | 30% | 27% | 22% | 22% | 13% | 11% | 11% | 13% | 14% |
3 | 2 | 4 | 14 | 3 | 29 | 3 | 3 | 29 | 6 | 6 | |
Interest | 10 | 40 | 54 | 59 | 39 | 34 | 32 | 28 | 25 | 24 | 23 |
Depreciation | 11 | 29 | 55 | 52 | 30 | 24 | 21 | 16 | 13 | 16 | 15 |
Profit before tax | 13 | 15 | 14 | 8 | 6 | 16 | -15 | 9 | 48 | 25 | 24 |
Tax % | 31% | 33% | 23% | -1% | 20% | 74% | -20% | 29% | 24% | 10% | |
9 | 10 | 11 | 8 | 5 | 3 | -13 | 6 | 36 | 23 | 22 | |
EPS in Rs | 0.38 | 0.42 | 0.30 | 0.20 | 0.15 | -0.49 | 0.24 | 1.26 | 0.80 | 0.74 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 19% |
TTM: | -28% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 55% |
TTM: | -49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 58% |
1 Year: | 223% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 11% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 26 | 26 | 27 | 27 |
Reserves | 49 | 59 | 73 | 68 | 70 | 84 | 53 | 58 | 140 | 162 |
150 | 416 | 479 | 521 | 344 | 335 | 303 | 255 | 207 | 153 | |
151 | 76 | 126 | 144 | 147 | 70 | 125 | 153 | 200 | 159 | |
Total Liabilities | 356 | 557 | 684 | 740 | 568 | 495 | 506 | 492 | 574 | 501 |
69 | 393 | 399 | 385 | 208 | 175 | 185 | 96 | 132 | 127 | |
CWIP | 0 | 0 | 3 | 25 | 0 | 0 | 0 | 0 | 7 | 3 |
Investments | 98 | 24 | 30 | 31 | 31 | 38 | 32 | 30 | 31 | 21 |
189 | 140 | 252 | 300 | 329 | 282 | 290 | 366 | 404 | 349 | |
Total Assets | 356 | 557 | 684 | 740 | 568 | 495 | 506 | 492 | 574 | 501 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
4 | 102 | 79 | 101 | 29 | 2 | 100 | -8 | 73 | 65 | |
-31 | -277 | -79 | -66 | 155 | 1 | -42 | 66 | -18 | -4 | |
35 | 186 | -2 | -21 | -212 | -20 | -73 | -64 | -33 | -79 | |
Net Cash Flow | 8 | 11 | -2 | 13 | -27 | -18 | -14 | -6 | 22 | -17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 70 | 53 | 65 | 123 | 149 | 113 | 90 | 117 | 78 |
Inventory Days | 102 | 17 | 190 | 200 | 218 | 339 | 273 | 222 | 167 | 163 |
Days Payable | 183 | 94 | 295 | 228 | 204 | 211 | 187 | 202 | 279 | 222 |
Cash Conversion Cycle | -71 | -6 | -51 | 37 | 138 | 277 | 199 | 109 | 5 | 20 |
Working Capital Days | 10 | -26 | 19 | 23 | 106 | 275 | 195 | 152 | 100 | 107 |
ROCE % | 15% | 13% | 11% | 9% | 12% | 4% | 10% | 13% | 13% |
Documents
Announcements
- Closure of Trading Window 22 Aug
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 29.08.2024 22 Aug
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Aug - Newspaper Publication of Un-audited Financial Results for the quarter ended on June 30, 2024
- Intimation Of Book Closure 6 Aug
- Submission Of Financial Results Under The Regulation 33 Of The SEBI (LODR) Regulations, 2015 6 Aug
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