Madhav Infra Projects Ltd.

9.94 +0.19 ▲2.0%

26 April 2024, 04:01:00 PM
Volume: 54,132

Company Profile

Sector Infrastructure Sector Icon Infrastructure Compare with Sector peers
Industry Engineering - Construction Industry Icon Engineering - Construction Compare with Industry peers
Website http://www.madhavcorp.com
Market Cap 267.96 Cr.
Enterprise Value(EV) 407.64 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 0.89 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 11.13 Trailing Twelve Months Ending 2023-12
Industry PE 46.17 Trailing Twelve Months Ending 2023-12
Book Value / Share 7.08 Trailing Twelve Months Ending 2023-12
Price to Book Value 1.40 Calculated using Price: 9.94
Dividend Yield 0.00 Period Ending 2023-03
No. of Shares Subscribed 26.96 Cr. 269,581,560 Shares
FaceValue 1
About Madhav Infra Projects Ltd.
The company is engaged in development, construction as well as operation & maintenance of Infrastructure Projects. The Company undertakes infrastructure developments projects directly or indirectly through Special Purpose Vehicle (SPVs), in terms of the concessional agreements. The company also engaged in the business of Power Generation Business i.e. solar & Hydro.

Madhav Infra Projects Ltd. Delivery

Delivered Qty
Traded Qty

Madhav Infra Projects Ltd. Performance

1 Day
+1.95%
1 Week
+6.31%
1 Month
-7.36%
3 Month
-33.60%
6 Month
+56.29%
1 Year
+134.99%
2 Year
+103.69%
5 Year
10 Year

Madhav Infra Projects Ltd. Fundamental Ratios

9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 15.53 16.21 15.15 10.58 6.75 4.97 -14.17 8.25 29.19
Return on Capital Employed (%) 11.1 15.78 13.2 11.7 8.89 11.78 4.27 10.33 20.18
Return on Assets (%) 2.43 2.14 1.76 1.14 0.78 0.78 -2.39 1.34 6.8

Madhav Infra Projects Ltd. Balance Sheet

Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 56 100 124 126 127 142 130 135 167 185
Non Curr. Liab. 115 321 353 373 227 195 216 190 160 145
Curr. Liab. 162 135 196 224 211 157 157 166 252 184
Minority Int. 23 1 13 15 2 1 2 2 4 4
Equity & Liab. 355 557 685 738 567 496 504 492 583 518
Non Curr. Assets 141 405 448 464 268 240 238 144 199 191
Curr. Assets 215 152 237 274 299 255 266 348 383 327
Misc. Exp. not W/O
Total Assets 355 557 685 738 567 496 504 492 583 518

Madhav Infra Projects Ltd. Profit and Loss

Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 287 359 399 386 326 204 274 460 513 509
Other Income 3 2 4 14 3 29 3 3 29 10
Total Income 290 361 403 400 329 232 277 463 542 519
Total Expenditure -256 -278 -280 -280 -254 -159 -239 -409 -455 -441
PBIDT 34 83 123 119 75 74 38 54 86 78
Interest -10 -40 -54 -59 -39 -34 -32 -28 -25 -25
Depreciation -11 -29 -55 -52 -30 -24 -21 -16 -13 -16
Taxation -4 -5 -3 0 -1 -12 3 -3 -11 -10
Exceptional Items
PAT 9 10 11 8 5 4 -12 7 37 27
Minority Interest 0 0 0 0 0 0 0 0 -2 -2
Share Associate 0 0 0 -1 -1 0 0 -1
Other Related Items
Consolidated Net Profit 8 10 11 8 5 4 -13 6 34 24
Adjusted EPS 0 0 0 0 0 0 0 0 1 1

Madhav Infra Projects Ltd. Cash Flow

Particulars 9 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 4 102 79 101 29 -2 100 -8 73
Cash Fr. Inv. -31 -277 -79 -66 209 4 -42 66 -18
Cash Fr. Finan. 35 186 -2 -21 -265 -20 -73 -64 -33
Net Change 8 11 -2 13 -27 -18 -14 -6 23
Cash & Cash Eqvt 47 58 56 69 42 24 10 4 27

Madhav Infra Projects Ltd. Shareholding Pattern

9 Qtrs 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%) 2024-03 (%)
Promoter 72.60 69.00 69.00 69.00 69.00 69.00 69.00 68.98 68.81
Public 27.40 31.00 31.00 31.00 31.00 31.00 31.00 31.02 31.19
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
No. of Shareholders (in Lacs)

Madhav Infra Projects Ltd. Announcements

Fri, 26 Apr 2024
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompanyMadhav Infra Projects Ltd
2CIN NO.L45200GJ1992PLC018392
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 42.71
4Highest Credit Rating during the previous FY BBB-
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CARE RATINGS LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Kinjal Khandelwal
Designation: Company Secretary Compliance Officer
EmailId: secretarial@madhavcorp.com
Name of the Chief Financial Officer: Rajendra Rana
Designation: Chief Financial Officer
EmailId: rajendra.rana@madhavcorp.com

Date: 26/04/2024

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Fri, 26 Apr 2024
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company Madhav Infra Projects Ltd
2 CIN NO. L45200GJ1992PLC018392
3 Report filed for FY 2023-2024
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* 2023-24 2024-25
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) 0
8Quantum of (d) which has been met from (c)(e)* 0
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* NA


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)2022-23 2023-24
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-Kinjal Khandelwal
Designation :-Company Secretary and Compliance Officer
Name of the Chief Financial Officer :- Rajendra Rana
Designation : -Chief Financial Officer

Date: 26/04/2024

Wed, 24 Apr 2024
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
We are please to inform you that Madhav Infra Projects Limited has received Letter of Intent from Gujarat Industries Power Company Limited for the Solar Power Generation Projects..

Madhav Infra Projects Ltd. Technical Scans

Fri, 26 Apr 2024
Opening at High Opening at High
Opening at Low Opening at Low
Opening at Low for 3 days Opening at Low for 3 days
Closing Above Previous High Closing Above Previous High
Closing Above Previous High For 3 Days Closing Above Previous High For 3 Days

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Larsen & Toubro Ltd. Consolidated 2023-12 39.15 3,605.20 -1.3%
Rail Vikas Nigam Ltd. Consolidated 2023-12 41.54 289.90 +1.0%
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Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2023-12 6.04 3,605.20 -1.3%
Rail Vikas Nigam Ltd. Consolidated 2023-12 7.34 289.90 +1.0%
IRB Infrastructure Developers Ltd. Consolidated 2023-12 3.00 68.80 +1.5%
Ircon International Ltd. Consolidated 2023-12 4.10 250.80 +2.9%
Kalpataru Projects International Ltd. Consolidated 2023-12 3.85 1,186.95 +0.3%
KEC International Ltd. Consolidated 2023-12 4.75 726.15 -1.0%
Sterling and Wilson Renewable Energy Ltd. Consolidated 2024-03 16.41 682.55 +2.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Larsen & Toubro Ltd. Consolidated 2023-03 1.33 3,605.20 -1.3%
Rail Vikas Nigam Ltd. Consolidated 2023-03 0.88 289.90 +1.0%
IRB Infrastructure Developers Ltd. Consolidated 2023-03 1.18 68.80 +1.5%
Ircon International Ltd. Consolidated 2023-03 0.29 250.80 +2.9%
Kalpataru Projects International Ltd. Consolidated 2023-03 0.78 1,186.95 +0.3%
KEC International Ltd. Consolidated 2023-03 0.85 726.15 -1.0%
Sterling and Wilson Renewable Energy Ltd. Consolidated 2023-03 -8.68 682.55 +2.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2023-03 14.78 3,605.20 -1.3%
Rail Vikas Nigam Ltd. Consolidated 2023-03 20.81 289.90 +1.0%
IRB Infrastructure Developers Ltd. Consolidated 2023-03 5.55 68.80 +1.5%
Ircon International Ltd. Consolidated 2023-03 15.50 250.80 +2.9%
Kalpataru Projects International Ltd. Consolidated 2023-03 9.67 1,186.95 +0.3%
KEC International Ltd. Consolidated 2023-03 4.76 726.15 -1.0%
Sterling and Wilson Renewable Energy Ltd. Consolidated 2023-03 -345.11 682.55 +2.9%
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Larsen & Toubro Ltd. Consolidated 2023-03 14.78 3,605.20 -1.3%
Rail Vikas Nigam Ltd. Consolidated 2023-03 20.81 289.90 +1.0%
IRB Infrastructure Developers Ltd. Consolidated 2023-03 5.55 68.80 +1.5%
Ircon International Ltd. Consolidated 2023-03 15.50 250.80 +2.9%
Kalpataru Projects International Ltd. Consolidated 2023-03 9.67 1,186.95 +0.3%
KEC International Ltd. Consolidated 2023-03 4.76 726.15 -1.0%
Sterling and Wilson Renewable Energy Ltd. Consolidated 2023-03 -345.11 682.55 +2.9%
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Rail Vikas Nigam Ltd. Consolidated 2023-03 20,281.57 289.90 +1.0%
IRB Infrastructure Developers Ltd. Consolidated 2023-03 6,401.64 68.80 +1.5%
Ircon International Ltd. Consolidated 2023-03 10,367.93 250.80 +2.9%
Kalpataru Projects International Ltd. Consolidated 2023-03 16,361.44 1,186.95 +0.3%
KEC International Ltd. Consolidated 2023-03 17,281.71 726.15 -1.0%
Sterling and Wilson Renewable Energy Ltd. Consolidated 2023-03 2,015.01 682.55 +2.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Larsen & Toubro Ltd. Consolidated 2023-03 12,624.87 3,605.20 -1.3%
Rail Vikas Nigam Ltd. Consolidated 2023-03 1,420.55 289.90 +1.0%
IRB Infrastructure Developers Ltd. Consolidated 2023-03 720.01 68.80 +1.5%
Ircon International Ltd. Consolidated 2023-03 765.23 250.80 +2.9%
Kalpataru Projects International Ltd. Consolidated 2023-03 435.02 1,186.95 +0.3%
KEC International Ltd. Consolidated 2023-03 176.03 726.15 -1.0%
Sterling and Wilson Renewable Energy Ltd. Consolidated 2023-03 -1,174.96 682.55 +2.9%

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