Madhav Infra Projects L

NSE: MADHAVIPL · Civil Construction · sector

₹7.06NSE close 2026-10-26

Key numbers

Market cap₹190 cr

Price₹7.06

52w high / low₹10 / ₹7

P/E5.5xSector median 12.2x

P/B0.8xSector median 1.3x

Book value₹8.9

Dividend yield–Sector median 0.76%

ROE11.6%Sector median 10.2%

ROCE14.5%Sector median 12.9%

OPM12.9%Sector median 10.7%

Debt / equity0.69xSector median 0.36x

EV/EBITDA4.2xSector median 8.8x

Interest cover2.5x

Current ratio1.61x

Sales growth 3y+16.0%Sector median +6.7%

Profit growth 3y-5.1%Sector median +5.8%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹86 cr vs borrowings ₹165 cr (FY26): borrowings are higher by ₹79 cr.
Operating profit covered interest 2.5x in the last 12 months.
Net loss in 1 of the last 6 quarters.
Other income was 28% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹7.06 on 2026-10-26: -28.7% from the 52-week high, +8.4% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹18.81 · low ₹7.02

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	308	88	107	54	254	88
EBITDA	22	17	16	12	21	16
OPM %	7.3%	19.5%	15.2%	22.5%	8.2%	17.7%
Other income	2	3	1	2	2	2
Net profit	12	7	13	-4	12	6
EPS (₹)	0.45	0.28	0.46	0.16	0.43	0.23
Revenue YoY					-17.6%	+0.9%
Profit YoY					-4.8%	-16.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	387	322	358	610	502	503
EBITDA	50	46	47	67	66	65
Net profit	7	32	19	26	27	26
EPS (₹)	0.29	1.50	0.80	0.96	1.02	1.28
Revenue growth		-16.7%	+11.2%	+70.4%	-17.7%	–
Profit growth		+332.5%	-41.7%	+38.3%	+6.0%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+16.0%	–	–
Net profit	-5.1%	–	–
EPS	-12.1%	–	–
Share price	–	– (2y)	–

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	213	240
Borrowings	160	165
Cash & equivalents	97	86
Total assets	647	606
Fixed assets	76	74
Capital work in progress	3	0
Investments	21	0
Receivables	89	109
Inventory	98	72
Payables	148	88

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	124	32
Cash from investing	-73	-31
Cash from financing	-28	-20
Capex	10	6
Free cash flow	114	26

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	12.2%	11.4%
ROCE %	15.4%	15.1%
Debtor days	53	79
Inventory days	85	101
Payable days	130	123
Cash conversion cycle (days)	8	57
Working capital days	78	111

Peers in Civil Construction

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
LT	₹5,06,276 cr	30.5x	4.6x	16.7%	12.8%	9.4%	+22.2%	0.92%
RVNL	₹38,083 cr	42.4x	3.9x	9.3%	10.5%	4.3%	+0.2%	1.51%
KPIL	₹22,134 cr	19.5x	2.8x	15.9%	17.7%	8.4%	+18.4%	0.69%
IRB	₹19,639 cr	20.6x	0.9x	4.7%	7.6%	53.9%	+6.1%	0.65%
CEMPRO	₹19,444 cr	32.3x	8.1x	28.4%	32.3%	10.4%	+25.5%	0.18%
NBCC	₹18,536 cr	25.1x	6.1x	27.0%	33.9%	5.8%	+13.8%	1.08%
ENGINERSIN	₹13,725 cr	17.5x	4.4x	27.0%	28.8%	19.4%	+5.7%	1.84%
TECHNOE	₹9,612 cr	22.3x	2.3x	10.9%	13.7%	14.0%	+57.7%	1.09%
IRCON	₹9,177 cr	17.5x	1.4x	8.1%	8.2%	8.3%	-4.4%	2.25%
MADHAVIPL	₹190 cr	5.5x	0.8x	11.6%	14.5%	12.9%	+16.0%	–

All 119 companies in Civil Construction →

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Civil Construction
Sub-industry	Civil Construction
Symbol	MADHAVIPL
BSE code	539894
ISIN	INE631R01026
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.