MADHAV INFRA PROJECTS L (MADHAVIPL) financials

MADHAV INFRA PROJECTS L (MADHAVIPL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2010, Madhav InfraProjects Ltd is in the business ofInfrastructure Development andSolar Power generation[1]

Market Cap: ₹189Cr.
Current Price: ₹7.02
Stock P/E: 8.00
ROE: 10.3%
ROCE: 14.4%
Book Value: ₹8.87
Dividend Yield: 0.00%
52W High / Low: ₹12.3/6.51

In Jun 2026, MADHAV INFRA PROJECTS L (MADHAVIPL) reported sales ₹57.35 Cr and net profit ₹4.47 Cr.

Annual TTM: sales ₹420 Cr, net profit ₹24 Cr.

Shareholding: Promoters 68.81% (Sep 2026), DIIs 0.04% (Sep 2026), Public 31.14% (Sep 2026), No. of Shareholders 65,331% (Sep 2026).

MADHAVIPL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	87.63	128.79	297.72	84.44	104.31	51.12	207.69	57.35
Expenses	74.84	115.54	277.71	69.81	89.88	40.95	191.81	46.35
Operating Profit	12.79	13.25	20.01	14.63	14.43	10.17	15.88	11.00
OPM %	14.60%	10.29%	6.72%	17.33%	13.83%	19.89%	7.65%	19.18%
Other Income	1.87	0.81	2.05	2.80	1.31	1.34	1.68	1.41
Interest	5.49	6.99	6.53	6.82	6.65	5.80	-0.20	4.46
Depreciation	2.31	2.15	2.34	2.17	2.12	2.12	2.31	2.03
Profit before tax	6.86	4.92	13.19	8.44	6.97	3.59	15.45	5.92
Tax %	16.76%	21.75%	13.72%	17.77%	17.07%	17.55%	32.36%	24.49%
Net Profit	5.72	3.84	11.39	6.94	5.78	2.96	10.45	4.47
EPS in Rs	0.21	0.14	0.42	0.26	0.21	0.11	0.39	0.17
Raw PDF	—	—	—	—	—	—	—	—

MADHAVIPL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	200	270	387	322	358	572	448	420
Expenses	156	236	337	276	311	512	392	369
Operating Profit	45	34	50	46	47	60	55	51
OPM %	22%	13%	13%	14%	13%	10%	12%	12%
Other Income	29	3	2	29	5	6	7	6
Interest	34	32	27	22	21	24	19	17
Depreciation	23	20	15	11	11	9	9	9
Profit before tax	16	-15	10	42	20	32	34	32
Tax %	72%	-21%	28%	23%	7%	16%	24%	—
Net Profit	5	-12	7	32	19	27	26	24
EPS in Rs	0.18	-0.47	0.29	1.19	0.69	1.00	0.97	0.88
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

MADHAVIPL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	6	6	26	26	27	27	27	27
Reserves	79	83	52	73	138	159	186	212
Borrowings	316	332	300	233	182	130	126	130
Other Liabilities	143	68	118	137	122	132	252	143
Total Liabilities	544	489	496	468	470	447	592	512
Fixed Assets	184	169	158	81	94	89	84	82
CWIP	0	0	0	0	7	3	3	0
Investments	44	40	45	48	42	32	32	32
Other Assets	316	281	293	339	327	323	472	398
Total Assets	544	489	496	468	470	447	592	512

MADHAVIPL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	2	-13	89	24	27	63	54	-7
Cash from Investing Activity	30	3	-8	50	15	5	-0	4
Cash from Financing Activity	-28	3	-73	-80	-35	-74	-27	-16
Net Cash Flow	4	-7	9	-7	7	-5	27	-19
Free Cash Flow	-16	-21	92	84	21	62	50	-7
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	13%	-26%	245%	64%	42%	152%	108%	4%

MADHAVIPL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%	68.81%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.04%
Public	31.18%	31.18%	31.18%	31.19%	31.18%	31.17%	31.15%	31.14%
No. of Shareholders	78,773	76,849	73,983	72,208	71,257	68,506	67,063	65,331

MADHAVIPL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	134	148	126	89	169	99	50	85
Inventory Days	229	339	277	220	152	173	85	103
Days Payable	212	210	183	201	183	207	120	92
Cash Conversion Cycle	150	277	220	108	138	65	15	96
Working Capital Days	60	136	102	109	117	108	23	85
ROCE %	10%	12%	4%	10%	11%	12%	17%	14%

MADHAVIPLUpdated 22 Oct 2026, 7:37

Madhav Infra Projects L

MADHAVIPLUpdated 22 Oct 2026, 7:37

Market Cap

₹189Cr.

Current Price

₹7.02

High / Low

₹12.3/6.51

Stock P/E

8.00

ROE10.3%

ROCE14.4%

Book Value₹8.87

Face Value₹1.00

Dividend Yield0.00%

About

Incorporated in 2010, Madhav InfraProjects Ltd is in the business ofInfrastructure Development andSolar Power generation[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	61.52	5.62	43.92	0.66	2.6	10.04	15.64	8.47	0.31
Sep 2023	89.06	5.41	79.99	3	2.61	4.05	15.56	3.42	0.13
Dec 2023	80.57	5.25	69.54	0.67	2.81	3.64	40.11	2.19	0.08
Mar 2024	126.87	4.53	117.83	0.74	2.8	2.45	-88.57	4.62	0.17
Jun 2024	58.07	5.19	44.17	0.83	2.29	7.25	16.69	6.04	0.22
Sep 2024	87.63	5.49	74.84	1.87	2.31	6.86	16.76	5.72	0.21
Dec 2024	128.79	6.99	115.54	0.81	2.15	4.92	21.75	3.84	0.14
Mar 2025	297.72	6.53	277.71	2.05	2.34	13.19	13.72	11.39	0.42
Jun 2025	84.44	6.82	69.81	2.8	2.17	8.44	17.77	6.94	0.26
Sep 2025	104.31	6.65	89.88	1.31	2.12	6.97	17.07	5.78	0.21
Dec 2025	51.12	5.8	40.95	1.34	2.12	3.59	17.55	2.96	0.11
Mar 2026	207.69	-0.2	191.81	1.68	2.31	15.45	32.36	10.45	0.39
Jun 2026	57.35	4.46	46.35	1.41	2.03	5.92	24.49	4.47	0.17

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	261	7	236	1	9	12	32	8	—
Mar 2016	206	18	167	2	9	14	34	9	0.36
Mar 2017	335	33	261	3	34	10	23	8	0.3
Mar 2018	307	36	250	12	27	6	-8	7	0.27
Mar 2019	299	35	237	3	26	4	19	3	0.13
Mar 2020	200	34	156	29	23	16	72	5	0.18
Mar 2021	270	32	236	3	20	-15	-21	-12	-0.47
Mar 2022	387	27	337	2	15	10	28	7	0.29
Mar 2023	322	22	276	29	11	42	23	32	1.19
Mar 2024	358	21	311	5	11	20	7	19	0.69
Mar 2025	572	24	512	6	9	32	16	27	1
Mar 2026	448	19	392	7	9	34	24	26	0.97
TTM	420	17	369	6	9	32	—	24	0.88

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	68.81%
DIIs	0.04%
Public	31.14%

Shareholding trend

Ownership over time%

Quarter	Promoters	DIIs	Public
Dec 2023	68.98%	0%	31.01%
Mar 2024	68.81%	0%	31.18%
Jun 2024	68.81%	0%	31.18%
Sep 2024	68.81%	0%	31.18%
Dec 2024	68.81%	0%	31.18%
Mar 2025	68.81%	0%	31.18%
Jun 2025	68.81%	0%	31.18%
Sep 2025	68.81%	0%	31.19%
Dec 2025	68.81%	0%	31.18%
Mar 2026	68.81%	0%	31.17%
Jun 2026	68.81%	0.04%	31.15%
Sep 2026	68.81%	0.04%	31.14%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	6	48	71	127	253	44	0	53	157	253
Mar 2016	6	57	236	73	373	163	0	87	123	373
Mar 2017	6	69	279	127	481	183	0	72	226	481
Mar 2018	6	75	306	135	522	167	25	82	248	522
Mar 2019	6	79	316	143	544	184	0	44	316	544
Mar 2020	6	83	332	68	489	169	0	40	281	489
Mar 2021	26	52	300	118	496	158	0	45	293	496
Mar 2022	26	73	233	137	468	81	0	48	339	468
Mar 2023	27	138	182	122	470	94	7	42	327	470
Mar 2024	27	159	130	132	447	89	3	32	323	447
Mar 2025	27	186	126	252	592	84	3	32	472	592
Mar 2026	27	212	130	143	512	82	0	32	398	512

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	41	-39	-1	1
Mar 2016	21	-162	147	6
Mar 2017	59	-52	-9	-3
Mar 2018	48	-37	-10	1
Mar 2019	2	30	-28	4
Mar 2020	-13	3	3	-7
Mar 2021	89	-8	-73	9
Mar 2022	24	50	-80	-7
Mar 2023	27	15	-35	7
Mar 2024	63	5	-74	-5
Mar 2025	54	0	-27	27
Mar 2026	-7	4	-16	-19

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	10	95	66	81	134	148	126	89	169	99	50	85
Inventory Days	102	15	197	205	229	339	277	220	152	173	85	103
Days Payable	178	93	303	230	212	210	183	201	183	207	120	92
Cash Conversion Cycle	-66	17	-41	56	150	277	220	108	138	65	15	96
Working Capital Days	-56	-69	-24	-12	60	136	102	109	117	108	23	85
ROCE %	15%	15%	13%	11%	10%	12%	4%	10%	11%	12%	17%	14%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MADHAV INFRA PROJECTS L (MADHAVIPL)?

The reported market capitalisation for MADHAV INFRA PROJECTS L (MADHAVIPL) is ₹189Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MADHAVIPL?

The current price shown for MADHAV INFRA PROJECTS L (MADHAVIPL) on Fincrux is ₹7.02 with a 52-week high/low of ₹12.3/6.51.

What is the P/E ratio of MADHAV INFRA PROJECTS L (MADHAVIPL)?

The stock P/E for MADHAV INFRA PROJECTS L (MADHAVIPL) is 8.00 on Fincrux, with ROE at 10.3% and ROCE at 14.4%.

What were MADHAVIPL latest quarterly results?

For Jun 2026, MADHAV INFRA PROJECTS L (MADHAVIPL) reported sales ₹57.35 Cr and net profit ₹4.47 Cr (figures in ₹ crore unless noted).

What are MADHAVIPL annual sales and net profit?

For TTM, MADHAV INFRA PROJECTS L (MADHAVIPL) shows sales of ₹420 Cr and net profit of ₹24 Cr on the Fincrux profit & loss statement.

Who owns MADHAV INFRA PROJECTS L (MADHAVIPL)?

Latest shareholding for MADHAV INFRA PROJECTS L (MADHAVIPL) on Fincrux: Promoters 68.81% (Sep 2026), DIIs 0.04% (Sep 2026), Public 31.14% (Sep 2026), No. of Shareholders 65,331% (Sep 2026).

Where can I find MADHAV INFRA PROJECTS L (MADHAVIPL) financials?

MADHAV INFRA PROJECTS L (MADHAVIPL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MADHAVIPL balance sheet and cash flow?

Yes. The MADHAV INFRA PROJECTS L (MADHAVIPL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 7:37