MADHUCONIndustrials

Madhucon Projects Limited

Civil Construction · ISIN INE378D01032 · BSE 531497 · NSE BE · FV ₹1
Last price
₹4
-2.76%today
What this company does

Madhucon Projects Limited operates in Civil Construction, part of the Industrials sector. It booked ₹50 cr of revenue in its latest quarter (Q1 FY27) and kept 32.9% of sales as profit.

In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 166–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
22

At close. Not part of the score.

Profitability & returns96

How much profit it earns on the money it employs

Balance sheet60

How much it owes, and whether earnings cover the interest

Cash quality50

Whether reported profit actually arrives as cash

Growth & consistency8

Whether sales and profit have grown, and how steadily

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 33% net margin
Promoters hold 59%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Sales down 55% vs last year

What if I invest in MADHUCON?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹4 -2.76%
latest close · 2026-09-17
1-year return
-18.3%
52-wk low ₹452-wk high ₹13
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio0.4Low
LowAverageHigh
EV / EBITDA54.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin32.9%Strong
ThinDecentStrong
EBITDA margin33.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover31.8×Strong
RiskyOkayStrong ▸5×
Current ratio0.39Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹29 cr
Book value
₹-255
EPS
₹2.22
latest quarter
Net debt
₹3,579 cr
owes more than its cash
Enterprise value
₹3,608 cr
EBITDA
₹66 cr
annualised
EBIT
₹64 cr
annualised
Operating margin
32.1%
Return on assets
2.1%
Earnings yield
228.87%
P/S
0.14
Sales / share
₹27.1
Tax rate
-11.1%
Face value
₹1
Shares
7.4 cr
Working capital
₹-2,103 cr
Current assets
₹1,341 cr
Current liabilities
₹3,444 cr
Delivery %
73.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹50 cr
Other Income₹6 cr
Total Income₹56 cr
Cost of Materials₹32 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹3 cr
Finance Costs₹50.5 L
Depreciation & Amortisation₹51.3 L
Other Expenses₹4 cr
Total Expenses₹40 cr
Profit before Tax₹16 cr
Tax Expense₹-2 cr
Net Profit₹17 cr
Net margin on total income30.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹32 cr55.9%
Employee benefit expense₹3 cr5.5%
Finance costs₹50.5 L0.9%
Depreciation & amortisation₹51.3 L0.9%
Other expenses₹4 cr6.9%
Profit for the period₹17 cr29.9%
Total income ₹56 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue139 cr126 cr50 cr
Total income191 cr174 cr56 cr
Expenses306 cr269 cr40 cr
Profit before tax-116 cr-95 cr16 cr
Tax35.6 L1 cr-2 cr
Net profit (owners' share)-107 cr-99 cr16 cr
Net margin (owners' share, on revenue)-76.5%-79.0%32.9%
EPS (₹)-14.45-13.462.22
YoY (latest quarter): total income -68.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹3,135 cr
Shareholder equity
₹-1,879 cr
parent shareholders
Total debt
₹3,657 cr
Cash
₹78 cr
Cash flow · H1 FY26
Operating
₹367 cr
Investing
₹-295 cr
Financing
₹-68 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.1
ex 14 Sep 2017
ActionDetailEx-date
Dividend₹0.1 / share14 Sep 2017
Dividend₹0.1 / share15 Sep 2016
Dividend₹0.1 / share22 Sep 2015
Dividend₹0.2 / share19 Sep 2014
Dividend₹0.1 / share20 Sep 2013
Dividend₹0.1 / share21 Sep 2012
Who owns it · 2026-06-30
No pledge
Promoter
59.1%
Public
40.9%
Smart-money activity
Bulk / block deals
BoughtJ P M S L A/c Copthall Mauritius Investment Ltd · NSE24.08 L @ ₹50.5523 Dec 11
SoldDEUTSCHE SECURITIES MAURITIUS LIMITED · NSE24.08 L @ ₹50.5523 Dec 11
SoldMERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB · NSE8.85 L @ ₹72.524 Aug 11
Stake changes
BoughtTulasamma Malampati · promoter→ 1.75% · 6.45 L31 Mar 23
BoughtNama Umadevi · promoter→ 1.50% · 11.07 L25 Mar 22
BoughtNama Heman · promoter→ 1.50% · 11.07 L25 Mar 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
To receive, consider and adopt Annual Accounts F.Y. ended 31st March, 2025. a) The Audited Standalone Financial Statements of the Company in IND AS format for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors’ thereon; and b) The Audited Consolidated Financial Statements of the Company in IND AS format for the financial year ended 31st March, 2025 together with the report of the Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.37 L votes for, 159 against
2
To appoint a director in place of Mr. Mohammad Shafi, (DIN: 07178265), who retires by rotation and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
3.36 L votes for, 1,395 against
3
Ratification of the appointment of Mr. Sambasiva Rao Jasty (DIN: 09526475) as an Additional Director in the capacity of Director-Finance & Accounts of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
3.37 L votes for, 189 against
4
Ratification of the appointment of Mr. Turlapati Venkata Sundara Jawaharlal Nehru (DIN: 02072398) as an “Independent Director” of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
3.36 L votes for, 1,395 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 59.1% between them · as of 2026-06-30
NAMA NAGESWAR RAO14.54%
MADHUCON GRANITES LIMITED10.90%
NAMA CHINNAMMA8.34%
NAMA INVESTMENTS LIMITED4.94%
TARUN NAMA4.17%
NAMA RUSHIKA4.05%
TULASAMMA MALLAMPATI1.75%
NAMA HEMAN1.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.