Madhav Infra Projects Ltd.
•₹ 7.310.97%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2016 • Civil Construction Contract: 99.2% • Shares Trading: 0.6% • Solar Power Generation Income: 0.1%
PROS
- Company has delivered good profit growth of 42.7% CAGR over last 5 years
- Company has delivered good sales growth of 24.6% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.15x)
- Working capital cycle has improved - days down from 107 to 69
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.1
CONS
- Contingent liabilities are large at 143.9% of net worth
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | MADHAVIPL | 7.01 | 7.22 | 188.98 | 0.00 | 6.25 | -16.45 | 88.37 | 0.94 | 15.96 | 17.48 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 124 | 98 | 88 | 151 | 68 | 87 | 147 | 308 | 88 | 107 | 54 | 254 | 88 | |
| 105 | 83 | 72 | 142 | 51 | 74 | 132 | 286 | 70 | 91 | 42 | 233 | 82 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 3 | 1 | 2 | 1 | 2 | 1 | 2 | 3 | 1 | 2 | 2 | 2 |
| Interest | 6 | 6 | 6 | 5 | 6 | 6 | 8 | 7 | 8 | 8 | 7 | 3 | 6 |
| Depreciation | 4 | 4 | 4 | 4 | 3 | 3 | 5 | 4 | 3 | 3 | 3 | 4 | 3 |
| 9 | 7 | 7 | 1 | 8 | 5 | 4 | 13 | 9 | 7 | 4 | 16 | 8 | |
| Tax % | 17.29% | 11.32% | 21.62% | -99.26% | 17.81% | 18.50% | 29.40% | 14.96% | 17.01% | 19.82% | 16.09% | 30.65% | 24.92% |
| Net Profit | 0 | 0 | 0 | 0 | 7 | 4 | 3 | 11 | 7 | 125 | -43 | 11 | 6 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | |
| Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 124
- 105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 4
- 9
- Tax %
- 17.29%
- Net Profit
- 0
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 98
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 6
- Depreciation
- 4
- 7
- Tax %
- 11.32%
- Net Profit
- 0
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 88
- 72
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 4
- 7
- Tax %
- 21.62%
- Net Profit
- 0
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 151
- 142
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 4
- 1
- Tax %
- -99.26%
- Net Profit
- 0
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 68
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 3
- 8
- Tax %
- 17.81%
- Net Profit
- 7
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 87
- 74
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 3
- 5
- Tax %
- 18.50%
- Net Profit
- 4
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 147
- 132
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 5
- 4
- Tax %
- 29.40%
- Net Profit
- 3
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 308
- 286
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 4
- 13
- Tax %
- 14.96%
- Net Profit
- 11
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 88
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 8
- Depreciation
- 3
- 9
- Tax %
- 17.01%
- Net Profit
- 7
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 107
- 91
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 3
- 7
- Tax %
- 19.82%
- Net Profit
- 125
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 54
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 3
- 4
- Tax %
- 16.09%
- Net Profit
- -43
- -0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 254
- 233
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 4
- 16
- Tax %
- 30.65%
- Net Profit
- 11
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 88
- 82
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 3
- 8
- Tax %
- 24.92%
- Net Profit
- 6
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 359 | 399 | 386 | 326 | 204 | 274 | 460 | 513 | 460 | 610 | 503 | |
| 278 | 280 | 280 | 254 | 159 | 239 | 409 | 455 | 402 | 543 | 447 | |
| Operating Profit | 83 | 123 | 119 | 75 | 74 | 38 | 54 | 86 | 64 | 73 | — |
| OPM % | 23 | 31 | 31 | 23 | 36 | 14 | 12 | 17 | 14 | 12 | — |
| Other Income | 2 | 4 | 14 | 3 | 29 | 3 | 3 | 29 | 6 | 6 | 7 |
| Interest | 40 | 54 | 59 | 39 | 34 | 32 | 28 | 25 | 24 | 28 | 23 |
| Depreciation | 29 | 55 | 52 | 30 | 24 | 21 | 16 | 13 | 16 | 15 | 13 |
| 15 | 14 | 8 | 6 | 16 | -15 | 9 | 48 | 25 | 30 | 35 | |
| Tax % | 33 | 23 | -1 | 20 | 74 | 20 | 29 | 24 | 10 | 18 | 26 |
| Net Profit | 10 | 11 | 8 | 5 | 4 | -12 | 7 | 37 | 22 | 24 | 26 |
| EPS | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 2 | 1 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -2 | -1 | 1 | -0 |
| Share of Associates | 0 | 0 | 0 | 0 | -1 | -1 | -0 | -0 | 1 | 0 | -0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 1 | — |
| Minority Interest | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -2 | -1 | 1 | -0 |
| Share of Associates | 0 | 0 | 0 | 0 | -1 | -1 | -0 | -0 | 1 | 0 | -0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 1 | — |
Mar 2016
- 359
- 278
- Operating Profit
- 83
- OPM %
- 23
- Other Income
- 2
- Interest
- 40
- Depreciation
- 29
- 15
- Tax %
- 33
- Net Profit
- 10
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 399
- 280
- Operating Profit
- 123
- OPM %
- 31
- Other Income
- 4
- Interest
- 54
- Depreciation
- 55
- 14
- Tax %
- 23
- Net Profit
- 11
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 386
- 280
- Operating Profit
- 119
- OPM %
- 31
- Other Income
- 14
- Interest
- 59
- Depreciation
- 52
- 8
- Tax %
- -1
- Net Profit
- 8
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 326
- 254
- Operating Profit
- 75
- OPM %
- 23
- Other Income
- 3
- Interest
- 39
- Depreciation
- 30
- 6
- Tax %
- 20
- Net Profit
- 5
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 204
- 159
- Operating Profit
- 74
- OPM %
- 36
- Other Income
- 29
- Interest
- 34
- Depreciation
- 24
- 16
- Tax %
- 74
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- 0
Mar 2021
- 274
- 239
- Operating Profit
- 38
- OPM %
- 14
- Other Income
- 3
- Interest
- 32
- Depreciation
- 21
- -15
- Tax %
- 20
- Net Profit
- -12
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- -1
- Adjusted EPS
- -0
- Minority Interest
- -0
- Share of Associates
- -1
- Adjusted EPS
- -0
Mar 2022
- 460
- 409
- Operating Profit
- 54
- OPM %
- 12
- Other Income
- 3
- Interest
- 28
- Depreciation
- 16
- 9
- Tax %
- 29
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- -0
- Adjusted EPS
- 0
- Minority Interest
- -0
- Share of Associates
- -0
- Adjusted EPS
- 0
Mar 2023
- 513
- 455
- Operating Profit
- 86
- OPM %
- 17
- Other Income
- 29
- Interest
- 25
- Depreciation
- 13
- 48
- Tax %
- 24
- Net Profit
- 37
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- -2
- Share of Associates
- -0
- Adjusted EPS
- 1
- Minority Interest
- -2
- Share of Associates
- -0
- Adjusted EPS
- 1
Mar 2024
- 460
- 402
- Operating Profit
- 64
- OPM %
- 14
- Other Income
- 6
- Interest
- 24
- Depreciation
- 16
- 25
- Tax %
- 10
- Net Profit
- 22
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 1
- Adjusted EPS
- 1
- Minority Interest
- -1
- Share of Associates
- 1
- Adjusted EPS
- 1
Mar 2025
- 610
- 543
- Operating Profit
- 73
- OPM %
- 12
- Other Income
- 6
- Interest
- 28
- Depreciation
- 15
- 30
- Tax %
- 18
- Net Profit
- 24
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 503
- 447
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 23
- Depreciation
- 13
- 35
- Tax %
- 26
- Net Profit
- 26
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -0
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- -0
- Share of Associates
- -0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 25%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 47%
- 3 Years:
- 61%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 10%
- 3 Years:
- 18%
- Last Year:
- 12%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 6 | 6 | 6 | 6 | 6 | 26 | 26 | 27 | 27 | 27 | |
| 59 | 73 | 68 | 70 | 84 | 53 | 58 | 140 | 162 | 186 | |
| 35 | 88 | 87 | 92 | 99 | 80 | 54 | 65 | 13 | 36 | |
| Trade Payables | 51 | 92 | 93 | 86 | 52 | 46 | 94 | 159 | 130 | 148 |
| 406 | 425 | 484 | 313 | 255 | 300 | 259 | 195 | 179 | 258 | |
| Total Liabilities | 557 | 685 | 738 | 567 | 496 | 504 | 492 | 586 | 511 | 655 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 393 | 399 | 385 | 208 | 175 | 185 | 96 | 132 | 127 | 121 | |
| Capital Work in Progress | 0 | 3 | 25 | 0 | 0 | 0 | 0 | 7 | 3 | 3 |
| 24 | 30 | 31 | 31 | 38 | 32 | 30 | 31 | 21 | 21 | |
| 9 | 59 | 82 | 92 | 84 | 68 | 104 | 95 | 96 | 98 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99 | 89 | |
| Cash & Bank | 58 | 56 | 69 | 42 | 24 | 43 | 47 | 56 | 51 | 97 |
| 73 | 138 | 147 | 194 | 175 | 178 | 216 | 265 | 114 | 226 | |
| Total Assets | 557 | 685 | 738 | 567 | 496 | 504 | 492 | 586 | 511 | 655 |
| Total Debt | 381 | 434 | 470 | 293 | 284 | 252 | 217 | 207 | 159 | 160 |
| Net Working Capital | 18 | 41 | 50 | 88 | 98 | 109 | 183 | 131 | 151 | 131 |
| Contingent Liabilities | 337 | 413 | 411 | 405 | 373 | 425 | 321 | 232 | 200 | 306 |
| Book Value per Share | 101.72 | 123.85 | 116.21 | 118.50 | 141.23 | 3.06 | 3.28 | 6.18 | 6.99 | 7.89 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 381 | 434 | 470 | 293 | 284 | 252 | 217 | 207 | 159 | 160 |
| Net Working Capital | 18 | 41 | 50 | 88 | 98 | 109 | 183 | 131 | 151 | 131 |
| Contingent Liabilities | 337 | 413 | 411 | 405 | 373 | 425 | 321 | 232 | 200 | 306 |
| Book Value per Share | 101.72 | 123.85 | 116.21 | 118.50 | 141.23 | 3.06 | 3.28 | 6.18 | 6.99 | 7.89 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- 6
- 59
- 35
- Trade Payables
- 51
- 406
- Total Liabilities
- 557
- 393
- Capital Work in Progress
- 0
- 24
- 9
- 0
- Cash & Bank
- 58
- 73
- Total Assets
- 557
- Total Debt
- 381
- Net Working Capital
- 18
- Contingent Liabilities
- 337
- Book Value per Share
- 101.72
- Face Value
- 10.00
- Total Debt
- 381
- Net Working Capital
- 18
- Contingent Liabilities
- 337
- Book Value per Share
- 101.72
- Face Value
- 10.00
Mar 2017
- 6
- 73
- 88
- Trade Payables
- 92
- 425
- Total Liabilities
- 685
- 399
- Capital Work in Progress
- 3
- 30
- 59
- 0
- Cash & Bank
- 56
- 138
- Total Assets
- 685
- Total Debt
- 434
- Net Working Capital
- 41
- Contingent Liabilities
- 413
- Book Value per Share
- 123.85
- Face Value
- 10.00
- Total Debt
- 434
- Net Working Capital
- 41
- Contingent Liabilities
- 413
- Book Value per Share
- 123.85
- Face Value
- 10.00
Mar 2018
- 6
- 68
- 87
- Trade Payables
- 93
- 484
- Total Liabilities
- 738
- 385
- Capital Work in Progress
- 25
- 31
- 82
- 0
- Cash & Bank
- 69
- 147
- Total Assets
- 738
- Total Debt
- 470
- Net Working Capital
- 50
- Contingent Liabilities
- 411
- Book Value per Share
- 116.21
- Face Value
- 10.00
- Total Debt
- 470
- Net Working Capital
- 50
- Contingent Liabilities
- 411
- Book Value per Share
- 116.21
- Face Value
- 10.00
Mar 2019
- 6
- 70
- 92
- Trade Payables
- 86
- 313
- Total Liabilities
- 567
- 208
- Capital Work in Progress
- 0
- 31
- 92
- 0
- Cash & Bank
- 42
- 194
- Total Assets
- 567
- Total Debt
- 293
- Net Working Capital
- 88
- Contingent Liabilities
- 405
- Book Value per Share
- 118.50
- Face Value
- 10.00
- Total Debt
- 293
- Net Working Capital
- 88
- Contingent Liabilities
- 405
- Book Value per Share
- 118.50
- Face Value
- 10.00
Mar 2020
- 6
- 84
- 99
- Trade Payables
- 52
- 255
- Total Liabilities
- 496
- 175
- Capital Work in Progress
- 0
- 38
- 84
- 0
- Cash & Bank
- 24
- 175
- Total Assets
- 496
- Total Debt
- 284
- Net Working Capital
- 98
- Contingent Liabilities
- 373
- Book Value per Share
- 141.23
- Face Value
- 10.00
- Total Debt
- 284
- Net Working Capital
- 98
- Contingent Liabilities
- 373
- Book Value per Share
- 141.23
- Face Value
- 10.00
Mar 2021
- 26
- 53
- 80
- Trade Payables
- 46
- 300
- Total Liabilities
- 504
- 185
- Capital Work in Progress
- 0
- 32
- 68
- 0
- Cash & Bank
- 43
- 178
- Total Assets
- 504
- Total Debt
- 252
- Net Working Capital
- 109
- Contingent Liabilities
- 425
- Book Value per Share
- 3.06
- Face Value
- 1.00
- Total Debt
- 252
- Net Working Capital
- 109
- Contingent Liabilities
- 425
- Book Value per Share
- 3.06
- Face Value
- 1.00
Mar 2022
- 26
- 58
- 54
- Trade Payables
- 94
- 259
- Total Liabilities
- 492
- 96
- Capital Work in Progress
- 0
- 30
- 104
- 0
- Cash & Bank
- 47
- 216
- Total Assets
- 492
- Total Debt
- 217
- Net Working Capital
- 183
- Contingent Liabilities
- 321
- Book Value per Share
- 3.28
- Face Value
- 1.00
- Total Debt
- 217
- Net Working Capital
- 183
- Contingent Liabilities
- 321
- Book Value per Share
- 3.28
- Face Value
- 1.00
Mar 2023
- 27
- 140
- 65
- Trade Payables
- 159
- 195
- Total Liabilities
- 586
- 132
- Capital Work in Progress
- 7
- 31
- 95
- 0
- Cash & Bank
- 56
- 265
- Total Assets
- 586
- Total Debt
- 207
- Net Working Capital
- 131
- Contingent Liabilities
- 232
- Book Value per Share
- 6.18
- Face Value
- 1.00
- Total Debt
- 207
- Net Working Capital
- 131
- Contingent Liabilities
- 232
- Book Value per Share
- 6.18
- Face Value
- 1.00
Mar 2024
- 27
- 162
- 13
- Trade Payables
- 130
- 179
- Total Liabilities
- 511
- 127
- Capital Work in Progress
- 3
- 21
- 96
- 99
- Cash & Bank
- 51
- 114
- Total Assets
- 511
- Total Debt
- 159
- Net Working Capital
- 151
- Contingent Liabilities
- 200
- Book Value per Share
- 6.99
- Face Value
- 1.00
- Total Debt
- 159
- Net Working Capital
- 151
- Contingent Liabilities
- 200
- Book Value per Share
- 6.99
- Face Value
- 1.00
Mar 2025
- 27
- 186
- 36
- Trade Payables
- 148
- 258
- Total Liabilities
- 655
- 121
- Capital Work in Progress
- 3
- 21
- 98
- 89
- Cash & Bank
- 97
- 226
- Total Assets
- 655
- Total Debt
- 160
- Net Working Capital
- 131
- Contingent Liabilities
- 306
- Book Value per Share
- 7.89
- Face Value
- 1.00
- Total Debt
- 160
- Net Working Capital
- 131
- Contingent Liabilities
- 306
- Book Value per Share
- 7.89
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 102 | 79 | 101 | 29 | -2 | 100 | -8 | 73 | 65 | 124 | |
| Cash from Investing | -277 | -79 | -66 | 209 | 4 | -42 | 66 | -18 | -4 | -106 |
| Cash from Financing | 186 | -2 | -21 | -265 | -20 | -73 | -64 | -33 | -79 | 5 |
| 11 | -2 | 13 | -27 | -18 | -14 | -6 | 22 | -17 | 23 | |
| Free Cash Flow | -252 | 67 | 31 | 29 | -2 | 70 | -8 | 22 | 59 | 123 |
| OCF / Net Profit | 10.38 | 7.18 | 12.37 | 5.75 | -0.47 | -8.38 | -1.19 | 2.01 | 2.91 | 5.07 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -127 | 195 | 120 | 111 | 142 | 267 |
| OCF / Net Profit | 10.38 | 7.18 | 12.37 | 5.75 | -0.47 | -8.38 | -1.19 | 2.01 | 2.91 | 5.07 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -127 | 195 | 120 | 111 | 142 | 267 |
Mar 2016
- 102
- Cash from Investing
- -277
- Cash from Financing
- 186
- 11
- Free Cash Flow
- -252
- OCF / Net Profit
- 10.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 10.38
- Cumulative 5-Year FCF
- 0
Mar 2017
- 79
- Cash from Investing
- -79
- Cash from Financing
- -2
- -2
- Free Cash Flow
- 67
- OCF / Net Profit
- 7.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.18
- Cumulative 5-Year FCF
- 0
Mar 2018
- 101
- Cash from Investing
- -66
- Cash from Financing
- -21
- 13
- Free Cash Flow
- 31
- OCF / Net Profit
- 12.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 12.37
- Cumulative 5-Year FCF
- 0
Mar 2019
- 29
- Cash from Investing
- 209
- Cash from Financing
- -265
- -27
- Free Cash Flow
- 29
- OCF / Net Profit
- 5.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.75
- Cumulative 5-Year FCF
- 0
Mar 2020
- -2
- Cash from Investing
- 4
- Cash from Financing
- -20
- -18
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- -127
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- -127
Mar 2021
- 100
- Cash from Investing
- -42
- Cash from Financing
- -73
- -14
- Free Cash Flow
- 70
- OCF / Net Profit
- -8.38
- Cumulative 5-Year FCF
- 195
- OCF / Net Profit
- -8.38
- Cumulative 5-Year FCF
- 195
Mar 2022
- -8
- Cash from Investing
- 66
- Cash from Financing
- -64
- -6
- Free Cash Flow
- -8
- OCF / Net Profit
- -1.19
- Cumulative 5-Year FCF
- 120
- OCF / Net Profit
- -1.19
- Cumulative 5-Year FCF
- 120
Mar 2023
- 73
- Cash from Investing
- -18
- Cash from Financing
- -33
- 22
- Free Cash Flow
- 22
- OCF / Net Profit
- 2.01
- Cumulative 5-Year FCF
- 111
- OCF / Net Profit
- 2.01
- Cumulative 5-Year FCF
- 111
Mar 2024
- 65
- Cash from Investing
- -4
- Cash from Financing
- -79
- -17
- Free Cash Flow
- 59
- OCF / Net Profit
- 2.91
- Cumulative 5-Year FCF
- 142
- OCF / Net Profit
- 2.91
- Cumulative 5-Year FCF
- 142
Mar 2025
- 124
- Cash from Investing
- -106
- Cash from Financing
- 5
- 23
- Free Cash Flow
- 123
- OCF / Net Profit
- 5.07
- Cumulative 5-Year FCF
- 267
- OCF / Net Profit
- 5.07
- Cumulative 5-Year FCF
- 267
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 15.25 | 16.73 | 12.17 | 8.02 | 5.81 | -0.49 | 0.24 | 1.26 | 0.80 | 0.96 |
| Book Value (₹) | 101.72 | 123.85 | 116.21 | 118.50 | 141.23 | 3.06 | 3.28 | 6.18 | 6.99 | 7.89 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.50 | 2.56 | 2.35 | 1.36 | 1.09 | 0.35 | 0.88 | 1.85 | 1.41 | 1.47 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 23.10% | 30.88% | 29.56% | 21.50% | 34.40% | 13.29% | 10.58% | 15.40% | 11.33% | 9.65% |
| Net Margin % | 2.73% | 2.74% | 2.01% | 1.46% | 1.93% | -4.16% | 1.32% | 6.52% | 4.31% | 3.53% |
| ROE % | 16.21% | 15.15% | 10.58% | 6.75% | 4.97% | -14.17% | 8.25% | 29.19% | 12.50% | 12.20% |
| ROCE % | 15.78% | 13.20% | 11.70% | 8.89% | 11.78% | 4.27% | 10.33% | 20.18% | 13.48% | 15.96% |
| 2.14% | 1.76% | 1.14% | 0.78% | 0.78% | -2.39% | 1.34% | 6.79% | 4.05% | 4.20% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 29 | 49 | 57 | 94 | 164 | 106 | 71 | 90 | 93 | 49 |
| Inventory Days | 29 | 31 | 64 | 91 | 150 | 96 | 62 | 65 | 68 | 51 |
| Payable Days | 126 | 229 | 227 | 212 | 280 | 198 | 151 | 222 | 247 | 122 |
| -68 | -148 | -106 | -27 | 34 | 4 | -18 | -67 | -85 | -21 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 3.81x | 3.49x | 3.74x | 2.30x | 2.00x | 1.94x | 1.78x | 1.24x | 0.84x | 0.75x |
| Interest Coverage (x) | 1.37x | 1.26x | 1.14x | 1.16x | 1.46x | 0.53x | 1.33x | 2.90x | 2.04x | 2.08x |
| 1.13x | 1.21x | 1.22x | 1.41x | 1.62x | 1.69x | 2.10x | 1.52x | 1.81x | 1.39x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 25.20% | 11.22% | -3.33% | -15.59% | -37.51% | 34.57% | 67.96% | 11.44% | -10.20% | 32.55% |
| Operating Profit Growth % | 144.80% | 48.70% | -3.11% | -37.33% | -1.52% | -48.09% | 40.23% | 61.09% | -25.42% | 12.93% |
| Net Profit Growth % | 13.51% | 11.88% | -25.69% | -37.61% | -18.56% | -389.72% | 155.95% | 446.05% | -39.34% | 10.30% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -36.08% | 19.28% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.20x | 11.37x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.52x | 1.38x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.12x | 4.91x |
Mar 2016
- EPS (₹)
- 15.25
- Book Value (₹)
- 101.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.50
- Operating Margin %
- 23.10%
- Net Margin %
- 2.73%
- ROE %
- 16.21%
- ROCE %
- 15.78%
- 2.14%
- Debtor Days
- 29
- Inventory Days
- 29
- Payable Days
- 126
- -68
- Debt to Equity (x)
- 3.81x
- Interest Coverage (x)
- 1.37x
- 1.13x
- Revenue Growth %
- 25.20%
- Operating Profit Growth %
- 144.80%
- Net Profit Growth %
- 13.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 16.73
- Book Value (₹)
- 123.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.56
- Operating Margin %
- 30.88%
- Net Margin %
- 2.74%
- ROE %
- 15.15%
- ROCE %
- 13.20%
- 1.76%
- Debtor Days
- 49
- Inventory Days
- 31
- Payable Days
- 229
- -148
- Debt to Equity (x)
- 3.49x
- Interest Coverage (x)
- 1.26x
- 1.21x
- Revenue Growth %
- 11.22%
- Operating Profit Growth %
- 48.70%
- Net Profit Growth %
- 11.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 12.17
- Book Value (₹)
- 116.21
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.35
- Operating Margin %
- 29.56%
- Net Margin %
- 2.01%
- ROE %
- 10.58%
- ROCE %
- 11.70%
- 1.14%
- Debtor Days
- 57
- Inventory Days
- 64
- Payable Days
- 227
- -106
- Debt to Equity (x)
- 3.74x
- Interest Coverage (x)
- 1.14x
- 1.22x
- Revenue Growth %
- -3.33%
- Operating Profit Growth %
- -3.11%
- Net Profit Growth %
- -25.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.02
- Book Value (₹)
- 118.50
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.36
- Operating Margin %
- 21.50%
- Net Margin %
- 1.46%
- ROE %
- 6.75%
- ROCE %
- 8.89%
- 0.78%
- Debtor Days
- 94
- Inventory Days
- 91
- Payable Days
- 212
- -27
- Debt to Equity (x)
- 2.30x
- Interest Coverage (x)
- 1.16x
- 1.41x
- Revenue Growth %
- -15.59%
- Operating Profit Growth %
- -37.33%
- Net Profit Growth %
- -37.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 5.81
- Book Value (₹)
- 141.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.09
- Operating Margin %
- 34.40%
- Net Margin %
- 1.93%
- ROE %
- 4.97%
- ROCE %
- 11.78%
- 0.78%
- Debtor Days
- 164
- Inventory Days
- 150
- Payable Days
- 280
- 34
- Debt to Equity (x)
- 2.00x
- Interest Coverage (x)
- 1.46x
- 1.62x
- Revenue Growth %
- -37.51%
- Operating Profit Growth %
- -1.52%
- Net Profit Growth %
- -18.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.49
- Book Value (₹)
- 3.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.35
- Operating Margin %
- 13.29%
- Net Margin %
- -4.16%
- ROE %
- -14.17%
- ROCE %
- 4.27%
- -2.39%
- Debtor Days
- 106
- Inventory Days
- 96
- Payable Days
- 198
- 4
- Debt to Equity (x)
- 1.94x
- Interest Coverage (x)
- 0.53x
- 1.69x
- Revenue Growth %
- 34.57%
- Operating Profit Growth %
- -48.09%
- Net Profit Growth %
- -389.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.24
- Book Value (₹)
- 3.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.88
- Operating Margin %
- 10.58%
- Net Margin %
- 1.32%
- ROE %
- 8.25%
- ROCE %
- 10.33%
- 1.34%
- Debtor Days
- 71
- Inventory Days
- 62
- Payable Days
- 151
- -18
- Debt to Equity (x)
- 1.78x
- Interest Coverage (x)
- 1.33x
- 2.10x
- Revenue Growth %
- 67.96%
- Operating Profit Growth %
- 40.23%
- Net Profit Growth %
- 155.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 1.26
- Book Value (₹)
- 6.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.85
- Operating Margin %
- 15.40%
- Net Margin %
- 6.52%
- ROE %
- 29.19%
- ROCE %
- 20.18%
- 6.79%
- Debtor Days
- 90
- Inventory Days
- 65
- Payable Days
- 222
- -67
- Debt to Equity (x)
- 1.24x
- Interest Coverage (x)
- 2.90x
- 1.52x
- Revenue Growth %
- 11.44%
- Operating Profit Growth %
- 61.09%
- Net Profit Growth %
- 446.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.80
- Book Value (₹)
- 6.99
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.41
- Operating Margin %
- 11.33%
- Net Margin %
- 4.31%
- ROE %
- 12.50%
- ROCE %
- 13.48%
- 4.05%
- Debtor Days
- 93
- Inventory Days
- 68
- Payable Days
- 247
- -85
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 2.04x
- 1.81x
- Revenue Growth %
- -10.20%
- Operating Profit Growth %
- -25.42%
- Net Profit Growth %
- -39.34%
- -36.08%
- P/E (x)
- 13.20x
- P/B (x)
- 1.52x
- Dividend Yield %
- 0.00%
- 6.12x
Mar 2025
- EPS (₹)
- 0.96
- Book Value (₹)
- 7.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.47
- Operating Margin %
- 9.65%
- Net Margin %
- 3.53%
- ROE %
- 12.20%
- ROCE %
- 15.96%
- 4.20%
- Debtor Days
- 49
- Inventory Days
- 51
- Payable Days
- 122
- -21
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 2.08x
- 1.39x
- Revenue Growth %
- 32.55%
- Operating Profit Growth %
- 12.93%
- Net Profit Growth %
- 10.30%
- 19.28%
- P/E (x)
- 11.37x
- P/B (x)
- 1.38x
- Dividend Yield %
- 0.00%
- 4.91x
Documents
Announcements
Nothing filed yet.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.