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 42.5% CAGR over last 5 years
- Company has delivered good sales growth of 23.4% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.50x)
- Working capital cycle has improved - days down from 130 to 71
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.2
CONS
- Recent results are weak - TTM profit is down 35.5% versus prior year
- Contingent liabilities are large at 152.5% of net worth
* 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 | 4072.00 | 33.77 | 560252.67 | 0.93 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 228.45 | 52.95 | 47632.28 | 0.31 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| 3. | KPIL | 1388.45 | 20.86 | 23710.91 | 0.79 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.94 | 23.98 | 22875.73 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1274.95 | 36.41 | 21902.06 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 237.05 | 16.99 | 13323.21 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | IRCON | 126.55 | 22.73 | 11902.23 | 1.50 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 8. | TECHNOE | 986.05 | 26.60 | 11467.72 | 0.71 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 9. | KEC | 424.75 | 20.42 | 11306.84 | 1.29 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 280.00 | 71.17 | 10297.97 | 0.71 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| 11. | WAAREERTL | 881.00 | 18.10 | 9195.81 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | MADHAVIPL | 7.20 | 7.41 | 194.10 | 0.00 | 6.25 | -16.45 | 88.37 | 0.94 | 15.96 | 17.48 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 89 | 81 | 127 | 58 | 88 | 129 | 298 | 84 | 104 | 51 | 208 | 57 | |
| 44 | 80 | 70 | 118 | 44 | 75 | 116 | 278 | 70 | 90 | 41 | 192 | 53 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 3 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 1 | 1 | 2 | 1 |
| Interest | 6 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 6 | -0 | 4 |
| Depreciation | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 10 | 4 | 4 | 2 | 7 | 7 | 5 | 13 | 8 | 7 | 4 | 15 | 6 | |
| Tax % | 15.64% | 15.56% | 40.00% | -88.57% | 16.69% | 16.76% | 21.95% | 13.65% | 17.77% | 17.07% | 17.55% | 32.36% | 24.48% |
| Net Profit | 8 | 3 | 2 | 5 | 6 | 6 | 4 | 11 | 7 | 6 | 3 | 10 | 4 |
| 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
- 62
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 3
- 10
- Tax %
- 15.64%
- Net Profit
- 8
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 89
- 80
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 3
- 4
- Tax %
- 15.56%
- Net Profit
- 3
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 81
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 3
- 4
- Tax %
- 40.00%
- Net Profit
- 2
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 127
- 118
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 3
- 2
- Tax %
- -88.57%
- Net Profit
- 5
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 58
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 2
- 7
- Tax %
- 16.69%
- Net Profit
- 6
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 88
- 75
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 2
- 7
- Tax %
- 16.76%
- Net Profit
- 6
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 129
- 116
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 2
- 5
- Tax %
- 21.95%
- Net Profit
- 4
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 298
- 278
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 2
- 13
- Tax %
- 13.65%
- Net Profit
- 11
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 84
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 7
- Depreciation
- 2
- 8
- Tax %
- 17.77%
- Net Profit
- 7
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 104
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 2
- 7
- Tax %
- 17.07%
- Net Profit
- 6
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 51
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 2
- 4
- Tax %
- 17.55%
- Net Profit
- 3
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 208
- 192
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- -0
- Depreciation
- 2
- 15
- Tax %
- 32.36%
- Net Profit
- 10
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 57
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 4
- Depreciation
- 2
- 6
- Tax %
- 24.48%
- Net Profit
- 4
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 306 | 335 | 307 | 299 | 200 | 270 | 387 | 322 | 358 | 572 | 420 | |
| 267 | 261 | 250 | 238 | 156 | 236 | 337 | 276 | 311 | 512 | 375 | |
| Operating Profit | 41 | 77 | 69 | 65 | 73 | 37 | 52 | 75 | 52 | 65 | — |
| OPM % | 13 | 23 | 22 | 22 | 37 | 14 | 14 | 23 | 14 | 11 | — |
| Other Income | 2 | 3 | 12 | 3 | 29 | 3 | 2 | 29 | 5 | 6 | 6 |
| Interest | 18 | 33 | 36 | 35 | 34 | 32 | 27 | 22 | 21 | 24 | 17 |
| Depreciation | 9 | 34 | 27 | 26 | 23 | 20 | 15 | 11 | 11 | 9 | 9 |
| 14 | 10 | 6 | 4 | 16 | -15 | 10 | 42 | 20 | 32 | 32 | |
| Tax % | 34 | 23 | -8 | 19 | 72 | 21 | 28 | 23 | 7 | 16 | 26 |
| Net Profit | 9 | 8 | 7 | 3 | 5 | -12 | 7 | 32 | 19 | 27 | 24 |
| 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 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 1 | — |
Mar 2016
- 306
- 267
- Operating Profit
- 41
- OPM %
- 13
- Other Income
- 2
- Interest
- 18
- Depreciation
- 9
- 14
- Tax %
- 34
- Net Profit
- 9
- 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
- 335
- 261
- Operating Profit
- 77
- OPM %
- 23
- Other Income
- 3
- Interest
- 33
- Depreciation
- 34
- 10
- Tax %
- 23
- 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 2018
- 307
- 250
- Operating Profit
- 69
- OPM %
- 22
- Other Income
- 12
- Interest
- 36
- Depreciation
- 27
- 6
- Tax %
- -8
- 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 2019
- 299
- 238
- Operating Profit
- 65
- OPM %
- 22
- Other Income
- 3
- Interest
- 35
- Depreciation
- 26
- 4
- Tax %
- 19
- Net Profit
- 3
- 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
- 200
- 156
- Operating Profit
- 73
- OPM %
- 37
- Other Income
- 29
- Interest
- 34
- Depreciation
- 23
- 16
- Tax %
- 72
- 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 2021
- 270
- 236
- Operating Profit
- 37
- OPM %
- 14
- Other Income
- 3
- Interest
- 32
- Depreciation
- 20
- -15
- Tax %
- 21
- Net Profit
- -12
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 387
- 337
- Operating Profit
- 52
- OPM %
- 14
- Other Income
- 2
- Interest
- 27
- Depreciation
- 15
- 10
- Tax %
- 28
- 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
- 322
- 276
- Operating Profit
- 75
- OPM %
- 23
- Other Income
- 29
- Interest
- 22
- Depreciation
- 11
- 42
- Tax %
- 23
- Net Profit
- 32
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 358
- 311
- Operating Profit
- 52
- OPM %
- 14
- Other Income
- 5
- Interest
- 21
- Depreciation
- 11
- 20
- Tax %
- 7
- Net Profit
- 19
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 572
- 512
- Operating Profit
- 65
- OPM %
- 11
- Other Income
- 6
- Interest
- 24
- Depreciation
- 9
- 32
- Tax %
- 16
- Net Profit
- 27
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 420
- 375
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 17
- Depreciation
- 9
- 32
- Tax %
- 26
- Net Profit
- 24
- 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:
- 23%
- 3 Years:
- 14%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 42%
- 3 Years:
- 54%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 9%
- 3 Years:
- 17%
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
| 57 | 69 | 75 | 79 | 83 | 52 | 59 | 138 | 159 | 186 | |
| 50 | 66 | 68 | 87 | 98 | 79 | 55 | 64 | 13 | 36 | |
| Trade Payables | 51 | 91 | 91 | 85 | 52 | 45 | 94 | 94 | 114 | 137 |
| 209 | 249 | 279 | 285 | 250 | 292 | 234 | 152 | 138 | 215 | |
| Total Liabilities | 373 | 481 | 520 | 543 | 489 | 493 | 469 | 476 | 451 | 600 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 163 | 183 | 167 | 184 | 169 | 158 | 81 | 94 | 89 | 84 | |
| Capital Work in Progress | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 7 | 3 | 3 |
| 87 | 72 | 82 | 44 | 40 | 45 | 48 | 42 | 32 | 32 | |
| 8 | 59 | 81 | 92 | 83 | 67 | 103 | 78 | 95 | 98 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 97 | 78 | |
| Cash & Bank | 44 | 46 | 41 | 38 | 24 | 41 | 45 | 35 | 40 | 92 |
| 70 | 121 | 124 | 185 | 174 | 183 | 192 | 219 | 94 | 213 | |
| Total Assets | 373 | 481 | 520 | 543 | 489 | 493 | 469 | 476 | 451 | 600 |
| Total Debt | 201 | 234 | 254 | 265 | 281 | 249 | 195 | 182 | 129 | 126 |
| Net Working Capital | 18 | 24 | 32 | 88 | 98 | 117 | 160 | 138 | 146 | 128 |
| Contingent Liabilities | 337 | 413 | 411 | 405 | 373 | 378 | 321 | 232 | 199 | 325 |
| Book Value per Share | 99.42 | 117.02 | 127.67 | 132.77 | 139.95 | 3.03 | 3.32 | 6.13 | 6.90 | 7.90 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 201 | 234 | 254 | 265 | 281 | 249 | 195 | 182 | 129 | 126 |
| Net Working Capital | 18 | 24 | 32 | 88 | 98 | 117 | 160 | 138 | 146 | 128 |
| Contingent Liabilities | 337 | 413 | 411 | 405 | 373 | 378 | 321 | 232 | 199 | 325 |
| Book Value per Share | 99.42 | 117.02 | 127.67 | 132.77 | 139.95 | 3.03 | 3.32 | 6.13 | 6.90 | 7.90 |
| 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
- 57
- 50
- Trade Payables
- 51
- 209
- Total Liabilities
- 373
- 163
- Capital Work in Progress
- 0
- 87
- 8
- 0
- Cash & Bank
- 44
- 70
- Total Assets
- 373
- Total Debt
- 201
- Net Working Capital
- 18
- Contingent Liabilities
- 337
- Book Value per Share
- 99.42
- Face Value
- 10.00
- Total Debt
- 201
- Net Working Capital
- 18
- Contingent Liabilities
- 337
- Book Value per Share
- 99.42
- Face Value
- 10.00
Mar 2017
- 6
- 69
- 66
- Trade Payables
- 91
- 249
- Total Liabilities
- 481
- 183
- Capital Work in Progress
- 0
- 72
- 59
- 0
- Cash & Bank
- 46
- 121
- Total Assets
- 481
- Total Debt
- 234
- Net Working Capital
- 24
- Contingent Liabilities
- 413
- Book Value per Share
- 117.02
- Face Value
- 10.00
- Total Debt
- 234
- Net Working Capital
- 24
- Contingent Liabilities
- 413
- Book Value per Share
- 117.02
- Face Value
- 10.00
Mar 2018
- 6
- 75
- 68
- Trade Payables
- 91
- 279
- Total Liabilities
- 520
- 167
- Capital Work in Progress
- 25
- 82
- 81
- 0
- Cash & Bank
- 41
- 124
- Total Assets
- 520
- Total Debt
- 254
- Net Working Capital
- 32
- Contingent Liabilities
- 411
- Book Value per Share
- 127.67
- Face Value
- 10.00
- Total Debt
- 254
- Net Working Capital
- 32
- Contingent Liabilities
- 411
- Book Value per Share
- 127.67
- Face Value
- 10.00
Mar 2019
- 6
- 79
- 87
- Trade Payables
- 85
- 285
- Total Liabilities
- 543
- 184
- Capital Work in Progress
- 0
- 44
- 92
- 0
- Cash & Bank
- 38
- 185
- Total Assets
- 543
- Total Debt
- 265
- Net Working Capital
- 88
- Contingent Liabilities
- 405
- Book Value per Share
- 132.77
- Face Value
- 10.00
- Total Debt
- 265
- Net Working Capital
- 88
- Contingent Liabilities
- 405
- Book Value per Share
- 132.77
- Face Value
- 10.00
Mar 2020
- 6
- 83
- 98
- Trade Payables
- 52
- 250
- Total Liabilities
- 489
- 169
- Capital Work in Progress
- 0
- 40
- 83
- 0
- Cash & Bank
- 24
- 174
- Total Assets
- 489
- Total Debt
- 281
- Net Working Capital
- 98
- Contingent Liabilities
- 373
- Book Value per Share
- 139.95
- Face Value
- 10.00
- Total Debt
- 281
- Net Working Capital
- 98
- Contingent Liabilities
- 373
- Book Value per Share
- 139.95
- Face Value
- 10.00
Mar 2021
- 26
- 52
- 79
- Trade Payables
- 45
- 292
- Total Liabilities
- 493
- 158
- Capital Work in Progress
- 0
- 45
- 67
- 0
- Cash & Bank
- 41
- 183
- Total Assets
- 493
- Total Debt
- 249
- Net Working Capital
- 117
- Contingent Liabilities
- 378
- Book Value per Share
- 3.03
- Face Value
- 1.00
- Total Debt
- 249
- Net Working Capital
- 117
- Contingent Liabilities
- 378
- Book Value per Share
- 3.03
- Face Value
- 1.00
Mar 2022
- 26
- 59
- 55
- Trade Payables
- 94
- 234
- Total Liabilities
- 469
- 81
- Capital Work in Progress
- 0
- 48
- 103
- 0
- Cash & Bank
- 45
- 192
- Total Assets
- 469
- Total Debt
- 195
- Net Working Capital
- 160
- Contingent Liabilities
- 321
- Book Value per Share
- 3.32
- Face Value
- 1.00
- Total Debt
- 195
- Net Working Capital
- 160
- Contingent Liabilities
- 321
- Book Value per Share
- 3.32
- Face Value
- 1.00
Mar 2023
- 27
- 138
- 64
- Trade Payables
- 94
- 152
- Total Liabilities
- 476
- 94
- Capital Work in Progress
- 7
- 42
- 78
- 0
- Cash & Bank
- 35
- 219
- Total Assets
- 476
- Total Debt
- 182
- Net Working Capital
- 138
- Contingent Liabilities
- 232
- Book Value per Share
- 6.13
- Face Value
- 1.00
- Total Debt
- 182
- Net Working Capital
- 138
- Contingent Liabilities
- 232
- Book Value per Share
- 6.13
- Face Value
- 1.00
Mar 2024
- 27
- 159
- 13
- Trade Payables
- 114
- 138
- Total Liabilities
- 451
- 89
- Capital Work in Progress
- 3
- 32
- 95
- 97
- Cash & Bank
- 40
- 94
- Total Assets
- 451
- Total Debt
- 129
- Net Working Capital
- 146
- Contingent Liabilities
- 199
- Book Value per Share
- 6.90
- Face Value
- 1.00
- Total Debt
- 129
- Net Working Capital
- 146
- Contingent Liabilities
- 199
- Book Value per Share
- 6.90
- Face Value
- 1.00
Mar 2025
- 27
- 186
- 36
- Trade Payables
- 137
- 215
- Total Liabilities
- 600
- 84
- Capital Work in Progress
- 3
- 32
- 98
- 78
- Cash & Bank
- 92
- 213
- Total Assets
- 600
- Total Debt
- 126
- Net Working Capital
- 128
- Contingent Liabilities
- 325
- Book Value per Share
- 7.90
- Face Value
- 1.00
- Total Debt
- 126
- Net Working Capital
- 128
- Contingent Liabilities
- 325
- Book Value per Share
- 7.90
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 59 | 48 | 2 | -13 | 89 | 24 | 27 | 63 | 105 | |
| Cash from Investing | -162 | -52 | -37 | 30 | 3 | -8 | 50 | 15 | 5 | -51 |
| Cash from Financing | 147 | -9 | -10 | -28 | 3 | -73 | -80 | -35 | -74 | -27 |
| 6 | -3 | 1 | 4 | -7 | 9 | -7 | 7 | -5 | 27 | |
| Free Cash Flow | -108 | 30 | -13 | -15 | -13 | 81 | 24 | 1 | 63 | 105 |
| OCF / Net Profit | 2.33 | 7.56 | 6.80 | 0.52 | -2.83 | -7.42 | 3.24 | 0.83 | 3.39 | 3.88 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -119 | 70 | 64 | 77 | 156 | 274 |
| OCF / Net Profit | 2.33 | 7.56 | 6.80 | 0.52 | -2.83 | -7.42 | 3.24 | 0.83 | 3.39 | 3.88 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -119 | 70 | 64 | 77 | 156 | 274 |
Mar 2016
- 21
- Cash from Investing
- -162
- Cash from Financing
- 147
- 6
- Free Cash Flow
- -108
- OCF / Net Profit
- 2.33
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.33
- Cumulative 5-Year FCF
- 0
Mar 2017
- 59
- Cash from Investing
- -52
- Cash from Financing
- -9
- -3
- Free Cash Flow
- 30
- OCF / Net Profit
- 7.56
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.56
- Cumulative 5-Year FCF
- 0
Mar 2018
- 48
- Cash from Investing
- -37
- Cash from Financing
- -10
- 1
- Free Cash Flow
- -13
- OCF / Net Profit
- 6.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 6.80
- Cumulative 5-Year FCF
- 0
Mar 2019
- 2
- Cash from Investing
- 30
- Cash from Financing
- -28
- 4
- Free Cash Flow
- -15
- OCF / Net Profit
- 0.52
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.52
- Cumulative 5-Year FCF
- 0
Mar 2020
- -13
- Cash from Investing
- 3
- Cash from Financing
- 3
- -7
- Free Cash Flow
- -13
- OCF / Net Profit
- -2.83
- Cumulative 5-Year FCF
- -119
- OCF / Net Profit
- -2.83
- Cumulative 5-Year FCF
- -119
Mar 2021
- 89
- Cash from Investing
- -8
- Cash from Financing
- -73
- 9
- Free Cash Flow
- 81
- OCF / Net Profit
- -7.42
- Cumulative 5-Year FCF
- 70
- OCF / Net Profit
- -7.42
- Cumulative 5-Year FCF
- 70
Mar 2022
- 24
- Cash from Investing
- 50
- Cash from Financing
- -80
- -7
- Free Cash Flow
- 24
- OCF / Net Profit
- 3.24
- Cumulative 5-Year FCF
- 64
- OCF / Net Profit
- 3.24
- Cumulative 5-Year FCF
- 64
Mar 2023
- 27
- Cash from Investing
- 15
- Cash from Financing
- -35
- 7
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 77
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 77
Mar 2024
- 63
- Cash from Investing
- 5
- Cash from Financing
- -74
- -5
- Free Cash Flow
- 63
- OCF / Net Profit
- 3.39
- Cumulative 5-Year FCF
- 156
- OCF / Net Profit
- 3.39
- Cumulative 5-Year FCF
- 156
Mar 2025
- 105
- Cash from Investing
- -51
- Cash from Financing
- -27
- 27
- Free Cash Flow
- 105
- OCF / Net Profit
- 3.88
- Cumulative 5-Year FCF
- 274
- OCF / Net Profit
- 3.88
- Cumulative 5-Year FCF
- 274
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 14.20 | 12.09 | 10.92 | 5.10 | 7.18 | -0.47 | 0.29 | 1.19 | 0.69 | 1.00 |
| Book Value (₹) | 99.42 | 117.02 | 127.67 | 132.77 | 139.95 | 3.03 | 3.32 | 6.13 | 6.90 | 7.90 |
| 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 (₹) | 0.72 | 1.63 | 1.32 | 1.13 | 1.08 | 0.32 | 0.88 | 1.60 | 1.10 | 1.34 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.48% | 23.07% | 21.17% | 20.13% | 34.66% | 13.04% | 12.06% | 20.23% | 11.38% | 9.16% |
| Net Margin % | 2.97% | 2.31% | 2.15% | 1.02% | 2.18% | -4.24% | 1.71% | 8.67% | 4.55% | 4.13% |
| ROE % | 15.39% | 11.17% | 8.93% | 3.92% | 5.26% | -14.39% | 9.12% | 25.64% | 10.65% | 13.53% |
| ROCE % | 15.00% | 13.23% | 11.34% | 9.88% | 12.14% | 4.17% | 10.51% | 18.79% | 12.36% | 17.23% |
| 2.91% | 1.81% | 1.40% | 0.61% | 0.89% | -2.45% | 1.54% | 6.79% | 4.04% | 5.14% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 36 | 62 | 72 | 101 | 165 | 112 | 79 | 120 | 109 | 49 |
| Inventory Days | 33 | 37 | 79 | 98 | 152 | 97 | 72 | 89 | 77 | 54 |
| Payable Days | 123 | 236 | 231 | 218 | 278 | 198 | 148 | 183 | 189 | 110 |
| -54 | -137 | -80 | -20 | 39 | 12 | 2 | 26 | -3 | -7 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.04x | 1.95x | 1.91x | 1.94x | 1.99x | 1.93x | 1.59x | 1.10x | 0.70x | 0.59x |
| Interest Coverage (x) | 1.76x | 1.30x | 1.18x | 1.12x | 1.48x | 0.52x | 1.38x | 2.88x | 1.97x | 2.33x |
| 1.15x | 1.13x | 1.17x | 1.43x | 1.63x | 1.76x | 1.99x | 1.80x | 1.91x | 1.42x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 10.95% | 9.31% | -8.38% | -2.51% | -33.04% | 34.59% | 43.41% | -16.74% | 11.20% | 59.82% |
| Operating Profit Growth % | 52.55% | 87.10% | -10.97% | -5.94% | 13.00% | -49.42% | 41.37% | 43.30% | -30.85% | 26.38% |
| Net Profit Growth % | 17.14% | -14.90% | -9.65% | -53.27% | 40.63% | -361.83% | 161.61% | 332.78% | -41.73% | 44.30% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -41.73% | 44.30% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.31x | 10.90x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.54x | 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 | 7.24x | 5.02x |
Mar 2016
- EPS (₹)
- 14.20
- Book Value (₹)
- 99.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.72
- Operating Margin %
- 13.48%
- Net Margin %
- 2.97%
- ROE %
- 15.39%
- ROCE %
- 15.00%
- 2.91%
- Debtor Days
- 36
- Inventory Days
- 33
- Payable Days
- 123
- -54
- Debt to Equity (x)
- 2.04x
- Interest Coverage (x)
- 1.76x
- 1.15x
- Revenue Growth %
- 10.95%
- Operating Profit Growth %
- 52.55%
- Net Profit Growth %
- 17.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 12.09
- Book Value (₹)
- 117.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.63
- Operating Margin %
- 23.07%
- Net Margin %
- 2.31%
- ROE %
- 11.17%
- ROCE %
- 13.23%
- 1.81%
- Debtor Days
- 62
- Inventory Days
- 37
- Payable Days
- 236
- -137
- Debt to Equity (x)
- 1.95x
- Interest Coverage (x)
- 1.30x
- 1.13x
- Revenue Growth %
- 9.31%
- Operating Profit Growth %
- 87.10%
- Net Profit Growth %
- -14.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 10.92
- Book Value (₹)
- 127.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.32
- Operating Margin %
- 21.17%
- Net Margin %
- 2.15%
- ROE %
- 8.93%
- ROCE %
- 11.34%
- 1.40%
- Debtor Days
- 72
- Inventory Days
- 79
- Payable Days
- 231
- -80
- Debt to Equity (x)
- 1.91x
- Interest Coverage (x)
- 1.18x
- 1.17x
- Revenue Growth %
- -8.38%
- Operating Profit Growth %
- -10.97%
- Net Profit Growth %
- -9.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.10
- Book Value (₹)
- 132.77
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.13
- Operating Margin %
- 20.13%
- Net Margin %
- 1.02%
- ROE %
- 3.92%
- ROCE %
- 9.88%
- 0.61%
- Debtor Days
- 101
- Inventory Days
- 98
- Payable Days
- 218
- -20
- Debt to Equity (x)
- 1.94x
- Interest Coverage (x)
- 1.12x
- 1.43x
- Revenue Growth %
- -2.51%
- Operating Profit Growth %
- -5.94%
- Net Profit Growth %
- -53.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 7.18
- Book Value (₹)
- 139.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.08
- Operating Margin %
- 34.66%
- Net Margin %
- 2.18%
- ROE %
- 5.26%
- ROCE %
- 12.14%
- 0.89%
- Debtor Days
- 165
- Inventory Days
- 152
- Payable Days
- 278
- 39
- Debt to Equity (x)
- 1.99x
- Interest Coverage (x)
- 1.48x
- 1.63x
- Revenue Growth %
- -33.04%
- Operating Profit Growth %
- 13.00%
- Net Profit Growth %
- 40.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.47
- Book Value (₹)
- 3.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.32
- Operating Margin %
- 13.04%
- Net Margin %
- -4.24%
- ROE %
- -14.39%
- ROCE %
- 4.17%
- -2.45%
- Debtor Days
- 112
- Inventory Days
- 97
- Payable Days
- 198
- 12
- Debt to Equity (x)
- 1.93x
- Interest Coverage (x)
- 0.52x
- 1.76x
- Revenue Growth %
- 34.59%
- Operating Profit Growth %
- -49.42%
- Net Profit Growth %
- -361.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.29
- Book Value (₹)
- 3.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.88
- Operating Margin %
- 12.06%
- Net Margin %
- 1.71%
- ROE %
- 9.12%
- ROCE %
- 10.51%
- 1.54%
- Debtor Days
- 79
- Inventory Days
- 72
- Payable Days
- 148
- 2
- Debt to Equity (x)
- 1.59x
- Interest Coverage (x)
- 1.38x
- 1.99x
- Revenue Growth %
- 43.41%
- Operating Profit Growth %
- 41.37%
- Net Profit Growth %
- 161.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 1.19
- Book Value (₹)
- 6.13
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.60
- Operating Margin %
- 20.23%
- Net Margin %
- 8.67%
- ROE %
- 25.64%
- ROCE %
- 18.79%
- 6.79%
- Debtor Days
- 120
- Inventory Days
- 89
- Payable Days
- 183
- 26
- Debt to Equity (x)
- 1.10x
- Interest Coverage (x)
- 2.88x
- 1.80x
- Revenue Growth %
- -16.74%
- Operating Profit Growth %
- 43.30%
- Net Profit Growth %
- 332.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.69
- Book Value (₹)
- 6.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.10
- Operating Margin %
- 11.38%
- Net Margin %
- 4.55%
- ROE %
- 10.65%
- ROCE %
- 12.36%
- 4.04%
- Debtor Days
- 109
- Inventory Days
- 77
- Payable Days
- 189
- -3
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 1.97x
- 1.91x
- Revenue Growth %
- 11.20%
- Operating Profit Growth %
- -30.85%
- Net Profit Growth %
- -41.73%
- -41.73%
- P/E (x)
- 15.31x
- P/B (x)
- 1.54x
- Dividend Yield %
- 0.00%
- 7.24x
Mar 2025
- EPS (₹)
- 1.00
- Book Value (₹)
- 7.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.34
- Operating Margin %
- 9.16%
- Net Margin %
- 4.13%
- ROE %
- 13.53%
- ROCE %
- 17.23%
- 5.14%
- Debtor Days
- 49
- Inventory Days
- 54
- Payable Days
- 110
- -7
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 2.33x
- 1.42x
- Revenue Growth %
- 59.82%
- Operating Profit Growth %
- 26.38%
- Net Profit Growth %
- 44.30%
- 44.30%
- P/E (x)
- 10.90x
- P/B (x)
- 1.38x
- Dividend Yield %
- 0.00%
- 5.02x
Documents
Announcements
Nothing filed yet.
Annual Reports
Credit Ratings
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Concalls
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