Madhucon Projects Ltd.
•₹ 5.23-0.57%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 113.6% YoY, showing strong momentum
- Working capital cycle has improved - days down from -613 to -976
- Company generates healthy free cash flow
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- Company has a low return on capital employed of -9.9%
- Interest coverage is weak at -12.3x - earnings barely cover interest
- Company has a low return on equity of 0.0% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.54x)
* 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 | 159.52 | 18.73 | 4321.23 | 10.55 | 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 | 303.00 | 120.52 | 26710.00 | 692.49 | 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. | MADHUCON | 5.16 | 0.00 | 38.08 | 0.00 | 17.26 | 113.56 | 49.94 | -68.25 | -21.29 | 21.15 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 211 | 257 | 276 | 421 | 236 | 190 | 111 | 139 | 157 | 129 | 139 | 126 | 50 | |
| 238 | 309 | 273 | 642 | 255 | 392 | 137 | 175 | 194 | 180 | 169 | 156 | 40 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 20 | 44 | 1 | 237 | 26 | 205 | 67 | 37 | 47 | 54 | 51 | 48 | 6 |
| Interest | 3 | 3 | 8 | 27 | 4 | 3 | 5 | 27 | 6 | 6 | 6 | -18 | 1 |
| Depreciation | 10 | 9 | 12 | 2 | 10 | 12 | 484 | 26 | 131 | 131 | 131 | 131 | 1 |
| -21 | -20 | -17 | -13 | -7 | -12 | -447 | -52 | -127 | -133 | -116 | -95 | 16 | |
| Tax % | 4.48% | 4.86% | 13.35% | 46.21% | -57.12% | 55.30% | 0.24% | -17.81% | -0.23% | 1.92% | -0.31% | -1.06% | -11.09% |
| Net Profit | 0 | 0 | 0 | 0 | -10 | -5 | -446 | -61 | -127 | -131 | -116 | -96 | 17 |
| -3 | -2 | -2 | 1 | -1 | -1 | -57 | -5 | -16 | -16 | -14 | -13 | 0 | |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 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 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 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
- 211
- 238
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 3
- Depreciation
- 10
- -21
- Tax %
- 4.48%
- Net Profit
- 0
- -3
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 257
- 309
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 3
- Depreciation
- 9
- -20
- Tax %
- 4.86%
- Net Profit
- 0
- -2
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 276
- 273
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 12
- -17
- Tax %
- 13.35%
- Net Profit
- 0
- -2
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 421
- 642
- Operating Profit
- —
- OPM %
- —
- Other Income
- 237
- Interest
- 27
- Depreciation
- 2
- -13
- Tax %
- 46.21%
- Net Profit
- 0
- 1
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 236
- 255
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 4
- Depreciation
- 10
- -7
- Tax %
- -57.12%
- Net Profit
- -10
- -1
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 190
- 392
- Operating Profit
- —
- OPM %
- —
- Other Income
- 205
- Interest
- 3
- Depreciation
- 12
- -12
- Tax %
- 55.30%
- Net Profit
- -5
- -1
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 111
- 137
- Operating Profit
- —
- OPM %
- —
- Other Income
- 67
- Interest
- 5
- Depreciation
- 484
- -447
- Tax %
- 0.24%
- Net Profit
- -446
- -57
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 139
- 175
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 27
- Depreciation
- 26
- -52
- Tax %
- -17.81%
- Net Profit
- -61
- -5
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 157
- 194
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 6
- Depreciation
- 131
- -127
- Tax %
- -0.23%
- Net Profit
- -127
- -16
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 129
- 180
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 6
- Depreciation
- 131
- -133
- Tax %
- 1.92%
- Net Profit
- -131
- -16
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 139
- 169
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 6
- Depreciation
- 131
- -116
- Tax %
- -0.31%
- Net Profit
- -116
- -14
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 126
- 156
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- -18
- Depreciation
- 131
- -95
- Tax %
- -1.06%
- Net Profit
- -96
- -13
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 50
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 1
- 16
- Tax %
- -11.09%
- Net Profit
- 17
- 0
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,599 | 1,576 | 1,035 | 942 | 734 | 909 | 948 | 1,162 | 1,164 | 677 | 444 | |
| 1,654 | 1,212 | 1,010 | 885 | 687 | 945 | 1,012 | 1,415 | 1,463 | 959 | 545 | |
| Operating Profit | 1,047 | 390 | 74 | 98 | 93 | 89 | 54 | 649 | 2 | 52 | — |
| OPM % | 40 | 25 | 7 | 10 | 13 | 10 | 6 | 56 | 0 | 8 | — |
| Other Income | 101 | 25 | 48 | 41 | 46 | 125 | 117 | 902 | 301 | 335 | 159 |
| Interest | 748 | 751 | 835 | 279 | 150 | 246 | 31 | 47 | 41 | 39 | -5 |
| Depreciation | 222 | 269 | 249 | 224 | 72 | 129 | 141 | 799 | 32 | 531 | 393 |
| 76 | -630 | -1,010 | -405 | -1,099 | -276 | -108 | -197 | -71 | -518 | -328 | |
| Tax % | 68 | -2 | 4 | 6 | -1 | 5 | -17 | 10 | 14 | -1 | 1 |
| Net Profit | 25 | -644 | -966 | -381 | -1,115 | -262 | -127 | -177 | -61 | -523 | -325 |
| EPS | 2 | -98 | -117 | -47 | -144 | -32 | -14 | -19 | -6 | -64 | — |
| Dividend Payout % | 4 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -4 | -81 | 100 | 37 | 49 | 28 | 21 | 33 | 16 | 48 | 1 |
| Share of Associates | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | -98 | -117 | -47 | -144 | -32 | -14 | -19 | -6 | -64 | — |
| Minority Interest | -4 | -81 | 100 | 37 | 49 | 28 | 21 | 33 | 16 | 48 | 1 |
| Share of Associates | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | -98 | -117 | -47 | -144 | -32 | -14 | -19 | -6 | -64 | — |
Mar 2016
- 2,599
- 1,654
- Operating Profit
- 1,047
- OPM %
- 40
- Other Income
- 101
- Interest
- 748
- Depreciation
- 222
- 76
- Tax %
- 68
- Net Profit
- 25
- EPS
- 2
- Dividend Payout %
- 4
- Minority Interest
- -4
- Share of Associates
- -0
- Adjusted EPS
- 3
- Minority Interest
- -4
- Share of Associates
- -0
- Adjusted EPS
- 3
Mar 2017
- 1,576
- 1,212
- Operating Profit
- 390
- OPM %
- 25
- Other Income
- 25
- Interest
- 751
- Depreciation
- 269
- -630
- Tax %
- -2
- Net Profit
- -644
- EPS
- -98
- Dividend Payout %
- -0
- Minority Interest
- -81
- Share of Associates
- 0
- Adjusted EPS
- -98
- Minority Interest
- -81
- Share of Associates
- 0
- Adjusted EPS
- -98
Mar 2018
- 1,035
- 1,010
- Operating Profit
- 74
- OPM %
- 7
- Other Income
- 48
- Interest
- 835
- Depreciation
- 249
- -1,010
- Tax %
- 4
- Net Profit
- -966
- EPS
- -117
- Dividend Payout %
- 0
- Minority Interest
- 100
- Share of Associates
- 0
- Adjusted EPS
- -117
- Minority Interest
- 100
- Share of Associates
- 0
- Adjusted EPS
- -117
Mar 2019
- 942
- 885
- Operating Profit
- 98
- OPM %
- 10
- Other Income
- 41
- Interest
- 279
- Depreciation
- 224
- -405
- Tax %
- 6
- Net Profit
- -381
- EPS
- -47
- Dividend Payout %
- 0
- Minority Interest
- 37
- Share of Associates
- 0
- Adjusted EPS
- -47
- Minority Interest
- 37
- Share of Associates
- 0
- Adjusted EPS
- -47
Mar 2020
- 734
- 687
- Operating Profit
- 93
- OPM %
- 13
- Other Income
- 46
- Interest
- 150
- Depreciation
- 72
- -1,099
- Tax %
- -1
- Net Profit
- -1,115
- EPS
- -144
- Dividend Payout %
- 0
- Minority Interest
- 49
- Share of Associates
- 0
- Adjusted EPS
- -144
- Minority Interest
- 49
- Share of Associates
- 0
- Adjusted EPS
- -144
Mar 2021
- 909
- 945
- Operating Profit
- 89
- OPM %
- 10
- Other Income
- 125
- Interest
- 246
- Depreciation
- 129
- -276
- Tax %
- 5
- Net Profit
- -262
- EPS
- -32
- Dividend Payout %
- 0
- Minority Interest
- 28
- Share of Associates
- 0
- Adjusted EPS
- -32
- Minority Interest
- 28
- Share of Associates
- 0
- Adjusted EPS
- -32
Mar 2022
- 948
- 1,012
- Operating Profit
- 54
- OPM %
- 6
- Other Income
- 117
- Interest
- 31
- Depreciation
- 141
- -108
- Tax %
- -17
- Net Profit
- -127
- EPS
- -14
- Dividend Payout %
- 0
- Minority Interest
- 21
- Share of Associates
- 0
- Adjusted EPS
- -14
- Minority Interest
- 21
- Share of Associates
- 0
- Adjusted EPS
- -14
Mar 2023
- 1,162
- 1,415
- Operating Profit
- 649
- OPM %
- 56
- Other Income
- 902
- Interest
- 47
- Depreciation
- 799
- -197
- Tax %
- 10
- Net Profit
- -177
- EPS
- -19
- Dividend Payout %
- 0
- Minority Interest
- 33
- Share of Associates
- 0
- Adjusted EPS
- -19
- Minority Interest
- 33
- Share of Associates
- 0
- Adjusted EPS
- -19
Mar 2024
- 1,164
- 1,463
- Operating Profit
- 2
- OPM %
- 0
- Other Income
- 301
- Interest
- 41
- Depreciation
- 32
- -71
- Tax %
- 14
- Net Profit
- -61
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 16
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 16
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2025
- 677
- 959
- Operating Profit
- 52
- OPM %
- 8
- Other Income
- 335
- Interest
- 39
- Depreciation
- 531
- -518
- Tax %
- -1
- Net Profit
- -523
- EPS
- -64
- Dividend Payout %
- 0
- Minority Interest
- 48
- Share of Associates
- 0
- Adjusted EPS
- -64
- Minority Interest
- 48
- Share of Associates
- 0
- Adjusted EPS
- -64
TTM
- 444
- 545
- Operating Profit
- —
- OPM %
- —
- Other Income
- 159
- Interest
- -5
- Depreciation
- 393
- -328
- Tax %
- 1
- Net Profit
- -325
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -10%
- 5 Years:
- -2%
- 3 Years:
- -11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -20%
- 5 Years:
- 2%
- 3 Years:
- -1%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- 0%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 0%
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 | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| -296 | -829 | -1,775 | -2,130 | -2,438 | -1,892 | -2,095 | -1,927 | -1,510 | -1,475 | |
| 1,837 | 1,395 | 1,534 | 2,634 | 2,214 | 1,339 | 1,327 | 1,555 | 2,238 | 2,099 | |
| Trade Payables | 865 | 573 | 569 | 657 | 476 | 634 | 597 | 457 | 369 | 114 |
| 6,025 | 7,083 | 7,534 | 6,489 | 4,676 | 5,202 | 5,642 | 3,971 | 3,053 | 2,818 | |
| Total Liabilities | 8,437 | 8,229 | 7,869 | 7,658 | 4,934 | 5,290 | 5,478 | 4,064 | 4,157 | 3,562 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5,289 | 4,791 | 4,551 | 4,336 | 1,236 | 749 | 677 | 53 | 169 | 124 | |
| Capital Work in Progress | 151 | 150 | 150 | 151 | 151 | 150 | 150 | 87 | 87 | 87 |
| 1 | 1 | 1 | 3 | 971 | 754 | 754 | 1 | 1 | 1 | |
| 120 | 65 | 100 | 63 | 29 | 15 | 6 | 4 | 2 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36 | 5 | |
| Cash & Bank | 156 | 78 | 55 | 38 | 87 | 71 | 115 | 82 | 39 | 66 |
| 2,720 | 3,144 | 3,012 | 3,068 | 2,461 | 3,552 | 3,776 | 3,838 | 3,823 | 3,276 | |
| Total Assets | 8,437 | 8,229 | 7,869 | 7,658 | 4,934 | 5,290 | 5,478 | 4,064 | 4,157 | 3,562 |
| Total Debt | 6,729 | 6,748 | 6,994 | 7,069 | 4,446 | 4,241 | 4,178 | 4,011 | 3,913 | 3,554 |
| Net Working Capital | -2,262 | -3,059 | -4,193 | -4,498 | -3,697 | -2,272 | -2,715 | -2,039 | -1,955 | -1,808 |
| Contingent Liabilities | 838 | 355 | 745 | 542 | 165 | 524 | 622 | 0 | 1,338 | 1,383 |
| Book Value per Share | -39.15 | -111.38 | -239.53 | -287.62 | -329.43 | -255.36 | -282.95 | -260.12 | -203.64 | -198.92 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 6,729 | 6,748 | 6,994 | 7,069 | 4,446 | 4,241 | 4,178 | 4,011 | 3,913 | 3,554 |
| Net Working Capital | -2,262 | -3,059 | -4,193 | -4,498 | -3,697 | -2,272 | -2,715 | -2,039 | -1,955 | -1,808 |
| Contingent Liabilities | 838 | 355 | 745 | 542 | 165 | 524 | 622 | 0 | 1,338 | 1,383 |
| Book Value per Share | -39.15 | -111.38 | -239.53 | -287.62 | -329.43 | -255.36 | -282.95 | -260.12 | -203.64 | -198.92 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 7
- -296
- 1,837
- Trade Payables
- 865
- 6,025
- Total Liabilities
- 8,437
- 5,289
- Capital Work in Progress
- 151
- 1
- 120
- 0
- Cash & Bank
- 156
- 2,720
- Total Assets
- 8,437
- Total Debt
- 6,729
- Net Working Capital
- -2,262
- Contingent Liabilities
- 838
- Book Value per Share
- -39.15
- Face Value
- 1.00
- Total Debt
- 6,729
- Net Working Capital
- -2,262
- Contingent Liabilities
- 838
- Book Value per Share
- -39.15
- Face Value
- 1.00
Mar 2017
- Equity Capital
- 7
- -829
- 1,395
- Trade Payables
- 573
- 7,083
- Total Liabilities
- 8,229
- 4,791
- Capital Work in Progress
- 150
- 1
- 65
- 0
- Cash & Bank
- 78
- 3,144
- Total Assets
- 8,229
- Total Debt
- 6,748
- Net Working Capital
- -3,059
- Contingent Liabilities
- 355
- Book Value per Share
- -111.38
- Face Value
- 1.00
- Total Debt
- 6,748
- Net Working Capital
- -3,059
- Contingent Liabilities
- 355
- Book Value per Share
- -111.38
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 7
- -1,775
- 1,534
- Trade Payables
- 569
- 7,534
- Total Liabilities
- 7,869
- 4,551
- Capital Work in Progress
- 150
- 1
- 100
- 0
- Cash & Bank
- 55
- 3,012
- Total Assets
- 7,869
- Total Debt
- 6,994
- Net Working Capital
- -4,193
- Contingent Liabilities
- 745
- Book Value per Share
- -239.53
- Face Value
- 1.00
- Total Debt
- 6,994
- Net Working Capital
- -4,193
- Contingent Liabilities
- 745
- Book Value per Share
- -239.53
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 7
- -2,130
- 2,634
- Trade Payables
- 657
- 6,489
- Total Liabilities
- 7,658
- 4,336
- Capital Work in Progress
- 151
- 3
- 63
- 0
- Cash & Bank
- 38
- 3,068
- Total Assets
- 7,658
- Total Debt
- 7,069
- Net Working Capital
- -4,498
- Contingent Liabilities
- 542
- Book Value per Share
- -287.62
- Face Value
- 1.00
- Total Debt
- 7,069
- Net Working Capital
- -4,498
- Contingent Liabilities
- 542
- Book Value per Share
- -287.62
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 7
- -2,438
- 2,214
- Trade Payables
- 476
- 4,676
- Total Liabilities
- 4,934
- 1,236
- Capital Work in Progress
- 151
- 971
- 29
- 0
- Cash & Bank
- 87
- 2,461
- Total Assets
- 4,934
- Total Debt
- 4,446
- Net Working Capital
- -3,697
- Contingent Liabilities
- 165
- Book Value per Share
- -329.43
- Face Value
- 1.00
- Total Debt
- 4,446
- Net Working Capital
- -3,697
- Contingent Liabilities
- 165
- Book Value per Share
- -329.43
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 7
- -1,892
- 1,339
- Trade Payables
- 634
- 5,202
- Total Liabilities
- 5,290
- 749
- Capital Work in Progress
- 150
- 754
- 15
- 0
- Cash & Bank
- 71
- 3,552
- Total Assets
- 5,290
- Total Debt
- 4,241
- Net Working Capital
- -2,272
- Contingent Liabilities
- 524
- Book Value per Share
- -255.36
- Face Value
- 1.00
- Total Debt
- 4,241
- Net Working Capital
- -2,272
- Contingent Liabilities
- 524
- Book Value per Share
- -255.36
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 7
- -2,095
- 1,327
- Trade Payables
- 597
- 5,642
- Total Liabilities
- 5,478
- 677
- Capital Work in Progress
- 150
- 754
- 6
- 0
- Cash & Bank
- 115
- 3,776
- Total Assets
- 5,478
- Total Debt
- 4,178
- Net Working Capital
- -2,715
- Contingent Liabilities
- 622
- Book Value per Share
- -282.95
- Face Value
- 1.00
- Total Debt
- 4,178
- Net Working Capital
- -2,715
- Contingent Liabilities
- 622
- Book Value per Share
- -282.95
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 7
- -1,927
- 1,555
- Trade Payables
- 457
- 3,971
- Total Liabilities
- 4,064
- 53
- Capital Work in Progress
- 87
- 1
- 4
- 0
- Cash & Bank
- 82
- 3,838
- Total Assets
- 4,064
- Total Debt
- 4,011
- Net Working Capital
- -2,039
- Contingent Liabilities
- 0
- Book Value per Share
- -260.12
- Face Value
- 1.00
- Total Debt
- 4,011
- Net Working Capital
- -2,039
- Contingent Liabilities
- 0
- Book Value per Share
- -260.12
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 7
- -1,510
- 2,238
- Trade Payables
- 369
- 3,053
- Total Liabilities
- 4,157
- 169
- Capital Work in Progress
- 87
- 1
- 2
- 36
- Cash & Bank
- 39
- 3,823
- Total Assets
- 4,157
- Total Debt
- 3,913
- Net Working Capital
- -1,955
- Contingent Liabilities
- 1,338
- Book Value per Share
- -203.64
- Face Value
- 1.00
- Total Debt
- 3,913
- Net Working Capital
- -1,955
- Contingent Liabilities
- 1,338
- Book Value per Share
- -203.64
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 7
- -1,475
- 2,099
- Trade Payables
- 114
- 2,818
- Total Liabilities
- 3,562
- 124
- Capital Work in Progress
- 87
- 1
- 2
- 5
- Cash & Bank
- 66
- 3,276
- Total Assets
- 3,562
- Total Debt
- 3,554
- Net Working Capital
- -1,808
- Contingent Liabilities
- 1,383
- Book Value per Share
- -198.92
- Face Value
- 1.00
- Total Debt
- 3,554
- Net Working Capital
- -1,808
- Contingent Liabilities
- 1,383
- Book Value per Share
- -198.92
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -301 | 683 | 571 | 190 | -587 | -405 | 244 | -241 | -256 | 85 | |
| Cash from Investing | 466 | 107 | -2 | 3 | 2,843 | 839 | -158 | 949 | 467 | 51 |
| Cash from Financing | -162 | -859 | -588 | -204 | -2,209 | -451 | -56 | -720 | -261 | -109 |
| 2 | -68 | -19 | -11 | 47 | -16 | 30 | -13 | -49 | 27 | |
| Free Cash Flow | -301 | 683 | 571 | 190 | -587 | -405 | 196 | -241 | -2,031 | -391 |
| OCF / Net Profit | -12.19 | -1.06 | -0.59 | -0.50 | 0.53 | 1.55 | -1.92 | 1.36 | 4.21 | -0.16 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 556 | 453 | -35 | -847 | -3,068 | -2,872 |
| OCF / Net Profit | -12.19 | -1.06 | -0.59 | -0.50 | 0.53 | 1.55 | -1.92 | 1.36 | 4.21 | -0.16 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 556 | 453 | -35 | -847 | -3,068 | -2,872 |
Mar 2016
- -301
- Cash from Investing
- 466
- Cash from Financing
- -162
- 2
- Free Cash Flow
- -301
- OCF / Net Profit
- -12.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -12.19
- Cumulative 5-Year FCF
- 0
Mar 2017
- 683
- Cash from Investing
- 107
- Cash from Financing
- -859
- -68
- Free Cash Flow
- 683
- OCF / Net Profit
- -1.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.06
- Cumulative 5-Year FCF
- 0
Mar 2018
- 571
- Cash from Investing
- -2
- Cash from Financing
- -588
- -19
- Free Cash Flow
- 571
- OCF / Net Profit
- -0.59
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.59
- Cumulative 5-Year FCF
- 0
Mar 2019
- 190
- Cash from Investing
- 3
- Cash from Financing
- -204
- -11
- Free Cash Flow
- 190
- OCF / Net Profit
- -0.50
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.50
- Cumulative 5-Year FCF
- 0
Mar 2020
- -587
- Cash from Investing
- 2,843
- Cash from Financing
- -2,209
- 47
- Free Cash Flow
- -587
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 556
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 556
Mar 2021
- -405
- Cash from Investing
- 839
- Cash from Financing
- -451
- -16
- Free Cash Flow
- -405
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 453
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 453
Mar 2022
- 244
- Cash from Investing
- -158
- Cash from Financing
- -56
- 30
- Free Cash Flow
- 196
- OCF / Net Profit
- -1.92
- Cumulative 5-Year FCF
- -35
- OCF / Net Profit
- -1.92
- Cumulative 5-Year FCF
- -35
Mar 2023
- -241
- Cash from Investing
- 949
- Cash from Financing
- -720
- -13
- Free Cash Flow
- -241
- OCF / Net Profit
- 1.36
- Cumulative 5-Year FCF
- -847
- OCF / Net Profit
- 1.36
- Cumulative 5-Year FCF
- -847
Mar 2024
- -256
- Cash from Investing
- 467
- Cash from Financing
- -261
- -49
- Free Cash Flow
- -2,031
- OCF / Net Profit
- 4.21
- Cumulative 5-Year FCF
- -3,068
- OCF / Net Profit
- 4.21
- Cumulative 5-Year FCF
- -3,068
Mar 2025
- 85
- Cash from Investing
- 51
- Cash from Financing
- -109
- 27
- Free Cash Flow
- -391
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- -2,872
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- -2,872
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 (₹) | 2.78 | -98.21 | -117.33 | -46.60 | -144.43 | -31.63 | -14.41 | -19.47 | -6.05 | -64.38 |
| Book Value (₹) | -39.15 | -111.38 | -239.53 | -287.62 | -329.43 | -255.36 | -282.95 | -260.12 | -203.64 | -198.92 |
| Dividend per Share (₹) | 0.10 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 33.45 | -50.81 | -97.21 | -21.18 | -141.40 | -18.02 | 1.87 | 84.27 | -3.92 | 1.07 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 40.26% | 24.74% | 7.12% | 10.41% | 12.66% | 9.77% | 5.70% | 55.83% | -25.70% | -41.73% |
| Net Margin % | 0.95% | -40.86% | -93.30% | -40.38% | -151.89% | -28.78% | -13.41% | -15.23% | -5.22% | -77.34% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 13.11% | 1.95% | -3.14% | -2.48% | -27.26% | -1.38% | -3.47% | -7.18% | -1.31% | -21.29% |
| 0.30% | -7.73% | -12.00% | -4.90% | -17.71% | -5.12% | -2.36% | -3.71% | -1.48% | -13.56% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 39 | 71 | 43 | 13 | 38 | 24 | 4 | 3 | 6 | 11 |
| Inventory Days | 17 | 21 | 29 | 32 | 23 | 9 | 4 | 1 | 1 | 1 |
| Payable Days | 225 | 692 | 6496 | 2740 | 3681 | 0 | 0 | 187 | 0 | 0 |
| -169 | -599 | -6425 | -2695 | -3619 | 33 | 8 | -182 | 7 | 12 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -23.29x | -8.21x | -3.96x | -3.33x | -1.83x | -2.25x | -2.00x | -2.09x | -2.60x | -2.42x |
| Interest Coverage (x) | 1.10x | 0.16x | -0.21x | -0.45x | -6.31x | -0.12x | -2.46x | -3.18x | -0.71x | -12.33x |
| 0.39x | 0.22x | 0.14x | 0.30x | 0.30x | 0.49x | 0.44x | 0.55x | 0.54x | 0.49x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 27.54% | -39.36% | -34.32% | -8.98% | -22.10% | 23.84% | 4.29% | 22.59% | 0.12% | -41.86% |
| Operating Profit Growth % | 51.10% | -62.74% | -81.09% | 33.08% | -5.28% | -4.43% | -39.16% | 1101.13% | -99.63% | 2103.59% |
| Net Profit Growth % | 334.04% | -2710.28% | -49.98% | 60.61% | -193.03% | 76.53% | 51.40% | -39.23% | 65.69% | -761.32% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 68.93% | -964.27% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.05x | -0.03x |
| 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 | 1658.99x | 67.44x |
Mar 2016
- EPS (₹)
- 2.78
- Book Value (₹)
- -39.15
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 33.45
- Operating Margin %
- 40.26%
- Net Margin %
- 0.95%
- ROE %
- 0.00%
- ROCE %
- 13.11%
- 0.30%
- Debtor Days
- 39
- Inventory Days
- 17
- Payable Days
- 225
- -169
- Debt to Equity (x)
- -23.29x
- Interest Coverage (x)
- 1.10x
- 0.39x
- Revenue Growth %
- 27.54%
- Operating Profit Growth %
- 51.10%
- Net Profit Growth %
- 334.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -98.21
- Book Value (₹)
- -111.38
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- -50.81
- Operating Margin %
- 24.74%
- Net Margin %
- -40.86%
- ROE %
- 0.00%
- ROCE %
- 1.95%
- -7.73%
- Debtor Days
- 71
- Inventory Days
- 21
- Payable Days
- 692
- -599
- Debt to Equity (x)
- -8.21x
- Interest Coverage (x)
- 0.16x
- 0.22x
- Revenue Growth %
- -39.36%
- Operating Profit Growth %
- -62.74%
- Net Profit Growth %
- -2710.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -117.33
- Book Value (₹)
- -239.53
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -97.21
- Operating Margin %
- 7.12%
- Net Margin %
- -93.30%
- ROE %
- 0.00%
- ROCE %
- -3.14%
- -12.00%
- Debtor Days
- 43
- Inventory Days
- 29
- Payable Days
- 6496
- -6425
- Debt to Equity (x)
- -3.96x
- Interest Coverage (x)
- -0.21x
- 0.14x
- Revenue Growth %
- -34.32%
- Operating Profit Growth %
- -81.09%
- Net Profit Growth %
- -49.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -46.60
- Book Value (₹)
- -287.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -21.18
- Operating Margin %
- 10.41%
- Net Margin %
- -40.38%
- ROE %
- 0.00%
- ROCE %
- -2.48%
- -4.90%
- Debtor Days
- 13
- Inventory Days
- 32
- Payable Days
- 2740
- -2695
- Debt to Equity (x)
- -3.33x
- Interest Coverage (x)
- -0.45x
- 0.30x
- Revenue Growth %
- -8.98%
- Operating Profit Growth %
- 33.08%
- Net Profit Growth %
- 60.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -144.43
- Book Value (₹)
- -329.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -141.40
- Operating Margin %
- 12.66%
- Net Margin %
- -151.89%
- ROE %
- 0.00%
- ROCE %
- -27.26%
- -17.71%
- Debtor Days
- 38
- Inventory Days
- 23
- Payable Days
- 3681
- -3619
- Debt to Equity (x)
- -1.83x
- Interest Coverage (x)
- -6.31x
- 0.30x
- Revenue Growth %
- -22.10%
- Operating Profit Growth %
- -5.28%
- Net Profit Growth %
- -193.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -31.63
- Book Value (₹)
- -255.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -18.02
- Operating Margin %
- 9.77%
- Net Margin %
- -28.78%
- ROE %
- 0.00%
- ROCE %
- -1.38%
- -5.12%
- Debtor Days
- 24
- Inventory Days
- 9
- Payable Days
- 0
- 33
- Debt to Equity (x)
- -2.25x
- Interest Coverage (x)
- -0.12x
- 0.49x
- Revenue Growth %
- 23.84%
- Operating Profit Growth %
- -4.43%
- Net Profit Growth %
- 76.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -14.41
- Book Value (₹)
- -282.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.87
- Operating Margin %
- 5.70%
- Net Margin %
- -13.41%
- ROE %
- 0.00%
- ROCE %
- -3.47%
- -2.36%
- Debtor Days
- 4
- Inventory Days
- 4
- Payable Days
- 0
- 8
- Debt to Equity (x)
- -2.00x
- Interest Coverage (x)
- -2.46x
- 0.44x
- Revenue Growth %
- 4.29%
- Operating Profit Growth %
- -39.16%
- Net Profit Growth %
- 51.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -19.47
- Book Value (₹)
- -260.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 84.27
- Operating Margin %
- 55.83%
- Net Margin %
- -15.23%
- ROE %
- 0.00%
- ROCE %
- -7.18%
- -3.71%
- Debtor Days
- 3
- Inventory Days
- 1
- Payable Days
- 187
- -182
- Debt to Equity (x)
- -2.09x
- Interest Coverage (x)
- -3.18x
- 0.55x
- Revenue Growth %
- 22.59%
- Operating Profit Growth %
- 1101.13%
- Net Profit Growth %
- -39.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -6.05
- Book Value (₹)
- -203.64
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.92
- Operating Margin %
- -25.70%
- Net Margin %
- -5.22%
- ROE %
- 0.00%
- ROCE %
- -1.31%
- -1.48%
- Debtor Days
- 6
- Inventory Days
- 1
- Payable Days
- 0
- 7
- Debt to Equity (x)
- -2.60x
- Interest Coverage (x)
- -0.71x
- 0.54x
- Revenue Growth %
- 0.12%
- Operating Profit Growth %
- -99.63%
- Net Profit Growth %
- 65.69%
- 68.93%
- P/E (x)
- 0.00x
- P/B (x)
- -0.05x
- Dividend Yield %
- 0.00%
- 1658.99x
Mar 2025
- EPS (₹)
- -64.38
- Book Value (₹)
- -198.92
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.07
- Operating Margin %
- -41.73%
- Net Margin %
- -77.34%
- ROE %
- 0.00%
- ROCE %
- -21.29%
- -13.56%
- Debtor Days
- 11
- Inventory Days
- 1
- Payable Days
- 0
- 12
- Debt to Equity (x)
- -2.42x
- Interest Coverage (x)
- -12.33x
- 0.49x
- Revenue Growth %
- -41.86%
- Operating Profit Growth %
- 2103.59%
- Net Profit Growth %
- -761.32%
- -964.27%
- P/E (x)
- 0.00x
- P/B (x)
- -0.03x
- Dividend Yield %
- 0.00%
- 67.44x
Documents
Announcements
- Record Date
2026-08-19 - Madhucon Projects Limited has informed the Exchange that Record date for the purpose of Meeting is 22-Sep-2026.
- Shareholders meeting
2026-08-19 - Madhucon Projects Limited has informed the Exchange about Shareholders meeting
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.