Debut Plus

₹7

▼ -0.01 -0.14%

As of 23 Oct 2026 · delayed

NSE Listed

Madhav Infra Projects Limited (MADHAVIPL)

Volume: 1,34,817Avg Vol 1W: 1,06,468.4Avg Vol 1M: 98,157.952W Range:₹6.51₹9.9
NSE BSE madhavcorp.com AI Report
Key Ratios
Checked 14h ago
Market Cap₹189 Cr
Current Price₹7
Previous Close₹7.01
High / Low (52w)₹9.9 / ₹6.51
Volume1,34,817
Avg Vol (1W)1,06,468.4
Avg Vol (1M)98,157.9
Stock P/E11.36
Book Value₹7.89
Dividend Yield—
ROE12.2%
ROA—
Revenue (TTM)₹616 Cr
Revenue Growth—
Profit Margin—
Total Debt₹51 Cr
Shares Outstanding—
Face Value₹1
EPS (TTM)₹0.91
P/B1.38
Debt / Equity0.72
50 DMA₹7.49
200 DMA₹8.15
Day change-0.14%
Price Chart
₹7▼ 21.35% · 1Y
₹10₹711.6L
2026-04-20
2026-10-23

20-day avg volume: 98K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 16% YoY.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹87 Cr₹147 Cr₹308 Cr₹88 Cr₹107 Cr₹54 Cr₹254 Cr₹88 Cr
EBITDA₹11 Cr₹11 Cr₹21 Cr₹17 Cr₹14 Cr₹11 Cr₹20 Cr₹14 Cr
Net Profit₹4 Cr₹3 Cr₹12 Cr₹7 Cr₹13 Cr₹-4 Cr₹12 Cr₹6 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹616 Cr₹298 Cr₹84 Cr₹104 Cr₹51 Cr₹208 Cr₹510 Cr₹57 Cr
EBITDA₹57 Cr₹20 Cr₹15 Cr₹14 Cr₹9 Cr₹15 Cr₹61 Cr₹10 Cr
Net Profit₹25 Cr₹11 Cr₹7 Cr₹6 Cr₹3 Cr₹10 Cr₹27 Cr₹4 Cr
EPS0.92—————1.01—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹564 Cr₹495 Cr₹506 Cr₹492 Cr₹574 Cr₹501 Cr₹647 Cr₹606 Cr
Total Liabilities₹435 Cr₹352 Cr₹375 Cr₹355 Cr₹403 Cr₹309 Cr₹433 Cr₹365 Cr
Equity₹129 Cr₹143 Cr₹131 Cr₹137 Cr₹170 Cr₹191 Cr₹214 Cr₹241 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹34 Cr₹-1 Cr₹94 Cr₹1 Cr₹68 Cr₹74 Cr₹85 Cr₹42 Cr
Investing₹209 Cr₹4 Cr₹-42 Cr₹66 Cr₹-18 Cr₹-4 Cr₹-25 Cr₹-31 Cr
Financing₹-212 Cr₹-20 Cr₹-73 Cr₹-64 Cr₹-33 Cr₹-79 Cr₹-27 Cr₹-20 Cr
Free Cash Flow₹34 Cr₹-1 Cr₹94 Cr₹1 Cr₹68 Cr₹74 Cr₹85 Cr₹42 Cr
Shareholding
Promoter 68.81% Institutions 0% Public 31.19%
Efficiency & Working Capital
ROCE14.6%
Interest Coverage2.4
Dividend Payout—
Debtor Days71 d
Inventory Days47 d
Payable Days57 d
Cash Conversion Cycle61 d
Working Capital Days119 d
Shareholding Details

As of 2026-09-30

Promoter68.8%
FII0%
DII0%
Institutions0%
Public31.2%
Promoter Pledge0%
No. of Shareholders65,331
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters69%68.8%68.8%68.8%68.8%68.8%68.8%68.8%68.8%68.8%68.8%68.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.2%0%0%0%0%0%0%0%0%0%0%0%
Public30.8%31.2%31.2%31.2%31.2%31.2%31.2%31.2%31.2%31.2%31.1%31.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders40,18251,17551,67178,69278,77376,84973,98372,20871,25768,50667,06365,331
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Armaan Amit Trust [in The Name Of Trustee Ashok Madhavdas Khurana]Shareholding of Promoter and Promoter Group30.2%8.14 Cr
Ashok Madhavdas KhuranaShareholding of Promoter and Promoter Group28.1%7.57 Cr
Manju Ashok KhuranaShareholding of Promoter and Promoter Group4.9%1.31 Cr
Neelakshi Amit KhuranaShareholding of Promoter and Promoter Group3%80,43,120
Amit Ashok KhuranaShareholding of Promoter and Promoter Group1.8%47,91,240
Ashok Khurana HufShareholding of Promoter and Promoter Group0.9%23,35,206
Bindya Ashok KhuranaShareholding of Promoter and Promoter Group0%76,000
Rasika Vikramsinh ChauhanShareholding of Promoter and Promoter Group0%80,000
Board of Directors
NameDesignationYear
ASHOK MADHAVDAS KHURANAChairman & Non Executive Dir.2025
Amit A KhuranaED / MD / Promoter2025
Neelakshi A KhuranaNon-Exec & Non-Independent Dir2025
Shanker R BhagatIndependent Non Exe. Director2025
Hiral Vinodbhai PatelNon-Exec & Non-Independent Dir2025
Nikhil KaushikIndependent Non Exe. Director2025
Ishwari Hanumantsinh SindhaCompany Secretary / Compliance Officer2025
Segments — Product
SegmentRevenueShare
Civil EPC Contract₹304 Cr99.2%
Trading₹2 Cr0.6%
Solar Power Generation Income₹0 Cr0.1%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹1392727
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-30Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202698306103290537
20265619868290351
2026040004
Insider / Designated-Person Trades

8 recent disclosure(s)

Madhav Power Private LimitedAcquisition · 20,000
Madhav Power Private LimitedAcquisition · 50,000
Madhav Power Private LimitedAcquisition · 30,000
Ashok Madhavdas KhuranaDisposal · 1,62,500
Ashok Madhavdas KhuranaDisposal · 1,50,000
Ashok Madhavdas KhuranaDisposal · 1,00,000
Substantial Acquisitions (SAST)

4 disclosure(s)

NULL12/08/2026 · 7,57,16,940
NULL12/08/2026 · 54,34,764
NULL12/08/2026 · 6,15,93,562
NULL12/08/2026 · 86,88,614
Company Information
Incorporated1992
ChairmanASHOK MADHAVDAS KHURANA
AuditorShah & Kadam
Investor Email[email protected]; [email protected]; s
🌐 madhavcorp.com ↗

📍 Madhav House Plot No 04, Nr Panchratna Bldg Subhanpura, Vadodara, Gujarat, 380023

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