MADHAVIPL

Madhav Infra Projects financials

Market cap
₹214 Cr
Sector
Construction

Quarterly results

Q1 FY27: revenue down 32.1%, net profit down 35.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue88 129 298 84 104 +19%51 −60%208 −30%57 −32%
EBITDA13 13 20 15 14 +13%10 −23%16 −21%11 −25%
Net profit6 4 11 7 6 +1%3 −23%10 −8%4 −36%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −5.9% YTD

₹7.00₹7.50₹8.00₹8.50MayJunJulAugSept

YTD: ₹8.53 on 15 May 2026 → ₹8.03. High ₹8.83 (19 Jun 2026), low ₹7.03 (14 Aug 2026).

Financials, as filed

Revenue grew 11.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to 12.3%.

Year endingFY24FY25FY26
Revenue₹358 Cr₹572 Cr₹448 Cr
Operating profit₹47 Cr₹60 Cr₹55 Cr
Operating margin13.1%10.5%12.3%
Interest₹21 Cr₹24 Cr₹19 Cr
Depreciation₹11 Cr₹9 Cr₹9 Cr
Net profit₹19 Cr₹27 Cr₹26 Cr
Net margin5.2%4.7%5.8%
Cash from operations₹63 Cr₹105 Cr₹-7 Cr
Free cash flow₹62 Cr₹101 Cr₹-7 Cr
ROCE12.0%17.0%15.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹26 Cr₹26 Cr₹27 Cr₹27 Cr₹27 Cr₹27 Cr
Reserves₹52 Cr₹73 Cr₹138 Cr₹159 Cr₹206 Cr₹212 Cr
Borrowings₹300 Cr₹233 Cr₹182 Cr₹130 Cr₹189 Cr₹130 Cr
Other liabilities₹118 Cr₹137 Cr₹122 Cr₹132 Cr₹160 Cr₹143 Cr
Total liabilities₹496 Cr₹468 Cr₹470 Cr₹447 Cr₹582 Cr₹512 Cr
Fixed assets₹158 Cr₹81 Cr₹94 Cr₹89 Cr₹113 Cr₹82 Cr
Capital work in progress₹0 Cr₹0 Cr₹7 Cr₹3 Cr₹4 Cr₹0 Cr
Investments₹45 Cr₹48 Cr₹42 Cr₹32 Cr₹21 Cr₹32 Cr
Other assets₹293 Cr₹339 Cr₹327 Cr₹323 Cr₹444 Cr₹398 Cr
Total assets₹496 Cr₹468 Cr₹470 Cr₹447 Cr₹582 Cr₹512 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 9% to 67,063.

Promoters
68.8%
DIIs
0.0%
Public
31.1%

Since Jun 2025

  • DIIs +0.04 pp
  • Public −0.03 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 69.0%, Public 31.0%.Dec '23: Promoters 69.0%, Public 31.0%.Mar '24: Promoters 68.8%, Public 31.2%.Jun '24: Promoters 68.8%, Public 31.2%.Sep '24: Promoters 68.8%, Public 31.2%.Dec '24: Promoters 68.8%, Public 31.2%.Mar '25: Promoters 68.8%, Public 31.2%.Jun '25: Promoters 68.8%, Public 31.2%.Sep '25: Promoters 68.8%, Public 31.2%.Dec '25: Promoters 68.8%, Public 31.2%.Mar '26: Promoters 68.8%, Public 31.2%.Jun '26: Promoters 68.8%, DIIs 0.0%, Public 31.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Madhav Infra Projects Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ashok Madhavdas Khurana 30.18%unchanged
Manju Ashok Khurana 4.86%unchanged
Neelakshi Amit Khurana 2.98%unchanged
Amit Ashok Khurana 1.78%unchanged
Ashok Khurana Huf 0.87%unchanged
Bindya Ashok Khurana 0.03%unchanged
Rasika Vikramsinh Chauhan 0.03%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Madhav Infra Projects Limited

Guides on how to read this kind of business and the numbers that matter.