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Madhav Infra Projects share price & results

Madhav Infra Projects Limited· Construction· Industrials

Results to
Jun 2026
Ownership as of
Sept 2026

Vadodara-based EPC contractor and developer executing solar power, road (BOT), railway-earthwork and infrastructure projects across India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue57.4 ₹ crore−32.1% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin19.2 %+1.9 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit4.5 ₹ crore−35.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity11.56 %−1.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin6.28 %−4.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-20.15 %−50.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Price

₹7.11 −0.70% · −₹0.05

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −37.4% 1Y

₹7.0₹8.0₹9.0₹10.0₹11.0₹12.0Oct 25Dec 25Jan 26Mar 26May 26Jul 26Aug 26Oct 26

1Y: ₹11.36 on 24 Oct 2025 → ₹7.11. High ₹11.75 (2 Jan 2026), low ₹6.95 (22 Oct 2026).

Previous close
₹7.16
Market cap
₹190 Cr
52-week range
₹6.95 – ₹11.75
One year
−37.41%
Price to earnings (TTM to Jun 2026)
7.25×
Return on equity (TTM to Jun 2026)
11.56%

Overview

Symbol
NSE:MADHAVIPL
Industry
Industrials
Exchange
NSE
Currency
INR

What Madhav Infra Projects Limited does

Based on the company's own presentations, annual report and earnings calls.

Madhav Infra Projects is a professionally managed EPC (Engineering, Procurement and Construction) contractor and developer headquartered in Vadodara, Gujarat, operating across Power/Renewable Energy, Roads, Industrial Infrastructure and Real Estate. As a solar power solutions provider it handles feasibility and viability studies, supply, execution, commissioning, and operation & maintenance of solar projects with a Pan-India presence. It also executes road (including BOT), railway earthwork, and general infrastructure contracts nationwide for clients such as Gujarat Industries Power Company Limited, NTPC SAIL Power Co. Ltd and Western Railway.

Segments

  • Power / Renewable Energy
  • Roads
  • Industrial Infrastructure
  • Real Estate
Solar EPC project awarded (FY25)
75 MW Solar Power Project, Gujarat (client: Gujarat Industries Power Company Ltd)
Floating solar project awarded (FY25)
15 MW Floating Solar Power Project, Chhattisgarh (client: NTPC SAIL Power Co. Ltd)
Railway earthwork project length
18.46 km (Amjhera–Sardarpur section, Dahod–Indore new BG line, for Western Railway)
Geographic reach
Pan-India presence in solar EPC and O&M
Business segments
Power (Renewable Energy), Roads, Industrial Infrastructure, Real Estate
BOT road projects executed (legacy)
Hoshangabad–Harda–Khandwa Road, Bhopal–Dewas 4-laning, Khandwa–Khargaon Road
Founded 1992Headquarters Vadodara, Gujarat Company website

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