Madhucon Projects share price & results
- Jun 2026
- Jun 2026
PAN-India civil construction and EPC contractor executing transportation, irrigation and industrial infrastructure projects.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 27.8 | −79.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -24.5 | +8.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.36 | +157.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 16.55 | −8.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -50.36 | +9.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -25.63 | +23.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −44.8% 1Y
1Y: ₹7.21 on 24 Oct 2025 → ₹3.98. High ₹7.38 (30 Oct 2025), low ₹3.74 (30 Mar 2026).
- Previous close
- ₹4.02
- Market cap
- ₹29 Cr
- 52-week range
- ₹3.74 – ₹7.38
- One year
- −43.55%
- Return on equity (TTM to Jun 2026)
- 16.55%
Overview
- Symbol
- NSE:MADHUCON
- Sector
- Construction
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Madhucon Projects Limited does
Based on the company's own presentations, annual report and earnings calls.
Madhucon Projects Limited is a civil-construction and infrastructure-engineering company that executes large civil works across India as a contractor. It operates through three business divisions: Transportation (highways, tunnels, railways, flyovers), Irrigation (canals, dams, tunnels, spillways, pump houses and lift-irrigation schemes), and Industrial Projects (coal handling plants and other industrial civil works). It earns by executing these construction contracts for government and infrastructure clients on a project-by-project basis.
Segments
- Transportation
- Irrigation Projects
- Industrial Projects
- Business divisions
- 3 (Transportation, Irrigation, Industrial Projects)
- Geographic footprint
- PAN-India project execution
- Quality certification
- ISO 9001:2008 certified
- Operating track record
- 35+ years (incorporated 1990)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +157% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 163 | 90 | 118 | 135 | 108 | 117 | 104 | 28 |
| Expenses | 373 | 127 | 129 | 180 | 158 | 161 | 149 | 35 |
| Operating profit | -210 | -37 | -11 | -45 | -51 | -44 | -45 | -7 |
| Operating margin | −128.9% | −41.2% | −9.3% | −33.4% | −47.1% | −37.5% | −43.1% | −24.5% |
| Other income | 204 | 35 | 11 | 46 | 53 | 50 | 47 | 6 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -9 | -4 | -1 | 0 | 2 | 6 | 2 | -1 |
| Tax rate | −72.6% | −27.6% | 758.5% | 65.9% | −120.2% | 6.3% | 53.2% | −126.5% |
| Net profit | -2 | -3 | -11 | 0 | 5 | 5 | 1 | 0 |
| EPS (₹ per share) | -0.33 | -0.40 | -1.43 | 0.02 | 0.64 | 0.73 | 0.12 | 0.05 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 954 | 580 | 464 |
| Expenses | 1,213 | 863 | 649 |
| Operating profit | -258 | -283 | -185 |
| Other income | 252 | 276 | 197 |
| Interest | 7 | 2 | 0 |
| Depreciation | 6 | 6 | 2 |
| Profit before tax | -20 | -15 | 10 |
| Net profit | -10 | -21 | 11 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 522 | 527 | 517 | 496 | -1,715 | 507 |
| Borrowings | 716 | 533 | 367 | 68 | 3,395 | 190 |
| Other liabilities | 1,225 | 1,086 | 1,036 | 802 | 1,701 | 454 |
| Total liabilities | 2,470 | 2,154 | 1,928 | 1,373 | 3,388 | 1,158 |
| Fixed assets | 38 | 32 | 29 | 21 | 106 | 16 |
| Capital work in progress | 0 | 0 | 0 | 0 | 138 | 0 |
| Investments | 1,488 | 1,398 | 1,093 | 742 | 1 | 431 |
| Other assets | 944 | 723 | 806 | 611 | 3,143 | 711 |
| Total assets | 2,470 | 2,154 | 1,928 | 1,373 | 3,388 | 1,158 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 37 | 19 | 178 | 175 | 267 | 66 |
| Cash from investing | -7 | 1 | 1 | -1 | 35 | 4 |
| Cash from financing | -27 | -20 | -185 | -173 | -302 | -36 |
| Net cash flow | 4 | 0 | -6 | 1 | 0 | 34 |
| Free cash flow | 30 | 19 | 178 | 172 | 269 | 68 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 1 | 6 | 2 | 17 | 2 | 4 |
| Inventory days | 51 | 14 | 5 | 0 | 0 | 0 |
| Days payable | 2410 | 2200 | 1131 | 164 | — | — |
| Cash conversion cycle | -2358 | -2179 | -1124 | -147 | 2 | 4 |
| Working capital days | -973 | -878 | -526 | -356 | -236 | -163 |
| Return on capital employed | −4.0% | −1.0% | −1.0% | −1.0% | −2.0% | 2.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 59.08% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 59.08%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 40.92%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.46% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Madhucon Projects Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 14.54% | unchanged | |
| 10.90% | unchanged | |
| 8.34% | unchanged | |
| 4.94% | unchanged | |
| 4.17% | unchanged | |
| 4.05% | unchanged | |
| 2.83% | unchanged | |
| 1.75% | unchanged | |
| 1.50% | unchanged | |
| 1.50% | unchanged | |
| 1.46% | newly disclosed | |
| 1.42% | 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.
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