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Madhucon Projects Limited
NSE: MADHUCON · Unclassified
₹3.99+0.00%06 Nov 2026
Ask the data
Instant answers about Madhucon Projects Limited — computed from its filings, no language modelMarket cap₹29 cr
Current price₹3.99
High / Low₹7 / ₹4
P/E—
P/B—
Book value₹-254.6
ROE—
ROCE-0.5%
Debt / equity—
Dividend yield—
EPS (TTM)₹-2.89
Face value₹1
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY20 | FY21 | FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|---|---|
| Revenue | 942 | 909 | 948 | 1,162 | 1,164 | 552 |
| EBITDA | 57 | -36 | -63 | -253 | -299 | -147 |
| Operating margin | 6.1% | -4.0% | -6.7% | -21.7% | -25.7% | -26.6% |
| Interest | 279 | 246 | 31 | 47 | 41 | 1 |
| Depreciation | 224 | 129 | 141 | 799 | 32 | 523 |
| Profit before tax | -405 | -276 | -108 | -197 | -71 | -471 |
| Tax | -25 | -14 | 19 | -20 | -10 | -1 |
| Net profit | -344 | -233 | -106 | -144 | -45 | -445 |
| EPS ₹ | -46.60 | -31.63 | -14.41 | -19.47 | -6.11 | -60.24 |
| Operating cash flow | — | — | 244 | -241 | -250 | 204 |
| Capex | — | — | 6 | -144 | 3 | 0 |
| Dividend paid | — | — | 0 | 0 | 0 | 0 |
| Total assets | — | — | — | 4,110 | 4,213 | 3,135 |
| Equity | — | — | — | -1,920 | -1,503 | -1,879 |
Half-yearly performance
last 11 half years · ₹ crore| H1 FY20 | H2 FY20* | H1 FY21 | H2 FY21* | H1 FY22 | H2 FY22* | H1 FY23 | H2 FY23* | H1 FY24 | H2 FY24* | H1 FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 245 | 698 | 273 | 636 | 366 | 582 | 486 | 676 | 467 | 697 | 426 |
| Operating profit | 7 | 51 | -61 | 25 | 29 | -93 | 4 | -256 | -80 | -219 | -220 |
| Operating margin | 2.7% | 7.3% | -22.2% | 3.9% | 8.1% | -16.0% | 0.7% | -37.9% | -17.2% | -31.4% | -51.7% |
| Other income | 21 | 20 | 60 | 65 | 40 | 78 | 49 | 852 | 64 | 237 | 231 |
| Interest | 19 | 260 | 20 | 226 | 51 | -20 | 15 | 32 | 6 | 35 | 7 |
| Depreciation | 133 | 92 | 62 | 66 | 71 | 70 | 77 | 722 | 19 | 13 | 22 |
| Profit before tax | -124 | -281 | -83 | -193 | -53 | -56 | -39 | -158 | -41 | -29 | -18 |
| Tax | 11 | -36 | -12 | -2 | -2 | 21 | -8 | -12 | -2 | -8 | -3 |
| Net profit | -122 | -222 | -65 | -168 | -38 | -68 | -31 | -113 | -39 | -6 | -16 |
| EPS ₹ | -16.51 | -30.09 | -8.84 | -22.79 | -5.22 | -9.19 | -3.17 | -16.30 | -5.06 | -1.05 | -1.91 |
| Revenue YoY | — | — | 11.7% | -8.9% | 33.9% | -8.4% | 32.8% | 16.2% | -3.9% | 3.0% | -8.7% |
Earlier results (standalone, Sep '07 – Mar '19)
₹ crore · from BSE, before the NSE XBRL filings beginMadhucon Projects Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | FY19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,036 | 1,306 | 1,705 | 1,802 | 1,045 | 865 | 1,137 | 718 | 693 | 664 | 670 |
| Operating profit | 120 | 130 | 185 | 204 | 181 | 191 | 200 | 148 | 150 | 101 | 93 |
| Operating margin | 11.6% | 9.9% | 10.9% | 11.3% | 17.3% | 22.0% | 17.6% | 20.6% | 21.6% | 15.2% | 13.8% |
| Other income | 15 | 9 | 5 | 17 | 19 | 32 | 28 | 22 | 17 | 21 | 15 |
| Interest | 13 | 26 | 62 | 109 | 111 | 126 | 128 | 105 | 98 | 93 | 106 |
| Depreciation | 43 | 45 | 47 | 51 | 55 | 47 | 38 | 32 | 25 | 19 | 8 |
| Profit before tax | 76 | 68 | 81 | 61 | 34 | 50 | 62 | 32 | 44 | 10 | -6 |
| Tax | 27 | 25 | 30 | 25 | 11 | 18 | 13 | 7 | 14 | -2 | -25 |
| Net profit | 49 | 43 | 51 | 37 | 24 | 32 | 49 | 25 | 30 | 12 | 19 |
Quarters
| SEP '07† | DEC '07† | MAR '08† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | MAR '11† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | MAR '18† | JUN '18† | SEP '18† | DEC '18† | MAR '19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 159 | 201 | 235 | 240 | 243 | 227 | 326 | 285 | 255 | 280 | 486 | 407 | 352 | 352 | 593 | 329 | 416 | 625 | 432 | 336 | 319 | 229 | 161 | 109 | 230 | 178 | 349 | 151 | 255 | 431 | 301 | 204 | 140 | 122 | 251 | 180 | 138 | 152 | 224 | 211 | 118 | 114 | 220 | 160 | 149 | 171 | 190 |
| Operating profit | 30 | 27 | 27 | 32 | 40 | 23 | 24 | 36 | 29 | 35 | 31 | 43 | 34 | 45 | 63 | 46 | 54 | 53 | 51 | 47 | 55 | 41 | 38 | 37 | 48 | 45 | 60 | 33 | 42 | 56 | 70 | 46 | 43 | 35 | 24 | 35 | 37 | 40 | 39 | 34 | 31 | 27 | 8 | 19 | 21 | -5 | 57 |
| Operating margin | 18.6% | 13.2% | 11.7% | 13.5% | 16.6% | 10.3% | 7.4% | 12.5% | 11.2% | 12.4% | 6.4% | 10.7% | 9.7% | 12.7% | 10.6% | 14.1% | 13.0% | 8.4% | 11.8% | 14.0% | 17.1% | 18.0% | 23.7% | 34.4% | 20.8% | 25.5% | 17.2% | 21.6% | 16.6% | 13.0% | 23.2% | 22.4% | 30.5% | 28.2% | 9.8% | 19.2% | 26.7% | 26.2% | 17.4% | 16.4% | 26.3% | 23.3% | 3.8% | 12.0% | 14.2% | -2.9% | 30.2% |
| Other income | 2 | 3 | 5 | 1 | 2 | 4 | 7 | 2 | 5 | 1 | 0 | 0 | 1 | 1 | 3 | 1 | 1 | 2 | 14 | 1 | 4 | 5 | 9 | 7 | 10 | 7 | 8 | 18 | 2 | 2 | 5 | 1 | 2 | 1 | 18 | 4 | 6 | 5 | 3 | 1 | 1 | 1 | 17 | 2 | 4 | 7 | 2 |
| Interest | 5 | 2 | 4 | 4 | 6 | 1 | 2 | 7 | 4 | 7 | 8 | 10 | 12 | 15 | 25 | 21 | 32 | 30 | 27 | 24 | 33 | 30 | 24 | 28 | 33 | 34 | 31 | 30 | 25 | 28 | 45 | 27 | 30 | 22 | 26 | 24 | 25 | 26 | 24 | 22 | 21 | 18 | 32 | 24 | 33 | 7 | 42 |
| Depreciation | 10 | 9 | 6 | 10 | 14 | 9 | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 12 | 14 | 13 | 14 | 14 | 14 | 13 | 13 | 13 | 8 | 11 | 9 | 8 | 9 | 9 | 9 | 9 | 5 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 17 | 18 | 23 | 20 | 22 | 16 | 18 | 20 | 18 | 18 | 11 | 22 | 11 | 18 | 30 | 14 | 10 | 13 | 24 | 12 | 11 | 2 | 10 | 4 | 11 | 5 | 29 | 9 | 11 | 22 | 20 | 11 | 5 | 5 | 11 | 8 | 12 | 12 | 12 | 8 | 5 | 3 | -7 | -4 | -10 | -7 | 15 |
| Tax | 3 | 5 | 5 | 5 | 10 | 3 | 10 | 7 | 6 | 7 | 5 | 8 | 5 | 7 | 10 | 6 | 4 | 5 | 9 | 5 | 6 | 0 | 0 | 2 | 2 | 4 | 10 | 3 | 1 | 5 | 4 | 2 | 1 | 1 | 2 | 2 | 3 | 3 | 7 | 3 | 2 | 2 | -9 | 0 | -5 | -3 | -17 |
| Net profit | 14 | 13 | 18 | 15 | 13 | 14 | 8 | 13 | 12 | 11 | 7 | 13 | 7 | 12 | 19 | 8 | 6 | 8 | 15 | 7 | 5 | 2 | 9 | 2 | 9 | 2 | 19 | 6 | 10 | 17 | 16 | 9 | 4 | 4 | 9 | 6 | 9 | 10 | 5 | 5 | 3 | 1 | 2 | -4 | -5 | -4 | 32 |
| EPS ₹ | 14.64 | — | 4.95 | 16.04 | 13.90 | 15.02 | 8.51 | 3.55 | 12.98 | 1.47 | 0.93 | 1.82 | 3.65 | 1.56 | 2.61 | 1.08 | 0.82 | 1.02 | 2.03 | 0.95 | 0.67 | 0.31 | 1.26 | 0.32 | 1.21 | 0.24 | 2.54 | 0.88 | 1.29 | 2.32 | 2.20 | 1.16 | 0.58 | 0.49 | 1.19 | 0.87 | 1.26 | 1.32 | 0.61 | 0.70 | 0.36 | 0.46 | 0.25 | -0.60 | -0.65 | -0.55 | 4.32 |
| Revenue YoY | — | — | — | — | 53.1% | 13.0% | 38.8% | 18.8% | 4.9% | 23.3% | 49.3% | 43.1% | 38.0% | 25.6% | 22.0% | -19.2% | 18.3% | 77.5% | -27.1% | 2.1% | -23.4% | -63.3% | -62.8% | -67.6% | -27.9% | -22.5% | 117.2% | 38.3% | 10.9% | 142.5% | -13.7% | 35.9% | -45.1% | -71.6% | -16.6% | -12.2% | -1.5% | 24.1% | -10.8% | 17.5% | -14.2% | -24.7% | -1.5% | -24.1% | 26.1% | 49.1% | -13.9% |
| Profit YoY | — | — | — | — | -5.1% | 6.8% | -57.0% | -11.6% | -6.6% | -21.5% | -12.2% | 2.9% | -43.8% | 5.7% | 180.0% | -40.8% | -10.1% | -34.4% | -22.5% | -11.9% | -18.0% | -69.4% | -37.9% | -66.7% | 80.0% | -24.7% | 101.4% | 177.4% | 7.1% | 882.2% | -13.4% | 32.4% | -54.9% | -78.6% | -45.7% | -25.3% | 115.1% | 166.0% | -48.7% | -19.5% | -63.6% | -85.0% | -58.8% | -186.3% | -242.1% | -376.7% | 1614.5% |
Returns & margins
trailing-twelve-month, per half year| H2 FY20 | H1 FY21 | H2 FY21 | H1 FY22 | H2 FY22 | H1 FY23 | H2 FY23 | H1 FY24 | H2 FY24 | H1 FY25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE | — | — | — | — | — | -8.6% | -11.5% | -12.0% | -1.3% | -0.5% |
| Net margin | -36.5% | -29.6% | -25.7% | -20.6% | -11.2% | -9.2% | -12.4% | -13.3% | -3.9% | -1.9% |
| EBITDA margin | 6.1% | -1.0% | -4.0% | 5.4% | -6.7% | -8.4% | -21.7% | -29.4% | -25.7% | -39.1% |
| Interest coverage | -0.45 | -0.30 | -0.12 | 0.11 | -2.46 | 18.90 | -3.18 | -4.17 | -0.71 | -0.13 |
| Asset turnover | — | — | — | — | — | 0.19 | 0.28 | 0.29 | 0.28 | 0.27 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '26 | |
|---|---|---|---|---|---|---|
| Share capital | 7 | 7 | 7 | 7 | 7 | 7 |
| Other equity / reserves | -2,165 | -1,927 | -1,823 | -1,510 | -1,508 | -1,886 |
| Total equity | -2,158 | -1,920 | -1,816 | -1,503 | -1,501 | -1,879 |
| Borrowings | 3,311 | 3,219 | 3,156 | 3,813 | 2,577 | 3,657 |
| Current liabilities | 5,896 | 4,527 | 4,225 | 4,238 | 4,273 | 3,444 |
| Non-current liabilities | 2,068 | 1,939 | 2,017 | 1,962 | 1,916 | 2,132 |
| Total assets | 5,657 | 4,110 | 3,953 | 4,213 | 4,197 | 3,135 |
| Property, plant & equipment | 100 | 53 | 53 | 49 | 47 | 36 |
| Capital work-in-progress | 150 | 87 | 87 | 87 | 87 | 87 |
| Investments | 754 | 1 | 1 | 1 | 1 | 1 |
| Inventories | 3 | 4 | 3 | 2 | 2 | 2 |
| Receivables | 51 | 5 | 8 | 36 | 26 | 6 |
| Cash & equivalents | 94 | 82 | 29 | 39 | 59 | 78 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY26 | |
|---|---|---|---|---|
| Cash from operations | 244 | -241 | -250 | 204 |
| Cash from investing | -158 | 949 | 467 | -445 |
| Cash from financing | -56 | -720 | -261 | -258 |
| Capex | 6 | -144 | 3 | 0 |
| Free cash flow | 239 | -98 | -253 | 204 |
| Dividends paid | 0 | 0 | 0 | 0 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹36 cr1%
CWIP₹87 cr3%
Investments₹1 cr0%
Inventories₹2 cr0%
Receivables₹6 cr0%
Cash & equivalents₹78 cr2%
Other assets₹2,926 cr93%
Peer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| Madhucon Projects Limited | 29 | 3.99 | — | — | — |
StoxGud checklist: Bearish setup · 1/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+1.5%
6 months-33.7%
1 year-44.3%
3Y CAGR-11.5%
5Y CAGR-5.2%
10Y CAGR-20.9%
50-day avg₹4.22
200-day avg₹4.96
RSI (14)42
FAQs
What is the share price of Madhucon Projects Limited?
Madhucon Projects Limited (MADHUCON) closed at ₹3.99 on NSE on 06 Nov 2026.
What is the market cap of Madhucon Projects Limited?
₹29 crore at the latest close.
How fast is Madhucon Projects Limited growing?
Madhucon Projects Limited: revenue has compounded at -16.5% a year over three years. Latest-half-year revenue is down 8.7% year on year.
How profitable is Madhucon Projects Limited?
On a trailing-twelve-month basis return on capital employed -0.5%, operating margin -39.1%, net margin -1.9%.
How much debt does Madhucon Projects Limited have?
Debt to equity isn't meaningful for Madhucon Projects Limited (banks borrow as part of their business) or isn't filed yet.
Financials parsed from Madhucon Projects Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Half-yearly from H1 FY20, annual from FY20, balance sheet from Sep '22. * = derived (full year minus the other half). This company is on NSE's SME platform and reports results half-yearly. Information only, not investment advice.
Madhucon Projects Limited · advanced chart