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Last Updated on: 13 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Madhucon Projects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 10, 2024, 10:14 pm

Market Cap 84.6 Cr.
Current Price 11.5
High / Low19.7/6.03
Stock P/E
Book Value 203
Dividend Yield0.00 %
ROCE1.65 %
ROE%
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Madhucon Projects Ltd

Competitors of Madhucon Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 30.6 Cr. 61.367.7/15.09.50 70.70.00 %%% 10.0
HB Estate Developers Ltd 206 Cr. 106125/41.034.2 76.60.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,133 Cr. 57.563.9/13.318.1 12.70.51 %%% 1.00
Gyan Developers & Builders Ltd 7.20 Cr. 24.033.8/6.4237.9 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 61.3 Cr. 129163/84.0 96.90.00 %1.27 %9.45 % 1.00
Industry Average18,753.13 Cr280.7543.16127.370.15%24.93%17.75%22.76

All Competitor Stocks of Madhucon Projects Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales182190446140226240342200286231445211257
Expenses228182429155182251417201282338595238309
Operating Profit-46817-1444-11-75-15-107-150-28-52
OPM %-25%4%4%-10%19%-5%-22%-1%2%-46%-34%-13%-20%
Other Income471956122858337121257272044
Interest118217348-1-128772533
Depreciation20343335353535383960662109
Profit before tax-30-15-178-41-12-41-15-10-29-49-109-21-20
Tax %29%-13%2%1%16%-17%-94%92%-3%-1%11%4%5%
Net Profit-22-17-174-41-10-48-29-1-30-50-97-20-19
EPS in Rs-2.51-2.15-20.63-4.72-0.50-5.72-3.470.65-3.83-5.81-10.48-2.65-2.42

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5528931,6182,0382,5991,5761,0359427349099481,1621,188
Expenses5066081,2601,3831,6541,2121,0108856879451,0121,4151,416
Operating Profit46285358655945365265747-36-63-253-227
OPM %8%32%22%32%36%23%2%6%6%-4%-7%-22%-19%
Other Income211416147101254841-924135127902792
Interest200363426515748751835279150246314740
Depreciation15724914319822226924922472129141799692
Profit before tax-289-313-1958876-630-1,010-405-1,099-276-108-197-167
Tax %-14%4%-13%94%68%-2%4%6%-1%5%-17%10%
Net Profit-329-298-216625-644-966-381-1,115-262-127-177-151
EPS in Rs-41.27-37.50-30.33-0.482.78-98.22-117.33-46.60-144.43-31.63-14.41-19.47-17.24
Dividend Payout %-0%-0%-0%-42%0%-0%-0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)9.42%27.52%102.78%316.67%-2676.00%-50.00%60.56%-192.65%76.50%51.53%-39.37%
Change in YoY Net Profit Growth (%)0.00%18.09%75.26%213.89%-2992.67%2626.00%110.56%-253.21%269.15%-24.98%-90.90%

Madhucon Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:4%
3 Years:9%
TTM:-2%
Compounded Profit Growth
10 Years:6%
5 Years:13%
3 Years:22%
TTM:79%
Stock Price CAGR
10 Years:-11%
5 Years:19%
3 Years:31%
1 Year:75%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 3:21 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital777777777777
Reserves-90-301-322-296-829-1,775-2,130-2,438-1,892-2,095-1,927-1,510
Borrowings5,4395,9546,4536,7296,7486,9947,0704,4464,2414,1784,0113,913
Other Liabilities1,6061,6872,0672,0132,3032,6652,7582,9512,9783,4132,0191,802
Total Liabilities6,9637,3478,2058,4548,2297,8927,7054,9665,3355,5034,1104,213
Fixed Assets3,5014,1345,5755,2894,7914,5524,3361,23674967753169
CWIP2,1891,9751,62315115015015115161355023287
Investments16613211397175475411
Other Assets1,2571,2339943,0133,2873,1893,2152,6083,2183,5223,8253,956
Total Assets6,9637,3478,2058,4548,2297,8927,7054,9665,3355,5034,1104,213

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 4343741,509-301683571190-587-405232-241-250
Cash from Investing Activity -812-534-1,366466107-232,843839-158949467
Cash from Financing Activity 299226-175-162-859-588-204-2,209-451-43-720-261
Net Cash Flow-7966-322-68-20-1147-1630-13-43

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow46.00280.00353.00649.00939.00359.0020.0050.0043.00-40.00-67.00-257.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1493926574911145826211
Inventory Days205705428225431176311
Days Payable1,276150122200190308320280258293162142
Cash Conversion Cycle-922-40-43-116-119-243-276-204-250-284-159-130
Working Capital Days-269-133-260-82-403-957-737-781-403-579-17877
ROCE %1%4%8%13%2%-3%-2%1%-1%-4%-8%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters58.96%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%
FIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.00%
Public41.01%40.90%40.90%40.90%40.88%40.89%40.90%40.90%40.89%40.89%40.90%40.92%
No. of Shareholders17,12418,51619,42419,31519,39719,71719,69719,70419,39519,68819,71419,615

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-6.11-19.47-14.41-31.63-144.43
Diluted EPS (Rs.)-6.11-19.47-14.41-31.63-144.43
Cash EPS (Rs.)-3.9183.990.53-19.29-140.95
Book Value[Excl.RevalReserv]/Share (Rs.)-268.52-318.40-298.54-267.68-337.38
Book Value[Incl.RevalReserv]/Share (Rs.)-268.52-318.40-298.54-267.68-337.38
Revenue From Operations / Share (Rs.)157.20157.00128.07122.8199.16
PBDIT / Share (Rs.)0.3287.657.3012.0012.55
PBIT / Share (Rs.)-3.98-20.26-11.74-5.392.88
PBT / Share (Rs.)-9.57-26.63-15.98-38.58-148.48
Net Profit / Share (Rs.)-8.21-23.93-18.50-36.68-150.62
NP After MI And SOA / Share (Rs.)-6.09-19.41-14.36-31.53-143.97
PBDIT Margin (%)0.2055.835.699.7612.65
PBIT Margin (%)-2.52-12.90-9.16-4.382.90
PBT Margin (%)-6.08-16.96-12.47-31.41-149.72
Net Profit Margin (%)-5.22-15.24-14.44-29.86-151.88
NP After MI And SOA Margin (%)-3.87-12.36-11.21-25.67-145.18
Return on Capital Employeed (%)113.5835.91-13.97-4.36-6.84
Return On Assets (%)-1.07-3.49-1.93-4.37-21.46
Long Term Debt / Equity (X)-1.05-0.86-1.12-1.27-0.73
Total Debt / Equity (X)-2.54-1.68-1.76-1.98-1.63
Asset Turnover Ratio (%)0.000.240.180.170.10
Current Ratio (X)0.530.540.440.480.29
Quick Ratio (X)0.530.540.440.480.29
Inventory Turnover Ratio (X)0.00222.500.000.000.00
Interest Coverage Ratio (X)0.0513.771.720.360.61
Interest Coverage Ratio (Post Tax) (X)-0.46-2.76-3.37-0.100.03
Enterprise Value (Cr.)3357.312724.443474.053601.513826.90
EV / Net Operating Revenue (X)2.882.343.663.965.21
EV / EBITDA (X)1412.954.2064.3040.5641.18
MarketCap / Net Operating Revenue (X)0.050.020.040.040.01
Price / BV (X)-0.04-0.01-0.02-0.020.00
Price / Net Operating Revenue (X)0.050.020.040.040.01
EarningsYield-0.66-5.63-2.51-5.99-91.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Madhucon Projects Ltd as of November 13, 2024 is: 465.89

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 13, 2024, Madhucon Projects Ltd is Undervalued by 3,951.22% compared to the current share price 11.50

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Madhucon Projects Ltd as of November 13, 2024 is: 1,229.86

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 13, 2024, Madhucon Projects Ltd is Undervalued by 10,594.43% compared to the current share price 11.50

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 163.98%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -392.08, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -232.17, which is a positive sign.
  1. The stock has a low average ROCE of 0.75%, which may not be favorable.
  2. The company has higher borrowings (5,514.67) compared to reserves (-1,300.42), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (383.62) and profit (-186.00).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Madhucon Projects Ltd:
    1. Net Profit Margin: -5.22%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 113.58% (Industry Average ROCE: 24.93%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 17.75%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.46
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.53
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 43.16)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: -2.54
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Madhucon Projects Ltd. is a Public Limited Listed company incorporated on 15/03/1990 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L74210TG1990PLC011114 and registration number is 011114. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 706.15 Cr. and Equity Capital is Rs. 7.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringH.No.1-7-70, Madhu Complex, Jublipura Khammam Telangana 507003cs@madhucon.com
http://www.madhucon.com
Management
NamePosition Held
Mr. Ramadas KasarneniChairman & Ind.Director
Mr. Nama SeethaiahManaging Director
Mr. Mohammad ShafiWhole Time Director
Mr. Madhu MalampatiNon Exe.Non Ind.Director
Mr. Potla Madhava RaoIndependent Director
Mrs. Lakshmi Kumari ChinthapalliIndependent Woman Director

FAQ

What is the latest fair value of Madhucon Projects Ltd?

The latest fair value of Madhucon Projects Ltd is ₹465.89.

What is the Market Cap of Madhucon Projects Ltd?

The Market Cap of Madhucon Projects Ltd is 84.6 Cr..

What is the current Stock Price of Madhucon Projects Ltd as on 12 November 2024?

The current stock price of Madhucon Projects Ltd as on 12 November 2024 is 11.5.

What is the High / Low of Madhucon Projects Ltd stocks in FY 2024?

In FY 2024, the High / Low of Madhucon Projects Ltd stocks is 19.7/6.03.

What is the Stock P/E of Madhucon Projects Ltd?

The Stock P/E of Madhucon Projects Ltd is .

What is the Book Value of Madhucon Projects Ltd?

The Book Value of Madhucon Projects Ltd is 203.

What is the Dividend Yield of Madhucon Projects Ltd?

The Dividend Yield of Madhucon Projects Ltd is 0.00 %.

What is the ROCE of Madhucon Projects Ltd?

The ROCE of Madhucon Projects Ltd is 1.65 %.

What is the ROE of Madhucon Projects Ltd?

The ROE of Madhucon Projects Ltd is %.

What is the Face Value of Madhucon Projects Ltd?

The Face Value of Madhucon Projects Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Madhucon Projects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE