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Madhucon Projects Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹424.12Undervalued by 8,382.40%vs CMP ₹5.00

P/E (15.0) × ROE (15.0%) × BV (₹231.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹144.83Undervalued by 2,796.60%vs CMP ₹5.00
MoS: +96.5% (Strong)Confidence: 50/100 (Moderate)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹204.2163%Under (+3984.2%)
Revenue MultipleRevenue₹45.8738%Under (+817.4%)
Consensus (2 models)₹144.83100%Undervalued
Key Drivers: EPS CAGR -51.9% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -51.9% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Analyst Summary

Madhucon Projects Ltd operates in the Construction, Contracting & Engineering segment, current market price is ₹5.00, market cap is 36.9 Cr.. At a glance, ROE is %, ROCE is 27.6 %, book value is 231, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹144.83, which is about 2,796.6% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹677 Cr versus the prior period change of -41.8%, while latest net profit is about ₹-523 Cr with a prior-period change of -757.4%. The 52-week range shown on this page is 9.53/3.61, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMadhucon Projects Ltd. is a Public Limited Listed company incorporated on 15/03/1990 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Madhucon Projects Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

46
Madhucon Projects Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 27.6% ExcellentROE 0.0% WeakD/E -1.98 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 59.1% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-15% → -34%) DecliningWorking capital: -1,011 days (improving) Efficient
Quarterly Momentum35/100 · Weak
Revenue (4Q): -41% YoY Declining
Industry Rank55/100 · Moderate
ROCE 27.6% vs industry 16.4% Above peers3Y sales CAGR: -11% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:14 pm

Market Cap 36.9 Cr.
Current Price 5.00
Intrinsic Value₹144.83
High / Low 9.53/3.61
Stock P/E
Book Value 231
Dividend Yield0.00 %
ROCE27.6 %
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

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modern Engineering and Projects Ltd 65.0 Cr. 42.1 49.9/24.83.72 39.40.00 %20.5 %25.9 % 10.0
Modis Navnirman Ltd 707 Cr. 361 409/22586.2 46.50.00 %12.9 %9.88 % 10.0
Modulex Construction Technologies Ltd 133 Cr. 18.7 30.4/17.0 44.70.00 %2.51 %1.54 % 10.0
MPDL Ltd 30.4 Cr. 41.0 60.6/29.4 1270.00 %2.87 %4.16 % 10.0
IITL Projects Ltd 20.3 Cr. 40.7 73.9/33.014.7 2.120.00 %16.6 %% 10.0
Industry Average3,776.90 Cr172.3341.94125.440.17%16.37%21.40%21.58

All Competitor Stocks of Madhucon Projects Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 231445211257276421236190111139157129139
Expenses 338595238309273642255392137175194180169
Operating Profit -107-150-28-523-221-18-202-26-36-36-51-30
OPM % -46%-34%-13%-20%1%-53%-8%-106%-23%-26%-23%-39%-21%
Other Income 12572720441237262056737475451
Interest 7253382743527666
Depreciation 60662109122101248426131131131
Profit before tax -49-109-21-20-17-13-7-12-447-52-127-133-116
Tax % 1%-11%-4%-5%-13%-46%57%-55%-0%18%0%-2%0%
Net Profit -50-97-20-19-14-7-10-5-446-61-127-131-116
EPS in Rs -5.81-10.48-2.65-2.42-1.690.65-1.30-0.61-57.22-5.27-15.97-16.36-14.45

Last Updated: March 4, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,6182,0382,5991,5761,0359427349099481,1621,164677565
Expenses 1,2601,3831,6541,2121,0108856879451,0121,4151,463959718
Operating Profit 358655945365265747-36-63-253-299-282-153
OPM % 22%32%36%23%2%6%6%-4%-7%-22%-26%-42%-27%
Other Income 16147101254841-924135127902301335189
Interest 4265157487518352791502463147413946
Depreciation 1431982222692492247212914179932531418
Profit before tax -1958876-630-1,010-405-1,099-276-108-197-71-518-428
Tax % 13%94%68%2%-4%-6%1%-5%17%-10%-14%1%
Net Profit -216625-644-966-381-1,115-262-127-177-61-523-435
EPS in Rs -30.33-0.482.78-98.22-117.33-46.60-144.43-31.63-14.41-19.47-6.11-64.40-52.05
Dividend Payout % -0%-42%0%-0%-0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)102.78%316.67%-2676.00%-50.00%60.56%-192.65%76.50%51.53%-39.37%65.54%-757.38%
Change in YoY Net Profit Growth (%)0.00%213.89%-2992.67%2626.00%110.56%-253.21%269.15%-24.98%-90.90%104.91%-822.91%

Madhucon Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-10%
5 Years:-2%
3 Years:-11%
TTM:-50%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-1560%
Stock Price CAGR
10 Years:-19%
5 Years:17%
3 Years:-2%
1 Year:-58%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 10:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:35 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7777777777777
Reserves -301-322-296-829-1,775-2,130-2,438-1,892-2,095-1,927-1,510-1,475-1,715
Borrowings 5,9546,4536,7296,7486,9947,0704,4464,2414,1784,0113,9133,5543,395
Other Liabilities 1,6872,0672,0132,3032,6652,7582,9512,9783,4132,0191,8021,5261,701
Total Liabilities 7,3478,2058,4548,2297,8927,7054,9665,3355,5034,1104,2133,6123,388
Fixed Assets 4,1345,5755,2894,7914,5524,3361,23674967753169124106
CWIP 1,9751,6231511501501511516135502328787138
Investments 61321139717547541111
Other Assets 1,2339943,0133,2873,1893,2152,6083,2183,5223,8253,9563,4003,143
Total Assets 7,3478,2058,4548,2297,8927,7054,9665,3355,5034,1104,2133,6123,388

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3741,509-301683571190-587-405232-241-25685
Cash from Investing Activity + -534-1,366466107-232,843839-15894946751
Cash from Financing Activity + 226-175-162-859-588-204-2,209-451-43-720-261-109
Net Cash Flow 66-322-68-20-1147-1630-13-4927
Free Cash Flow -8551351477745631822,349-581226-98-259-402
CFO/OP 112%240%-25%203%2,237%390%-1,252%1,272%-215%96%86%-30%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow353.00649.00939.00359.0020.0050.0043.00-40.00-67.00-257.00-302.00-285.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 39265749111458262113
Inventory Days 7054282254311763111
Days Payable 15012220019030832028025829316214277
Cash Conversion Cycle -40-43-116-119-243-276-204-250-284-159-130-73
Working Capital Days -239-379-340-726-1,497-1,757-1,882-941-1,090-666-625-1,011
ROCE %4%8%13%2%-3%-2%1%-1%-4%-8%-2%-28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%59.08%
FIIs 0.03%0.03%0.03%0.03%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 40.90%40.90%40.89%40.89%40.90%40.92%40.91%40.92%40.93%40.93%40.93%40.92%
No. of Shareholders 19,69719,70419,39519,68819,71419,61520,60620,51020,64320,66720,43520,219

Shareholding Pattern Chart

No. of Shareholders

Madhucon Projects Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -64.40-6.11-19.47-14.41-31.63
Diluted EPS (Rs.) -64.40-6.11-19.47-14.41-31.63
Cash EPS (Rs.) 1.06-3.9183.990.53-19.29
Book Value[Excl.RevalReserv]/Share (Rs.) -198.28-202.98-259.28-298.54-267.68
Book Value[Incl.RevalReserv]/Share (Rs.) -198.28-202.98-259.28-298.54-267.68
Revenue From Operations / Share (Rs.) 91.39157.20157.00128.07122.81
PBDIT / Share (Rs.) 7.070.3287.657.3012.00
PBIT / Share (Rs.) -64.67-3.98-20.26-11.74-5.39
PBT / Share (Rs.) -69.92-9.57-26.63-15.98-38.58
Net Profit / Share (Rs.) -70.68-8.21-23.93-18.50-36.68
NP After MI And SOA / Share (Rs.) -64.19-6.09-19.41-14.36-31.53
PBDIT Margin (%) 7.730.2055.835.699.76
PBIT Margin (%) -70.76-2.52-12.90-9.16-4.38
PBT Margin (%) -76.50-6.08-16.96-12.47-31.41
Net Profit Margin (%) -77.33-5.22-15.24-14.44-29.86
NP After MI And SOA Margin (%) -70.23-3.87-12.36-11.21-25.67
Return on Capital Employeed (%) -1083.78113.5835.91-13.97-4.36
Return On Assets (%) -13.15-1.07-3.49-1.93-4.37
Long Term Debt / Equity (X) -0.99-1.05-0.86-1.12-1.27
Total Debt / Equity (X) -2.42-2.54-1.68-1.76-1.98
Asset Turnover Ratio (%) 0.170.270.240.180.17
Current Ratio (X) 0.490.530.540.440.48
Quick Ratio (X) 0.490.530.540.440.48
Inventory Turnover Ratio (X) 347.940.000.000.000.00
Interest Coverage Ratio (X) 1.350.0513.771.720.36
Interest Coverage Ratio (Post Tax) (X) -12.47-0.46-2.76-3.37-0.10
Enterprise Value (Cr.) 3000.653357.312724.443474.053601.51
EV / Net Operating Revenue (X) 4.442.882.343.663.96
EV / EBITDA (X) 57.311412.954.2064.3040.56
MarketCap / Net Operating Revenue (X) 0.060.050.020.040.04
Price / BV (X) -0.02-0.04-0.01-0.02-0.02
Price / Net Operating Revenue (X) 0.060.050.020.040.04
EarningsYield -10.95-0.66-5.63-2.51-5.99

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Telangana, 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. 580.32 Cr. and Equity Capital is Rs. 7.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringH.No.1-7-70, Madhu Complex, Jublipura, Khammam Telangana 507003Contact not found
Management
NamePosition Held
Mr. Ramadas KasarneniChairman & Ind.Director
Mr. Mohammad ShafiJoint Managing Director
Mrs. Lakshmi KumariIndependent Woman Director
Mr. K VenkateswarluDirector & CFO
Mrs. Geeta BattulaIndependent Director

FAQ

What is the intrinsic value of Madhucon Projects Ltd and is it undervalued?

As of 29 April 2026, Madhucon Projects Ltd's intrinsic value is ₹144.83, which is 2796.60% higher than the current market price of ₹5.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹231), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Madhucon Projects Ltd?

Madhucon Projects Ltd is trading at ₹5.00 as of 29 April 2026, with a FY2026-2027 high of ₹9.53 and low of ₹3.61. The stock is currently near its 52-week low. Market cap stands at ₹36.9 Cr..

How does Madhucon Projects Ltd's P/E ratio compare to its industry?

Madhucon Projects Ltd has a P/E ratio of , which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is Madhucon Projects Ltd financially healthy?

Key indicators for Madhucon Projects Ltd: ROCE of 27.6 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Madhucon Projects Ltd profitable and how is the profit trend?

Madhucon Projects Ltd reported a net profit of ₹-523 Cr in Mar 2025 on revenue of ₹677 Cr. Compared to ₹-127 Cr in Mar 2022, the net profit shows a mixed trend.

Does Madhucon Projects Ltd pay dividends?

Madhucon Projects Ltd has a dividend yield of 0.00 % at the current price of ₹5.00. The company is currently not paying meaningful dividends.

Last Updated: April 25, 2026, 11:14 pm
Author: Getaka|Social: XLinkedIn
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
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