Madhucon Projects
- Market cap
- ₹ 28 Cr.
- P/E
- 1.1x
- 52-week range
- 3.55 – 7.67
- ROCE
- −34%
- Dividend yield
- 0%
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Madhucon Projects Limited is an integrated construction, infrastructure development and management company. The Company is engaged in the business of development and execution of engineering, procurement, and construction (EPC), and turnkey projects in multiple sectors, such as transportation, irrigation, water resource infrastructures, railways, development of smart cities and properties in India. The Company operates through three segments: Construction, Energy, and Toll Highway. The Company's subsidiaries include Madhucon Infra Limited, and Madurai-Tuticorin Expressways Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Madhucon Projects against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)1.1 against a typical 14.4: cheaper than most peers (1st = cheapest).5th of 181
- Sales growth−68.2% against a typical +8.6% from a year earlier.138th of 147
- Share price, 3 months−20.3% against a typical −13.1%.116th of 164
- Size₹ 28 Cr. market value against a typical ₹ 148 Cr. (1st = largest).137th of 156
Latest announcements
Exchange filings and their impact on the company.
- Madhucon confirms continued bank default stress with Rs 130.68 cr indebtedness, keeping funding constrained.
Madhucon Projects disclosed defaults on bank loans for the quarter ended 30 September 2026, naming Punjab National Bank and reporting total financial indebtedness of Rs 130.68 crore. The filing shows nil fund-based outstanding with the stress in non-fund exposure. With revenue shrinking and net worth already deeply negative, continued default keeps bank funding and new project guarantees constrained.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]D ISSUER NOT COOPERATING | — | 23 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2025 | Rating action | [ICRA]D ISSUER NOT COOPERATING | — | ICRA | ₹ 1,400 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results | MADHUCON : 28-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 25, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 28, 2026, To consider and approve the financial results for the period ended March 31, 2026 |
| 25 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 7 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 8 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 9 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 257 | 276 | 421 | 236 | 190 | 111 | 139 | 157 | 129 | 139 | 126 | 50 |
| Expenses | 309 | 273 | 642 | 255 | 392 | 137 | 175 | 194 | 180 | 169 | 156 | 39 |
| Operating Profit | −52 | 3 | −221 | −18 | −202 | −26 | −36 | −36 | −51 | −30 | −30 | 11 |
| OPM % | −20% | 1% | −53% | −8% | −106% | −23% | −26% | −23% | −39% | −21% | −24% | 21% |
| Other Income | 44 | 1 | 237 | 26 | 205 | 67 | 37 | 47 | 54 | 51 | 48 | 6 |
| Interest | 3 | 8 | 27 | 4 | 3 | 5 | 27 | 6 | 6 | 6 | −18 | 0 |
| Depreciation | 9 | 12 | 2 | 10 | 12 | 484 | 26 | 131 | 131 | 131 | 131 | 1 |
| Profit before tax | −20 | −17 | −13 | −7 | −12 | −447 | −52 | −127 | −133 | −116 | −95 | 16 |
| Tax % | −5% | −13% | −46% | 57% | −55% | 0% | 18% | 0% | −2% | 0% | 1% | −11% |
| Net Profit | −19 | −14 | −7 | −10 | −5 | −446 | −61 | −127 | −131 | −116 | −96 | 17 |
| EPS in Rs | −2.42 | −1.69 | 0.65 | −1.3 | −0.61 | −57.22 | −5.27 | −15.97 | −16.36 | −14.45 | −13.46 | 2.23 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −14%
- 5 Years
- −10%
- 3 Years
- −22%
- TTM
- −26%
- 10 Years
- —
- 5 Years
- −38%
- 3 Years
- —
- TTM
- 47%
- 10 Years
- −20%
- 5 Years
- 2%
- 3 Years
- −1%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
Peers
Listed companies in the same business.
| Madhucon Projects | ₹ 4.13 | ₹ 28 Cr. | 1.1x | — | — | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Venkateswarlu Kothapalli
- Executive Director and Chief Financial Officer
- Dargabavi Malla Reddy
- Company Secretary and Compliance Officer
Prices are delayed and for information only. Nothing on this page is investment advice.