1. India Stocks

  2. •

    Industrials

  3. •

    Engineering & Construction
Madhucon Projects Limited

Madhucon Projects Limited

MADHUCON.BO
Madhucon Projects LimitedIN flagBombay Stock Exchange
5.40
INR
-NaN
- -
398.49MMarket Cap
Madhucon Projects Limited
MADHUCON.BO
(Bombay Stock Exchange)

Recent

price

5.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
178.44
92.96
74.85
121
219.26
276.18
352.25
194.42
128.67
124.61
97.6
114.23
128.48
152.33
156.84
89.65
74.5
Revenue per Share
4.21
-21.63
-41.27
-37.5
-30.33
-0.48
2.78
-98.21
-117.33
-46.6
-144.43
-31.63
-14.41
-19.47
-6.11
-64.4
-52.05
Basic EPS, GAAP
-97.53
-177.88
-102.96
-128.8
-115.86
18.23
-40.78
92.61
74.22
24.65
-79.54
-68.94
30.65
-32.71
-35.13
-54.49
- -
Free Cash Flow per Basic Share
0.4
0.25
0.1
0.1
0.1
0.2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
94.54
40.72
-15.4
1
1
1
0.99
-196.92
-307.42
-354.02
-392.93
-301.49
-327.45
-308.88
-246.02
-246.59
- -
Book Value per Share
35.45
-23.89
-167.36
-225.56
-255.12
-461.41
-232.89
-281.02
-412.84
-456.98
-489.07
-418.4
-431.46
-339.01
-285.58
-282.98
- -
Tangible Book Value per Share
74
74
74
74
74
74
74
74
74
74
74
74
74
74
74
74
74
Basic Weighted Avg Shares
13,168
6,860
5,523
8,929
16,181
20,381
25,994
14,347
9,495
9,195
7,202
8,430
9,481
11,241
11,574
6,616
5,498
Sales/Revenue/Turnover
8.12
-0.85
-17.4
5.03
13.31
22.38
27.82
3.47
-10.54
-13.79
0.74
-18.02
-21.56
-63.69
6.5
-72.07
-42.68
Operating Margin (%)
688
851
1,571
2,492
1,425
1,984
2,222
2,692
2,488
2,242
716
1,287
1,409
7,989
318
5,311
4,181
Depreciation Expense
311
-1,596
-3,045
-2,767
-2,238
-35
205
-7,248
-8,658
-3,439
-10,658
-2,334
-1,063
-1,437
-451
-4,752
-3,841
Net Income, GAAP
43.28
- -
- -
- -
- -
93.54
67.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
2.36
-23.26
-55.14
-30.99
-13.83
-0.17
0.79
-50.52
-91.19
-37.4
-147.99
-27.69
-11.22
-12.78
-3.9
-71.83
-69.86
Profit Margin (%)
45
-5,021
-9,417
-11,485
-9,456
-20,375
-22,624
-30,586
-41,928
-44,975
-36,972
-22,721
-27,149
-20,390
-19,549
-18,084
- -
Working Capital
19,971
26,155
38,415
42,764
49,901
51,033
45,640
47,640
45,164
31,234
17,760
23,912
23,426
16,637
15,753
14,558
- -
LT Debt
9,416
8,516
3,105
695
-1,311
-1,310
-1,241
-7,104
-17,756
-21,689
-24,977
-19,817
-22,101
-23,572
-19,879
-20,052
- -
Total Equity
- -
- -
- -
- -
- -
0.54
3.79
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
0.33
3.94
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-31.98
- -
- -
-3,023.02
-47.85
278.67
- -
- -
- -
- -
- -
- -
- -
-609.42
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
19,955
- -
LT Borrowings
- -
13,995
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
74
- -
Market Capitalization
543
607
459

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
14,347
- -
Cash, Cash Equivalents & STI
- -
11,081
- -
Accounts Receivable, Net
- -
132
- -
Inventories
- -
17
- -
Total Current Liabilities
- -
36,745
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
19,955
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
63.73%
-3.46%
0.87%
Free Cash Flow
-146.21%
-60.41%
55.1%
Net Income, GAAP
-335.13%
157.45%
953.28%
Sales/Revenue/Turnover
-6.77%
1.64%
-42.84%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,106
2,566
2,756
4,193
11,574
2025
2,364
1,899
1,114
1,238
6,616
2026
1,573
1,294
1,393
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.65
-2.42
-1.69
- -
-6.11
2025
-1.3
-0.61
-57.22
- -
-64.4
2026
-15.97
-16.36
-14.45
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Lung Ming Green Energy Technology Engineering Co Ltd. (3018.TW)
NCC AB (publ) (NCC-A.ST)
Denta Water and Infra Solutions Ltd. (DENTA.NS)
Penta-Ocean Construction Co., Ltd. (1893.T)
FEG Holdings Corporation Limited (1413.HK)
Civmec Limited (CVL.AX)
Business
Madhucon Projects Limited (BSE: MADHUCON) is an infrastructure development company engaged in the construction and operation of highways, bridges, buildings, power plants, and irrigation projects. The company provides engineering, procurement, and construction (EPC) services; operation and maintenance of toll roads; real estate development; and power generation through thermal and hydroelectric facilities. Its project portfolio includes national highway construction under the National Highways Authority of India (NHAI), urban infrastructure such as flyovers and metro rail components, and commercial real estate developments; key brands and subsidiaries encompass Madhucon Infra, Madhucon Power, and Madhucon Realty. Founded in 1994 and headquartered in Hyderabad, India, Madhucon Projects operates primarily across India with projects in states including Andhra Pradesh, Telangana, Maharashtra, and Uttar Pradesh, targeting government entities, public-private partnerships, and private sector clients in the infrastructure and energy sectors. In recent developments, the company has focused on debt restructuring and asset monetization, including the transfer of highway assets to subsidiaries for better financial management as part of its corporate debt resolution plan approved in 2023; it secured new EPC orders for road projects worth over INR 1,000 crore in 2024 and expanded into renewable energy through a strategic alliance for solar power initiatives. Additionally, Madhucon Projects completed the acquisition of stressed assets from the National Highways Logistics Management Limited in early 2025, marking a significant operational expansion amid India's infrastructure boom.