MADHAV INFRA PROJECTS L
Latest filings
- 33rd AGM voting results: All 9 resolutions passed with over 99.99% approval · Board & Shareholder Meetings
- Madhav Infra Projects 33rd AGM concluded; 9 resolutions put to vote · Board & Shareholder Meetings
- 33rd AGM: Financials adopted, borrowing limit hike and related party deals approved · Board & Shareholder Meetings
Snapshot
What the business is, and whether it's a good one at a fair price.
Builds and operates infrastructure projects through civil construction and has recently moved into solar power development. Based in Vadodara, Gujarat, the company runs operations through 15 subsidiaries, 1 associate and 6 joint ventures. In December 2025, it received Letters of Award from M.P. Urja Vikas Nigam Limited, a Government of Madhya Pradesh enterprise, worth approximately ₹342 crore to set up grid-connected solar PV power plants under the PM KUSUM-C Scheme's Surya Mitra Krishi Feeders component, with power to be sold to MPPMCL. To execute these projects, the company incorporated nine wholly-owned Special Purpose Vehicles named with a 'MIPL Solar' or 'Madhav Solar' prefix, each with paid-up capital of ₹1 lakh, and has executed multiple Power Purchase Agreements. Solar contracts must be completed within 18 months of PPA signing. Materials account for 49.8% of revenue, employee costs 3.0%, other operating expenses 31.9%, depreciation 2.7% and capex 1.2%.
Scorecard
Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice
Strengths
Concerns
Charts
How has the market priced it — with filings on the timeline?
MADHAVIPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from MADHAV INFRA PROJECTS L's filed financials and exchange disclosures
What does MADHAV INFRA PROJECTS L do?
MADHAV INFRA PROJECTS L is a Construction company listed on NSE and BSE, trading under the symbol MADHAVIPL.
Is MADHAV INFRA PROJECTS L profitable?
Yes. Over the trailing twelve months MADHAV INFRA PROJECTS L reported a net profit of ₹27 Cr on revenue of ₹502 Cr.
Does MADHAV INFRA PROJECTS L pay a dividend?
Not in the latest reported year — MADHAV INFRA PROJECTS L's dividend payout for FY26 was nil.
Is MADHAV INFRA PROJECTS L debt-free?
No. It reported borrowings of ₹165 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹152 Cr after cash. Debt stands at 0.69× equity. That is higher than 77% of its 87 Civil Construction peers.
Is MADHAV INFRA PROJECTS L expensive compared with its peers?
On trailing P/E, MADHAV INFRA PROJECTS L ranks 15 of 101 in Civil Construction — cheaper than 86% of them, against an industry median of 14.6×. This is a position, not a valuation judgement.
How much does the MADHAV INFRA PROJECTS L share price move in a day?
On a typical session MADHAV INFRA PROJECTS L moves 1.04% — that is the median absolute close-to-close move across its last 115 trading days. MarketPing measures each filing's price reaction against it.
Where can I track MADHAV INFRA PROJECTS L's announcements?
Every NSE and BSE filing by MADHAV INFRA PROJECTS L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.