Arthneeti

Madhucon Projects Q2 FY27 Share Price & Earnings Call Analysis

₹4.31+1.65% today
Market cap
₹32 Cr
Price to sales
0.07
Debt to equity
0.00
52W high / low
₹7.17 / ₹3.74
Sales growth (5Y)
-9.51%
EBITDA margin
-22.49%
Net profit margin
-85.18%
Promoter holding
59.08%
Sales (last year)
₹444 Cr

Incorporated in 1983, Madhucon Projects Ltd is an integrated construction, Infrastructure development and management company.[1]

Potential multibaggers · Q2 FY27

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Madhucon Projects latest results (Sep 2026)

Revenue

₹43 Cr

-67% YoY

Net profit

₹-21 Cr

Operating margin

-16%

EPS

₹-2.61

What management said on the call →

Madhucon Projects shareholding (Sep 2026)

Promoters

59.08%

unchanged QoQ

FIIs

0.00%

unchanged QoQ

DIIs

—

— QoQ

Public

40.92%

unchanged QoQ

Full shareholding pattern →Dividend history →

Peers

Construction companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹926 Cr8.4
240%+Flat₹6,502 Cr11.6
340%+Flat₹2,016 Cr8.9
440%+Flat₹968 Cr8.3
540%+Flat₹850 Cr7.2
640%+Flat₹716 Cr11.6

Sign up free to see every company in the sector ranking and track Madhucon Project.

Pro shows every company guiding 40%+ revenue growth →Full Construction ranking

Financials of Madhucon Project

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Madhucon Project

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
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%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public +40.89%40.90%40.92%40.91%40.92%40.93%40.93%40.93%40.92%40.93%40.92%40.92%
No. of Shareholders19,68819,71419,61520,60620,51020,64320,66720,43520,21920,06719,92419,731

Pros & Cons

Madhucon Project

Key positives and risks surfaced from the company insights section.

Pros
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.51% over past five years.
  • Contingent liabilities of Rs.1,394 Cr.
  • Earnings include an other income of Rs.141 Cr.
Raw Insights
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.51% over past five years.
  • Contingent liabilities of Rs.1,394 Cr.
  • Earnings include an other income of Rs.141 Cr.

Financials of Madhucon Project

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2572764212361901111391571291391265043
YoY Sales growth-10%+19%-5%+12%-26%-60%-67%-33%-32%+25%-9%-68%-67%
Expenses +3092736422553921371751941801691563950
Operating Profit-523-221-18-202-26-36-36-51-30-3011-7
OPM %-20%1.0%-53%-8%-106%-23%-26%-23%-39%-21%-24%21%-16%
Other Income +44123726205673747545148636
Interest382743527666-1801
Depreciation9122101248426131131131131144
Profit before tax-20-17-13-7-12-447-52-127-133-116-9516-17
Tax %-5%-13%-46%57%-55%-0%18%0%-2%0%1%-11%24%
Net Profit +-19-14-7-10-5-446-61-127-131-116-9617-21
EPS in Rs-2.42-1.690.65-1.30-0.61-57.22-5.27-15.97-16.36-14.45-13.462.23-2.61

Financials of Madhucon Project

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,0382,5991,5761,0359427349099481,1621,164677552358
Sales growth+26%+28%-39%-34%-9%-22%+24%+4%+23%+0%-42%-18%-33%
Expenses +1,3831,6541,2121,0108856879451,0121,4151,463959699414
Operating Profit655945365265747-36-63-253-299-282-147-56
OPM %32%36%23%2.5%6%6%-4.0%-7%-22%-26%-42%-27%-16%
Other Income +147101254841-924135127902301335200141
Interest515748751835279150246314741391-10
Depreciation1982222692492247212914179932531523306
Profit before tax8876-630-1,010-405-1,099-276-108-197-71-518-471-212
Tax %94%68%2%-4%-6%1%-5%17%-10%-14%1%-0%
Net Profit +625-644-966-381-1,115-262-127-177-61-523-470-216
EPS in Rs-0.482.78-98.22-117.33-46.60-144.43-31.63-14.41-19.47-6.11-64.39-60.24-28.29
Dividend Payout %-42%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Financials of Madhucon Project

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital7777777777777
Reserves-322-296-829-1,775-2,130-2,438-1,892-2,095-1,927-1,510-1,475-1,886-1,889
Borrowings +6,4536,7296,7486,9947,0704,4464,2414,1784,0113,9133,5543,6573,606
Other Liabilities +2,0672,0132,3032,6652,7582,9512,9783,4132,0191,8021,5261,3571,415
Total Liabilities8,2058,4548,2297,8927,7054,9665,3355,5034,1104,2133,6123,1353,140
Fixed Assets +5,5755,2894,7914,5524,3361,236749677531691248339
CWIP1,62315115015015115161355023287878787
Investments13211397175475411111
Other Assets +9943,0133,2873,1893,2152,6083,2183,5223,8253,9563,4002,9643,013
Total Assets8,2058,4548,2297,8927,7054,9665,3355,5034,1104,2133,6123,1353,140

Financials of Madhucon Project

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,509-301683571190-587-405232-241-25685204
Cash from Investing Activity +-1,366466107-232,843839-15894946745-445
Cash from Financing Activity +-175-162-859-588-204-2,209-451-43-720-261-109258
Net Cash Flow-322-68-20-1147-1630-13-492118
Free Cash Flow1351477745631822,349-581226-98-259-402-277
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit240%-25%203%2,237%390%-1,252%1,272%-215%96%86%-30%-139%

Financials of Madhucon Project

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2657491114582621134
Inventory Days542822543117631112
Days Payable12220019030832028025829316214277169
Cash Conversion Cycle-43-116-119-243-276-204-250-284-159-130-73-163
Working Capital Days-379-340-726-1,497-1,757-1,882-941-1,090-666-625-1,011-1,447
ROCE %8%13%2%-3%-2%1%-1%-4%-8%-2%-28%-34%

Madhucon Projects: frequently asked questions

What is Madhucon Projects share price today?

Madhucon Projects last traded at ₹4.31, with a market capitalisation of ₹32 Cr.

What were Madhucon Projects's latest quarterly results?

For the quarter ended Sep 2026, Madhucon Projects reported revenue of ₹43 Cr (-67% year on year) and net profit of ₹-21 Cr, with an operating margin of -16%.

Is Madhucon Projects's profit growing?

Net profit was ₹-21 Cr in Sep 2026 against ₹-131 Cr in Sep 2025.

What is Madhucon Projects's EPS?

Madhucon Projects's earnings per share for the quarter ended Sep 2026 was ₹-2.61.

What is the promoter holding in Madhucon Projects?

Promoters held 59.08% of Madhucon Projects in Sep 2026 (unchanged versus Jun 2026).

How much do FIIs and DIIs hold in Madhucon Projects?

In Sep 2026, foreign institutional investors held 0.00% and domestic institutions (including mutual funds) held — of Madhucon Projects.

What is Madhucon Projects's ROE and ROCE?

Madhucon Projects's return on equity is not available and its return on capital employed is -34%.

Does Madhucon Projects pay a dividend?

Madhucon Projects's dividend yield is 0% at the current price; see the Madhucon Projects dividends page for past payouts.

Which sector does Madhucon Projects belong to?

Madhucon Projects is in the Construction sector. Its peer comparison and sector ranking are on this page.

What did Madhucon Projects's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Madhucon Projects's management.

How does Arthneeti AI analyse Madhucon Projects?

Arthneeti reads Madhucon Projects's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

Continue your research

What Madhucon Project's management said in earlier quarters

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