Madhav Infra Projects share price
NSE: MADHAVIPLBSE: 539894ConstructionSmall Cap
Last close ₹7.00down ₹0.01 (0.14%)BSE ₹7.07
Share price at the NSE close on 23 Oct 2026. Previous close ₹7.01.
52-week range of BSE trades to 23 Oct 2026
₹6.58Low, 23 Oct 2026₹12.30High, 1 Jan 2026
- Next results date: the board meets on 27 Oct 2026 to consider: quarterly results and rights issue.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹189 Cr2,276th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 Jul 2026
- 7.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 0.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 Jul 2026
- 11.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 30 Jul 2026
- 12.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.69
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,34,81780.6% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 30 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹88 Crdown 65.22%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6.25 Crdown 45.63%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 7.1%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 1 of the 10 years shown
The years either side of a change of basis do not compare. From the year to Mar 2020, the company's revenue for that year, ₹204 Cr, differs from its quarters added, ₹201 Cr.
| ₹ crore | Sep 2024Filed 28 Nov | Dec 2024Filed 4 Feb | Mar 2025Filed 10 Jun | Jun 2025Filed 2 Aug | Sep 2025Filed 10 Nov | Dec 2025Filed 13 Feb | Mar 2026Filed 29 May | Jun 2026Filed 30 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 87 | 147 | 308 | 88 | 107 | 54 | 254 | 88 |
| Net profit | 4 | 3 | 11 | 7 | 12 | −4 | 11 | 6 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 4.8% | 1.7% | 3.7% | 8.5% | 11.7% | −7.9% | 4.5% | 7.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Infrastructure, Construction, EPC, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 2% of 247 trading days over the last year.
LowestHighest
Its median8.2Industry median13.1
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 13% of 1,213 trading days over the last 5 years.
LowestHighest
Its median1.1Industry median1.4
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.4.1
At or below today's level on 0.1% of 1,213 trading days over the last 5 years.
LowestHighest
Its median5.7Industry median11.1
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −35.7% | +6.3% | −39.4% | 0.0% |
| 3 years | +21.9% | −6.9% | +30.8% | 0.0% |
| 5 years | +6.8% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Peers and competitors
Civil Construction, 170 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Madhav Infra Projects in market cap. 1 company in the table last traded before then: its row is priced on its last trade.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Destiny Logistics & InfraDESTINY | 214 | 63.1 | 3.0 | 68.7 | +16.4% | +31.3% | 6.7% | – | 0.00% |
 Suyog Gurbaxani Funicular RopewaysSGFRL | 211 | 35.5 | 5.2 | – | – | – | 14.6% | – | 0.59% |
 Infrax RenewableINFRAX | 209 | – | – | – | – | – | – | – | 0.00% |
 Telge ProjectsTELGE | 208 | – | 5.0 | – | – | – | – | – | 0.00% |
 Pratham EPC ProjectsPRATHAM | 187 | 30.4 | 2.1 | – | +17.9% | −55.1% | 7.4% | – | 0.00% |
 HVAX TechnologiesHVAX | 187 | 13.1 | 2.2 | – | – | – | 18.0% | – | 0.00% |
 Current InfraprojectsCURRENT | 170 | 12.1 | 2.1 | – | – | – | 17.6% | – | 0.00% |
 Refex Renewables & InfrastructureREFEXRENEW | 163 | – | – | 21.6 | +7.8% | – | – | 2.5% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
22 Oct · Board meeting
Meeting on 27 Oct 2026: quarterly results and rights issue8 Oct · Board meeting
Meeting on 13 Oct 2026: preferential issue of shares
Madhav Infra Projects share price by year
Each calendar year to 2025.Madhav Infra Projects share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025BSE close | 11.27 | −28.1% | 16.41 | 10.22 |
| 2024BSE close | 15.67 | +32.8% | 23.90 | 9.16 |
| 2023BSE close | 11.80 | +123.1% | 13.65 | 3.65 |
| 2022BSE close | 5.29 | −12.1% | 7.88 | 3.80 |
| 2021BSE close | 6.02 | +14.7% | 6.25 | 3.93 |
| 2020BSE close | 5.25 | −12.5% | 8.60 | 4.24 |
| 2019BSE close | 6.00 | – | 6.00 | 4.28 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 4 Sep 2019.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 6.85 | 7.08 | 6.65 | 7.00 | 6.90 | 1,34,817 | 80.6% |
| 22 Oct 2026 | 7.26 | 7.26 | 6.67 | 7.01 | 7.00 | 1,06,931 | 79.9% |
| 21 Oct 2026 | 7.07 | 7.34 | 6.51 | 7.02 | 6.91 | 1,33,392 | 76.2% |
| 19 Oct 2026 | 7.10 | 7.29 | 7.03 | 7.07 | 7.11 | 40,833 | 83.0% |
| 16 Oct 2026 | 7.19 | 7.36 | 7.10 | 7.11 | 7.14 | 1,16,369 | 72.4% |
| 15 Oct 2026 | 7.23 | 7.38 | 7.13 | 7.19 | 7.25 | 82,691 | 79.7% |
| 14 Oct 2026 | 7.39 | 7.45 | 7.04 | 7.27 | 7.36 | 81,086 | 78.6% |
| 13 Oct 2026 | 7.18 | 7.44 | 7.15 | 7.24 | 7.26 | 2,29,050 | 69.5% |
| 12 Oct 2026 | 7.06 | 7.45 | 7.06 | 7.18 | 7.23 | 1,06,928 | 40.5% |
| 9 Oct 2026 | 7.21 | 7.30 | 7.02 | 7.18 | 7.14 | 85,200 | 76.8% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 6 Aug 2020 | Bonus | 0.2500 | Holders received 3 bonus shares for every 1 held. |
| 27 Apr 2020 | Split | 0.1000 | Each share became 10. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- Legal name
- Madhav Infra Projects Limited
- NSE symbol
- MADHAVIPL
- BSE code
- 539894
- ISIN
- INE631R01026
- Industry
- Construction
- Listed
- May 2016
- Face value
- ₹1
- CIN
- L45200GJ1992PLC018392
- Corporate identity number, the registrar of companies' code for it