Madhav Infra Projects shareholders and shareholding pattern
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
Who owns Madhav Infra Projects, filing by filing
Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters68.81%
- Indian institutions0.04%
- Individuals and others31.14%
Shareholding pattern, per cent, from Jun 2022
- Promoters
- Indian institutions
- Individuals and others
| Per cent | Dec 2016Filed 9 Jan | Mar 2017Filed 7 Apr | Jun 2017Filed 10 Jul | Sep 2017Filed 10 Oct | Dec 2017Filed 10 Jan | Mar 2018Filed 6 Apr | Jun 2018Filed 21 Jul | Sep 2018Filed 2 Nov | Dec 2018Filed 15 Feb | Mar 2019Filed 16 Apr | Jun 2019Filed 22 Jul | Sep 2019Filed 7 Oct | Dec 2019Filed 13 Jan | Mar 2020Filed 8 Apr | Jun 2020Filed 20 Jul | Sep 2020Filed 10 Oct | Dec 2020Filed 18 Jan | Mar 2021Filed 3 Apr | Jun 2021Filed 3 Jul | Sep 2021Filed 4 Oct | Dec 2021Filed 17 Jan | Mar 2022Filed 5 Apr | Jun 2022Filed 17 Oct | Sep 2022Filed 4 Nov | Dec 2022Filed 4 Jan | Mar 2023Filed 4 Apr | Jun 2023Filed 4 Jul | Sep 2023Filed 13 Oct | Dec 2023Filed 3 Jan | Mar 2024Filed 9 Apr | Jun 2024Filed 16 Jul | Sep 2024Filed 7 Oct | Dec 2024Filed 16 Jan | Mar 2025Filed 21 Apr | Jun 2025Filed 10 Jul | Sep 2025Filed 14 Oct | Dec 2025Filed 12 Jan | Mar 2026Filed 16 Apr | Jun 2026Filed 21 Jul | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 72.77% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.60% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 68.98% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | |
| Indian promoters | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 72.77% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.65% | 72.60% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 68.98% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% | 68.81% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 26.48% | 27.23% | 27.35% | 27.35% | 27.35% | 27.35% | 27.35% | 27.35% | 27.35% | 27.35% | 27.40% | 31.00% | 31.00% | 31.00% | 31.00% | 31.00% | 31.00% | 31.02% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% | 31.19% |
| Shares in issue | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 64,05,724 | 6,40,57,240what Shares in issue, Jun 2020, includes. Split on 27 Apr 2020: each share became 10. Earlier filings count the shares before it. | 25,62,28,960what Shares in issue, Sep 2020, includes. Bonus issue on 6 Aug 2020: 3 new shares for every 1 held. Earlier filings count the shares before it. | 25,62,28,960 | 25,62,28,960 | 25,62,28,960 | 25,62,28,960 | 25,62,28,960 | 25,62,28,960 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 | 26,95,81,560 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. | – | – | – | – | – | – | – | – | – | – | – | 18,300 | 2,200 | – | 52,91,000 | 2,11,64,000 | – | – | – | – | – | – | 1,33,52,600 | 1,33,52,600 | 1,33,52,600 | 1,33,52,600 | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
Filings before Jun 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Madhav Infra Projects promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is ARMAAN AMIT TRUST [in the name of Trustee ASHOK MADHAVDAS KHURANA], 30.18%.Promoter buying and selling
| Holder | ||
|---|---|---|
| ARMAAN AMIT TRUST [in the name of Trustee ASHOK MADHAVDAS KHURANA]Indian companies, trusts and others | 30.18% | 8,13,60,000 |
| ASHOK MADHAVDAS KHURANAIndividuals and Hindu undivided families | 28.09% | 7,57,16,940 |
| MANJU ASHOK KHURANAIndividuals and Hindu undivided families | 4.86% | 1,31,09,673 |
| NEELAKSHI AMIT KHURANAIndividuals and Hindu undivided families | 2.98% | 80,43,120 |
| AMIT ASHOK KHURANAIndividuals and Hindu undivided families | 1.78% | 47,91,240 |
| ASHOK KHURANA HUFIndividuals and Hindu undivided families | 0.87% | 23,35,206 |
| RASIKA VIKRAMSINH CHAUHANIndividuals and Hindu undivided families | 0.03% | 80,000 |
| BINDYA ASHOK KHURANAIndividuals and Hindu undivided families | 0.03% | 76,000 |
No promoter shares are reported as pledged.
Largest public holders of Madhav Infra Projects, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016Filed 9 Jan | Mar 2017Filed 7 Apr | Jun 2017Filed 10 Jul | Sep 2017Filed 10 Oct | Dec 2017Filed 10 Jan | Mar 2018Filed 6 Apr | Jun 2018Filed 21 Jul | Sep 2018Filed 2 Nov | Dec 2018Filed 15 Feb | Mar 2019Filed 16 Apr | Jun 2019Filed 22 Jul | Sep 2019Filed 7 Oct | Dec 2019Filed 13 Jan | Mar 2020Filed 8 Apr | Jun 2020Filed 20 Jul | Sep 2020Filed 10 Oct | Dec 2020Filed 18 Jan | Mar 2021Filed 3 Apr | Jun 2021Filed 3 Jul | Sep 2021Filed 4 Oct | Dec 2021Filed 17 Jan | Mar 2022Filed 5 Apr | Jun 2022Filed 17 Oct | Sep 2022Filed 4 Nov | Dec 2022Filed 4 Jan | Mar 2023Filed 4 Apr | Jun 2023Filed 4 Jul | Sep 2023Filed 13 Oct | Dec 2023Filed 3 Jan | Mar 2024Filed 9 Apr | Jun 2024Filed 16 Jul | Sep 2024Filed 7 Oct | Dec 2024Filed 16 Jan | Mar 2025Filed 21 Apr | Jun 2025Filed 10 Jul | Sep 2025Filed 14 Oct | Dec 2025Filed 12 Jan | Mar 2026Filed 16 Apr | Jun 2026Filed 21 Jul | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SIMPLEX TRADING AND AGENCIES LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 2.27% | 2.16% | 2.16% | 2.14% | 2.14% | 1.75% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BIOGEN PHARMACHEM INDUSTRIES LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.66% | 1.10% | 1.04% | 1.04% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NILMESH INFRABUILD PRIVATE LIMITEDOther non-institutions | 16.52% | 16.52% | 16.52% | 16.52% | 16.52% | 16.52% | 16.52% | – | 16.52% | 16.52% | 16.52% | 16.19% | 16.07% | 16.00% | 15.84% | 15.29% | 14.99% | 14.77% | 13.04% | 10.56% | 7.78% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SUN TECHNO OVERSEAS LTDOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.66% | 3.66% | 3.66% | 3.66% | 3.66% | 3.66% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| CHANDRAKALA JAINResident individuals, over ₹2 lakh at face value | 1.56% | – | – | – | – | – | – | – | – | – | – | 1.56% | 1.56% | 1.56% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RUPA SHAHResident individuals, over ₹2 lakh at face value | 1.56% | – | – | – | – | – | – | – | – | – | – | 1.56% | 1.56% | 1.56% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PUNJAB LEASE FINANCING LTDOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | 1.19% | 1.19% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PUNJAB LEASE FINANCE LTDOther non-institutions | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | – | 1.19% | 1.19% | 1.19% | 1.19% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.