Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep
Source: Bse
Madhav Infra Projects Limited (MADHAVIPL)
Small CapReal Estate stocks · Small cap · NSE
Madhav Infra Projects Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result31 Jul, 01:11 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -6.4% / mo · MACD − · near 52W low · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 35
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
MADHAVIPLD candles · FIT view-20.6%Latest close ₹7.07 on 2026-10-19
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-0.4%
RSI
35
MACD hist
-0.01
52W pos
5%
2026-10-19O ₹7.10H ₹7.29L ₹7.03C ₹7.07Vol 40,833 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MADHAVIPLNifty RealtyNifty 500
- MADHAVIPL
- -12.4%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -6.8 pp
Chart stats
19 Oct 2026- From 52W high
- -28.6%
- 52W range position
- 5%
- ATR (14)
- 5.2%
- Volume vs 20D
- 0.41x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹6.9 - ₹8.1
₹9.9
₹6.9 - ₹9.9
₹0.4
Latest completed session
20-session average
25.8% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · UNDERVALUED66
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +0.9% · PAT -16.4% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model+78.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -16% YoY · margin compression · Rev +1% YoY
Filed 30 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹88.4 Cr | +0.9% | -65.2% |
| EBITDA | ₹15.5 Cr | -9.5% | -25.7% |
| Operating margin | 17.5% | -203 bps | +930 bps |
| PAT | ₹6.3 Cr | -16.4% | -45.6% |
| PAT margin | 7.1% | -147 bps | +254 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.47
- P/B
- 0.82
- EV/EBITDA
- 5.16
- Market Cap
- 196.00Cr
Profitability
- ROE
- 10.70%
- ROCE
- 15.00%
- ROA
- 4.29%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- -1.00%
- EPS 3Y
- 15.00%
Balance Sheet
- Debt/Equity
- 0.69
- Interest Coverage
- 2.48×
- Altman Z
- 2.10
- Book Value
- 8.89
Cash Flow
- FCF Yield
- 0.51%
- FCF Positive Y
- 9/5
- OCF
- 32.00 Cr
- EPS TTM
- 0.97
Shareholding
- Promoter Hold
- 68.81%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 502-17.7% vs prev
Net Profit
₹ CrLatest: 27.0+8.0% vs prev
Return on Equity
%Latest: 11.3-4.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend unclear. RSI 35.
- SMA20 falling (~6.8% over last month) — short-term momentum negative.
- RSI(14) at 35 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
34
RS percentile
Insufficient history
1M return
-9.4%
3M return
-12.4%
6M return
-21.9%
1Y return
-
RS 1D
+3
RS 20D
-
Sector rank
#18
Industry rank
#71
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
lagging
Industry
lagging
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
127 observations
19 Oct 2026Value 82.41+0.48%
RS vs Nifty 50082
Valuation & peers
U-Score 66 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 66 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth19/25
Quality7/20
Balance Sheet8/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
-7
Raw sum
66
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
66/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 78.1%.
- Valuation contributes 30/30 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 7/20; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
7.5
PB
0.8
EV/EBITDA
5.2
ROE
10.7%
ROCE
15.0%
FCF Yield
0.5%
Debt/Equity
0.7
MoS
+78.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
66
Previous: 66
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+78.1%
Previous: +78.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
65
64
64
64
64
64
64
64
66
66
66
66
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹13.93
+49.2% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹32.3
+78.1% MoS
PEG
0.30
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RUDRA
Small
Rudra Global Infra Products Limited
Real Estate
match 177
45
11.5
10.4%
+64%
WATCHLIST
NILAINFRA
Small
Nila Infrastructures Limited
Real Estate
match 176
67
10.6
12.9%
+69%
UNDERVALUED
RUCHINFRA
Small
Ruchi Infrastructure Limited
Real Estate
match 174
48
19.0
1.6%
+32%
FAIR VALUE
TICL
Small
Twamev Construction and Infrastructure Limited
Real Estate
match 174
40
18.0
2.3%
+48%
WATCHLIST
SHRADHA
Small
Shradha Realty Limited
Real Estate
match 174
64
8.9
7.0%
+74%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Madhav Infra Projects Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
69Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 83rd percentile within Real Estate. Main check: results consistency is weak at 48/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Real Estate: 83rd pctile, median 61 · Small: 63rd pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
48
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 68.8%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.5%.
- ▸9 years of positive FCF.
Trust risks
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Madhav Infra Projects Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 May - Board approved FY26 audited results, appointed auditors, and accepted Company Secretary resignation effective May 12, 2026.
Source: Bse
Announcement
Announcement Under Regulation 30 SEBI (LODR) Regulations - Intimation Of Execution Of Multiple Power Purchase Agreements 23 Apr - Executed 9 PPAs with MPPMCL for 73.15 MW solar projects under PM-KUSUM, 25-year tenure.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Jul 2026 · Corrigendum To Outcome Dated 30Th July, 2026 Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 8 Sep - Corrigendum clarifies July 30 board approval of draft 33rd AGM notice and annual report.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.