Want to see IN:MADHUCON full AI Analyst Report?
Top Page
Madhucon Projects Limited
(MADHUCON)
Select Model
Select Model
Rating:41Neutral
Price Target:
₹4.00
▼(-34.43% Downside)
Action:Reiterated
Date:09/11/26
The score is weighed down primarily by very weak financial performance (persistent losses, negative equity, and heavy debt) and a bearish technical setup with the stock trading below key moving averages and negative MACD. Valuation does not provide support because the P/E is negative due to losses and no dividend yield is available.
Positive Factors
Established infrastructure EPC platform
Madhucon operates in established infrastructure and construction markets, executing roads, highways and related civil works through EPC contracts. Its exposure to government and public-sector clients provides a defined demand channel and an operating platform that can support future project awards.
Negative Factors
Highly stressed balance sheet
Persistent negative equity and very large debt indicate severe balance-sheet stress and limited financial flexibility. This structure raises refinancing and liquidity risk, while the absence of a clear deleveraging trend can restrict investment, project participation and the ability to withstand weaker contract performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Established infrastructure EPC platform
Madhucon operates in established infrastructure and construction markets, executing roads, highways and related civil works through EPC contracts. Its exposure to government and public-sector clients provides a defined demand channel and an operating platform that can support future project awards.
Read all positive factors
Madhucon Projects Limited (MADHUCON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹291.49M
Dividend Yield0.31%
Average Volume (3M)5.35K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth-25.61%
EPS Growth46.82%
CountryIN
Employees738
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-42.04
Shares Outstanding73,794,945
10 Day Avg. Volume2,946
30 Day Avg. Volume5,354
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.01
Price to Sales (P/S)0.05
P/FCF Ratio-0.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Madhucon Projects Limited Business Overview & Revenue Model
Company Description
Madhucon Projects Limited, along with its subsidiaries, operates as an Indian firm specializing in comprehensive construction, infrastructure development, and project management. The company's activities are segmented into three primary areas: Con...
How the Company Makes Money
MADHUCON primarily makes money by executing infrastructure construction contracts and recognizing revenue based on the progress/milestones of those projects. Its key revenue stream is EPC/contracting income from building roads/highways and related...
Madhucon Projects Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.44B | 5.52B | 6.77B | 11.62B | 11.24B | 9.48B |
| Gross Profit | -913.44M | -3.20B | 1.41B | 2.13B | 933.93M | 2.03B |
| EBITDA | 52.55M | 527.07M | 523.60M | 23.76M | 6.49B | 638.49M |
| Net Income | -3.10B | -4.45B | -4.75B | -451.17M | -1.44B | -1.06B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 31.35B | 36.12B | 42.13B | 41.10B | 55.03B |
| Cash, Cash Equivalents and Short-Term Investments | 847.26M | 777.69M | 15.57B | 329.11M | 823.81M | 954.24M |
| Total Debt | 0.00 | 36.57B | 35.54B | 38.13B | 32.19B | 41.78B |
| Total Liabilities | 24.41B | 55.76B | 56.17B | 62.00B | 64.67B | 77.14B |
| Stockholders Equity | -24.41B | -18.79B | -14.68B | -15.03B | -19.20B | -20.88B |
Cash Flow | ||||||
| Free Cash Flow | 731.80M | -1.10B | -4.02B | -2.53B | -2.41B | 2.26B |
| Operating Cash Flow | 3.67B | 3.72B | 847.45M | -2.50B | -2.41B | 2.32B |
| Investing Cash Flow | -2.92B | -4.48B | 451.70M | 4.67B | 9.49B | -1.58B |
| Financing Cash Flow | -709.32M | 940.58M | -1.09B | -2.61B | -7.20B | -559.49M |
Madhucon Projects Limited Technical Analysis
Negative
6.10
Price Trends
4.34
Negative
4.98
Negative
5.01
Negative
Market Momentum
-0.08
Negative
44.27
Neutral
54.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MADHUCON, the sentiment is Negative. The current price of 6.1 is above the 20-day moving average (MA) of 4.01, above the 50-day MA of 4.34, and above the 200-day MA of 5.01, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 54.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MADHUCON.
Madhucon Projects Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹8.79B | 0.17 | ― | 0.31% | 145.41% | 1411.16% | |
59 Neutral | ₹27.73B | 7.03 | ― | 0.25% | -37.51% | -58.59% | |
56 Neutral | ₹27.06B | 1.09 | ― | 0.65% | -24.59% | 39.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹1.11B | 3.67 | ― | 0.73% | -0.30% | ― | |
43 Neutral | ₹466.62M | -0.90 | ― | 1.46% | -70.62% | -400.50% | |
41 Neutral | ₹291.49M | -0.09 | ― | 0.31% | -25.61% | 46.82% |
* General Sector Average
IN:MADHUCON
Madhucon Projects Limited
3.95
-3.11
-44.05%
IN:ASHOKA
Ashoka Buildcon Limited
96.40
-115.20
-54.44%
IN:GAYAPROJ
Gayatri Projects Limited
18.93
7.80
70.08%
IN:KNRCON
KNR Constructions Limited
98.60
-82.34
-45.51%
IN:RKEC
RKEC Projects Ltd.
19.45
-47.86
-71.10%
IN:SADBHAV
Sadbhav Engineering Limited
6.45
-5.11
-44.20%
Madhucon Projects Limited Corporate Events
Madhucon Projects Publishes Q1 FY27 Unaudited Results in Line with SEBI Norms
Aug 14, 2026
Madhucon Projects Limited has published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following approval by its board of directors. The company has complied with SEBI disclosure norms by releasing...
Madhucon Projects Strengthens Board With New Independent and Additional Directors
Aug 13, 2026
Madhucon Projects Limited has reconstituted its board by appointing two additional directors, including a new independent director, in line with disclosure requirements under SEBI’s Listing Obligations and Disclosure Regulations. The changes...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.