Madhucon Projects Ltd.

BSE: MADHUCON531497ISIN INE378D01032

Industrials
Civil Construction

Share price

₹4.02+0.02 (+0.50%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹7.55
52W low: ₹3.58
Off 52W high: -46.75%
1M return: +3.34%
3M return: -25.00%
6M return: -30.21%
1Y return: -44.70%
20D avg volume: 4,352
50 DMA: ₹4.28
200 DMA: ₹5.00

Key ratios Consolidated

Market cap: ₹29.67 Cr
Current price: ₹4.02
52W high / low: ₹7.55 / ₹3.58
Face value: ₹1.00
P/E: -0.09
P/B: —
EPS (TTM): ₹-44.10
Book value / share: —
ROE: —
ROCE: 152.10%
Operating margin: —
Net margin: —
Debt / equity: -1.50
Net debt: ₹3,579 Cr
Interest cover: -701.81
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -96.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	49.94	125.75	139.33	129.40	157.29	138.78	111.44	189.95	236.40	—
	5.99	47.78	51.22	53.96	46.73	37.08	66.77	204.79	26.04	—
	55.93	173.53	190.55	183.36	204.02	175.86	178.20	394.74	262.44	—
	40.40	268.67	306.08	316.59	330.99	228.03	625.45	406.26	269.11	—
	32.24	63.80	78.52	88.72	102.05	103.34	135.31	132.16	165.14	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	3.17	3.61	3.79	3.90	4.20	4.53	4.51	4.42	4.67	—
	0.51	-17.91	6.41	5.74	6.43	27.02	4.88	2.66	4.29	—
	0.51	130.70	130.72	130.73	130.78	25.91	483.52	11.57	10.12	—
	3.97	88.48	86.65	87.51	87.53	67.24	2.77	255.45	84.89	—
	15.54	-95.15	-115.54	-133.23	-126.97	-52.17	-447.24	-11.52	-6.67	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	15.54	-95.15	-115.54	-133.23	-126.97	-52.17	-447.24	-11.52	-6.67	—
	-1.72	1.01	0.36	2.56	0.29	9.29	1.08	6.37	3.81	—
	17.26	-96.15	-115.89	-130.67	-127.26	-61.45	-446.16	-5.16	-10.47	—
	2.22	-13.46	-14.45	-16.36	-15.97	-5.27	-57.22	-0.61	-1.30	—
Key metrics
	16.56	17.64	21.59	3.24	10.24	0.76	41.16	2.71	7.74	—
	33.20%	14.00%	15.50%	2.50%	6.50%	0.50%	36.90%	1.40%	3.30%	—
	34.60%	-76.50%	-83.20%	-101.00%	-80.90%	-44.30%	-400.40%	-2.70%	-4.40%	—
	—	36.60%	—	44.50%	—	-56.90%	—	—	—	—
	-68.20%	-9.40%	25.00%	-31.90%	-33.50%	—	—	—	—	—
	113.60%	-56.50%	74.00%	-2,432.40%	-1,115.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	444.42	551.77	676.56	—
	158.95	199.68	334.68	—
	603.37	751.45	1,011	—
	931.74	1,222	1,529	—
	263.28	333.08	535.95	—
	0.00	0.00	0.00	—
	14.47	15.49	18.13	—
	-5.25	0.67	38.84	—
	392.66	522.93	531.12	—
	266.61	350.17	404.81	—
	-328.38	-470.88	-517.60	—
	0.00	0.00	0.00	—
	-328.38	-470.88	-517.60	—
	2.21	-0.91	5.64	—
	-325.45	-469.98	-523.24	—
	-42.05	-60.24	-64.40	—
Key metrics
	59.03	52.72	52.36	—
	13.28%	9.60%	7.70%	—
	-73.23%	-85.20%	-77.30%	—
	—	152.10%	-1,083.70%	—
	-25.62%	-18.40%	—	—
	—	10.20%	—	—
	—	204.40	84.74	—
	—	-0.43	-0.16	—
	—	-1.50	-1.77	—
	—	3,579	3,495	—
	—	-96.7	-57.4	—
Balance sheet
	—	3,135	3,612	—
	—	1,341	1,759	—
	—	77.83	59.86	—
	—	5.87	5.42	—
	—	1.73	1.80	—
	—	169.62	170.82	—
	—	35.98	41.35	—
	—	153.80	113.68	—
	—	3,444	3,568	—
	—	3,657	3,554	—
	—	1,934	2,099	—
	—	1,723	1,456	—
	—	-2,441	-2,005	—
Cash flow
	—	204.40	84.74	—
	—	-444.87	45.17	—
	—	-258.44	-109.15	—
	—	0.00	0.00	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	27.79	103.78	117.47	107.65	135.18	117.66	90.11	162.81	209.75	—
	5.97	47.26	50.35	53.47	46.32	10.95	35.23	204.08	25.35	—
	33.76	151.03	167.82	161.12	181.49	128.61	125.33	366.88	235.10	—
	35.12	149.13	162.07	158.99	181.06	129.84	129.42	375.65	236.41	—
	28.02	57.72	71.92	68.41	89.31	86.76	104.38	135.97	148.80	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	2.46	2.90	2.98	3.02	3.37	3.68	3.65	3.58	3.68	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.75	0.71	0.75	—
	0.51	0.59	0.61	0.62	0.67	1.20	1.42	2.27	0.82	—
	4.12	87.92	86.56	86.93	87.71	38.20	19.22	233.12	82.36	—
	-1.36	1.90	5.75	2.13	0.43	-1.23	-4.09	-8.77	-1.31	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	-1.36	1.90	5.75	2.13	0.43	-1.23	-4.09	-8.77	-1.31	—
	1.72	1.01	0.36	-2.56	0.29	9.33	1.13	6.37	3.81	—
	0.36	0.90	5.39	4.69	0.14	-10.57	-2.96	-2.40	-5.12	—
	0.05	0.12	0.73	0.64	0.02	-1.43	-0.40	-0.33	-0.69	—
Key metrics
	-0.85	2.49	6.36	2.75	1.10	-0.03	-1.92	-5.79	0.26	—
	-3.10%	2.40%	5.40%	2.60%	0.80%	0.00%	-2.10%	-3.60%	0.10%	—
	1.30%	0.90%	4.60%	4.40%	0.10%	-9.00%	-3.30%	-1.50%	-2.40%	—
	—	0.20%	—	0.20%	—	-0.10%	—	—	—	—
	-79.40%	-11.80%	30.40%	-33.90%	-35.60%	—	—	—	—	—
	157.10%	108.50%	282.10%	295.40%	102.70%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	356.69	464.08	580.33	—
	157.05	197.39	275.60	—
	513.73	661.47	855.92	—
	505.31	651.25	871.33	—
	226.07	287.37	475.91	—
	0.00	0.00	0.00	—
	11.36	12.27	14.60	—
	0.00	0.00	2.21	—
	2.33	2.50	5.71	—
	265.53	349.12	372.90	—
	8.42	10.21	-15.40	—
	0.00	0.00	0.00	—
	8.42	10.21	-15.40	—
	0.53	-0.91	5.64	—
	11.34	11.12	-21.04	—
	1.54	1.51	-2.85	—
Key metrics
	10.75	12.71	-7.48	—
	3.01%	2.70%	-1.30%	—
	3.18%	2.40%	-3.60%	—
	—	1.30%	-1.50%	—
	-29.47%	-20.00%	—	—
	—	152.90%	—	—
	—	66.22	266.95	—
	—	5.96	-12.69	—
	—	0.06	0.13	—
	—	-8.09	62.57	—
	—	-116.1	-68.0	—
Balance sheet
	—	1,158	1,373	—
	—	204.92	126.15	—
	—	39.53	5.29	—
	—	4.62	3.93	—
	—	0.00	0.00	—
	—	78.32	78.90	—
	—	16.34	20.51	—
	—	152.14	112.09	—
	—	373.02	496.50	—
	—	31.44	67.86	—
	—	31.44	67.86	—
	—	0.00	0.00	—
	—	514.57	503.44	—
Cash flow
	—	66.22	266.95	—
	—	4.43	34.54	—
	—	-36.42	-301.75	—
	—	0.00	0.00	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -29.47%
Profit YoY (TTM): +171.82%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -25.62%
Profit YoY (TTM): +49.15%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 59.06%

Quarter	September 2026	June 2026
Promoter %	59.06%	59.06%

Holder	Type	Holding	Previous	Change
NAMA NAGESWAR RAO	Promoter	14.54%	14.54%	0.00%
MADHUCON GRANITES LIMITED	Promoter	10.90%	10.90%	0.00%
NAMA CHINNAMMA	Promoter	8.34%	8.34%	0.00%
NAMA INVESTMENTS LIMITED	Promoter	4.94%	4.94%	0.00%
TARUN NAMA	Promoter	4.17%	4.17%	0.00%
NAMA RUSHIKA	Promoter	4.05%	4.05%	0.00%
CHANDRA SINGH LODHA	Public	2.83%	2.83%	0.00%
TULASAMMA MALLAMPATI	Promoter	1.75%	1.75%	0.00%
DINESH CHAND AGRAWAL	Public	1.74%	1.46%	+0.28%
NAMA HEMAN	Promoter	1.50%	1.50%	0.00%
UMADEVI NAMA	Promoter	1.50%	1.50%	0.00%
PRITHVITEJA NAMA	Promoter	1.42%	1.42%	0.00%
SRINIVASARAO KAMMA	Promoter	1.40%	1.40%	0.00%
NNR INFRA INVESTMENTS PRIVATE LIMITED	Promoter	0.99%	0.99%	0.00%
DHANALAKSHMI KAMMA	Promoter	0.91%	0.91%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%
Madhucon Projects Ltd.	30	4.02	-0.09	152.10%	-25.62% TTM	+49.15% TTM	-44.70%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Madhucon Projects Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2026 ,inter alia, to consider and approve Un-audited Standalone and ....30 Oct 2026 · Board Meeting / Board Meeting
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....6 Oct 2026 · Others / Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.
Submitted Compliance Certificate under Regulation 57 (5) of SEBI (LODR) Regulations 2015 for the quarter ended 30th September 2026.6 Oct 2026 · Others / 57 (5) : intimation after the end of quarter
Submitted Compliance Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submitted Scrutinizer Report Form No. MGT-3 and disclosure of voting results of 36th AGM under Regulation 44(3) of SEBI (LODR) Regulations 2015.1 Oct 2026 · AGM/EGM / AGM
Outcome of the 36th Annual General Meeting of the Company held on 29th September 2026.29 Sep 2026 · AGM/EGM / AGM
Submitted closure of Trading Window intimation pursuant to provisions of Regulation 9 of SEBI (PIT) Regulations, 2015.26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submitted newspaper advertisement clippings published for 36th AGM Notice.1 Sep 2026 · Company Update / Newspaper Publication
Submitted 36th Annual Report F.Y. 2025-2026 under regulation 34(1) of the SEBI (LODR) Regulations 2015.28 Aug 2026 · Others / Reg. 34 (1) Annual Report
Submitted Book Closure intimation to Regulation 42 of the SEBI (LODR) Regulations, the Register of Members and Share transfer Books of the Company will be remained closed from Wednesday, ....19 Aug 2026 · Corp. Action / Book Closure
Submitted the Notice of 36th Annual General Meeting of the Company in pursuant Regulation 30 of the SEBI (LODR) Regulations 2015.19 Aug 2026 · AGM/EGM / AGM
Publication of Un-Audited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026.14 Aug 2026 · Company Update / Newspaper Publication
upon recommendation of Nomination and Remuneration Committee, the Board of directors appointed Mr. Shankara Rao Kadambala (DIN: 11843104) as an Additional Director in the position of Independent ....13 Aug 2026 · Company Update / Change in Directorate
Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015 for Appointment of Statutory Auditors and Internal Auditors of the Company as under: 1. Pursuant to Regulation 30 of SEBI ....13 Aug 2026 · Company Update / Appointment of Statutory Auditor/s
Outcome Board Meeting of 13th August 2026 with approved un-audited Financial Results for the quarter ended 30th June 2026 and other agenda items.13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Madhucon Projects Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve un-audited Standalone and ....24 Jul 2026 · Board Meeting / Board Meeting
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....6 Jul 2026 · Others / Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.
Submitted Compliance Certificate under Regulation 74 (5) for the quarter ended 30th June 2025.6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submitted compliance under regulation 57(5) of the SEBI (LODR) Regulations 2015 for the quarter ended 30th June 2015.6 Jul 2026 · Others / 57 (5) : intimation after the end of quarter
Closure of Trading Window under Regulation 9 of SEBI (PIT) Regulations 2015.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Publication of Extract of the Audited Standalone and Consolidated Financial Results for the Quarter and Year ended 31st March 2026 published on 29th May 2026 in the Financial Express, English ....29 May 2026 · Company Update / Newspaper Publication
Approved Audited Financial Results for the quarter and year ended 31st March 2026 under regulation 33 of SEBI (LODR) Regulations 2015.28 May 2026 · Board Meeting / Outcome of Board Meeting
Madhucon Projects Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve the Audited Standalone and ....25 May 2026 · Company Update / Board Meeting Rescheduled
Change in Directors of the Company by Resignation in compliance of Regulation 30 of the SEBI (LODR) Regulations 2015. Based on the recommendation of Nomination and Remuneration Committee ....25 May 2026 · Company Update / Resignation of Director
Madhucon Projects Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2026 ,inter alia, to consider and approve the Audited Standalone and ....7 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....29 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Pursuant to Regulation 22A of SEBI (LODR) Regulations 2015, Submitted Annual Secretarial Compliance Report for the year ended 31st March 2026.24 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....3 Apr 2026 · Others / Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.
Submitted Compliance Certificate under Regulation 74 (5) for the quarter ended 31st March, 2026.2 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submitted compliance in terms of Regulation 57(5) of SEBI (LODR) Regulations 2015 for the quarter ended 31st March, 2026.2 Apr 2026 · Others / 57 (5) : intimation after the end of quarter
Submitted intimation for Closure of Trading window w.e.f. 1st April 2026 till 48 hours after declaration of Audited Financial Results for the fourth quarter and year ended 31st March 2026 ....26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Resignation of Director Mr. Samba Siva Rao (DIN: 09526475) Clarifications submitted to the Exchange in response to the e-mail message dated 17th March 2026.17 Mar 2026 · Company Update / Resignation of Director
Resignation of Director of Mr. Samba Siva Rao Jasty (DIN: 09526475) from the position of Director-F&A of the Company.16 Mar 2026 · Company Update / Resignation of Director
Publication of Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December 2025.9 Feb 2026 · Company Update / Newspaper Publication
Approved UfR for the quarter ended 31-12-20257 Feb 2026 · Board Meeting / Outcome of Board Meeting
Approved UfR for the quarter ended 31-12-20257 Feb 2026 · Board Meeting / Outcome of Board Meeting
Madhucon Projects Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/02/2026 ,inter alia, to consider and approve Approve the Un-Audited Standalone ....21 Jan 2026 · Board Meeting / Board Meeting
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....5 Jan 2026 · Others / Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks / financial institutions.
Submitted Compliance Certificate under Regulation 74 (5) for the quarter ended 31st December 2025.3 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Compliance certificate submitted as per Regulation 57(5) of SEBI (LODR) Regulations, 2015 for the quarter ended 31st December 2025.3 Jan 2026 · Others / 57 (5) : intimation after the end of quarter

Board meetings

13 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results