About
Madhucon Projects Limited, together with its subsidiaries, operates as an integrated construction, infrastructure development, and management company in India. The company engages in the development and execution of engineering, procurement, and construction, as well as undertakes turnkey projects in various sectors, such as transportation projects, including highways, tunnels, railways, flyovers, etc.; irrigation projects, such as canals, dams, tunnels, spillways, pump houses, and lift irrigation projects; water resource infrastructures; railways; mining; water supply and sanitation; and industrial projects. It also engages in the development of smart cities and properties, as well as urban infrastructure projects. The company was founded in 1983 and is based in Hyderabad, India.
Key Metrics
as of Sep 2026Market Cap34 Cr
P/E—
Div Yield0.00 %
Book Value₹-255.00
52w High₹8.55
52w Low₹3.61
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50.00 | 126.00 | 139.00 | 129.00 | 157.00 | 139.00 | 111.00 | 190.00 | 236.00 | 421.00 | 276.00 | 257.00 | 211.00 |
| Expenses | 39.00 | 156.00 | 169.00 | 180.00 | 194.00 | 175.00 | 137.00 | 392.00 | 255.00 | 642.00 | 273.00 | 309.00 | 238.00 |
| Operating Profit | 11.00 | -30.00 | -30.00 | -51.00 | -36.00 | -36.00 | -26.00 | -202.00 | -18.00 | -221.00 | 3.00 | -52.00 | -28.00 |
| OPM % | 21.00 | -24.00 | -21.00 | -39.00 | -23.00 | -26.00 | -23.00 | -106.00 | -8.00 | -53.00 | 1.00 | -20.00 | -13.00 |
| Other Income | 6.00 | 48.00 | 51.00 | 54.00 | 47.00 | 37.00 | 67.00 | 205.00 | 26.00 | 237.00 | 1.00 | 44.00 | 20.00 |
| Depreciation | 1.00 | 131.00 | 131.00 | 131.00 | 131.00 | 26.00 | 484.00 | 12.00 | 10.00 | 2.00 | 12.00 | 9.00 | 10.00 |
| Interest | 0.00 | -18.00 | 6.00 | 6.00 | 6.00 | 27.00 | 5.00 | 3.00 | 4.00 | 27.00 | 8.00 | 3.00 | 3.00 |
| Profit before tax | 16.00 | -95.00 | -116.00 | -133.00 | -127.00 | -52.00 | -447.00 | -12.00 | -7.00 | -13.00 | -17.00 | -20.00 | -21.00 |
| Tax % | -11.00 | 1.00 | 0.00 | -2.00 | 0.00 | 18.00 | 0.00 | -55.00 | 57.00 | -46.00 | -13.00 | -5.00 | -4.00 |
| Net Profit | 17.00 | -96.00 | -116.00 | -131.00 | -127.00 | -61.00 | -446.00 | -5.00 | -10.00 | -7.00 | -14.00 | -19.00 | -20.00 |
| EPS in Rs | 2.23 | -13.46 | -14.45 | -16.36 | -15.97 | -5.27 | -57.22 | -0.61 | -1.30 | 0.65 | -1.69 | -2.42 | -2.65 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 552.00 | 677.00 | 1,164.00 | 1,162.00 | 948.00 | 909.00 | 734.00 | 942.00 | 1,035.00 | 1,576.00 | 2,599.00 | 2,038.00 |
| Expenses | 699.00 | 959.00 | 1,463.00 | 1,415.00 | 1,012.00 | 945.00 | 687.00 | 885.00 | 1,010.00 | 1,212.00 | 1,654.00 | 1,383.00 |
| Operating Profit | -147.00 | -282.00 | -299.00 | -253.00 | -63.00 | -36.00 | 47.00 | 57.00 | 26.00 | 365.00 | 945.00 | 655.00 |
| OPM % | -27.00 | -42.00 | -26.00 | -22.00 | -7.00 | -4.00 | 6.00 | 6.00 | 2.50 | 23.00 | 36.00 | 32.00 |
| Other Income | 200.00 | 335.00 | 301.00 | 902.00 | 127.00 | 135.00 | -924.00 | 41.00 | 48.00 | 25.00 | 101.00 | 147.00 |
| Interest | 1.00 | 39.00 | 41.00 | 47.00 | 31.00 | 246.00 | 150.00 | 279.00 | 835.00 | 751.00 | 748.00 | 515.00 |
| Depreciation | 523.00 | 531.00 | 32.00 | 799.00 | 141.00 | 129.00 | 72.00 | 224.00 | 249.00 | 269.00 | 222.00 | 198.00 |
| Profit before tax | -471.00 | -518.00 | -71.00 | -197.00 | -108.00 | -276.00 | -1,099.00 | -405.00 | -1,010.00 | -630.00 | 76.00 | 88.00 |
| Tax % | 0.00 | 1.00 | -14.00 | -10.00 | 17.00 | -5.00 | 1.00 | -6.00 | -4.00 | 2.00 | 68.00 | 94.00 |
| Net Profit | -470.00 | -523.00 | -61.00 | -177.00 | -127.00 | -262.00 | -1,115.00 | -381.00 | -966.00 | -644.00 | 25.00 | 6.00 |
| EPS in Rs | -60.24 | -64.39 | -6.11 | -19.47 | -14.41 | -31.63 | -144.43 | -46.60 | -117.33 | -98.22 | 2.78 | -0.48 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -42.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | -1,886.00 | -1,475.00 | -1,510.00 | -1,927.00 | -2,095.00 | -1,892.00 | -2,438.00 | -2,130.00 | -1,775.00 | -829.00 | -296.00 | -322.00 |
| Borrowings | 3,657.00 | 3,554.00 | 3,913.00 | 4,011.00 | 4,178.00 | 4,241.00 | 4,446.00 | 7,070.00 | 6,994.00 | 6,748.00 | 6,729.00 | 6,453.00 |
| Other Liabilities | 1,357.00 | 1,526.00 | 1,802.00 | 2,019.00 | 3,413.00 | 2,978.00 | 2,951.00 | 2,758.00 | 2,665.00 | 2,303.00 | 2,013.00 | 2,067.00 |
| Total Liabilities | 3,135.00 | 3,612.00 | 4,213.00 | 4,110.00 | 5,503.00 | 5,335.00 | 4,966.00 | 7,705.00 | 7,892.00 | 8,229.00 | 8,454.00 | 8,205.00 |
| Fixed Assets | 83.00 | 124.00 | 169.00 | 53.00 | 677.00 | 749.00 | 1,236.00 | 4,336.00 | 4,552.00 | 4,791.00 | 5,289.00 | 5,575.00 |
| CWIP | 87.00 | 87.00 | 87.00 | 232.00 | 550.00 | 613.00 | 151.00 | 151.00 | 150.00 | 150.00 | 151.00 | 1,623.00 |
| Investments | 1.00 | 1.00 | 1.00 | 1.00 | 754.00 | 754.00 | 971.00 | 3.00 | 1.00 | 1.00 | 2.00 | 13.00 |
| Other Assets | 2,964.00 | 3,400.00 | 3,956.00 | 3,825.00 | 3,522.00 | 3,218.00 | 2,608.00 | 3,215.00 | 3,189.00 | 3,287.00 | 3,013.00 | 994.00 |
| Total Assets | 3,135.00 | 3,612.00 | 4,213.00 | 4,110.00 | 5,503.00 | 5,335.00 | 4,966.00 | 7,705.00 | 7,892.00 | 8,229.00 | 8,454.00 | 8,205.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 204.00 | 85.00 | -256.00 | -241.00 | 232.00 | -405.00 | -587.00 | 190.00 | 571.00 | 683.00 | -301.00 | 1,509.00 |
| Cash from Investing Activity | -445.00 | 51.00 | 467.00 | 949.00 | -158.00 | 839.00 | 2,843.00 | 3.00 | -2.00 | 107.00 | 466.00 | -1,366.00 |
| Cash from Financing Activity | 258.00 | -109.00 | -261.00 | -720.00 | -43.00 | -451.00 | -2,209.00 | -204.00 | -588.00 | -859.00 | -162.00 | -175.00 |
| Net Cash Flow | 18.00 | 27.00 | -49.00 | -13.00 | 30.00 | -16.00 | 47.00 | -11.00 | -20.00 | -68.00 | 2.00 | -32.00 |
| Free Cash Flow | -277.00 | -402.00 | -259.00 | -98.00 | 226.00 | -581.00 | 2,349.00 | 182.00 | 563.00 | 774.00 | 147.00 | 135.00 |
| CFO/OP % | -139.00 | -30.00 | 86.00 | 96.00 | -215.00 | 1,272.00 | -1,252.00 | 390.00 | 2,237.00 | 203.00 | -25.00 | 240.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4.00 | 3.00 | 11.00 | 2.00 | 6.00 | 2.00 | 58.00 | 14.00 | 11.00 | 49.00 | 57.00 | 26.00 |
| Inventory Days | 2.00 | 1.00 | 1.00 | 1.00 | 3.00 | 6.00 | 17.00 | 31.00 | 54.00 | 22.00 | 28.00 | 54.00 |
| Days Payable | 169.00 | 77.00 | 142.00 | 162.00 | 293.00 | 258.00 | 280.00 | 320.00 | 308.00 | 190.00 | 200.00 | 122.00 |
| Cash Conversion Cycle | -163.00 | -73.00 | -130.00 | -159.00 | -284.00 | -250.00 | -204.00 | -276.00 | -243.00 | -119.00 | -116.00 | -43.00 |
| Working Capital Days | -1,447.00 | -1,011.00 | -625.00 | -666.00 | -1,090.00 | -941.00 | -1,882.00 | -1,757.00 | -1,497.00 | -726.00 | -340.00 | -379.00 |
| ROCE % | -34.00 | -28.00 | -2.00 | -8.00 | -4.00 | -1.00 | 1.00 | -2.00 | -3.00 | 2.00 | 13.00 | 8.00 |
Corporate Actions
20 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 25 Nov 2020 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2019 | — | — | — | Annual General Meeting |
| Dividend | 14 Sep 2017 | — | — | 0.10 | |
| Dividend | 15 Sep 2016 | — | — | 0.10 | |
| Dividend | 22 Sep 2015 | — | — | 0.10 | |
| Dividend | 19 Sep 2014 | — | — | 0.20 | |
| Dividend | 20 Sep 2013 | — | — | 0.10 | |
| Dividend | 21 Sep 2012 | — | — | 0.10 | |
| Dividend | 22 Sep 2011 | — | — | 0.25 | |
| Dividend | 23 Sep 2010 | — | — | 0.40 | |
| Split | 05 Nov 2009 | 07 Nov 2009 | 2:1 | — | |
| Dividend | 24 Sep 2009 | — | — | 0.80 | |
| Dividend | 24 Sep 2008 | — | — | 0.60 | NSE/BSE dividend mismatch: NSE=0.3; BSE=0.6 |
| Dividend | 24 Sep 2008 | — | — | 0.30 | NSE/BSE dividend mismatch: NSE=0.3; BSE=0.6 |
| Dividend | 28 Aug 2007 | — | — | 0.60 | NSE/BSE dividend mismatch: NSE=0.3; BSE=0.6 |
| Dividend | 28 Aug 2007 | — | — | 0.30 | NSE/BSE dividend mismatch: NSE=0.3; BSE=0.6 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Oct 2025 from icra
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Rating update26 Sep 2024 from icra
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Rating update25 Aug 2023 from icra
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Rating update22 Jun 2022 from icra
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Rating update22 Apr 2021 from icra
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Rating update14 Jan 2020 from icra