Madhucon Projects Limited (MADHUCON) AI Stock Analysis

• Market Cap: ₹594.79M
• Dividend Yield: N/A
• Average Volume (3M): 12.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: -49.78%
• EPS Growth: -1560.10%
• Country: IN
• Employees: 738
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Engineering & Construction
• EPS (TTM): -15.97
• Shares Outstanding: 73,794,945
• 10 Day Avg. Volume: 11,081
• 30 Day Avg. Volume: 12,845
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.03
• Price to Sales (P/S): 0.06
• P/FCF Ratio: -0.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹7.50
• Price Target Upside: -6.95% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: ₹7.50 ▼(-6.95% Downside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by significant profitability and cash flow issues. While technical analysis shows some positive momentum, the valuation remains unattractive due to a negative P/E ratio and no dividend yield. These factors collectively suggest a high-risk investment.

Madhucon Projects Limited Business Overview & Revenue Model

Company Description

Madhucon Projects Limited, together with its subsidiaries, operates as an integrated construction, infrastructure development, and management company in India. It operates in three segments: Construction, Power, and Toll Collection. The company engages in the development and execution of engineering, procurement, and construction, as well as turnkey projects. Its projects include highway and expressway, road, railway, port, irrigation and water resource, building and property development, coal and other mineral mining, bridge and flyover, tunneling, industrial, and other infrastructure, as well as energy generation, transmission, and distribution projects. The company also develops smart cities and properties. Madhucon Projects Limited was founded in 1983 and is based in Hyderabad, India.

How the Company Makes Money

Madhucon Projects Limited generates revenue primarily through the execution of large-scale civil engineering and construction projects. The company's key revenue streams include government contracts for infrastructure development, such as highways, bridges, and irrigation projects. Additionally, Madhucon engages in public-private partnerships (PPPs) and builds, operates, and transfers (BOT) projects, which involve long-term concessions where they finance, construct, and operate infrastructure facilities. These projects provide steady cash flows over time as the company collects revenues from tolls or service fees. Strategic partnerships with government entities and private organizations play a crucial role in securing contracts and projects, contributing significantly to the company's earnings.

Madhucon Projects Limited Financial Statement Overview

Summary

Madhucon Projects Limited is experiencing severe financial difficulties across all financial statements. The company faces profitability issues, high leverage, and negative equity, which pose significant risks. Cash flow challenges further compound the financial instability, indicating a need for strategic restructuring to regain financial health.

Income Statement

Madhucon Projects Limited has faced significant challenges in its income statement. The net profit margin and gross profit margin are negative, indicating profitability issues. The revenue growth has been inconsistent, with a recent decline in revenue from the previous year. EBIT and EBITDA margins are also weak, highlighting operational inefficiencies.

Balance Sheet

The company has a highly leveraged balance sheet with a negative stockholders' equity, indicating insolvency. The debt-to-equity ratio is unfavorable, and the equity ratio is negative, suggesting financial instability. The return on equity is not meaningful due to negative equity.

Cash Flow

Cash flow metrics reveal some critical issues, with negative free cash flow and inconsistent operating cash flows. Despite a slight improvement in operating cash flow in the most recent period, free cash flow remains negative, reflecting cash management challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.97B	6.77B	11.62B	11.24B	9.48B	8.43B
Gross Profit	1.25B	1.41B	2.13B	933.93M	2.03B	-543.59M
EBITDA	548.53M	523.60M	23.76M	6.49B	638.49M	888.04M
Net Income	-5.83B	-4.75B	-451.17M	-1.44B	-1.06B	-2.33B
Balance Sheet
Total Assets	0.00	36.12B	42.13B	41.10B	55.03B	53.35B
Cash, Cash Equivalents and Short-Term Investments	662.95M	15.57B	329.11M	823.81M	954.24M	650.04M
Total Debt	0.00	35.54B	38.13B	32.19B	41.78B	42.41B
Total Liabilities	20.05B	56.17B	62.00B	64.67B	77.14B	73.16B
Stockholders Equity	-20.05B	-14.68B	-15.03B	-19.20B	-20.88B	-18.84B
Cash Flow
Free Cash Flow	0.00	-4.02B	-2.53B	-2.41B	2.26B	-5.09B
Operating Cash Flow	0.00	847.45M	-2.50B	-2.41B	2.32B	-4.05B
Investing Cash Flow	0.00	451.70M	4.67B	9.49B	-1.58B	8.39B
Financing Cash Flow	0.00	-1.09B	-2.61B	-7.20B	-559.49M	-4.51B

Madhucon Projects Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MADHUCON, the sentiment is Positive. The current price of 8.06 is above the 20-day moving average (MA) of 7.33, above the 50-day MA of 6.93, and above the 200-day MA of 7.60, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 62.64 is Neutral, neither overbought nor oversold. The STOCH value of 77.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MADHUCON.

Madhucon Projects Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEARDSELL	72 Outperform	₹1.46B	7.12	12.11%	0.30%	10.88%	127.19%
AKSHARCHEM	54 Neutral	₹2.18B	50.26	1.81%	0.28%	12.98%	―
KAKATCEM	54 Neutral	₹1.14B	-7.60	-6.37%	2.05%	-41.81%	-1195.95%
MANORG	54 Neutral	₹4.62B	19.95	4.30%	―	11.14%	309.69%
MADHUCON	45 Neutral	₹594.79M	―	―	―	-49.78%	-1560.10%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%