₹4.33
+1.88% today
· 30d +4.59%
as of 2026-11-09
Price · Daily Candles
“Madhucon Projects: Revenue Surges 25% QoQ Amidst Deep Net Losses and Negative ROCE.”
Madhucon Projects, a small-cap Engineering & Construction firm with a market cap of ₹39.0 Cr, saw its Q4 2025 revenue climb by 25.03% YoY, reaching ₹139.0 Cr. However, the company continues to post significant net losses, reporting ₹-116.0 Cr in Q4 2025 and ₹-523.0 Cr for the full year 2025, alongside a deeply negative ROCE of -28.0%.
BULL CASE
+Quarterly revenue grew 25.03% YoY to ₹139.0 Cr in Q4 2025.
+Despite operating profit decline, the quarterly OPM remained positive at 11.33% in Q4 2025.
+The 52-week low for the stock is ₹3.61, indicating it is currently trading above this level at ₹5.3.
+ML predictions show strong Free Cash Flow (FCF) growth ranks: 0.825 for recent 2Y, 0.833 for rolling 4Y, and 0.792 for stable 7Y periods.
BEAR CASE
−The company recorded substantial annual net losses of ₹-523.0 Cr in 2025, following a Q4 2025 loss of ₹-116.0 Cr.
−Annual revenue dropped by -53.82% in 2025 compared to 2024, and 3-year revenue CAGR is -10.64%.
−Return on Capital Employed (ROCE) stands at a deeply negative -28.0%.
−The stock is trading -44.15% below its 52-week high of ₹9.49.
−Operating profit declined -47.52% YoY in Q4 2025.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹50 Cr
-68.25% YoY
NET PROFIT
₹17 Cr
OPM
29.6%
+24.58pp YoY
EPS
₹2.22
Intrinsic value · DCF ₹672.64 · Margin of safety +15434.5% (undervalued) · FCF yield 638.75%
◇ Sector Position
Madhucon Projects' -28.0% ROCE significantly lags peers like LT (21.24%) and NBCC (27.04%), suggesting a challenging financial position within the Engineering & Construction sector.
PEERPEROCE %
MADHUCON—-28.0
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ML Forward Growth Predictions 🔒
34
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
5
Valuation
—
—
Growth
DECLINING
28
Profitability
AVERAGE
48
Technicals
WEAK
40
Risk
MODERATE
50
Key Stats
P/B
-0.02
52W HIGH
₹7.77
OFF HIGH
-44.27%
MKT CAP
₹32 Cr
◉ Active Signals
MACDNeutral0.0499
RSI(14)Neutral57.76
⧉ Strategy Fit 🔒