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Madhucon Projects Limited (MADHUCON) Fair Value & Analysis

Industrials · IN · Market cap ₹452M

MP Madhucon Projects Limited MADHUCON · NSE
Price₹6.11
Fair Value₹1.89
Upside-69.1%
Quality38/100
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Evidence: Low Range ₹1.74 – ₹2.12

Fair value as of: Jul 3, 2026

From 3 valuation models · updated today

Share price +15.7% over the past month.

Price vs Fair Value (12 months)

₹8.26 ₹3.74 Fair Value ₹1.89 Jul 2025 Jul 2026

12‑month range ₹3.74 – ₹8.26 · fair‑value band ₹1.74 – ₹2.12 · the ₹6.11 price screens above the ₹1.89 fair value. As of Jul 3, 2026.

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Analysis

Madhucon Projects Limited (MADHUCON) currently trades at ₹6.11, while our model-based Fair Value estimate is ₹1.89 — implying the stock looks roughly 69.1% overvalued today. We read business quality at 38/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Over the trailing twelve months, Madhucon Projects Limited generated revenue of ₹5.5B at a net margin of -80.6%. Revenue declined 21.8% year over year. Net debt stands at ₹35.7B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.5B
Revenue growth (YoY) -21.8%
Net margin -80.6%
Free cash flow −₹1.1B FY2026
Operating margin -128%
EPS (TTM) ₹-60.24
More key figures
Net debt ₹35.7B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Madhucon Projects Limited reported revenue of ₹5.5B in FY2026 versus ₹9.5B in FY2022, a compound −12.7%/yr. Reported net income was −₹4.4B in FY2026.

Revenue −12.7%/yr
FY22 ₹9.5B
FY23 ₹11.2B
FY24 ₹11.6B
FY25 ₹6.8B
FY26 ₹5.5B
Net income
FY22 −₹1.1B
FY23 −₹1.4B
FY24 −₹451M
FY25 −₹4.8B
FY26 −₹4.4B

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Frequently asked questions

Is Madhucon Projects Limited (MADHUCON) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹1.89 versus a price of ₹6.11 — about −69% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MADHUCON?
Our model-based fair value for Madhucon Projects Limited is ₹1.89 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹6.11.
What is the quality score of MADHUCON?
Madhucon Projects Limited has a Quality Score of 38/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Madhucon Projects Limited (MADHUCON)?
Madhucon Projects Limited reported trailing-twelve-month revenue of about ₹5.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MADHUCON?
The net profit margin of Madhucon Projects Limited is about -80.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.