Madhucon Projects Limited (MADHUCON.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-18500.4%

-₹743.38

vs ₹4.04 price

Levered DCF

-₹911.26

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-0.06×	-0.09×	-1.59×	-0.17×	-0.4×	-0.16×	-0.01×	-0.18×
P/B	-0.01×	-0.03×	-0.05×	-0.01×	-0.02×	-0.02×	-0×	-0.03×
P/S	0.05×	0.06×	0.06×	0.02×	0.04×	0.04×	0.02×	0.07×
EV / EBITDA	68.44×	67.58×	1,618.58×	4.87×	64.61×	45.4×	-4.99×	74.89×
Gross margin	-57.9%	20.8%	18.3%	8.3%	21.4%	-6.4%	15.3%	18.6%
Operating margin	-121.4%	-120.2%	-28.5%	-63.7%	-21.6%	-18.0%	1.5%	-17.0%
Net margin	-80.6%	-70.2%	-3.9%	-12.8%	-11.2%	-27.7%	-145.2%	-37.4%
Current ratio	0.39×	0.49×	0.54×	0.55×	0.44×	0.49×	0.3×	0.3×
Debt / equity	-1.95×	-2.42×	-2.54×	-1.68×	-2×	-2.25×	-1.83×	-3.33×
Interest coverage	-1,006.3×	-20.94×	-7.99×	-15.19×	-6.52×	-0.62×	0.07×	-0.56×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	23.7%	32.4%	3.0%	7.5%	5.1%	12.4%	43.8%	16.2%
Return on invested capital	-41.1%	-38.0%	-12.8%	-56.6%	-8.3%	-5.2%	0.5%	-2.8%
Return on assets	-14.2%	-13.2%	-1.1%	-3.5%	-1.9%	-4.4%	-21.5%	-4.5%
Free cash flow yield	-397.6%	-918.9%	-353.5%	-962.2%	537.7%	-1378.8%	-4971.4%	297.0%
Earnings yield	-1610.7%	-1086.0%	-63.0%	-572.7%	-252.8%	-632.5%	-9027.0%	-561.5%
Enterprise value	₹36.1B	₹35.4B	₹38.5B	₹31.6B	₹41.3B	₹42.1B	₹43.8B	₹71B
Net debt / EBITDA	67.91×	66.74×	1,588.43×	4.83×	63.95×	45×	-4.98×	74.24×
Cash conversion cycle (days)	-56	-73	490	-191	-291	-250	-204	-275