Madhav Infra Projects Ltd Infra Stock Under ₹15 in Focus After Commissioning 12.5 MW Solar Power Project in Gujarat
Shares of Madhav Infra Projects Ltd, a microcap company engaged in infrastructure development and solar power generation, are making headlines after the company successfully commissioned 12.5 MW of its planned 35 MWp Solar Power Project in Gujarat.
Stock Price Movement
On Tuesday’s trading session, the company’s stock surged by 6.7% to touch an intraday high of ₹12.09 per share. However, the stock closed almost flat at ₹11.34 per share compared to the previous closing of ₹11.33.
Over the past few years, Madhav Infra Projects Ltd has delivered impressive returns to investors:
- 121% returns in the last three years
- 91% returns in the past five years
This strong price movement, coupled with the company’s latest project commissioning, has caught the attention of investors looking for potential multibagger stocks in the infrastructure and renewable energy space.
What Triggered the Rally?
The key catalyst behind this stock movement is the announcement made by the company on February 24, 2025. According to the official press release, Madhav Infra Projects Ltd received a certificate from the Chief Electrical Commissioner confirming the successful partial commissioning of a 12.5 MW solar power project in Gujarat for Gujarat State Electricity Corporation Limited (GSECL).
This milestone is part of a larger 35 MWp solar power project and aligns with the company’s efforts to expand its footprint in renewable energy and sustainable infrastructure. The management stated that this project will contribute significantly to Gujarat’s renewable energy sector and strengthen the company’s presence in the solar power segment.
Company Financials – Strong Revenue Growth Despite Profit Decline
Madhav Infra Projects Ltd reported a 68% year-on-year (YoY) growth in revenue in Q3FY25, reflecting its strong project execution capabilities. However, the company’s net profit witnessed a decline of 25% YoY. Below is a detailed look at its financial performance:
| Financial Metrics | Q3FY24 | Q3FY25 | % Change (YoY) |
|---|---|---|---|
| Revenue from Operations | ₹87.78 Cr | ₹147.26 Cr | +68% |
| Net Profit | ₹3.59 Cr | ₹2.69 Cr | -25% |
Despite the dip in net profits, the company’s strong revenue growth signals robust business expansion, and investors are optimistic about future profitability.
New Order from Western Railway
In addition to its progress in the solar power sector, Madhav Infra Projects Ltd has been actively securing infrastructure contracts. In December 2024, the company received a Letter of Acceptance from Western Railway for a significant project worth ₹264.4 Crores.
Project Highlights:
- The project involves the construction of a broad gauge (BG) railway line between Amjhera and Sardarpur in the Dahod-Indore region.
- The total timeline for completion is 18 months.
- The contract showcases the company’s diversification into rail logistics infrastructure.
This new order is expected to boost the company’s revenue in the coming quarters, further solidifying its growth trajectory in the infrastructure sector.
Madhav Infra Projects Ltd – A Multi-Sector Infrastructure Player
Madhav Infra Projects Ltd has a diverse portfolio across transportation, sustainable energy, and rail logistics infrastructure. Below is a snapshot of its business segments:
| Business Segment | Experience | Projects Completed | Ongoing Projects |
|---|---|---|---|
| Transport Infrastructure EPC | 40+ years | 50+ projects, 1100+ km roads, 500+ bridges | Expanding portfolio |
| Sustainable Energy | 12+ years | 30+ projects (148 MW) | 155.5 MW under execution |
| Rail Logistics Infrastructure | New segment | – | 30+ km ongoing |
With its vast experience and recent expansion into rail logistics, the company is positioning itself as a key player in India’s growing infrastructure sector.
Future Outlook – A Stock to Watch in the Infra and Renewable Space?
Madhav Infra Projects Ltd has a promising growth trajectory, backed by:
- Strong revenue growth and an expanding order book.
- A diversified presence across infrastructure, renewable energy, and rail logistics.
- A newly commissioned solar power project in Gujarat.
- A robust order pipeline with a ₹264.4 Crore railway project.
Given its low stock price of ₹11.34, the company is attracting investor interest as a potential undervalued stock in the microcap space. With continued project execution and sectoral tailwinds in infrastructure and renewable energy, Madhav Infra Projects Ltd remains a stock to watch in the coming months.
Conclusion
The recent commissioning of the 12.5 MW solar power project in Gujarat marks another milestone for Madhav Infra Projects Ltd. With strong revenue growth, expanding projects, and a growing presence in India’s infrastructure and clean energy sectors, the company has the potential to deliver long-term value to investors.
Investors looking for low-priced infra stocks with high growth potential may find Madhav Infra Projects Ltd an interesting pick. However, given the volatility in microcap stocks, investors should conduct thorough research before making investment decisions.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.