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Madala Holdings Overview

1. Business Overview

Madala Holdings Ltd. (MADALA) is an Indian company operating in the Construction and Real Estate sector. Its core business likely involves the development, construction, and sale of various types of properties. This typically includes residential projects (apartments, villas), commercial spaces (offices, retail), and potentially mixed-use developments. The company generates revenue primarily through the sale of these developed properties to end-users or investors. It may also derive income from property management, leasing of commercial assets, or project management services, depending on its specific business model.

2. Key Segments / Revenue Mix

Specific key segments and their revenue contribution for Madala Holdings Ltd. are not available. In the broader Construction - Real Estate industry, common segments include:

Residential Development: Focusing on housing projects.

Commercial Development: Building office spaces, retail malls, and hospitality properties.

Land Development / Plots: Selling developed land parcels.

Given its industry, Madala Holdings likely operates across one or more of these segments, but the precise mix is unknown.

3. Industry & Positioning

The Indian Construction and Real Estate industry is large, diverse, and often characterized by regional fragmentation. It is cyclical, influenced heavily by economic growth, interest rates, government policies, and consumer sentiment. Key drivers include rapid urbanization, a growing middle class, and government initiatives like "Housing for All" and infrastructure development. The industry is regulated by bodies like RERA (Real Estate Regulatory Authority), which has introduced greater transparency and accountability. Without specific information, Madala Holdings' exact positioning (e.g., pan-India developer, regional player, focus on affordable vs. luxury, commercial vs. residential) within this competitive landscape is unknown. It operates amidst numerous local, regional, and national players.

4. Competitive Advantage (Moat)

Specific competitive advantages for Madala Holdings Ltd. are not provided. In the real estate sector, potential moats can include:

Brand Reputation & Trust: A strong track record of timely delivery and quality construction.

Strategic Land Bank: Owning desirable land parcels at favorable costs.

Execution Capabilities: Efficiency in project planning, construction, and sales.

Financial Strength: Access to capital at competitive rates for large-scale projects.

Regulatory Compliance: Expertise in navigating complex land acquisition and regulatory frameworks.

Customer Loyalty/Network Effects: Repeat customers or strong broker networks.

The presence or strength of these advantages for Madala Holdings is not verifiable with the available information.

5. Growth Drivers

Key factors that could drive growth for Madala Holdings Ltd. over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to urban centers increases demand for housing and commercial spaces.

Rising Disposable Incomes: Economic growth in India leading to higher purchasing power.

Government Policies: Support for affordable housing, smart cities, and infrastructure development.

Favorable Interest Rate Environment: Lower home loan interest rates can stimulate buyer demand.

Improved Regulatory Environment: Greater transparency post-RERA can boost buyer confidence.

FDI in Real Estate: Increased foreign investment can provide capital for large projects.

6. Risks

Madala Holdings Ltd. faces risks common to the Construction and Real Estate sector in India:

Cyclicality: Sensitivity to economic downturns, which can reduce property demand and prices.

Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for developers and reduce affordability for buyers.

Regulatory Changes: Evolving policies related to land acquisition, environmental clearances, and construction norms (e.g., RERA amendments) can impact project timelines and costs.

Land Acquisition Challenges: Delays and legal complexities in acquiring suitable land parcels.

Funding Risks: Reliance on debt financing and timely sales for project funding, making it vulnerable to liquidity crises.

Project Execution Risks: Delays in construction, cost overruns due to material price inflation, and labor shortages.

Intense Competition: Highly fragmented market with numerous local and national players.

7. Management & Ownership

Information regarding the promoters, specific management quality, or detailed ownership structure of Madala Holdings Ltd. is not available. Many Indian companies, particularly in the real estate sector, are promoter-led, meaning the founding family or individuals hold significant control and often key management positions. However, without specific data, the composition and quality of management, as well as the ownership breakdown, remain unknown.

8. Outlook

The outlook for Madala Holdings Ltd. is subject to the broader dynamics of the Indian real estate market and its own operational specifics.

Bull Case: If the Indian economy continues its growth trajectory, urbanization accelerates, and government support for infrastructure and housing remains strong, Madala Holdings could capitalize on increasing demand. Effective project execution, strategic land banking, and strong financial management could lead to robust revenue growth and profitability.

Bear Case: A significant economic slowdown, sustained high interest rates, oversupply in specific markets, or adverse regulatory changes could negatively impact property demand and prices, leading to project delays, cost overruns, and financial strain. Intense competition and issues with land acquisition or funding could also hinder growth.

The actual trajectory for Madala Holdings will depend heavily on its specific project pipeline, financial health, strategic positioning, and ability to navigate the inherent cyclicality and regulatory complexities of the Indian real estate market.

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Madala Holdings Key Financials

Market Cap ₹278 Cr.

Stock P/E 32.2

P/B 2.3

Current Price ₹188.1

Book Value ₹ 81.3

Face Value 10

52W High ₹316.3

Dividend Yield 0%

52W Low ₹ 157.5

Madala Holdings Share Price

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Volume
Price

Madala Holdings Quarterly Price

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Madala Holdings Peer Comparison

Madala Holdings Quarterly Results

#(Fig in Cr.) Jun 2017 Sep 2017 Dec 2017 Mar 2018 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1 1 1 4 3 3 3 3 3 3
Other Income 4 4 4 1 2 1 1 3 1 3
Total Income 4 6 6 5 5 4 5 6 4 6
Total Expenditure 2 2 2 2 1 1 1 1 1 2
Operating Profit 2 3 3 3 4 3 3 5 3 5
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 3 3 2 3 2 3 5 3 4
Provision for Tax 0 1 1 1 1 0 0 0 1 1
Profit After Tax 2 2 2 1 2 2 2 4 2 4
Adjustments -2 -2 -2 -1 0 0 0 0 -0 0
Profit After Adjustments 0 0 0 0 2 2 2 4 2 4
Adjusted Earnings Per Share 0.9 1 1 0.8 1.5 1.1 1.4 2.9 1.2 2.4

Madala Holdings Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 5 4 3 14 18 22 19 24 32 14 13 12
Other Income 10 11 16 5 5 5 8 3 7 6 6 8
Total Income 15 14 19 19 23 28 27 27 39 19 19 21
Total Expenditure 9 10 7 9 12 15 12 18 25 5 5 5
Operating Profit 6 5 11 11 11 13 15 8 14 14 13 16
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 3 3 3 2 2 2 2 2 2 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 1 8 8 9 10 13 7 12 12 11 15
Provision for Tax 0 0 1 2 2 3 2 2 6 2 3 2
Profit After Tax 1 1 8 5 6 8 11 4 6 10 9 12
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 8 5 6 8 11 4 6 10 9 12
Adjusted Earnings Per Share 0.7 0.6 4.5 3.3 3.8 4.6 6.4 2.6 4.1 6.7 5.8 7.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -7% -18% -10% 10%
Operating Profit CAGR -7% 18% 0% 8%
PAT CAGR -10% 31% 2% 25%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -19% 8% 19% 11%
ROE Average 8% 7% 6% 5%
ROCE Average 11% 10% 9% 7%

Madala Holdings Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 183 182 119 125 133 140 151 162 133 102 111
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 4 4 4 4 4 4 4 10 17 10 10
Total Current Liabilities 1 1 1 1 2 2 2 3 6 6 1
Total Liabilities 188 187 123 130 139 146 157 175 156 118 121
Fixed Assets 34 31 30 28 26 25 12 11 10 11 10
Other Non-Current Assets 116 121 20 19 19 20 108 128 113 94 93
Total Current Assets 38 35 73 82 94 102 38 36 33 13 18
Total Assets 188 187 123 130 139 146 157 175 156 118 121

Madala Holdings Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 25 2 1 1 2 0 1 1 2 2 0
Cash Flow from Operating Activities 2 4 5 4 5 5 -69 -7 28 8 -3
Cash Flow from Investing Activities -25 -5 -6 -4 -6 -4 69 8 11 -6 4
Cash Flow from Financing Activities 0 0 -0 0 0 0 0 0 -35 -3 0
Net Cash Inflow / Outflow -24 -0 -0 1 -1 1 -1 1 4 -1 1
Closing Cash & Cash Equivalent 2 2 1 2 0 1 1 2 6 0 1

Madala Holdings Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.72 0.56 4.5 3.25 3.76 4.59 6.44 2.57 4.1 6.69 5.85
CEPS(Rs) 3.44 2.56 6.2 4.79 5.12 5.82 7.52 3.58 5.16 8.04 7.11
DPS(Rs) 0 1.2 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 108.68 107.8 70.38 73.99 78.58 83.12 89.66 96.08 89.88 68.91 74.61
Core EBITDA Margin(%) -81 -164.06 -185.02 38.96 34.18 33.52 36.14 23.91 20.3 64.34 58.56
EBIT Margin(%) 33.48 36.98 340.97 54.79 48.77 48 68.29 27.45 38.7 92.21 90.5
Pre Tax Margin(%) 33.48 29.26 333.21 53.67 47.49 46.84 67.53 27.13 37.58 89.7 87.91
PAT Margin (%) 24.33 25.74 302.8 37.82 34.47 34.46 57.39 17.87 19.21 73.11 67.77
Cash Profit Margin (%) 116.33 117.16 417.08 55.67 46.89 43.7 67 24.88 24.18 87.89 82.35
ROA(%) 0.64 0.51 4.89 4.33 4.71 5.42 7.14 2.6 3.66 7.2 7.22
ROE(%) 0.66 0.52 5.05 4.51 4.93 5.67 7.46 2.77 4.11 8.42 8.15
ROCE(%) 0.91 0.74 5.67 6.51 6.95 7.88 8.85 4.24 8.26 10.59 10.84
Receivable days 331.33 344.04 300.18 68.52 84.18 72.01 84.75 69.08 68.41 130.09 60.13
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 69.28 99.88 8 10.31 8.81 5.78 12.21 68.19 36.01 37.38 41.31
Price/Book(x) 0.46 0.52 0.51 0.45 0.42 0.32 0.88 1.82 1.64 3.63 3.24
Dividend Yield(%) 0 2.14 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 16.51 25.29 23.78 3.78 3.01 1.93 6.97 12.1 6.73 27.3 27.92
EV/Core EBITDA(x) 13.15 19.7 5.22 5.2 4.92 3.37 8.95 35.13 15.41 25.52 26.57
Net Sales Growth(%) -11.63 -26.23 -31.93 478.5 26.86 22.02 -15.68 28.11 30.21 -57.14 -5.71
EBIT Growth(%) -49.34 -18.51 527.69 -7.04 12.92 20.08 19.96 -48.5 83.56 2.14 -7.46
PAT Growth(%) -31.96 -21.96 700.75 -27.74 15.61 21.97 40.44 -60.12 39.97 63.18 -12.6
EPS Growth(%) -31.96 -21.95 700.68 -27.74 15.61 21.97 40.44 -60.12 59.47 63.33 -12.6
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 33.55 38.02 74.39 80.58 38.32 59.26 23.7 11.39 5.33 2.28 20.66
Quick Ratio(x) 33.55 38.02 74.39 80.58 38.32 59.26 23.7 11.39 5.33 2.28 20.66
Interest Cover(x) 0 4.79 43.9 48.79 37.96 41.55 89.68 85.31 34.55 36.77 34.96
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Madala Holdings Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.53 26.53 26.53 26.53 26.53 26.53 26.53 26.53 26.53 26.53
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Madala Holdings News

Madala Holdings Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 7% over the last 3 years.
  • Earnings include an other income of Rs. 6 Cr.
  • The company has delivered a poor profit growth of 2% over past five years.
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