Infra stock under ₹15 in focus after commissioning 12.5 MW solar power project in Gujarat

The shares of a Microcap Infrastructure Company which is in the business of Infrastructure Development and Solar Power generation are in focus after successful partial commissioning for the Solar Power Project in Gujarat. 

Share Price Movement 

The shares of Madhav Infra Projects Ltd, with a total market capitalization of Rs 311.91 Crores, reached an Intraday high of Rs 12.09 per share, gaining around 6.7 percent on Tuesday’s trade. The shares closed on a flatter trend at Rs 11.34 per share against the previous closing price of Rs 11.33.

The shares of Madhav Infra Projects Ltd generated returns of 121 percent in three years, and a return of 91 percent in the past five years. 

What Happened 

As per a press release dated February 24, 2025, Madhav Infra Projects Ltd announced that it has received  a certificate from Chief Electrical Commissioner for the successful partial commissioning of a 12.5 MW (out of a total capacity of 35 MWp) Solar Power Project in Gujarat for Gujarat State Electricity Corporation Limited (GSECL). 

The company’s management stated that this project will contribute significantly to the sustainable energy landscape of Gujarat and reinforce their commitment to delivering high-quality renewable energy solutions.

Financials

The company’s Revenue from Operations have increased 68 percent YoY from Rs 87.78 Crores in Q3FY24 to Rs 147.26 Crores in Q3FY25. The Net Profits of the company however declined by 25 percent YoY from Rs 3.59 Crores to Rs 2.69 Crores over the same period. 

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Previous Order

The company has received a Letter of Acceptance from the Deputy Chief Engineer Construction, Western Railway for a new project in December 2024. The project involves a number of tasks related to building a new broad gauge (BG) railway line between Amjhera and Sardarpur in the Dahod-Indore region, under the Western Railway. The project which is valued at Rs. 264.4 Crores is expected to be completed within 18 months. 

Company Segments

The company with over 40 years of experience  in Transport Infrastructure EPC has completed 50+ projects, 1100+ Kms of roads, and 500+ Major & Minor Bridges. With over 12 years of experience in Sustainable Energy Infrastructure, it has completed 30+ projects totaling 148 MW, and has ongoing projects of 155.5 MW.  Recently, it expanded into Rail Logistics Infrastructure, with 30+ km of ongoing projects.

About Madhav Infra Projects Ltd

The company is engaged in the development, construction, and also operation and maintenance of infrastructure projects. It is also involved in the power generation business, including solar and hydro. The company is also building, developing and maintaining highways, bridges and roads. It undertakes Infrastructure development projects directly or indirectly through Special Purpose Vehicles. 

Written By Adhvaitha Nayani

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