Fresh breakout alert: Surge witnessed in this green energy penny stock on monthly charts;

Since its inception in 2010, Madhav Infra Projects Ltd (MIPL) has been an integral player in the realms of Infrastructure Development and Solar Power generation. As the flagship of the Vadodara-based Madhav group, MIPL’s journey unfolds as a captivating saga of success and sustainability.

MIPL’s Business Overview

MIPL stands as the EPC (Engineering, Procurement, and Construction) arm of the Madhav group, showcasing its prowess across diverse sectors, including Energy, Real Estate, Highways, and Urban Infrastructure. The company’s footprint extends to large-scale self-financed BOT (Build-Operate-Transfer) projects, emphasizing its commitment to innovation and development.

Diverse Business Divisions

a) Energy: Powering the Future

MIPL takes the lead in green power projects, specializing in Power Generation, Transmission, and Distribution. With Solar and Hydro-based projects spanning various states, the company is at the forefront of the renewable energy revolution.

b) Infrastructure: Crafting the Foundations

Completing a myriad of BOT projects, Road Projects, Bus Terminal Projects, Water Supply Projects, and more, MIPL is instrumental in shaping the infrastructure landscape. From urban utilities to industrial necessities, the company’s impact is far-reaching.

c) Real Estate: Bridging Dreams and Reality

MIPL’s involvement in both residential and commercial real estate projects adds another dimension to its versatile portfolio. As a catalyst for modern living and dynamic workspaces, the company leaves an indelible mark in the real estate sector.

FY23 Milestones

In the fiscal year 2023, MIPL showcased its capabilities through the Design, Engineering, Supply & Procurement of power plants for esteemed clients, including GSECL, ONGC, and Energy Efficiency Services Ltd. These ventures solidify MIPL’s reputation as a trusted partner in the energy sector.

Source: Screener

Revenue Breakdown

In FY23, MIPL demonstrated financial resilience with a revenue breakdown highlighting the significance of Civil Contracts, Vessel Contract receipts, Other Sales & Services, and Other Income. This diversified revenue stream is a testament to the company’s adaptability and strategic approach.

Technical Analysis

Stock has given a fresh monthly breakout on charts, the stock has given a 179.6% return over the past year.

Order Book

With an order book of Rs. 666 Crore in FY23, MIPL’s commitments include a 15 MW solar EPC project in Vagra, Gujarat. Additionally, being declared L1 bidder for solar and RoB projects, and awarded projects for bridge and railway over bridge construction, MIPL’s order book reflects a diverse mix of projects across various segments.

Regional Dominance and Amalgamation

MIPL’s current order book is primarily concentrated in Madhya Pradesh and Gujarat, forming around 94% of its total order book. Furthermore, a noteworthy development includes the NCLT-approved amalgamation of wholly owned subsidiaries, reinforcing MIPL’s commitment to cohesive growth.

Key Risks

• Working Capital Intensity
• Leveraged Capital Structure and Debt Coverage
• Geographical Concentration in Order Book
• Fixed Price Contracts and Execution Risks
• Competitive Landscape in Construction Industry

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Conclusion

Madhav Infra Projects Ltd emerges not only as a business entity but as a catalyst for sustainable progress. MIPL continues to shape the landscape of infrastructure and solar power. As the NCLT-approved amalgamation sets the stage for new horizons, MIPL stands poised for an exciting chapter in its journey towards sustainable growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.