Madhav Infra Projects (NSE:MADHAVIPL) Cyclically Adjusted PS Ratio: (As of Aug. 22, 2026)

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NSE:MADHAVIPL Madhav Infra Projects Ltd NSE:MADHAVIPL
61 GF Score
Price ₹7.31
GF Value ₹10.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Madhav Infra Projects Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Madhav Infra Projects  (NSE:MADHAVIPL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Madhav Infra Projects Cyclically Adjusted PS Ratio Related Terms


Madhav Infra Projects Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Madhav Infra Projects's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Madhav Infra Projects Cyclically Adjusted PS Ratio Chart

Madhav Infra Projects Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.62 0.58 0.35

Madhav Infra Projects Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.56 0.58 0.35 0.42

NSE:MADHAVIPL vs : Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Madhav Infra Projects's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Madhav Infra Projects Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Madhav Infra Projects's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Madhav Infra Projects's Cyclically Adjusted PS Ratio falls into.


NSE:MADHAVIPL
61GF Score
Madhav Infra Projects Ltd NSE:MADHAVIPL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madhav Infra Projects Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Madhav Infra Projects's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Madhav Infra Projects's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.248/333.9520*333.9520
=3.248

Current CPI (Jun. 2026) = 333.9520.

Madhav Infra Projects Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.372 238.638 0.521
201509 2.332 237.945 3.273
201512 5.604 236.525 7.912
201603 2.131 238.132 2.988
201606 1.308 241.018 1.812
201609 4.419 241.428 6.113
201612 7.229 241.432 9.999
201703 6.864 243.801 9.402
201706 4.698 244.955 6.405
201803 0.000 249.554 0.000
201903 0.000 254.202 0.000
201906 2.383 256.143 3.107
201909 2.272 256.759 2.955
201912 1.678 256.974 2.181
202003 1.513 258.115 1.958
202006 1.045 257.797 1.354
202009 2.177 260.280 2.793
202012 3.519 260.474 4.512
202103 7.426 264.877 9.363
202106 2.742 271.696 3.370
202109 3.926 274.310 4.780
202112 3.027 278.802 3.626
202203 8.135 287.504 9.449
202206 3.169 296.311 3.572
202209 3.385 296.808 3.809
202212 5.179 296.797 5.827
202303 7.579 301.836 8.385
202306 4.625 305.109 5.062
202309 3.555 307.789 3.857
202312 3.256 306.746 3.545
202403 4.028 312.332 4.307
202406 2.481 314.175 2.637
202409 3.332 315.301 3.529
202412 5.481 315.605 5.800
202503 11.401 319.799 11.906
202506 3.276 322.561 3.392
202509 3.918 324.800 4.028
202512 2.052 324.054 2.115
202603 9.437 330.213 9.544
202606 3.248 333.952 3.248

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Madhav Infra Projects (NSE:MADHAVIPL) Overvalued in 2026?

Based on GuruFocus' analysis, Madhav Infra Projects stock appears to be undervalued. The current stock price of ₹7.31 is trading 27.7% below its estimated GF Value™ of ₹10.11. GuruFocus considers Madhav Infra Projects to be Modestly Undervalued.

Key valuation signals for NSE:MADHAVIPL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹10.11 vs. price of ₹7.31 (27.7% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the NSE:MADHAVIPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Madhav Infra Projects Business Description

Comparable Companies
Other Exchanges 539894:India
Address Madhav House, Plot No. 04, Near Panchratna Building, Beside Amul Apartment, Subhanpura, Vadodara, GJ, IND, 390 023
Madhav Infra Projects Ltd is an India-based company engaged in the civil and engineering, procurement, and construction (EPC) contract business. The company is involved in the development, construction and operation and maintenance of various infrastructure projects. The Company operates in the fields of Highways, Urban Infrastructure, Real Estate and Energy. The company is also engaged in Power Generation Business.
61GF Score

Get the complete analysis for NSE:MADHAVIPL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹7.31
Price
₹10.11
GF Value