Madhuveer Com 18 Network Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Madhuveer Com 18 Network Ltd trades at ₹228, in a confirmed uptrend and 10 weeks into that stage. That is +2.3% against its own 200-day average. It sits at 56% of a 52-week range of ₹161 to ₹281. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 13 straight weeks.

Today the stock is in a confirmed uptrend — week 10 of stage 2, confirmed. At ₹228 it trades +2.3% versus its 200-day average and sits at 56% of its 52-week range (₹161–₹281).

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved +5,658% while the NIFTY 500 moved +260% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 13 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 72nd percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Madhuveer Com 18 Network Ltd trades at 660.0× P/E, at the pricey end of its own range (72nd percentile). Its long-run median P/E is 150.0×, measured across 8.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 660.0× is at the pricey end of its own range (72nd percentile), against a long-run median of 150.0× measured over 8.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −127.5% against a −8.2% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +171.8%/yr price move, ~+224.0%/yr came from earnings growth and ~−52.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Madhuveer Com 18 Network Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

48.3/100 — rank 7 of 10 in Pharma - Others · 66% evidence confidence

Madhuveer Com 18 Network Ltd scores 48.3 out of 100 against the 10 companies it is compared with in Pharma - Others, ranking 7. Price leads the evidence: RS versus the benchmark is 6.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 15.6 + 10.3 + 8.5 + 13.9 = 48.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Madhuveer Com 18 Network Ltd reported ₹8.2 Cr of revenue in the Dec 25 quarter, +257.5% year on year. That is the 3rd straight quarter of year-on-year growth. Over 8 years it has compounded at 55.2% a year. The last full year, FY25, came in at ₹4.4 Cr. The last four reported quarters add to ₹12.8 Cr.

Madhuveer Com 18 Network Ltd reported ₹8.2 Cr of revenue in the Dec 25 quarter, +257.5% year on year. That is the 3rd straight quarter of year-on-year growth. Over 8 years it has compounded at 55.2% a year. The last full year, FY25, came in at ₹4.4 Cr. The last four reported quarters add to ₹12.8 Cr.

FY25 revenue came in at ₹4.4 Cr (−8.9% on the year), capping 8 years at 55.2% compound. The latest quarter (Dec 25) printed ₹8.2 Cr, +257.5% year on year — the 3rd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +1,173.3% growth against the decade's 55.2% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +68.7% over the last 4 quarters against +701.2%/yr over the last 8 — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 69.7% this quarter (+18.4 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Madhuveer Com 18 Network Ltd's operating margin is 69.7% in the Dec 25 quarter, +18.4 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −400.0% to 40.0%. The current quarter is running above every full year in that window.

Madhuveer Com 18 Network Ltd's operating margin is 69.7% in the Dec 25 quarter, +18.4 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −400.0% to 40.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 69.7%, +18.4 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −400.0%–40.0%.

Why the margin moved: operating margin went +18.4 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins held — did that reach the bottom line? Next: profit +3.0% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Madhuveer Com 18 Network Ltd earned ₹1.0 Cr of net profit in the Dec 25 quarter, +3.0% year on year. The full FY25 year was a loss of ₹1.7 Cr. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr. 5 of the last 12 reported quarters were loss-making.

Madhuveer Com 18 Network Ltd earned ₹1.0 Cr of net profit in the Dec 25 quarter, +3.0% year on year. The full FY25 year was a loss of ₹1.7 Cr. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr. 5 of the last 12 reported quarters were loss-making.

Dec 25 profit was ₹1.0 Cr, +3.0% year on year. On the full year, FY25 printed ₹−1.7 Cr (−170.9%).

→ Profit rose — but did the cash follow? Next: −34% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −34% of Madhuveer Com 18 Network Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−12.9 Cr of operating cash against ₹−1.7 Cr of profit. After ₹7.0 Cr of capital spending, ₹−20.0 Cr was left as free cash.

FY25: operating cash of ₹−12.9 Cr against reported profit of ₹−1.7 Cr, leaving free cash of ₹−20.0 Cr after ₹7.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −34% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −34%: the cash cycle stretched 150 days between FY19 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 150 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 667-day cycle, in money terms.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Madhuveer Com 18 Network Ltd's cash conversion cycle runs 667 days in FY25, up from 517 days in FY19. Capital spending ran ₹22.0 Cr over the last 3 years. At FY25 sales of ₹4.4 Cr each day of that cycle holds about ₹0.0 Cr, so roughly ₹8.0 Cr sits inside the business at any moment.

FY25: debtors at 667 days (an asset-light business — no inventory to speak of) — for a full cycle of 667 days, looser than FY19's 517.

In money terms: at FY25 sales of ₹4.4 Cr, each day of the cycle holds about ₹0.0 Cr — so the 667-day loop keeps roughly ₹8.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹22.0 Cr over the last 3 fiscal years against ₹2.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹3.1 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is −1%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Madhuveer Com 18 Network Ltd earns a ROCE of −1% in FY25. That is up from a trough of −2% in FY20. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −37.9% net margin on 0.08× asset turns.

FY25 ROCE is −1%, recovered from a FY20 trough of −2% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): −37.9% net margin × 0.08× asset turns × 1.24× balance-sheet leverage ≈ −3.8% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.15.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Madhuveer Com 18 Network Ltd carries ₹6.5 Cr of borrowings against ₹42.5 Cr of equity in FY25, a debt-to-equity of 0.15. Operating profit covers the interest bill −8×. Over 5 years borrowings went from ₹0.1 Cr to ₹6.5 Cr. Capital spending ran ₹22.0 Cr across the last 3 of those years.

FY25: borrowings of ₹6.5 Cr against equity of ₹42.5 Cr — a debt-to-equity of 0.15. Operating profit covers the interest bill −8×. Over 5 years borrowings went from ₹0.1 Cr to ₹6.5 Cr while capital spending ran ₹22.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

→ Who owns this, and are they adding or leaving? Next: Promoters added 63.9 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 63.9 points of Madhuveer Com 18 Network Ltd over 8 quarters, the biggest move on the register. That takes promoters to 67.8% of the company. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +63.9 points over 8 quarters to 67.8%.

Why the register moved: promoters drove it (+63.9 points) — steady accumulation by institutions reading the same numbers this page reads.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Madhuveer Com 18 Network Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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