Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Madhuveer Com 18 Network Ltd

MADHUVEER
Pharma - Others

Madhuveer Com 18 Network Ltd's price has outrun its earnings. −8.2% in a year against EPS −127.5% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only −34% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a confirmed uptrend (10 weeks in) while the P/E sits at the 72nd percentile of its own 9-year range. Underneath, the last four quarters read improving — profit +3.0% year on year, and −34% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹228
−8.2% 1Y
P/E
660.0×
72nd pctile
of its own 9-year range
Revenue (Dec 25)
₹8.2 Cr
+257.5% YoY
Profit (Dec 25)
₹1.0 Cr
+3.0% YoY
Operating margin
69.7%
+18.4 pp YoY
ROCE
−1%
FY25
Cash conversion
−34%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

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).

Mar 26: ₹228 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+2.3% versus the 200-day line, week 10 of stage 2
Price50-day avg200-day avg
S4S2S4₹320₹237₹154₹70.5₹−12.7₹228₹223Mar 23Dec 23Sep 24Jun 25Mar 26
S4S2S4₹320₹237₹154₹70.5₹−12.7₹228₹223Mar 23Sep 24Mar 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (277 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Mar 26

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.

02 · Valuation

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.

P/E 660.0× vs a 150.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 8.7-year window; loss-period spikes above 450× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (72nd percentile)
P/EMedianEPS (TTM) (quarterly)
480.7×₹2.1369.5×₹1.6258.3×₹1.0147.0×₹0.535.8×₹0.0×450.00×₹0Jun 17Aug 24Jan 25May 25Mar 26
480.7×₹2.1369.5×₹1.6258.3×₹1.0147.0×₹0.535.8×₹0.0×450.00×₹0Jun 17Jan 25Mar 26
P/E
660.0×
72nd percentile of 9y

🚨 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.

03 · Stage: No read

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.

Growth, year by year: revenue −8.9% in FY25, profit −170.9% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
5,095%132%3,700%16%2,305%−100%910%−216%−485%−332%%%−8.9%−170.9%FY17FY21FY25
5,095%132%3,700%16%2,305%−100%910%−216%−485%−332%%%−8.9%−170.9%FY17FY21FY25
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over
RevenueProfitEPS
330%334%222%210%115%86%8.3%−39%−99%−163%%%257.5%3%−82.9%Mar 23Jun 24Dec 25
330%334%222%210%115%86%8.3%−39%−99%−163%%%257.5%3%−82.9%Mar 23Jun 24Dec 25
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
15%10%6.2%2.0%−2.2%%−1.1%FY22FY23FY25
15%10%6.2%2.0%−2.2%%−1.1%FY22FY23FY25
Revenue growth
Steady high
latest +257.5% · span −69.2% to +100.0%
ROCE
Falling
latest −1.1% · span −1.1%–13.5%

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.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−8.9%+179.8%
Share price−8.2%+171.8%+149.5%+50.0%
Revenue YoY (Dec 25)
+257.5%
latest quarter vs a year ago
Profit YoY (Dec 25)
+3.0%
latest quarter vs a year ago
Revenue 10y
55.2%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

47.0/100 — rank 7 of 10 in Pharma - Others · 65% evidence confidence

Madhuveer Com 18 Network Ltd scores 47.0 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 + 8.6 + 8.5 + 14.3 = 47. 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.

05 · Revenue

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.

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.

FY25 revenue ₹4.4 Cr (−8.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
55.2% a year over 8 years
RevenueYoY growth
55,095%43,700%32,305%1910%0−485%₹ Cr%₹4−8.9%FY17FY21FY25
55,095%43,700%32,305%1910%0−485%₹ Cr%₹4−8.9%FY17FY21FY25
Dec 25: ₹8.2 Cr (+257.5% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
94,822%73,509%42,195%2882%0−432%₹ Cr%₹8257.5%Mar 23Jun 24Dec 25
94,822%73,509%42,195%2882%0−432%₹ Cr%₹8257.5%Mar 23Jun 24Dec 25

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.

06 · Operating margin

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.

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.

FY25: −17.4% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 8-year window.
within a −400.0–40.0% band over 8 years
operating marginYoY change (pp)
75%472%−52%242%−180%12%−308%−218%−435%−448%%%−17.4%−56.6%FY17FY21FY25
75%472%−52%242%−180%12%−308%−218%−435%−448%%%−17.4%−56.6%FY17FY21FY25
Dec 25: 69.7% operating margin (+18.4 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
211%1,964%−302%976%−815%0.0%−1,328%−1,001%−1,842%−1,989%%%69.7%18.4%Mar 23Jun 24Dec 25
211%1,964%−302%976%−815%0.0%−1,328%−1,001%−1,842%−1,989%%%69.7%18.4%Mar 23Jun 24Dec 25
07 · Net profit

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.

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

FY25 profit ₹−1.7 Cr (−170.9% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
3196%1−152%0−500%−1−848%−2−1,196%₹ Cr%₹−2−170.9%FY17FY21FY25
3196%1−152%0−500%−1−848%−2−1,196%₹ Cr%₹−2−170.9%FY17FY21FY25
Dec 25: ₹1.0 Cr (+3.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
35,246%23,811%02,376%−1941%−2−493%₹ Cr%₹13%Mar 23Jun 24Dec 25
35,246%23,811%02,376%−1941%−2−493%₹ Cr%₹13%Mar 23Jun 24Dec 25
08 · Cash flow — the router

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.

FY25: CFO ₹−12.9 Cr vs profit ₹−1.7 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 9-year window, annual resolution. FY24 reflects an acquisition year — point shown clipped.
−34% of 3-year profit arrived as cash
Operating cashNet profitFree cash
80−7−15−22₹ Cr₹−13₹−2₹−20FY17FY21FY25
80−7−15−22₹ Cr₹−13₹−2₹−20FY17FY21FY25
FY25: CFO = −28% of profit (three-year rate −34%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
396%48%−300%−648%−996%%−28%FY17FY21FY25
396%48%−300%−648%−996%%−28%FY17FY21FY25

🚨 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.

09 · Where the cash goes

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.

FY25: a 667-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 8-year window.
+150 days vs FY19
Cash cycleInventory daysDebtor days
2,2341,6341,034434−165days667d0d667dFY17FY18FY21FY23FY25
2,2341,6341,034434−165days667d0d667dFY17FY21FY25

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.

FY25: capex ₹7.0 Cr, work-in-progress ₹3.1 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
1612840₹ Cr₹7₹3FY18FY19FY21FY23FY25
1612840₹ Cr₹7₹3FY18FY21FY25

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

10 · Return on capital

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.

FY25: ROCE −1% Return on capital employed by fiscal year, % (line). 8-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY20's −2%
ROCEWACC
15%10%5.9%1.6%−2.8%%−1.1%FY18FY19FY21FY23FY25
15%10%5.9%1.6%−2.8%%−1.1%FY18FY21FY25
11 · Debt

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.

FY25: borrowings ₹6.5 Cr at 0.15× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 9-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
70.23×50.17×40.10×20.04×0−0.02×₹ Cr×₹70.15×FY17FY19FY21FY23FY25
70.23×50.17×40.10×20.04×0−0.02×₹ Cr×₹70.15×FY17FY21FY25
12 · Ownership

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.

Fiscal-year ends: promoters +62.6 pts from Mar 23 to Mar 25 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersPublic
103%77%50%23%−3.5%%66.5%33.5%Mar 23Mar 24Mar 25
103%77%50%23%−3.5%%66.5%33.5%Mar 23Mar 24Mar 25
Promoters added 63.9 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 12 quarters.
PromotersPublic
103%77%50%23%−3.5%%67.8%32.2%Mar 23Jun 24Dec 25
103%77%50%23%−3.5%%67.8%32.2%Mar 23Jun 24Dec 25
13 · 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.

14 · Related companies · Pharma - Others
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1JOJO Ltd531910 66.2/100Favorable setup69% evidence TURNING 30.0/35 Revenue 100% · PAT 100% · OPM change 115.2 pp 95% evidence 13.6/25 ROCE 17% · OPM 48.1% 76% evidence 8.9/20 P/E 152× · PEG — 15% evidence 13.7/20 RS sector 4.3% · RS bench 9.9% · 1Y 21%1 of 10 weeks ahead 70% evidence
Exact sum: 30 + 13.6 + 8.9 + 13.7 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Shukra Pharmaceuticals LtdSHUKRAPHAR 65.3/100Favorable setup65% evidence 21.8/35 Revenue 100% · PAT 100% · OPM change 32 pp 83% evidence 17.2/25 ROCE 21.8% · OPM 69% 76% evidence 9.3/20 P/E 62.2× · PEG — 15% evidence 17.0/20 RS sector 49.8% · RS bench 40.2% · 1Y 112.2%9 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 21.8 + 17.2 + 9.3 + 17 = 65.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Sun Pharma Advanced Research Company LtdSPARC 64.1/100Mixed-positive evidence79% evidence LEADER 17.7/35 Revenue 100% · PAT 100% · OPM change 292 pp 71% evidence 19.2/25 ROCE 164% · OPM 96% 95% evidence 9.2/20 P/E 4.3× · PEG — 50% evidence 18.0/20 RS sector 15.9% · RS bench 30.5% · 1Y 36%12 of 12 weeks ahead 100% evidence
Exact sum: 17.7 + 19.2 + 9.2 + 18 = 64.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Remus Pharmaceuticals LtdREMUS 51.5/100Mixed-positive evidence70% evidence FADING 19.8/35 Revenue 100% · PAT 100% · OPM change 0 pp 48% evidence 13.9/25 ROCE 16.8% · OPM 7% 95% evidence 12.1/20 P/E 22.9× · PEG — 50% evidence 5.7/20 RS sector -14.9% · RS bench -2.5% · 1Y -26.4%9 of 12 weeks ahead 100% evidence
Exact sum: 19.8 + 13.9 + 12.1 + 5.7 = 51.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Jenburkt Pharmaceuticals Ltd524731 50.6/100Mixed-positive evidence82% evidence 16.9/35 Revenue 11.8% · PAT 6.1% · OPM change 6 pp 95% evidence 19.7/25 ROCE 27.2% · OPM 32% 76% evidence 10.1/20 P/E 13.2× · PEG — 50% evidence 3.9/20 RS sector -15.3% · RS bench 0.4% · 1Y -14.7%5 of 7 weeks ahead to 2026-06-28 100% evidence
Exact sum: 16.9 + 19.7 + 10.1 + 3.9 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Syncom Formulations (India) LtdSYNCOMF 49.3/100Mixed-negative evidence87% evidence ASLEEP 20.9/35 Revenue 4.9% · PAT 54% · OPM change 4 pp 95% evidence 17.3/25 ROCE 26.8% · OPM 16% 95% evidence 11.1/20 P/E 16.1× · PEG — 50% evidence 0.0/20 RS sector -23.1% · RS bench -11.6% · 1Y -27.6%7 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 17.3 + 11.1 + 0 = 49.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Madhuveer Com 18 Network Ltdthis pageMADHUVEER 47.0/100Mixed-negative evidence65% evidence 15.6/35 Revenue 68.7% · PAT 12.8% · OPM change 18.4 pp 83% evidence 8.6/25 ROCE -1.1% · OPM 69.7% 76% evidence 8.5/20 P/E 660× · PEG — 15% evidence 14.3/20 RS sector 14.3% · RS bench 6.3% · 1Y 11.7%12 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 15.6 + 8.6 + 8.5 + 14.3 = 47 · Decision use: Price leads the evidence: RS versus the benchmark is 6.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Unichem Laboratories LtdUNICHEMLAB 42.2/100Mixed-negative evidence75% evidence BREAKING OUT 10.3/35 Revenue 4.4% · PAT 83.3% · OPM change -6 pp 95% evidence 6.3/25 ROCE 4.1% · OPM 8% 76% evidence 9.6/20 P/E 44.1× · PEG — 15% evidence 16.0/20 RS sector 2.7% · RS bench 17.4% · 1Y -19%9 of 12 weeks ahead 100% evidence
Exact sum: 10.3 + 6.3 + 9.6 + 16 = 42.2 · Decision use: Price leads the evidence: RS versus the benchmark is 17.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Panacea Biotec LtdPANACEABIO 39.0/100Mixed-negative evidence65% evidence TURNING 20.4/35 Revenue 14.4% · PAT 17.9% · OPM change 21.8 pp 74% evidence 0.3/25 ROCE -2.4% · OPM 1.5% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 8.3/20 RS sector -10.2% · RS bench 2.1% · 1Y 0.8%10 of 10 weeks ahead 70% evidence
Exact sum: 20.4 + 0.3 + 10 + 8.3 = 39 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10TTK Healthcare LtdTTKHLTCARE 38.2/100Mixed-negative evidence81% evidence TURNING 10.4/35 Revenue 7% · PAT -19.5% · OPM change -1 pp 95% evidence 8.3/25 ROCE 8% · OPM 5% 95% evidence 13.8/20 P/E 21.1× · PEG — 50% evidence 5.7/20 RS sector -20.5% · RS bench 0.4% · 1Y -20.7%4 of 10 weeks ahead 70% evidence
Exact sum: 10.4 + 8.3 + 13.8 + 5.7 = 38.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Madhuveer Com 18 Network Ltd's share price today?

Madhuveer Com 18 Network Ltd trades at ₹228, −8.2% over the past year. The company is valued at ₹581 Cr. The stock sits at 56% of its 52-week range of ₹161–₹281, +2.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 10 weeks in. — as of 31 July 2026.

What were Madhuveer Com 18 Network Ltd's latest quarterly results?

Madhuveer Com 18 Network Ltd reported revenue of ₹8.2 Cr and net profit of ₹1.0 Cr for the Dec 25 quarter. Revenue rose 257.5% and profit rose 3.0% year on year. Earnings per share were ₹0.40. The operating margin was 69.7%, 18.4 pp higher than a year earlier. — as of 31 July 2026.

What is Madhuveer Com 18 Network Ltd's revenue?

Madhuveer Com 18 Network Ltd reported revenue of ₹8.2 Cr in the Dec 25 quarter, +257.5% year on year. For the full FY25 fiscal year, revenue was ₹4.4 Cr (−8.9%). Over the last 8 years revenue compounded at 55.2% a year. — as of 31 July 2026.

What is Madhuveer Com 18 Network Ltd's profit?

Madhuveer Com 18 Network Ltd earned ₹1.0 Cr of net profit in the Dec 25 quarter, +3.0% year on year. Full-year FY25 profit was ₹−1.7 Cr. The operating margin ran 69.7% in the latest quarter. — as of 31 July 2026.

What is Madhuveer Com 18 Network Ltd's market cap?

Madhuveer Com 18 Network Ltd's market capitalisation is ₹581 Cr at a share price of ₹228. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Madhuveer Com 18 Network Ltd's P/E ratio?

Madhuveer Com 18 Network Ltd trades at a P/E of 660.0×, at the 72nd percentile of its own 9-year range, against a long-run median of 150.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Madhuveer Com 18 Network Ltd pay a dividend?

No — Madhuveer Com 18 Network Ltd has recorded a dividend payout of 0% of profit in each of its last 8 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 31 July 2026.

Is Madhuveer Com 18 Network Ltd overvalued?

On its own history, Madhuveer Com 18 Network Ltd looks expensive against its own history: its P/E of 660.0× sits at the 72nd percentile of its 9-year range (long-run median 150.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Madhuveer Com 18 Network Ltd growing?

Yes — Madhuveer Com 18 Network Ltd is growing: latest-quarter revenue +257.5% year on year, profit +3.0%, and the margin +18.4 pp at 69.7%. The earnings engine currently reads: improving — as of 31 July 2026.

How is Madhuveer Com 18 Network Ltd performing?

Madhuveer Com 18 Network Ltd is in a confirmed uptrend, 10 weeks in. Its latest quarter's revenue rose 257.5% and profit rose 3.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 13 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

Is Madhuveer Com 18 Network Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 10 of stage 2), trading +2.3% versus its 200-day average and at 56% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Madhuveer Com 18 Network Ltd beating the market?

On recent form, yes — Madhuveer Com 18 Network Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 13 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.0 years the stock moved +5,658% against the NIFTY 500's +260% — ahead of the index over the full window. — as of 31 July 2026.

Will Madhuveer Com 18 Network Ltd's share price go up?

This page publishes no price forecast for Madhuveer Com 18 Network Ltd. What it measures instead: the share price is ₹228, the price is in a confirmed uptrend 10 weeks in. Its P/E of 660.0× sits at the 72nd percentile of its own 9-year range. — as of 31 July 2026.

Who owns Madhuveer Com 18 Network Ltd?

Promoters hold 67.8% of Madhuveer Com 18 Network Ltd, foreign institutions null%, domestic institutions null% and the public 32.2% (latest quarter). The biggest move on the register over the last two years: Promoters added 63.9 points over 8 quarters. — as of 31 July 2026.

Does Madhuveer Com 18 Network Ltd have too much debt?

No — Madhuveer Com 18 Network Ltd's debt-to-equity is 0.15, and operating profit covers the interest bill −8×. FY25 borrowings were ₹6.5 Cr against equity of ₹42.5 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.

What is Madhuveer Com 18 Network Ltd's capex?

Madhuveer Com 18 Network Ltd spent ₹22.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹7.0 Cr, with ₹3.1 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Madhuveer Com 18 Network Ltd's cash flow?

Madhuveer Com 18 Network Ltd generated ₹−12.9 Cr of operating cash flow in FY25 and ₹−20.0 Cr of free cash flow after ₹7.0 Cr of capital spending. Reported profit that year was ₹−1.7 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Madhuveer Com 18 Network Ltd's profit real cash?

Not fully — over the last 3 fiscal years, −34% of Madhuveer Com 18 Network Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹−12.9 Cr against reported profit of ₹−1.7 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 31 July 2026.

Where is Madhuveer Com 18 Network Ltd in its business cycle?

Madhuveer Com 18 Network Ltd's FY25 operating margin was −17.4%, against a 8-year band of −400.0%–40.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 69.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Madhuveer Com 18 Network Ltd story?

The sharpest disagreement: profits are rising, but only −34% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Madhuveer Com 18 Network Ltd a stock worth studying right now?

This is not investment advice. The machine read: Madhuveer Com 18 Network Ltd's price has outrun its earnings. −8.2% in a year against EPS −127.5% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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