So... is Mouryou Senki Madara finished or not?
NO, it is not finished.
Why?
The anime finished before the manga:
Anime finished: December 20, 1991
Manga finished: January 01, 1997
MangaUpdates contains information about the anime adaptation and indicates that it is incomplete.
Watching Order (by release date)
Here you have all the anime relations we detected ordered by release date, so you can see the reason for this status in context and also use it as watching order.
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Synopsis
Mouryou Senki Madara tells the story of a young man named Madara who discovers he is no ordinary blacksmith apprentice.
He is thrust into a grand adventure and a quest for revenge after learning about his true lineage and a dark destiny involving powerful forces.
Madara, aided by allies, magical weapons, and a powerful mythical creature, must fight against tyranny and those who wronged him.
His journey involves confronting his own family and challenging a despotic ruler, setting him on a path filled with danger and mystical battles.