The national football stars were awarded with the rank of Knight of the Malagasy National Order, after their bout in the African Cup of Nations.
Sources also claim the team were given cash prices.
The team was welcomed with singing and dancing in the streets, as videos showed them being celebrated.
The national team who made their AFCON debut topped their group by beating the Nigerian Super Eagles 2-0 and knocked out the Democratic Republic of Congo in the second round.
Sadly, they were knocked out by Tunisia in the quarter finals.