MarketFriction

Martin Burn Ltd

BSE 523566 · Residential, Commercial Projects
₹43.01 +1.82%
BSE close2026-10-01
Market cap₹21.7 Cr.
P/E6.26

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.200.081.640.080.080.080.080.000.000.000.000.62
Expenses0.740.604.230.590.510.486.890.580.910.871.511.38
Operating Profit-0.54-0.52-2.59-0.51-0.43-0.40-6.81-0.58-0.91-0.87-1.51-0.76
OPM %-270.00%-650.00%-157.93%-637.50%-537.50%-500.00%-8,512.50%-122.58%
Other Income1.231.332.751.461.651.4911.791.801.781.331.673.65
Interest0.250.220.220.220.220.220.200.000.000.000.000.00
Depreciation0.050.070.060.060.060.060.060.050.050.050.050.04
Profit before tax0.390.52-0.120.670.940.814.721.170.820.410.112.85
Tax %0.00%0.00%58.33%28.36%27.66%0.00%14.62%28.21%28.05%26.83%-63.64%15.44%
Net Profit0.390.52-0.180.480.670.804.030.850.590.290.172.41
EPS in Rs0.761.01-0.350.931.301.557.821.651.140.560.334.68
Mar 2016 18mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3.780.971.680.420.640.270.640.291.990.320.020.62
Expenses7.792.233.554.833.233.444.073.065.958.453.884.67
Operating Profit-4.01-1.26-1.87-4.41-2.59-3.17-3.43-2.77-3.96-8.13-3.86-4.05
OPM %-106.08%-129.90%-111.31%-1,050.00%-404.69%-1,174.07%-535.94%-955.17%-198.99%-2,540.62%-19,300.00%-653.23%
Other Income5.734.765.068.786.014.356.795.176.5416.386.588.43
Interest0.020.780.812.290.980.880.820.890.930.880.020.00
Depreciation0.350.240.300.210.250.240.240.200.220.250.210.19
Profit before tax1.352.482.081.872.190.062.301.311.437.122.494.19
Tax %25.93%16.53%18.27%22.46%21.46%-50.00%29.13%22.90%17.48%15.87%24.10%
Net Profit1.002.071.701.451.720.101.631.001.185.991.903.46
EPS in Rs1.944.023.302.813.340.193.161.942.2911.623.696.71
Dividend Payout %0.00%0.00%15.88%18.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-41%-41%-59%158%
Compounded Profit Growth-2%24%-19%-46%
Stock Price CAGR8%0%2%-30%
Return on Equity1%0%-2%1%
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5.405.405.405.405.405.405.405.405.405.405.405.40
Reserves34.1935.1137.1238.7340.3641.7741.3942.9843.8745.0450.9253.42
Borrowings6.497.737.4410.159.8410.1210.419.7410.1110.080.340.14
Other Liabilities43.0442.1444.2445.9341.3043.7543.2241.6240.8440.3145.5336.38
Total Liabilities89.1290.3894.20100.2196.90101.04100.4299.74100.22100.83102.1995.34
Fixed Assets21.9821.9421.6421.3321.3421.1220.9520.6720.3920.4819.6319.23
CWIP0.410.530.578.218.248.4510.4510.4710.9210.9410.9610.99
Investments0.000.080.000.000.000.000.000.001.592.415.433.69
Other Assets66.7367.8371.9970.6767.3271.4769.0268.6067.3267.0066.1761.43
Total Assets89.1290.3894.20100.2196.90101.04100.4299.74100.22100.83102.1995.34
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.250.590.803.75-11.87-4.660.236.50-1.273.7715.35-11.64
Cash from Investing Activity-0.48-0.390.00-0.072.453.86-0.42-3.940.71-2.83-5.3712.93
Cash from Financing Activity0.040.08-0.92-3.7211.241.09-0.71-1.69-0.53-0.93-10.46-0.04
Net Cash Flow-0.190.28-0.12-0.041.830.29-0.900.87-1.090.01-0.481.25
Free Cash Flow-0.230.200.803.68-12.15-4.740.026.50-1.274.3324.90-10.73
CFO/OP34%-16%-65%-229%239%151%-7%-189%51%-87%-184%317%
Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1,479.2184.01323.61167.29347.62273.75527.22165.39390.1762.36228.124,015.00
Inventory Days12.050.00
Days Payable6.89
Cash Conversion Cycle1,479.2189.17323.61167.29347.62273.75527.22165.39390.1762.36228.124,015.00
Working Capital Days-13,332.11-1,561.399,606.658,360.2433,710.3625,681.1756,926.4818,888.7541,660.344,922.915,212.66183,230.00
ROCE %4.76%1.97%6.64%5.51%7.48%5.55%0.49%5.24%3.69%2.32%-2.17%2.47%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.84%65.84%65.84%65.84%65.84%65.84%65.84%66.23%66.23%66.23%66.23%66.23%
DIIs0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.12%0.12%0.12%
Government0.04%0.04%0.05%0.05%0.05%0.04%0.04%0.04%0.04%0.02%0.02%0.02%
Public33.87%33.88%33.87%33.87%33.87%33.88%33.88%33.48%33.49%33.63%33.63%33.63%
No. of Shareholders8,7108,6868,7328,7638,7668,6538,6418,7268,7653,1863,1903,180

Fundamentals

Market Cap₹ 21.7 Cr.
Current Price₹ 42.0
Stock P/E6.26
Book Value₹ 114
ROCE2.47 %
ROE0.92 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)158%
Compounded Profit Growth (TTM)-46%
Standalone figures.
Valuation
Market capRs 22 Cr
Enterprise valueRs 20 Cr
P/E (TTM)6.41x
Price to book0.38x
Price to sales1108.34x
EV / EBITDA4.60x
EV / EBIT4.81x
EV / sales1012.84x
Earnings yield15.61%
P/E, 3-year average11.99x
P/B, 3-year average0.47x
P/E, 5-year average14.30x
P/B, 5-year average0.47x
Profitability
Operating margin (excl. other income)-19300.00%
Operating margin (incl. other income)13600.00%
EBITDA margin22000.00%
Pre-tax margin20950.00%
Net profit margin17300.00%
Net margin, latest quarter388.71%
ROE3.30%
ROCE4.34%
ROA1.92%
ROE, 3-year average5.63%
ROCE, 3-year average7.31%
ROA, 3-year average3.00%
ROE, 5-year average4.47%
ROCE, 5-year average6.22%
ROA, 5-year average2.33%
ROIC (approx.)5.62%
Tax rate24.10%
Other income / net worth11.19%
Growth
Sales growth (latest year)-93.75%
Profit growth (latest year)-68.28%
Sales CAGR, 3 years-58.99%
Sales CAGR, 5 years-40.58%
Profit CAGR, 3 years23.86%
Profit CAGR, 5 years80.20%
Profit growth QoQ1317.65%
Profit growth YoY (latest quarter)183.53%
Per share
EPS (TTM)Rs 6.71
EPS (latest year)Rs 3.69
EPS (latest quarter)Rs 4.68
EPS, 3-year averageRs 5.87
EPS, 5-year averageRs 4.54
Book value per shareRs 114.13
Sales per shareRs 0.04
Cash flow per shareRs -22.59
Free cash flow per shareRs -20.82
Efficiency
Asset turnover0.00x
Fixed asset turnover0.00x
Inventory turnover0.51x
Inventory days712 days
Debtor days4015 days
Debtors turnover0.09x
Creditor days7 days
Cash conversion cycle4015 days
Working capital days183230 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 2 Cr
Net debtRs -2 Cr
Debt to equity0.00x
Net debt / EBITDA-0.43x
Interest coverage210.50x
Owners' fund to total sources61.70%
Debt to assets0.15%
Cash flow
Cash from Operating Activity (latest year)Rs -12 Cr
Cash from Investing Activity (latest year)Rs 13 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -11 Cr
FCFE (approx.: FCF + change in debt)Rs -11 Cr
Cash from ops / profit, 5 years1.09x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -4 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs 7 Cr
Share capitalRs 5 Cr
ReservesRs 53 Cr
Shareholders' fundsRs 59 Cr
Total assetsRs 95 Cr
Net blockRs 19 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 4 Cr
ReceivablesRs 0 Cr
InventoryRs 1 Cr
Other liabilitiesRs 36 Cr
Shares outstanding (crore)0.52
Ownership
Promoter holding66.23% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.4 is at the 17th percentile of its own 9.4-year range (median 11.9, low 3.7, high 302.8).
P/B 0.38 is at the 27th percentile (median 0.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period523566Nifty 50Difference
1 week-5.5%-2.8% -2.7 pts
1 month-2.0%-6.8% +4.8 pts
3 months+1.4%-7.6% +9.1 pts
3 years+9.0%+14.2% -5.2 pts
5 years-12.8%+27.9% -40.6 pts

Red flags

F-score 3 of 8
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
explainReceivables outrunning sales Receivables grew 10% vs sales -94% in 2026
lookProfit leans on other income Other income was 264% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1 Cr. Net profit ₹2 Cr +183.5%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Martin Burn Ltd?

Martin Burn Ltd (523566) has a market capitalisation of Rs 21.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of Martin Burn Ltd?

Martin Burn Ltd trades at a P/E of 6.26 on trailing twelve-month profit, at the 2026-10-01 close.

What were Martin Burn Ltd's latest quarterly results?

In the Jun 2026 quarter, Martin Burn Ltd sales was Rs 1 Cr and net profit was Rs 2 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03