Price
Financials
Consolidated, Rs crore| Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.15 | 1.09 | 1.17 | 1.19 | 25.24 | 1.13 | 1.12 | 1.12 | 1.13 | 1.56 | 1.66 | 40.93 |
| Expenses | 30.25 | 2.25 | 1.71 | 2.77 | 25.04 | 3.85 | 2.60 | 2.52 | 553.55 | 6.34 | 7.03 | 42.83 |
| Operating Profit | -29.10 | -1.16 | -0.54 | -1.58 | 0.20 | -2.72 | -1.48 | -1.40 | -552.42 | -4.78 | -5.37 | -1.90 |
| OPM % | -2,530.43% | -106.42% | -46.15% | -132.77% | 0.79% | -240.71% | -132.14% | -125.00% | -48,886.73% | -306.41% | -323.49% | -4.64% |
| Other Income | 27.40 | 1.14 | 0.74 | 2.01 | 4.38 | 0.61 | 0.86 | 1.45 | 1.44 | 0.40 | 0.59 | 0.56 |
| Interest | 0.28 | 0.32 | 0.31 | 0.32 | 0.31 | 0.36 | 0.35 | 0.34 | 0.34 | 0.44 | 0.42 | 0.46 |
| Depreciation | 8.00 | 4.35 | 4.36 | 4.37 | 4.01 | 4.18 | 4.17 | 4.09 | 3.96 | 4.00 | 3.93 | 3.95 |
| Profit before tax | -9.98 | -4.69 | -4.47 | -4.26 | 0.26 | -6.65 | -5.14 | -4.38 | -555.28 | -8.82 | -9.13 | -5.75 |
| Tax % | -1.20% | 0.00% | -1.12% | -1.17% | -3.85% | -1.05% | 2.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -9.86 | -4.69 | -4.42 | -4.21 | 0.27 | -6.58 | -5.25 | -4.38 | -555.28 | -8.82 | -9.13 | -5.75 |
| EPS in Rs | -1.94 | -0.92 | -0.87 | -0.83 | 0.05 | -1.29 | -1.03 | -0.86 | -109.27 | -1.74 | -1.80 | -1.13 |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,007 | 941 | 574 | 392 | 381 | 455 | 89 | 46 | 5 | 29 | 4 | 45 |
| Expenses | 908 | 843 | 517 | 340 | 271 | 299 | 105 | 61 | 44 | 32 | 12 | 610 |
| Operating Profit | 99 | 99 | 57 | 52 | 110 | 156 | -16 | -14 | -39 | -3 | -8 | -564 |
| OPM % | 10% | 10% | 10% | 13% | 29% | 34% | -18% | -31% | -774% | -11% | -178% | -1,247% |
| Other Income | 115 | 57 | -150 | 4 | 0 | -39 | 5 | 3 | 30 | 8 | -546 | 3 |
| Interest | 100 | 267 | 378 | 442 | 411 | 295 | 29 | 2 | 1 | 1 | 1 | 2 |
| Depreciation | 42 | 68 | 72 | 89 | 92 | 78 | 23 | 17 | 18 | 17 | 16 | 16 |
| Profit before tax | 72 | -179 | -544 | -476 | -393 | -256 | -64 | -30 | -28 | -13 | -571 | -579 |
| Tax % | 99% | -12% | 6% | 1% | -0% | 2% | 2% | 6% | -1% | -1% | 0% | |
| Net Profit | 1 | -157 | -575 | -480 | -392 | -262 | -65 | -32 | -28 | -13 | -571 | -579 |
| EPS in Rs | 0.28 | -41.19 | -150.97 | -125.86 | -102.96 | -68.86 | -16.73 | -6.01 | -5.31 | -2.38 | -84.03 | -113.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -42% | -60% | -54% | 58% | ||
| Compounded Profit Growth | 5% | 14% | 12% | -3532% | ||
| Stock Price CAGR | -9% | -5% | % | % | ||
| Return on Equity | % | % | % | % |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 51 | 51 | 51 | 51 | 51 |
| Reserves | 360 | 199 | -359 | -792 | -1,012 | -1,011 | -593 | -568 | -524 | -529 | -917 | -948 |
| Borrowings | 3,081 | 3,731 | 3,925 | 4,043 | 4,027 | 3,981 | 1,662 | 2,094 | 2,080 | 2,080 | 1,922 | 1,379 |
| Other Liabilities | 1,249 | 1,310 | 1,450 | 1,838 | 1,983 | 2,036 | 2,479 | 2,081 | 1,815 | 1,788 | 1,627 | 2,283 |
| Total Liabilities | 4,728 | 5,278 | 5,055 | 5,128 | 5,036 | 5,044 | 3,586 | 3,657 | 3,421 | 3,391 | 2,682 | 2,764 |
| Fixed Assets | 1,652 | 1,782 | 1,800 | 1,707 | 1,625 | 1,730 | 544 | 519 | 504 | 489 | 405 | 399 |
| CWIP | 1,183 | 1,355 | 1,396 | 1,538 | 1,508 | 1,354 | 778 | 754 | 755 | 778 | 108 | 108 |
| Investments | 4 | 2 | 2 | 2 | 2 | 2 | 301 | 301 | 301 | 301 | 301 | 301 |
| Other Assets | 1,889 | 2,140 | 1,856 | 1,881 | 1,901 | 1,958 | 1,963 | 2,083 | 1,862 | 1,823 | 1,868 | 1,956 |
| Total Assets | 4,728 | 5,278 | 5,055 | 5,128 | 5,036 | 5,044 | 3,586 | 3,657 | 3,421 | 3,391 | 2,682 | 2,764 |
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -232 | 52 | -268 | 143 | 208 | 85 | 217 | -107 | -36 | -79 | 29 | -227 |
| Cash from Investing Activity | -570 | -694 | -322 | -172 | -146 | 69 | -55 | -0 | 0 | -3 | -25 | 188 |
| Cash from Financing Activity | 807 | 633 | 591 | -49 | -35 | -127 | -109 | -2 | 2 | 83 | -1 | 41 |
| Net Cash Flow | 5 | -9 | 0 | -78 | 26 | 27 | 53 | -109 | -34 | 0 | 2 | 1 |
| Free Cash Flow | -808 | -717 | -650 | -29 | 62 | 154 | 162 | -107 | -36 | -82 | 4 | -40 |
| CFO/OP | -118% | 110% | -240% | 253% | 410% | 104% | 154% | 653% | 256% | 202% | -947% | 2,843% |
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 185 | 194 | 187 | 193 | 307 | 278 | 261 | 1,444 | 3,145 | 30,756 | 5,126 | 32,397 |
| Inventory Days | 991 | 4,294 | 8,365 | 11,002 | 13,655 | 305,987 | ||||||
| Days Payable | 504 | 1,463 | 2,952 | 4,107 | 5,519 | 117,442 | ||||||
| Cash Conversion Cycle | 185 | 194 | 187 | 193 | 307 | 278 | 748 | 4,275 | 8,558 | 37,651 | 13,263 | 220,942 |
| Working Capital Days | 40 | -8 | 189 | -307 | -1,713 | -2,171 | -2,199 | -7,537 | -14,402 | -126,375 | -22,482 | -125,489 |
| ROCE % | 5% | 2% | 1% | -0% | -1% | 1% | 3% | -2% | -2% | -2% | -1% | -2% |
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% |
| Public | 87.43% | 87.43% | 87.43% | 87.43% | 87.44% | 87.44% | 87.43% | 87.43% | 87.42% | 87.41% | 87.43% | 87.42% |
| No. of Shareholders | 13,131 | 13,132 | 13,129 | 13,119 | 13,116 | 13,110 | 13,106 | 13,104 | 13,101 | 13,089 | 13,090 | 13,085 |
Fundamentals
Market Cap₹ 18.4 Cr.
Current Price₹ 3.61
Book Value₹ -161
ROCE-1.56 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)58%
Compounded Profit Growth (TTM)-3532%
Consolidated figures.
Valuation
P/B, 3-year average-0.05x
P/B, 5-year average-0.10x
Profitability
Operating margin (excl. other income)-177.78%
Operating margin (incl. other income)-12303.56%
EBITDA margin-1240.02%
Pre-tax margin-1278.67%
Net profit margin-1278.67%
Net margin, latest quarter-14.05%
ROE63.55%
ROCE-42.90%
ROA-14.06%
ROE, 3-year average23.84%
ROCE, 3-year average-15.11%
ROA, 3-year average-5.06%
ROE, 5-year average17.12%
ROCE, 5-year average-9.82%
ROA, 5-year average-3.50%
ROIC (approx.)-56.09%
Tax rate-0.01%
Other income / net worth62.99%
Growth
Sales growth (latest year)-84.32%
Sales CAGR, 3 years-54.06%
Sales CAGR, 5 years-60.27%
Sales growth QoQ2365.66%
Sales growth YoY (latest quarter)3554.46%
Per share
EPS (TTM)Rs -113.93
EPS (latest year)Rs -84.03
EPS (latest quarter)Rs -1.13
EPS, 3-year averageRs -30.57
EPS, 5-year averageRs -22.89
Book value per shareRs -170.47
Sales per shareRs 8.91
Cash flow per shareRs -44.76
Free cash flow per shareRs -7.87
Efficiency
Asset turnover0.00x
Fixed asset turnover0.01x
Inventory turnover0.00x
Inventory days78257 days
Debtor days32397 days
Debtors turnover0.01x
Creditor days117442 days
Cash conversion cycle220942 days
Working capital days-125489 days
Leverage
Total debtRs 1,922 Cr
Cash and bankRs 26 Cr
Net debtRs 1,896 Cr
Debt to equity-2.22x
Interest coverage-347.78x
Owners' fund to total sources-32.30%
Debt to assets71.65%
Cash flow
Cash from Operating Activity (latest year)Rs -227 Cr
Cash from Investing Activity (latest year)Rs 188 Cr
Cash from Financing Activity (latest year)Rs 41 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -40 Cr
FCFE (approx.: FCF + change in debt)Rs -198 Cr
Statement figures
Net sales (TTM)Rs 45 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 41 Cr
Operating profit excl. other income (latest year)Rs -8 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs -561 Cr
PBDT (TTM)Rs -563 Cr
Profit before tax (TTM)Rs -579 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -579 Cr
Net profit (latest year)Rs -427 Cr
Net profit (latest quarter)Rs -6 Cr
Depreciation (TTM)Rs 16 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 12 Cr
Total income (latest year)Rs -541 Cr
Share capitalRs 51 Cr
ReservesRs -917 Cr
Shareholders' fundsRs -866 Cr
Total assetsRs 2,682 Cr
Net blockRs 405 Cr
Capital work in progressRs 108 Cr
InvestmentsRs 301 Cr
ReceivablesRs 399 Cr
InventoryRs 838 Cr
Other liabilitiesRs 1,627 Cr
Shares outstanding (crore)5.08
Ownership
Promoter holding12.57% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 2 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | Receivables outrunning sales Receivables grew -1% vs sales -84% in 2022 |
| look | Inventory outrunning sales Inventory grew 1% vs sales -84% in 2022 |
| look | Repeated losses Net loss in each of the last two years |
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
Dec 2022Sales ₹41 Cr +3554.5% vs Dec 2021.
Net loss ₹6 Cr.
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 Marg Ltd?
Marg Ltd (530543) has a market capitalisation of Rs 18.4 Cr. at the close.
What were Marg Ltd's latest quarterly results?
In the Dec 2022 quarter, Marg Ltd sales was Rs 41 Cr (+3554.5% vs Dec 2021) with a net loss of Rs 6 Cr.