MarketFriction

Marg Techno-Projects Ltd

BSE 540254 · Non Banking Financial Company (NBFC)
₹7.89 -4.83%
BSE close2026-10-01
Market cap₹62.5 Cr.
P/E32.4

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
Revenue1.321.361.151.041.021.391.771.291.511.542.502.52
Interest0.070.480.730.420.430.630.690.670.810.640.550.72
Expenses1.010.690.580.610.520.541.020.480.490.630.950.41
Financing Profit0.240.19-0.160.010.070.220.060.140.210.271.001.39
Financing Margin %18.18%13.97%-13.91%0.96%6.86%15.83%3.39%10.85%13.91%17.53%40.00%55.16%
Other Income0.000.000.000.060.000.000.140.000.000.000.090.00
Depreciation0.030.030.030.030.030.030.030.030.030.030.040.04
Profit before tax0.210.16-0.190.040.040.190.170.110.180.241.051.35
Tax %23.81%37.50%10.53%50.00%25.00%15.79%-5.88%27.27%22.22%25.00%42.86%23.70%
Net Profit0.160.10-0.200.030.030.160.190.080.130.180.601.02
EPS in Rs0.050.03-0.060.010.010.030.030.010.020.020.080.13
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue0.170.410.590.721.223.495.305.085.015.366.938.07
Interest0.000.000.000.000.121.672.311.801.862.212.702.72
Expenses0.120.330.550.700.781.412.422.532.752.632.522.48
Financing Profit0.050.080.040.020.320.410.570.750.400.521.712.87
Financing Margin %29.41%19.51%6.78%2.78%26.23%11.75%10.75%14.76%7.98%9.70%24.68%35.56%
Other Income0.00-0.010.000.000.000.000.010.010.000.050.000.09
Depreciation0.040.010.010.010.010.050.110.110.110.110.130.14
Profit before tax0.010.060.030.010.310.360.470.650.290.461.582.82
Tax %0.00%16.67%33.33%100.00%32.26%25.00%27.66%24.62%55.17%8.70%36.71%
Net Profit0.000.060.030.010.210.270.350.490.140.410.991.93
EPS in Rs0.000.020.010.000.060.080.110.150.040.070.130.25
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth45%15%11%48%
Compounded Profit Growth%30%26%320%
Stock Price CAGR%7%2%-63%
Return on Equity4%4%3%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6.006.006.006.006.006.006.006.006.006.0010.0014.20
Reserves-0.18-0.54-0.76-0.73-0.72-0.51-0.240.110.606.062.6420.42
Borrowing4.394.820.540.843.494.9629.7921.7717.6717.3622.0927.05
Other Liabilities0.130.450.100.100.230.700.681.081.941.800.540.69
Total Liabilities10.3410.735.886.219.0011.1536.2328.9626.2131.2235.2762.36
Fixed Assets0.030.040.020.010.050.100.820.810.790.690.840.71
CWIP0.000.000.000.000.080.080.000.000.000.000.000.00
Investments1.691.690.000.000.000.000.000.000.000.000.040.01
Other Assets8.629.005.866.208.8710.9735.4128.1525.4230.5334.3961.64
Total Assets10.3410.735.886.219.0011.1536.2328.9626.2131.2235.2762.36
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.000.09-0.12-0.29-2.54-0.47-22.469.786.11-1.35-4.14-22.82
Cash from Investing Activity-0.01-0.020.000.00-0.12-0.06-0.70-0.09-0.090.00-0.260.00
Cash from Financing Activity0.000.000.110.302.651.3723.21-10.29-5.83-2.012.8723.21
Net Cash Flow0.000.06-0.010.00-0.020.840.05-0.600.18-3.37-1.530.39
Free Cash Flow-0.010.07-0.12-0.29-2.66-0.53-23.169.696.02-1.35-4.40-22.82
CFO/OP0%180%-150%-725%-12,700%-107%-1,078%343%246%-52%-145%-517%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %0.17%0.00%1.31%0.57%0.19%3.90%4.80%5.90%7.71%1.50%3.32%4.19%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters72.77%72.77%62.21%72.77%72.77%43.66%43.66%43.66%43.66%48.35%48.35%29.28%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.49%9.22%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%6.40%
Public27.23%27.22%37.78%27.24%27.24%56.34%56.34%56.33%56.32%51.65%49.15%55.10%
No. of Shareholders1,0541,1641,1851,2591,3841,4151,4401,4381,4581,6051,9662,194

Fundamentals

Market Cap₹ 62.5 Cr.
Current Price₹ 8.00
Stock P/E32.4
Book Value₹ 4.43
ROCE8.88 %
ROE4.19 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)48%
Compounded Profit Growth (TTM)320%
Standalone figures.
Valuation
Market capRs 62 Cr
Enterprise valueRs 87 Cr
P/E (TTM)31.93x
Price to book1.78x
Price to sales7.64x
EV / EBITDA15.38x
EV / EBIT15.77x
EV / sales10.82x
Earnings yield3.13%
P/E, 3-year average34.50x
P/B, 3-year average0.71x
P/E, 5-year average22.95x
P/B, 5-year average0.57x
Profitability
Operating margin (excl. other income)63.64%
Operating margin (incl. other income)63.64%
EBITDA margin70.38%
Pre-tax margin34.94%
Net profit margin23.92%
Net margin, latest quarter40.48%
ROE4.19%
ROCE8.88%
ROA2.03%
ROE, 3-year average3.00%
ROCE, 3-year average8.40%
ROA, 3-year average1.25%
ROE, 5-year average4.52%
ROCE, 5-year average8.67%
ROA, 5-year average1.32%
ROIC (approx.)5.81%
Tax rate36.71%
Growth
Sales growth (latest year)29.29%
Profit growth (latest year)141.46%
Sales CAGR, 3 years10.91%
Sales CAGR, 5 years14.70%
Profit CAGR, 3 years26.42%
Profit CAGR, 5 years29.67%
Sales growth QoQ0.80%
Profit growth QoQ70.00%
Sales growth YoY (latest quarter)95.35%
Profit growth YoY (latest quarter)1175.00%
Per share
EPS (TTM)Rs 0.25
EPS (latest year)Rs 0.70
EPS (latest quarter)Rs 0.13
EPS, 3-year averageRs 0.45
EPS, 5-year averageRs 0.55
Book value per shareRs 4.43
Sales per shareRs 1.03
Cash flow per shareRs -2.92
Free cash flow per shareRs -2.92
Efficiency
Asset turnover0.11x
Fixed asset turnover9.76x
Leverage
Total debtRs 27 Cr
Cash and bankRs 1 Cr
Net debtRs 26 Cr
Debt to equity0.78x
Net debt / EBITDA4.53x
Interest coverage2.04x
Owners' fund to total sources55.52%
Debt to assets43.38%
Cash flow
Cash from Operating Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs 23 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -23 Cr
FCFE (approx.: FCF + change in debt)Rs -18 Cr
Cash from ops / profit, 5 years-5.22x
Statement figures
Net sales (TTM)Rs 8 Cr
Net sales (latest year)Rs 7 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 2 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 7 Cr
Share capitalRs 14 Cr
ReservesRs 20 Cr
Shareholders' fundsRs 35 Cr
Total assetsRs 62 Cr
Net blockRs 1 Cr
InvestmentsRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)7.81
Ownership
Promoter holding29.28% (-14.38 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 31.9 is the lowest in its own 5.5-year history (median 122.8, low 31.9, high 388.3).
P/B 1.78 is the lowest in 6.6 years (median 7.17).
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.
Period540254Nifty 50Difference
1 week-4.5%-2.8% -1.7 pts
1 month-33.2%-6.8% -26.4 pts
3 months-45.0%-7.6% -37.4 pts
3 years+9.1%+14.2% -5.0 pts
5 years+39.9%+27.9% +12.0 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -1838% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 38% of total assets in 2026
explainShare dilution Share count up 42% in a year, 137% in three
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
Revenue ₹3 Cr +95.3% vs Jun 2025. Net profit ₹1 Cr +1175.0%.

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 Techno-Projects Ltd?

Marg Techno-Projects Ltd (540254) has a market capitalisation of Rs 62.5 Cr. at the 2026-10-01 close.

What is the P/E ratio of Marg Techno-Projects Ltd?

Marg Techno-Projects Ltd trades at a P/E of 32.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Marg Techno-Projects Ltd's latest quarterly results?

In the Jun 2026 quarter, Marg Techno-Projects Ltd revenue was Rs 3 Cr (+95.3% vs Jun 2025) and net profit was Rs 1 Cr.

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