---
title: "Marg Projects & Infrastructure Ltd (2012) — Share Price, Financials & Analysis"
symbol: "2012"
company: "Marg Projects & Infrastructure Ltd"
canonical: "https://tapetide.com/stocks/2012"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-29T06:12:11.037Z"
---

# Marg Projects & Infrastructure Ltd (2012)

Canonical page: https://tapetide.com/stocks/2012

In the Dec 2023 quarter, revenue was under ₹1 Cr in both quarters and net profit was under ₹1 Cr in both quarters (compared with Dec 2022). Promoters held 53.47% of Marg Projects & Infrastructure in Dec 2023, unchanged from Sep 2023.

## Company

- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** https://margprojects.com/

## About

Marg Projects & Infrastructure offers construction services. The Company builds infrastructure and other projects.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.38 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.57% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 33% | 22% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0 | 0.02 | 0.01 | 0.01 | 0 |
| Operating Profit | -0.03 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | 0 | -0.02 | -0.01 | -0.01 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.05 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | 0 | -0.02 | -0.01 | -0.01 | 0 |
| Tax % | 20 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | — |
| Net Profit | -0.06 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | 0 | -0.02 | -0.01 | -0.01 | 0 |
| EPS in Rs | -0.11 | -0.02 | -0.02 | -0.02 | -0.04 | -0.02 | -0.02 | 0 | -0.04 | -0.02 | -0.02 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.08 | 0.66 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 1.34 | 0.34 | 0.84 | 0.37 | 0.29 | 0.09 | 0.08 | 0.05 | 0.04 | 0.04 |
| Operating Profit | 0.74 | 0.32 | -0.73 | -0.37 | -0.29 | -0.09 | -0.08 | -0.05 | -0.04 | -0.04 |
| OPM % | 35.58 | 48.48 | -663.64 | — | — | — | — | — | — | — |
| Other Income | 0.26 | 0.47 | 0.2 | 0.09 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.67 | 0.54 | 0.44 | 0.6 | 0.17 | 0.13 | 0.09 | 0.01 | 0.01 | 0 |
| Profit before tax | 0.32 | 0.25 | -0.97 | -0.88 | -0.45 | -0.22 | -0.17 | -0.06 | -0.05 | -0.04 |
| Tax % | 12.5 | 16 | 1.03 | -9.09 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | 0.27 | 0.2 | -0.99 | -0.8 | -0.44 | -0.22 | -0.17 | -0.06 | -0.04 | -0.04 |
| EPS in Rs | 0.5 | 0.37 | -1.82 | -1.47 | -0.81 | -0.4 | -0.31 | -0.11 | -0.07 | -0.08 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.45 | 5.45 | 5.45 | 5.45 | 5.45 | 5.45 | 5.45 | 5.45 | 5.45 | 5.45 |
| Reserves | 14.09 | 14.29 | 13.3 | 12.5 | 10.72 | 10.5 | 10.33 | 10.27 | 10.23 | 10.21 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 2 | 1.79 | 0.3 | 0.34 | 0.86 | 0.91 | 0.98 | 1.04 | 1.07 | 1.09 |
| Total Liabilities | 21.54 | 21.53 | 19.05 | 18.29 | 17.03 | 16.86 | 16.76 | 16.76 | 16.75 | 16.75 |
| Fixed Assets | 3.27 | 2.73 | 2.29 | 1.68 | 0.51 | 0.39 | 0.29 | 0.28 | 0.28 | 0.27 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 |
| Other Assets | 16.62 | 17.15 | 15.11 | 14.96 | 14.87 | 14.82 | 14.82 | 14.83 | 14.82 | 14.83 |
| Total Assets | 21.54 | 21.53 | 19.05 | 18.29 | 17.03 | 16.86 | 16.76 | 16.76 | 16.75 | 16.75 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3.05 | 0.04 | -0.02 | 0 | 0.06 | — | 0 | 0 | 0 | 0 |
| Cash from Investing Activity | -0.15 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -2.65 | -0.39 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.25 | -0.35 | -0.02 | 0 | 0.06 | — | 0 | 0 | 0 | 0 |
| Free Cash Flow | 2.9 | 0.04 | -0.02 | 0 | 0.06 | — | 0 | 0 | 0 | 0 |
| CFO/OP | 263 | -201 | 12 | 81 | -16 | — | 0 | 0 | 0 | 0 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 88.09 | 712.45 | 88.48 | 895.91 | — | — | — | — | — | — |
| Cash Conversion Cycle | 88.09 | 712.45 | 88.48 | 895.91 | — | — | — | — | — | — |
| Working Capital Days | 198.92 | 2574.3 | 8500.08 | 49208.64 | — | — | — | — | — | — |
| ROCE % | 2.51 | 1.68 | 1.27 | -5.04 | -4.8 | — | -1.37 | -1.07 | -0.38 | -0.32 |

## Shareholding Pattern

### Annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 54.56% | 53.47% | 53.47% | 53.48% | 53.47% | 53.47% | 53.47% | 53.47% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0.01% | 0.01% | 0% | 0.01% | 0.01% | 0.01% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 45.43% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 8114 | 8095 | 8085 | 8085 | 8082 | 8080 | 8079 | 8076 |

### Quarterly

| Category | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% | 53.47% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% | 46.51% | 46.51% | 46.52% | 46.52% | 46.52% | 46.52% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 8082 | 8081 | 8081 | 8081 | 8080 | 8080 | 8080 | 8080 | 8079 | 8079 | 8079 | 8076 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/513648/68177513648_14_12_20.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480311.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-29T06:12:11.037Z.