---
title: "Maple Infrastructure Trust (543925) — Share Price, Financials & Analysis"
symbol: "543925"
company: "Maple Infrastructure Trust"
canonical: "https://tapetide.com/stocks/543925"
isin: "INE0M5S23019"
bse_code: "543925"
sector: "Services"
industry: "Transport Infrastructure"
generated_at: "2026-10-13T11:01:43.604Z"
---

# Maple Infrastructure Trust (543925)

Canonical page: https://tapetide.com/stocks/543925

## Company

- **BSE Code:** 543925
- **ISIN:** INE0M5S23019
- **Sector:** Services
- **Industry:** Transport Infrastructure
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Face Value:** ₹100
- **F&O Eligible:** No

## About

Incorporated in 2019, Maple Infrastructure Trust invests in infrastructure assets in the Indian road sector and will hold road projects through special purpose vehicles[1]

## Latest Price

## Key Fundamentals

Price-based figures as of 2026-10-09T15:30:00+05:30.

Observed at 2026-10-13T04:30:15.133602Z.

- **Classification:** Microcap
- **EPS (TTM):** -₹3.47
- **Book Value:** ₹88.37
- **Price to Book:** 1.64
- **Dividend Yield:** 10.21%
- **ROE:** -2.64%
- **ROCE:** 3.65%
- **Debt to Equity:** 1.64
- **52-Week High:** ₹145
- **52-Week Low:** ₹140.82

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -4.44% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -73% | 7% | — |
| revenue growth | 131% | 71% | 50% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 199 | 197 | 212 | 228 | 242 | 218 | 468 | 686 | 660 |
| Expenses | 72 | 64 | 51 | 81 | 80 | 63 | 194 | 297 | 276 |
| Operating Profit | 128 | 133 | 162 | 147 | 162 | 156 | 274 | 389 | 383 |
| OPM % | 64 | 68 | 76 | 64 | 67 | 71 | 59 | 57 | 58 |
| Other Income | 1 | 5 | 1 | 2 | 0 | 1 | 1 | 1 | 1 |
| Interest | 103 | 105 | 105 | 101 | 103 | 101 | 194 | 224 | 230 |
| Depreciation | 68 | 69 | 69 | 68 | 72 | 72 | 125 | 190 | 203 |
| Profit before tax | -42 | -35 | -12 | -21 | -13 | -17 | -45 | -24 | -49 |
| Tax % | 6 | 7 | 21 | 12 | 20 | 14 | 3 | 56 | 11 |
| Net Profit | -45 | -38 | -14 | -24 | -15 | -19 | -46 | -38 | -54 |
| EPS in Rs | -1.27 | -1.08 | -0.41 | -0.67 | -0.43 | -0.55 | -0.97 | -0.8 | -1.15 |

### Profit & Loss

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 210 | 197 | 211 | 0 | 319 | 726 | 788 | 1585 | 2032 |
| Expenses | 69 | 36 | 68 | 2 | 160 | 295 | 267 | 642 | 830 |
| Operating Profit | 141 | 160 | 143 | -2 | 159 | 432 | 521 | 943 | 1202 |
| OPM % | 67 | 81 | 68 | — | 50 | 59 | 66 | 60 | 59 |
| Other Income | 3 | 5 | 6 | 0 | 20 | 46 | 57 | 40 | 2 |
| Interest | 127 | 142 | 140 | 0 | 210 | 418 | 414 | 623 | 749 |
| Depreciation | 30 | 31 | 33 | 0 | 119 | 261 | 274 | 460 | 591 |
| Profit before tax | -13 | -8 | -25 | -2 | -149 | -201 | -111 | -99 | -135 |
| Tax % | 0 | 0 | 0 | 0 | 3 | 5 | 9 | 20 | — |
| Net Profit | -13 | -8 | -25 | -2 | -153 | -211 | -121 | -118 | -157 |
| EPS in Rs | — | — | — | — | — | -5.98 | -3.42 | -2.5 | -3.47 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 148 | 148 | 148 | 0 | 3518 | 3518 | 3518 | 5274 |
| Reserves | -54 | -62 | -87 | -4 | -157 | -368 | -488 | -801 |
| Borrowings | 1203 | 1225 | 1210 | 0 | 4820 | 4789 | 4692 | 7358 |
| Other Liabilities | 65 | 99 | 148 | 3 | 215 | 191 | 205 | 3402 |
| Total Liabilities | 1362 | 1409 | 1419 | 0 | 8396 | 8131 | 7926 | 15234 |
| Fixed Assets | 949 | 918 | 885 | 0 | 7619 | 7369 | 7097 | 13932 |
| CWIP | 312 | 334 | 366 | 0 | 1 | 0 | 0 | 1 |
| Investments | 18 | 45 | 31 | 0 | 34 | 0 | 0 | 0 |
| Other Assets | 84 | 113 | 136 | 0 | 741 | 762 | 829 | 1301 |
| Total Assets | 1362 | 1409 | 1419 | 0 | 8396 | 8131 | 7926 | 15234 |

### Cash Flow

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 151 | 177 | 177 | 0 | 184 | 378 | 528 | 851 |
| Cash from Investing Activity | -70 | -71 | -45 | 0 | -6658 | -275 | -42 | -1020 |
| Cash from Financing Activity | -95 | -103 | -125 | 0 | 6858 | -436 | -509 | 927 |
| Net Cash Flow | -14 | 4 | 6 | 0 | 384 | -334 | -23 | 758 |
| Free Cash Flow | 108 | 155 | 144 | 0 | -6063 | 364 | 519 | 846 |
| CFO/OP | 109 | 111 | 125 | 16 | 118 | 90 | 103 | 95 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1 | 0 | 1 | — | 2 | 1 | 2 | 7 |
| Cash Conversion Cycle | 1 | 0 | 1 | — | 2 | 1 | 2 | 7 |
| Working Capital Days | -162 | -213 | -357 | — | -250 | -105 | -96 | -168 |
| ROCE % | — | 10 | 9 | 0 | 1 | 3 | 4 | 5 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 0% | 0% | 0% | 0.06% | 0.16% | 0.16% | 0.16% | 0.67% | 0.67% | 1.02% |
| Others | 25% | 25% | 25% | 25% | 25% | 24.94% | 24.84% | 24.84% | 24.84% | 24.33% | 24.33% | 23.98% |
| No. of Shareholders | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 2 / 17 / 0

### Moving Averages — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 143.12 | Buy |
| EMA (10) | 143.12 | Buy |
| SMA (20) | — | Neutral |
| EMA (20) | — | Neutral |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | — | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | — | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | — | Neutral |
| ATR (14) | — | Neutral |
| ROC (12) | — | Neutral |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-21 | [Reg 26K: Quarterly Compliance Report on Corporate governance](https://www.bseindia.com/xml-data/corpfiling/AttachHis/41210967-2828-4999-b08c-042a5bc90ef0.pdf) |
| 2026-04-21 | [Unit Holding Pattern](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bcb0a51f-d0e6-4ad2-a7c6-d37fbdc5c7c8.pdf) |
| 2026-04-21 | [Investor Complaints](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6330ce71-f0a3-4e98-b9f4-8f07b2f6c368.pdf) |
| 2026-04-21 | [Reg 26K: Quarterly Compliance Report on Corporate governance](https://www.bseindia.com/xml-data/corpfiling/AttachLive/41210967-2828-4999-b08c-042a5bc90ef0.pdf) |
| 2026-04-21 | [Unit Holding Pattern](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bcb0a51f-d0e6-4ad2-a7c6-d37fbdc5c7c8.pdf) |
| 2026-04-21 | [Investor Complaints](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6330ce71-f0a3-4e98-b9f4-8f07b2f6c368.pdf) |
| 2026-04-13 | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1fa46991-2c8a-4cb6-8014-a7619fd1fe5a.pdf) |
| 2026-03-31 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/xml-data/corpfiling/AttachHis/816c3bca-11c3-432a-b91c-1bcc15be417b.pdf) |
| 2026-03-30 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f3e3c90-7951-4bb3-82ef-6a23d15d91a8.pdf) |
| 2026-03-30 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10c542fb-2989-46d3-a6b8-a35ce3700a19.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-08-21 | Credit rating update — ICRA |
| 2026-01-30 | Credit rating update — ICRA |
| 2024-11-12 | Credit rating update — ICRA |
| 2024-08-21 | Credit rating update — ICRA |
| 2023-07-18 | Credit rating update — ICRA |
| 2023-01-17 | Credit rating update — ICRA |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-07 | [Unit Holding Pattern](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7551de1f-e832-4435-805c-da570535a30d.pdf) |
| 2026-09-28 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fda2fce-6a35-4f18-91ee-5b2ed1f12cec.pdf) |
| 2026-09-20 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba941f26-d6b8-48c7-913d-56d86555a058.pdf) |
| 2026-09-15 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1894dfd7-cba6-4731-8f13-6a1217f3baca.pdf) |
| 2026-09-12 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5dc0d65-442b-4b9f-9fe7-8518a9de1431.pdf) |
| 2026-09-12 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb44a8bd-fa56-4ed4-b85b-7ba3a51dc283.pdf) |
| 2026-09-11 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eab7d178-ddd1-47f0-a10d-c82c53d4ea39.pdf) |
| 2026-08-28 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0cfa485-813c-47aa-9a53-69e5a75e5144.pdf) |
| 2026-08-19 | [Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4af45300-8ec8-406f-acc0-f113c25f226f.pdf) |
| 2026-08-17 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d86a2228-41a8-4f2b-afc1-f1156258c448.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2024-05-28 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=10c7d3c6-9e3b-47fe-9ce9-1d1c800991a3.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 2026-10-13T11:01:43.604Z.