---
title: "Marg Projects & Infrastructure (2012) Financials & Shareholding"
symbol: "2012"
company: "Marg Projects & Infrastructure Ltd"
canonical: "https://tapetide.com/stocks/2012"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-11-05T01:59:25.927Z"
---

# Marg Projects & Infrastructure (2012)

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

## Key Facts

- **Revenue, Dec 2023 quarter:** under ₹1 Cr, against under ₹1 Cr in Dec 2022
- **Net profit, Dec 2023 quarter:** under ₹1 Cr, against under ₹1 Cr in Dec 2022
- **Promoter holding:** 53.47% in Dec 2023, unchanged from Sep 2023

## Company

- **Macro sector:** Services
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Basic industry:** Diversified Commercial Services
- **In the F&O segment:** No

## 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 Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

Annual windows: The latest annual results are more than two years old, so no annual growth is shown.

Trailing twelve months: The latest quarterly results are more than a year old.

## Financial Statements

### Quarterly Results

Results for the period ended Mar 2024 were due by 30 May 2024 and are not in this table yet.

Figures in ₹ crore unless the row name gives another unit.

| Item | Dec 2020 | 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 | 0 |
| Expenses | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0 | 0.02 | 0.01 | 0.01 | 0 |
| Operating Profit | -0.01 | -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 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.02 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.03 | -0.05 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | 0 | -0.02 | -0.01 | -0.01 | 0 |
| Tax % | 0% | 20% | 0% | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | 0% | — |
| Net Profit | -0.03 | -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 | -0.06 | -0.11 | -0.02 | -0.02 | -0.02 | -0.04 | -0.02 | -0.02 | 0 | -0.04 | -0.02 | -0.02 | 0 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 17.69 | 73.88 | 24.57 | 2.08 | 0.66 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 18.64 | 70.19 | 23.22 | 1.34 | 0.34 | 0.84 | 0.37 | 0.29 | 0.09 | 0.08 | 0.05 | 0.04 | 0.04 |
| Operating Profit | -0.95 | 3.69 | 1.35 | 0.74 | 0.32 | -0.73 | -0.37 | -0.29 | -0.09 | -0.08 | -0.05 | -0.04 | -0.04 |
| OPM % | -5.37% | 4.99% | 5.49% | 35.58% | 48.48% | -663.64% | — | — | — | — | — | — | — |
| Other Income | 2.96 | 0.45 | 0.01 | 0.26 | 0.47 | 0.2 | 0.09 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.03 | 0.3 | 0.2 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.56 | 0.84 | 0.67 | 0.54 | 0.44 | 0.6 | 0.17 | 0.13 | 0.09 | 0.01 | 0.01 | 0 |
| Profit before tax | 1.98 | 3.28 | 0.32 | 0.32 | 0.25 | -0.97 | -0.88 | -0.45 | -0.22 | -0.17 | -0.06 | -0.05 | -0.04 |
| Tax % | 13.13% | 18.9% | 18.75% | 12.5% | 16% | 1.03% | -9.09% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | 1.72 | 2.66 | 0.26 | 0.27 | 0.2 | -0.99 | -0.8 | -0.44 | -0.22 | -0.17 | -0.06 | -0.04 | -0.04 |
| EPS in Rs | 3.16 | 4.89 | 0.48 | 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% | 0% | 0% | 0% | — |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | 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 | 5.45 | 5.45 | 5.45 |
| Reserves | 10.89 | 13.55 | 13.81 | 14.09 | 14.29 | 13.3 | 12.5 | 10.72 | 10.5 | 10.33 | 10.27 | 10.23 | 10.21 |
| Borrowings | 0.02 | 2.83 | 0.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 53.18 | 59.45 | 36.67 | 2 | 1.79 | 0.3 | 0.34 | 0.86 | 0.91 | 0.98 | 1.04 | 1.07 | 1.09 |
| Total Liabilities | 69.54 | 81.28 | 56.31 | 21.54 | 21.53 | 19.05 | 18.29 | 17.03 | 16.86 | 16.76 | 16.76 | 16.75 | 16.75 |
| Fixed Assets | 1.23 | 4.62 | 3.94 | 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 | 0 | 0 | 0 |
| Investments | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 |
| Other Assets | 66.66 | 75.01 | 50.72 | 16.62 | 17.15 | 15.11 | 14.96 | 14.87 | 14.82 | 14.82 | 14.83 | 14.82 | 14.83 |
| Total Assets | 69.54 | 81.28 | 56.31 | 21.54 | 21.53 | 19.05 | 18.29 | 17.03 | 16.86 | 16.76 | 16.76 | 16.75 | 16.75 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 1.25 | 0.87 | 3.05 | 0.04 | -0.02 | 0 | 0.06 | — | 0 | 0 | 0 | 0 |
| Cash from Investing Activity | -0.69 | -3.96 | -0.15 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0.02 | 2.58 | -2.65 | -0.39 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.58 | -0.51 | 0.25 | -0.35 | -0.02 | 0 | 0.06 | — | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0.02 | -3.09 | 2.9 | 0.04 | -0.02 | 0 | 0.06 | — | 0 | 0 | 0 | 0 |
| CFO/OP | -155 | 106 | 263 | -201 | 12 | 81 | -16 | — | 0 | 0 | 0 | 0 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 38.79 | 0 | 88.09 | 712 | 88.48 | 896 | — | — | — | — | — | — |
| Cash Conversion Cycle | 38.79 | 0 | 88.09 | 712 | 88.48 | 896 | — | — | — | — | — | — |
| Working Capital Days | 265 | 76.48 | 199 | 2,574 | 8,500 | n/m | — | — | — | — | — | — |
| ROCE % | 3.62% | 18.75% | 2.51% | 1.68% | 1.27% | -5.04% | -4.8% | — | -1.37% | -1.07% | -0.38% | -0.32% |

n/m: Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.

## Shareholding Pattern

The latest pattern on file is for Dec 2023; it may not describe the holding today.

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 8,082 | 8,081 | 8,081 | 8,081 | 8,080 | 8,080 | 8,080 | 8,080 | 8,079 | 8,079 | 8,079 | 8,076 |

### Annual Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 45.43% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% | 46.52% |
| Others | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 8,114 | 8,095 | 8,085 | 8,085 | 8,082 | 8,080 | 8,079 | 8,076 |

## Documents

### Annual reports

| Year | Report |
| --- | --- |
| FY2020 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/513648/68177513648_14_12_20.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480315.pdf) |
| FY2014 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480314.pdf) |
| FY2013 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480313.pdf) |
| FY2012 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480312.pdf) |
| FY2011 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/513648/5136480311.pdf) |

## Frequently Asked Questions about Marg Projects & Infrastructure

### What does Marg Projects & Infrastructure Ltd do?

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

### Which sector does Marg Projects & Infrastructure Ltd belong to?

Marg Projects & Infrastructure Ltd is classified under the Services sector, in the Commercial Services & Supplies industry.

## Company Information

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

- **Website:** https://margprojects.com/
- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:29 IST.