---
title: "Maple Infrastructure Trust (543925) Share Price, Financials & Research"
symbol: "543925"
company: "Maple Infrastructure Trust"
canonical: "https://tapetide.com/stocks/543925"
isin: "INE0M5S23019"
bse_code: "543925"
sector: "Services"
industry: "Transport Infrastructure"
generated_at: "2026-11-05T01:45:22.996Z"
---

# Maple Infrastructure Trust (543925)

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

## Key Facts

- **Revenue, Jun 2026 quarter:** ₹659.5 Cr, against ₹242.1 Cr in Jun 2025 (+172.41% year on year)
- **Net profit, Jun 2026 quarter:** -₹54 Cr, against -₹15 Cr in Jun 2025
- **Promoter holding:** 37.50% in Sep 2026, a change of -37.50 percentage points from Jun 2026

## Company

- **BSE code:** 543925
- **ISIN:** INE0M5S23019
- **Macro sector:** Services
- **Sector:** Services
- **Industry:** Transport Infrastructure
- **Basic industry:** Road AssetsToll, Annuity, Hybrid-Annuity
- **In the F&O segment:** No

## Key Fundamentals

Price-based figures · EPS basis: Consolidated · TTM.

- **ROCE:** 5.36%
- **Debt to Equity:** 1.64
- **EPS (TTM):** -₹3.47
- **Book Value:** ₹88.37
- **ROE:** -3.14%
- **Dividend Yield:** 10.21%

## 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.

## Technical Indicators

As of 9 Oct 2026, the latest day with price data, so these readings are not current.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Neutral | 4 | 11 | 4 |
| Oscillators | Bearish | 4 | 5 | 0 |
| Moving Averages | Bullish | 0 | 6 | 4 |

### Oscillators: Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 85.62 | Bearish |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 87.45 | Bearish |
| ADX (14) | — | Neutral |
| Williams %R (14) | -12.55 | Bearish |
| ATR (14) | 1.37 | Neutral |
| ROC (12) | -0.41 | Bearish |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

### Moving Averages: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 143.12 | Bullish |
| EMA (10) | 143.88 | Bullish |
| SMA (20) | 144.36 | Bullish |
| EMA (20) | 143.71 | Bullish |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 145.00 | 145.00 | 145.00 |
| R2 | 145.00 | 145.00 | 145.00 |
| R1 | 145.00 | 145.00 | 145.00 |
| PP | 145.00 | 145.00 | 145.00 |
| S1 | 145.00 | 145.00 | 145.00 |
| S2 | 145.00 | 145.00 | 145.00 |
| S3 | 145.00 | 145.00 | 145.00 |

## Growth Rate

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

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 5Y | 49.68% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 70.64% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 101% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Revenue | TTM | 131% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Net profit | 5Y | Loss widened | compounded annual rate, Mar 2021 to Mar 2026: -₹25.00 Cr to -₹118 Cr. A loss at both ends, larger at the end. |
| Net profit | 3Y | Loss narrowed | compounded annual rate, Mar 2023 to Mar 2026: -₹153 Cr to -₹118 Cr. A loss at the start, and a smaller one or none at the end. |
| Net profit | 1Y | Loss narrowed | fiscal year to Mar 2026 vs the year to Mar 2025: -₹121 Cr to -₹118 Cr. A loss at the start, and a smaller one or none at the end. |
| Net profit | TTM | Loss widened | four quarters to Jun 2026 vs the four to Jun 2025: -₹91.00 Cr to -₹157 Cr. A loss at both ends, larger at the end. |
| Operating cash flow | 5Y | 36.9% | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating cash flow | 3Y | 66.61% | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating cash flow | 1Y | 61.17% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | TTM | — | four quarters to Jun 2026 vs the four to Jun 2025. Reported once a year, so there is no trailing-twelve-month figure. |
| Operating margin | 5Y | -8.27 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +9.66 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | -6.62 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | TTM | -9.56 pp | four quarters to Jun 2026 vs the four to Jun 2025 |

## Financial Statements

### Quarterly Results

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

| 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

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

| 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 | 1,585 | 2,032 |
| Expenses | 69 | 36 | 68 | 2 | 160 | 295 | 267 | 642 | 830 |
| Operating Profit | 141 | 160 | 143 | -2 | 159 | 432 | 521 | 943 | 1,202 |
| 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

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 148 | 148 | 148 | 0 | 3,518 | 3,518 | 3,518 | 5,274 |
| Reserves | -54 | -62 | -87 | -4 | -157 | -368 | -488 | -801 |
| Borrowings | 1,203 | 1,225 | 1,210 | 0 | 4,820 | 4,789 | 4,692 | 7,358 |
| Other Liabilities | 65 | 99 | 148 | 3 | 215 | 191 | 205 | 3,402 |
| Total Liabilities | 1,362 | 1,409 | 1,419 | 0 | 8,396 | 8,131 | 7,926 | 15,234 |
| Fixed Assets | 949 | 918 | 885 | 0 | 7,619 | 7,369 | 7,097 | 13,932 |
| 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 | 1,301 |
| Total Assets | 1,362 | 1,409 | 1,419 | 0 | 8,396 | 8,131 | 7,926 | 15,234 |

### Cash Flow

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

| 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 | -6,658 | -275 | -42 | -1,020 |
| Cash from Financing Activity | -95 | -103 | -125 | 0 | 6,858 | -436 | -509 | 927 |
| Net Cash Flow | -14 | 4 | 6 | 0 | 384 | -334 | -23 | 758 |
| Free Cash Flow | 108 | 155 | 144 | 0 | -6,063 | 364 | 519 | 846 |
| CFO/EBITDA | 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 Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 37.50% |
| 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% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 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% | 0.00% |
| Public | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.16% | 0.16% | 0.16% | 0.67% | 0.67% | 1.02% | 1.05% |
| Others | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 24.94% | 24.84% | 24.84% | 24.84% | 24.33% | 24.33% | 23.98% | 61.45% |

## Documents

### Results

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

### Credit ratings

| Date | Document |
| --- | --- |
| 21 Aug 2026 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=145070) |
| 30 Jan 2026 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=140677) |
| 12 Nov 2024 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=131035) |
| 21 Aug 2024 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=129445) |
| 18 Jul 2023 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=120958) |
| 17 Jan 2023 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=117326) |

### Exchange filings

Latest 12 of 55.

| Date | Document | Category |
| --- | --- | --- |
| 3 Nov 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83931c01-ac4b-45a3-96e3-65c3888a9947.pdf) | General information |
| 3 Nov 2026 | [Reg 18(6): Disclosure of record date for purpose of distribution](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffab7329-8d3a-47f3-81c0-10786a3b0df1.pdf) | Intimation |
| 3 Nov 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59092a75-6687-4354-82a7-b6fe63201ad5.pdf) | General information |
| 2 Nov 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51088857-8063-4c16-b8b0-e9ab5ebfa4df.pdf) | General information |
| 27 Oct 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7315e24-bac2-4a6b-8621-016939783789.pdf) | General information |
| 20 Oct 2026 | [Reg 26K: Quarterly Compliance Report on Corporate governance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d706b4c6-a6f4-4cb5-86b2-efb88b2fe49a.pdf) | Corporate governance |
| 13 Oct 2026 | [Investor Complaints](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e7392e2-5d14-4911-879e-32d54569f347.pdf) | Report q2 |
| 7 Oct 2026 | [Unit Holding Pattern](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7551de1f-e832-4435-805c-da570535a30d.pdf) | Report q2 |
| 28 Sep 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fda2fce-6a35-4f18-91ee-5b2ed1f12cec.pdf) | General information |
| 20 Sep 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba941f26-d6b8-48c7-913d-56d86555a058.pdf) | General information |
| 15 Sep 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1894dfd7-cba6-4731-8f13-6a1217f3baca.pdf) | General information |
| 12 Sep 2026 | [Reg 23(5)(i): Disclosure of material issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5dc0d65-442b-4b9f-9fe7-8518a9de1431.pdf) | General information |

## Frequently Asked Questions about Maple Infrastructure Trust

### What does Maple Infrastructure Trust do?

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

### Where is Maple Infrastructure Trust (543925) listed?

Maple Infrastructure Trust trades under code 543925 on the BSE.

### Which sector does Maple Infrastructure Trust belong to?

Maple Infrastructure Trust is classified under the Services sector, in the Transport Infrastructure industry.

### Does Maple Infrastructure Trust pay dividends?

Maple Infrastructure Trust has a dividend yield of 10.21%.

### What is the Return on Equity (ROE) of Maple Infrastructure Trust?

Maple Infrastructure Trust reported a return on equity of -3.14%. Its debt-to-equity ratio is 1.64.

## Company Information

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

- **Face Value:** ₹100

---

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, 07:15 IST.