---
title: "Marg Ltd (MARG) — Share Price, Financials & Analysis"
symbol: "MARG"
company: "Marg Ltd"
canonical: "https://tapetide.com/stocks/MARG"
isin: "INE941E01019"
bse_code: "530543"
sector: "Consumer Discretionary"
industry: "Realty"
generated_at: "2026-09-13T18:46:43.931Z"
---

# Marg Ltd (MARG)

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

## Company

- **BSE Code:** 530543
- **ISIN:** INE941E01019
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** marggroup.com

## About

MARG Limited was incorporated in 1994. It is the ultimate holding company of MARG Group. The Company is mainly engaged in the business of construction and real estate.
The Company operates predominantly in Ports, Residential Projects and has a presence in other businesses like Resources, Urban infrastructures etc. The registered office of the Company is located in Chennai. [1]

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -60.3% over past five years.
- Promoters have pledged 90.2% of their holding.
- Company has high debtors of 32,397 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | — | 12% | 14% |
| revenue growth | 58% | -54% | -60% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.15 | 1.09 | 1.17 | 1.19 | 25.24 | 1.13 | 1.12 | 1.12 | 1.13 | 1.56 | 1.66 | 40.93 |
| Expenses | 30.25 | 2.25 | 1.71 | 2.77 | 25.04 | 3.85 | 2.6 | 2.52 | 553.55 | 6.34 | 7.03 | 42.83 |
| Operating Profit | -29.1 | -1.16 | -0.54 | -1.58 | 0.2 | -2.72 | -1.48 | -1.4 | -552.42 | -4.78 | -5.37 | -1.9 |
| OPM % | -2530.43 | -106.42 | -46.15 | -132.77 | 0.79 | -240.71 | -132.14 | -125 | -48886.73 | -306.41 | -323.49 | -4.64 |
| Other Income | 27.4 | 1.14 | 0.74 | 2.01 | 4.38 | 0.61 | 0.86 | 1.45 | 1.44 | 0.4 | 0.59 | 0.56 |
| Interest | 0.28 | 0.32 | 0.31 | 0.32 | 0.31 | 0.36 | 0.35 | 0.34 | 0.34 | 0.44 | 0.42 | 0.46 |
| Depreciation | 8 | 4.35 | 4.36 | 4.37 | 4.01 | 4.18 | 4.17 | 4.09 | 3.96 | 4 | 3.93 | 3.95 |
| Profit before tax | -9.98 | -4.69 | -4.47 | -4.26 | 0.26 | -6.65 | -5.14 | -4.38 | -555.28 | -8.82 | -9.13 | -5.75 |
| Tax % | -1.2 | 0 | -1.12 | -1.17 | -3.85 | -1.05 | 2.14 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -9.86 | -4.69 | -4.42 | -4.21 | 0.27 | -6.58 | -5.25 | -4.38 | -555.28 | -8.82 | -9.13 | -5.75 |
| EPS in Rs | -1.94 | -0.92 | -0.87 | -0.83 | 0.05 | -1.29 | -1.03 | -0.86 | -109.27 | -1.74 | -1.8 | -1.13 |

### Profit & Loss

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 574 | 392 | 381 | 455 | 89 | 46 | 5 | 29 | 4 | 45 |
| Expenses | 517 | 340 | 271 | 299 | 105 | 61 | 44 | 32 | 12 | 610 |
| Operating Profit | 57 | 52 | 110 | 156 | -16 | -14 | -39 | -3 | -8 | -564 |
| OPM % | 10 | 13 | 29 | 34 | -18 | -31 | -774 | -11 | -178 | -1247 |
| Other Income | -150 | 4 | 0 | -39 | 5 | 3 | 30 | 8 | -546 | 3 |
| Interest | 378 | 442 | 411 | 295 | 29 | 2 | 1 | 1 | 1 | 2 |
| Depreciation | 72 | 89 | 92 | 78 | 23 | 17 | 18 | 17 | 16 | 16 |
| Profit before tax | -544 | -476 | -393 | -256 | -64 | -30 | -28 | -13 | -571 | -579 |
| Tax % | 6 | 1 | 0 | 2 | 2 | 6 | -1 | -1 | 0 | — |
| Net Profit | -575 | -480 | -392 | -262 | -65 | -32 | -28 | -13 | -571 | -579 |
| EPS in Rs | -150.97 | -125.86 | -102.96 | -68.86 | -16.73 | -6.01 | -5.31 | -2.38 | -84.03 | -113.94 |
| 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 51 | 51 | 51 | 51 | 51 |
| Reserves | -359 | -792 | -1012 | -1011 | -593 | -568 | -524 | -529 | -917 | -948 |
| Borrowings | 3925 | 4043 | 4027 | 3981 | 1662 | 2094 | 2080 | 2080 | 1922 | 1379 |
| Other Liabilities | 1450 | 1838 | 1983 | 2036 | 2479 | 2081 | 1815 | 1788 | 1627 | 2283 |
| Total Liabilities | 5055 | 5128 | 5036 | 5044 | 3586 | 3657 | 3421 | 3391 | 2682 | 2764 |
| Fixed Assets | 1800 | 1707 | 1625 | 1730 | 544 | 519 | 504 | 489 | 405 | 399 |
| CWIP | 1396 | 1538 | 1508 | 1354 | 778 | 754 | 755 | 778 | 108 | 108 |
| Investments | 2 | 2 | 2 | 2 | 301 | 301 | 301 | 301 | 301 | 301 |
| Other Assets | 1856 | 1881 | 1901 | 1958 | 1963 | 2083 | 1862 | 1823 | 1868 | 1956 |
| Total Assets | 5055 | 5128 | 5036 | 5044 | 3586 | 3657 | 3421 | 3391 | 2682 | 2764 |

### Cash Flow

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -268 | 143 | 208 | 85 | 217 | -107 | -36 | -79 | 29 | -227 |
| Cash from Investing Activity | -322 | -172 | -146 | 69 | -55 | 0 | 0 | -3 | -25 | 188 |
| Cash from Financing Activity | 591 | -49 | -35 | -127 | -109 | -2 | 2 | 83 | -1 | 41 |
| Net Cash Flow | 0 | -78 | 26 | 27 | 53 | -109 | -34 | 0 | 2 | 1 |
| Free Cash Flow | -650 | -29 | 62 | 154 | 162 | -107 | -36 | -82 | 4 | -40 |
| CFO/OP | -240 | 253 | 410 | 104 | 154 | 653 | 256 | 202 | -947 | 2843 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 187 | 193 | 307 | 278 | 261 | 1444 | 3145 | 30756 | 5126 | 32397 |
| Inventory Days | — | — | — | — | 991 | 4294 | 8365 | 11002 | 13655 | 305987 |
| Days Payable | — | — | — | — | 504 | 1463 | 2952 | 4107 | 5519 | 117442 |
| Cash Conversion Cycle | 187 | 193 | 307 | 278 | 748 | 4275 | 8558 | 37651 | 13263 | 220942 |
| Working Capital Days | 189 | -307 | -1713 | -2171 | -2199 | -7537 | -14402 | -126375 | -22482 | -125489 |
| ROCE % | 1 | 0 | -1 | 1 | 3 | -2 | -2 | -2 | -1 | -2 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 16.76% | 16.76% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% |
| DIIs | 5.08% | 2.91% | 2.18% | 2.18% | 2.18% | 0% | 0% | 0% | 0% |
| Public | 78.16% | 80.33% | 85.24% | 85.24% | 85.25% | 87.43% | 87.44% | 87.41% | 87.42% |
| No. of Shareholders | 16839 | 15422 | 14548 | 13937 | 13298 | 13132 | 13110 | 13089 | 13085 |

### Quarterly

| Category | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% | 12.57% |
| Public | 87.43% | 87.43% | 87.43% | 87.43% | 87.44% | 87.44% | 87.43% | 87.43% | 87.42% | 87.41% | 87.43% | 87.42% |
| No. of Shareholders | 13131 | 13132 | 13129 | 13119 | 13116 | 13110 | 13106 | 13104 | 13101 | 13089 | 13090 | 13085 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 3 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 11.43 | Sell |
| EMA (10) | 11.28 | Buy |
| SMA (20) | 10.82 | Buy |
| EMA (20) | 10.75 | Buy |
| SMA (50) | 9.55 | Buy |
| EMA (50) | 9.6 | Buy |
| SMA (100) | 8.21 | Buy |
| EMA (100) | 8.76 | Buy |
| SMA (200) | 7.92 | Buy |
| EMA (200) | 8.2 | Buy |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 70.43 | Sell |
| MACD (12,26,9) | 0.73 | Sell |
| Stochastic (14,3,3) | 82.15 | Sell |
| ADX (14) | 35.67 | Buy |
| Williams %R (14) | -20.39 | Neutral |
| ATR (14) | 0.37 | High Volatility |
| ROC (12) | 3.55 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 68.37 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-04-24 | [Updating In CIRP Process](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=779c3665-42b1-4917-9c76-96a1aa51c177.pdf) |
| 2025-04-12 | [Announcement under Regulation 30 (LODR)-Appointment of Interim Resolution Professional (IRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a97f15e-8b76-4a8b-942a-f54d35da7392.pdf) |
| 2024-12-13 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7e51dd5-b585-41ed-9830-6a1eab106ff1.pdf) |
| 2024-10-17 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=972df099-cb46-4a1b-af66-64dee0a0e2ab.pdf) |
| 2024-10-08 | [Extension Of Time For Holding AGM Till 31.10.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d86c012f-9539-4bd5-9c5b-8b7563d9988a.pdf) |
| 2024-08-12 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a7d42c7-69cb-4e2a-8b93-7fdb94e7948e.pdf) |
| 2024-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0e51b01-6230-4c54-90b1-41ab25853579.pdf) |
| 2024-05-28 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc94140e-7315-460e-8bff-29da4da87283.pdf) |
| 2024-05-10 | [Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeover) Regulation, 2011 For The Financial Year Ended On 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd301b40-cf8f-42f0-94ed-7712419513e2.pdf) |
| 2024-04-26 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3469461c-31bc-487c-850c-2b69a992520f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Oct 2024 - Extension granted for holding AGM until October 31, 2024. | [Extension Of Time For Holding AGM Till 31.10.2024. 8 Oct 2024 - Extension granted for holding AGM until October 31, 2024.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d86c012f-9539-4bd5-9c5b-8b7563d9988a.pdf) |
| 24 Apr 2025 - NCLAT stays IBC admission order; appeal on arbitration and Section 9 proceedings scheduled for July 2025. | [Updating In CIRP Process 24 Apr 2025 - NCLAT stays IBC admission order; appeal on arbitration and Section 9 proceedings scheduled for July 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/779c3665-42b1-4917-9c76-96a1aa51c177.pdf) |
| 17 Oct 2024 - Certificate under SEBI Regulation 74(5) for Q3 2024. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Oct 2024 - Certificate under SEBI Regulation 74(5) for Q3 2024.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/972df099-cb46-4a1b-af66-64dee0a0e2ab.pdf) |
| 13 Dec 2024 - Resignation of Company Secretary effective 13th December 2024. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 13 Dec 2024 - Resignation of Company Secretary effective 13th December 2024.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7e51dd5-b585-41ed-9830-6a1eab106ff1.pdf) |
| 12 Apr 2025 - Marg Limited initiates CIRP due to operational debt. | [Announcement under Regulation 30 (LODR)-Appointment of Interim Resolution Professional (IRP) 12 Apr 2025 - Marg Limited initiates CIRP due to operational debt.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a97f15e-8b76-4a8b-942a-f54d35da7392.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/72191530543.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/67982530543.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/530543/5305430312.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 2026-09-13T18:46:43.931Z.