Martin Burn
MARTINBURNLTD NSE
Martin Burn
RealtyNSE: MARTINBURNLTD BSE: 523566 Residential Commercial Projects
Key Fundamentals
MicrocapResidential Commercial ProjectsRealtyMarket Cap
₹23.22 Cr
Volatility
Moderate
P/E Ratio
6.7
EBITDA
₹2.70 Cr
Return on Equity
3.23%
Debt to Equity
0
Book Value
₹97.93
EPS
₹2.34
52W High
₹68
52W Low
₹36.12
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.40 times its book value
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -40.6% over past five years.
- Company has a low return on equity of -2.22% over last 3 years.
- Earnings include an other income of Rs.8.43 Cr.
- Company has high debtors of 4,015 days.
- Working capital days have increased from 64,455 days to 1,83,230 days
Growth Rate
Revenue Growth
-60.48% lower than
3Y
Net Income Growth
-68.33% lower than
3Y
Cash Flow Change
-176% higher than
3Y
ROE
-69.64% lower than
3Y
ROCE
-68.02% lower than
3Y
EBITDA Margin (Avg.)
-16.59% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.08 | 0.2 | 0.08 | 1.64 | 0.08 | 0.08 | 0.08 | 0.08 | 0 | 0 | 0 | 0 | 0.62 |
| Expenses | 0.4 | 0.74 | 0.6 | 4.23 | 0.59 | 0.51 | 0.48 | 6.89 | 0.58 | 0.91 | 0.87 | 1.51 | 1.38 |
| Operating Profit | -0.32 | -0.54 | -0.52 | -2.59 | -0.51 | -0.43 | -0.4 | -6.81 | -0.58 | -0.91 | -0.87 | -1.51 | -0.76 |
| OPM % | -400% | -270% | -650% | -157.93% | -637.5% | -537.5% | -500% | -8512.5% | — | — | — | — | -122.58% |
| Other Income | 1.22 | 1.23 | 1.33 | 2.75 | 1.46 | 1.65 | 1.49 | 11.79 | 1.8 | 1.78 | 1.33 | 1.67 | 3.65 |
| Interest | 0.22 | 0.25 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.04 | 0.05 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| PBT | 0.64 | 0.39 | 0.52 | -0.12 | 0.67 | 0.94 | 0.81 | 4.72 | 1.17 | 0.82 | 0.41 | 0.11 | 2.85 |
| Tax % | 28.12% | 0% | 0% | 58.33% | 28.36% | 27.66% | 0% | 14.62% | 28.21% | 28.05% | 26.83% | -63.64% | 15.44% |
| Net Profit | 0.46 | 0.39 | 0.52 | -0.18 | 0.48 | 0.67 | 0.8 | 4.03 | 0.85 | 0.59 | 0.29 | 0.17 | 2.41 |
| EPS in Rs | 0.89 | 0.76 | 1.01 | -0.35 | 0.93 | 1.3 | 1.55 | 7.82 | 1.65 | 1.14 | 0.56 | 0.33 | 4.68 |
Profit & Loss
| Particulars | Sep 2014 15m | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.38 | 3.78 | 0.97 | 1.68 | 0.42 | 0.64 | 0.27 | 0.64 | 0.29 | 1.99 | 0.32 | 0.02 | 0.62 |
| Expenses | 2.7 | 7.79 | 2.23 | 3.55 | 4.83 | 3.23 | 3.44 | 4.07 | 3.06 | 5.95 | 8.45 | 3.88 | 4.67 |
| Operating Profit | -2.32 | -4.01 | -1.26 | -1.87 | -4.41 | -2.59 | -3.17 | -3.43 | -2.77 | -3.96 | -8.13 | -3.86 | -4.05 |
| OPM % | -610.53% | -106.08% | -129.9% | -111.31% | -1050% | -404.69% | -1174.07% | -535.94% | -955.17% | -198.99% | -2540.62% | -19300% | -653.23% |
| Other Income | 1.31 | 5.73 | 4.76 | 5.06 | 8.78 | 6.01 | 4.35 | 6.79 | 5.17 | 6.54 | 16.38 | 6.58 | 8.43 |
| Interest | 0.02 | 0.02 | 0.78 | 0.81 | 2.29 | 0.98 | 0.88 | 0.82 | 0.89 | 0.93 | 0.88 | 0.02 | 0 |
| Depreciation | 0.3 | 0.35 | 0.24 | 0.3 | 0.21 | 0.25 | 0.24 | 0.24 | 0.2 | 0.22 | 0.25 | 0.21 | 0.19 |
| PBT | -1.33 | 1.35 | 2.48 | 2.08 | 1.87 | 2.19 | 0.06 | 2.3 | 1.31 | 1.43 | 7.12 | 2.49 | 4.19 |
| Tax % | 6.02% | 25.93% | 16.53% | 18.27% | 22.46% | 21.46% | -50% | 29.13% | 22.9% | 17.48% | 15.87% | 24.1% | — |
| Net Profit | -1.41 | 1 | 2.07 | 1.7 | 1.45 | 1.72 | 0.1 | 1.63 | 1 | 1.18 | 5.99 | 1.9 | 3.46 |
| EPS in Rs | -2.74 | 1.94 | 4.02 | 3.3 | 2.81 | 3.34 | 0.19 | 3.16 | 1.94 | 2.29 | 11.62 | 3.69 | 6.71 |
| Div. Payout % | 0% | 0% | 0% | 15.88% | 18.62% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| Reserves | 34.19 | 35.11 | 37.12 | 38.73 | 40.36 | 41.77 | 41.39 | 42.98 | 43.87 | 45.04 | 50.92 | 53.42 |
| Borrowings | 6.49 | 7.73 | 7.44 | 10.15 | 9.84 | 10.12 | 10.41 | 9.74 | 10.11 | 10.08 | 0.34 | 0.14 |
| Other Liabilities | 43.04 | 42.14 | 44.24 | 45.93 | 41.3 | 43.75 | 43.22 | 41.62 | 40.84 | 40.31 | 45.53 | 36.38 |
| Total Liabilities | 89.12 | 90.38 | 94.2 | 100 | 96.9 | 101 | 100 | 99.74 | 100 | 101 | 102 | 95.34 |
| Fixed Assets | 21.98 | 21.94 | 21.64 | 21.33 | 21.34 | 21.12 | 20.95 | 20.67 | 20.39 | 20.48 | 19.63 | 19.23 |
| CWIP | 0.41 | 0.53 | 0.57 | 8.21 | 8.24 | 8.45 | 10.45 | 10.47 | 10.92 | 10.94 | 10.96 | 10.99 |
| Investments | 0 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 | 1.59 | 2.41 | 5.43 | 3.69 |
| Other Assets | 66.73 | 67.83 | 71.99 | 70.67 | 67.32 | 71.47 | 69.02 | 68.6 | 67.32 | 67 | 66.17 | 61.43 |
| Total Assets | 89.12 | 90.38 | 94.2 | 100 | 96.9 | 101 | 100 | 99.74 | 100 | 101 | 102 | 95.34 |
Cash Flow
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.25 | 0.59 | 0.8 | 3.75 | -11.87 | -4.66 | 0.23 | 6.5 | -1.27 | 3.77 | 15.35 | -11.64 |
| Investing | -0.48 | -0.39 | 0 | -0.07 | 2.45 | 3.86 | -0.42 | -3.94 | 0.71 | -2.83 | -5.37 | 12.93 |
| Financing | 0.04 | 0.08 | -0.92 | -3.72 | 11.24 | 1.09 | -0.71 | -1.69 | -0.53 | -0.93 | -10.46 | -0.04 |
| Net Cash Flow | -0.19 | 0.28 | -0.12 | -0.04 | 1.83 | 0.29 | -0.9 | 0.87 | -1.09 | 0.01 | -0.48 | 1.25 |
| Free Cash Flow | -0.23 | 0.2 | 0.8 | 3.68 | -12.15 | -4.74 | 0.02 | 6.5 | -1.27 | 4.33 | 24.9 | -10.73 |
| CFO/OP | 34 | -16 | -65 | -229 | 239 | 151 | -7 | -189 | 51 | -87 | -184 | 317 |
Ratios
| Particulars | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,479 | 84.01 | 324 | 167 | 348 | 274 | 527 | 165 | 390 | 62.36 | 228 | 4,015 |
| Inventory Days | — | 12.05 | — | — | — | — | — | — | — | 0 | — | — |
| Days Payable | — | 6.89 | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 1,479 | 89.17 | 324 | 167 | 348 | 274 | 527 | 165 | 390 | 62.36 | 228 | 4,015 |
| Working Capital Days | -13,332 | -1,561 | 9,607 | 8,360 | 33,710 | 25,681 | 56,926 | 18,889 | 41,660 | 4,923 | 5,213 | 1,83,230 |
| ROCE % | 4.76% | 1.97% | 6.64% | 5.51% | 7.48% | 5.55% | 0.49% | 5.24% | 3.69% | 2.32% | -2.17% | 2.47% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Martin Burn insights
58 extracted metrics + investor summaries across FY09–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. 13 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
13 Apr - Martin Burn confirms it is not a SEBI Large Corporate as of 31 March 2026. 13 Apr - Martin Burn confirms it is not a SEBI Large Corporate as of 31 March 2026.
3
Closure of Trading Window
31 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results; PAN frozen for ISIN INE199D01016. 31 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results; PAN frozen for ISIN INE199D01016.
4
Board Meeting Outcome for Outcome Of Board Meeting - 13Th February 2026
13 Feb - Appointed independent director; approved unaudited Q3 results (31‑Dec‑2025) showing heavy losses, FCCB ₹29,085L, bank debt ₹39,006L. 13 Feb - Appointed independent director; approved unaudited Q3 results (31‑Dec‑2025) showing heavy losses, FCCB ₹29,085L, bank debt ₹39,006L.
5
Board Meeting Intimation for Consideration And Approval Of Standalone And Consoldiated Unaudited Financial Results For The Quarter Ended 31St December 2025
10 Feb - Board meeting on 13 Feb 2026 to approve standalone and consolidated unaudited results for quarter ended 31 Dec 2025. 10 Feb - Board meeting on 13 Feb 2026 to approve standalone and consolidated unaudited results for quarter ended 31 Dec 2025.
Frequently Asked Questions about Martin Burn
What does Martin Burn Ltd do?
Incorporated in 1946, Martin Burn Ltd is in the business of Real Estate Development and execution of Works Contract Projects[1]
Where is Martin Burn Ltd (523566) listed?
Martin Burn Ltd trades as MARTINBURNLTD on the NSE and under code 523566 on the BSE.
Which sector does Martin Burn Ltd belong to?
Martin Burn Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the market capitalisation of Martin Burn Ltd?
Martin Burn Ltd has a market capitalisation of ₹23.22 Cr, which places it in the Small Cap band.
What is the PE ratio of Martin Burn Ltd?
Martin Burn Ltd trades at a PE ratio of 6.70, on earnings per share of ₹2.34, against a book value of ₹97.93 per share.
What is the 52-week high and low of Martin Burn Ltd?
Over the last 52 weeks Martin Burn Ltd has traded between ₹36.12 and ₹68.
What is the Return on Equity (ROE) of Martin Burn Ltd?
Martin Burn Ltd reported a return on equity of 3.23%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1946, Martin Burn Ltd is in the business of Real Estate Development and execution of Works Contract Projects[1]
Website martinburnltd.com
Face Value ₹ 10
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