Martin Burn Ltd
Incorporated in 1946, Martin Burn Ltd is in the business of Real Estate Development and execution of Works Contract Projects[1]
- Market Cap ₹ 22.7 Cr.
- Current Price ₹ 44.1
- High / Low ₹ 69.0 / 36.1
- Stock P/E 6.57
- Book Value ₹ 114
- Dividend Yield 0.00 %
- ROCE 2.47 %
- ROE 0.92 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.39 times its book value
Cons
- 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
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 2.70 | 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% | -129.90% | -111.31% | -1,050.00% | -404.69% | -1,174.07% | -535.94% | -955.17% | -198.99% | -2,540.62% | -19,300.00% | -653.23% |
| 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 | 0.00 |
| Depreciation | 0.30 | 0.35 | 0.24 | 0.30 | 0.21 | 0.25 | 0.24 | 0.24 | 0.20 | 0.22 | 0.25 | 0.21 | 0.19 |
| Profit before tax | -1.33 | 1.35 | 2.48 | 2.08 | 1.87 | 2.19 | 0.06 | 2.30 | 1.31 | 1.43 | 7.12 | 2.49 | 4.19 |
| Tax % | 6.02% | 25.93% | 16.53% | 18.27% | 22.46% | 21.46% | -50.00% | 29.13% | 22.90% | 17.48% | 15.87% | 24.10% | |
| -1.41 | 1.00 | 2.07 | 1.70 | 1.45 | 1.72 | 0.10 | 1.63 | 1.00 | 1.18 | 5.99 | 1.90 | 3.46 | |
| EPS in Rs | -2.74 | 1.94 | 4.02 | 3.30 | 2.81 | 3.34 | 0.19 | 3.16 | 1.94 | 2.29 | 11.62 | 3.69 | 6.71 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 15.88% | 18.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -41% |
| 5 Years: | -41% |
| 3 Years: | -59% |
| TTM: | 158% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 24% |
| 3 Years: | -19% |
| TTM: | -46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 4% |
| 3 Years: | 0% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 0% |
| 3 Years: | -2% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 |
| 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 |
| 6.49 | 7.73 | 7.44 | 10.15 | 9.84 | 10.12 | 10.41 | 9.74 | 10.11 | 10.08 | 0.34 | 0.14 | |
| 43.04 | 42.14 | 44.24 | 45.93 | 41.30 | 43.75 | 43.22 | 41.62 | 40.84 | 40.31 | 45.53 | 36.38 | |
| Total Liabilities | 89.12 | 90.38 | 94.20 | 100.21 | 96.90 | 101.04 | 100.42 | 99.74 | 100.22 | 100.83 | 102.19 | 95.34 |
| 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 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.59 | 2.41 | 5.43 | 3.69 |
| 66.73 | 67.83 | 71.99 | 70.67 | 67.32 | 71.47 | 69.02 | 68.60 | 67.32 | 67.00 | 66.17 | 61.43 | |
| Total Assets | 89.12 | 90.38 | 94.20 | 100.21 | 96.90 | 101.04 | 100.42 | 99.74 | 100.22 | 100.83 | 102.19 | 95.34 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 0.59 | 0.80 | 3.75 | -11.87 | -4.66 | 0.23 | 6.50 | -1.27 | 3.77 | 15.35 | -11.64 | |
| -0.48 | -0.39 | 0.00 | -0.07 | 2.45 | 3.86 | -0.42 | -3.94 | 0.71 | -2.83 | -5.37 | 12.93 | |
| 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 | -0.90 | 0.87 | -1.09 | 0.01 | -0.48 | 1.25 |
| Free Cash Flow | -0.23 | 0.20 | 0.80 | 3.68 | -12.15 | -4.74 | 0.02 | 6.50 | -1.27 | 4.33 | 24.90 | -10.73 |
| CFO/OP | 34% | -16% | -65% | -229% | 239% | 151% | -7% | -189% | 51% | -87% | -184% | 317% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 1,479.21 | 84.01 | 323.61 | 167.29 | 347.62 | 273.75 | 527.22 | 165.39 | 390.17 | 62.36 | 228.12 | 4,015.00 |
| Inventory Days | 12.05 | 0.00 | ||||||||||
| Days Payable | 6.89 | |||||||||||
| Cash Conversion Cycle | 1,479.21 | 89.17 | 323.61 | 167.29 | 347.62 | 273.75 | 527.22 | 165.39 | 390.17 | 62.36 | 228.12 | 4,015.00 |
| Working Capital Days | -13,332.11 | -1,561.39 | 9,606.65 | 8,360.24 | 33,710.36 | 25,681.17 | 56,926.48 | 18,888.75 | 41,660.34 | 4,922.91 | 5,212.66 | 183,230.00 |
| 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
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Capital Work in Progress INR Lakh |
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| Freehold Land (Net Block) INR Lakh |
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| Leasehold Land (Net Block) INR Lakh |
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| Permanent Employees on Rolls count |
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| Property Development Segment Revenue INR Lakh |
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| Rent Segment Revenue INR Lakh |
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| Tenant Security Deposits Received INR Lakh |
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| Total Loans Given (Financial Assets) INR Lakh |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Martin Burn submitted 78th AGM scrutinizer report; shareholders approved FY26 accounts and director appointments.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Martin Burn held its 78th AGM on 27 August 2026, approving financials, reappointments and other resolutions.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- 78th AGM voting results declared on 27 Aug 2026; resolutions on accounts, director reappointment, and remuneration waiver passed.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- 78th AGM held on 26 Aug 2026; approved financials, director reappointments, independent director appointment, and remuneration waiver.
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from bse
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Annual Report 2011
from bse
Business Overview:[1]
MBL is engaged in the activities of Work Contract & Real Estate development. It focuses on the mid-market /premium residential
segment in and around Kolkata. The company deals with all activities across the product value chain from acquisition of land, obtaining approvals, project planning and execution, to launch, sales & marketing, and final delivery of the developed property to the customers.