Maruti Infrastructure Ltd
Incorporated in 1994, Maruti Infrastructure
Ltd is engaged in Real Estate Development
and Construction Activities[1]
- Market Cap ₹ 118 Cr.
- Current Price ₹ 12.6
- High / Low ₹ 17.1 / 6.57
- Stock P/E 45.7
- Book Value ₹ 3.01
- Dividend Yield 0.00 %
- ROCE 8.21 %
- ROE 7.22 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 4.18 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 6.51% over last 3 years.
- Company has high debtors of 166 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.41 | 21.90 | 17.46 | 13.51 | 22.10 | 29.27 | 31.71 | 32.56 | 25.51 | 35.18 | 38.40 | 50.73 | 64.73 | |
| 7.56 | 20.18 | 16.31 | 12.87 | 20.75 | 28.80 | 30.65 | 31.16 | 23.84 | 32.45 | 34.84 | 47.19 | 60.76 | |
| Operating Profit | 0.85 | 1.72 | 1.15 | 0.64 | 1.35 | 0.47 | 1.06 | 1.40 | 1.67 | 2.73 | 3.56 | 3.54 | 3.97 |
| OPM % | 10.11% | 7.85% | 6.59% | 4.74% | 6.11% | 1.61% | 3.34% | 4.30% | 6.55% | 7.76% | 9.27% | 6.98% | 6.13% |
| 0.04 | 0.13 | 0.02 | 0.12 | 0.14 | 0.42 | 0.47 | 0.53 | 0.33 | 0.26 | 0.34 | 0.29 | 0.30 | |
| Interest | 0.08 | 0.10 | 0.31 | 0.22 | 0.57 | 0.43 | 0.49 | 0.80 | 0.99 | 1.13 | 1.09 | 1.49 | 1.44 |
| Depreciation | 0.11 | 0.17 | 0.16 | 0.14 | 0.11 | 0.07 | 0.12 | 0.13 | 0.17 | 0.21 | 0.22 | 0.22 | 0.18 |
| Profit before tax | 0.70 | 1.58 | 0.70 | 0.40 | 0.81 | 0.39 | 0.92 | 1.00 | 0.84 | 1.65 | 2.59 | 2.12 | 2.65 |
| Tax % | 32.86% | 32.91% | 31.43% | 40.00% | 28.40% | 25.64% | 30.43% | 29.00% | 39.29% | 23.03% | 34.75% | 8.96% | |
| 0.48 | 1.07 | 0.48 | 0.25 | 0.57 | 0.28 | 0.64 | 0.71 | 0.52 | 1.27 | 1.69 | 1.93 | 2.58 | |
| EPS in Rs | 0.06 | 0.11 | 0.05 | 0.03 | 0.06 | 0.03 | 0.07 | 0.08 | 0.06 | 0.14 | 0.18 | 0.21 | 0.28 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 10% |
| 3 Years: | 26% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 25% |
| 3 Years: | 55% |
| TTM: | 474% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 29% |
| 3 Years: | 8% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.03 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 18.75 | 18.75 |
| Reserves | 5.59 | 6.96 | 7.43 | 7.59 | 8.16 | 8.43 | 9.07 | 9.78 | 10.30 | 11.57 | 13.26 | 8.93 | 9.45 |
| 0.47 | 1.23 | 6.95 | 8.51 | 7.54 | 6.57 | 7.26 | 8.36 | 11.86 | 18.88 | 16.49 | 18.05 | 20.19 | |
| 7.93 | 7.27 | 4.21 | 5.10 | 0.93 | 4.97 | 5.66 | 6.86 | 9.13 | 14.05 | 14.64 | 22.82 | 13.46 | |
| Total Liabilities | 24.02 | 27.96 | 31.09 | 33.70 | 29.13 | 32.47 | 34.49 | 37.50 | 43.79 | 57.00 | 56.89 | 68.55 | 61.85 |
| 0.80 | 0.66 | 0.47 | 0.43 | 0.52 | 1.04 | 1.04 | 0.92 | 1.18 | 1.44 | 1.37 | 1.15 | 1.07 | |
| CWIP | 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 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.39 | 0.44 | 0.36 | 0.36 | 0.37 | 0.37 | 0.35 | 0.35 |
| 23.17 | 27.25 | 30.57 | 33.22 | 28.56 | 31.04 | 33.01 | 36.22 | 42.25 | 55.19 | 55.15 | 67.05 | 60.43 | |
| Total Assets | 24.02 | 27.96 | 31.09 | 33.70 | 29.13 | 32.47 | 34.49 | 37.50 | 43.79 | 57.00 | 56.89 | 68.55 | 61.85 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.80 | -3.46 | -5.00 | -0.67 | 3.36 | 2.33 | 5.05 | -1.08 | -0.50 | -1.66 | 1.73 | 3.01 | |
| 0.15 | 0.00 | 0.03 | -0.10 | -0.27 | -0.73 | 0.12 | 0.57 | -0.29 | -0.34 | -0.03 | 0.13 | |
| 0.66 | 3.44 | 5.13 | 1.18 | -3.49 | -1.38 | -3.65 | 0.98 | -0.51 | 2.13 | -1.99 | -3.13 | |
| Net Cash Flow | 0.01 | -0.02 | 0.16 | 0.41 | -0.40 | 0.21 | 1.52 | 0.48 | -1.29 | 0.12 | -0.28 | 0.01 |
| Free Cash Flow | -0.82 | -3.49 | -4.98 | -0.78 | 3.08 | 1.74 | 4.93 | -1.08 | -0.94 | -2.13 | 1.58 | 3.00 |
| CFO/OP | -68% | -192% | -394% | -77% | 267% | 513% | 502% | -57% | -10% | -46% | 70% | 99% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43.83 | 66.67 | 12.33 | 3.78 | 1.16 | 52.00 | 39.71 | 20.63 | 144.23 | 178.76 | 35.64 | 166.42 |
| Inventory Days | 2,159.41 | 722.44 | 1,609.37 | 2,311.94 | 2,635.00 | 922.89 | 426.46 | 700.37 | 671.83 | 465.00 | 966.80 | 580.19 |
| Days Payable | 382.93 | 176.02 | 39.31 | 53.56 | 64.00 | 200.63 | 131.46 | 214.30 | 233.50 | 193.07 | 285.90 | 276.17 |
| Cash Conversion Cycle | 1,820.31 | 613.09 | 1,582.40 | 2,262.17 | 2,572.16 | 774.27 | 334.70 | 506.69 | 582.56 | 450.70 | 716.55 | 470.43 |
| Working Capital Days | 592.42 | 278.83 | 530.99 | 668.67 | 391.43 | 212.49 | 143.42 | 178.13 | 296.89 | 239.98 | 207.31 | 198.08 |
| ROCE % | 5.04% | 9.14% | 4.33% | 2.24% | 5.18% | 2.94% | 5.01% | 6.05% | 5.60% | 7.16% | 8.64% | 8.21% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory - Construction Work-in-Progress ₹ Lakhs |
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| Inventory - Finished Goods (Completed Units) ₹ Lakhs |
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| Employee Count Number |
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| Debtors Turnover Ratio Days |
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| Order Book / Projects in Hand ₹ Crores |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14h
-
Clarification On Price Movement
2d - Maruti Infrastructure clarifies (30-Mar-2026) share price movement market-driven; no undisclosed material information.
-
Clarification sought from Maruti Infrastructure Ltd
2d - Exchange has sought clarification from Maruti Infrastructure Ltd on March 30, 2026, with reference to Movement in Price.
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Closure of Trading Window
23 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 March 2026.
-
Announcement under Regulation 30 (LODR)-Demise
18 Mar - Company reported independent director's death on 15 Mar 2026; delayed disclosure explained in filing on 18 Mar 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1]
MIL constructs EWS Housing Projects and Urban Infra Projects company in Ahmedabad. It offers professional construction and management of properties in civil construction, residential and commercial projects.