Marg Techno-Projects Ltd

MTPL

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Market Cap

₹ 61 Cr

P/E

107.50

Turned 1 L into 13.27 L in last 5 Years

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

HIGH RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Marg Techno-Projects Limited is primarily engaged in offering a range of financial services, including extending loans and finance to industrial units, educational institutions, and individuals, among others.

Despite its long history since incorporation in 1993, the company underwent a significant rebranding in 1996, shifting from Marg Finance Limited to Marg Techno-Projects Limited, signaling a strategic pivot or expansion.

Listed on the Metropolitan Stock Exchange of India Limited (MSEI) since March 2015, Marg Techno-Projects Limited has positioned itself as a versatile financial services provider in the Indian market.

The company focuses on both secured and unsecured financial products, which they extend to a variety of entities including educational bodies, health centers, and cooperative societies, showcasing a diverse client base.

Sector

Finance

Industry

NBFC-Others

Market Cap

61 Cr

Volatility

Low Risk

P/E Ratio

107.5

Industry P/E

34.5

PEG Ratio

18.4

P/B Ratio

1.8

52W High

52.09

52W Low

27.35

Sales CAGR

6.99%

-0.54%

33.65%

10Y

46.61%

Profit CAGR

192.86%

5.85%

14.44%

10Y

65.95%

ROE

TTM

4.37%

3.34%

3.85%

10Y

2.83%

ROCE

TTM

9.28%

14.78%

15.83%

10Y

10.75%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
COMFINCAP	7.40	64 Cr	10.24	0.68	1.24	6.59	8.50	5.48
JAFINANCE	58.26	62 Cr	—	3.03	0.00	-0.63	4.91	-0.34
LADDERUP	58.20	62 Cr	45.47	0.80	0.00	1.75	5.73	2.93
CEEJAY	177.95	61 Cr	9.22	0.77	0.67	8.36	10.64	5.29
MTPL	43.00	61 Cr	107.50	1.80	0.00	4.37	9.28	1.50
GOWRALE	108.00	59 Cr	10.14	1.64	0.00	16.17	16.12	9.13
GDLLEAS	116.80	59 Cr	66.36	8.60	0.00	12.97	14.00	10.76

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	1.17	1.32	1.36	1.15	1.04	1.02	1.39	1.77	1.29	1.51
Expenses	0.64	1.00	0.70	0.58	0.60	0.52	0.54	1.01	0.48	0.50
Interest	0.40	0.07	0.48	0.73	0.42	0.43	0.63	0.69	0.67	0.81
Financing Profit	0.13	0.25	0.18	-0.16	0.02	0.07	0.22	0.07	0.14	0.20
Financing Margin %	11.11	18.94	13.24	-13.91	1.92	6.86	15.83	3.95	10.85	13.25
Other Income	0.00	0.00	0.00	0.00	0.06	0.00	0.00	0.14	0.00	0.00
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Profit Before Tax	0.10	0.22	0.16	-0.19	0.05	0.04	0.19	0.17	0.11	0.17
Tax %	30.00	22.73	37.50	-5.26	40.00	25.00	15.79	-11.76	27.27	23.53
Net Profit	0.08	0.16	0.10	-0.20	0.03	0.03	0.16	0.19	0.08	0.13
EPS in Rs	0.08	0.10	0.07	-0.20	0.02	0.02	0.16	0.26	0.08	0.13
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	TTM
Revenue	0.17	0.41	0.59	0.72	1.22	3.49	5.30	5.08	5.21	5.47
Expenses	0.12	0.34	0.54	0.70	0.80	1.46	2.45	2.59	2.68	2.55
Interest	0.00	0.00	0.00	0.00	0.10	1.62	2.28	1.73	2.16	2.42
Financing Profit	0.05	0.07	0.04	0.02	0.32	0.41	0.57	0.76	0.37	0.50
Financing Margin %	29.64	16.73	7.63	3.13	26.22	11.83	10.82	14.90	7.10	9.14
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.20	NaN
Depreciation	0.04	0.01	0.01	0.01	0.01	0.05	0.11	0.11	0.11	0.12
Profit Before Tax	0.01	0.06	0.04	0.02	0.31	0.37	0.48	0.66	0.45	0.51
Tax %	223.70	1,382.61	344.35	328.85	320.99	380.94	374.41	397.58	1,184.78	9.80
Net Profit	0.00	0.06	0.03	0.01	0.21	0.27	0.35	0.49	0.41	0.46
EPS in Rs	—	0.05	0.03	0.38	0.20	0.28	0.34	0.49	0.46	0.63
Dividend Payout %	—	—	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Equity Capital	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	10
Reserves	-0.18	-0.54	-0.76	-0.73	-0.72	-0.51	-0.24	0.11	0.60	2.64
Borrowings	4.39	4.82	0.54	0.84	3.48	4.96	30	22	18	22
Other Liabilities	0.14	0.45	0.10	0.11	0.24	0.70	0.68	1.07	1.94	0.54
Total Liabilities	10	11	5.88	6.21	9.00	11	36	29	26	35
Fixed Assets	0.03	0.04	0.02	0.01	0.05	0.10	0.82	0.81	0.79	0.84
CWIP	0.00	0.00	0.00	0.00	0.08	0.08	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04
Other Assets	10	11	5.86	6.20	8.87	11	35	28	25	34
Total Assets	10	11	5.88	6.21	9.00	11	36	29	26	35

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.09	-0.12	-0.29	-2.54	-0.47	-22	9.78	6.11	-1.35	-4.14
Cash from Investing Activity	-0.02	0.00	-0.00	-0.12	-0.06	-0.70	-0.09	-0.09	-0.00	-0.26
Cash from Financing Activity	0.00	0.11	0.30	2.67	1.37	23	-10	-5.83	-2.01	2.87
Net Cash Flow	0.06	-0.01	0.00	0.00	0.84	0.05	-0.60	0.18	-3.37	-1.53

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	72.77%	72.77%	72.77%	72.77%	72.77%	72.77%	72.77%	72.77%	43.66%	43.66%	43.66%	43.66%
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%
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%
Public	27.23%	27.23%	27.23%	27.23%	27.23%	27.23%	27.23%	27.23%	56.34%	56.34%	56.34%	56.34%
Total Shareholders	1,096	1,109	1,058	1,031	1,054	1,164	1,184	1,259	1,388	1,415	1,440	1,438

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 28, 2022	Thakorbhaivinubhaimistry	Bulk	Sell	9.24	0.03 Cr	30,230	0.3023

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Preferential Allotment

4 days ago

Preferential Issue Announcement

MARG Techno Projects Limited has announced the issuance of 14,00,000 equity shares at Rs. 50 each, including Rs. 40 as premium, through a preferential allotment to various promoters and non-promoters.

Equity Allotment

4 days ago

Equity Shares Allotment Announcement

MARG Techno Projects Limited has allotted 14,00,000 equity shares at Rs 50 each to various promoters and non-promoters as part of a preferential allotment during its board meeting.

Board Meeting Outcome

4 days ago

Board Meeting Outcome - Equity Shares Allotted

Marg Techno Projects Limited's Board meeting on December 12, 2025, approved the allotment of 14 lakh equity shares at ₹50 each to various allotees.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	1.17	1.32	1.36	1.15	1.04	1.02	1.39	1.77	1.29	1.51
Expenses	0.64	1.00	0.70	0.58	0.60	0.52	0.54	1.01	0.48	0.50
Interest	0.40	0.07	0.48	0.73	0.42	0.43	0.63	0.69	0.67	0.81
Financing Profit	0.13	0.25	0.18	-0.16	0.02	0.07	0.22	0.07	0.14	0.20
Financing Margin %	11.11	18.94	13.24	-13.91	1.92	6.86	15.83	3.95	10.85	13.25
Other Income	0.00	0.00	0.00	0.00	0.06	0.00	0.00	0.14	0.00	0.00
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Profit Before Tax	0.10	0.22	0.16	-0.19	0.05	0.04	0.19	0.17	0.11	0.17
Tax %	30.00	22.73	37.50	-5.26	40.00	25.00	15.79	-11.76	27.27	23.53
Net Profit	0.08	0.16	0.10	-0.20	0.03	0.03	0.16	0.19	0.08	0.13
EPS in Rs	0.08	0.10	0.07	-0.20	0.02	0.02	0.16	0.26	0.08	0.13
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	TTM
Revenue	0.17	0.41	0.59	0.72	1.22	3.49	5.30	5.08	5.21	5.47
Expenses	0.12	0.34	0.54	0.70	0.80	1.46	2.45	2.59	2.68	2.55
Interest	0.00	0.00	0.00	0.00	0.10	1.62	2.28	1.73	2.16	2.42
Financing Profit	0.05	0.07	0.04	0.02	0.32	0.41	0.57	0.76	0.37	0.50
Financing Margin %	29.64	16.73	7.63	3.13	26.22	11.83	10.82	14.90	7.10	9.14
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.20	NaN
Depreciation	0.04	0.01	0.01	0.01	0.01	0.05	0.11	0.11	0.11	0.12
Profit Before Tax	0.01	0.06	0.04	0.02	0.31	0.37	0.48	0.66	0.45	0.51
Tax %	223.70	1,382.61	344.35	328.85	320.99	380.94	374.41	397.58	1,184.78	9.80
Net Profit	0.00	0.06	0.03	0.01	0.21	0.27	0.35	0.49	0.41	0.46
EPS in Rs	—	0.05	0.03	0.38	0.20	0.28	0.34	0.49	0.46	0.63
Dividend Payout %	—	—	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Equity Capital	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	10
Reserves	-0.18	-0.54	-0.76	-0.73	-0.72	-0.51	-0.24	0.11	0.60	2.64
Borrowings	4.39	4.82	0.54	0.84	3.48	4.96	30	22	18	22
Other Liabilities	0.14	0.45	0.10	0.11	0.24	0.70	0.68	1.07	1.94	0.54
Total Liabilities	10	11	5.88	6.21	9.00	11	36	29	26	35
Fixed Assets	0.03	0.04	0.02	0.01	0.05	0.10	0.82	0.81	0.79	0.84
CWIP	0.00	0.00	0.00	0.00	0.08	0.08	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04
Other Assets	10	11	5.86	6.20	8.87	11	35	28	25	34
Total Assets	10	11	5.88	6.21	9.00	11	36	29	26	35

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.09	-0.12	-0.29	-2.54	-0.47	-22	9.78	6.11	-1.35	-4.14
Cash from Investing Activity	-0.02	0.00	-0.00	-0.12	-0.06	-0.70	-0.09	-0.09	-0.00	-0.26
Cash from Financing Activity	0.00	0.11	0.30	2.67	1.37	23	-10	-5.83	-2.01	2.87
Net Cash Flow	0.06	-0.01	0.00	0.00	0.84	0.05	-0.60	0.18	-3.37	-1.53

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
COMFINCAP	7.40	64 Cr	10.24	0.68	1.24	6.59	8.50	5.48
JAFINANCE	58.26	62 Cr	—	3.03	0.00	-0.63	4.91	-0.34
LADDERUP	58.20	62 Cr	45.47	0.80	0.00	1.75	5.73	2.93
CEEJAY	177.95	61 Cr	9.22	0.77	0.67	8.36	10.64	5.29
MTPL	43.00	61 Cr	107.50	1.80	0.00	4.37	9.28	1.50
GOWRALE	108.00	59 Cr	10.14	1.64	0.00	16.17	16.12	9.13
GDLLEAS	116.80	59 Cr	66.36	8.60	0.00	12.97	14.00	10.76

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Listed on the Metropolitan Stock Exchange of India Limited (MSEI) since March 2015, Marg Techno-Projects Limited has positioned itself as a versatile financial services provider in the Indian market.

Sector

Finance

Industry

NBFC-Others

Market Cap

61 Cr

Volatility

Low Risk

P/E Ratio

107.5

Industry P/E

34.5

PEG Ratio

18.4

P/B Ratio

1.8

52W High

52.09

52W Low

27.35

Sales CAGR

6.99%

-0.54%

33.65%

10Y

46.61%

Profit CAGR

192.86%

5.85%

14.44%

10Y

65.95%

ROE

TTM

4.37%

3.34%

3.85%

10Y

2.83%

ROCE

TTM

9.28%

14.78%

15.83%

10Y

10.75%