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Martin Burn (BSE: MARBU) had a P/E of 6.4× on 6 Nov 2026, below the industry P/E of 21.3×, and the shares are 31% below their 52-week high. Sales fell 60% a year over 3 years while net profit grew 24%; its ROCE of 2.7% is the second-lowest among the 7 largest Real Estate Services peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹22 Cr, ranked 49th of 64 Real Estate Services companies by market cap; the shares fell 27% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹43.25
Day high
₹43.25
Day low
₹43.20
Prev. close
₹44.20
Volume
16

Health check

1 fair · 4 to check
  • ReturnsBehind

    −26.7% over a year, better than 2 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSlow

    Sales −60.1%, profit +23.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 2.7% vs peer median 7.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 4 of 9.

  • Red flags4 to check

    Return on equity is low at 4.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate Services

63 listed peers. Screen the industry

Small cap

₹22 Cr, #49 of 64 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1 Cr · profit ₹3 Cr
Market cap
₹22 Cr
Small cap
P/E
6.4
Industry 21.3
Price to book
0.25
Peers 7.92
Dividend yield
0.00%
ROE
4.5%
Peers 10.5%
ROCE
2.7%
Peers 7.6%
Debt to equity
0.00
Debt ₹0.13 Cr
EPS (TTM)
₹6.73
OPM (TTM)
−636.0%
Net margin 242.4%
Sales growth
+13733.3%
Latest quarter vs a year ago
Profit growth
+185.2%
Latest quarter vs a year ago
Price to sales
16.68
EV/EBITDA −6.3

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 185.2% on a year ago.
  • Quarterly sales up 13733.3% on a year ago.

Risks to check

  • Return on equity is low at 4.5%.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • 31% below its 52-week high.
  • Interest coverage of only −258.3×.

Derived automatically from reported figures. Not a recommendation.

About Martin Burn

Martin Burn Limited engages real estate development and execution of works contract projects in India. The company is also involved in the construction and development of properties, as well as in rental or leasing-related activities. Martin Burn Limited was incorporated in 1946 and is based in Kolkata, India.

Headquarters
Kolkata
Employees
24
Sector
Real Estate
ISIN
INE199D01016
Website
martinburnltd.com

Price range

52 weeks

₹36.12₹62.83

Today

₹43.20₹43.25
Avg volume (3M)
1.5K
1-year return
minus 26.7%
From 52-week high
minus 31.2%

Peers · Real Estate Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ABRELAditya Birla Real Estate1,068.40minus 1.99%11,853––−5.2%−3.6%0.79−52.6%minus 41.3%
WEWORKWeWork India Management681.65plus 1.04%9,46695.79.412.3%64.2%16.44–plus 6.7%
SMARTWORKSSmartworks Coworking Spaces515.85plus 4.91%5,90052.49.27.4%65.3%10.2936.2%minus 18.9%
NIRLONNirlon635.00minus 0.57%5,72220.412.623.3%77.4%2.425.4%plus 16.4%
INDIQUBEIndiqube Spaces184.32plus 2.39%3,908–9.95.5%60.8%10.1235.8%minus 15.3%
ELPROINTLElpro International169.55plus 0.26%2,87422.350.57.6%36.2%0.6058.2%plus 60.9%
EFCILEFC (I)165.12plus 0.22%2,4438.38.116.0%44.5%1.73115.7%minus 43.6%
MARBUMartin Burn43.20minus 2.26%226.4–2.7%−636.0%0.00−60.1%minus 26.7%
Median of 7 peers–0.26%5,72222.39.67.6%60.8%2.4236.0%−15.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
00000.6
0.60.90.91.51.4
−0.6−0.9−0.9−1.5−0.8
−12682.2%−19869.6%−19395.6%−32713.0%−121.2%
1.81.81.31.73.7
00000
00.10.10.10
1.20.80.40.12.9
27.8%27.8%27.8%−62.6%15.4%
0.80.60.30.22.4
1.641.140.570.344.68

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−60.1%
Profit CAGR 3Y
+23.9%
EPS CAGR 3Y
+23.8%
ROE
4.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
0.320.30
–+594.1%minus 83.9%minus 94.3%
367.93.9
−2.7−4−7.6−3.8
−943.3%−199.0%−2366.4%−21145.6%
5.16.57.15.5
0.90.90.90
0.20.20.30.2
008.71.1
1.31.47.12.5
23.5%17.2%15.8%23.9%
11.261.9
–+18.6%+406.2%minus 68.3%
1.942.3011.633.68

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5.45.45.45.4
43.94550.953.4
10100.20.1
40.940.445.736.4
10010110295.3
31.331.430.630.2
10.910.91111
1.62.45.53.7
1.31.30.82
55.154.854.348.4
10010110295.3

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1.33.815.4−11.6
0.7−2.8−5.412.9
−0.5−0.9−10.5−0
−1.10−0.51.2
–−0.4–−0.1
−1.33.415.4−11.7

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you