As of 6 Nov 2026, Marg Techno-Projects trades at 6.7× trailing earnings, and the shares are 85% below their 52-week high. Net profit grew 26% a year over 3 years; its ROE of 6.4% is the lowest among the 7 largest Credit Services peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 0.27× book value. It is a small-cap company with a market cap of ₹60 Cr, ranked 103rd of 193 Credit Services companies by market cap; the shares fell 83% over the past year.
- ₹8.06
- ₹8.06
- ₹7.70
- ₹8.10
- 28.2K
Health check
- ReturnsBehind
−82.8% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/B 0.27 vs peer median 2.62.
- GrowthStrong
Profit +26.3% a year over 3 years.
- ProfitabilityWeak
ROE 6.4% vs peer median 18.7%.
- Balance sheetSolid
Return on assets 3.92%. Bad-loan data isn’t covered.
- Red flags2 to check
Return on equity is low at 6.4%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹60 Cr
- Small cap
- P/E
- 6.7
- Industry 15.5
- Price to book
- 0.27
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- 6.4%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹1.15
- OPM (TTM)
- 29.5%
- Net margin 44.8%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +1180.6%
- Latest quarter vs a year ago
- Price to sales
- 7.42
Strengths and risks
Strengths
- Quarterly profit up 1180.6% on a year ago.
Risks to check
- Return on equity is low at 6.4%.
- 85% below its 52-week high.
About Marg Techno-Projects
Marg Techno-Projects Limited, a non-banking financial company, provides financial services in India. It offers unsecured personal loans, unsecured business loans, and secured loans against gold jewellery. The company was formerly known as Marg Finance Limited and changed its name to Marg Techno-Projects Limited in August 1996. Marg Techno-Projects Limited was incorporated in 1993 and is based in Surat, India.
- Headquarters
- Surat
- Employees
- 12
- Sector
- Financial Services
- ISIN
- INE245H01018
- Website
- margtechno.com
Price range
- Avg volume (3M)
- 2.9 L
- 1-year return
- minus 82.8%
- From 52-week high
- minus 84.6%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| MTPLMarg Techno-Projects | 7.70 | minus 4.94% | 60 | 6.7 | 0.27 | 6.4% | 3.9% | 26.3% | 0.00% | minus 82.8% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1.3 | 1.5 | 1.5 | 5.3 | 2.5 | |
| 1.1 | 1.3 | 1.3 | 3.9 | 1.1 | |
| 0.1 | 0.2 | 0.3 | 1.3 | 1.4 | |
| 10.9% | 13.7% | 17.6% | 25.4% | 54.9% | |
| 0 | 0 | −0 | 0.1 | 0 | |
| 0 | 0 | 0 | 0.1 | 0 | |
| 0.1 | 0.2 | 0.2 | 1.3 | 1.3 | |
| 26.9% | 24.1% | 25.3% | 39.0% | 24.0% | |
| 0.1 | 0.1 | 0.2 | 0.8 | 1 | |
| 0.08 | 0.06 | 0.06 | 0.31 | 0.72 |
Profit & loss
- Profit CAGR 3Y
- +26.3%
- EPS CAGR 3Y
- +2.4%
- ROE
- 6.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.1 | 5 | 5.2 | 6.8 | |
| – | minus 1.4% | +4.0% | +31.1% | |
| 4.3 | 4.5 | 4.6 | 4.8 | |
| 0.8 | 0.6 | 0.6 | 2 | |
| 16.2% | 11.2% | 12.4% | 29.2% | |
| 0 | 0.2 | 0.1 | 0.1 | |
| 0.1 | 0.2 | 0 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| – | −0.2 | −0.2 | −0.3 | |
| 0.7 | 0.3 | 0.5 | 1.6 | |
| 25.2% | 52.0% | 8.4% | 36.9% | |
| 0.5 | 0.1 | 0.4 | 1 | |
| – | minus 71.9% | +198.6% | +140.0% | |
| 0.35 | 0.10 | 0.25 | 0.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6 | 6 | 10 | 14.2 | |
| 0.6 | 6.1 | 2.6 | 20.4 | |
| 17.7 | 17.3 | 22.1 | 27 | |
| 1.9 | 1.8 | 0.5 | 0.8 | |
| 26.2 | 31.2 | 35.3 | 62.4 | |
| 0.8 | 0.7 | 0.8 | 0.7 | |
| 0.4 | 0.2 | 0.1 | 0.1 | |
| 0.5 | 2.5 | 1 | 1.3 | |
| 24.4 | 27.8 | 33.3 | 60.2 | |
| 26.2 | 31.2 | 35.3 | 62.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | −1.4 | −4.1 | −22.8 | |
| −0.1 | −0 | −0.3 | −0 | |
| −5.8 | −2 | 2.9 | 23.2 | |
| 0.2 | −3.4 | −1.5 | 0.4 | |
| −0.1 | −0 | −0.3 | −0 | |
| 6 | −1.4 | −4.4 | −22.8 |
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
Filings & events
News
No recent news coverage found.