Martin Burn Ltd
Incorporated in 1946, Martin Burn Ltd is engaged in the activities of Work Contract Job & Real Estate development in Kolkata region
- Market Cap ₹ 31.0 Cr.
- Current Price ₹ 60.3
- High / Low ₹ 118 / 48.8
- Stock P/E 4.95
- Book Value ₹ 112
- Dividend Yield 0.00 %
- ROCE -2.17 %
- ROE -3.90 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.54 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 -12.9% over past five years.
- Company has a low return on equity of -0.47% over last 3 years.
- Earnings include an other income of Rs.16.9 Cr.
- Company has high debtors of 228 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
| Jun 2013 15m | Sep 2014 15m | Mar 2016 18m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.66 | 0.38 | 3.78 | 0.97 | 1.68 | 0.42 | 0.64 | 0.27 | 0.64 | 0.29 | 1.99 | 0.32 | 0.16 | |
| 3.51 | 2.70 | 7.79 | 2.23 | 3.55 | 4.83 | 3.23 | 3.44 | 4.07 | 3.06 | 5.95 | 8.45 | 8.86 | |
| Operating Profit | -1.85 | -2.32 | -4.01 | -1.26 | -1.87 | -4.41 | -2.59 | -3.17 | -3.43 | -2.77 | -3.96 | -8.13 | -8.70 |
| OPM % | -111.45% | -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% | -5,437.50% |
| 4.63 | 1.31 | 5.73 | 4.76 | 5.06 | 8.78 | 6.01 | 4.35 | 6.79 | 5.17 | 6.54 | 16.38 | 16.86 | |
| Interest | 1.29 | 0.02 | 0.02 | 0.78 | 0.81 | 2.29 | 0.98 | 0.88 | 0.82 | 0.89 | 0.93 | 0.88 | 0.42 |
| Depreciation | 0.28 | 0.30 | 0.35 | 0.24 | 0.30 | 0.21 | 0.25 | 0.24 | 0.24 | 0.20 | 0.22 | 0.25 | 0.22 |
| Profit before tax | 1.21 | -1.33 | 1.35 | 2.48 | 2.08 | 1.87 | 2.19 | 0.06 | 2.30 | 1.31 | 1.43 | 7.12 | 7.52 |
| Tax % | 28.10% | 6.02% | 25.93% | 16.53% | 18.27% | 22.46% | 21.46% | -50.00% | 29.13% | 22.90% | 17.48% | 15.87% | |
| 0.87 | -1.41 | 1.00 | 2.07 | 1.70 | 1.45 | 1.72 | 0.10 | 1.63 | 1.00 | 1.18 | 5.99 | 6.27 | |
| EPS in Rs | 1.69 | -2.74 | 1.94 | 4.02 | 3.30 | 2.81 | 3.34 | 0.19 | 3.16 | 1.94 | 2.29 | 11.62 | 12.16 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 15.88% | 18.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -13% |
| 3 Years: | -21% |
| TTM: | -91% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 321% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 23% |
| 3 Years: | 20% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | -4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5.40 |
| Reserves | 35.69 | 34.19 | 35.11 | 37.12 | 38.73 | 40.36 | 41.77 | 41.39 | 42.98 | 43.87 | 45.04 | 50.92 | 52.32 |
| 7.04 | 6.49 | 7.73 | 7.44 | 10.15 | 9.84 | 10.12 | 10.41 | 9.74 | 10.11 | 10.08 | 0.34 | 0.14 | |
| 48.24 | 43.04 | 42.14 | 44.24 | 45.93 | 41.30 | 43.75 | 43.22 | 41.62 | 40.84 | 40.31 | 45.53 | 43.26 | |
| Total Liabilities | 96.37 | 89.12 | 90.38 | 94.20 | 100.21 | 96.90 | 101.04 | 100.42 | 99.74 | 100.22 | 100.83 | 102.19 | 101.12 |
| 22.39 | 21.98 | 21.94 | 21.64 | 21.33 | 21.34 | 21.12 | 20.95 | 20.67 | 20.39 | 20.48 | 19.63 | 19.33 | |
| CWIP | 0.16 | 0.41 | 0.53 | 0.57 | 8.21 | 8.24 | 8.45 | 10.45 | 10.47 | 10.92 | 10.94 | 10.96 | 10.96 |
| Investments | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.59 | 2.41 | 5.43 | 6.47 |
| 73.82 | 66.73 | 67.83 | 71.99 | 70.67 | 67.32 | 71.47 | 69.02 | 68.60 | 67.32 | 67.00 | 66.17 | 64.36 | |
| Total Assets | 96.37 | 89.12 | 90.38 | 94.20 | 100.21 | 96.90 | 101.04 | 100.42 | 99.74 | 100.22 | 100.83 | 102.19 | 101.12 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2.39 | 0.25 | 0.59 | 0.80 | 3.75 | -11.87 | -4.66 | 0.23 | 6.50 | -1.27 | 3.77 | 15.35 | |
| -0.33 | -0.48 | -0.39 | 0.00 | -0.07 | 2.45 | 3.86 | -0.42 | -3.94 | 0.71 | -2.83 | -5.37 | |
| 2.66 | 0.04 | 0.08 | -0.92 | -3.72 | 11.24 | 1.09 | -0.71 | -1.69 | -0.53 | -0.93 | -10.46 | |
| Net Cash Flow | -0.06 | -0.19 | 0.28 | -0.12 | -0.04 | 1.83 | 0.29 | -0.90 | 0.87 | -1.09 | 0.01 | -0.48 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Sep 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 430.96 | 1,479.21 | 84.01 | 323.61 | 167.29 | 347.62 | 273.75 | 527.22 | 165.39 | 390.17 | 62.36 | 228.12 |
| Inventory Days | 557.53 | 12.05 | 0.00 | |||||||||
| Days Payable | 1,271.48 | 6.89 | ||||||||||
| Cash Conversion Cycle | -282.99 | 1,479.21 | 89.17 | 323.61 | 167.29 | 347.62 | 273.75 | 527.22 | 165.39 | 390.17 | 62.36 | 228.12 |
| Working Capital Days | -8,590.69 | -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 |
| ROCE % | 5.25% | 4.76% | 1.97% | 6.64% | 5.51% | 7.48% | 5.55% | 0.49% | 5.24% | 3.69% | 2.32% | -2.17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Oct - Publication of unaudited financial results for the quarter ended 30-09-25
- Unaudited Financial Results Along With Limited Review Report For The Quarter Ended 30-09-2025 28 Oct
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 28-10-2025
28 Oct - Board approved unaudited Q2 results for quarter ended 30 Sep 2025; H1 net profit Rs143.35 lakh; limited review.
-
Board Meeting Intimation for Board Meeting For Considering And Approving The Unaudited Financial Results For The Quarter Ended 30-09-2025
17 Oct - Board meeting 28 Oct 2025 to approve Q2 unaudited results; trading window closed, reopens 48 hours after publication.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Oct - Certificate under Regulation 74(5) of SEBI(DP) Regulations for the quarter ended 30-09-25
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Business Overview:[1]
Company is involved in all real estate activities from acquisition of land, obtaining approvals, project planning and execution, launch, sales & marketing to final delivery of developed property to its customers.