BSE: 531319
MARUTI GLOBAL INDUSTRIES LIMIT
Acts as a sub-contractor on civil construction projects in India, with revenue running through a single construction activity segment. Customers include larger EPC contractors such as KMC Constructions Limited and pharma-sector clients such as MSN Life Sciences and MSN Laboratories. The work involves structural works, retaining walls, bridges and flyovers on highways, railway track formation, and civil and fabrication works at pharma facilities. Net profit was Rs 0.7238 crore in FY26 with EBITDA margin of 3.193%. Materials consumed run at 108.2% of revenue, leaving very little to cover employee and other operating costs. The company carries accumulated losses of Rs 2,592.78 lakhs, leaving its net worth at negative Rs 2,092.75 lakhs, supported by long-term borrowings of Rs 2,071.95 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Construction activity. Small sub-contracted civil construction with weak balance sheet and negative net worth
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 24 |
| EBITDA (ex other income) | (0) | (1) | (0) | (1) | 1 |
| margin % | — | (92142.9) | — | — | 3.2 |
| Owners' profit | (0) | (1) | (0) | 13 | 1 |
| EPS, as reported (₹) | (0.34) | (1.29) | (0.94) | 26.02 | 1.45 |
| ROE % · ROCE % | 0.5 · (11.5) | 1.9 · (85.6) | 0.7 · (33.1) | (60.1) · (3873.8) | (3.5) · 30.0 |
| Debt / equity (x) | (0.01) | 0.00 | 0.00 | (0.98) | (1.11) |
| Cash from operations | (0) | (0) | (0) | 14 | (1) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 1 | 4 | 6 | 13 |
| Profit before tax | (0) | (0) | 14 | (1) | 0 | 0 | 0 | 0 |
| Net profit | (0) | (0) | 14 | (1) | 0 | 0 | 0 | 0 |
| EPS (₹) | (0.12) | (0.13) | 28.44 | (2.18) | 0.11 | 0.38 | 0.04 | 1.03 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.7 | 18.1 | 122 of 200 | 39% |
| ROCE | 30.0 | 2.0 | 3 of 59 | 97% |
| EBITDA margin | 2.6 | 48.6 | 186 of 249 | 25% |
| Profit growth | 130.8 | 7.8 | 56 of 251 | 78% |
| Market cap | 19 | 34 | 167 of 268 | 38% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 20 Oct 2026 · RTA compliance certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 3 Oct 2026 · Trading window closed from October 1 for Q2 results | compliance | minimal | — | — |
| 3 Oct 2026 · 32nd AGM Results: All Resolutions Passed with 100% Approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 32nd AGM proceedings submitted to BSE | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Promoter buys 55,645 shares, holding rises to 60.76% | ownership changes | medium | — | — |
| 10 Sept 2026 · Promoter Rama Swamy Reddy buys 55,645 shares, stake rises to 60.76% | ownership changes | high | — | — |
| 9 Sept 2026 · 32nd Annual Report and AGM Notice for FY 2025-26 filed | compliance | minimal | — | — |
| 9 Sept 2026 · 32nd AGM on Sep 30, 2026; FY26 accounts and director re-appointment | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Board approves draft Board Report, 32nd AGM on September 30, 2026 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board meeting on Sep 7, 2026 to fix 32nd AGM date and appoint scrutinizer | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.