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Oct 16, 2010

Marg Projects and infrastructure - 513648

 

 

Name of Company

Marg Projects and infrastructure

BSE Code

513648

NSE Code

Not listed

ICICI Code

Established

1993

My Take

Dislike

Headquarters

Chennai

Promoters

GRK Reddy, VP Rajni Reddy, G Raghava Reddy(promoters of Marg Group)

Story

Started in 1993 and changed name from Marg holdings and financial services.

Sector

Construction

Sub-sector

Construction and real-estate

Website

http://www.margprojects.com

Positives

Shows zero loan on books, near 52 week low. 54% promoter holding with no pledged. Exponential growth in revenue and profit.

Negatives

No knowledge of what this company is doing. Bad website, no major public shareholders. Even Marg Ltd – the other listed entity is overly values and shares have been pledged.

Peers

News

Price @ blogged

40 (12-Oct-10)

Cost of company

23 Cr for a 2.66 Cr profit making company makes good sense. But looking at the wavering profits and revenues –unbelievable company – we need to see the way forward.

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