Maple Infrastructure Trust share price

Maple Infrastructure Trust's share price was ₹145.00 at the close on 9 October 2026. It has been rising for 13 weeks. That is 15.8% above its average price over the last 200 trading days. There is not enough history yet to compare it with the NIFTY 500.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Maple Infrastructure Trust is in stage 2. The phase helps read everything below.

Since its first close in our records, on 21 November 2025, it has traded between ₹141 and ₹146, and at that close it sat 87% of the way up from that low.

Over the last 11 months the share price moved +0% while the NIFTY 500 moved −9%, so it is ahead of the index over that whole period.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: operating margin down 9 points on a year earlier and revenue up on a year earlier for 5 quarters in a row (every quarter we can compare).

1. Operating margin down 9 points on a year earlier

   58% in the June 2026 quarter, from 67%.

2. Revenue up on a year earlier for 5 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹660 crore, +172.7% on a year earlier.

No. Maple Infrastructure Trust paid out 0% of its profit as dividends in each of its last 8 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate (as of 9 October 2026).

For July to September 2026 (the quarter ended 30 September 2026), Maple Infrastructure Trust reported revenue of ₹620 crore, up 184.4% from ₹218 crore a year earlier, and a loss of ₹58.0 crore.

Maple Infrastructure Trust results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Maple Infrastructure Trust closed at ₹145.00 on 9 October 2026, down 0.4% from ₹145.60 a year earlier (21 November 2025). Its highest weekly close since November 2025 was ₹145.60 on 21 November 2025.

Maple Infrastructure Trust share price: then and now

Weekly closing prices. Each change is the move from that price to the 9 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

14 weekly closes from 21 November 2025 to 9 October 2026.

9 Oct 2026: Maple Infrastructure Trust closed at ₹145.00, up 0.0% on the month. Results for July to September 2026: Revenue up 184.4% on a year earlier.

Maple Infrastructure Trust is not on any of our India lists this week.

Maple Infrastructure Trust posted a net loss of ₹58.0 Cr in the Sep 2026 quarter. The full FY26 year was a loss of ₹118 Cr. That loss is 9.4% of the quarter's revenue. The same quarter a year earlier lost ₹19.0 Cr. 10 of the last 10 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Maple Infrastructure Trust reported ₹620 Cr of revenue in the Sep 2026 quarter, +184.4% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 7 years it has grown 33.5% a year on average. The last full year, FY26, came in at ₹1,585 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,434 Cr.

FY26 revenue was ₹1,585 Cr, +101.1% on the year before.

Recent pace: the last four quarters grew +169.7% on average, against 33.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Maple Infrastructure Trust's operating margin was 58.0% in the Sep 2026 quarter, 13.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 50.0% and 81.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −12.9 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Maple Infrastructure Trust's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in ₹851 Cr of operating cash against −₹118 Cr of profit. After ₹7,296 Cr of spending on assets, free cash was −₹6,445 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: the bigger use of cash is spending on new assets, at 7.3× depreciation over three years. The next section checks what that spending is building.

Maple Infrastructure Trust's cash cycle, the days between paying suppliers and getting paid by customers, was 7 days in FY26, up from 0 days in FY20. It spent ₹7,308 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,585 Cr, each day of that cycle ties up about ₹4.3 Cr, so roughly ₹30.0 Cr is tied up in the business at any time.

Spending on assets: ₹7,308 Cr over the last 3 years, against ₹995 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Maple Infrastructure Trust has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Maple Infrastructure Trust at 6.3× its FY26 revenue of ₹1,585 Cr. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Maple Infrastructure Trust's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Maple Infrastructure Trust earned a ROCE of 5% in FY26. That is up from a low of 0% in FY22. Its return on capital used (ROIC) is 7.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a −7.4% net margin and 0.10× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a −7.4% net margin × 0.10× asset turnover × 3.41× leverage (assets divided by equity) ≈ −2.5% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 4.6% − 12.0% = −7.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Maple Infrastructure Trust had ₹7,358 Cr of borrowings against ₹4,473 Cr of equity in FY26, so its debt is 1.64× its equity. Its operating profit is 2 times its interest bill. Over 5 years borrowings went from ₹1,210 Cr to ₹7,358 Cr. Over the last 3 of those years it spent ₹7,308 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

Only one quarter of Maple Infrastructure Trust's shareholding is on file so far, so there is no change to read yet. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For Maple Infrastructure Trust, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

50.9 out of 100, rank 6 of 12 in Infra/Real Estate Investment Trust, with 27% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Maple Infrastructure Trust scores 50.9 out of 100 against the 12 companies it is compared with in Infra/Real Estate Investment Trust, ranking 6. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 26.6 + 12.8 + 11.5 = 50.9 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Maple Infrastructure Trust ranks 6 of 12 Infra/Real Estate Investment Trust companies on the 4-Factor Sector Score, with 50.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Infra/Real Estate Investment Trust, all 12 compared on one page.

Maple Infrastructure Trust is the 4th largest of 11 Infra/Real Estate Investment Trust companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Knowledge Realty Trust, Bagmane Prime Office REIT and Vertis Infrastructure Trust. Just below it: Indus Infra Trust, Citius Transnet Investment Trust and Nxt-Infra Trust.

Infra/Real Estate Investment Trust companies close in size

1. Knowledge Realty Trust ₹48,468 crore
2. Bagmane Prime Office REIT ₹35,901 crore
3. Vertis Infrastructure Trust ₹17,365 crore
4. Maple Infrastructure Trust ₹9,981 crore
5. Indus Infra Trust ₹8,149 crore
6. Citius Transnet Investment Trust ₹6,864 crore
7. Nxt-Infra Trust ₹5,272 crore

All 11 Infra/Real Estate Investment Trust companies, largest first

Companies close in size in other industries

580. Paras Defence and Space Technologies Ltd ₹10,071 crore · Aerospace & Defence - Equipments
581. Westlife Foodworld Ltd ₹10,053 crore · Quick Service Restaurant - QSR
582. Maple Infrastructure Trust ₹9,981 crore
583. Welspun Enterprises Ltd ₹9,973 crore · Water Treatment
584. Vedanta Iron & Steel Ltd ₹9,971 crore

Sector Alpha, written by code from the published numbers. Data as of 9 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.