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Marsons

MARSONS NSE
₹151.52 −2.53 (−1.64%)
P/E
59.19
View as Markdown
MCP
Close 4 Nov 2026 ₹151.52 −18.73 −11.0% 1Y
Start ₹170.25

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
24.30%
Debt to Equity
0.00
EPS (TTM)
₹2.56
Book Value
₹9.75
Market Cap
—
P/E (TTM)
59.19
P/B
15.54
ROE
26.20%
Dividend Yield
0.03%
EBITDA
₹44.40 Cr
52W High
₹176.40
52W Low
₹100.25
Day Range
₹148.99 – ₹157.09
Volume
67,30,190

Peer Comparison

Industrials › Capital Goods › Other Electrical Equipment › Heavy Electrical Equipment

Marsons peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Marsons (this company)
₹151.5259.19₹2,680 Cr15.540.03%26.20%24.30%₹247 Cr₹44 Cr
Median 8 companies₹3,236.0070.90₹1,23,040 Cr15.430.21%22.15%28.05%₹11,457 Cr₹1,427 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

50 Average

Data confidence 100/100

surveillance:ASM1

Category scores

Quality
49
Average
Returns, margins, earnings quality 22% weight
Valuation
18
Poor
Cheap vs sector & own history 24% weight
Growth
76
Strong
Sales & profit trajectory 9% weight
Financial Health
91
Strong
Solvency, leverage, coverage 9% weight
Momentum
47
Average
Trend strength, vol-adjusted 12% weight
Ownership
67
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

6
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 85.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
  • Debtor days have improved from 378 to 160 days.

Weaknesses

4
  • Stock is trading at 9.37 times its book value
  • Tax rate seems low
  • Company has high debtors of 160 days.
  • Promoter holding has decreased over last 3 years: -13.1%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1513
OscillatorsBullish153
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
68.80
Neutral
MACD (12,26,9)
6.30
Bullish
SMA (50)
127.10
Bullish
SMA (200)
131.41
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5YZero base
3Y+265.93%
1Y+45.83%
TTM+33.29%

Net profit

Net profit growth by window
10YIrregular period
5YTurned to profit
3Y+148.43%
1Y+64.29%
TTM+43.43%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5YZero base
3YZero base
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5YNo sales
3Y−2.86 pp
1Y+2.26 pp
TTM+2.08 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹100 Cr
Mar 2018₹17.00 Cr
Mar 2019₹0.00 Cr
Mar 2020₹0.00 Cr
Mar 2021₹0.00 Cr
Mar 2022₹2.00 Cr
Mar 2023₹5.00 Cr
Mar 2024₹6.00 Cr
Mar 2025₹168 Cr
Mar 2026₹245 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹10.00 Cr
Mar 2018−₹65.00 Cr
Mar 2019−₹22.00 Cr
Mar 2020−₹3.00 Cr
Mar 2021−₹2.00 Cr
Mar 2022−₹1.00 Cr
Mar 2023₹3.00 Cr
Mar 2024₹1.00 Cr
Mar 2025₹28.00 Cr
Mar 2026₹46.00 Cr

Quarterly Results

₹ Cr
517467 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.23
1.8
0.65
3.77
29.88
38.51
44.17
55.8
47.03
59.8
45.94
92.26
49.26
Expenses
0.5
1.29
0.33
3.17
24.83
32.7
40
45.67
39.72
51.23
39.07
73.24
42.03
Operating Profit
−0.27
0.51
0.32
0.6
5.05
5.81
4.17
10.13
7.31
8.57
6.87
19.02
7.23
OPM %
−117.39%
28.33%
49.23%
15.92%
16.9%
15.09%
9.44%
18.15%
15.54%
14.33%
14.95%
20.62%
14.68%
Other Income
0.01
0.12
0.01
0.03
0.36
1.81
2.37
−1.18
0.99
0.93
0.64
0
0.75
Interest
0
0
0
0
0.03
0.01
0.04
0.06
0.1
0.09
0.8
0.37
0.36
Depreciation
0.17
0.17
0.18
0.18
0.14
0.14
0.18
−0.09
0.17
0.22
0.23
0.14
0.24
PBT
−0.43
0.46
0.15
0.45
5.24
7.47
6.32
8.98
8.03
9.19
6.48
18.5
7.39
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
−22%
19.78%
Net Profit
−0.43
0.45
0.15
0.45
5.24
7.47
6.32
8.99
8.03
9.2
6.48
22.58
5.93
EPS (₹)
−0.03
0.03
0.01
0.03
0.3
0.43
0.37
0.52
0.47
0.53
0.38
1.31
0.34

Profit & Loss

₹ Cr
517467 profit and loss, annual, ₹ crore
Particulars Jun 2015 15mMar 2016 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
72
103
100
17
0
0
0
2
5
6
168
245
247
Expenses
64
90
97
64
20
1
1
2
4
5
143
203
206
Operating Profit
8
13
3
−47
−19
−1
−1
0
1
1
25
42
42
OPM %
11%
12%
2.7%
−283%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
0.6%
23%
18%
15%
17%
17%
Other Income
5
1
1
−8
−1
0
0
0
6
0
3
2
2
Interest
14
8
10
5
0
0
0
0
3
0
0
1
2
Depreciation
4
3
2
5
3
2
2
1
1
1
0
1
1
PBT
−5
3
−8
−65
−23
−3
−2
−1
3
1
28
42
42
Tax %
−1%
−21%
22%
0%
−8%
0%
0%
0%
0%
0%
0%
−10%
—
Net Profit
−5
4
−10
−65
−22
−3
−2
−1
3
1
28
46
44
EPS (₹)
−1.9
1.66
−3.98
−25.9
−8.63
−0.24
−0.18
−0.1
0.26
0.04
1.63
2.69
2.56
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
517467 balance sheet, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
25
25
25
25
12
12
12
12
14
17
17
Reserves
23
27
−8
−72
−94
−9
−11
−13
−9
0
105
200
Borrowings
67
71
76
86
84
22
23
23
15
9
3
1
Other Liabilities
44
102
44
37
23
0
1
1
6
6
27
72
Total Liabilities
160
226
137
76
38
26
25
23
23
30
152
291
Fixed Assets
33
30
29
24
21
19
17
16
13
13
14
65
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
10
37
12
3
0
0
0
0
0
0
37
25
Other Assets
117
158
96
49
17
7
8
7
10
17
101
200
Total Assets
160
226
137
76
38
26
25
23
23
30
152
291

Cash Flow

₹ Cr
517467 cash flow, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−3
27
4
−7
1
−13
0
0
0
−4
−37
2
Investing
−6
−25
−1
1
0
3
0
0
8
0
−36
12
Financing
8
−3
−4
5
−2
10
0
0
−8
4
74
−4
Net Cash Flow
−1
−1
0
0
−1
0
0
0
0
0
1
10
Free Cash Flow
−9
30
4
−7
1
−11
0
0
8
−4
−39
0
CFO/EBITDA
−38
212
159
14
−4
2,089
86
3,400
10
−359
−138
1

Ratios

517467 financial ratios, annual
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
321
372
144
907
—
—
—
1,586
756
827
148
160
Inventory Days
301
313
200
2
—
—
—
78
39
100
42
111
Days Payable
159
537
127
190
—
—
—
965
302
240
71
107
Cash Conversion Cycle
462
147
217
720
—
—
—
700
493
687
120
164
Working Capital Days
359
97
77
−696
—
—
—
1,455
333
75
151
163
ROCE %
8%
—
2%
−77%
−76%
−14%
−9%
−5%
1%
3%
34%
24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Marsons insights

56 extracted metrics across FY16–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 53.65%
  • Others 26.87%
  • Public 18.25%
  • FIIs 1.06%
  • DIIs 0.18%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q3 FY25 concall · Feb 2025
    PPT
  • Q2 FY25 concall · Oct 2024
    PPT

Frequently Asked Questions about Marsons

What does Marsons Ltd do?
Incorporated in 1976, Marsons Ltd is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class
Where is Marsons Ltd (MARSONS) listed?
Marsons Ltd trades as MARSONS on the NSE and under code 517467 on the BSE.
Which sector does Marsons Ltd belong to?
Marsons Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the PE ratio of Marsons Ltd?
Marsons Ltd trades at a PE ratio of 59.19 as of 4 Nov 2026, on earnings per share of ₹2.56, against a book value of ₹9.75 per share.
What is the 52-week high and low of Marsons Ltd?
Over the last 52 weeks Marsons Ltd has traded between ₹100.25 and ₹176.4 as of 4 Nov 2026.
Does Marsons Ltd pay dividends?
Marsons Ltd has a dividend yield of 0.03%.
What is the Return on Equity (ROE) of Marsons Ltd?
Marsons Ltd reported a return on equity of 26.20%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1976, Marsons Ltd is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class

Website marsonsonline.com
Listed 13 Mar 2026
Face Value ₹1

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