Marsons
MARSONS NSE
Marsons
Capital GoodsNSE: MARSONS BSE: 517467 Other Electrical Equipment
Key Fundamentals
MicrocapOther Electrical EquipmentCapital GoodsMarket Cap
₹2,119 Cr
Volatility
Moderate
P/E Ratio
49.7
EBITDA
₹42.33 Cr
Return on Equity
22.87%
Debt to Equity
0
Book Value
₹12.64
52W High
₹175.4
52W Low
₹100.25
Tapetide Score
Data-driven rating, 0–100. How it works →
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 86.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
- Debtor days have improved from 378 to 160 days.
Weaknesses
4- Stock is trading at 10.1 times its book value
- Tax rate seems low
- Company has high debtors of 160 days.
- Promoter holding has decreased over last 3 years: -13.2%
Growth Rate
Revenue Growth
42.86% lower than
3Y
Net Income Growth
50.89% lower than
3Y
Cash Flow Change
-734%
ROE
417% higher than
3Y
ROCE
418% higher than
3Y
EBITDA Margin (Avg.)
2.82% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 | -0.01 | 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 | 7.38 |
| 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 in Rs | -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
| Particulars | Jun 2015 15m | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | -5506% | — | -176% | 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 in Rs | -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% | 2% | — |
Balance Sheet
| Particulars | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 25 |
| Investments | 10 | 37 | 12 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 37 | 0 |
| 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
| Particulars | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -3 | 27 | 4 | -7 | 1 | -13 | 0 | 0 | 0 | -4 | -35 | 2 |
| Investing | -6 | -25 | -1 | 1 | 0 | 3 | 0 | 0 | 8 | 0 | -38 | 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 | -37 | 0 |
| CFO/OP | -38 | 212 | 159 | 14 | -4 | 2,089 | 86 | 3,400 | 10 | -359 | -131 | 1 |
Ratios
| Particulars | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 321 | 372 | 144 | 907 | 10,126 | — | 7,864 | 1,586 | 756 | 827 | 148 | 160 |
| Inventory Days | 301 | 313 | 200 | 2 | 0 | — | — | 78 | 39 | 100 | 42 | 111 |
| Days Payable | 159 | 537 | 127 | 190 | — | — | — | 965 | 302 | 240 | 71 | 107 |
| Cash Conversion Cycle | 462 | 147 | 217 | 720 | 10,126 | — | 7,864 | 700 | 493 | 687 | 120 | 164 |
| Working Capital Days | 359 | 97 | 77 | -696 | -51,382 | — | 7,499 | 1,455 | 333 | 75 | 151 | 163 |
| ROCE % | 8% | — | 2% | -77% | -76% | -14% | -9% | -5% | 1% | 3% | 34% | 25% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Marsons insights
39 extracted metrics + investor summaries across FY16–FY26.
Documents
2
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
8 May - Marsons received ₹18.88 crore order from Ram Taranga Solutions for 100/125 MVA transformers. 8 May - Marsons received ₹18.88 crore order from Ram Taranga Solutions for 100/125 MVA transformers.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Marsons Ltd says it is not a Large Corporate; outstanding borrowing was Rs. 25.52 crore as of 31 March 2026. 30 Apr - Marsons Ltd says it is not a Large Corporate; outstanding borrowing was Rs. 25.52 crore as of 31 March 2026.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Marsons Ltd says it is not a Large Corporate; outstanding borrowing was Rs. 25.52 crore as of 31 March 2026. 30 Apr - Marsons Ltd says it is not a Large Corporate; outstanding borrowing was Rs. 25.52 crore as of 31 March 2026.
5
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17 Apr - Marsons received ₹15.38 crore purchase orders from Inox Solar for 3.15, 3.5 and 35 MVA transformers. 17 Apr - Marsons received ₹15.38 crore purchase orders from Inox Solar for 3.15, 3.5 and 35 MVA transformers.
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[1]
Where is Marsons Ltd (517467) 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 market capitalisation of Marsons Ltd?
Marsons Ltd has a market capitalisation of ₹2,119 Cr, which places it in the Small Cap band.
What is the PE ratio of Marsons Ltd?
Marsons Ltd trades at a PE ratio of 49.70, against a book value of ₹12.64 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 ₹175.4.
Does Marsons Ltd pay dividends?
Marsons Ltd has a dividend yield of 0.04%.
What is the Return on Equity (ROE) of Marsons Ltd?
Marsons Ltd reported a return on equity of 22.87%. 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[1]
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