---
title: "Marushika Technology (761045) — Share Price, Financials & Analysis"
symbol: "761045"
company: "Marushika Technology"
canonical: "https://tapetide.com/stocks/761045"
isin: "INE0X7G01013"
nse_symbol: "MARUSHIKA"
sector: "Information Technology"
industry: "IT - Hardware"
market_cap_cr: 99.03
generated_at: "2026-09-13T19:57:11.135Z"
---

# Marushika Technology (761045)

Canonical page: https://tapetide.com/stocks/761045

## Company

- **NSE Symbol:** MARUSHIKA
- **ISIN:** INE0X7G01013
- **Sector:** Information Technology
- **Industry:** IT - Hardware
- **Stock Type:** EQUITY
- **Listed Since:** 2026-02-19
- **F&O Eligible:** No

## Latest Price

- **Price:** ₹119.95
- **Change:** +0.25 (+0.21%)
- **Open:** ₹116
- **Day High:** ₹120
- **Day Low:** ₹116
- **Previous Close:** ₹119.7
- **Volume:** 28800
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:49.564740Z.

- **Market Cap:** ₹99.03 Cr
- **Classification:** SME
- **P/E (reported):** 11.4
- **Book Value:** ₹55.39
- **Price to Book:** 2.16
- **Dividend Yield:** 0%
- **ROE:** 40.89%
- **ROCE:** 59.9%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹116.43 Cr
- **Net Income:** ₹9.02 Cr
- **EBITDA:** ₹15.94 Cr
- **52-Week High:** ₹123
- **52-Week Low:** ₹78.1
- **RSI (14):** 69.25

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 115.67% | -91.57% | 139.68% |
| ebitda margin growth | 5.07% | 31.67% | — |
| net income growth | 43.17% | 185% | — |
| revenue growth | 36.02% | 47% | — |
| roce | 2.45% | 2.45% | — |
| roe | 10.01% | 39.03% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2026 |
| --- | --- |
| Sales | 68 |
| Expenses | 57 |
| Operating Profit | 10 |
| OPM % | 15 |
| Other Income | 0 |
| Interest | 1 |
| Depreciation | 0 |
| Profit before tax | 8 |
| Tax % | 30 |
| Net Profit | 6 |
| EPS in Rs | 6.93 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 37 | 54 | 85 | 116 |
| Expenses | 35 | 49 | 74 | 100 |
| Operating Profit | 2 | 6 | 11 | 16 |
| OPM % | 6 | 10 | 13 | 14 |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 3 | 9 | 13 |
| Tax % | 27 | 27 | 25 | 29 |
| Net Profit | 0 | 2 | 6 | 9 |
| EPS in Rs | 5.12 | 28.68 | 10.33 | 10.58 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.78 | 0.87 | 6 | 9 |
| Reserves | 3 | 7 | 9 | 39 |
| Borrowings | 10 | 20 | 21 | 7 |
| Other Liabilities | 17 | 19 | 17 | 32 |
| Total Liabilities | 30 | 46 | 53 | 87 |
| Fixed Assets | 1 | 2 | 2 | 6 |
| CWIP | 0 | 0 | 2 | 3 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 29 | 45 | 50 | 78 |
| Total Assets | 30 | 46 | 53 | 87 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3 | -7 | 1 | 2 |
| Cash from Investing Activity | -1 | 0 | -3 | -6 |
| Cash from Financing Activity | 4 | 9 | 0 | 6 |
| Net Cash Flow | 1 | 2 | -2 | 1 |
| Free Cash Flow | -3 | -7 | -1 | -4 |
| CFO/OP | -131 | -114 | 19 | 12 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 238 | 252 | 171 | 181 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 238 | 252 | 171 | 181 |
| Working Capital Days | 23 | 25 | 46 | 112 |
| ROCE % | — | 27 | 34 | 34 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 79.71% | 58.19% |
| FIIs | 0% | 6.17% |
| DIIs | 0% | 7.6% |
| Government | 0% | 0% |
| Public | 0% | 21.1% |
| Others | 20.29% | 6.94% |
| No. of Shareholders | 28 | 213 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 4 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 113.87 | Buy |
| EMA (10) | 114.72 | Buy |
| SMA (20) | 112.93 | Buy |
| EMA (20) | 111.5 | Buy |
| SMA (50) | 101.11 | Buy |
| EMA (50) | 104.93 | Buy |
| SMA (100) | 97.69 | Buy |
| EMA (100) | 98.9 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 69.51 | Neutral |
| MACD (12,26,9) | 4.31 | Buy |
| Stochastic (14,3,3) | 92.93 | Sell |
| ADX (14) | 31.1 | Buy |
| Williams %R (14) | -2.55 | Sell |
| ATR (14) | 4.36 | High Volatility |
| ROC (12) | 8.06 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 74.55 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Marushika Technology Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 9 April 2026 - Marushika Technology Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_bbodade_08042026153008_MARUSHIKA.pdf) |
| 8 May 2026 - ROC Delhi imposed Rs.53,400 penalty on company and Rs.50,000 each on two officers for AOC-4 CFS default. | [Action(s) initiated or orders passed 8 May 2026 - ROC Delhi imposed Rs.53,400 penalty on company and Rs.50,000 each on two officers for AOC-4 CFS default.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_08052026174113_Disclosure_under_regulation_30_Signed.pdf) |
| 8 April 2026 - Newspaper advertisement published on April 8, 2026 for postal ballot notice and remote e-voting. | [Copy of Newspaper Publication 8 April 2026 - Newspaper advertisement published on April 8, 2026 for postal ballot notice and remote e-voting.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_08042026114054_Intimation_newpaper_publication_signed.pdf) |
| 7 July 2026 - Non-applicability certificate for corporate governance filed for quarter ended June 30, 2026. | [General Updates 7 July 2026 - Non-applicability certificate for corporate governance filed for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_07072026114000_Non-applicability_Certificate_of_27_2__Signed.pdf) |
| 5 June 2026 - Newspaper ads published for INC-26 objections on shifting registered office within Delhi to RoC Delhi-II. | [Copy of Newspaper Publication 5 June 2026 - Newspaper ads published for INC-26 objections on shifting registered office within Delhi to RoC Delhi-II.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_05062026135429_Intimation_Ad_published_Signed.pdf) |
| 4 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 4 July 2026 - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_04072026155239_REg_74_Signed.pdf) |
| 30 April 2026 - Marushika files corporate governance non-applicability certificate for FY ended March 31, 2026. | [General Updates 30 April 2026 - Marushika files corporate governance non-applicability certificate for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_30042026130028_Non_applicability_certificate_of_27_2__Signed.pdf) |
| 29 April 2026 - Marushika Technology received ₹45.06 crore comprehensive AMC order from HFCL, executable till 31-01-2031. | [Bagging/Receiving of orders/contracts 29 April 2026 - Marushika Technology received ₹45.06 crore comprehensive AMC order from HFCL, executable till 31-01-2031.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_29042026121428_Intimation_Reg_30_f_purchase_order_Signed.pdf) |
| 28 May 2026 - Marushika Technology held FY26 earnings call; revenue rose 36.6% to ₹116.43 crore and PAT to ₹8.95 crore. | [Analysts/Institutional Investor Meet/Con. Call Updates 28 May 2026 - Marushika Technology held FY26 earnings call; revenue rose 36.6% to ₹116.43 crore and PAT to ₹8.95 crore.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_28052026135237_Transcript_of_CON_Call_25-05-2026_final_signed.pdf) |
| 25 May 2026 - Marushika released FY26 investor presentation showing 36.6% revenue growth and H2 project, order, partnership updates. | [Investor Presentation 25 May 2026 - Marushika released FY26 investor presentation showing 36.6% revenue growth and H2 project, order, partnership updates.](https://nsearchives.nseindia.com/corporate/MARUSHIKA_25052026105922_Investor_Presentation_March-2026_signed.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:11.135Z.