---
title: "Marshall Machines Ltd (MARSHALL_PRYSM) — Share Price, Financials & Analysis"
symbol: "MARSHALL_PRYSM"
company: "Marshall Machines Ltd"
canonical: "https://tapetide.com/stocks/MARSHALL_PRYSM"
isin: "INE00SZ01018"
nse_symbol: "MARSHALL"
sector: "Industrials"
industry: "Industrial Manufacturing"
generated_at: "2026-09-13T18:24:18.816Z"
---

# Marshall Machines Ltd (MARSHALL_PRYSM)

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

## Company

- **NSE Symbol:** MARSHALL
- **ISIN:** INE00SZ01018
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2018-09-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** marshallcnc.com

## About

Incorporated in 1994, Marshall Machines Ltd is in the business of developing, manufacturing, and marketing Machine Tool Equipment[1]

## Latest Price

- **Price:** ₹3.64
- **Change:** 0 (0%)
- **Open:** ₹3.8
- **Day High:** ₹3.95
- **Day Low:** ₹3.64
- **Previous Close:** ₹3.64
- **Volume:** 0
- **As Of:** 2025-12-29T09:45:23+00:00

## Key Insights

### Strengths

- Stock is trading at 0.11 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -15.6% over past five years.
- Company has a low return on equity of -10.4% over last 3 years.
- Company has high debtors of 461 days.
- Working capital days have increased from 134 days to 374 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -8% | — | — |
| revenue growth | -31% | -25% | -16% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.5 | 9.29 | 24.38 | 6.79 | 8.4 | 7.14 | 12.18 | 10.66 | 1.79 | 9.99 | 5.52 | 9.14 |
| Expenses | 11.81 | 10 | 18.98 | 7.69 | 7.93 | 7.33 | 12.97 | 9.4 | 2.74 | 8.4 | 6.28 | 9.58 |
| Operating Profit | 0.69 | -0.71 | 5.4 | -0.9 | 0.47 | -0.19 | -0.79 | 1.26 | -0.95 | 1.59 | -0.76 | -0.44 |
| OPM % | 5.52 | -7.64 | 22.15 | -13.25 | 5.6 | -2.66 | -6.49 | 11.82 | -53.07 | 15.92 | -13.77 | -4.81 |
| Other Income | 0.03 | 0.03 | 0.04 | 0.08 | 1.13 | 1.28 | 0.01 | 0.02 | 0.05 | 0 | 0.37 | 0.04 |
| Interest | 1.08 | 1.31 | 1.12 | 1 | 1.08 | 1.07 | 1.27 | 1.25 | 1.36 | 0.9 | 0.31 | 0.73 |
| Depreciation | 1.62 | 1.62 | 1.43 | 1.58 | 1.44 | 1.44 | 1.42 | 1.23 | 1.25 | 1.25 | 1.2 | 1.11 |
| Profit before tax | -1.98 | -3.61 | 2.89 | -3.4 | -0.92 | -1.42 | -3.47 | -1.2 | -3.51 | -0.56 | -1.9 | -2.24 |
| Tax % | -28.28 | -14.4 | 25.26 | -25.59 | -25 | -25.35 | -23.92 | -13.33 | -25.07 | -23.21 | -31.58 | -34.82 |
| Net Profit | -1.42 | -3.08 | 2.16 | -2.52 | -0.69 | -1.06 | -2.64 | -1.03 | -2.63 | -0.43 | -1.31 | -1.46 |
| EPS in Rs | -0.57 | -1.25 | 0.87 | -1.02 | -0.28 | -0.43 | -1.07 | -0.42 | -1.1 | -0.18 | -0.55 | -0.61 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 43.8 | 50.18 | 59.35 | 65.23 | 59.56 | 66.83 | 60.33 | 34.5 | 27.93 | 26.44 |
| Expenses | 38.33 | 44.02 | 46.54 | 50.02 | 43.74 | 57.42 | 53.44 | 35.91 | 26.78 | 27 |
| Operating Profit | 5.47 | 6.16 | 12.81 | 15.21 | 15.82 | 9.41 | 6.89 | -1.41 | 1.15 | -0.56 |
| OPM % | 12.49 | 12.28 | 21.58 | 23.32 | 26.56 | 14.08 | 11.42 | -4.09 | 4.12 | -2.12 |
| Other Income | 0.11 | 0.35 | 0.07 | 0.23 | 0.8 | 0.11 | 0.14 | 2.5 | 0.44 | 0.46 |
| Interest | 3.62 | 3.11 | 3.22 | 3.71 | 4.4 | 3.81 | 4.46 | 4.41 | 3.83 | 3.3 |
| Depreciation | 1.23 | 1.6 | 2.2 | 3.73 | 8.1 | 5.12 | 6.27 | 5.87 | 4.94 | 4.81 |
| Profit before tax | 0.73 | 1.8 | 7.46 | 8 | 4.12 | 0.59 | -3.7 | -9.19 | -7.18 | -8.21 |
| Tax % | 43.84 | 38.33 | 32.98 | 27.88 | 27.91 | 37.29 | -15.14 | -24.92 | -24.65 | — |
| Net Profit | 0.42 | 1.1 | 5.01 | 5.77 | 2.97 | 0.36 | -3.14 | -6.9 | -5.4 | -5.83 |
| EPS in Rs | 1.35 | 3.55 | 13.92 | 2.34 | 1.2 | 0.15 | -1.27 | -2.79 | -2.26 | -2.44 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.81 | 1.81 | 1.81 | 2.14 | 14.55 | 14.55 | 14.55 | 14.55 | 14.55 | 23.9 |
| Reserves | 6.53 | 6.94 | 8.05 | 15.69 | 23.96 | 26.72 | 34.5 | 31.43 | 24.98 | 52.12 |
| Borrowings | 24.68 | 26.06 | 23.85 | 28.92 | 34.2 | 36.65 | 40.63 | 40.18 | 45.25 | 38.4 |
| Other Liabilities | 13.44 | 24.58 | 31.32 | 32.9 | 35.06 | 43.2 | 43.1 | 49.18 | 56.51 | 41.9 |
| Total Liabilities | 46.46 | 59.39 | 65.03 | 79.65 | 107.77 | 121.12 | 132.78 | 135.34 | 141.29 | 156.32 |
| Fixed Assets | 10.32 | 11.47 | 14.99 | 22.79 | 46.39 | 38.8 | 68.29 | 62.48 | 57.49 | 60.46 |
| CWIP | 2.97 | 1.01 | 1.01 | 0 | 0 | 14.11 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 33.17 | 46.91 | 49.03 | 56.86 | 61.38 | 68.21 | 64.49 | 72.86 | 83.8 | 95.86 |
| Total Assets | 46.46 | 59.39 | 65.03 | 79.65 | 107.77 | 121.12 | 132.78 | 135.34 | 141.29 | 156.32 |

### Cash Flow

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

| Item | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 7.08 | 10.87 | 5.19 | 13.6 | 11.79 | 11.34 | 4.78 | -0.33 | -12.48 |
| Cash from Investing Activity | 0 | -1.05 | -5.09 | -8.92 | -27.26 | -14.51 | -10.36 | -0.37 | -0.33 | -18.66 |
| Cash from Financing Activity | 0 | -5.4 | -5.17 | 5.06 | 13.95 | 3 | -1.76 | -4.77 | 0.7 | 31.25 |
| Net Cash Flow | 0 | 0.63 | 0.61 | 1.32 | 0.29 | 0.29 | -0.78 | -0.37 | 0.04 | 0.11 |
| Free Cash Flow | 0 | 6.01 | 5.74 | -3.79 | -13.73 | -2.83 | 0.87 | 4.32 | -0.73 | -31.21 |
| CFO/OP | 0 | 136 | 185 | 37 | 76 | 65 | 121 | 71 | 21 | -1021 |

### Ratios

| Item | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 38.95 | 39.33 | 59.86 | 70.23 | 69.11 | 86.04 | 63.79 | 108.9 | 300.46 | 461.05 |
| Inventory Days | — | 450.4 | 394.66 | 312.88 | 374.48 | 555.08 | 378.47 | 485.35 | 667.09 | 818.8 |
| Days Payable | — | 167.69 | 197.6 | 150.23 | 150.88 | 241.72 | 166.27 | 239.74 | 505.12 | 645.43 |
| Cash Conversion Cycle | 38.95 | 322.04 | 256.92 | 232.88 | 292.7 | 399.4 | 276 | 354.51 | 462.44 | 634.42 |
| Working Capital Days | 207.88 | 40.58 | 6.4 | 6.46 | 13.43 | 19.18 | -7.26 | 6.84 | 20.21 | 373.63 |
| ROCE % | 5.73 | — | 14.33 | 26.55 | 19.49 | 11.31 | 5.24 | 0.86 | -5.59 | -3.39 |

## Shareholding Pattern

### annual

| Category | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.39% | 73.39% | 73.39% | 66.99% | 52.01% | 28.89% | 28.89% |
| DIIs | 0.56% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.05% | 26.61% | 26.61% | 33.02% | 47.99% | 71.11% | 71.11% |
| No. of Shareholders | 335 | 320 | 417 | 3952 | 5267 | 7593 | 7919 |

### Quarterly

| Category | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.55% | 66.99% | 66.99% | 60% | 60% | 52.01% | 52.01% | 47.34% | 28.89% | 28.89% | 28.89% | 28.89% |
| FIIs | 0% | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 32.46% | 33.02% | 33.01% | 40% | 40% | 47.99% | 47.99% | 52.66% | 71.11% | 71.11% | 71.11% | 71.11% |
| No. of Shareholders | 4074 | 3952 | 4205 | 5864 | 5616 | 5267 | 4506 | 5080 | 6201 | 7593 | 7357 | 7919 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 2 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 74.58 | Sell |
| EMA (10) | 71.59 | Sell |
| SMA (20) | 67.5 | Buy |
| EMA (20) | 62.54 | Buy |
| SMA (50) | 29.26 | Buy |
| EMA (50) | 40.19 | Buy |
| SMA (100) | 16.96 | Buy |
| EMA (100) | 26.18 | Buy |
| SMA (200) | 13.37 | Buy |
| EMA (200) | 19.97 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 73.17 | Sell |
| MACD (12,26,9) | 13.61 | Sell |
| Stochastic (14,3,3) | 4.49 | Buy |
| ADX (14) | 75.06 | Buy |
| Williams %R (14) | -86.52 | Buy |
| ATR (14) | 2.74 | High Volatility |
| ROC (12) | -4.07 | Sell |
| Stoch RSI (14) | 4.48 | Buy |
| UO (7,14,28) | 35.51 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-05-05 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_05052026170940_NSEIntimation.pdf) |
| 2026-04-15 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_15042026182216_SE_Intimation_15042026.pdf) |
| 2026-04-08 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_08042026145549_NSE_INITMATION_FOR_6th_MEETING_AFTER_EVOTING.pdf) |
| 2026-03-19 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_19032026174959_NSEIntimation19032026.pdf) |
| 2026-03-02 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_02032026174348_NSE_INITMATION_FOR_MEETING1.pdf) |
| 2026-02-23 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_23022026160710_NSE_letter3.pdf) |
| 2026-01-21 | [Corporate Insolvency Resolution Process](https://nsearchives.nseindia.com/corporate/MARSHALL_21012026173902_Reg30_Intimation_to_SEs.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 11 September 2025 - NCLT ordered CIRP for Marshall Machines Limited on 29 Aug 2025; claims due 15 Sep 2025. | [Corporate Insolvency Resolution Process 11 September 2025 - NCLT ordered CIRP for Marshall Machines Limited on 29 Aug 2025; claims due 15 Sep 2025.](https://nsearchives.nseindia.com/corporate/MARSHALL_11092025183802_PA_MERGE.pdf) |
| 11 September 2025 - NCLT (29.08.2025) held Uno Minda's Section 9 petition against Marshall Machines; default Rs1,54,39,636. | [Corporate Insolvency Resolution Process 11 September 2025 - NCLT (29.08.2025) held Uno Minda's Section 9 petition against Marshall Machines; default Rs1,54,39,636.](https://nsearchives.nseindia.com/corporate/MARSHALL_11092025143953_Certified_copy_of_CIRP_order_Marshall.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24904_MARSHALL_2023_2024_10082024175534.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23259_MARSHALL_2022_2023_02092023132931_09022023140003.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21278_MARSHALL_2021_2022_03092022221911.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19023_MARSHALL_2020_2021_30082021153008_08302021160015.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17864_MARSHALL_2019_2020_30112020113252_01122020170130.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16218_MARSHALL_2018_2019_18032020111044_18032020120003.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2021 | [Concall - Nov 2021](https://archives.nseindia.com/corporate/MARSHALL_15112021184057_H1FY22_Marshall_Investor_Presentation_v2.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://archives.nseindia.com/corporate/MARSHALL_15062023121116_Concall_Marshall_Machines_13062023.pdf) |
| Jul 2022 | [Concall - Jul 2022](https://archives.nseindia.com/corporate/MARSHALL_06072022190151_Q4FY22MarshallInvestorPresentation.pdf) |
| Jul 2021 | [Concall - Jul 2021](https://archives.nseindia.com/corporate/MARSHALL_10072021092613_Marshall_Investor_Presentation_July2021.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://archives.nseindia.com/corporate/MARSHALL_16022022091857_Q3FY22_Marshall_Investor_Presentation.pdf) |
| Aug 2022 | [Concall - Aug 2022](https://archives.nseindia.com/corporate/MARSHALL_15082022173039_Q1FY23MarshallInvestorPresentation_.pdf) |

---

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 2026-09-13T18:24:18.816Z.