Marsons Limited
NSE: MARSONSHeavy Electrical Equipment
Share price
₹131.11
+3.41% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
56
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,229 Cr
P/E ratio
50.4
P/B ratio
10.4
ROCE
24.4%
ROE
26.5%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Jun 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Jun 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Marsons Limited — this one | — | 50.4× | — |
| Bharat Heavy Electricals | 36%/yr | 62.0× | ₹1.7 |
| ABB India | — | 92.4× | — |
| Hitachi Energy India Limited | 122%/yr | 119.9× | — |
| CG Power and Industrial Solutions Limited | 10%/yr | 105.9× | ₹10.6 |
| Siemens India | 23%/yr | 85.0× | ₹3.7 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 17 of 36 on returns, 1 of 31 on growth, 16 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 24.4% on capital, ahead of 53% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹45 crore of cash before any plant spend, funded from shareholders — borrowings did not rise. It has not made a profit over 9 years.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue rose 4.8% year on year while profit fell 25.9%.
Announced 13 Aug 2026 · Consolidated · Unaudited
Revenue
₹49 Cr
Revenue vs last year
+4.8%
Revenue vs last quarter
-47.0%
Net profit
₹6 Cr
Profit vs last year
-25.9%
Profit vs last quarter
-74.2%
Net margin
12.0%
EPS
₹0.34
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,229 Cr
- Prev close
- ₹131.11
- 52w High
- ₹183
- 52w Low
- ₹100
- Enterprise value
- ₹2,219 Cr
- Beta
- 1.2
- Price CAGR 1y
- -27.0%
- Price CAGR 3y
- 180.0%
- Price CAGR 5y
- 61.0%
- Price CAGR 10y
- 23.0%
Ratios
- Return on assets
- 15.8%
- PEG ratio
- —
- P/E ratio
- 50.4
- P/B ratio
- 10.4
- EV / EBITDA
- 53.2
- Industry P/E
- 48.8
- ROCE
- 24.4%
- ROCE 5y average
- -33.0%
- ROE
- 26.5%
- Debt / Equity
- 0.0
- Interest coverage
- 43.0
- Dividend yield
- 0.0%
- ROE 3y average
- 28.0%
- ROE last year
- 26.0%
Annual P&L
- Annual revenue
- ₹245 Cr
- Annual profit
- ₹46 Cr
- Operating margin
- 17.0%
- Net profit margin
- 18.8%
- EBITDA margin
- 17.1%
- Sales growth 3y
- —
- Sales growth 5y
- 19.6%
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹2.7
- Sales growth TTM
- 34.0%
- Profit growth TTM
- 43.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹49 Cr
- Profit latest quarter
- ₹6 Cr
- YoY quarterly sales growth
- 4.7%
- YoY quarterly profit growth
- -26.2%
- OPM latest quarter
- 14.7%
Balance Sheet
- Book Value
- ₹12.8
- Face Value
- ₹1.0
- Total debt
- ₹1 Cr
- Total cash
- ₹11 Cr
- Borrowings
- ₹1 Cr
- Reserves / Equity
- 11.8
Cash Flow
- Operating cash flow
- ₹2 Cr
- Free cash flow
- -₹37 Cr
- FCF yield
- -1.7%
- Net cash flow
- ₹10 Cr
Shareholding
- Promoter holding
- 53.6%
- FII holding
- 1.1%
- DII holding
- 0.2%
- Public holding
- 45.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| B H E L | 445.60 | 63.8 | 1,55,161 | 0.31 | 376.7 | 182.7 | 7,697.7 | 40.3 | 9.1 |
| A B B | 6,948.00 | 95.5 | 1,47,234 | 0.57 | 362.3 | 8.0 | 3,558.9 | 21.0 | 29.9 |
| Hitachi Energy | 31,430.00 | 117.6 | 1,40,091 | 0.03 | 294.2 | 123.5 | 2,493.7 | 68.6 | 29.4 |
| CG Power & Ind | 882.10 | 109.2 | 1,38,972 | 0.15 | 308.3 | 16.3 | 3,280.8 | 14.0 | 26.7 |
| Siemens | 3,741.20 | 88.6 | 1,33,232 | 0.48 | 2,143.1 | -18.6 | 4,713.7 | 14.8 | 21.4 |
| Siemens Ener.Ind | 3,323.75 | 77.5 | 1,18,366 | 0.12 | 440.9 | 67.8 | 2,485.6 | 39.3 | 67.8 |
| GE Vernova T&D | 4,251.00 | 80.6 | 1,08,847 | 0.23 | 363.0 | 24.6 | 1,836.1 | 38.0 | 77.4 |
| Marsons | 131.20 | 51.0 | 2,258 | 0.04 | 5.9 | -26.1 | 49.3 | 4.7 | 24.4 |
| Median | 445.60 | 33.2 | 6,007 | 0.04 | 41.2 | 15.5 | 466.3 | 20.1 | 23.5 |
Competes with: ABB India, Apar Industries Limited, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, Emmvee Photovoltaic Power Limited, Fujiyama Power Systems Limited, GE Vernova T&D India Limited, Genus Power Infrastructures Limited, Hitachi Energy India Limited, Premier Energies Limited, Siemens Energy India Limited, Siemens India, Vikram Solar Limited, Waaree Energies Limited, Waaree Renewable Technologies Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Dec 2018 | Mar 2019 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0.65 | 3.77 | 30 | 39 | 44 | 56 | 47 | 60 | 46 | 93 | 49 |
| Expenses | 0 | 0.68 | 0.33 | 3.17 | 25 | 33 | 40 | 46 | 40 | 51 | 39 | 74 | 42 |
| Material Cost | 70 | 47 | |||||||||||
| Change in Inventories | -3.02 | -7.04 | |||||||||||
| Purchases of Stock-in-Trade | 0.33 | 0 | |||||||||||
| Employee Cost | 0.95 | 0.80 | |||||||||||
| Other Expenses | 5.18 | 1.55 | |||||||||||
| Operating Profit | 0 | -0.68 | 0.32 | 0.60 | 5.05 | 5.81 | 4.17 | 10 | 7.31 | 8.57 | 6.87 | 19 | 7.23 |
| OPM % | 49 | 16 | 17 | 15 | 9.44 | 18 | 16 | 14 | 15 | 21 | 15 | ||
| Other Income | 0.79 | 0 | 0.01 | 0.03 | 0.36 | 1.81 | 2.37 | -1.18 | 0.99 | 0.93 | 0.64 | -0.01 | 0.75 |
| Exceptional items (within Other Income) | -0.01 | 0 | |||||||||||
| Interest | 0 | 0 | 0 | 0 | 0.03 | 0.01 | 0.04 | 0.06 | 0.10 | 0.09 | 0.80 | 0.37 | 0.36 |
| Depreciation | 0 | 0.77 | 0.18 | 0.18 | 0.14 | 0.14 | 0.18 | -0.09 | 0.17 | 0.22 | 0.23 | 0.14 | 0.24 |
| Profit before tax | 0.79 | -1.45 | 0.15 | 0.45 | 5.24 | 7.47 | 6.32 | 8.98 | 8.03 | 9.19 | 6.48 | 19 | 7.38 |
| Tax % | 0 | -121 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22 | 20 |
| Net Profit | 0.79 | 0.30 | 0.15 | 0.45 | 5.24 | 7.47 | 6.32 | 8.99 | 8.03 | 9.20 | 6.48 | 23 | 5.93 |
| EPS in Rs | 0.32 | 0.12 | 0.01 | 0.03 | 0.30 | 0.43 | 0.37 | 0.52 | 0.47 | 0.53 | 0.38 | 1.31 | 0.34 |
| Diluted EPS in Rs | 1.31 | 0.34 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2011 | Jun 2012 15m | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 106 | 116 | 103 | 100 | 17 | 0 | 6.46 | 168 | 245 | 248 |
| Expenses | 93 | 104 | 90 | 97 | 64 | 20 | 5 | 143 | 203 | 206 |
| Material Cost | 186 | |||||||||
| Change in Inventories | 4.99 | |||||||||
| Purchases of Stock-in-Trade | 0.33 | |||||||||
| Employee Cost | 3.45 | |||||||||
| Other Expenses | 8.76 | |||||||||
| Operating Profit | 13 | 11 | 13 | 3 | -47 | -19 | 1 | 25 | 42 | 42 |
| OPM % | 12 | 10 | 12 | 2.70 | -283 | -5,506 | 18 | 15 | 17 | 17 |
| Other Income | -1 | 3 | 1 | 1 | -8 | -1 | 0 | 3 | 2 | 2 |
| Exceptional items (within Other Income) | -0.01 | |||||||||
| Interest | 5 | 9 | 8 | 10 | 5 | 0 | 0 | 0.15 | 1 | 2 |
| Depreciation | 1 | 2 | 3 | 2 | 32 | 3 | 0.70 | 0.37 | 1 | 1 |
| Profit before tax | 6 | 3 | 3 | -8 | -93 | -23 | 0.63 | 28 | 42 | 42 |
| Tax % | 7 | 34 | -21 | 23 | -1 | -8 | 0 | 0 | -10 | |
| Net Profit | 5 | 2 | 4 | -10 | -92 | -22 | 0.63 | 28 | 46 | 44 |
| EPS in Rs | 2.07 | 0.88 | 1.66 | -3.98 | -37 | -8.63 | 0.04 | 1.63 | 2.69 | 2.56 |
| Diluted EPS in Rs | 2.69 | |||||||||
| Dividend Payout % | 24 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 9%
- 5 years
- 20%
- 3 years
- —
- TTM
- 34%
Compounded profit growth
- 10 years
- 30%
- 5 years
- —
- 3 years
- —
- TTM
- 43%
Stock price CAGR
- 10 years
- 23%
- 5 years
- 61%
- 3 years
- 180%
- 1 year
- -27%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- 28%
- Last year
- 26%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 14 | 17 | 17 |
| Reserves | 26 | 27 | 28 | 18 | -74 | -94 | 0.22 | 105 | 200 |
| Borrowings | 38 | 37 | 71 | 76 | 86 | 84 | 9 | 3 | 1 |
| Other Liabilities | 48 | 43 | 102 | 44 | 36 | 23 | 6 | 27 | 72 |
| Total Liabilities | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 291 |
| Fixed Assets | 29 | 27 | 58 | 56 | 24 | 21 | 13 | 14 | 65 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 10 | 10 | 10 | 10 | 0 | 0 | 0 | 37 | 25 |
| Other Assets | 98 | 94 | 158 | 96 | 49 | 17 | 17 | 101 | 200 |
| Total Assets | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 291 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -15 | 5 | 27 | 4 | -7 | 1 | -4 | -37 | 2 |
| Cash from Investing Activity | -0 | -2 | -25 | -1 | 1 | -0 | -0 | -36 | 12 |
| Cash from Financing Activity | 10 | -5 | -3 | -4 | 5 | -2 | 4 | 74 | -4 |
| Net Cash Flow | -5 | -1 | -1 | -0 | -0 | -1 | 0 | 1 | 10 |
| Free Cash Flow | -16 | 4 | 30 | 4 | -7 | 1 | -4 | -39 | -0 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 116 | 372 | 144 | 907 | 10,126 | 827 | 148 | 160 |
| Inventory Days | 119 | 175 | 313 | 200 | 2 | 0 | 100 | 42 | 111 |
| Days Payable | 171 | 130 | 537 | 127 | 190 | 240 | 71 | 107 | |
| Cash Conversion Cycle | 157 | 161 | 147 | 217 | 720 | 10,126 | 687 | 120 | 163 |
| Working Capital Days | 53 | 46 | 97 | 77 | -696 | -51,382 | 75 | 151 | 163 |
| ROCE % | 14 | 2 | -101 | -89 | 34 | 24 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-10.00inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
5,44,44,444inr
2026-03-31
News
News and filings about Marsons Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- ABB India
- Apar Industries Limited
- Bharat Heavy Electricals
- CG Power and Industrial Solutions Limited
- Emmvee Photovoltaic Power Limited
- Fujiyama Power Systems Limited
- GE Vernova T&D India Limited
- Genus Power Infrastructures Limited
- Hitachi Energy India Limited
- Premier Energies Limited
- Siemens Energy India Limited
- Siemens India
- Vikram Solar Limited
- Waaree Energies Limited
- Waaree Renewable Technologies Limited
Uses as raw material
- CRGO electrical steel
- aluminium winding
- copper winding
- transformer oil
Depends on the price of
- aluminium
- copper
- steel
Sells to
- GH2 Solar Ltd · transformers for solar/renewable projects (Bihar/Maharashtra)
- Inox Solar Ltd · power transformers for solar projects (Rs 15.38 cr)
- Inox Wind Limited · 160 MVA 220 kV EHV power transformer (Rs 9.49 cr order, Mar 2025)
- Power Grid Corporation · approved vendor for supply of power transformers (CTU vendor approval)
- Ram Taranga Solutions · 220 kV power transformers (Rs 18.88 cr)
- S.T. Electricals Private Limited · 10 MVA power transformers (Rs 17.94 cr)
- Vikran Engineering Limited · 220 kV power transformer for NTPC renewable project (Rs 33.19 cr)
- West Bengal State Electricity Transmission Company Ltd · 50 MVA 132/33 kV power transformer repair/inspection/testing (Rs 9.48 cr)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Heavy Electrical Equipment
- Classification
- Capital Goods › Heavy Electrical Equipment
- ISIN
- INE415B01044
Plants
- Marsons Limited Regd Office & Works · Kolkata / Maheshtala, West Bengal
News impact
Big market events that reach Marsons Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 7 Oct 2026 | ARIHANT CAPITAL MARKETS LIMITED | BUY | 27,49,033 | ₹130.52 |
| 7 Oct 2026 | ARIHANT CAPITAL MARKETS LIMITED | SELL | 27,49,033 | ₹131.85 |
| 7 Oct 2026 | QE SECURITIES LLP | SELL | 9,10,995 | ₹130.44 |
| 7 Oct 2026 | QE SECURITIES LLP | BUY | 9,03,113 | ₹131.87 |
| 5 Oct 2026 | PROGNOSIS SECURITIES PVT. LTD | BUY | 9,63,056 | ₹114.11 |
| 5 Oct 2026 | PROGNOSIS SECURITIES PVT. LTD | SELL | 1,08,816 | ₹114.19 |
| 24 Sep 2026 | ARIHANT CAPITAL MARKETS LIMITED | SELL | 12,63,104 | ₹129.00 |
| 24 Sep 2026 | PROGNOSIS SECURITIES PVT. LTD | BUY | 12,17,131 | ₹128.32 |
| 24 Sep 2026 | PROGNOSIS SECURITIES PVT. LTD | SELL | 12,17,131 | ₹126.81 |
| 24 Sep 2026 | ARIHANT CAPITAL MARKETS LIMITED | BUY | 8,54,336 | ₹128.68 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.