Marsons Ltd

Marsons Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marsons Ltd

₹ 193 -0.23%
13 Jun - close price
marsonsonline.com BSE: 517467
About

Incorporated in 1976, Marsons Ltd
is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class[1]

Key Points

Business Overview:[1][2]
MSL is an ISO 9001:2008 certified and
CPRI, ERDA, and NABL accredited, multi
product and service organization engaged
in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers of various ratings, which include 10 KVA, 50 MVA 132 kV class, up to the range of 160 MVA 220 kV class.

Website BSE
  • Market Cap ₹ 3,324 Cr.
  • Current Price ₹ 193
  • High / Low ₹ 356 / 37.5
  • Stock P/E 118
  • Book Value ₹ 7.12
  • Dividend Yield 0.00 %
  • ROCE 38.0 %
  • ROE 41.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 63.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.8%
  • Debtor days have improved from 577 to 148 days.

Cons

  • Stock is trading at 27.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -42.7%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.65 0.10 0.07 1.83 2.57 0.23 1.80 0.65 3.77 29.88 38.51 44.17 55.80
0.74 0.45 0.46 1.39 0.96 0.50 1.29 0.33 3.17 24.83 32.70 40.00 45.67
Operating Profit -0.09 -0.35 -0.39 0.44 1.61 -0.27 0.51 0.32 0.60 5.05 5.81 4.17 10.13
OPM % -13.85% -350.00% -557.14% 24.04% 62.65% -117.39% 28.33% 49.23% 15.92% 16.90% 15.09% 9.44% 18.15%
-0.01 0.32 0.37 0.37 5.23 0.01 0.12 0.01 0.03 0.36 1.81 2.37 -1.18
Interest 0.00 0.00 0.00 0.00 3.16 0.00 0.00 0.00 0.00 0.03 0.01 0.04 0.06
Depreciation 0.30 0.22 0.23 0.23 0.22 0.17 0.17 0.18 0.18 0.14 0.14 0.18 -0.09
Profit before tax -0.40 -0.25 -0.25 0.58 3.46 -0.43 0.46 0.15 0.45 5.24 7.47 6.32 8.98
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.40 -0.25 -0.25 0.59 3.46 -0.43 0.45 0.15 0.45 5.24 7.47 6.32 8.99
EPS in Rs -0.03 -0.02 -0.02 0.05 0.28 -0.03 0.03 0.01 0.03 0.30 0.43 0.37 0.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 9m Jun 2015 15m Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
55 72 103 100 17 0 0 0 2 5 6 168
46 64 90 97 64 20 1 1 2 4 5 143
Operating Profit 8 8 13 3 -47 -19 -1 -1 0 1 1 25
OPM % 15% 11% 12% 3% -283% -5,506% -176% 1% 23% 18% 15%
1 5 1 1 -8 -1 -0 0 0 6 0 3
Interest 7 14 8 10 5 0 0 0 0 3 0 0
Depreciation 1 4 3 2 5 3 2 2 1 1 1 0
Profit before tax 1 -5 3 -8 -65 -23 -3 -2 -1 3 1 28
Tax % 74% -1% -21% 22% 0% -8% 0% 0% 0% 0% 0% 0%
0 -5 4 -10 -65 -22 -3 -2 -1 3 1 28
EPS in Rs 0.10 -1.90 1.66 -3.98 -25.90 -8.63 -0.24 -0.18 -0.10 0.26 0.04 1.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 373%
TTM: 2506%
Compounded Profit Growth
10 Years: %
5 Years: 64%
3 Years: 188%
TTM: 4356%
Stock Price CAGR
10 Years: 45%
5 Years: 119%
3 Years: 174%
1 Year: 151%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 33%
Last Year: 41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 25 25 25 25 25 25 12 12 12 12 14 17
Reserves 28 23 27 -8 -72 -94 -9 -11 -13 -9 0 105
49 67 71 76 86 84 22 23 23 15 9 3
85 44 102 44 37 23 0 1 1 6 6 27
Total Liabilities 187 160 226 137 76 38 26 25 23 23 30 152
25 33 30 29 24 21 19 17 16 13 13 14
CWIP 1 0 0 0 0 0 0 0 0 0 0 37
Investments 10 10 37 12 3 0 0 0 0 0 0 0
150 117 158 96 49 17 7 8 7 10 17 101
Total Assets 187 160 226 137 76 38 26 25 23 23 30 152

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 -3 27 4 -7 1 -13 -0 0 0 -4 -35
0 -6 -25 -1 1 -0 3 0 0 8 -0 -38
2 8 -3 -4 5 -2 10 0 -0 -8 4 74
Net Cash Flow -0 -1 -1 -0 -0 -1 0 0 -0 0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 550 321 372 144 907 10,126 7,864 1,586 756 827 148
Inventory Days 528 301 313 200 2 0 78 39 100 42
Days Payable 685 159 537 127 190 965 302 240 71
Cash Conversion Cycle 393 462 147 217 720 10,126 7,864 700 493 687 120
Working Capital Days 405 359 194 195 274 -6,017 7,499 1,455 333 581 157
ROCE % 8% 8% 2% -77% -76% -14% -9% -5% 1% 3% 38%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
96.38% 75.00% 75.00% 75.00% 66.90% 66.72% 66.72% 66.24% 53.65% 53.65% 53.65% 53.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
3.62% 25.01% 25.01% 25.00% 33.11% 33.27% 33.28% 33.76% 46.34% 46.34% 46.35% 46.34%
No. of Shareholders 10,89811,33211,64811,58811,68311,92812,44212,95513,38324,92134,18233,014

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Concalls

  • Feb 2025
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  • Oct 2024
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