Marsons Ltd

Marsons Ltd

₹ 230 2.86%
01 Jul 11:12 a.m.
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.

  • Market Cap 3,958 Cr.
  • Current Price 230
  • High / Low 356 / 37.5
  • Stock P/E 141
  • Book Value 7.12
  • Dividend Yield 0.00 %
  • ROCE 38.0 %
  • ROE 41.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 487 to 148 days.

Cons

  • Stock is trading at 31.4 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Dec 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025
7.05 4.27 0.93 15.77 0.24 0.11 0.00 0.00 0.65 3.77 38.51 44.17 55.80
48.24 4.42 0.90 63.41 0.95 20.19 0.00 0.68 0.33 3.17 32.70 40.00 45.67
Operating Profit -41.19 -0.15 0.03 -47.64 -0.71 -20.08 0.00 -0.68 0.32 0.60 5.81 4.17 10.13
OPM % -584.26% -3.51% 3.23% -302.09% -295.83% -18,254.55% 49.23% 15.92% 15.09% 9.44% 18.15%
0.09 0.06 0.04 -8.32 0.63 1.18 0.79 0.00 0.01 0.03 1.81 2.37 -1.18
Interest 2.18 2.63 0.59 4.06 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.06
Depreciation 0.43 0.43 0.43 31.56 0.69 0.89 0.00 0.77 0.18 0.18 0.14 0.18 -0.09
Profit before tax -43.71 -3.15 -0.95 -91.58 -0.79 -19.79 0.79 -1.45 0.15 0.45 7.47 6.32 8.98
Tax % 0.00% 0.00% 0.00% -1.05% 0.00% 0.00% 0.00% -121.38% 0.00% 0.00% 0.00% 0.00% 0.00%
-44.34 -3.13 -3.13 -90.62 -0.79 -19.79 0.79 0.30 0.15 0.45 7.47 6.32 8.99
EPS in Rs -17.74 -1.25 -1.25 -36.25 -0.32 -7.92 0.32 0.12 0.01 0.03 0.43 0.37 0.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Jun 2012 15m Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2024 Mar 2025
106 116 103 100 17 0 6 168
93 104 90 97 64 20 5 143
Operating Profit 13 11 13 3 -47 -19 1 25
OPM % 12% 10% 12% 3% -283% -5,506% 18% 15%
-1 3 1 1 -8 -1 0 3
Interest 5 9 8 10 5 0 0 0
Depreciation 1 2 3 2 32 3 1 0
Profit before tax 6 3 3 -8 -93 -23 1 28
Tax % 7% 34% -21% 23% -1% -8% 0% 0%
5 2 4 -10 -92 -22 1 28
EPS in Rs 2.07 0.88 1.66 -3.98 -36.63 -8.63 0.04 1.63
Dividend Payout % 24% 11% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 2506%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 4356%
Stock Price CAGR
10 Years: 48%
5 Years: 113%
3 Years: 195%
1 Year: 267%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Jun 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2024 Mar 2025
Equity Capital 25 25 25 25 25 25 14 17
Reserves 26 27 28 18 -74 -94 0 105
38 37 71 76 86 84 9 3
48 43 102 44 36 23 6 27
Total Liabilities 137 133 227 163 73 38 30 152
29 27 58 56 24 21 13 14
CWIP 0 1 0 0 0 0 0 37
Investments 10 10 10 10 0 0 0 0
98 94 158 96 49 17 17 101
Total Assets 137 133 227 163 73 38 30 152

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Jun 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2024 Mar 2025
-15 5 27 4 -7 1 -4 -35
-0 -2 -25 -1 1 -0 -0 -38
10 -5 -3 -4 5 -2 4 74
Net Cash Flow -5 -1 -1 -0 -0 -1 0 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Jun 2012 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2024 Mar 2025
Debtor Days 209 116 372 144 907 10,126 827 148
Inventory Days 119 175 313 200 2 0 100 42
Days Payable 171 130 537 127 190 240 71
Cash Conversion Cycle 157 161 147 217 720 10,126 687 120
Working Capital Days 149 140 194 195 274 -6,017 584 157
ROCE % 14% 2% -101% -89% 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.

Click on the line-items to see the names of individual entities.

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