Marsons Ltd
Incorporated in 1976, Marsons Ltd
is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class[1]
- Market Cap ₹ 2,058 Cr.
- Current Price ₹ 120
- High / Low ₹ 200 / 100
- Stock P/E 46.5
- Book Value ₹ 12.6
- Dividend Yield 0.04 %
- ROCE 25.4 %
- ROE 27.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
- Debtor days have improved from 378 to 160 days.
Cons
- Stock is trading at 9.46 times its book value
- Tax rate seems low
- Company has high debtors of 160 days.
- Promoter holding has decreased over last 3 years: -13.2%
* 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 106 | 116 | 103 | 100 | 17 | 0 | 6 | 168 | 245 | 248 | |
| 93 | 104 | 90 | 97 | 64 | 20 | 5 | 143 | 203 | 206 | |
| Operating Profit | 13 | 11 | 13 | 3 | -47 | -19 | 1 | 25 | 42 | 42 |
| OPM % | 12% | 10% | 12% | 2.7% | -283% | -5,506% | 18% | 15% | 17% | 17% |
| -1 | 3 | 1 | 1 | -8 | -1 | 0 | 3 | 2 | 2 | |
| Interest | 5 | 9 | 8 | 10 | 5 | 0 | -0 | 0 | 1 | 2 |
| Depreciation | 1 | 2 | 3 | 2 | 32 | 3 | 1 | 0 | 1 | 1 |
| Profit before tax | 6 | 3 | 3 | -8 | -93 | -23 | 1 | 28 | 42 | 42 |
| Tax % | 7% | 34% | -21% | 23% | -1% | -8% | -0% | -0% | -10% | |
| 5 | 2 | 4 | -10 | -92 | -22 | 1 | 28 | 46 | 44 | |
| EPS in Rs | 2.07 | 0.88 | 1.66 | -3.98 | -36.63 | -8.63 | 0.04 | 1.63 | 2.69 | 2.56 |
| Dividend Payout % | 24% | 11% | -0% | -0% | -0% | -0% | -0% | -0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 66% |
| 3 Years: | 164% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 27% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 14 | 17 | 17 |
| Reserves | 26 | 27 | 28 | 18 | -74 | -94 | 0 | 105 | 200 |
| 38 | 37 | 71 | 76 | 86 | 84 | 9 | 3 | 1 | |
| 48 | 43 | 102 | 44 | 36 | 23 | 6 | 27 | 72 | |
| Total Liabilities | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 291 |
| 29 | 27 | 58 | 56 | 24 | 21 | 13 | 14 | 65 | |
| CWIP | 0 | 1 | -0 | 0 | 0 | 0 | -0 | -0 | 25 |
| Investments | 10 | 10 | 10 | 10 | -0 | -0 | -0 | 37 | -0 |
| 98 | 94 | 158 | 96 | 49 | 17 | 17 | 101 | 200 | |
| Total Assets | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 291 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -15 | 5 | 27 | 4 | -7 | 1 | -4 | -35 | 2 | |
| -0 | -2 | -25 | -1 | 1 | -0 | -0 | -38 | 12 | |
| 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 | -37 | -0 |
| CFO/OP | -118% | 54% | 212% | 159% | 14% | -4% | -359% | -131% | 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 | 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% | 25% |
Insights
In beta| Mar 2025 | Mar 2027 (P) | |
|---|---|---|
| Manufacturing Capacity MVA per annum ・Standalone data |
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| Capacity Utilization % ・Standalone data |
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| Cumulative Transformers Supplied units ・Standalone data |
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| Number of States Served Domestically states ・Standalone data |
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| Revenue Mix by Business Vertical % of revenue ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- The copies of Unaudited Financial Results (Standalone & consolidated) of the Company for the quarter ended 30th June 2026 published in Business Standard (All ....
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Marsons reported Q1 FY27 revenue of ₹5,000.84 lakh, PAT ₹592.94 lakh, and highlighted USD 5 million US orders.
- Unaudited Financial Results (Provisional) (Standalone & Consolidated) Of The Company For The Quarter Ended 30Th June 2026
- Unaudited Financial Results (Provisional) (Standalone & Consolidated) Of The Company For The Quarter Ended 30Th June 2026
-
Board Meeting Intimation for Consideration And Declaration Of Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2026.
- Board meets August 13, 2026 to approve Q1 FY2026-27 unaudited standalone and consolidated results.
Annual reports
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
from bse
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from bse
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Annual Report 2011
from bse
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.