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 ₹ 2,013 Cr.
- Current Price ₹ 117
- High / Low ₹ 232 / 109
- Stock P/E 43.4
- 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 9.25 times its book value
- Tax rate seems low
- Company has high debtors of 160 days.
- Promoter holding has decreased over last 3 years: -21.4%
* 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 Other 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 | |
|---|---|---|---|---|---|---|---|---|---|
| 106 | 116 | 103 | 100 | 17 | 0 | 6 | 168 | 245 | |
| 93 | 104 | 90 | 97 | 64 | 20 | 5 | 143 | 203 | |
| Operating Profit | 13 | 11 | 13 | 3 | -47 | -19 | 1 | 25 | 42 |
| OPM % | 12% | 10% | 12% | 3% | -283% | -5,506% | 18% | 15% | 17% |
| -1 | 3 | 1 | 1 | -8 | -1 | 0 | 3 | 2 | |
| Interest | 5 | 9 | 8 | 10 | 5 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 2 | 3 | 2 | 32 | 3 | 1 | 0 | 1 |
| Profit before tax | 6 | 3 | 3 | -8 | -93 | -23 | 1 | 28 | 42 |
| Tax % | 7% | 34% | -21% | 23% | -1% | -8% | 0% | 0% | -10% |
| 5 | 2 | 4 | -10 | -92 | -22 | 1 | 28 | 46 | |
| EPS in Rs | 2.07 | 0.88 | 1.66 | -3.98 | -36.63 | -8.63 | 0.04 | 1.63 | 2.69 |
| Dividend Payout % | 24% | 11% | 0% | 0% | 0% | 0% | 0% | 0% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 86% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 63% |
| 3 Years: | 159% |
| 1 Year: | -41% |
| 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 2023 | Mar 2024 | Mar 2025 | Mar 2027 (P) | |
|---|---|---|---|---|
| Maximum Transformer Power Rating MVA ・Standalone data |
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| Maximum Transformer Voltage Class kV ・Standalone data |
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| Manufacturing Capacity MVA/year ・Standalone data |
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| Capacity Utilization % ・Standalone data |
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| Cumulative Transformers Supplied (60 Years) Units ・Standalone data |
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| Manufacturing Plant Area sq. m. ・Standalone data |
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| Order Book INR Crores ・Standalone data |
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| Receivable Cycle Days ・Standalone data |
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| Target Manufacturing Capacity (FY27) MVA/year ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16 Jun - Received ₹7.75 crore purchase order from US solar developer for 25 MVA transformer, to execute in 14 months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Jun - Marsons received ₹33.19 crore transformer supply order from Vikran Engineering for NTPC Renewable Energy, executable in 6 months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
9 Jun - Marsons received ₹9.48 crore order from WBSETCL for transformer repair, inspection and testing over 6-12 months.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Jun
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Jun - Marsons received ₹31.27 crore LoI from AEGCL for 132/33kV transformers, executable in 12 months.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 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.