Marushika Technology Ltd
Marushika Technology Limited distributes IT and telecom infrastructure products.[1]
- Market Cap ₹ 76.8 Cr.
- Current Price ₹ 90.0
- High / Low ₹ 123 / 86.0
- Stock P/E 8.51
- Book Value ₹ 55.3
- Dividend Yield 0.00 %
- ROCE 34.0 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 181 days.
- Working capital days have increased from 60.9 days to 112 days
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 37 | 54 | 85 | 116 | |
| 35 | 49 | 74 | 100 | |
| Operating Profit | 2 | 6 | 11 | 16 |
| OPM % | 6% | 10% | 13% | 14% |
| 0 | 0 | 0 | 0 | |
| Interest | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 3 | 9 | 13 |
| Tax % | 27% | 27% | 25% | 29% |
| 0 | 2 | 6 | 9 | |
| EPS in Rs | 5.12 | 28.68 | 10.33 | 10.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 47% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 185% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| Last Year: | 29% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.78 | 0.87 | 6 | 9 |
| Reserves | 3 | 7 | 9 | 39 |
| 10 | 20 | 21 | 7 | |
| 17 | 19 | 17 | 32 | |
| Total Liabilities | 30 | 46 | 53 | 87 |
| 1 | 2 | 2 | 6 | |
| CWIP | 0 | 0 | 2 | 3 |
| Investments | 0 | 0 | 0 | 0 |
| 29 | 45 | 50 | 78 | |
| Total Assets | 30 | 46 | 53 | 87 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -3 | -7 | 1 | 2 | |
| -1 | -0 | -3 | -6 | |
| 4 | 9 | 0 | 6 | |
| Net Cash Flow | 1 | 2 | -2 | 1 |
| Free Cash Flow | -3 | -7 | -1 | -4 |
| CFO/OP | -131% | -114% | 19% | 12% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 238 | 252 | 171 | 181 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Days Payable | ||||
| Cash Conversion Cycle | 238 | 252 | 171 | 181 |
| Working Capital Days | 23 | 25 | 46 | 112 |
| ROCE % | 27% | 34% | 34% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Outstanding Order Book ₹ Lakhs |
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| Repeat Customer Count Number |
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| Revenue Concentration (Top 10 Customers) % |
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| Revenue Contribution - Delhi % |
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| Revenue from Repeat Customers ₹ Lakhs |
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| Supplier Concentration (Top 10 Suppliers) % |
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| Total Customer Count Number |
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| Tender Bid Success Rate % |
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Extracted by Screener AI
Documents
Announcements
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Press Release
22 May 2026 - FY26 revenue ₹11,642.78 lakh and PAT rose 43% to ₹895.06 lakh.
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General Updates
22 May 2026 - Board approved FY26 audited standalone and consolidated results, no IPO fund deviation, and auditor appointments.
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Statement of deviation(s) or variation(s) under Reg. 32
22 May 2026 - Board approved FY26 audited standalone and consolidated results, no IPO fund deviation, and auditor appointments on May 22, 2026.
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General Updates
22 May 2026 - Board approved FY26 audited standalone and consolidated results, confirmed no IPO fund deviation, and appointed auditors.
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Outcome of Board Meeting
22 May 2026 - Board approved FY26 audited standalone and consolidated results, no IPO fund deviation, and auditor appointments.
Business Profile[1]
Marushika Technology Limited (MTL) is an IT & Telecom Infrastructure distribution and solutions company with operations spanning IT infrastructure, smart city solutions, and auto-tech solutions for defence. The company operates largely as a value-added distributor (VAD) and system execution partner for government and PSU-led infrastructure projects.