Marushika Technology Ltd
Marushika Technology Limited distributes IT and telecom infrastructure products.[1]
- Market Cap ₹ 85.2 Cr.
- Current Price ₹ 99.8
- High / Low ₹ 123 / 93.1
- Stock P/E 13.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 33.5 %
- ROE 52.8 %
- Face Value ₹ 10.0
Pros
Cons
- Company has high debtors of 172 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 60.66 | 85.25 | |
| 54.35 | 74.39 | |
| Operating Profit | 6.31 | 10.86 |
| OPM % | 10.40% | 12.74% |
| 0.17 | 0.38 | |
| Interest | 2.17 | 2.39 |
| Depreciation | 0.25 | 0.39 |
| Profit before tax | 4.06 | 8.46 |
| Tax % | 22.66% | 25.65% |
| 3.14 | 6.29 | |
| EPS in Rs | 36.17 | 10.09 |
| Dividend Payout % | 0.00% | 0.00% |
| Compounded Sales Growth | |
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| TTM: | 41% |
| Compounded Profit Growth | |
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| TTM: | 100% |
| Stock Price CAGR | |
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| Last Year: | 53% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 0.87 | 6.23 |
| Reserves | 7.58 | 9.14 |
| 19.64 | 21.37 | |
| 20.27 | 17.20 | |
| Total Liabilities | 48.36 | 53.94 |
| 1.64 | 1.92 | |
| CWIP | 0.00 | 1.65 |
| Investments | 0.00 | 0.00 |
| 46.72 | 50.37 | |
| Total Assets | 48.36 | 53.94 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -6.38 | 1.00 | |
| -0.47 | -3.31 | |
| 9.40 | 0.42 | |
| Net Cash Flow | 2.55 | -1.89 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 236.89 | 172.16 |
| Inventory Days | 0.00 | 0.00 |
| Days Payable | ||
| Cash Conversion Cycle | 236.89 | 172.16 |
| Working Capital Days | 24.91 | 44.27 |
| ROCE % | 33.47% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| 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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Documents
Announcements
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Press Release
9 March 2026 - MTL engaged by BEL for DMRC IP-PBX DS-12; contract ~₹31.19 Crore; 58% executed; Phase-IV inaugurated Mar 8, 2026.
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Press Release
26 February 2026 - MTL signed Master Business Partner Agreement Feb 25, 2026 to non-exclusive distribute Graymatics' AI video analytics across India.
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.