Marushika Technology Ltd
Marushika Technology Limited distributes IT and telecom infrastructure products.[1]
- Market Cap ₹ 70.0 Cr.
- Current Price ₹ 82.0
- High / Low ₹ 123 / 78.1
- Stock P/E 7.83
- Book Value ₹ 55.4
- Dividend Yield 0.00 %
- ROCE 33.8 %
- ROE 28.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 182 days.
- Working capital days have increased from 60.5 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 61 | 85 | 116 | |
| 54 | 74 | 100 | |
| Operating Profit | 6 | 11 | 16 |
| OPM % | 10% | 13% | 14% |
| 0 | 0 | 0 | |
| Interest | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 1 |
| Profit before tax | 4 | 8 | 13 |
| Tax % | 23% | 26% | 29% |
| 3 | 6 | 9 | |
| EPS in Rs | 36.17 | 10.09 | 10.48 |
| Dividend Payout % | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
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| 1 Year: | % |
| Return on Equity | |
|---|---|
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| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 0.87 | 6 | 9 |
| Reserves | 8 | 9 | 39 |
| 20 | 21 | 7 | |
| 20 | 17 | 33 | |
| Total Liabilities | 48 | 54 | 87 |
| 2 | 2 | 6 | |
| CWIP | -0 | 2 | 3 |
| Investments | -0 | -0 | 2 |
| 47 | 50 | 76 | |
| Total Assets | 48 | 54 | 87 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -6 | 1 | 2 | |
| -0 | -3 | -6 | |
| 9 | 0 | 6 | |
| Net Cash Flow | 3 | -2 | 1 |
| Free Cash Flow | -7 | -1 | -5 |
| CFO/OP | -99% | 22% | 26% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 237 | 172 | 182 |
| Inventory Days | -0 | -0 | -0 |
| Days Payable | |||
| Cash Conversion Cycle | 237 | 172 | 182 |
| Working Capital Days | 25 | 44 | 112 |
| ROCE % | 33% | 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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Copy of Newspaper Publication
5 June 2026 - Newspaper ads published for INC-26 objections on shifting registered office within Delhi to RoC Delhi-II.
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Analysts/Institutional Investor Meet/Con. Call Updates
28 May 2026 - Marushika Technology held FY26 earnings call; revenue rose 36.6% to ₹116.43 crore and PAT to ₹8.95 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
25 May 2026 - Audio recording shared for H2 and FY26 earnings conference call held May 25, 2026.
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Investor Presentation
25 May 2026 - Marushika released FY26 investor presentation showing 36.6% revenue growth and H2 project, order, partnership updates.
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Press Release
22 May 2026 - FY26 revenue ₹11,642.78 lakh and PAT rose 43% to ₹895.06 lakh.
Concalls
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May 2026Transcript PPT
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.