Marushika Technology Ltd
Incorporated in 2010, Marushika Technology Ltd is in the business
of supplying, installing,, and commissioning information technology and telecom infrastructure products.[1]
- Market Cap ₹ 111 Cr.
- Current Price ₹ 130
- High / Low ₹ 138 / 78.1
- Stock P/E 8.61
- Book Value ₹ 63.6
- 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 35.5%
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.
Peer comparison
Information Technology Information Technology IT - Hardware Computers Hardware & Equipments
Part of Nifty SME Emerge
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 | TTM | |
|---|---|---|---|---|
| 61 | 85 | 116 | 151 | |
| Sales growth | +41% | +37% | ||
| 54 | 74 | 100 | 131 | |
| Operating Profit | 6 | 11 | 16 | 20 |
| OPM % | 10% | 13% | 14% | 14% |
| 0 | 0 | 0 | 0 | |
| Interest | 2 | 2 | 3 | 2 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 4 | 8 | 13 | 17 |
| Tax % | 23% | 26% | 29% | |
| 3 | 6 | 9 | 13 | |
| EPS in Rs | 5.15 | 10.08 | 10.48 | 15.09 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.87 | 6 | 9 | 9 |
| Reserves | 8 | 9 | 39 | 46 |
| 20 | 21 | 7 | 16 | |
| 20 | 17 | 33 | 27 | |
| Total Liabilities | 48 | 54 | 87 | 98 |
| 2 | 2 | 6 | 7 | |
| CWIP | 0 | 2 | 3 | 3 |
| Investments | 0 | 0 | 2 | 2 |
| 47 | 50 | 76 | 85 | |
| Total Assets | 48 | 54 | 87 | 98 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -6 | -0 | 2 | |
| -0 | -2 | -6 | |
| 9 | 0 | 6 | |
| Net Cash Flow | 3 | -2 | 1 |
| Free Cash Flow | -7 | -2 | -5 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -99% | 11% | 26% |
Ratios
Consolidated / 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 | Mar 2026 | |
|---|---|---|---|---|
| IT & Telecom Vertical Share % |
|
|||
| Outstanding Order Book Rs Lakhs |
||||
| Service Revenue Share % |
||||
| Total Customers number |
||||
| New Customers Added number |
||||
| New Orders Added Rs Lakhs |
||||
| Tender Win Rate % |
||||
Extracted by Screener AI
Documents
Announcements
-
Clarification - Financial Results
- Exchange has sought clarification from Marushika Technology Limited for the quarter ended 30-Sep-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Analysts/Institutional Investor Meet/Con. Call Updates
- 4 Nov 2026 investor call transcript: H1 FY27 revenue rose 71.6%, PAT 126.3%, discussed orders and strategy.
-
Analysts/Institutional Investor Meet/Con. Call Updates
- Audio recording shared for H1 and FY26-27 earnings conference call held on November 4, 2026.
-
Investor Presentation
- H1 FY27 investor presentation: revenue ₹83.46 crore, PAT ₹7.04 crore; wins ₹30 crore and ₹2.5 crore orders.
-
Press Release
- Marushika Technology posts H1 FY27 revenue of ₹8,346.21 lakh; PAT rises 126% YoY to ₹704.19 lakh.
Concalls
-
Nov 2026PPT REC
-
May 2026Transcript PPT REC
Business Overview:[1]
MTL delivers digital infrastructure and cybersecurity solutions across Data Centers, Cloud Services, Cybersecurity, Smart Cities, AI-powered Video Analytics, and Enterprise IT Services. The company enables governments, enterprises, and institutions to adopt future-ready technology. It is an emerging provider of technology-driven infrastructure and cybersecurity solutions.