MARSONS LIMITED
₹148.95+₹24.65 (+19.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,580 Cr
- P/E
- 79.2x
- Revenue
- ₹168 Cr
Price chart
Technical chartScreen technicals →-13.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +29.2%
- 3M
- +36.0%
- 6M
- -3.5%
- 1Y
- -13.3%
- 5Y
- +965.5%
52-week range
Day change +₹24.65 (+19.8%) from ₹124 to ₹149 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MARSONS, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Revenue grew 2700.0% YoY
Concerns1
- Valuation elevated — PE of 79.2x is 37% above peer average of 57.8x
Rule-based from financial data. Not advice.
About the company
Marsons Limited engages in manufacturing, supplying, erecting, testing, and commissioning of power and distribution transformers in India. The company offers distribution, power, unitized transportable substation, dry type, cast resin, solar, and instrumental transformers, as well as furnace transformers comprising arc, submerged, ladle, induction, and DC arc furnace transformers. It also provides after sales services. The company was incorporated in 1976 and is based in Kolkata, India.
- Sector
- Industrials
- Shares outstanding
- 17.2 Cr shares
- ISIN
- INE415B01044
- BSE code
- 517467
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,580 Cr
- P/E
- 79.2x
- P/B
- 18.5x
- Earnings yield
- 1.3%
- 52-week high
- ₹174.30
- 52-week low
- ₹102.05
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹168 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2700.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2700.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹4.00 Cr
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.4%
Solvency and efficiency
- Current ratio
- 2.83
- Debt / Equity
- 0.64
- Debt / Assets
- 0.30
- Financial leverage
- 2.14
- Cash / Market cap
- 0.7%
- Cash per share
- ₹0.99
- Debtor days
- 827 days
- Inventory turnover
- 3.65
- Cash conversion cycle
- 687 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹17 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹143 Cr |
| Sales | Operating profit | ₹25 Cr |
| Operating profit | Profit before tax | ₹25 Cr |
| Other income | Profit before tax | ₹3 Cr |
| Profit before tax | Net profit | ₹28 Cr |
Revenue and net profit
Revenue grew 2700.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹0 Cr | -₹2 Cr |
| FY2022 | ₹2 Cr | -₹1 Cr |
| FY2023 | ₹5 Cr | ₹3 Cr |
| FY2024 | ₹6 Cr | ₹1 Cr |
| FY2025 | ₹168 Cr | ₹28 Cr |
Cash flows
FY2025: -₹35.0 Cr from operations, -₹73.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹0 Cr | ₹0 Cr |
| FY2022 | ₹0 Cr | ₹0 Cr |
| FY2023 | ₹0 Cr | ₹8 Cr |
| FY2024 | -₹4 Cr | -₹4 Cr |
| FY2025 | -₹35 Cr | -₹73 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹168 Cr+2,700.0%1Y
- Net profit
- ₹28 Cr+2,700.0%1Y
- Cash from operations
- -₹35 Cr
- Free cash flow
- -₹73 Cr
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹168 Cr | ₹25 Cr | — | ₹28 Cr | -₹35 Cr | -₹73 Cr | — | +2700.0% | +2700.0% |
Monthly returns
Month-by-month returns of MARSONS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹152 Cr |
| Equity capital | ₹17 Cr |
| Reserves | ₹105 Cr |
| Borrowings | ₹3 Cr |
| Other liabilities | ₹27 Cr |
| Assets | ₹152 Cr |
| Fixed assets | ₹14 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹37 Cr |
| Other assets | ₹101 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MARSONS trades at 79.2x earnings against a peer median of 38.3x (a 107% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| MARSONS LIMITEDMARSONSthis companyP/E ↑ premium | ₹2,580 Cr | 79.2x | 18.5x | — | — |
| Prince Pipes and Fittings LimitedPRINCEPIPE | ₹2,666 Cr | 115.0x | 1.7x | 11.8% | 7.5x |
| Patel Engineering LtdPATELENG | ₹2,633 Cr | 7.2x | 0.7x | 9.1% | 3.5x |
| TCPL Packaging LimitedTCPLPACK | ₹2,575 Cr | 20.7x | 3.8x | 19.2% | 11.3x |
| Man Industries (India) LtdMANINDS | ₹2,574 Cr | 18.0x | 1.4x | 8.6% | 8.9x |
| Polyplex Corporation Ltd.POLYPLEX | ₹2,566 Cr | 27.3x | 3.5x | -1.3% | 73.6x |
| JASH ENGINEERING LIMITEDJASH | ₹2,536 Cr | 44.3x | 6.2x | 15.1% | 33.0x |
| Pennar Industries Ltd.PENIND | ₹2,535 Cr | 25.6x | 2.7x | 7.5% | 12.0x |
| TeamLease Services LimitedTEAMLEASE | ₹2,492 Cr | 26.8x | 2.7x | 13.9% | 15.5x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
MARSONS since 1 January, against earlier years.
Historical volatility
MARSONS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -176.0% |
| FY2022 | 1.0% |
| FY2023 | 23.0% |
| FY2024 | 18.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹168 Cr |
| Costs | |
| Interest | ₹0 Cr |
| Expenses | ₹143 Cr |
| Operating profitOperating Profit | ₹25 Cr |
| Other income and charges | |
| Profit before tax | ₹28 Cr |
| Tax | |
| Net profitNet Profit | ₹28 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹152 Cr |
| Equity capitalEquity Capital | ₹17 Cr |
| Reserves | ₹105 Cr |
| Borrowings | ₹3 Cr |
| Other liabilitiesOther Liabilities | ₹27 Cr |
| AssetsTotal Assets | ₹152 Cr |
| Fixed assetsFixed Assets | ₹14 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹37 Cr |
| Other assetsOther Assets | ₹101 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹35 Cr |
| Investing cash flowCash from Investing Activity | -₹38 Cr |
| Financing cash flowCash from Financing Activity | ₹74 Cr |
| Change in cashNet Cash Flow | ₹1 Cr |
Learn while you research
Academy chapters picked for MARSONS LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 79.2, learn when high multiples are justified.6 min read
- 04 Growth Investing2700% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read