Marsons Ltd
Incorporated in 1976, Marsons Ltd
is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class[1]
- Market Cap ₹ 3,271 Cr.
- Current Price ₹ 190
- High / Low ₹ 356 / 51.2
- Stock P/E 117
- Book Value ₹ 7.12
- Dividend Yield 0.00 %
- ROCE 38.0 %
- ROE 41.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 487 to 148 days.
Cons
- Stock is trading at 26.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -42.7%
* 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 15m | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 106 | 116 | 103 | 100 | 17 | 0 | 6 | 168 | |
| 93 | 104 | 90 | 97 | 64 | 20 | 5 | 143 | |
| Operating Profit | 13 | 11 | 13 | 3 | -47 | -19 | 1 | 25 |
| OPM % | 12% | 10% | 12% | 3% | -283% | -5,506% | 18% | 15% |
| -1 | 3 | 1 | 1 | -8 | -1 | 0 | 3 | |
| Interest | 5 | 9 | 8 | 10 | 5 | 0 | -0 | 0 |
| Depreciation | 1 | 2 | 3 | 2 | 32 | 3 | 1 | 0 |
| Profit before tax | 6 | 3 | 3 | -8 | -93 | -23 | 1 | 28 |
| Tax % | 7% | 34% | -21% | 23% | -1% | -8% | -0% | -0% |
| 5 | 2 | 4 | -10 | -92 | -22 | 1 | 28 | |
| EPS in Rs | 2.07 | 0.88 | 1.66 | -3.98 | -36.63 | -8.63 | 0.04 | 1.63 |
| Dividend Payout % | 24% | 11% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 2506% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 4356% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 85% |
| 3 Years: | 176% |
| 1 Year: | 277% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 14 | 17 |
| Reserves | 26 | 27 | 28 | 18 | -74 | -94 | 0 | 105 |
| 38 | 37 | 71 | 76 | 86 | 84 | 9 | 3 | |
| 48 | 43 | 102 | 44 | 36 | 23 | 6 | 27 | |
| Total Liabilities | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 |
| 29 | 27 | 58 | 56 | 24 | 21 | 13 | 14 | |
| CWIP | 0 | 1 | -0 | 0 | 0 | 0 | -0 | 37 |
| Investments | 10 | 10 | 10 | 10 | -0 | -0 | -0 | -0 |
| 98 | 94 | 158 | 96 | 49 | 17 | 17 | 101 | |
| Total Assets | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -15 | 5 | 27 | 4 | -7 | 1 | -4 | -35 | |
| -0 | -2 | -25 | -1 | 1 | -0 | -0 | -38 | |
| 10 | -5 | -3 | -4 | 5 | -2 | 4 | 74 | |
| Net Cash Flow | -5 | -1 | -1 | -0 | -0 | -1 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 116 | 372 | 144 | 907 | 10,126 | 827 | 148 |
| Inventory Days | 119 | 175 | 313 | 200 | 2 | -0 | 100 | 42 |
| Days Payable | 171 | 130 | 537 | 127 | 190 | 240 | 71 | |
| Cash Conversion Cycle | 157 | 161 | 147 | 217 | 720 | 10,126 | 687 | 120 |
| Working Capital Days | 53 | 46 | 97 | 77 | -696 | -51,382 | 75 | 151 |
| ROCE % | 14% | 2% | -101% | -89% | 38% |
Documents
Announcements
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 22 Jul
-
Appointment Of Mr. Harshvardhan Kotia As The Chief Executive Officer Of The Company
22 Jul - Appointed Harshvardhan Kotia as CEO effective 22 July 2025, focusing on expansion and diversification.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Compliance regarding confirmation of dematerialisation as per section 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period 01.04.2025 to 30.06.2025 as given by …
- Closure of Trading Window 26 Jun
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 25 Jun
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
MSL is an ISO 9001:2008 certified and
CPRI, ERDA, and NABL accredited, multi
product and service organization engaged
in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers of various ratings, which include 10 KVA, 50 MVA 132 kV class, up to the range of 160 MVA 220 kV class.