WEBSITE BSE:517467 NSE: MARSONS Inc. Year: 1976 Industry: Electric Equipment My Bucket: Add Stock
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Marsons Limited is a public company that manufactures electrical transformers for various applications, such as power, distribution, and special-application. Company was founded in 1976 and is based out of Kolkata, West Bengal. The company was promoted by Jitendra B Jhaveri, Shakuntala Jhaveri, and Rajesh Jhaveri, who are also the directors of the company. Jitendra B Jhaveri is an engineer and an entrepreneur with over 20 years of experience in the field of transformer manufacturing. Services include manufacturing, supplying, erecting, testing ...Read More
Marsons Limited is a public company that manufactures electrical transformers for various applications, such as power, distribution, and special-application. Company was founded in 1976 and is based out of Kolkata, West Bengal. The company was promoted by Jitendra B Jhaveri, Shakuntala Jhaveri, and Rajesh Jhaveri, who are also the directors of the company. Jitendra B Jhaveri is an engineer and an entrepreneur with over 20 years of experience in the field of transformer manufacturing. Services include manufacturing, supplying, erecting, testing and commissioning of power and distribution transformers with different ratings and classes. Marson's clientele includes prominent customers like ABB Limited, Alstom T & D, Schneider Electric, GE Electric, CESC Limited, DPL Limited, Siemens Limited, Bhel, L & T, Tata Group of Companies, Reliance Group, Prakash Industries Ltd., BhartiAirtel, Bhushan Steel, etc. ...Read Less
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Market Cap ₹2654 Cr.
Stock P/E 94.7
P/B 18.1
Current Price ₹154.2
Book Value ₹ 8.5
Face Value 1
52W High ₹231.5
Dividend Yield 0%
52W Low ₹ 121
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2019 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 1 | 4 | 30 | 39 | 44 | 56 | 47 | 60 | 46 |
| Other Income | 0 | 0 | 0 | 0 | 2 | 2 | -1 | 1 | 1 | 1 |
| Total Income | 0 | 1 | 4 | 30 | 40 | 47 | 55 | 48 | 61 | 47 |
| Total Expenditure | 1 | 0 | 3 | 25 | 33 | 40 | 46 | 40 | 51 | 39 |
| Operating Profit | -1 | 0 | 1 | 5 | 8 | 7 | 9 | 8 | 10 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | 0 | 0 | 5 | 7 | 6 | 9 | 8 | 9 | 6 |
| Provision for Tax | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 5 | 7 | 6 | 9 | 8 | 9 | 6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 5 | 7 | 6 | 9 | 8 | 9 | 6 |
| Adjusted Earnings Per Share | 0.1 | 0 | 0 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 |
| #(Fig in Cr.) | Mar 2011 | Jun 2012 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 106 | 116 | 72 | 103 | 100 | 17 | 0 | 6 | 168 | 209 |
| Other Income | 0 | 3 | 5 | 2 | 1 | 0 | 2 | 0 | 3 | 2 |
| Total Income | 106 | 118 | 77 | 105 | 101 | 17 | 2 | 7 | 172 | 211 |
| Total Expenditure | 94 | 104 | 64 | 91 | 97 | 73 | 22 | 5 | 143 | 176 |
| Operating Profit | 12 | 14 | 13 | 14 | 4 | -56 | -20 | 1 | 29 | 35 |
| Interest | 5 | 9 | 14 | 8 | 10 | 5 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 2 | 4 | 3 | 2 | 32 | 3 | 1 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 |
| Profit Before Tax | 6 | 3 | -5 | 3 | -8 | -93 | -23 | 1 | 28 | 32 |
| Provision for Tax | 0 | 1 | -0 | -1 | 2 | -1 | -2 | 0 | 0 | 0 |
| Profit After Tax | 5 | 2 | -5 | 4 | -10 | -92 | -22 | 1 | 28 | 32 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 5 | 2 | -5 | 4 | -10 | -92 | -22 | 1 | 28 | 32 |
| Adjusted Earnings Per Share | 2.1 | 0.9 | -1.9 | 1.7 | -4 | -36.6 | -8.6 | 0 | 1.6 | 1.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 2700% | 115% | 10% | 0% |
| Operating Profit CAGR | 2800% | 0% | 16% | 0% |
| PAT CAGR | 2700% | 0% | 48% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -15% | 196% | 68% | 31% |
| ROE Average | 41% | 14% | 2% | 3% |
| ROCE Average | 38% | -64% | -67% | -31% |
| #(Fig in Cr.) | Mar 2011 | Jun 2012 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 51 | 52 | 48 | 53 | 43 | -49 | -69 | 14 | 123 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 8 | 5 | 41 | 44 | 44 | 42 | 41 | 0 | 0 |
| Other Non-Current Liabilities | 2 | 2 | 2 | 1 | 3 | 2 | 1 | 0 | 0 |
| Total Current Liabilities | 76 | 73 | 69 | 129 | 73 | 79 | 65 | 15 | 30 |
| Total Liabilities | 137 | 133 | 160 | 227 | 163 | 73 | 38 | 30 | 152 |
| Fixed Assets | 29 | 27 | 33 | 58 | 56 | 24 | 21 | 13 | 14 |
| Other Non-Current Assets | 13 | 15 | 11 | 11 | 11 | 1 | 1 | 0 | 37 |
| Total Current Assets | 96 | 91 | 116 | 158 | 96 | 48 | 16 | 17 | 101 |
| Total Assets | 137 | 133 | 160 | 227 | 163 | 73 | 38 | 30 | 152 |
| #(Fig in Cr.) | Mar 2011 | Jun 2012 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 9 | 4 | 3 | 2 | 1 | 1 | 1 | 0 | 0 |
| Cash Flow from Operating Activities | -15 | 5 | -3 | 27 | 4 | -7 | 1 | -4 | -35 |
| Cash Flow from Investing Activities | -0 | -2 | -6 | -25 | -1 | 1 | -0 | -0 | -38 |
| Cash Flow from Financing Activities | 10 | -5 | 8 | -3 | -4 | 5 | -2 | 4 | 74 |
| Net Cash Inflow / Outflow | -5 | -1 | -1 | -1 | -0 | -0 | -1 | 0 | 1 |
| Closing Cash & Cash Equivalent | 4 | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 1 |
| # | Mar 2011 | Jun 2012 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.07 | 0.88 | -1.89 | 1.72 | -3.98 | -36.63 | -8.63 | 0.04 | 1.63 |
| CEPS(Rs) | 2.44 | 1.53 | -0.29 | 2.9 | -3.12 | -23.83 | -7.38 | 0.1 | 1.65 |
| DPS(Rs) | 0.5 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 13.46 | 14.23 | 12.66 | 14.75 | 10.48 | -26.19 | -34.12 | 1.02 | 7.12 |
| Core EBITDA Margin(%) | 9.85 | 9.14 | 10.34 | 11.47 | 2.63 | -334.49 | -6339.31 | 18.44 | 14.98 |
| EBIT Margin(%) | 9.33 | 10.06 | 11.61 | 10.36 | 2.35 | -524.29 | -6719.94 | 10.11 | 16.76 |
| Pre Tax Margin(%) | 4.86 | 2.7 | -6.27 | 3.2 | -7.59 | -554.08 | -6725.42 | 9.73 | 16.64 |
| PAT Margin (%) | 4.51 | 1.79 | -6.2 | 3.87 | -9.37 | -548.31 | -6219.11 | 9.73 | 16.64 |
| Cash Profit Margin (%) | 5.33 | 3.1 | -0.95 | 6.76 | -7.69 | -356.76 | -5313.6 | 20.6 | 16.86 |
| ROA(%) | 3.78 | 1.63 | -3.26 | 2.15 | -4.89 | -77.56 | -38.7 | 1.86 | 30.77 |
| ROE(%) | 15.36 | 6.36 | -14.16 | 12.12 | -30.18 | 0 | 0 | 0 | 40.99 |
| ROCE(%) | 14.89 | 17.19 | 10.39 | 10.73 | 2.26 | -142.18 | -236.79 | 5.87 | 38.04 |
| Receivable days | 193.39 | 144.14 | 237.78 | 286.31 | 259.62 | 884.89 | 0 | 687.87 | 89.88 |
| Inventory Days | 83.88 | 106.21 | 209.06 | 153.65 | 175.37 | 548.21 | 0 | 45.92 | 17.08 |
| Payable days | 171.46 | 138.14 | 198.16 | 342.45 | 228.89 | 190.35 | 0 | 1170.3 | 38.22 |
| PER(x) | 6.7 | 7.74 | 0 | 5.93 | 0 | 0 | 0 | 817.82 | 115.62 |
| Price/Book(x) | 1.03 | 0.48 | 0.35 | 0.69 | 1.21 | -0.13 | -0.04 | 36.15 | 26.45 |
| Dividend Yield(%) | 3.61 | 1.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.65 | 0.44 | 1.06 | 0.92 | 1.07 | 5.59 | 252.35 | 80.96 | 19.25 |
| EV/Core EBITDA(x) | 5.9 | 3.65 | 5.89 | 6.7 | 26.09 | -1.68 | -4.34 | 385.77 | 113.19 |
| Net Sales Growth(%) | 0 | 9.29 | -37.54 | 42.86 | -3.01 | -83.3 | -97.92 | 1761.07 | 2507.07 |
| EBIT Growth(%) | 0 | 16.02 | -28.09 | 24.71 | -78.55 | -3772.53 | 73.37 | 102.8 | 4223.34 |
| PAT Growth(%) | 0 | -57.4 | -316.2 | 187.19 | -329.3 | -861.99 | 76.43 | 102.91 | 4358.36 |
| EPS Growth(%) | 0 | -57.4 | -315.08 | 190.54 | -331.83 | -821.1 | 76.43 | 100.52 | 3526.28 |
| Debt/Equity(x) | 1.13 | 1.04 | 2.13 | 1.93 | 2.91 | -1.32 | -0.99 | 0.63 | 0.02 |
| Current Ratio(x) | 1.26 | 1.24 | 1.67 | 1.22 | 1.3 | 0.61 | 0.25 | 1.1 | 3.37 |
| Quick Ratio(x) | 0.91 | 0.62 | 1.05 | 0.85 | 0.62 | 0.61 | 0.25 | 1.05 | 2.87 |
| Interest Cover(x) | 2.09 | 1.37 | 0.65 | 1.45 | 0.24 | -17.6 | -1227.27 | 27.08 | 145.96 |
| Total Debt/Mcap(x) | 1.1 | 2.16 | 6.12 | 2.8 | 2.4 | 10.48 | 25.35 | 0.02 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 66.72 | 66.24 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 | 53.65 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.04 | 0.04 | 0.12 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.15 |
| Public | 33.28 | 33.76 | 46.35 | 46.35 | 46.35 | 46.35 | 46.32 | 46.31 | 46.31 | 46.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 9.34 | 9.27 | 9.23 | 9.23 | 9.23 | 9.23 | 9.23 | 9.23 | 9.23 | 9.23 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.02 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 |
| Public | 4.66 | 4.73 | 7.98 | 7.98 | 7.98 | 7.98 | 7.97 | 7.97 | 7.97 | 7.93 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 17.21 | 17.21 | 17.21 | 17.21 | 17.21 | 17.21 | 17.21 | 17.21 |
* The pros and cons are machine generated.
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