Marsons gains on securing order worth Rs 15 crore from state utilities

25 Aug 2016 Evaluate

Marsons is currently trading at Rs. 12.20, up by 0.07 points or 0.58% from its previous closing of Rs. 12.13 on the BSE.

The scrip opened at Rs. 12.40 and has touched a high and low of Rs. 12.40 and Rs. 12.00 respectively. So far 29464 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.75 on 08-Jun-2016 and a 52 week low of Rs. 3.25 on 02-Sep-2015.

Last one week high and low of the scrip stood at Rs. 13.00 and Rs. 11.60 respectively. The current market cap of the company is Rs. 30.50 crore.

The promoters holding in the company stood at 31.05%, while non-institutions held 68.95% stake in the company.

Marsons has bagged another significant order from a state utility. The order, which is pegged to be worth nearly Rs 15 crore, comes less than a month after the company announced orders worth Rs 40 crore from Andhra Pradesh and Telangana. This recent order has now taken the company’s cumulative order book to nearly Rs 200 crore. The company is determined to execute these orders in this fiscal year and to achieve its growth and revenue targets for the year.

Furthermore, the company has operationalised its fourth franchise unit in Alwar in state of Rajasthan. With 4 operational franchises and 2 more to be operational in a month time, the company’s growth is not limited by capacity or working capital constraints, which has now enabled the company to achieve inorganic growth rates.

Marsons is one of the oldest and most reputed manufacturers of transformers in India with an infrastructure to supply transformers up to 160 MVA/220 kV class. Having supplied over 200,000 power transformers over the last six decades, Marsons is the largest transformer manufacturer in Eastern and North Eastern India.

Marsons Share Price

68.81 1.34 (1.99%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Havells India 1905.25
Siemens 6964.15
Apar Inds 7861.95
ABB India 8312.05
CG Power & Indl.Soln 641.65
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