Marsons advances on-talks with different investors for strategic investments

21 Sep 2016 Evaluate

Marsons is currently trading at Rs. 13.15, up by 0.27 points or 2.10% from its previous closing of Rs. 12.88 on the BSE.

The scrip opened at Rs. 13.00 and has touched a high and low of Rs. 13.68 and Rs. 13.00 respectively. So far 1,19,000 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. 3.47 on 05-Oct-2015.

Last one week high and low of the scrip stood at Rs. 13.99 and Rs. 12.50 respectively. The current market cap of the company is Rs. 32.88 crore.

The promoters holding in the company stood at 31.05%, while Non-Institutions holds 68.95%.

Marsons is looking to overcome the working capital constraints by means of a strategic investment into the organization. The company is taking this step in order to expedite the execution of orders. In this regard, the company has reported the initiation of discussions with different strategic investors whose values and objectives are aligned to their own.

Over the past six months, the company’s sales team has led a dedicated marketing effort to book profitable orders in niche markets and as of today the Kolkata based industry stalwart has an order book in excess of Rs 175.00 crore, which as peg the company’s claims, largely comprises of highly profitable orders. The company seems to be on track to generate nearly Rs 35 crore million in gross profits.

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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