Marsons Ltd (517467) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 517467 | NSE: | Electric Equipment | Small Cap

Marsons Share Price

163.25 9.30 6.04%
as on 05-Dec'25 10:38

Marsons Ltd (517467) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 517467 | NSE: | Electric Equipment | Small Cap

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Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Marsons stock performance -

Key Ratios
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P/E Ratio (SA):
81.42
Market Cap:
2,649.5 Cr.
52-wk low:
115
52-wk high:
269.5

Is Marsons Ltd an attractive stock to invest in?


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10 Year X-Ray of Marsons: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Marsons Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.8%2.1%-119.9%-217.3%-24.1%-8.9%-5.6%32.2%3.2%38.1%-
Value Creation
Index
-0.2-0.9NANA-2.7-1.6NA1.3-0.81.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13710016.70.400.31.64.66.5168207
Sales YoY Gr.--27.3%-83.3%-97.9%-100%NA381.8%186.8%41.7%2,506.2%-
Adj EPS 2.1-3.9-23.5-8.6-0.2-0.2-0.1-0.101.61.9
YoY Gr.--280.4%NANANANANANANA3975%-
BVPS (₹) 19.10.4-25.5-34.10.30.1-00.217.18.1
Adj Net
Profit
5.4-9.7-58.8-21.6-2.9-2.2-1.3-1.10.628.133
Cash Flow from Ops. 36.24.2-6.60.9-13.4-0.50.30.1-4.2-35-
Debt/CF from Ops. 2.618-13.199-1.7-46.265.7147.1-2.2-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.3%NA373.1%2506.2%
Adj EPS -3%NANA3975%
BVPS-10.4%92.4%NA598%
Share Price 35.6% 104% 258.3% -36.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.1-27.8394.337.18.8-96.6-272-80.77.34124.8
Op. Profit
Mgn %
122.7-283.2-6339.30-174.7-6.522.718.41514.6
Net Profit
Mgn %
3.9-9.7-351.9-6219.10-676.7-80.7-24.59.716.715.7
Debt to
Equity
277-1.4-16.619.2-91.24.80.600
Working Cap
Days
4624531,56734,20908,0781,67869575912698
Cash Conv.
Cycle
2292201,26225,36607,8291,5365595857476

Recent Performance Summary

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Latest Financials - Marsons Ltd.

Standalone Consolidated
TTM EPS (₹) 1.9 1.9
TTM Sales (₹ Cr.) 207 207
BVPS (₹.) 8.1 8.1
Reserves (₹ Cr.) 123 123
P/BV 18.96 18.96
PE 81.42 81.42
From the Market
52 Week Low / High (₹) 115.00 / 269.50
All Time Low / High (₹) 0.03 / 356.00
Market Cap (₹ Cr.) 2,649
Equity (₹ Cr.) 17.2
Face Value (₹) 1
Industry PE 52.9

Management X-Ray of Marsons:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.0010.8310.8310.833.251.62
* Pledged shares as % of Promoter's holding (%)

Valuation of Marsons - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Marsons

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales10310017000256168
Operating Expenses 9198732211245143
Manufacturing Costs30310011112
Material Costs569160100023129
Employee Cost 1111000001
Other Costs 4310210001112
Operating Profit 122-56-22-1-1-01125
Operating Profit Margin (%) 11.9%2.2%-334.0%-6,339.3%--174.0%-6.5%22.7%18.4%15.0%
Other Income 2112000603
Interest 81050000300
Depreciation 3253221110
Exceptional Items 0000-00-0-0-0-0
Profit Before Tax 3-8-65-23-3-2-13128
Tax -120-2000000
Profit After Tax 4-10-65-22-3-2-13128
PAT Margin (%) 4.0%-9.9%-387.0%-6,219.1%--676.0%-81.1%71.6%9.7%16.6%
Adjusted EPS (₹)1.7-4.0-25.9-8.6-0.2-0.2-0.10.30.01.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 5217-47-6931-0314122
Share Capital 25252525131313131417
Reserves 27-8-72-94-9-11-13-90105
Minority Interest0000000000
Debt717686842223231593
Long Term Debt444442412223231500
Short Term Debt27324444000093
Trade Payables823231170011225
Others Liabilities 201266000442
Total Liabilities 22613776382625232330152

Fixed Assets

Gross Block57575757575757555657
Accumulated Depreciation27283336384041424343
Net Fixed Assets 30292421191716131314
CWIP 0000000000
Investments 3712300000037
Inventories4850000000115
Trade Receivables10539421077791568
Cash Equivalents 1110000001
Others Assets 46670000116
Total Assets 22613776382625232330152

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 274-71-13-000-4-35
PBT 3-8-65-22-3-2-13128
Adjustment 911174221-51-1
Changes in Working Capital 1514118-13002-6-60
Tax Paid 000000000-2
Cash Flow From Investing Activity -25-11-030-08-0-38
Capex 3-10020-08-0-2
Net Investments -2801000000-36
Others 0-00-0100000
Cash Flow From Financing Activity -3-45-2100-0-8474
Net Proceeds from Shares 000000001180
Net Proceeds from Borrowing 30-2-1-180-0-8-50
Interest Paid -7-9-5000000-0
Dividend Paid 0000000000
Others 0512-129-0-0-0-1-6
Net Cash Flow -1-0-0-10-0-0001

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.32-54.1N/AN/A0-96.56N/A235.887.2940.99
ROCE (%)10.792.13N/AN/A-24.07-8.89N/A32.193.238.05
Asset Turnover Ratio0.560.560.160.0100.010.070.20.241.85
PAT to CFO Conversion(x)6.75N/AN/AN/AN/AN/AN/A0-4-1.25
Working Capital Days
Receivable Days286260885007,8681,60865568190
Inventory Days15417554800014102817
Payable Days34222919000072522521238

Marsons Ltd Stock News

Marsons Ltd FAQs

The current trading price of Marsons on 05-Dec-2025 10:38 is ₹163.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Marsons stood at ₹2,649.5.
The latest P/E ratio of Marsons as of 04-Dec-2025 is 81.42.
The latest P/B ratio of Marsons as of 04-Dec-2025 is 18.96.
The 52-week high of Marsons is ₹269.5 and the 52-week low is ₹115.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marsons is ₹206.8 ( Cr.) .

About Marsons Ltd

Established as a private limited company in 1976, Marson’S, is into the business of power generation, EPC contracts, logistics and construction. The company has supplied more than 150,000 transformers across India during the last five decades. Marsons’ foundation has been established by powerful and pragmatic principles backed by hard-core commitment for excellence.

The company, incorporated under the name Marsons Electricals, acquired the proprietorship concern Marsons in 1977. Marsons was into the manufacturing of transformers of different classes and ratings since 1957.

It was converted into a public limited company in July 1981. The company got its present name in December 1990. The company got de-listed from the Delhi Stock Exchange (DSE) with effect from December 11, 2004.

Marsons manufactures power and distribution transformers ranging from 10 KVA to 100 MVA 132 KV class, furnace transformers, dry type transformers and various types of special application transformers. The company’s transformers of various rating have been successfully type-tested at CPRI in Bhopal and Bangalore.

In 1994, the company came out with a public issue to part finance the expansion of its facilities to manufacture power transformers up to 66 kV and 132 kV class, upto 20 MVA rating.

Marson’S constantly updates its products with the latest development and innovations in the industry. The company’s plant is located in Kolkata, spread over an area of 35,000 square feet with a built-up area of approximately 18,000 square meter. The plant is fully equipped to manufacture power transformers of up to 100 MVA 132 KV class. It recently upgraded the facilities to manufacture EHV power transformers up to 160 MVA 220 KV Class.

Marsons is among the first to set up Impulse Testing Laboratory and Autoclave (Vacuum Heating System) way back in 1995-96. The laboratory is equipped with 1600KV 80 KJ impulse generator imported from Haefely Trench of Switzerland. Its laboratory is also fully equipped to perform all required routine tests and temperature rise test for various ratings of power transformers up to the range of 160 MVA 220 KV class.

The testing departments with its hi-end equipment play a decisive role in the implementation of quality. It has two laboratories, both equipped with modern machineries and precision instruments; tests are conducted separately with one laboratory being alloted for high/ medium voltage transformers and the other one for medium/ low voltage transformers. 

Product Range:

a) Power Transformers up to 160 MVA 220 KV class -

  • Generator Transformers
  • Unit Auxiliary Transformers
  • Station Auxiliary Transformers
  • Power Transformers
  • Auto Transformers

b) Distribution Transformers -

  • 10 KVA, 11 KV/0.433 KVA
  • Single Phase 5 KVA to 40 KVA
  • Dry Type Transformers up to 2 MVA 33 KV class

c) Furnace Transformers up to 50 MVA -

  • Arc Furnace Transformers
  • Submerged ARC Furnace Transformers
  • Ladle Furnace Transformers
  • Induction Furnace Transformers
  • DC Arc Furnace Transformers

d) Instruments Transformers -

  • Current Transformers up to 132 KV class
  • Potential Transformers

e) Unitized Substation up to 2 MVA 33/11 KV class.

Clientele:

  • The company’s valued clientele includes some of the best-known names in power, infrastructure and other critical industries. Customers range from urban utility services and power plants to defence, railways, and other industries.
  • State Electricity Boards and Power Utilities -- Rajasthan, West Bengal, Assam, Madhya Pradesh, Andhra Pradesh, Maharashtra, Jharkhand, Chhattishgarh, Bihar, Orissa, Government of Manipur, Meghalaya, Uttar Pradesh, Uttaranchal, Tamilnadu and Kerala.
  • Corporate Customers -- ABB, Areva T & D, CESC, DPL, North Eastern Cable & Conductors, Techno Electric & Engg, Siemens, BHEL, Crompton, L&T , Tata Group of Companies, Reliance Group, Prakash Industries, Bharti Airtel, Bhushan Steel, Megatherm.
  • Overseas Customers -- UK-based Castle Cement, Ethiopia’s Yesu PLC, Dubai’s Teklec, UK’s Bowers Electricals and Jordan’s Alarabia Co.

Subsidiary

Advance Power Technologies -- The subsidiary company is engaged in the same line of business as Marson’S with more thrust on manufacturing of small capacities electric transformers.

Achievements:

Marson’S is an ISO 9001:2000 certified company.

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