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Marushika Technology Ltd (MARUSHIKA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MARUSHIKA Trading | Small Cap | Marushika Technology Share Price

BSE Share Price
Not Listed

Marushika Technology Ltd (MARUSHIKA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MARUSHIKA Trading | Small Cap | Marushika Technology Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹77 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹10.6
TTM Sales
₹116 Cr.
Book Value per Share
₹20.6
P/E Ratio
8.51
Lower than its 5-year historical median
Industry PE
37.3
Price to Book (P/B)
4.38
In line with its 5-year historical median
Price to Sales (P/S)
0.66
Lower than its 5-year historical median
EV/EBITDA
6.02
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
55.94%
Return on Capital Employed (ROCE)
34.35%
Return on Assets (ROA)
12.94%
Operating Profit Margin
12.9%
Net Profit Margin
7.56%
Gross Profit Margin
10.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
56.59%
Operating Profit Growth (1 Year)
-
96.96%
Net Profit Growth (1 Year)
-
158.63%
Asset Quality
Promoter Holding
58.19%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9 Cr.
Equity
₹8.5 Cr.
Face Value
₹10
All Time Low / High
- / -

Marushika Technology stock performance

Key Ratios
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Check Before You Invest

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M-Cap below 100cr DeciZen not available

Q.1 Is Marushika Technology Ltd a good quality company?
Marushika Technology Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Marushika Technology Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Marushika Technology Ltd vs industry peers?
Marushika Technology Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 4.99%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Marushika Technology Ltd?
Promoters hold 58.19% of the Marushika Technology Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Marushika Technology Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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10 Year X-Ray :

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.
Marushika Technology Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ13.9%27.1%34.4%-
Value Creation
Index ⓘ		0.00.91.5-

Growth Parameters ⓘ
Sales ⓘ3754.485.3116
Sales YoY Gr.-47.2%56.6%-
Adj EPS ⓘ0.83.910.310.6
YoY Gr.-364.3%163.9%-
BVPS (₹) ⓘ712.824.520.6
Adj Net
Profit ⓘ		0.52.46.49
Cash Flow from Ops. ⓘ-3-6.60.7-
Debt/CF from Ops. ⓘ-3.3-328.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA56.6%
Adj EPS ⓘNANANA163.9%
BVPSⓘNANANA90.6%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		12.140.955.747
Op. Profit
Mgn % ⓘ		5.810.312.9NAN
Net Profit
Mgn % ⓘ		1.34.47.57.8
Debt to
Equity ⓘ		2.62.51.4-
Working Cap
Days ⓘ		02341930
Cash Conv.
Cycle ⓘ		086940

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales36.9954.4485.25
Operating Expenses ⓘ + 34.9548.8574.24
Manufacturing Costs7.875.1515.29
Material Costs23.4040.1554.38
Employee Cost 0.770.820.96
Other Costs ⓘ 2.912.743.60
Operating Profit ⓘ 2.045.5911.01
Operating Profit Margin (%) 5.5%10.3%12.9%
Other Income ⓘ + 0.040.220.38
Exceptional Items ⓘ 000
Interest ⓘ 1.342.172.39
Depreciation ⓘ 0.190.250.39
Profit Before Tax ⓘ 0.553.398.61
Tax ⓘ 0.150.912.17
Profit After Tax 0.402.496.44
PAT Margin (%) 1.1%4.6%7.6%
Adjusted EPS (₹)0.74.110.3
Dividend Payout Ratio (%)0%0%0%

Valuation of Marushika Technology - Standalone

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

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

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3.817.7915.24
Share Capital ⓘ 0.780.876.23
Reserves ⓘ 3.036.939.01
Debt +8.2017.7219.21
Long Term Debt1.951.902.55
Short Term Debt6.2515.8216.66
Minority Interest000
Trade Payables15.2616.7912.29
Others Liabilities ⓘ 3.174.166.39
Total Liabilities ⓘ 30.4346.4653.12

Fixed Assets

Net Fixed Assets ⓘ +1.401.641.92
Gross Block1.802.292.96
Accumulated Depreciation0.400.651.04
CWIP ⓘ 001.65
Investments ⓘ 00.030.03
Inventories000
Trade Receivables24.1637.6539.85
Cash Equivalents 0.903.241.09
Others Assets ⓘ 3.983.908.57
Total Assets ⓘ 30.4346.4653.12

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -2.95-6.560.74
PBT ⓘ 0.553.398.61
Adjustment ⓘ 1.652.172.58
Changes in Working Capital ⓘ -4.89-11.97-9.05
Tax Paid ⓘ -0.27-0.16-1.40
Cash Flow From Investing Activity ⓘ + -0.63-0.50-3.31
Capex -0.34-0.49-2.09
Net Investments 0-0.030
Others ⓘ -0.290.03-1.21
Cash Flow From Financing Activity ⓘ + 4.229.400.42
Net Proceeds from Shares ⓘ 01.501
Net Proceeds from Borrowing ⓘ 1.440.270.84
Interest Paid ⓘ -1.32-1.94-2.32
Dividend Paid ⓘ 000
Others ⓘ 4.119.570.90
Net Cash Flow ⓘ 0.642.34-2.15

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)10.5742.8555.94
ROCE (%)13.8727.0934.35
Asset Turnover Ratio1.221.421.71
PAT to CFO Conversion(x)-7.38-2.630.11
Working Capital Days
Receivable Days238.40207.20165.90
Inventory Days000
Payable Days238145.7097.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Marushika Technology Ltd FAQs

The current trading price of Marushika Technology on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Marushika Technology stood at ₹76.79 Cr

The latest P/E ratio of Marushika Technology as of 31-Dec-1969 is 8.51.

The latest P/B ratio of Marushika Technology as of 31-Dec-1969 is 4.38.

The 52-week high of Marushika Technology is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marushika Technology is ₹116 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Marushika Technology Ltd is a below average quality company.

The key valuation ratios of Marushika Technology Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Marushika Technology Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Marushika Technology Ltd

Marushika Technology was incorporated on July 3, 2010 in the name of Marushika Traders and Advisors Private Limited. The name of the company was changed to Marushika Technology Advisors Private Limited on March 22, 2016. The company was converted into a Public Limited company and the name was changed to Marushika Technology Advisors Limited effective August 29, 2024. The name of the company was subsequently changed to Marushika Technology Limited with effect from December 20, 2024.

The company is engaged in the business of distribution of Information Technologies (IT) and Telecom Infrastructure products. It provides wide range of IT products and services to its clients in setting up their data centre’s infrastructure, active networking, telecom system, advanced surveillance systems, data protection, cybersecurity and power management. It also offers installation, maintenance services and assists clients in selecting the right type of IT infrastructure for their specific need. Additionally, it offers a range of smart solution including smart access control, parking, lighting, and waste management.

Further, the company has expanded its offerings to include Auto-tech solutions for Defence, where it offers various services comprising of maintenance, refurbishment, and reverse engineering of tracked and wheeled military vehicles. The company primarily operates on a Business to Business (B2B) model and Business-to-Government (B2G). It generates revenue by providing services to both government and non-government clients, where the ultimate end customer is often a government. It offers product and service to Infrastructure projects of various verticals of Central & State Government and Public Sector Units (PSU) such as Defence, IT and Telecom Infra, Transportation, Education and Health.

Business area of the company 

The company is engaged in the business of distribution of Information Technologies (IT) and Telecom Infrastructure products. It provides wide range of IT products and services to its clients in setting up their data centre’s infrastructure, active networking, telecom system, advanced surveillance systems, data protection, cybersecurity and power management.

Products and Services of the company

IT & Telecom Infra Solutions: 

  • Data center IT Infrastructure
  • Server & Internet Protocol Private Branch Exchange (IPBX) Systems
  • Videowall Display Solutions
  • Electronic Security Surveillance Systems
  • Public Address Systems
  • Powers Solutions
  • Active Networking
  • Passive IT Infrastructure

Smart Solutions

  • Smart Services
  • Physical Access Control Systems
  • Solid Waste Management Systems

Awards, accreditations and recognition 

  • 2017: Partner for Mission Critical Infra Solution by M/s DELTA (a Taiwan based MNC).
  • 2019: Best Partner Award by M/s Rittal (a Germany based MNC).
  • 2022: Strategic Partner Government Projects Award by M/s Prama (a Germany based MNC).
  • 2023-24: Most Valued Partner Award by M/s Commend (an Austria based MNC).
  • 2023-24: Most Valuable Partner LVX 2023 (North) Award by M/s Barco (a Belgium based MNC).

History and milestones

  • 2016: The company secured the full-fledged SI work of CCTV Surveillance System for Indian Railway from Central PSU and Enter into the Smart Solution. 
  • 2016: The company secured the first purchase order (PO) from a major and reputed MSI like Mahindra Defence.
  • 2017: The company developed and delivered 1st Edge Mini Data Center case with Rittal for NIELIT (Min of Electronic and IT).
  • 2018: The company secured data enter (DC) Infra Comprehensive Annual Maintenance Contract (CAMC) Work for Airforce with Rittal and delivered 1st case of Barco video wall for Ministry of Home Affairs (MHA). 
  • 2018: The company delivered 1st project for Smart Parking with IRAM Technologies Private Limited for Ahmedabad Smart Parking. 
  • 2018: The company received its 1st order from Bharat Electricals Limited (BEL) for National Technical Research Organisation (NTRO) Networking Work.
  • 2019: The company provided Delhi CCTV, New Delhi Municipal Council (NDMC) Smart City, fully developed & delivered Smart City Cases awarded to BEL by Ministry of Urban Development (MoUD).
  • 2020: The company’s turnover stood at Rs 50 crore.
  • 2020: The company received its 1st direct order from BEL for BARCO Video Wall for their incampus excellence center.
  • 2021: The company received the work for Data Center and Passive IT Infrastructure for Air Force Network (AFNET), the largest project for MATA, executed throughout the lockdown period. 
  • 2021: The company received Data Center Infrastructure to be built at RCB Faridabad.
  • 2022: Started working on Transport Segment especially in Metros and received direct order from DMRC for Commend PAS System. 
  • 2022: The company received direct order from Delhi Metro Rail Corporation (DMRC) for Telephony System for Noida Metro Section with Core IP Technology Partner and Commend Public Address System (PAS) System.
  • 2023: The company successfully established MATA Singapore subsidiary for International Presence.
  • 2023: Received the POs for biggest direct Govt work from BEL for DMRC.
  • 2023: IIT Roorkee Multimedia Case, fully developed and delivered. Also secured and delivered another Projector work for Class rooms.
  • 2023: The company received direct order from Railtel for establishment of DC Infra at 3 Southern Western Railways (SWR) Railway sites.
  • 2024: The company received direct order from BHEL for UP Dial 112 Barco Video Wall and UP Dial 112 Prama CCTV. 
  • 2024: The company secured the order through open bidding of Rs 2.96 crore for deployment of Hydraullic Systems in battlefield & mission critical vehicles. 
  • 2024: The company achieved turnover of Rs 50 crore (approximately) till Quarter -2. 
  • 2024: Diversified into Defense Vertical (Infantry Segment).

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