MARSONSIndustrials

Marsons Limited

Heavy Electrical Equipment · ISIN INE415B01044 · BSE 517467 · NSE EQ · FV ₹1
Last price
₹122
+0.11%today
What this company does

Marsons Limited operates in Heavy Electrical Equipment, part of the Industrials sector. It booked ₹49 cr of revenue in its latest quarter (Q1 FY27) and kept 12.0% of sales as profit.

58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
49

At close. Not part of the score.

Profitability & returns61

How much profit it earns on the money it employs

Balance sheet86

How much it owes, and whether earnings cover the interest

Cash quality34

Whether reported profit actually arrives as cash

Valuation10

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Promoters hold 54%
No promoter shares pledged
Virtually debt-free
Watch-outs
None flagged from our data

What if I invest in MARSONS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹122 +0.11%
latest close · 2026-09-17
52-wk low ₹10042 sessions so far52-wk high ₹144
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio89.5High
LowAverageHigh
P/B ratio9.62High
Below bookModerateHigh
EV / EBITDA65.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.9%Fair
WeakFairStrong ▸15%
Return on capital14.2%Fair
WeakFairStrong
Net margin12.0%Decent
ThinDecentStrong
EBITDA margin16.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover21.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.66Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,094 cr
Book value
₹13
EPS
₹0.34
latest quarter
Net debt
₹-7 cr
more cash than debt
Enterprise value
₹2,087 cr
EBITDA
₹32 cr
annualised
EBIT
₹31 cr
annualised
Operating margin
15.7%
Return on assets
8.2%
Earnings yield
1.12%
P/S
10.63
Sales / share
₹11.4
Tax rate
19.7%
Face value
₹1
Shares
17.2 cr
Working capital
₹121 cr
Current assets
₹193 cr
Current liabilities
₹73 cr
Delivery %
29.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹22₹22, midpoint ₹22

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹49 cr
Other Income₹74.6 L
Total Income₹50 cr
Cost of Materials₹47 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-7 cr
Employee Benefit Expense₹80.4 L
Finance Costs₹36.2 L
Depreciation & Amortisation₹23.6 L
Other Expenses₹2 cr
Total Expenses₹43 cr
Profit before Tax₹7 cr
Tax Expense₹1 cr
Net Profit₹6 cr
Net margin on total income11.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹40 cr79.3%
Employee benefit expense₹80.4 L1.6%
Finance costs₹36.2 L0.7%
Depreciation & amortisation₹23.6 L0.5%
Other expenses₹2 cr3.1%
Tax expense₹1 cr2.9%
Profit for the period₹6 cr11.9%
Total income ₹50 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27
Revenue93 cr49 cr
Total income93 cr50 cr
Expenses74 cr43 cr
Profit before tax19 cr7 cr
Tax-4 cr1 cr
Net profit (owners' share)23 cr6 cr
Net margin (owners' share, on revenue)24.4%12.0%
EPS (₹)1.310.34
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹291 cr
Shareholder equity
₹218 cr
parent shareholders
Total debt
₹69.8 L
Cash
₹8 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limited₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.04%
trailing 12 months
Dividend / share (TTM)
₹0.05
Last dividend
₹0.05
ex 3 Dec 2025
ActionDetailEx-date
Dividend₹0.05 / share3 Dec 2025
Dividend₹0.1 / share6 Dec 2012
Who owns it · 2026-06-30
No pledge
Promoter
53.6%
FII / Foreign
0.1%
DII / Domestic
0.2%
Retail / others
46.0%
Smart-money activity
Bulk / block deals
SoldPROGNOSIS SECURITIES PVT. LTD · NSE9.09 L @ ₹131.1710 Sep 26
BoughtPROGNOSIS SECURITIES PVT. LTD · NSE7.08 L @ ₹131.2810 Sep 26
BoughtARIHANT CAPITAL MARKETS LIMITED · NSE16.05 L @ ₹132.8810 Sep 26
Stake changes
SoldANUPRIYA CONSULTANTS PVT LTD→ 6.93% · 28.66 L1 Jun 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 53.6% between them · as of 2026-06-30
YASHODA INN PRIVATE LIMITED53.65%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹80.3 L raised in Apr 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 93% of what it set aside.

The proposed issue of 3,21,00,000 Equity Shares to Strategic Investors (being Non- Promoters) on Preferential allotment basis is being made for cash with the object of meeting the working capital requirements, and general corporate purposes in order to support the future growth plan of the Company.
93%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.