MARUSHIKA

Marushika Technology Limited

Listed company · ISIN INE0X7G01013 · NSE SM · FV ₹10
Last price
₹120
-0.08%today
What this company does

Marushika Technology Limited is a listed company. It booked ₹83 cr of revenue in its latest half year (H1 FY27) and kept 8.4% of sales as profit.

68out of 100
Equitytale Health Score
Solid

Healthier than 68% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 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)
59

At close. Not part of the score.

Profitability & returns82

How much profit it earns on the money it employs

Balance sheet59

How much it owes, and whether earnings cover the interest

Cash quality32

Whether reported profit actually arrives as cash

Valuation71

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 healthy
Strengths
✓ Makes a profit
✓ Promoters hold 58%
✓ No promoter shares pledged
✓ Strong 31% return on equity
Watch-outs
None flagged from our data

What if I invest in MARUSHIKA?

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 We do not publish price targets or predict returns.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 half year + price
₹120▼ -0.08%
latest close · 2026-11-04
52-wk low ₹8958 sessions so far52-wk high ₹123
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 ratio7.3Low
LowAverageHigh
P/B ratio2.24Moderate
Below bookModerateHigh
EV / EBITDA6.1Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity30.8%Strong
WeakFairStrong ▸15%
Return on capital31.5%Strong
WeakFairStrong
Net margin8.4%Decent
ThinDecentStrong
EBITDA margin11.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.36Comfortable
LowModerateHigh ▸1
Interest cover16.5×Strong
RiskyOkayStrong ▸5×
Current ratio2.30Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹102 cr
Book value
₹54
EPS
₹8.25
latest half year
Net debt
₹14 cr
owes more than its cash
Enterprise value
₹117 cr
EBITDA
₹19 cr
annualised
EBIT
₹19 cr
annualised
Operating margin
11.5%
Return on assets
14.4%
Earnings yield
13.75%
P/S
0.61
Sales / share
₹195.5
Tax rate
22.0%
Face value
₹10
Shares
0.9 cr
Working capital
₹48 cr
Current assets
₹85 cr
Current liabilities
₹37 cr
Delivery %
84.2%
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 half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

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 ₹102–₹102, midpoint ₹102

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 · H1 FY27 (consolidated)
Revenue from Operations₹83 cr
Other Income₹5.9 L
Total Income₹84 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹70 cr
Employee Benefit Expense₹2 cr
Finance Costs₹58.1 L
Other Expenses₹1 cr
Total Expenses₹74 cr
Profit before Tax₹9 cr
Tax Expense₹2 cr
Net Profit₹7 cr
Net margin on total income8.4%
Where the money goes · H1 FY27
% of total income
Materials + stock-in-trade₹70 cr84.1%
Employee benefit expense₹2 cr2.1%
Finance costs₹58.1 L0.7%
Other expenses₹2 cr2.2%
Tax expense₹2 cr2.4%
Profit for the period₹7 cr8.4%
Total income ₹84 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH2 FY26H1 FY27
Revenue68 cr83 cr
Total income68 cr84 cr
Expenses59 cr74 cr
Profit before tax8 cr9 cr
Tax3 cr2 cr
Net profit (owners' share)6 cr7 cr
Net margin (owners' share, on revenue)8.6%8.4%
EPS (₹)8.638.25
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹98 cr
Shareholder equity
₹46 cr
parent shareholders
Total debt
₹16 cr
Cash
₹2 cr
Who owns it · 2026-09-30
No pledge
Promoter
58.2%
FII / Foreign
5.6%
DII / Domestic
8.6%
Retail / others
27.7%
Smart-money activity
Bulk / block deals
SoldLONGTHRIVE CAPITAL VCC - TRENDVIEW CAPITAL FUND · NSE85,200 @ ₹110.2516 Oct 26
BoughtBEENA JAIN · NSE44,400 @ ₹117.839 Sep 26
SoldDEVANSH GOEL · NSE43,200 @ ₹115.0926 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2026
See the official result
1
1. Adoption of Financial Statements a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026, the reports of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.52 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Ms. Sonika Aggarwal (DIN: 00025785), who retires by rotation and being eligible offers herself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
9.52 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
Appointment of M/s Amresh & Associates, Practicing Company Secretaries as Secretarial Auditors.
Backed by 100% of shareholders other than promotersneeded 50%
9.52 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
To Appoint Mr. Shobhan Chaudhuri (DIN:06636932) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
9.52 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

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 — 25 named members
owning 58.2% between them · as of 2026-09-30
MONICCA AGARWAAL38.61%
JAI PRAKASH PANDEY16.02%
SONIKA AGGARWAL3.56%
Dhawal Uniyalno shares
Dhruven Enterprises Private Limitedno shares
Dhruven Wadhwano shares
Dimple Pandeyno shares
Gokaran Dwivedino shares

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.

₹27 cr raised in Feb 2026 by selling shares to the public

As of Mar 2026, the company says it has spent 100% of what it set aside.

Issue related expenses
100%
₹4 cr of ₹4 cr
Working Capital requirement
100%
₹15 cr of ₹15 cr
General Corporate Purposes
100%
₹3 cr of ₹3 cr
Repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company
100%
₹5 cr of ₹5 cr

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.