MARSONS
Marsons share price & financials
- Price
- ₹112.78
- Market cap
- ₹2.2k Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 4.7%, net profit down 26.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 44 | 56 | 47 | 60 +55% | 46 +4% | 93 +66% | 49 +5% |
| EBITDA | 6 | 4 | 10 | 7 | 9 +48% | 7 +65% | 19 +88% | 7 −1% |
| Net profit | 7 | 6 | 9 | 8 | 9 +23% | 6 +3% | 23 +152% | 6 −26% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −8.2% YTD
YTD: ₹138.54 on 13 Mar 2026 → ₹127.24. High ₹170.76 (7 May 2026), low ₹102.19 (11 Aug 2026).
Financials, as filed
Revenue grew 3097.8% a year over 2 years, FY19 to FY26. Operating margin widened to 17.0%.
| Year ending | FY19 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹0 Cr | ₹168 Cr | ₹245 Cr |
| Operating profit | ₹-21 Cr | ₹25 Cr | ₹42 Cr |
| Operating margin | -8912.5% | 14.9% | 17.0% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹2 Cr | ₹0 Cr | ₹1 Cr |
| Net profit | ₹-20 Cr | ₹28 Cr | ₹46 Cr |
| Net margin | -8208.3% | 16.6% | 18.9% |
| Cash from operations | ₹1 Cr | ₹-35 Cr | ₹2 Cr |
| Free cash flow | ₹1 Cr | ₹-37 Cr | ₹0 Cr |
| ROCE | -89.0% | 34.0% | 25.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY17 | FY18 | FY19 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹14 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹18 Cr | ₹-74 Cr | ₹-94 Cr | ₹0 Cr | ₹123 Cr | ₹200 Cr |
| Borrowings | ₹76 Cr | ₹86 Cr | ₹84 Cr | ₹9 Cr | ₹3 Cr | ₹1 Cr |
| Other liabilities | ₹44 Cr | ₹36 Cr | ₹23 Cr | ₹6 Cr | ₹24 Cr | ₹72 Cr |
| Total liabilities | ₹163 Cr | ₹73 Cr | ₹38 Cr | ₹30 Cr | ₹167 Cr | ₹291 Cr |
| Fixed assets | ₹56 Cr | ₹24 Cr | ₹21 Cr | ₹13 Cr | ₹15 Cr | ₹65 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹26 Cr | ₹25 Cr |
| Investments | ₹10 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹96 Cr | ₹49 Cr | ₹17 Cr | ₹17 Cr | ₹126 Cr | ₹200 Cr |
| Total assets | ₹163 Cr | ₹73 Cr | ₹38 Cr | ₹30 Cr | ₹167 Cr | ₹291 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.28 pp while DIIs added +0.17 pp.
- Promoters
- 53.6%
- FIIs
- 0.1%
- DIIs
- 0.2%
- Public
- 46.0%
Since Jun 2025
- Public −0.28 pp
- DIIs +0.17 pp
- FIIs +0.11 pp
How it drifted, 12 quarters
Over this window promoters fell from 66.7% to 53.6% — −13.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 66.7%, Public 33.3%.Dec '23: Promoters 66.7%, Public 33.3%.Mar '24: Promoters 66.2%, Public 33.8%.Jun '24: Promoters 53.6%, Public 46.3%.Sep '24: Promoters 53.6%, DIIs 0.0%, Public 46.3%.Dec '24: Promoters 53.6%, Public 46.4%.Mar '25: Promoters 53.6%, Public 46.3%.Jun '25: Promoters 53.6%, FIIs 0.0%, Public 46.3%.Sep '25: Promoters 53.6%, FIIs 0.0%, Public 46.3%.Dec '25: Promoters 53.6%, FIIs 0.0%, Public 46.3%.Mar '26: Promoters 53.6%, FIIs 0.1%, DIIs 0.1%, Public 46.1%.Jun '26: Promoters 53.6%, FIIs 0.1%, DIIs 0.2%, Public 46.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Marsons Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Yashoda Inn Private Limited | 53.65% | unchanged |
| Anupriya Consultants Pvt Ltd | 6.93% | −1.67 pp |
| Jms Mines & Minerals Private Limited | 4.36% | unchanged |
| Bagrrys Holding Limited | 1.86% | unchanged |
| Hemant Kumar Jain | 1.51% | −0.22 pp |
| L7 Hitech Private Limited | 1.22% | −0.17 pp |
| Vivek Kumar Singhal | 1.16% | unchanged |
| Sanjeev Khaitan | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹127, this stock must grow earnings at 30% every year for 7 years. Our analysis caps realistic growth at ~77%. At that growth it is worth ₹979 — upside of 669%.
- Growth the price implies
- 30.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 76.2% a year
- net profit, FY25–FY26 · EPS 77.1%
- The gap
- -0.5 pp
- 669% downside if it only repeats history
Learn to analyse Marsons Limited
Guides on how to read this kind of business and the numbers that matter.