Marsons share price & results
- Jun 2026
- Sept 2026
Kolkata-based end-to-end manufacturer of power and distribution transformers up to 220 kV EHV class.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 49.3 | +4.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.7 | −0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.9 | −26.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 26.10 | −10.8 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 0.14 | +23.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 33.50 | +145.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −27.1% 1Y
1Y: ₹171.15 on 24 Oct 2025 → ₹124.74. High ₹172.55 (31 Oct 2025), low ₹102.19 (11 Aug 2026).
- Previous close
- ₹117.4
- Market cap
- ₹2.0k Cr
- 52-week range
- ₹102.19 – ₹172.55
- One year
- −27.10%
- Price to earnings (TTM to Jun 2026)
- 45.66×
- Return on equity (TTM to Jun 2026)
- 26.10%
Overview
- Symbol
- NSE:MARSONS
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Marsons Limited does
Based on the company's own presentations, annual report and earnings calls.
Marsons Limited designs, manufactures, supplies, erects, tests and commissions power and distribution transformers ranging from 10 KVA to 160 MVA 220 kV class, alongside furnace, dry-type, cast-resin, solar and instrument transformers, at its single integrated plant in Maheshtala, Kolkata. It runs the only Eastern India (including the North-East) facility equipped to build EHV power transformers up to 220 kV class, and has supplied more than 300,000 transformers globally over six decades. Orders come through EPC contracts, state electricity board/utility tenders, and direct corporate/end-user contracts; the company has recently entered the railway traction-transformer market via a first order from Benaras Locomotive Works and set up a UK subsidiary to pursue exports.
Segments
- Electrical transformers
- Manufacturing plant
- Single integrated plant at Maheshtala, Kolkata spread over ~35,000 sq. m — the only Eastern India (incl. NER) facility equipped to manufacture EHV Power Transformers up to 220 kV class
- Installed capacity
- 4,500 MVA (FY25)
- Product voltage/rating range
- 10 KVA to 160 MVA, 220 kV class
- Transformers supplied (lifetime)
- 300,000+ units supplied globally over six decades
- In-house testing infrastructure
- NABL-accredited Impulse Test Laboratory & Autoclave (set up 1995-96) with a 1600 kV 80 kJ Impulse Generator imported from Haefely Trench, Switzerland
- Quality certifications
- ISO 9001:2008 and ISO 14001:2015 certified
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2017 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 39 | 44 | 56 | 47 | 60 | 46 | 92 | 49 |
| Expenses | 33 | 40 | 46 | 40 | 51 | 39 | 73 | 42 |
| Operating profit | 6 | 4 | 10 | 7 | 9 | 7 | 19 | 7 |
| Operating margin | 15.1% | 9.4% | 18.1% | 15.5% | 14.3% | 14.9% | 20.6% | 14.7% |
| Other income | 2 | 2 | -1 | 1 | 1 | 1 | -0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 6 | 9 | 8 | 9 | 6 | 19 | 7 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −22.0% | 19.8% |
| Net profit | 7 | 6 | 9 | 8 | 9 | 6 | 23 | 6 |
| EPS (₹ per share) | 0.43 | 0.37 | 0.52 | 0.47 | 0.53 | 0.38 | 1.31 | 0.34 |
| Line item | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 0 | 5 | 6 | 168 | 245 |
| Expenses | 22 | 3 | 5 | 143 | 203 |
| Operating profit | -21 | 2 | 1 | 25 | 42 |
| Other income | 2 | 6 | 0 | 3 | 3 |
| Interest | 0 | 3 | 0 | 0 | 1 |
| Depreciation | 2 | 1 | 1 | 0 | 1 |
| Profit before tax | -21 | 3 | 1 | 28 | 42 |
| Net profit | -20 | 3 | 1 | 28 | 46 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 14 | 17 | 17 | 17 |
| Reserves | -13 | -9 | 0 | 105 | 123 | 200 |
| Borrowings | 23 | 15 | 9 | 3 | 3 | 1 |
| Other liabilities | 1 | 6 | 6 | 27 | 24 | 72 |
| Total liabilities | 23 | 23 | 30 | 152 | 167 | 291 |
| Fixed assets | 16 | 13 | 13 | 14 | 15 | 65 |
| Capital work in progress | 0 | 0 | 0 | 0 | 26 | 25 |
| Investments | 0 | 0 | 0 | 37 | 0 | 0 |
| Other assets | 7 | 10 | 17 | 101 | 126 | 200 |
| Total assets | 23 | 23 | 30 | 152 | 167 | 291 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | 0 | -4 | -35 | 2 |
| Cash from investing | 0 | 0 | 8 | 0 | -38 | 12 |
| Cash from financing | 0 | 0 | -8 | 4 | 74 | -4 |
| Net cash flow | 0 | 0 | 0 | 0 | 1 | 10 |
| Free cash flow | 0 | 0 | 8 | -4 | -37 | 0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 7864 | 1586 | 756 | 827 | 148 | 160 |
| Inventory days | — | 78 | 39 | 100 | 42 | 111 |
| Days payable | — | 965 | 302 | 240 | 71 | 107 |
| Cash conversion cycle | 7864 | 700 | 493 | 687 | 120 | 164 |
| Working capital days | 7499 | 1455 | 333 | 75 | 151 | 163 |
| Return on capital employed | −9.0% | −5.0% | 1.0% | 3.0% | 34.0% | 24.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 53.65% as of Sept 2026; institutions added 0.94 pts since Jun 2026.
- Promoters 53.65%
- Foreign institutions 1.06%
- Domestic institutions 0.18%
- Public 45.12%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.41% held
- newly disclosed 1.22% held
- newly disclosed 1.05% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Marsons Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 53.65% | unchanged | |
| 5.35% | −1.58 pp | |
| 4.36% | unchanged | |
| 1.86% | unchanged | |
| 1.41% | newly disclosed | |
| 1.22% | newly disclosed | |
| 1.16% | unchanged | |
| 1.05% | newly disclosed | |
| — | off the list | |
| — | 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.
Your own record
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