MARSONS LIMITED

BSE: MARSONS517467ISIN INE415B01044

Industrials
Heavy Electrical Equipment
BSE Industrials

Share price

₹151.60-2.20 (-1.43%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹176.40
52W low: ₹100.45
Off 52W high: -14.06%
1M return: +32.63%
3M return: +40.50%
6M return: -2.13%
1Y return: -10.59%
20D avg volume: 2,94,202
50 DMA: ₹127.13
200 DMA: ₹131.21

Key ratios Consolidated

Market cap: ₹2,609 Cr
Current price: ₹151.60
52W high / low: ₹176.40 / ₹100.45
Face value: ₹1.00
P/E: 59.00
P/B: 11.99
EPS (TTM): ₹2.57
Book value / share: ₹12.64
ROE: —
ROCE: 20.00%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-6.90 Cr
Interest cover: 32.07
Dividend yield: 0.03%
Dividend / share (TTM): ₹0.05
Payout: 1.95%
Cash conversion cycle: 162.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q4 FY24
Income statement
	49.26	92.65	45.94	59.80	47.03	55.80	44.17	—
	0.75	0.00	0.64	0.93	0.99	-1.13	2.37	—
	50.01	92.65	46.58	60.74	48.02	54.67	46.54	—
	42.62	74.10	40.10	51.54	39.99	45.64	40.22	—
	46.71	70.15	32.61	49.18	33.63	50.76	39.21	—
	0.00	0.33	0.00	0.00	0.00	0.00	—	—
	0.80	0.95	0.85	0.84	0.81	0.72	0.18	—
	0.36	0.37	0.80	0.09	0.10	0.07	0.04	—
	0.24	0.14	0.23	0.22	0.17	-0.09	0.18	—
	1.55	5.18	1.25	1.61	1.24	4.90	0.32	—
	7.39	18.55	6.48	9.20	8.03	9.04	6.33	—
	0.00	-0.01	0.00	0.00	0.00	-0.05	0.00	—
	7.39	18.54	6.48	9.20	8.03	8.99	6.33	—
	1.46	4.07	0.00	0.00	0.00	0.00	0.00	—
	5.93	22.62	6.48	9.20	8.03	8.99	6.33	—
	0.34	1.31	0.38	0.53	0.47	0.52	0.37	—
Key metrics
	7.99	19.05	7.51	9.51	8.30	8.97	6.55	—
	16.20%	20.60%	16.30%	15.90%	17.60%	16.10%	14.80%	—
	12.00%	24.40%	14.10%	15.40%	17.10%	16.10%	14.30%	—
	—	8.70%	—	6.60%	—	7.40%	—	—
	4.70%	66.00%	4.00%	—	—	—	—	—
	-26.20%	151.60%	2.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	247.65	245.43	168.36	—
	2.32	2.04	3.41	—
	249.98	247.47	171.77	—
	208.36	205.20	143.70	—
	198.65	185.57	139.35	—
	0.33	0.33	0.00	—
	3.44	3.45	1.16	—
	1.62	1.36	0.15	—
	0.83	0.75	0.37	—
	9.59	8.76	13.39	—
	41.62	42.26	28.07	—
	-0.01	-0.01	-0.05	—
	41.61	42.25	28.02	—
	5.53	-4.07	0.00	—
	44.23	46.33	28.02	—
	2.56	2.69	1.63	—
Key metrics
	44.06	44.36	28.54	—
	17.79%	18.10%	17.00%	—
	17.86%	18.90%	16.60%	—
	—	20.00%	23.00%	—
	—	45.80%	—	—
	—	65.30%	—	—
	—	-0.03	-36.94	—
	—	0.03	-1.25	—
	—	0.00	0.02	—
	—	-6.90	2.22	—
	—	162.5	126.2	—
Balance sheet
	—	290.78	152.44	—
	—	193.15	100.95	—
	—	7.60	0.37	—
	—	107.34	68.28	—
	—	58.01	14.95	—
	—	15.61	13.87	—
	—	64.90	14.19	—
	—	56.07	24.99	—
	—	72.57	29.93	—
	—	0.70	2.59	—
	—	0.10	2.59	—
	—	0.60	0.00	—
	—	217.61	122.51	—
Cash flow
	—	1.62	-35.02	—
	—	12.10	-37.61	—
	—	-3.97	73.68	—
	—	1.65	1.92	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	49.26	92.26	45.94	59.80	47.03	55.80	44.17	38.51	29.88	3.77	0.65	1.80
	0.75	0.00	0.64	0.93	0.99	1.13	2.37	1.81	0.36	0.03	0.01	0.12
	50.01	92.26	46.58	60.74	48.02	54.67	46.54	40.32	30.24	3.80	0.65	1.92
	42.62	73.74	40.10	51.54	39.99	45.64	40.22	32.85	25.00	3.35	0.50	1.47
	46.71	70.15	32.61	49.18	33.63	50.76	39.21	31.23	18.15	1.68	0.51	0.75
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.80	0.95	0.85	0.84	0.81	0.72	0.18	0.16	0.10	0.10	0.09	0.11
	0.36	0.37	0.80	0.09	0.10	0.06	0.04	0.01	0.03	0.00	—	—
	0.24	0.14	0.23	0.22	0.17	-0.09	0.18	0.14	0.14	0.18	0.18	0.17
	1.55	5.15	1.25	1.61	1.24	4.90	0.32	1.01	6.30	0.46	0.17	0.21
	7.39	18.52	6.48	9.20	8.03	9.04	6.33	7.47	5.24	0.45	0.15	0.45
	0.00	-0.01	0.00	0.00	0.00	-0.05	—	—	—	0.00	—	—
	7.39	18.51	6.48	9.20	8.03	8.99	6.33	7.47	5.24	0.45	0.15	0.45
	1.46	-4.07	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	5.93	22.58	6.48	9.20	8.03	8.99	6.33	7.47	5.24	0.45	0.15	0.45
	0.34	1.31	0.38	0.53	0.47	0.52	0.37	0.43	0.30	0.03	0.01	0.03
Key metrics
	7.99	19.02	7.51	9.51	8.30	8.96	6.55	7.62	5.41	0.63	0.33	0.62
	16.20%	20.60%	16.30%	15.90%	17.60%	16.10%	14.80%	19.80%	18.10%	16.70%	50.80%	34.40%
	12.00%	24.50%	14.10%	15.40%	17.10%	16.10%	14.30%	19.40%	17.50%	11.90%	23.10%	25.00%
	—	8.70%	—	6.60%	—	7.40%	—	—	—	—	—	—
	4.70%	65.30%	4.00%	55.30%	57.40%	1,380.10%	6,695.40%	2,039.40%	—	—	—	—
	-26.20%	151.20%	2.40%	23.20%	53.20%	1,897.80%	4,120.00%	1,560.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	247.26	245.03	168.36	6.46	4.56	1.59
	2.32	2.04	3.41	0.16	6.29	0.03
	249.59	247.07	171.77	6.62	10.86	1.62
	208.00	204.85	143.70	5.99	7.59	2.90
	198.65	185.57	139.35	2.97	2.59	—
	0.00	0.00	0.00	—	—	0.34
	3.44	3.45	1.16	0.36	0.26	0.24
	1.62	1.36	0.15	0.00	3.16	—
	0.83	0.75	0.37	0.70	0.90	1.21
	9.56	8.73	13.39	1.11	0.61	1.18
	41.59	42.23	28.07	0.63	3.27	-1.28
	-0.01	-0.01	-0.05	0.00	0.00	-0.01
	41.58	42.22	28.02	0.63	3.27	-1.29
	-2.61	-4.07	0.00	—	—	—
	44.19	46.29	28.02	0.63	3.27	-1.29
	2.56	2.69	1.63	0.04	0.26	-0.10
Key metrics
	44.03	44.33	28.54	1.33	7.33	-0.08
	17.81%	18.10%	17.00%	20.60%	160.70%	-5.00%
	17.87%	18.90%	16.60%	9.80%	71.70%	-81.10%
	—	20.00%	23.00%	—	—	—
	33.29%	45.50%	2,506.20%	41.70%	186.80%	—
	43.38%	65.20%	4,347.60%	-80.70%	353.50%	—
	—	-0.05	-36.95	—	—	—
	—	0.03	-1.25	—	—	—
	—	0.00	0.02	—	—	—
	—	-6.83	2.28	—	—	—
	—	162.7	126.2	—	—	—
Balance sheet
	—	290.70	152.42	—	—	—
	—	193.03	100.89	—	—	—
	—	7.53	0.31	—	—	—
	—	107.29	68.28	—	—	—
	—	58.01	14.95	—	—	—
	—	15.61	13.87	—	—	—
	—	64.90	14.19	—	—	—
	—	56.05	24.99	—	—	—
	—	72.55	29.93	—	—	—
	—	0.70	2.59	—	—	—
	—	0.10	2.59	—	—	—
	—	0.60	0.00	—	—	—
	—	217.55	122.49	—	—	—
Cash flow
	—	1.60	-35.03	—	—	—
	—	12.10	-37.66	—	—	—
	—	-3.97	73.68	—	—	—
	—	1.65	1.92	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +277.36%
Sales CAGR 5Y: —
Profit CAGR 3Y: +141.91%
Profit CAGR 5Y: —
Sales YoY (TTM): +33.29%
Profit YoY (TTM): +43.38%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 53.65%

Quarter	September 2026	June 2026
Promoter %	53.65%	53.65%

Holder	Type	Holding	Previous	Change
YASHODA INN PRIVATE LIMITED	Promoter	53.65%	53.65%	0.00%
ANUPRIYA CONSULTANTS PVT LTD	Public	5.35%	6.93%	-1.58%
JMS MINES & MINERALS PRIVATE LIMITED	Public	4.36%	4.36%	0.00%
BAGRRYS HOLDING LIMITED	Public	1.86%	1.86%	0.00%
CITADEL SECURITIES INDIA MARKETS PVT LTD	Public	1.41%	—	—
PSL LIMITED	Public	1.22%	—	—
VIVEK KUMAR SINGHAL	Public	1.16%	1.16%	0.00%
MKJ ENTERPRISES LIMITED	Public	1.05%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bharat Heavy Electricals Ltd.	1,47,639	424.00	51.29	6.50%	+29.08% TTM	+415.37% TTM	+58.68%
ABB India Limited S	1,43,123	6,754.00	46.67	—	+7.92% TTM	+66.43% TTM	+28.89%
CG Power and Industrial Solutions Limited	1,32,631	841.85	97.18	19.30%	+23.76% TTM	+28.33% TTM	+12.62%
HITACHI ENERGY INDIA LIMITED S	1,29,262	29,000.40	112.37	24.90%	+40.17% TTM	+127.73% TTM	+41.26%
Siemens Ltd.	1,25,176	3,515.00	42.11	20.80%	—	—	+12.74%
GE Vernova T&D India Limited S	1,09,206	4,265.10	76.00	58.50%	+41.34% TTM	+56.22% TTM	+35.57%
Siemens Energy India Limited S	1,05,412	2,960.00	70.85	26.10%	—	—	-8.69%
SUZLON ENERGY LTD.	51,481	37.45	22.79	27.00%	+33.90% TTM	-28.79% TTM	-37.58%
Thermax Ltd.	39,095	3,280.95	66.19	15.40%	+4.68% TTM	-11.68% TTM	+0.66%
SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED S	27,448	1,147.95	149.28	24.90%	+9.56% TTM	-29.50% TTM	+28.95%
TD Power Systems Ltd	23,403	728.05	85.10	30.30%	+54.29% TTM	+45.27% TTM	+77.57%
Azad Engineering Limited	16,664	2,580.35	119.64	11.50%	+28.72% TTM	+40.92% TTM	+55.76%
Triveni Turbine Limited	15,868	499.15	47.21	32.00%	+17.70% TTM	-1.90% TTM	-6.73%
KARAMTARA ENGINEERING LIMITED	12,315	382.65	—	—	+36.52% FY26	+64.18% FY26	—
Atlanta Electricals Limited	11,643	1,514.10	51.86	34.60%	—	—	+50.82%
QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED	11,249	1,452.55	50.36	27.30%	+89.92% TTM	+82.64% TTM	+50.72%
Inox Wind Limited	10,986	63.57	26.34	10.40%	+17.10% TTM	-14.81% TTM	-58.92%
VOLTAMP TRANSFORMERS LIMITED S	10,133	10,015.35	31.34	22.30%	+22.89% TTM	-1.63% TTM	+35.97%
Elecon Engineering Co.Ltd.	9,841	438.55	40.22	18.60%	+2.58% TTM	-52.69% TTM	-22.35%
Transformers and Rectifiers (India) Limited	9,527	317.40	30.44	25.40%	+27.23% TTM	+23.01% TTM	-24.26%
Kanohar Electricals Limited S	8,509	941.15	—	—	—	—	—
Skipper Limited	6,581	538.95	26.79	22.20%	+16.04% TTM	+47.75% TTM	+4.65%
Powerica Ltd.	6,316	499.05	—	11.20%	—	—	—
Transrail Lighting Limited	6,115	454.60	14.60	31.90%	+14.51% TTM	+0.35% TTM	-35.99%
GE Power India Limited	4,196	624.10	15.45	47.60%	+18.73% TTM	+9.86% TTM	+106.66%
MARSONS LIMITED S	2,609	151.60	58.99	20.00%	+33.29% TTM	+43.38% TTM	-10.59%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Please find enclosed herewith the Clarification on Price Movement.4 Nov 2026 · Company Update / General
The Exchange has sought clarification from Marsons Ltd on November 3, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....3 Nov 2026 · Company Update / Clarification
Please find enclosed herewith the compliance regarding Confirmation of dematerialisation as per Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the period ....12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anupriya Consultants Pvt Ltd7 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find attached Press Release by the Company titled Marsons Limited and Cleanhill Partners to form Joint Venture to Scale Power Transformer manufacturing in North America.6 Oct 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith the outcome of Board meeting held today i.e., Tuesday, 6th October 2026.6 Oct 2026 · Others / Outcome without intimation
Please find enclosed herewith the Combined voting results along with Scrutinizer''s Report for the AGM held on 30th September 20261 Oct 2026 · AGM/EGM / AGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anupriya Consultants Pvt Ltd30 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find enclosed herewith the outcome of AGM held on 30.09.2026.30 Sep 2026 · AGM/EGM / AGM
Please find enclosed herewith the intimation regarding closure of trading window for the quarter ended 30th September 2026.23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith the Press Release regarding Appointment of Mr. Rajiv Gupta as an Additional Independent director of the Company.16 Sep 2026 · Company Update / Press Release / Media Release
We would like to inform that Mr. Rajiv Gupta (DIN: 09715290) as an Additional Independent Director of the Company w.e.f 16th September 2026.16 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anupriya Consultants Pvt Ltd11 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find enclosed herewith the Newspaper advertisement in respect of 49th AGM of the Company.7 Sep 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Business Responsibility and Sustainability Report for the financial year 2025-26.5 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed herewith the Annual Report of the Company for the financial year 2025-26.5 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed herewith the intimation of Book Closure date for the 49th Annual General Meeting of the Company.5 Sep 2026 · AGM/EGM / AGM
This is to inform you that the 49th AGM of the Company will be held on Wednesday, 30th September 2026 at 2:00 p.m. through VC/OAVM. Please find enclosed herewith the Notice of AGM of the ....5 Sep 2026 · AGM/EGM / AGM
Please find enclosed herewith the copies of Unaudited Financial Results (Standalone & consolidated) of the Company for the quarter ended 30th June 2026 published in Business Standard (All ....14 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the Press Release on the Unaudited Consolidated Financial Results of the Company for the quarter ended 30th June 2026.13 Aug 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith the Unaudited Financial Results (Standalone & consolidated) of the company for the quarter ended 30th June 2026 along with the copy of limited review report.13 Aug 2026 · Result / Financial Results
Please find enclosed herewith the Unaudited Financial Results (Standalone & consolidated) of the company for the quarter ended 30th June 2026 along with the copy of limited review report.13 Aug 2026 · Result / Financial Results
Marsons Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve the Unaudited Financial Results (Standalone ....4 Aug 2026 · Board Meeting / Board Meeting
Please find enclosed herewith a revised announcement in reference to the intimation submitted to the exchange on 15.07.2026 regarding resignation of director.16 Jul 2026 · Company Update / Resignation of Director
Please find enclosed herewith the intimation regarding resignation of Independent Director and reconstitution of committees of Board of Directors.15 Jul 2026 · Company Update / Resignation of Director
Please find enclosed herewith compliance regarding confirmation of dematerialisation under Reg 74(5) of SEBI(DP) Regulations 2018 for the period 01.04.2026 to 30.06.2026.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We would like to inform you that our company has received a purchase order from S. T. Electricals Pvt. Ltd. for supply of 10 MVA Power Transformers.3 Jul 2026 · Company Update / Award of Order / Receipt of Order
Please find enclosed herewith the Intimation of closure of Trading window for the quarter ended June 30, 2026.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
We are pleased to announce that our company has received a letter of award / purchase order from US based Solar Energy Developer.16 Jun 2026 · Company Update / Award of Order / Receipt of Order
We would like to inform you that our company has received an order from Vikran Engineering Limited for NTPC Renewable Energy Project.10 Jun 2026 · Company Update / Award of Order / Receipt of Order
We would like to inform you that our company has received an order from West Bengal State Electricity Transmission Company Limited.9 Jun 2026 · Company Update / Award of Order / Receipt of Order
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anupriya Consultants Pvt Ltd5 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
We are pleased to announce that our Company has received a Letter of Intent (LoI) worth Rs. 31,26,70,500.00 (incl GST) from Assam Electricity Grid Corporation Limited.3 Jun 2026 · Company Update / Award of Order / Receipt of Order
Please find enclosed herewith copies of Audited Financial Results (Standalone & consolidated) of the company for the quarter and year ended 31st March 2026 published in Business Standard ....25 May 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the Annual Secretarial compliance report for the financial year ended 31st March 2026.22 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please find enclosed herewith the Outcome of Board meeting held today i.e., Friday, 22nd May 2026. The meeting commenced at 2 pm and concluded at 3 p.m.22 May 2026 · Result / Financial Results
We are pleased to announce that our company has received a Letter of Award/ Purchase order from US- based Solar Energy Developer for supply of 200 MVA 115 kV Power Transformer.21 May 2026 · Company Update / Award of Order / Receipt of Order
Marsons Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve 1. The Audited Financial Results (Standalone ....15 May 2026 · Board Meeting / Board Meeting
Marsons Limited receives Power Grid Corporation of India vendor approval for supply of Power Transformers.15 May 2026 · Company Update / Press Release / Media Release
We would like to inform you that our company has received approval of manufacturing unit for supply of Transformers upto 132kV in Powergrid projects from Power Grid Corporation of India Ltd.15 May 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.0500	3 Dec 2025	3 Dec 2025	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results