Marsons
- Market cap
- ₹ 2,048 Cr.
- P/E
- 46.2x
- P/B
- 9.81x
- 52-week range
- 100.25 – 175.4
- ROE
- 27%
- ROCE
- 25%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE, BSE
About
Marsons Limited is an India-based manufacturer of electrical transformers. The Company is engaged in manufacturing, supplying, erecting, testing, and commissioning of power and distribution transformers. It manufactures distribution and power transformers ranging from 10 kilovolt amperes (KVA) to 160 megavolt amperes (MVA) 220 kilovolt (kV) class furnace transformers, dry type transformers and various types of special application transformers. The Company’s products and services include distribution transformers, power transformers, furnace transformers, unitized transportable substation (USS) transformers, dry type transformers, cast resin transformers, solar transformers, and instrumental transformers. It offers various furnace transformers, such as the Arc Furnace Transformers, Submerged Arc Furnace Transformers, Ladle Furnace Transformers, Induction Furnace Transformers, and direct current Arc Furnace Transformers.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Marsons against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)46.2 against a typical 30.4: pricier than most peers (1st = cheapest).32nd of 50
- Sales growth+4.7% against a typical +23.8% from a year earlier.31st of 41
- Profit growth−26.2% against a typical +24.6% from a year earlier.31st of 40
- Share price, 3 months+14% against a typical −9.4%.6th of 45
- Size₹ 2,048 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).27th of 47
Latest announcements
Exchange filings and their impact on the company.
- Marsons forms US joint venture with Cleanhill to scale power transformer manufacturing in North America.
Marsons Limited announced on October 6, 2026 that it will form a joint venture with Cleanhill Partners to scale power transformer manufacturing in North America. No investment amount, shareholding, capacity or timeline was disclosed in the headline filing. The move gives the small Indian transformer maker a US manufacturing foothold in a supply-constrained market, with meaningful revenue likely beyond the next 12 months after build-out.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results | To consider and approve the financial results for the quarter and year ended March 31, 2026 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 1 | 4 | 30 | 39 | 44 | 56 | 47 | 60 | 46 | 92 | 49 |
| Expenses | 1 | 0 | 3 | 25 | 33 | 40 | 46 | 40 | 51 | 39 | 73 | 42 |
| Operating Profit | 1 | 0 | 1 | 5 | 6 | 4 | 10 | 7 | 9 | 7 | 19 | 7 |
| OPM % | 28.3% | 49.2% | 15.9% | 16.9% | 15.1% | 9.4% | 18.2% | 15.5% | 14.3% | 15% | 20.6% | 14.7% |
| Other Income | 0 | 0 | 0 | 0 | 2 | 2 | −1 | 1 | 1 | 1 | −0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 5 | 7 | 6 | 9 | 8 | 9 | 6 | 19 | 7 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | −22% | 19.8% |
| Net Profit | 0 | 0 | 0 | 5 | 7 | 6 | 9 | 8 | 9 | 6 | 23 | 6 |
| EPS in Rs | 0.03 | 0.01 | 0.03 | 0.3 | 0.43 | 0.37 | 0.52 | 0.47 | 0.53 | 0.38 | 1.31 | 0.34 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 275%
- 3 Years
- 277%
- TTM
- 33%
- 10 Years
- 27%
- 5 Years
- 87%
- 3 Years
- 160%
- TTM
- 43%
- 10 Years
- 25%
- 5 Years
- 64%
- 3 Years
- 166%
- TTM
- —
- 10 Years
- —
- 5 Years
- 27%
- 3 Years
- 29%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Marsons | ₹ 122.00 | ₹ 2,048 Cr. | 46.2x | 9.8x | 27% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Harshvardhan Kotia
- Chief Executive Officer
- Sanjay Kumar Rai
- Chief Financial Officer
- Uttara Sharma
- Compliance Officer, Company Secretary
- Munal Agarwal
- Additional Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.