Marsons (MARSONS) share price, P/E, ROE & financials

On 6 Nov 2026, Marsons was priced at ₹153.10, or 59.8× trailing earnings, against an industry P/E of 30.0×, and the shares are 13% below their 52-week high. Net profit grew 142% a year over 3 years, with ROCE of 20% and ROE of 27%. It carries very little debt. It is a small-cap company with a market cap of ₹2,635 Cr, ranked 37th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 11% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹154.63
Day high: ₹163.80
Day low: ₹152.26
Prev. close: ₹154.87
Volume: 58.1 L

Health check

2 good · 2 fair · 2 to check

ReturnsAhead
+10.5% over a year, better than 5 of 7 peers.
Price tagPricier
P/E 59.8 vs industry 30.0.
GrowthStrong
Sales +276.3%, profit +142.0% a year over 3 years.
ProfitabilityAverage
ROCE 19.9% vs peer median 22.1%.
Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
Red flags2 to check
Quarterly profit down 26.2% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹2,635 Cr, #37 of 97 in its industry by size.

Defensive

Beta 0.72 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹248 Cr · profit ₹44 Cr

Market cap: ₹2,635 Cr; Small cap
P/E: 59.8; Industry 30.0
Price to book: 12.15; Peers 7.24
Dividend yield: 0.00%
ROE: 27.2%; Peers 18.0%
ROCE: 19.9%; Peers 22.1%
Debt to equity: 0.00; Debt ₹0.70 Cr
EPS (TTM): ₹2.56; Face value ₹1
OPM (TTM): 16.9%; Net margin 17.9%
Sales growth: +4.7%; Latest quarter vs a year ago
Profit growth: −26.2%; Latest quarter vs a year ago
Price to sales: 10.64; EV/EBITDA 62.9

Strengths

Return on equity of 27.2%.
Practically debt-free.

Risks to check

Quarterly profit down 26.2% on a year ago.
P/E of 59.8 against an industry P/E of 30.0.

Derived automatically from reported figures. Not a recommendation.

About Marsons

Marsons Limited engages in manufacturing and selling of power and distribution transformers in India. The company offers distribution, power, dry type, pad mounted, WTG, furnace and inverter duty, liquid-filled power, substation power, generator step-up, and specialty transformers. It also provides after sales services. The company was incorporated in 1976 and is based in Kolkata, India.

Headquarters: Kolkata
Employees: 35
Sector: Industrials
ISIN: INE415B01044
Website: marsonsonline.com

Price range

52 weeks

₹100.25₹175.40

Today

₹152.26₹163.80

Avg volume (3M): 43.7 L
1-year return: plus 10.5%
From 52-week high: minus 12.7%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
CGPOWERCG Power and Industrial Solutions	773.00	minus 4.43%	1,21,785	88.6	72.5	19.3%	13.1%	0.02	21.2%	plus 8.2%
POLYCABPolycab India	7,871.00	plus 0.28%	1,18,613	37.5	29.0	30.4%	13.6%	0.02	26.6%	plus 3.8%
HAVELLSHavells India	1,128.00	plus 5.61%	70,789	42.6	30.0	22.1%	9.1%	0.02	9.9%	minus 28.1%
APARINDSApar Industries	14,106.00	minus 9.65%	59,065	41.6	30.7	26.7%	9.5%	0.12	17.0%	plus 87.2%
KEIKEI Industries	3,988.00	minus 1.80%	38,143	36.1	29.9	18.7%	11.0%	0.04	19.1%	plus 1.8%
HONAUTHoneywell Automation India	30,080.00	minus 0.79%	26,613	47.0	35.7	15.7%	13.8%	0.02	10.9%	minus 17.5%
MARSONSMarsons	153.10	minus 1.14%	2,635	59.8	62.0	19.9%	16.9%	0.00	276.3%	plus 10.5%
Median of 7 peers	–	−1.42%	70,789	42.6	30.7	22.1%	13.1%	0.02	19.1%	3.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
47	59.8	45.9	92.7	49.3
39.7	51.2	39.1	73.6	42
7.3	8.6	6.9	19.1	7.2
15.5%	14.3%	15.0%	20.6%	14.7%
1	0.9	0.6	0	0.7
0.1	0.1	0.8	0.4	0.4
0.2	0.2	0.2	0.1	0.2
–	–	–	−0	–
8	9.2	6.5	18.5	7.4
–	–	–	−22.0%	19.7%
8	9.2	6.5	22.6	5.9
0.47	0.53	0.38	1.31	0.34

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +276.3%
Profit CAGR 3Y: +142.0%
EPS CAGR 3Y: +117.9%
ROE: 27.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4.6	5.1	167	243
–	+12.9%	+3144.6%	+45.6%
3.4	3.9	142	201
1.2	1.3	25.2	42.3
25.6%	25.1%	15.1%	17.4%
0	0	0.2	0.1
3.2	0	0.1	1.2
0.9	0.7	0.4	0.8
6.1	0	3.1	1.8
3.3	0.6	28	42.3
–	–	–	−9.6%
3.3	0.6	28	46.3
–	minus 80.8%	+4358.4%	+65.3%
0.26	0.05	1.64	2.69

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
12.5	14	17.2	17.2
−9.5	0.2	105	200
14.5	9	2.6	0.7
5.9	6.4	27.3	72.5
23.4	29.7	152	291
13.2	12.6	14.2	68.1
–	–	–	3.2
–	–	–	25.4
0.1	0.3	0.5	9.3
10.1	16.8	138	185
23.4	29.7	152	291

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.1	−4.2	−36.8	1.6
8.1	−0.1	−35.8	12.1
−8.2	4.5	73.7	−4
0	0.2	1.1	9.8
−0	−0.1	−1.9	−1.6
0.1	−4.3	−38.7	−0

Shareholding pattern

Source: NSE filings

53.6%

promoters

Promoters53.65%
Public46.35%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	53.65%	46.35%	0.00
30 Jun 2026	53.65%	46.35%	0.00
31 Mar 2026	53.65%	46.35%	0.00
12 Mar 2026	53.65%	46.35%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

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