MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-WB-18-0030030
Market Cap
₹2,134 Cr
MARSONS · NSE
Share Price
₹118.43
-4.49% today
Revenue
₹245 Cr
FY 2025-26 · +45.8% YoY
EBITDA
₹42.33 Cr
Margin 17.2%
Net Profit
₹46.34 Cr
FY 2025-26 · +86.0% YoY
P/E (TTM)
46.9x
P/B 12.4x
Authorised capital
₹45 Cr
Registered with MCA
Paid-up capital
₹17.21 Cr
Issued & subscribed
About Marsons Limited
Data last updated:
Marsons Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Yashoda Inn Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 August 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L31102WB1976PLC030676. Its GSTIN is 19AABCM9906H2Z6 (West Bengal). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 517467 and NSE: MARSONS.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹17.21 Cr. It was formerly known as Marson'S Electricals Limited. It is led by directors including Munal Agarwal (Managing Director) and Subhash Kumar Agarwala.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Marsons House Budge Trunk Road Vill.Chakmir P.O. Mahesthtala, Kolkata, West Bengal, India – 700142.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹245.43 Cr, a growth of 45.8% compared to the previous year. For the same year it recorded a net profit of ₹46.34 Cr (net margin 18.9%) and EBITDA of ₹42.33 Cr (EBITDA margin 17.2%). The net worth stands at ₹217.61 Cr (up 77.6% YoY). Total assets are valued at ₹218.31 Cr (up 74.5% YoY).
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Marsons. As per MCA filings, the company has open charges of ₹35.12 Cr and satisfied charges of ₹87.32 Cr on record. Court records list 122 cases involving the company, including 70 filed by the company and 52 filed against it; 20 cases are pending. The company has 169 deals on record (169 market trades); the latest was in August 2024. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Parth Electricals & Engineering Limited with revenue of ₹176.2 Cr.
Marsons Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-WB-18-0030030). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marsonsonline.com.
Company details
CIN L31102WB1976PLC030676
Registration Number 030676
Incorporation Date 26 August 1976
ROC Kolkata
Listing Status Listed - Listed on NSE (MARSONS); Listed on BSE (517467)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Yashoda Inn Private Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-WB-18-0030030
CIN history
Marsons has one previous CIN (Corporate Identification Number): U31102WB1976PLC030676. The current CIN is L31102WB1976PLC030676, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31102WB1976PLC030676 | Current |
| U31102WB1976PLC030676 | Previous |
Recognitions & Rankings of Marsons
Contact details
Marsons Limited's registered office is in Kolkata, West Bengal. Its website is marsonsonline.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMarsons House Budge Trunk Road Vill.Chakmir P.O. Mahesthtala, Kolkata, West Bengal, India – 700142
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Marsons Limited, buy the company report.
Comprehensive company report
Marsons Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Marsons operates one associated brand: Marsons. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power transformers are manufactured and distributed by Marsons in India. | marsonsonline.com |
Business activity
The main business activity of Marsons is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Marsons Limited, buy the company report.
Financials of Marsons Limited
FY 2025-26 filings availableMarsons Limited reported revenue of ₹245.43 Cr (up 45.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹245 Cr
+45.8% YoY
EBITDA
₹42.33 Cr
+68.5% YoY
Profit After Tax
₹46.34 Cr
+86.0% YoY
Net Worth
₹218 Cr
+77.6% YoY
Total Assets
₹218 Cr
+74.5% YoY
Total Debt
₹0.70 Cr
-73.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 245 | 168 | 6.46 | 0.35 | 16.70 | 99.99 | 103 |
| Revenue growth | +45.8% | +2506.2% | - | -97.9% | -83.3% | -3.0% | - |
| EBITDA | 42.33 | 25.12 | 1.16 | (19.25) | (47.30) | 2.67 | 12.81 |
| EBITDA margin | +17.3% | +14.9% | +18.0% | -5500.0% | -283.2% | +2.7% | +12.4% |
| Profit before tax | 42.26 | 28.01 | 0.62 | (23.32) | (92.55) | (7.70) | 3.44 |
| Net profit | 46.34 | 24.92 | 0.62 | (21.56) | (83.03) | (9.93) | 3.20 |
| Net profit margin | +18.9% | +14.8% | +9.6% | -6160.0% | -497.2% | -9.9% | +3.1% |
| EPS (₹) | 2.69 | 1.63 | 0.04 | 0.00 | 0.00 | 0.00 | 2.21 |
| Balance sheet | |||||||
| Total assets | 218 | 125 | 23.23 | 15.48 | 37.35 | 119 | 125 |
| Net worth | 218 | 123 | 14.22 | (69.02) | (49.06) | 42.68 | 53.05 |
| Total debt | 0.70 | 2.59 | 9.02 | 84.28 | 86.20 | 76.26 | 71.29 |
| Cash & bank | 11.07 | 1.31 | 0.26 | 0.04 | 1.11 | 1.12 | 1.42 |
| Net working capital | 121 | 73.60 | 10.59 | (5.74) | 13.65 | 54.53 | 56.13 |
| Cash flow | |||||||
| Cash from operations | 1.62 | (36.81) | (4.20) | 0.85 | (6.58) | 4.24 | 27.14 |
| Cash from investing | 12.10 | (35.82) | (0.12) | (0.01) | 1.33 | (0.55) | (24.59) |
| Cash from financing | (3.97) | 73.68 | 4.47 | (1.91) | 5.25 | (3.99) | (3.30) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49.26 | 92.65 | 45.94 | 59.80 | 47.03 | 55.80 | 44.17 | 38.51 |
| Revenue growth (YoY) | +4.7% | +66.0% | +4.0% | +55.3% | +57.4% | - | - | - |
| Other income | 0.75 | 0.00 | 0.64 | 0.93 | 0.99 | (1.13) | 2.37 | 1.81 |
| EBITDA | 7.23 | 19.05 | 6.87 | 8.57 | 7.31 | 10.08 | 4.17 | 5.82 |
| EBITDA margin | +14.7% | +20.6% | +15.0% | +14.3% | +15.5% | +18.1% | +9.4% | +15.1% |
| Depreciation | 0.24 | 0.14 | 0.23 | 0.22 | 0.17 | (0.09) | 0.18 | 0.14 |
| Interest | 0.36 | 0.37 | 0.80 | 0.09 | 0.10 | 0.06 | 0.04 | 0.01 |
| Profit before tax | 7.38 | 18.54 | 6.48 | 9.19 | 8.03 | 8.98 | 6.32 | 7.48 |
| Tax | 1.46 | (4.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 5.92 | 22.61 | 6.48 | 9.19 | 8.03 | 8.98 | 6.32 | 7.48 |
| EPS (₹) | 0.34 | 1.31 | 0.38 | 0.53 | 0.47 | 0.52 | 0.37 | 0.44 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 245 | 168 | 6.46 | 4.56 | 1.59 | 0.33 | 0.00 |
| Revenue growth | +45.5% | +2506.2% | +41.7% | +186.8% | +381.8% | - | - |
| EBITDA | 42.29 | 25.12 | 1.16 | 1.04 | (0.01) | (0.58) | (0.77) |
| EBITDA margin | +17.3% | +14.9% | +18.0% | +22.8% | -0.6% | -175.8% | - |
| Profit before tax | 42.22 | 28.01 | 0.62 | 3.27 | (1.30) | (2.23) | (2.98) |
| Net profit | 46.30 | 24.92 | 0.62 | (2.99) | (1.29) | (2.23) | (2.85) |
| Net profit margin | +18.9% | +14.8% | +9.6% | -65.6% | -81.1% | -675.8% | - |
| EPS (₹) | 2.69 | 1.63 | 0.04 | 0.26 | (0.10) | (0.18) | (0.24) |
| Balance sheet | |||||||
| Total assets | 218 | 125 | 23.23 | 17.52 | 22.41 | 24.09 | 25.81 |
| Net worth | 218 | 122 | 14.22 | 3.02 | (0.25) | 1.19 | 3.42 |
| Total debt | 0.70 | 2.59 | 9.02 | 14.51 | 22.66 | 22.89 | 22.39 |
| Cash & bank | 10.99 | 1.26 | 0.26 | 0.11 | 0.10 | 0.15 | 0.15 |
| Net working capital | 121 | 73.55 | 10.59 | 4.26 | 6.44 | 6.92 | 7.03 |
| Cash flow | |||||||
| Cash from operations | 1.60 | (36.82) | (4.20) | 0.10 | 0.34 | (0.50) | (13.37) |
| Cash from investing | 12.10 | (35.86) | (0.12) | 8.09 | 0.00 | 0.00 | 3.14 |
| Cash from financing | (3.97) | 73.68 | 4.47 | (8.18) | (0.39) | 0.49 | 10.34 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49.26 | 92.26 | 45.94 | 59.80 | 47.03 | 55.80 | 44.17 | 38.51 |
| Revenue growth (YoY) | +4.7% | +65.3% | +4.0% | +55.3% | +57.4% | - | - | - |
| Other income | 0.75 | 0.00 | 0.64 | 0.93 | 0.99 | (1.13) | 2.37 | 1.81 |
| Total expenses | 42.03 | 73.24 | 39.07 | 51.23 | 39.72 | 45.72 | 40.00 | 32.69 |
| EBITDA | 7.23 | 19.02 | 6.87 | 8.57 | 7.31 | 10.08 | 4.17 | 5.82 |
| EBITDA margin | +14.7% | +20.6% | +15.0% | +14.3% | +15.5% | +18.1% | +9.4% | +15.1% |
| Depreciation | 0.24 | 0.14 | 0.23 | 0.22 | 0.17 | (0.09) | 0.18 | 0.14 |
| Interest | 0.36 | 0.37 | 0.80 | 0.09 | 0.10 | 0.06 | 0.04 | 0.01 |
| Profit before tax | 7.38 | 18.51 | 6.48 | 9.19 | 8.03 | 8.98 | 6.32 | 7.48 |
| Tax | 1.46 | (4.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49.26 | 92.65 | 45.94 | 59.80 | 47.03 | 55.80 | 44.17 | 38.51 |
| Revenue growth (YoY) | +4.7% | +66.0% | +4.0% | +55.3% | +57.4% | - | - | - |
| Other income | 0.75 | 0.00 | 0.64 | 0.93 | 0.99 | (1.13) | 2.37 | 1.81 |
| EBITDA | 7.23 | 19.05 | 6.87 | 8.57 | 7.31 | 10.08 | 4.17 | 5.82 |
| EBITDA margin | +14.7% | +20.6% | +15.0% | +14.3% | +15.5% | +18.1% | +9.4% | +15.1% |
| Depreciation | 0.24 | 0.14 | 0.23 | 0.22 | 0.17 | (0.09) | 0.18 | 0.14 |
| Interest | 0.36 | 0.37 | 0.80 | 0.09 | 0.10 | 0.06 | 0.04 | 0.01 |
| Profit before tax | 7.38 | 18.54 | 6.48 | 9.19 | 8.03 | 8.98 | 6.32 | 7.48 |
| Tax | 1.46 | (4.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 5.92 | 22.61 | 6.48 | 9.19 | 8.03 | 8.98 | 6.32 | 7.48 |
| EPS (₹) | 0.34 | 1.31 | 0.38 | 0.53 | 0.47 | 0.52 | 0.37 | 0.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Revenue | 245 | 168 | 6.46 | 0.35 | 16.70 | 99.99 | 103 |
| Revenue growth | +45.8% | +2506.2% | - | -97.9% | -83.3% | -3.0% | - |
| Other income | 2.04 | 3.41 | 0.16 | (0.91) | (8.28) | 1.43 | 1.42 |
| Total expenses | 203 | 143 | 5.30 | 19.60 | 64.00 | 97.32 | 90.27 |
| Employee cost | 0.00 | 1.16 | 0.36 | 0.67 | 1.23 | 1.13 | 0.81 |
| EBITDA | 42.33 | 25.12 | 1.16 | (19.25) | (47.30) | 2.67 | 12.81 |
| EBITDA margin | +17.3% | +14.9% | +18.0% | -5500.0% | -283.2% | +2.7% | +12.4% |
| Depreciation | 0.75 | 0.37 | 0.70 | 3.14 | 31.99 | 1.71 | 3.11 |
| Interest | 1.36 | 0.15 | 0.00 | 0.02 | 4.98 | 10.09 | 7.68 |
| Profit before tax | 42.26 | 28.01 | 0.62 | (23.32) | (92.55) | (7.70) | 3.44 |
| Tax | (4.07) | 0.00 | 0.00 | (1.76) | (0.96) | 1.81 | (0.72) |
| Net profit | 46.34 | 24.92 | 0.62 | (21.56) | (83.03) | (9.93) | 3.20 |
| Net profit margin | +18.9% | +14.8% | +9.6% | -6160.0% | -497.2% | -9.9% | +3.1% |
| EPS (₹) | 2.69 | 1.63 | 0.04 | 0.00 | 0.00 | 0.00 | 2.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.21 | 17.21 | 14.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Reserves & surplus | 200 | 105 | 0.22 | (94.02) | (74.06) | 17.68 | 28.05 |
| Shareholders' funds (net worth) | 218 | 123 | 14.22 | (69.02) | (49.06) | 42.68 | 53.05 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.70 | 2.59 | 1.61 | 83.53 | 84.29 | 73.99 | 68.81 |
| Unsecured loans | 0.00 | 0.00 | 7.41 | 0.75 | 1.91 | 2.27 | 2.48 |
| Total debt | 0.70 | 2.59 | 9.02 | 84.28 | 86.20 | 76.26 | 71.29 |
| Total liabilities | 218 | 125 | 23.23 | 15.48 | 37.35 | 119 | 125 |
| Assets | |||||||
| Gross block | 109 | 57.45 | 55.52 | 57.04 | 57.04 | 84.54 | 85.14 |
| Net block | 64.90 | 14.20 | 12.64 | 20.88 | 24.16 | 56.16 | 58.44 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.14 | 0.14 | 0.12 | 0.00 |
| Investments | 25.41 | 37.30 | 0.00 | 0.00 | 0.00 | 9.92 | 9.98 |
| Inventories | 58.01 | 14.95 | 0.81 | 0.00 | 0.39 | 49.78 | 47.81 |
| Sundry debtors | 107 | 68.28 | 14.63 | 9.71 | 41.52 | 39.46 | 105 |
| Cash & bank balances | 11.07 | 1.31 | 0.26 | 0.04 | 1.11 | 1.12 | 1.42 |
| Loans & advances | 16.73 | 16.40 | 1.33 | 6.36 | 5.24 | 5.17 | 3.43 |
| Total current assets | 193 | 101 | 17.03 | 16.11 | 48.26 | 95.53 | 158 |
| Total current liabilities | 72.47 | 27.34 | 6.44 | 21.85 | 34.61 | 41.00 | 102 |
| Net working capital | 121 | 73.60 | 10.59 | (5.74) | 13.65 | 54.53 | 56.13 |
| Total assets | 218 | 125 | 23.23 | 15.48 | 37.35 | 119 | 125 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.31 | 0.26 | 0.11 | 1.11 | 1.12 | 1.42 | 2.17 |
| Net cash from operating activities | 1.62 | (36.81) | (4.20) | 0.85 | (6.58) | 4.24 | 27.14 |
| Net cash from investing activities | 12.10 | (35.82) | (0.12) | (0.01) | 1.33 | (0.55) | (24.59) |
| Net cash from financing activities | (3.97) | 73.68 | 4.47 | (1.91) | 5.25 | (3.99) | (3.30) |
| Net change in cash | 9.75 | 1.05 | 0.16 | (1.07) | (0.01) | (0.30) | (0.75) |
| Closing cash | 11.07 | 1.31 | 0.26 | 0.04 | 1.11 | 1.12 | 1.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +45.8% | +2506.2% | - | -97.9% | -83.3% | -3.0% | - |
| EBITDA growth | +68.5% | +2065.5% | - | +59.3% | -1871.5% | -79.2% | - |
| PBT growth | +50.9% | +4417.7% | +9998.0% | +74.8% | -1102.0% | - | +9997.0% |
| Net income growth | +86.0% | +3919.4% | - | +74.0% | -736.2% | -410.3% | - |
| Revenue CAGR (3Y) | +788.4% | +116.0% | -59.9% | -85.0% | - | - | - |
| EBITDA CAGR (3Y) | - | - | -24.3% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +18.9% | +16.6% | +9.6% | -6160.0% | -548.4% | -9.5% | +4.0% |
| Return on capital employed | - | +31.9% | +2.0% | 0.0% | 0.0% | 0.0% | +12.4% |
| Return on net worth | - | +34.3% | +2.7% | 0.0% | 0.0% | 0.0% | +11.5% |
| Debt / equity | - | 0.08 | 0.63 | 0.00 | 0.00 | 2.34 | 1.93 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 1.39 | 1.19 |
| Interest cover | 3.27 | 0.61 | 0.00 | -0.09 | -6.28 | 1,051.04 | 79.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.98 | 0.12 | 0.01 | 0.31 | 1.48 | 2.07 |
| Inventory turnover | - | 21.37 | 7.98 | 1.79 | 0.67 | 2.08 | 2.99 |
| Debtors turnover | - | 4.06 | 0.44 | 0.01 | 0.41 | 1.41 | 1.36 |
| EPS (₹) | 2.69 | 1.63 | 0.04 | 0.00 | 0.00 | 0.00 | 2.21 |
| Dividend per share (₹) | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 7.12 | 1.02 | (34.12) | (26.19) | 10.50 | 14.77 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 49.26 | 92.26 | 45.94 | 59.80 | 47.03 | 55.80 | 44.17 | 38.51 |
| Revenue growth (YoY) | +4.7% | +65.3% | +4.0% | +55.3% | +57.4% | - | - | - |
| Other income | 0.75 | 0.00 | 0.64 | 0.93 | 0.99 | (1.13) | 2.37 | 1.81 |
| Total expenses | 42.03 | 73.24 | 39.07 | 51.23 | 39.72 | 45.72 | 40.00 | 32.69 |
| EBITDA | 7.23 | 19.02 | 6.87 | 8.57 | 7.31 | 10.08 | 4.17 | 5.82 |
| EBITDA margin | +14.7% | +20.6% | +15.0% | +14.3% | +15.5% | +18.1% | +9.4% | +15.1% |
| Depreciation | 0.24 | 0.14 | 0.23 | 0.22 | 0.17 | (0.09) | 0.18 | 0.14 |
| Interest | 0.36 | 0.37 | 0.80 | 0.09 | 0.10 | 0.06 | 0.04 | 0.01 |
| Profit before tax | 7.38 | 18.51 | 6.48 | 9.19 | 8.03 | 8.98 | 6.32 | 7.48 |
| Tax | 1.46 | (4.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 245 | 168 | 6.46 | 4.56 | 1.59 | 0.33 | 0.00 |
| Revenue growth | +45.5% | +2506.2% | +41.7% | +186.8% | +381.8% | - | - |
| Other income | 2.04 | 3.41 | 0.16 | 6.29 | 0.03 | 0.00 | 0.05 |
| Total expenses | 203 | 143 | 5.30 | 3.52 | 1.60 | 0.91 | 0.77 |
| Employee cost | 0.00 | 1.16 | 0.36 | 0.26 | 0.24 | 0.12 | 0.02 |
| EBITDA | 42.29 | 25.12 | 1.16 | 1.04 | (0.01) | (0.58) | (0.77) |
| EBITDA margin | +17.3% | +14.9% | +18.0% | +22.8% | -0.6% | -175.8% | - |
| Depreciation | 0.75 | 0.37 | 0.70 | 0.90 | 1.21 | 1.64 | 2.26 |
| Interest | 1.36 | 0.15 | 0.00 | 3.16 | 0.11 | 0.01 | 0.00 |
| Profit before tax | 42.22 | 28.01 | 0.62 | 3.27 | (1.30) | (2.23) | (2.98) |
| Tax | (4.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 46.30 | 24.92 | 0.62 | (2.99) | (1.29) | (2.23) | (2.85) |
| Net profit margin | +18.9% | +14.8% | +9.6% | -65.6% | -81.1% | -675.8% | - |
| EPS (₹) | 2.69 | 1.63 | 0.04 | 0.26 | (0.10) | (0.18) | (0.24) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.21 | 17.21 | 14.00 | 12.50 | 12.50 | 12.50 | 12.50 |
| Reserves & surplus | 200 | 105 | 0.22 | (9.48) | (12.75) | (11.31) | (9.08) |
| Shareholders' funds (net worth) | 218 | 122 | 14.22 | 3.02 | (0.25) | 1.19 | 3.42 |
| Secured loans | 0.70 | 2.59 | 1.61 | 0.00 | 22.00 | 22.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 7.41 | 14.51 | 0.66 | 0.89 | 22.39 |
| Total debt | 0.70 | 2.59 | 9.02 | 14.51 | 22.66 | 22.89 | 22.39 |
| Total liabilities | 218 | 125 | 23.23 | 17.52 | 22.41 | 24.09 | 25.81 |
| Assets | |||||||
| Gross block | 109 | 57.45 | 55.52 | 55.43 | 57.19 | 57.21 | 57.18 |
| Net block | 64.90 | 14.20 | 12.64 | 13.22 | 15.91 | 17.11 | 18.75 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 25.45 | 37.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 58.01 | 14.95 | 0.81 | 0.19 | 0.06 | 0.00 | 0.00 |
| Sundry debtors | 107 | 68.28 | 14.63 | 9.45 | 6.91 | 7.11 | 7.08 |
| Cash & bank balances | 10.99 | 1.26 | 0.26 | 0.11 | 0.10 | 0.15 | 0.15 |
| Loans & advances | 16.73 | 16.40 | 1.33 | 0.42 | 0.26 | 0.19 | 0.11 |
| Total current assets | 193 | 101 | 17.03 | 10.17 | 7.33 | 7.45 | 7.34 |
| Total current liabilities | 72.45 | 27.34 | 6.44 | 5.91 | 0.89 | 0.53 | 0.31 |
| Net working capital | 121 | 73.55 | 10.59 | 4.26 | 6.44 | 6.92 | 7.03 |
| Total assets | 218 | 125 | 23.23 | 17.52 | 22.41 | 24.09 | 25.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.26 | 0.32 | 0.11 | 0.10 | 0.15 | 0.15 | 0.04 |
| Net cash from operating activities | 1.60 | (36.82) | (4.20) | 0.10 | 0.34 | (0.50) | (13.37) |
| Net cash from investing activities | 12.10 | (35.86) | (0.12) | 8.09 | 0.00 | 0.00 | 3.14 |
| Net cash from financing activities | (3.97) | 73.68 | 4.47 | (8.18) | (0.39) | 0.49 | 10.34 |
| Net change in cash | 9.74 | 0.99 | 0.16 | 0.01 | (0.05) | 0.00 | 0.11 |
| Closing cash | 10.99 | 1.26 | 0.26 | 0.11 | 0.10 | 0.15 | 0.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +45.5% | +2506.2% | +41.7% | +186.8% | +381.8% | - | - |
| EBITDA growth | +68.4% | +2065.5% | +11.5% | - | +98.3% | +24.7% | - |
| PBT growth | +50.7% | +4417.7% | -81.0% | +9998.0% | +41.7% | +25.2% | +87.2% |
| Net income growth | +85.8% | +3919.4% | +120.7% | -131.8% | +42.2% | +21.8% | - |
| Revenue CAGR (3Y) | +277.4% | +373.1% | +169.5% | - | +65.6% | -73.0% | -100.0% |
| EBITDA CAGR (3Y) | +243.9% | - | - | - | -92.0% | -76.9% | - |
| Profitability & leverage | |||||||
| Net income margin | +18.9% | +16.6% | +9.6% | +71.7% | -81.8% | -675.8% | - |
| Return on capital employed | - | +31.9% | +2.1% | +0.7% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +34.3% | +3.5% | -48.8% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.08 | 1.36 | 13.42 | 48.46 | 9.82 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.04 | 8.41 | 48.31 | 9.81 | 0.00 |
| Interest cover | 3.27 | 0.61 | 0.00 | 2,257.14 | -9.02 | -0.45 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.98 | 0.12 | 0.08 | 0.03 | 0.01 | 0.00 |
| Inventory turnover | - | 21.37 | 12.92 | 36.48 | 53.00 | 0.00 | 0.00 |
| Debtors turnover | - | 4.06 | 0.54 | 0.56 | 0.23 | 0.05 | 0.00 |
| EPS (₹) | 2.69 | 1.63 | 0.04 | 0.26 | (0.10) | (0.18) | (0.24) |
| Dividend per share (₹) | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 7.12 | 1.02 | 0.24 | (0.02) | 0.10 | 0.27 |
To see the full year-wise statements and ratios of Marsons Limited, buy the company report.
Board of directors of Marsons Limited
Marsons has 7 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Kumar Agarwala Also directs: Leuco Dealtrade LLP, Megapixel Movies LLP, Ankit Prachi Trading & Investments Ltd and 5 more | Director | 31 May 2019 | 7 Years 4 Months | Current |
| Rohit Shaw | Director | 14 Sep 2022 | 4 Years 1 Months | Current |
| Mohammad Tinku | Director | 31 Dec 2022 | 3 Years 9 Months | Current |
| Surojit Ghosh | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
| Debashis Sarkar Also directs: Raado Sustainable Energies Limited | Director | 19 Feb 2025 | 1 Years 8 Months | Current |
| Munal Agarwal Also directs: Leuco Dealtrade LLP, Ankit Prachi Trading & Investments Ltd, Lavish Property Private Limited and 5 more | Managing Director | 02 Sep 2024 | 2 Years 1 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Marsons Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marsons Limitedthis company | ₹245.43 Cr (FY 2026) | ₹46.34 Cr | 18.9% | 45.8% | 4 | Kolkata, West Bengal, India |
| Parth Electricals & Engineering Limited | ₹176.2 Cr (FY 2025) | 102.0% | Vadodara, Gujarat, India | |||
| Elins Switch Boards Private Limited | ₹173.47 Cr (FY 2025) | -26.0% | Bangalore, Karnataka, India | |||
| Arrow Electricals India Limited | ₹173.45 Cr (FY 2025) | 19.0% | Palghar, Maharashtra, India | |||
| Power Engineering (India) Private Limited | ₹171.74 Cr (FY 2025) | -3.0% | Pedne, Goa, India | |||
| Asbesco (India) Pvt Ltd | ₹171.29 Cr (FY 2025) | 47.0% | Kolkata, West Bengal, India | |||
| Nexgenix Solar Manufacturing Private Limited | ₹169.47 Cr (FY 2024) | 795848.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Marsons Limited, buy the company report.
Auditor
Marsons Limited is audited by MAHENDRA SUBHASH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHENDRA SUBHASH & CO | FY 2023 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 53.60%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 46.10%.
Sep 2026
QUARTER
53.60% Promoters
0.20% DII (Domestic Institutional)
0.10% FII (Foreign Institutional)
46.10% Retail & Others
Promoter holding - history
Now 53.60% · Sep 2026High 53.60% · Dec 2025Low 53.60% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 53.60% | 53.60% | 53.60% | 53.60% |
| Public | 46.40% | 46.40% | 46.40% | 46.40% |
Charges & borrowings
Open charges
₹35.12 Cr
Satisfied charges
₹87.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2025 | 101103612 | Others | ₹80.28 Lakh | Open | |
| 13 Mar 2024 | 100888028 | Others | ₹34 Cr | Open | |
| 30 Nov 2011 | 10383669 | Religare Finvest Limited | ₹31.36 Lakh | Open | |
| 11 Oct 2006 | 10027105 | Allahabad Bank | ₹84.04 Cr | Satisfied | |
| 31 Mar 1999 | 80035251 | Canara Bank | ₹1.03 Cr | Satisfied |
To see the full charge records of Marsons Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Marsons Limited has 169 deals on record (169 market trades); the latest was in August 2024.
Total deals
169
Market trades
169
Deals on record (5 of 169)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹43.61 Cr | Buyer: Great Family Commodities Private Limited , Ginni Finance Pvt. Ltd. , an individual Seller: Vab Ventures Limited , Premier Fiscal Services Pvt Ltd |
| Nov 2022 | Market trade | ₹62.4 Lakh | Buyer: Premier Fiscal Services Pvt Ltd |
| Nov 2022 | Market trade | ₹66.4 Lakh | Buyer: Premier Fiscal Services Pvt Ltd |
| Oct 2022 | Market trade | ₹1.09 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited |
| Aug 2017 | Market trade | ₹24.4 Lakh | Buyer: Sri Investment & Finance Private Limited |
To see the full deal history of Marsons Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Marsons Limited has 122 court cases on record: 70 filed by Marsons, 52 filed against it. 20 cases are pending and 102 are disposed.
Total cases
122
Filed by the company
70
Filed against the company
52
Pending
20
Disposed
102
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 41 | 9 |
| High courts | 56 | 9 | 10 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 122)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Hammond Power Solutions Pvt. Ltd. | Pending |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Bristol Petroleum Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Posco Poggenamp Electrical Steel Pvt. Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Navkar Transcore Private Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by CTR Manufacturing Industries Ltd. | Pending |
To see the full case history of Marsons Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Marsons Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Marsons Limited has a workforce of 4 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-20%
GST
Marsons has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCM9906H2Z6 | West Bengal | Active | 19 Feb 2020 |
| 08AABCM9906H2Z9 | Rajasthan | Active | 30 Mar 2020 |
To see the full GST registrations and return filing status of Marsons Limited, buy the company report.
Recent activity
Marsons Limited has 52 board changes on record since 1976: 31 appointments and 21 cessations. The latest: Harshvardhan Kotia was appointed as CEO on 26 Jul 2025.
Filing
Marsons Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
AGM
Marsons Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 34.00 Cr registered on 13 Mar 2024 with Charge ID 100888028 was modified on 18 Sep 2025.
Appointed
Harshvardhan Kotia was appointed as CEO.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 101103612 was registered on 28 Feb 2025.
Appointed
Debashis Sarkar was appointed as Director.
Ceased
Binay Kumar Agarwal ceased to be Whole-Time Director.
Appointed
Munal Agarwal was appointed as Managing Director.
Charges
A charge with Others amounted to Rs. 34.00 Cr with Charge ID 100888028 was registered on 13 Mar 2024.
Ceased
Sutama Chowdhury ceased to be Director.
Appointed
Varsha Kedia was appointed as Director.
Appointed
Uttara Sharma was appointed as Company Secretary.
54 earlier events are in the company report.
News
Marsons: Co And Cleanhill Partners To Form Joint Venture To Scale Power Transformer Manufacturing In North America.
Frequently asked questions
Marsons is an active public limited company based in Kolkata, West Bengal, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 August 1976 (50+ years old) and is registered under CIN L31102WB1976PLC030676. Listed on BSE: 517467 and NSE: MARSONS.
Marsons reported revenue of ₹245.43 Cr for FY 2025-26 (up 45.8% YoY) based on consolidated financials.
Marsons has 7 current directors:
- Munal Agarwal - Managing Director
- Subhash Kumar Agarwala - Director
- Rohit Shaw - Director
- Mohammad Tinku - Director
- Surojit Ghosh - Director
- Debashis Sarkar - Director
- Varsha Kedia - Director
The latest financial statements of Marsons on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marsons is 19AABCM9906H2Z6, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 08AABCM9906H2Z9 (Rajasthan).
The CIN (Corporate Identification Number) of Marsons is L31102WB1976PLC030676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Marsons is a listed company as per MCA records. Its shares are listed on both BSE (code: 517467) and NSE (symbol: MARSONS).
Marsons has 122 court cases on record: 70 filed by the company and 52 filed against it. 20 are pending. Most are in the district courts.
Marsons was incorporated on 26 August 1976, making it 50+ years old. It is registered with the Registrar of Companies, Kolkata.
Marsons has 169 deals on record (169 market trades); the latest was in August 2024.
The peers of Marsons by revenue are Parth Electricals & Engineering Limited, Elins Switch Boards Private Limited, Arrow Electricals India Limited, Power Engineering (India) Private Limited, Asbesco (India) Pvt Ltd and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).