Marsons share price today

Marsons Ltd's share price was ₹151.52 at the close on 4 November 2026. It has been falling for 54 weeks. That is 14.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹104 and ₹172, and at that close it sat 70% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Marsons Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 11 weeks in a row.

Over the last 11 years the share price moved +1,201% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, started beating the market again after 65 weeks behind it and revenue up on a year earlier for 10 quarters in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹6 crore, -26.2% on a year earlier (₹8 crore), after 8 quarters of growth.

2. Started beating the market again after 65 weeks behind it

3. Revenue up on a year earlier for 10 quarters in a row

   In the June 2026 quarter revenue was ₹49 crore, +4.7% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Marsons reported revenue of ₹49.3 crore, up 4.7% from ₹47.0 crore a year earlier, and a profit of ₹5.93 crore, down 26.2% from ₹8.03 crore.

Marsons results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 1 April 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Marsons closed at ₹151.52 on 4 November 2026, down 12.1% from ₹172.35 a year earlier (7 November 2025) and up 1,040.1% over five years. Its highest weekly close since March 2016 was ₹341.30 on 4 October 2024.

Marsons share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

505 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Marsons closed at ₹151.52, up 1.7% on the week and up 32.6% on the month. Results for April to June 2026: Revenue up 4.7% and profit down 26.2% on a year earlier.

Earlier

• 1 Apr 2026: Marsons held its results call for January to March 2026.

Marsons has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Marsons Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 15 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 1 April 2026, Marsons' management spoke about the quarter; the main points are below.

“With our order pipeline, we should be at upwards of 60% capacity utilization this year”Management, on the call for January to March 2026

Source: the call transcript.

From the call for January to March 2026, 1 April 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

Marsons is on 2 of our India lists: Momentum stocks and Power & green energy stocks.

Marsons Ltd earned ₹5.9 Cr of net profit in the Jun 2026 quarter, −26.2% on the same quarter a year earlier. Full-year FY26 profit was ₹46.0 Cr. Over 10 years profit has grown 27.7% a year on average. That is 12.0% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹46.0 Cr (+64.3% on the year before).

Why profit moved: revenue changed +4.7% on a year earlier and the margin moved −0.9 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +37.8% and revenue +32.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Marsons Ltd reported ₹49.3 Cr of revenue in the Jun 2026 quarter, +4.7% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 9.1% a year on average. The last full year, FY26, came in at ₹245 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹248 Cr.

FY26 revenue was ₹245 Cr, +45.8% on the year before.

Recent pace: the last four quarters grew +32.5% on average, against 9.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +33.5%, against +161.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +43.6%, against +165.2% a year (rolling over).

Marsons Ltd's operating margin was 14.7% in the Jun 2026 quarter, 0.9 percentage points lower than the same quarter a year ago. Across 14 years it has been between −5,506.0% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed −0.4 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years Marsons Ltd's operations used more cash than they brought in, so cash conversion was −52%, a gap worth watching. In FY26 it brought in ₹2.0 Cr of operating cash against ₹46.0 Cr of profit. After ₹52.0 Cr of spending on assets, free cash was −₹50.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Marsons Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹245 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹54.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 7.3% of FY26 revenue a year.

Spending on assets: ₹54.0 Cr over the last 3 years, against ₹2.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Marsons Ltd's P/E is 58.8×, in the middle of its own history: higher than 53% of past readings. Its usual P/E (the middle reading) is 53.3×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +65.0% while the price moved −12.1%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 10 years the price moved +24.6% a year; about +3.6% a year came from earnings growth and about +21.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Marsons Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +2579.2% at its peak to +33.5%, but the business is still expanding, with ROCE steady at 25.4%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Marsons Ltd earned a ROCE of 24% in FY26. That is up from a low of −101% in FY18. Its return on capital used (ROIC) is 7.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 18.8% net margin and 0.84× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 18.8% net margin × 0.84× asset turnover × 1.34× leverage (assets divided by equity) ≈ 21.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 19.9% − 12.0% = +7.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.