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Marsons Limited (MARSONS) Fair Value & Analysis

Industrials · IN · Market cap ₹19.5B

ML Marsons Limited MARSONS · BSE
Price₹113.35
Fair Value₹45.49
Upside-59.9%
Quality40/100
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Evidence: High Range ₹30.68 – ₹56.87

Fair value as of: Jul 5, 2026

From 15 valuation models · updated today

Share price −13.7% over the past month.

Price vs Fair Value (12 months)

₹221.98 ₹111.25 Fair Value ₹45.49 Jul 2025 Jul 2026

12‑month range ₹111.25 – ₹221.98 · fair‑value band ₹30.68 – ₹56.87 · the ₹113.35 price screens above the ₹45.49 fair value. As of Jul 5, 2026.

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Analysis

Marsons Limited (MARSONS) currently trades at ₹113.35, while our model-based Fair Value estimate is ₹45.49 — implying the stock looks roughly 59.9% overvalued today. We read business quality at 40/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Marsons Limited generated revenue of ₹2.5B at a net margin of 18.9%. Revenue grew 66.0% year over year. It earns a return on equity of 27.2%. Net debt stands at ₹22.3M. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹30.68 (bear case) to ₹56.87 (bull case); at ₹113.35, the current price sits above that range. The share trades about 48% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -47% fair-value upside — at -60%, MARSONS screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹2.5B
Revenue growth (YoY) +66.0%
Net margin 18.9%
Return on equity 27.2%
Free cash flow −₹316K FY2025
P/E ratio 42.1
More key figures
Operating margin 20.4%
EPS (TTM) ₹2.69
EPS growth (YoY) +153%
Net debt ₹22.3M FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

Marsons Limited engages in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers in India. The company offers arc furnace, submerged arc furnace, ladle furnace, induction, and DC arc furnace transformers. It also offers distribution and power transformers. Marsons Limited provides USS, dry type, cast resin, solar, and instrumental transformers, as well as after sales services. The company was incorporated in 1976 and is based in Kolkata, India.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marsons Limited reported revenue of ₹2.5B in FY2025 versus ₹15.9M in FY2021, a compound +252.4%/yr. Reported net income was ₹463M in FY2025.

Revenue +252.4%/yr
FY21 ₹15.9M
FY22 ₹45.6M
FY23 ₹64.6M
FY24 ₹1.7B
FY25 ₹2.5B
Net income
FY21 −₹12.9M
FY22 ₹32.7M
FY23 ₹6.3M
FY24 ₹280M
FY25 ₹463M

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Cite: Fair Value Calculator (2026). "Marsons Limited Fair Value". https://www.fairvalue-calculator.com/stock/MARSONS

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Frequently asked questions

Is Marsons Limited (MARSONS) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹45.49 versus a price of ₹113.35 — about −60% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MARSONS?
Our model-based fair value for Marsons Limited is ₹45.49 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹113.35.
What is the quality score of MARSONS?
Marsons Limited has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Marsons Limited (MARSONS)?
Marsons Limited reported trailing-twelve-month revenue of about ₹2.5B (latest available figure, as of Jul 5, 2026).
What is the net profit margin of MARSONS?
The net profit margin of Marsons Limited is about 18.9%, meaning it keeps roughly 18.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.