The shares of the distribution & power transformer manufacturer hit 2 percent upper circuit of Rs 53.32 apiece after the company received the work order from various North Eastern States worth Rs 9 crore.
With a market capitalization of Rs 746.48 crore, the shares of Marsons Ltd were trading at Rs 53.32 per share, increasing around 2 percent as compared to the previous closing price of Rs 52.28 apiece.
According to the company filing, Marsons Ltd has received receipt of orders worth over 9 Cr from various North Eastern States under the RDSS scheme. With the receipt of this order, Marsons has further strengthened its foothold in the North Eastern region.
Moreover, Revamped Distribution Sector Scheme (RDSS) launched by the Government of India, in July 2021, aims to transform the electricity distribution sector.
Looking into Marsons Ltd’s performance, revenue decreased by 64 percent from Rs 1.83 crore in Q3FY23 to Rs 0.65 crore in Q3FY24. During the same time frame, net profit decreased by 74 percent from Rs 0.59 crore to Rs 0.15 crore.
The stock has given multi-bagger delivered returns of 781.32 percent in the last six months and 813.01 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 9.13 lakh in a year.
The company’s profitability measures show an incline in return on equity (RoE) from 0 percent in FY 21-22 to 108.23 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from (5.71) percent to 36.68 percent. In contrast, the net profit margin (NPM) was 71.58 percent in fiscal year 22-23.
Marsons Limited is an Indian maker of electrical transformers. The Company manufactures, supplies, erects, tests, and commissions power and distribution transformers. Distribution transformers, power transformers, furnace transformers, unitized transportable substation (USS) transformers, and other items are among the goods and services offered by the company.
Written by:- Abhishek Singh
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