Marsons Ltd, established in 1976, is a renowned Indian company specializing in the manufacturing of high-quality electrical transformers. With expertise in producing power and distribution transformers up to a capacity of 100 MVA at 132KV class, the company caters to a diverse clientele across industries, urban infrastructure, and renewable energy sectors. Marsons Ltd is widely recognized for its commitment to quality, holding prestigious certifications such as ISO 9001:2008 and accreditations from CPRI, ERDA, and NABL. The company actively supports rural electrification and urban development projects, offering comprehensive services like transformer testing, commissioning, and maintenance. With a strong focus on innovation and reliability, Marsons Ltd plays a vital role in India’s power distribution and energy infrastructure.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 66.72% | 66.24% | 53.65% | 53.65% | 53.65% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| Public + | 33.28% | 33.76% | 46.34% | 46.34% | 46.35% |
| No. of Shareholders | 12,442 | 12,955 | 13,383 | 24,921 | 34,182 |
The shareholding pattern of Marsons Ltd exhibits notable changes over the given period, reflecting shifts in promoter and public ownership. As of December 2023, promoters held 66.72% of the company’s shares, which reduced to 66.24% by March 2024 and significantly dropped to 53.65% by June 2024, maintaining this level through September and December 2024. Meanwhile, the public shareholding increased from 33.28% in December 2023 to 33.76% by March 2024, reaching 46.34% in June 2024, and further marginally rising to 46.35% by December 2024. Interestingly, institutional investors (DIIs) showed minimal involvement, with negligible holdings of 0.01% observed only in September 2024. Additionally, the number of shareholders surged from 12,442 in December 2023 to 34,182 by December 2024, indicating a growing interest among retail investors in Marsons Ltd.
Below are the trading platforms that you can use to purchase Marsons shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2025 | 263.77 | 202.90 |
| May 2025 | 256.09 | 196.99 |
| June 2025 | 267.61 | 205.85 |
| July 2025 | 262.36 | 201.82 |
| August 2025 | 270.48 | 208.06 |
| September 2025 | 273.72 | 210.56 |
| October 2025 | 280.84 | 216.03 |
| November 2025 | 287.86 | 221.43 |
| December 2025 | 300.81 | 231.40 |
As we move through 2025, Marsons’ share prices are projected to demonstrate steady growth. In April 2025, the share price is expected to reach a maximum of ₹263.77 and a minimum of ₹202.90. By December 2025, Marsons’ shares are anticipated to rise further, with a maximum price of ₹300.81 and a minimum price of ₹231.40.
| When | Maximum Price | Minimum Price |
| January 2026 | 309.84 | 238.34 |
| February 2026 | 302.09 | 232.38 |
| March 2026 | 308.13 | 237.03 |
| April 2026 | 314.42 | 241.86 |
| May 2026 | 311.31 | 239.47 |
| June 2026 | 319.09 | 245.46 |
| July 2026 | 312.84 | 240.64 |
| August 2026 | 322.51 | 248.09 |
| September 2026 | 328.96 | 253.05 |
| October 2026 | 337.51 | 259.63 |
| November 2026 | 345.95 | 266.12 |
| December 2026 | 354.60 | 272.77 |
As we step into 2026, Marsons’ share prices are projected to display consistent growth throughout the year. In January 2026, the share price is expected to reach a maximum of ₹309.84 and a minimum of ₹238.34. By December 2026, Marsons’ shares are anticipated to climb further, with a maximum price of ₹354.60 and a minimum price of ₹272.77.
| When | Maximum Price | Minimum Price |
| January 2027 | 358.15 | 275.50 |
| February 2027 | 367.33 | 282.56 |
| March 2027 | 381.66 | 293.58 |
| April 2027 | 374.17 | 287.83 |
| May 2027 | 363.28 | 279.44 |
| June 2027 | 379.62 | 292.02 |
| July 2027 | 372.18 | 286.29 |
| August 2027 | 383.69 | 295.15 |
| September 2027 | 397.12 | 305.48 |
| October 2027 | 407.44 | 313.42 |
| November 2027 | 417.63 | 321.25 |
| December 2027 | 428.07 | 329.29 |
| When | Maximum Price | Minimum Price |
| January 2028 | 436.63 | 335.87 |
| February 2028 | 447.83 | 344.48 |
| March 2028 | 465.29 | 357.92 |
| April 2028 | 456.17 | 350.90 |
| May 2028 | 442.88 | 340.68 |
| June 2028 | 462.81 | 356.01 |
| July 2028 | 453.74 | 349.03 |
| August 2028 | 467.77 | 359.82 |
| September 2028 | 484.14 | 372.42 |
| October 2028 | 496.73 | 382.10 |
| November 2028 | 509.15 | 391.65 |
| December 2028 | 521.88 | 401.44 |
| When | Maximum Price | Minimum Price |
| January 2029 | 532.32 | 409.47 |
| February 2029 | 545.96 | 419.97 |
| March 2029 | 567.26 | 436.35 |
| April 2029 | 556.13 | 427.80 |
| May 2029 | 539.94 | 415.34 |
| June 2029 | 564.23 | 434.03 |
| July 2029 | 553.17 | 425.52 |
| August 2029 | 570.28 | 438.68 |
| September 2029 | 590.24 | 454.03 |
| October 2029 | 605.58 | 465.83 |
| November 2029 | 620.72 | 477.48 |
| December 2029 | 636.24 | 489.42 |
| When | Maximum Price | Minimum Price |
| January 2030 | 648.97 | 499.21 |
| February 2030 | 665.61 | 512.01 |
| March 2030 | 691.57 | 531.97 |
| April 2030 | 678.01 | 521.54 |
| May 2030 | 658.26 | 506.35 |
| June 2030 | 687.88 | 529.14 |
| July 2030 | 674.39 | 518.76 |
| August 2030 | 695.25 | 534.81 |
| September 2030 | 719.58 | 553.53 |
| October 2030 | 738.29 | 567.92 |
| November 2030 | 756.75 | 582.12 |
| December 2030 | 775.67 | 596.67 |
As we finally reach 2030, Marsons’ share prices are expected to show notable growth throughout the year. In January 2030, the share price is projected to achieve a maximum of ₹648.97 and a minimum of ₹499.21. By December 2030, Marsons’ shares are anticipated to rise significantly, with a maximum price of ₹775.67 and a minimum price of ₹596.67.
Financial Condition of Marsons
| Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | |
| Sales + | 103.08 | 99.99 | 16.7 | 0.35 | 6.46 |
| Expenses + | 90.28 | 97.33 | 63.99 | 19.62 | 5.29 |
| Operating Profit | 12.8 | 2.66 | -47.29 | -19.27 | 1.17 |
| OPM % | 12.42% | 2.66% | -283.17% | -5505.71% | 18.11% |
| Other Income + | 1.42 | 1.43 | -8.28 | -0.91 | 0.16 |
| Interest | 7.68 | 10.09 | 4.98 | 0.02 | 0 |
| Depreciation | 3.11 | 1.71 | 31.99 | 3.14 | 0.7 |
| Profit before tax | 3.43 | -7.71 | -92.54 | -23.34 | 0.63 |
| Tax % | -20.99% | 23.48% | -1.04% | -7.54% | 0.00% |
| Net Profit + | 4.15 | -9.94 | -91.57 | -21.58 | 0.63 |
| EPS in Rs | 1.66 | -3.98 | -36.63 | -8.63 | 0.04 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Marsons’ financial performance over the years reflects a volatile trajectory, marked by periods of operational and profitability challenges. In the nine months ending March 2016, Marsons reported sales of ₹103.08 crore and an operating profit of ₹12.8 crore, with an OPM of 12.42%. However, in subsequent years, sales and profitability declined significantly, with sales dropping to ₹0.35 crore in March 2019 before recovering modestly to ₹6.46 crore in March 2024.
Expenses often outpaced revenue during this period, leading to operational losses. For instance, in March 2018 and March 2019, operating losses stood at ₹47.29 crore and ₹19.27 crore, respectively. The OPM also dipped into negative territory, reaching -283.17% in March 2018 and -5505.71% in March 2019. By March 2024, Marsons managed to report a positive operating profit of ₹1.17 crore with an OPM of 18.11%.
Net profit trends were similarly challenging, with a high of ₹4.15 crore in March 2016 turning into substantial losses of ₹91.57 crore in March 2018 and ₹21.58 crore in March 2019. A small turnaround was observed in March 2024, with a net profit of ₹0.63 crore. The company’s EPS mirrored these trends, peaking at ₹1.66 in March 2016 before hitting a low of -₹36.63 in March 2018, and recovering slightly to ₹0.04 in March 2024. Throughout this period, Marsons maintained a dividend payout of 0%.
FAQS
As of March 19th, 2025, the share price of Marsons is around ₹211.
Based on our analysis, Marsons is anticipated to have a trading range between ₹196.99 and ₹300.81 in the year 2025.
As per our analysis, Marsons share price target for 2030 would be somewhere between ₹499.21 and ₹775.67.
Also Read
- KDDL Share Price Target 2025, 2026 to 2030
- Prism Johnson Share Price Target 2025, 2026 to 2030
- Piccadily Agro Industries Share Price Target 2025, 2026 to 2030
Conclusion
Marsons Ltd, with its extensive expertise in transformer manufacturing and commitment to quality, plays a pivotal role in India’s energy infrastructure. The company’s shareholding pattern reflects a significant shift toward public ownership, alongside a rising number of shareholders. Financially, Marsons has experienced a volatile journey, with signs of recovery in recent years. Share price projections from 2025 to 2030 indicate steady growth, suggesting investor confidence and a positive outlook. With a current share price of ₹211 (as of March 19, 2025), Marsons appears poised for gradual progress in the coming years.
What did we learn?
