---
title: "Marvel Industries Ltd (532073) — Share Price, Financials & Analysis"
symbol: "532073"
company: "Marvel Industries Ltd"
canonical: "https://tapetide.com/stocks/532073"
isin: "INE440D01014"
bse_code: "532073"
generated_at: "2026-10-13T11:01:35.510Z"
---

# Marvel Industries Ltd (532073)

Canonical page: https://tapetide.com/stocks/532073

## Company

- **BSE Code:** 532073
- **ISIN:** INE440D01014
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** polymerupdate.com/marvel

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Earnings include an other income of Rs.1.21 Cr.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 46% | 11% |
| revenue growth | -7% | -3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 188.35 | 279.55 | 149.66 | 242.8 | 194.62 | 257.16 | 117.36 | 209.88 | 137.51 | 224.06 | 85.73 | 135.79 |
| Expenses | 172.7 | 262.06 | 139.31 | 224.95 | 180.83 | 232.86 | 112.2 | 211.25 | 137.28 | 208.96 | 89.8 | 130.24 |
| Operating Profit | 15.65 | 17.49 | 10.35 | 17.85 | 13.79 | 24.3 | 5.16 | -1.37 | 0.23 | 15.1 | -4.07 | 5.55 |
| OPM % | 8.31 | 6.26 | 6.92 | 7.35 | 7.09 | 9.45 | 4.4 | -0.65 | 0.17 | 6.74 | -4.75 | 4.09 |
| Other Income | 0.11 | 0.66 | 0.32 | 1.23 | 1.18 | 0.9 | 1.06 | 0.68 | 1.01 | 0.7 | 1.07 | -0.53 |
| Interest | 5.17 | 4.73 | 4.65 | 5.24 | 5.76 | 5.59 | 5.81 | 5.86 | 6.02 | 4.53 | 3.62 | 3.18 |
| Depreciation | 2.31 | 2.84 | 2.97 | 3.11 | 3.07 | 3.39 | 3.34 | 3.83 | 3.9 | 3.87 | 4.25 | 4.35 |
| Profit before tax | 8.28 | 10.58 | 3.05 | 10.73 | 6.14 | 16.22 | -2.93 | -10.38 | -8.68 | 7.4 | -10.87 | -2.51 |
| Tax % | -93.12 | 26.09 | 18.03 | 25.91 | 41.53 | 15.17 | 22.53 | 2.99 | -59.33 | 1.08 | -11.78 | -84.86 |
| Net Profit | 15.99 | 7.86 | 2.51 | 7.96 | 3.6 | 13.84 | -3.56 | -10.89 | -3.66 | 7.26 | -9.68 | -0.47 |
| EPS in Rs | 3.22 | 1.58 | 0.51 | 1.6 | 0.73 | 2.79 | -0.72 | -2.2 | -0.72 | 1.38 | -1.84 | -0.09 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Sales | 49.95 | 51.31 | 48.87 | 45.38 |
| Expenses | 77.82 | 57.6 | 53.94 | 41.77 |
| Operating Profit | -27.87 | -6.29 | -5.07 | 3.61 |
| OPM % | -55.8 | -12.26 | -10.37 | 7.96 |
| Other Income | 44.52 | 4.48 | 1.53 | 1.21 |
| Interest | 7.82 | 9.34 | 10.53 | 11.88 |
| Depreciation | 1.03 | 1.13 | 1.13 | 1.13 |
| Profit before tax | 7.8 | -12.28 | -15.2 | -8.19 |
| Tax % | 0.51 | 0.24 | 0.13 | 0.37 |
| Net Profit | 7.76 | -12.31 | -15.22 | -8.22 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Equity Capital | 4.43 | 4.43 | 4.43 | 4.43 |
| Reserves | -61.8 | -74.11 | -89.33 | -97.55 |
| Borrowings | 68.44 | 78.29 | 86.58 | 94.99 |
| Other Liabilities | 7.98 | 10.11 | 14.05 | 13 |
| Total Liabilities | 19.05 | 18.72 | 15.73 | 14.87 |
| Fixed Assets | 6.58 | 7.14 | 6.17 | 5.08 |
| CWIP | 2.03 | 0.87 | 0 | 0 |
| Investments | 0.06 | 0.01 | 0 | 0 |
| Other Assets | 10.38 | 10.7 | 9.56 | 9.79 |
| Total Assets | 19.05 | 18.72 | 15.73 | 14.87 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.81 | -2.73 | 5.46 | -8.85 |
| Cash from Investing Activity | -1.83 | 1.76 | -1.28 | 0.35 |
| Cash from Financing Activity | -0.99 | 0.91 | -3.88 | 8.42 |
| Net Cash Flow | -0.01 | -0.06 | 0.3 | -0.08 |
| Free Cash Flow | 0.24 | -3.26 | 5.3 | -8.89 |
| CFO/OP | -10 | 41 | -109 | -245 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Debtor Days | 10.67 | 10.6 | 21.06 | 20.03 |
| Inventory Days | 39.98 | 64.72 | 30.68 | 57.21 |
| Days Payable | 57.04 | 54.67 | 60.45 | 81.3 |
| Cash Conversion Cycle | -6.39 | 20.64 | -8.71 | -4.06 |
| Working Capital Days | 15.71 | 2.85 | -37.19 | -29.2 |
| ROCE % | — | -29.88 | -90.77 | 207.89 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 65.76% | 65.76% | 65.8% | 66.13% | 66.34% | 66.35% | 66.35% | 66.35% | 67.75% | 68.72% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.03% | 0.06% | 0.01% | 0.08% | 0.05% |
| DIIs | 0% | 0.01% | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% |
| Public | 34.24% | 34.23% | 34.2% | 33.87% | 33.66% | 33.62% | 33.58% | 33.64% | 32.18% | 31.23% |
| No. of Shareholders | 5858 | 7077 | 6235 | 5659 | 6908 | 12006 | 10733 | 13665 | 12522 | 11271 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.35% | 66.35% | 66.35% | 66.35% | 66.35% | 66.77% | 66.77% | 66.77% | 67.75% | 68.72% | 68.72% | 68.72% |
| FIIs | 0.06% | 0.08% | 0.01% | 0.15% | 0.01% | 0.46% | 0.02% | 0.01% | 0.08% | 0.09% | 0.05% | 0.05% |
| Public | 33.58% | 33.57% | 33.64% | 33.49% | 33.64% | 32.77% | 33.21% | 33.23% | 32.18% | 31.2% | 31.24% | 31.23% |
| No. of Shareholders | 10733 | 10191 | 11171 | 11265 | 13665 | 11797 | 12934 | 12557 | 12522 | 12007 | 11403 | 11271 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachLive/70b9daa2-67e9-4502-ac5e-b43fb769a3f4.pdf) |
| 2026-02-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12d1c560-0606-41d2-8b02-492f5a8eb596.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3a8b5172-6b0d-4b9a-9412-021edf676e2d.pdf) |
| 2026-02-26 | [Intimation And Submission Of Notice Of 1/2025-26 Extra Ordinary General Meeting Of The Company Scheduled To Be Held On 20Th March, 2026 As Required Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/219a4d87-6a52-4edf-83fb-483038d1175b.pdf) |
| 2026-02-26 | [Corporate Announcement Pursuant To Regulation 44 Of The SEBI (LODR) Regulations, 2015 Regarding Providing Remote E-Voting Facilities For The 1/2025-26 Extraordinary General Meeting To Be Held On Friday, 20Th March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d0e5667-2b3a-4ce4-a7f3-50246e126e88.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a550479b-fd65-4dcb-befb-a1ce68f397fd.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9343137b-d269-4760-accf-81539e19df09.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f41ffbf5-1ac1-4c89-8d2f-b16d070a0d05.pdf) |
| 2026-02-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6fa87678-dca2-4fc3-9fc5-d3d741ef533a.pdf) |
| 2026-02-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3807ed0-6289-4b38-9168-ea0f173063b3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e4ab4a1-ff37-40f9-8f9d-a370713f050a.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/203dc71f-7fe8-4b29-8fd2-4184ea13f8d4.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5c2ba6a-3f6f-4faf-adab-d2c7b9cb085c.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/526423/73880526423.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/526423/68959526423_17_07_21.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/526423/5264230320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/526423/5264230319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/526423/5264230318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/526423/5264230317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/526423/5264230316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a550479b-fd65-4dcb-befb-a1ce68f397fd.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4de23145-49f0-4da9-bacc-618fddeac62d.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6358f15-5611-4305-a82f-dfd3fb2b7b94.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3a2f4e2-bc70-4809-ae58-5b022a354f2b.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67e06868-124c-4483-a79a-1fb333ae80af.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26793987-ebc8-40c8-af20-347b70afc9f8.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31653665-7b96-444d-9123-c637de07e4c1.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8306ec4-05f6-4d9c-b442-5d7824fc1190.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/245d2142-0dbf-4912-8d50-9cb838a7d544.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d614109-f9d2-497c-92a9-ef121a408b2b.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-01 | Credit rating update — CARE Ratings |
| 2024-09-24 | Credit rating update — CARE Ratings |
| 2024-03-22 | Credit rating update — CARE Ratings |
| 2023-09-01 | Credit rating update — CARE Ratings |
| 2022-11-18 | Credit rating update — CARE Ratings |
| 2022-09-16 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:35.510Z.