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Marshall Machines

MARSHALL NSE
₹3.64

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MCP
Close 28 Jan 2026 ₹3.64 −0.42 −10.3% since 7 Nov 2025
Start ₹4.06

Peer Comparison

Industrials › Industrial Manufacturing › Industrial Products

Marshall Machines peer comparison
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
Marshall Machines (this company)
₹3.64————−9.40%−3.39%₹26 Cr—
Median 8 companies₹2,421.3079.19₹25,976 Cr9.590.10%13.30%16.90%₹3,690 Cr₹401 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

1
  • Stock is trading at 0.11 times its book value

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.6% over past five years.
  • Company has a low return on equity of -10.4% over last 3 years.
  • Company has high debtors of 461 days.
  • Working capital days have increased from 134 days to 374 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsBullish054
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
19.82
Bullish
MACD (12,26,9)
−0.09
Bullish
SMA (50)
3.87
Bearish
SMA (200)
8.10
Bearish

As of , the latest day with price data, so these readings are not current.

Growth Rate

Annual windows: The latest annual results are more than two years old, so no annual growth is shown.

Trailing twelve months: The latest quarterly results are more than a year old.

Quarterly Results

₹ Cr

Results for the period ended Sep 2024 were due by 14 Nov 2024 and are not in this table yet.

MARSHALL quarterly results, ₹ crore
Particulars Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales
14.16
12.5
9.29
24.38
6.79
8.4
7.14
12.18
10.66
1.79
9.99
5.52
9.14
Expenses
12.63
11.81
10
18.98
7.69
7.93
7.33
12.97
9.4
2.74
8.4
6.28
9.58
Operating Profit
1.53
0.69
−0.71
5.4
−0.9
0.47
−0.19
−0.79
1.26
−0.95
1.59
−0.76
−0.44
OPM %
10.81%
5.52%
−7.64%
22.15%
−13.25%
5.6%
−2.66%
−6.49%
11.82%
−53.07%
15.92%
−13.77%
−4.81%
Other Income
0.03
0.03
0.03
0.04
0.08
1.13
1.28
0.01
0.02
0.05
0
0.37
0.04
Interest
0.95
1.08
1.31
1.12
1
1.08
1.07
1.27
1.25
1.36
0.9
0.31
0.73
Depreciation
1.6
1.62
1.62
1.43
1.58
1.44
1.44
1.42
1.23
1.25
1.25
1.2
1.11
PBT
−0.99
−1.98
−3.61
2.89
−3.4
−0.91
−1.42
−3.46
−1.2
−3.51
−0.57
−1.9
−2.24
Tax %
−20.2%
−28.28%
−14.4%
25.26%
−25.59%
−25%
−25.35%
−23.92%
−13.33%
−25.07%
−23.21%
−31.58%
−34.82%
Net Profit
−0.8
−1.42
−3.08
2.16
−2.52
−0.69
−1.06
−2.64
−1.03
−2.63
−0.43
−1.31
−1.46
EPS (₹)
−0.32
−0.57
−1.25
0.87
−1.02
−0.28
−0.43
−1.07
−0.42
−1.1
−0.18
−0.55
−0.61

Profit & Loss

₹ Cr
MARSHALL profit and loss, annual, ₹ crore
Particulars Mar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales
35.31
41.67
29.99
43.8
50.18
59.35
65.23
59.56
66.83
60.33
34.5
27.93
26.44
Expenses
33.39
40.33
28.36
38.33
44.02
46.54
50.02
43.74
57.42
53.44
35.91
26.78
27
Operating Profit
1.92
1.34
1.63
5.47
6.16
12.81
15.21
15.82
9.41
6.89
−1.41
1.15
−0.56
OPM %
5.44%
3.22%
5.44%
12.49%
12.28%
21.58%
23.32%
26.56%
14.08%
11.42%
−4.09%
4.12%
−2.12%
Other Income
0
0
0
0.11
0.35
0.07
0.23
0.8
0.11
0.14
2.5
0.44
0.46
Interest
0
0
0
3.62
3.11
3.22
3.71
4.4
3.81
4.46
4.41
3.83
3.3
Depreciation
0
0
0
1.23
1.6
2.2
3.73
8.1
5.12
6.27
5.87
4.94
4.81
PBT
1.92
1.34
1.63
0.73
1.8
7.46
8
4.12
0.59
−3.7
−9.19
−7.18
−8.21
Tax %
0%
0%
0%
43.84%
38.33%
32.98%
27.88%
27.91%
37.29%
−15.14%
−24.92%
−24.65%
—
Net Profit
1.92
1.34
1.63
0.42
1.1
5.01
5.77
2.97
0.36
−3.14
−6.9
−5.4
−5.83
EPS (₹)
8
4.32
5.26
1.35
3.55
13.92
2.34
1.2
0.15
−1.27
−2.79
−2.26
−2.44
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
MARSHALL balance sheet, annual, ₹ crore
Particulars Mar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital
1.41
1.81
1.81
1.81
1.81
2.14
14.55
14.55
14.55
14.55
14.55
23.9
Reserves
3.33
4.89
6.53
6.94
8.05
15.69
23.96
26.72
34.5
31.43
24.98
52.12
Borrowings
11.72
17.18
24.68
26.06
23.85
28.92
34.2
36.65
40.63
40.18
45.25
38.4
Other Liabilities
9.59
9.83
13.44
24.58
31.32
32.9
35.06
43.2
43.1
49.18
56.51
41.9
Total Liabilities
26.05
33.71
46.46
59.39
65.03
79.65
108
121
133
135
141
156
Fixed Assets
5.5
8.74
10.32
11.47
14.99
22.79
46.39
38.8
68.29
62.48
57.49
60.46
CWIP
2.19
0.76
2.97
1.01
1.01
0
0
14.11
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
18.36
24.21
33.17
46.91
49.03
56.86
61.38
68.21
64.49
72.86
83.8
95.86
Total Assets
26.05
33.71
46.46
59.39
65.03
79.65
108
121
133
135
141
156

Cash Flow

₹ Cr
MARSHALL cash flow, annual, ₹ crore
Particulars Mar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Operating
0
0
0
7.08
10.87
5.19
13.6
11.79
11.34
4.78
−0.33
−12.48
Investing
0
0
0
−1.05
−5.09
−8.92
−27.26
−14.51
−10.36
−0.37
−0.33
−18.66
Financing
0
0
0
−5.4
−5.17
5.06
13.95
3
−1.76
−4.77
0.7
31.25
Net Cash Flow
0
0
0
0.63
0.61
1.32
0.29
0.29
−0.78
−0.37
0.04
0.11
Free Cash Flow
0
0
0
6.01
5.74
−3.79
−13.73
−2.83
0.87
4.32
−0.73
−31.21
CFO/OP
0
0
0
136
185
37
76
65
121
71
21
−1,021

Ratios

MARSHALL financial ratios, annual
Particulars Mar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days
19.12
21.2
38.95
39.33
59.86
70.23
69.11
86.04
63.79
109
300
461
Inventory Days
—
—
—
450
395
313
374
555
378
485
667
819
Days Payable
—
—
—
168
198
150
151
242
166
240
505
645
Cash Conversion Cycle
19.12
21.2
38.95
322
257
233
293
399
276
355
462
634
Working Capital Days
83.11
116
208
40.58
6.4
6.46
13.43
19.18
−7.26
6.84
20.21
374
ROCE %
—
6.64%
5.73%
—
14.33%
26.55%
19.49%
11.31%
5.24%
0.86%
−5.59%
−3.39%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Marshall Machines insights

53 extracted metrics across FY11–FY25.

Shareholding Pattern

Latest filing: Sep 2024

As of Sep 2024

  • Public 71.11%
  • Promoters 28.89%

Pledge data not available

Change since Jun 2024

Documents

  • Q4 FY23 concall · Jun 2023
    Transcript PPT
  • Q1 FY23 concall · Aug 2022
    PPT
  • Concall · Jul 2022
    PPT
  • Q3 FY22 concall · Feb 2022
    PPT
  • Concall · Nov 2021
    PPT

Frequently Asked Questions about Marshall Machines

What does Marshall Machines Ltd do?
Incorporated in 1994, Marshall Machines Ltd is in the business of developing, manufacturing, and marketing Machine Tool Equipment
Where is Marshall Machines Ltd (MARSHALL) listed?
Marshall Machines Ltd trades as MARSHALL on the NSE.
Which sector does Marshall Machines Ltd belong to?
Marshall Machines Ltd is classified under the Industrials sector, in the Industrial Manufacturing industry.
What is the 52-week high and low of Marshall Machines Ltd?
Over the last 52 weeks Marshall Machines Ltd has traded between ₹3.61 and ₹4.29 as of 29 Dec 2025.

Company Information

Incorporated in 1994, Marshall Machines Ltd is in the business of developing, manufacturing, and marketing Machine Tool Equipment

Listed 7 Sep 2018
Face Value ₹10

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