Marsons Ltd — Important, 11-12-2025: Company Update

Brickwork Ratings has assigned 'BWR BBB+/Stable' for Marsons Ltd.'s long-term bank loan facilities and 'BWR A2' for short-term facilities, totaling Rs. 35.00 Cr. This rating reflects the company's four decades of industry experience, strong Rs. 294 Cr order book, and significant revenue growth from Rs. 6.46 Cr to Rs. 168.36 Cr in the past fiscal year. Strengths include diversified products and unique manufacturing capability in Eastern India for high-voltage transformers. However, the ratings are constrained by working capital intensity, raw material price volatility, and intense industry competition.