Handelsavisen
prelaunch
Companies Industrials MARS.NS
MA
MARS.NS NSE (India) Heavy Electrical Equipment

Mars.Ns

$143,08
Open in Charts → Attach watcher ⌖
USD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
P/E
EV / Rev
Div yield
0,03 %
Op margin
14,7 %
ROE
22,9 %
Net margin
16,6 %
Debt / equity
0,02
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

MARS.NS is a manufacturer and supplier of heavy electrical equipment, primarily serving the industrial goods sector.

Business. MARS.NS is a manufacturer and supplier of heavy electrical equipment, primarily serving the industrial goods sector.

Classification92 %
SectorIndustrials
Business sectorIndustrial Goods
IndustryHeavy Electrical Equipment
ActivityIndustrial Goods
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
22,9 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning MARS.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to MARS.NS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    MARS.NS is a manufacturer and supplier of heavy electrical equipment, primarily serving the industrial goods sector.

    Classification92 %
    SectorIndustrials
    Business sectorIndustrial Goods
    IndustryHeavy Electrical Equipment
    ActivityIndustrial Goods
    AI synthesis
    GENERATED

    MARS.NS maintains a strong capital structure with a low debt-to-equity ratio of 0.02, indicating minimal reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 3.37, suggesting it has sufficient short-term assets to cover its liabilities. However, the company reported negative operating cash flow of -350,168,000 INR, which may raise concerns about its ability to fund operations from core business activities.

    Profitability metrics for MARS.NS are robust, with a return on equity (ROE) of 22.87% and a return on assets (ROA) of 18.38%. These figures suggest the company is effectively utilizing its equity and assets to generate returns, outperforming the typical performance of firms in the Heavy Electrical Equipment industry. The operating margin, calculated as operating income of 247,581,000 INR on revenue of 1,683,622,000 INR, indicates a healthy margin of 14.71%.

    Geographically and segment-wise, MARS.NS does not disclose specific revenue concentrations in its latest financials, but the company's primary activity is centered on industrial goods, with a focus on heavy electrical equipment. This suggests a relatively concentrated exposure to the industrial sector, with potential vulnerability to sector-specific downturns or regulatory changes.

    Looking ahead, MARS.NS is projected to maintain a stable growth trajectory, with no significant changes in revenue expected in the next fiscal year. The company's capital expenditure of -19,209,000 INR indicates a modest investment in long-term assets, which may support future growth but does not suggest aggressive expansion. The free cash flow of 264,706,000 INR provides flexibility for dividends, debt reduction, or strategic investments.

    Risk factors for MARS.NS include its negative operating cash flow, which could impact its ability to fund operations without external financing. The company's dilution risk is assessed as low, with no significant dilution potential identified in the latest financial data. However, the negative net cash position after subtracting total debt is a key flag that may require monitoring.

    Recent events and filings for MARS.NS do not indicate any material changes in the company's operations or financial strategy. The company's latest financial snapshot does not reveal any new risks or opportunities that would significantly alter its current trajectory.

    Key takeaways
    • MARS.NS has a strong return on equity (22.87%) and return on assets (18.38%), indicating efficient use of capital.
    • The company maintains a low debt-to-equity ratio (0.02), suggesting a conservative capital structure.
    • MARS.NS has a current ratio of 3.37, indicating a solid short-term liquidity position.
    • The company's free cash flow of 264,706,000 INR provides flexibility for future investments or dividends.
    • Negative operating cash flow of -350,168,000 INR raises concerns about the sustainability of operations from core business activities.
    • The company's growth trajectory is expected to remain stable, with no significant changes in revenue anticipated in the next fiscal year.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $143,08
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    $1.23B
    Net cash
    -$12.8M
    Current ratio
    3.4
    Debt / equity
    0.0
    ROA
    18.4%
    ROE
    22.9%
    Cash conversion
    -125.0%
    CapEx / revenue
    -1.1%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin14,7 %Above P75
    Net Margin16,6 %Best in class
    ROE22,9 %Best in class
    Capex / Rev-1,1 %Above P75
    D/E0,02Above P75
    Cash Conv-1,25Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • MARS.NS Market data — financials · 2026-05-28

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    127.4Kshares short-18.1% vs prior
    2.76days to cover
    35.6%short of daily vol
    162fails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    MARS.NSCanonical
    NSE (India) · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage