Marushika Tech.
NSE: MARUSHIKA · IT - Hardware
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Snapshot
Unlock Marushika Tech.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Marushika Technology Limited operates as a value-added distributor and system execution partner specialising in IT and telecom infrastructure. The company provides integrated solutions across IT infrastructure, smart city initiatives, and auto-tech applications for the defence sector.
Business Model
The company generates revenue by acting as a value-added distributor and system integrator for government and PSU-led infrastructure projects. It leverages its position in the supply chain to deliver end-to-end technology solutions.
Growth Outlook
Growth is primarily driven by the increasing demand for smart city infrastructure and the digitisation of defence-related auto-tech solutions. The company's focus on government and PSU projects provides a pipeline for sustained infrastructure deployment.
Key Risks
- Concentration Risk. Heavy reliance on government and PSU-led projects may lead to revenue volatility if public spending priorities shift.
- Supply Chain Dependency. As a distributor, the company is vulnerable to disruptions in the global supply chain for IT and telecom hardware components.
- Execution Risk. Complex system integration projects for smart cities and defence carry inherent risks related to project delays and cost overruns.
- Regulatory Risk. Changes in government procurement policies or defence sector regulations could adversely impact the company's business model.
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Peers · IT - Hardware
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Marushika Tech.MARUSHIKA | ₹100 Cr | — | — | — | 14.0% | — | — | — |
D-Link IndiaDLINKINDIA | ₹1,513 Cr | 13.45 | 9.67 | 20.5% | 9.2% | 21.9% | 29.4% | -16.3% |
Control PrintCONTROLPR | ₹935 Cr | 25.37 | 10.50 | 10.9% | 18.0% | 9.0% | 15.3% | -21.8% |
TVS Electronics LimitedTVSELECT | ₹731 Cr | -409.69 | 37.38 | 11.7% | 4.4% | -1.9% | 3.6% | -36.5% |
B C C Fuba IndiaBCCFUBA | ₹545 Cr | 67.85 | 37.39 | 55.5% | 17.7% | 24.4% | 34.3% | +64.4% |
Dc Infotech And Communication LimitedDCI | ₹441 Cr | 25.03 | 13.45 | 29.1% | 5.2% | 24.4% | 42.4% | +34.8% |
As of Mar 2026
Financials
Marushika Tech.
NSE: MARUSHIKA · IT - Hardware
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Marushika Tech.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Marushika Technology Limited operates as a value-added distributor and system execution partner specialising in IT and telecom infrastructure. The company provides integrated solutions across IT infrastructure, smart city initiatives, and auto-tech applications for the defence sector.
Business Model
The company generates revenue by acting as a value-added distributor and system integrator for government and PSU-led infrastructure projects. It leverages its position in the supply chain to deliver end-to-end technology solutions.
Growth Outlook
Growth is primarily driven by the increasing demand for smart city infrastructure and the digitisation of defence-related auto-tech solutions. The company's focus on government and PSU projects provides a pipeline for sustained infrastructure deployment.
Key Risks
- Concentration Risk. Heavy reliance on government and PSU-led projects may lead to revenue volatility if public spending priorities shift.
- Supply Chain Dependency. As a distributor, the company is vulnerable to disruptions in the global supply chain for IT and telecom hardware components.
- Execution Risk. Complex system integration projects for smart cities and defence carry inherent risks related to project delays and cost overruns.
- Regulatory Risk. Changes in government procurement policies or defence sector regulations could adversely impact the company's business model.
Start your research today
Unlock AI insights, financials, peers and live data on Marushika Tech. and 5,000+ companies — free.
Peers · IT - Hardware
As of Mar 2026