Marine Electricals (India) Ltd

Marine Electric. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marine Electricals (India) Ltd

₹ 240 2.23%
24 Oct - close price
marineelectricals.com NSE: MARINE
About

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. [1]

Key Points

Market Leadership
The company is one of India's largest LV and MV Switchgear manufacturers. [1] It has a 50% market share in the electrical segment, it is a tier-1 electrical supplier and an approved vendor with Indian Navy, Indian and Global Shipyards. [2]

Website NSE
  • Market Cap ₹ 3,313 Cr.
  • Current Price ₹ 240
  • High / Low ₹ 333 / 139
  • Stock P/E 77.2
  • Book Value ₹ 29.3
  • Dividend Yield 0.12 %
  • ROCE 16.1 %
  • ROE 11.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 45.9% CAGR over last 5 years

Cons

  • Stock is trading at 8.21 times its book value
  • Company has a low return on equity of 10.8% over last 3 years.
  • Company has high debtors of 157 days.
  • Promoter holding has decreased over last 3 years: -5.18%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
83 90 127 143 101 137 147 237 138 184 194 251 167
77 82 113 132 91 127 135 217 125 163 182 228 150
Operating Profit 6 8 14 11 10 10 11 20 13 21 11 22 17
OPM % 7% 9% 11% 8% 10% 7% 8% 9% 10% 12% 6% 9% 10%
2 2 0 1 1 2 1 4 3 2 4 4 5
Interest 2 3 2 3 3 3 3 4 3 4 4 3 3
Depreciation 2 2 2 2 2 2 3 3 3 4 4 4 3
Profit before tax 4 5 10 7 6 7 7 17 10 16 8 18 15
Tax % 25% 39% 26% 43% 37% 30% 23% 28% 27% 21% 40% 27% 25%
3 3 7 4 4 5 5 12 7 13 5 14 12
EPS in Rs 0.21 0.24 0.60 0.33 0.28 0.37 0.38 0.96 0.54 0.92 0.38 0.97 0.84
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
212 236 250 272 369 400 263 251 376 443 622 767 796
193 216 229 246 337 378 240 224 344 404 570 698 723
Operating Profit 20 20 21 26 31 22 22 27 32 39 52 69 72
OPM % 9% 8% 8% 9% 9% 6% 9% 11% 9% 9% 8% 9% 9%
3 3 2 2 3 4 6 8 4 5 7 13 16
Interest 3 5 3 5 7 8 11 9 7 10 12 14 14
Depreciation 2 6 5 5 5 5 10 9 9 8 10 16 16
Profit before tax 17 12 14 18 23 13 8 17 19 25 36 52 58
Tax % 19% 29% 34% 38% 28% 29% 24% 20% 32% 33% 29% 27%
14 9 9 11 16 9 6 14 13 17 26 38 43
EPS in Rs 1.56 0.92 1.07 1.19 1.75 0.75 0.46 1.05 1.06 1.35 1.95 2.79 3.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 19% 0% 0% 10% 11%
Compounded Sales Growth
10 Years: 13%
5 Years: 24%
3 Years: 27%
TTM: 21%
Compounded Profit Growth
10 Years: 17%
5 Years: 46%
3 Years: 41%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: 48%
3 Years: 92%
1 Year: 26%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 11%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 17 17 17 17 18 25 25 25 25 25 27 28
Reserves 28 36 46 58 78 130 126 138 150 183 224 376
23 24 32 40 46 57 56 58 37 66 97 55
53 66 54 112 212 162 176 162 162 192 268 266
Total Liabilities 121 143 149 227 354 373 383 383 373 466 616 725
37 40 43 56 39 43 53 48 49 66 75 75
CWIP 0 0 0 0 14 14 0 0 2 0 6 16
Investments 0 0 0 0 3 3 5 3 3 3 6 6
84 104 106 171 297 313 325 331 319 396 529 627
Total Assets 121 143 149 227 354 373 383 383 373 466 616 725

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
14 13 31 -53 23 2 47 -2 -7 55
-2 -16 -23 1 -1 1 -19 -28 -21 -95
1 2 3 44 -19 -7 -31 31 32 52
Net Cash Flow 14 -1 11 -9 3 -3 -3 1 4 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 62 91 104 148 182 174 235 252 167 186 186 157
Inventory Days 30 47 29 73 61 64 146 166 102 71 72 52
Days Payable 73 94 78 168 209 154 292 267 159 161 167 129
Cash Conversion Cycle 19 43 55 52 33 84 90 152 110 96 91 80
Working Capital Days 18 49 67 76 16 87 121 157 108 95 79 129
ROCE % 23% 20% 21% 22% 12% 9% 12% 12% 14% 15% 16%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
73.71% 74.46% 74.46% 73.84% 72.87% 71.98% 71.17% 71.17% 68.45% 68.45% 68.45% 68.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.15% 0.25% 0.96% 0.15% 0.08% 0.18%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.08% 0.04% 0.04% 0.07% 0.12%
26.29% 25.54% 25.54% 26.16% 27.12% 27.99% 28.56% 28.50% 30.56% 31.35% 31.40% 31.24%
No. of Shareholders 57,53252,75552,44151,59449,30550,30455,98383,79989,62893,62996,33294,688

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Oct 2025
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  • May 2024
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  • Jun 2022
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  • Aug 2021
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  • Jun 2021
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  • Feb 2021
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  • Sep 2020
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