Marine Electricals (India) Ltd

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

Marine Electricals (India) Ltd

₹ 96.3 -1.03%
23 Apr - 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

Products and Services
The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. and is also engaged in renewable energy sector specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts. [1]

Website NSE
  • Market Cap ₹ 1,278 Cr.
  • Current Price ₹ 96.3
  • High / Low ₹ 123 / 42.6
  • Stock P/E 74.6
  • Book Value ₹ 17.2
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 8.64 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 166 days to 131 days

Cons

  • Stock is trading at 5.60 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.70%
  • Company has a low return on equity of 8.30% over last 3 years.
  • Company has high debtors of 186 days.

* 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
67.43 89.58 65.08 107.39 109.79 94.06 82.57 90.36 126.80 143.12 101.07 137.32 146.65
63.32 77.20 61.11 99.76 100.71 83.52 76.69 82.43 112.87 132.31 91.37 127.21 135.17
Operating Profit 4.11 12.38 3.97 7.63 9.08 10.54 5.88 7.93 13.93 10.81 9.70 10.11 11.48
OPM % 6.10% 13.82% 6.10% 7.10% 8.27% 11.21% 7.12% 8.78% 10.99% 7.55% 9.60% 7.36% 7.83%
5.24 1.38 0.87 1.71 1.40 0.87 1.77 1.60 0.07 1.10 0.72 1.69 1.24
Interest 2.23 2.54 1.84 1.74 1.72 1.98 1.98 2.69 2.47 2.80 2.66 2.62 3.24
Depreciation 2.30 2.25 2.19 2.36 2.43 2.36 1.92 1.99 2.00 2.17 2.19 2.38 2.55
Profit before tax 4.82 8.97 0.81 5.24 6.33 7.07 3.75 4.85 9.53 6.94 5.57 6.80 6.93
Tax % 16.18% 21.96% 33.33% 23.28% 32.39% 36.92% 25.33% 38.97% 25.50% 42.94% 36.98% 30.15% 23.23%
4.04 7.01 0.53 4.02 4.27 4.44 2.80 2.95 7.09 3.95 3.52 4.75 5.32
EPS in Rs 0.30 0.55 0.04 0.31 0.34 0.37 0.21 0.24 0.60 0.33 0.28 0.37 0.38
Raw PDF

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 TTM
212 236 250 272 369 400 263 251 376 443 528
193 216 229 246 337 378 240 224 344 404 486
Operating Profit 20 20 21 26 31 22 22 27 32 39 42
OPM % 9% 8% 8% 9% 9% 6% 9% 11% 9% 9% 8%
3 3 2 2 3 4 6 8 4 5 5
Interest 3 5 3 5 7 8 11 9 7 10 11
Depreciation 2 6 5 5 5 5 10 9 9 8 9
Profit before tax 17 12 14 18 23 13 8 17 19 25 26
Tax % 19% 29% 34% 38% 28% 29% 24% 20% 32% 33%
14 9 9 11 16 9 6 14 13 17 18
EPS in Rs 1.56 0.92 1.07 1.19 1.75 0.75 0.46 1.05 1.06 1.35 1.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 19% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 19%
TTM: 34%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 43%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: 37%
3 Years: 12%
1 Year: 115%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 9%

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 Sep 2023
Equity Capital 17 17 17 17 18 25 25 25 25 25 26
Reserves 28 36 46 58 78 130 126 138 150 183 197
23 24 32 40 46 57 56 58 37 66 70
53 66 54 112 212 162 176 162 162 192 238
Total Liabilities 121 143 149 227 354 373 383 383 373 466 531
37 40 43 56 39 43 53 48 49 66 67
CWIP 0 0 0 0 14 14 0 0 2 0 0
Investments 0 0 0 0 3 3 5 3 3 3 3
84 104 106 171 297 313 325 331 319 396 460
Total Assets 121 143 149 227 354 373 383 383 373 466 531

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
14 13 31 -53 23 2 47 -2
-2 -16 -23 1 -1 1 -18 -28
1 2 3 44 -19 -7 -31 31
Net Cash Flow 14 -1 11 -9 3 -3 -3 1

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
Debtor Days 62 91 104 148 182 174 235 252 167 186
Inventory Days 30 47 29 73 61 64 146 166 102 71
Days Payable 73 94 78 168 209 154 292 267 159 161
Cash Conversion Cycle 19 43 55 52 33 84 90 152 110 96
Working Capital Days 18 49 67 76 55 124 177 228 138 131
ROCE % 23% 20% 21% 22% 12% 9% 12% 12% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.52% 73.52% 73.52% 73.52% 73.63% 73.71% 73.71% 74.46% 74.46% 73.84% 72.87% 71.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02%
1.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.33% 26.49% 26.49% 26.48% 26.37% 26.29% 26.29% 25.54% 25.54% 26.16% 27.12% 27.99%
No. of Shareholders 25,41342,35869,83466,88164,44260,67657,53252,75552,44151,59449,30550,304

* 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.

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