Marine Electricals (India) Ltd

  • Market Cap 929 Cr.
  • Current Price 75.7
  • High / Low 78.4 / 16.0
  • Stock P/E 65.5
  • Book Value 12.7
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 5.91 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 5.95 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.35% for last 3 years.
  • Company has high debtors of 215.78 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
91.40 89.74 28.28 65.02 67.43
86.89 78.67 34.82 50.88 63.32
Operating Profit 4.51 11.07 -6.54 14.14 4.11
OPM % 4.93% 12.34% -23.13% 21.75% 6.10%
Other Income 0.91 0.95 0.15 1.06 5.24
Interest 3.02 1.64 1.38 2.31 2.23
Depreciation 2.45 -0.21 0.63 2.46 2.30
Profit before tax -0.05 10.59 -8.40 10.43 4.82
Tax % -1,420.00% 14.35% 1.31% 5.08% 16.18%
Net Profit -0.46 8.57 -7.18 9.13 3.66
EPS in Rs -0.04 0.70 -0.59 0.74 0.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
250 272 369 400 289 250
229 246 337 378 265 228
Operating Profit 21 26 31 22 24 23
OPM % 8% 9% 9% 6% 8% 9%
Other Income 2 2 3 4 5 7
Interest 3 5 7 8 10 8
Depreciation 5 5 5 5 7 5
Profit before tax 14 18 23 13 11 17
Tax % 34% 38% 28% 29% 20%
Net Profit 9 10 16 9 9 14
EPS in Rs 1.07 1.19 1.75 0.75 0.74 1.15
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:2%
TTM:-28%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-4%
TTM:-0%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:331%
Return on Equity
10 Years:%
5 Years:%
3 Years:9%
Last Year:6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 17 18 25 25
Reserves 46 58 78 130 132
Borrowings 32 40 46 57 51
54 112 212 162 175
Total Liabilities 149 227 354 373 381
43 56 39 43 50
CWIP 0 0 14 14 0
Investments 0 0 3 3 5
106 171 297 313 326
Total Assets 149 227 354 373 381

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
13 31 -53 19
-16 -23 1 0
2 3 44 -17
Net Cash Flow -1 11 -9 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 23% 12% 10%
Debtor Days 104 148 182 174 216
Inventory Turnover 7.33 6.92 6.15 3.16

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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