Marinetrans India Ltd

Marinetrans India Ltd

₹ 17.0 -2.02%
06 Jun - close price
About

Incorporated in 2004, Marinetrans India Ltd is in the business of International Freight Forwarding
Non-Vessel Common Operating carrier (NVOCC), Sea Freight Booking in the Shipping Industry[1]

Key Points

Business Overview:[1]
a) MIL started with the business of sea freight forwarder, then expanded to Door-to-Door Delivery and 3PL services via informal arrangements with third-party service providers.
b) Currently, it offers customers a comprehensive range of transport management and freight-related services.
c) The company is responsible for obtaining and confirming Sales Booking Requests, confirming the Shipping Line, ensuring Direct Customer Transport, Stuffing, transportation to dock, and coordinating with the customer until delivery.
d) The company primarily acts as a point of contact between the Shipping Line and the customer; it does not directly operate through ports.
e) MIL is dependent on various third-party logistics providers for transportation, customs clearances, and cargo delivery.
f) The company does not hold a Custom House Agent (CHA) license and outsources this role to a CHA forwarder.
g) An internal team (Customer Service and Dispatch Dept.) is responsible for appointing CHA forwarders to handle customs clearance, while the company acts as an intermediary between the customer and the appointed CHA forwarder.

  • Market Cap 21.6 Cr.
  • Current Price 17.0
  • High / Low 34.0 / 13.8
  • Stock P/E 43.3
  • Book Value 20.4
  • Dividend Yield 0.00 %
  • ROCE 5.49 %
  • ROE 1.94 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.83 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.26% over past five years.
  • Company has a low return on equity of 4.27% over last 3 years.

* 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024 Mar 2025
42 64 80 79
41 63 79 78
Operating Profit 1 1 1 1
OPM % 2% 1% 1% 1%
0 0 0 0
Interest 1 0 0 0
Depreciation 0 0 0 0
Profit before tax 0 0 0 0
Tax % 0% 74% 42% 33%
0 0 0 0
EPS in Rs 0.55 0.08 0.23 0.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
122 96 203 150 106 158
121 94 200 148 104 156
Operating Profit 1 1 3 3 2 2
OPM % 1% 1% 1% 2% 2% 1%
0 0 0 0 0 0
Interest 1 0 0 0 1 1
Depreciation 0 0 0 0 0 0
Profit before tax 0 1 3 2 1 1
Tax % 26% 27% 25% 27% 31% 43%
0 1 2 2 1 0
EPS in Rs 8.62 19.95 46.55 1.82 0.45 0.39
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: -8%
TTM: 48%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -36%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -39%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 4%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.41 0.41 0.41 9 13 13
Reserves 11 12 14 7 13 13
3 2 3 6 7 8
10 7 6 4 10 8
Total Liabilities 25 22 23 26 42 41
0 0 0 0 1 0
CWIP 0 0 0 0 0 0
Investments 0 0 0 0 0 0
24 22 23 26 42 41
Total Assets 25 22 23 26 42 41

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 2 -1 -1 -8 -1
1 0 -0 -0 -1 -0
-1 -1 -0 2 9 -0
Net Cash Flow -1 1 -1 2 0 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 54 62 30 28 85 46
Inventory Days
Days Payable
Cash Conversion Cycle 54 62 30 28 85 46
Working Capital Days 34 43 27 43 86 75
ROCE % 11% 18% 13% 7% 5%

Shareholding Pattern

Numbers in percentages

Mar 2024Sep 2024Dec 2024Mar 2025
67.00% 67.00% 67.00% 67.00%
33.00% 33.00% 33.00% 33.00%
No. of Shareholders 458414412399

Documents