Marinetrans India Ltd
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]
- 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.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
-
Integrated Filing- Financial
6 June 2025 - Approved FY25 audited results with unmodified opinion; re-appointed statutory, secretarial, and internal auditors.
-
Outcome of Board Meeting
6 June 2025 - Approved FY25 audited results with unmodified opinion; re-appointed statutory, secretarial, and internal auditors.
-
Board Meeting Intimation
27 May 2025 - Marinetrans India Limited has informed about Board Meeting to be held on 30-May-2025 to consider and approve the Yearly Audited Financial results of the Company …
-
Disclosure under SEBI Takeover Regulations
12 May 2025 - Arunkumar Narayana Hegde has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
-
Integrated Filing- Governance
29 April 2025 - Marinetrans exempt from certain SEBI governance rules; investor complaints status submitted for FY25.
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.