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 ₹ 16.7 Cr.
- Current Price ₹ 13.2
- High / Low ₹ 28.2 / 13.2
- Stock P/E 12.8
- Book Value ₹ 21.7
- Dividend Yield 0.00 %
- ROCE 5.31 %
- ROE 2.29 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.61 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.86% over past five years.
- Company has a low return on equity of 2.30% over last 3 years.
- Company might be capitalizing the interest cost
* 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
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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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 122 | 96 | 203 | 150 | 106 | 158 | 127 | 188 | |
| 121 | 94 | 200 | 148 | 104 | 156 | 126 | 185 | |
| Operating Profit | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 3 |
| OPM % | 0.7% | 1.3% | 1.4% | 1.7% | 1.7% | 1.2% | 1.3% | 1.5% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 3 | 2 | 1 | 1 | 1 | 2 |
| Tax % | 26% | 27% | 25% | 27% | 31% | 43% | 40% | |
| 0 | 1 | 2 | 2 | 1 | 0 | 1 | 1 | |
| EPS in Rs | 0.41 | 0.95 | 2.22 | 1.82 | 0.45 | 0.39 | 0.47 | 1.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | -5% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -27% |
| TTM: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.41 | 0.41 | 0.41 | 9 | 13 | 13 | 13 | 13 |
| Reserves | 11 | 12 | 14 | 7 | 13 | 13 | 14 | 15 |
| 3 | 2 | 3 | 6 | 7 | 8 | 10 | 16 | |
| 10 | 7 | 6 | 4 | 13 | 7 | 7 | 20 | |
| Total Liabilities | 25 | 22 | 23 | 26 | 45 | 41 | 43 | 63 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 24 | 22 | 23 | 26 | 45 | 41 | 43 | 63 | |
| Total Assets | 25 | 22 | 23 | 26 | 45 | 41 | 43 | 63 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0 | 2 | -1 | -1 | -8 | -1 | 0 | |
| 1 | 0 | -0 | -0 | -1 | -0 | -1 | |
| -1 | -1 | -0 | 2 | 9 | -0 | 1 | |
| Net Cash Flow | -1 | 1 | -1 | 2 | 0 | -2 | 0 |
| Free Cash Flow | 0 | 2 | -1 | -1 | -8 | -1 | 0 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -111% | -27% | 52% | -9% | -397% | 40% | -21% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 62 | 30 | 28 | 86 | 46 | 62 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 54 | 62 | 30 | 28 | 86 | 46 | 62 |
| Working Capital Days | 27 | 35 | 22 | 30 | 77 | 51 | 58 |
| ROCE % | 11% | 18% | 13% | 7% | 5% | 5% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Number of permanent employees count |
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| Revenue per employee ₹ Lakhs per employee |
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| Total number of employees count |
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Extracted by Screener AI
Documents
Announcements
-
Copy of Newspaper Publication
- Newspaper ads submitted for unaudited standalone results for quarter and half year ended 30 September 2026.
-
Outcome of Board Meeting
- Board approved Q2 FY2026-27 and half-year results on 26 Oct 2026, noted RPTs, appointed PCS.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted share capital reconciliation audit report for quarter ended September 30, 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended 30 September 2026.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Company states Regulation 27(2) corporate governance disclosure is not applicable for quarter ended September 30, 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
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.