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 ₹ 19.6 Cr.
- Current Price ₹ 15.4
- High / Low ₹ 34.0 / 13.8
- Stock P/E 131
- Book Value ₹ 20.2
- Dividend Yield 0.00 %
- ROCE 5.75 %
- ROE 1.54 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.76 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.49% over last 3 years.
- Debtor days have increased from 47.6 to 85.3 days.
- Working capital days have increased from 38.7 days to 63.0 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
Services Services Transport Services Logistics Solution Provider
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 122 | 96 | 203 | 150 | 106 | |
| 121 | 95 | 200 | 148 | 105 | |
| Operating Profit | 1 | 1 | 3 | 2 | 2 |
| OPM % | 1% | 1% | 1% | 2% | 2% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 2 | 2 | 1 |
| Tax % | 35% | 28% | 26% | 27% | 44% |
| 0 | 1 | 2 | 2 | 0 | |
| EPS in Rs | 5.91 | 19.70 | 45.81 | 1.79 | 0.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| TTM: | -79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.41 | 0.41 | 0.41 | 9 | 13 |
| Reserves | 11 | 12 | 14 | 8 | 13 |
| 3 | 2 | 3 | 6 | 7 | |
| 10 | 7 | 6 | 5 | 10 | |
| Total Liabilities | 25 | 22 | 23 | 26 | 42 |
| 0 | 0 | 0 | 0 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 25 | 22 | 23 | 26 | 42 | |
| Total Assets | 25 | 22 | 23 | 26 | 42 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0 | 2 | -1 | -1 | -8 | |
| 1 | 0 | -0 | -0 | -1 | |
| -1 | -1 | 0 | 3 | 9 | |
| Net Cash Flow | -1 | 1 | -1 | 2 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 54 | 62 | 30 | 28 | 85 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 54 | 62 | 30 | 28 | 85 |
| Working Capital Days | 28 | 36 | 23 | 30 | 63 |
| ROCE % | 10% | 18% | 13% | 6% |
Documents
Announcements
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Structural Digital Database
14 October 2025 - Digital Database report for the quatre ended 30th September, 2025
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 October 2025 - Marinetrans India Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Copy of Newspaper Publication
1 October 2025 - Submitted Hindi newspaper publication of 21st AGM notice and e-voting published 10 September 2025.
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Shareholders meeting
1 October 2025 - Marinetrans held 21st AGM on Oct 1, 2025; e-voting Sep 27–29; resolutions passed.
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Shareholders meeting
1 October 2025 - AGM held Sep 30, 2025; adopted FY25 accounts, reappointments, related-party approvals, special resolution for MD relative fees.
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.