Marine Electricals (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 18%)
- Low debt relative to equity (D/E 0.2x)
Concerns
- Premium to sector peers (P/E 84.9x vs industry 47.1x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MARINE · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 72.87% | 71.98% | 71.17% | 71.17% | 68.45% | 68.45% |
| FII | — | 0.02% | 0.15% | 0.25% | 0.96% | 0.15% |
| DII | — | — | 0.11% | 0.08% | 0.04% | 0.04% |
| Public | 27.12% | 27.99% | 28.56% | 28.50% | 30.56% | 31.35% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026
Dividend - Rs 0.30 Per Share
Dividend - Re 0.2 Per Share
Annual General Meeting
Latest News
All newsMarine Electricals bags new order contracts
*Marine Electricals bags new order contracts*. Marine Electricals (India) Limited has secured fresh orders, as disclosed in a regulatory filing. The company did not specify the **value** or **volume** of the contracts. This indicates potential revenue inflow and order book growth. 📊 *STOCKS:* MARINEELEC | 🏢 *SECTOR:* Electrical | #MEDIUMIMPACT #Orders
Marine Electricals bags new order contracts
*Marine Electricals bags new order contracts*. Marine Electricals (India) Limited has secured fresh orders, as informed to the stock exchange. The company did not disclose the value or specifics of the contracts. Such orders typically signal business momentum in the defense and marine electrical sector. 📊 *STOCKS:* $MARINE | 🏢 *SECTOR:* Electricals | #MEDIUMIMPACT #Orders
Marine Electricals secures new order contracts
*Marine Electricals secures new order contracts* \nMarine Electricals (India) Limited has informed the exchange about receiving new orders. The company did not disclose the **value** or **parties** involved in the contracts. Such orders could boost future revenues and order book visibility. \n\n📊 *STOCKS:* $MARINE | 🏢 *SECTOR:* Engineering | #MEDIUMIMPACT #Orders
Marine Electricals secures new orders worth undisclosed value
*Marine Electricals secures new orders worth undisclosed value.* The company has received contracts in the defence and marine sectors, boosting its order book. While financial details remain undisclosed, the win reflects growing trust in its engineering capabilities. Execution may positively impact near-term revenues. 📊 *STOCKS:* $MARINE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
Marine Electricals announces capacity expansion, new Goa plant.
*Marine Electricals announces capacity expansion, new Goa plant.* The company has unveiled plans for a new manufacturing facility in Goa to scale up production. This expansion signals a strategic capex move aimed at meeting growing demand. The long-term growth outlook appears positive with **increased operational capacity**. 📊 *STOCKS:* $MARINEELEC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Expansion
Marine Electricals secures new orders worth **₹102.5 crore**
*Marine Electricals secures new orders worth **₹102.5 crore**.* The company has received fresh contracts, enhancing its order book. This development is expected to boost revenue visibility over the coming quarters. The contracts pertain to the defence and maritime sectors. 📊 *STOCKS:* $MARINE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
Marine Electricals secures new order contracts
*Marine Electricals secures new order contracts.* The company has received new orders, details of which are pending disclosure. This adds to its current order book and may boost future revenues. **No value or timeline disclosed** yet, limiting immediate assessment. 📊 *STOCKS:* $MARINE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Orders
Marine Electricals bags new orders worth undisclosed value
*Marine Electricals bags new orders worth undisclosed value*. The company has secured new contracts, though the value and duration remain undisclosed. This order receipt may boost near-term revenue visibility. Such developments are positive for order-book momentum. 📊 *STOCKS:* MARINEELEC | 🏢 *SECTOR:* Engineering | #MEDIUMIMPACT #Orders
Marine Electricals bags new order contracts
*Marine Electricals bags new order contracts.* The company has secured fresh orders, though exact value remains undisclosed. Such contracts typically boost order book and revenue visibility. Execution could enhance near-term performance. 📊 *STOCKS:* MEIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #orderwin
Marine Electricals secures new orders
*Marine Electricals secures new orders* — The company has received fresh contracts, enhancing its order book. Specific value and duration of the orders were not disclosed. This reinforces ongoing business momentum in its core segments. 📊 *STOCKS:* MEIL | 🏢 *SECTOR:* Electrical Equipment | #MEDIUMIMPACT #orders
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹210 Cr 5.4% | ₹222 Cr 32.9% | ₹167 Cr 33.5% | ₹251 Cr 29.4% | ₹194 Cr 5.4% | ₹184 Cr 33.3% | ₹138 Cr 41.8% | ₹237 Cr |
| Op. Profit | ₹20 Cr 23.1% | ₹26 Cr 52.9% | ₹17 Cr 22.7% | ₹22 Cr 100.0% | ₹11 Cr 47.6% | ₹21 Cr 61.5% | ₹13 Cr 35.0% | ₹20 Cr |
| OPM | 10.0% 16.7% | 12.0% 20.0% | 10.0% 11.1% | 9.0% 50.0% | 6.0% 50.0% | 12.0% 20.0% | 10.0% 11.1% | 9.0% |
| Net Profit | ₹12 Cr 29.4% | ₹17 Cr 41.7% | ₹12 Cr 14.3% | ₹14 Cr 180.0% | ₹5 Cr 61.5% | ₹13 Cr 85.7% | ₹7 Cr 41.7% | ₹12 Cr |
| EPS (₹) | 0.85 29.2% | 1.2 42.9% | 0.84 13.4% | 0.97 155.3% | 0.38 58.7% | 0.92 70.4% | 0.54 43.7% | 0.96 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹877 Cr 14.3% | ₹767 Cr 23.3% | ₹622 Cr 40.4% | ₹443 Cr 17.8% | ₹376 Cr 49.8% | ₹251 Cr 4.6% | ₹263 Cr 34.3% | ₹400 Cr 8.4% | ₹369 Cr 35.7% | ₹272 Cr |
| Expenses | ₹782 Cr 12.0% | ₹698 Cr 22.5% | ₹570 Cr 41.1% | ₹404 Cr 17.4% | ₹344 Cr 53.6% | ₹224 Cr 6.7% | ₹240 Cr 36.5% | ₹378 Cr 12.2% | ₹337 Cr 37.0% | ₹246 Cr |
| Op. Profit | ₹94 Cr 36.2% | ₹69 Cr 32.7% | ₹52 Cr 33.3% | ₹39 Cr 21.9% | ₹32 Cr 18.5% | ₹27 Cr 22.7% | ₹22 Cr 0.0% | ₹22 Cr 29.0% | ₹31 Cr 19.2% | ₹26 Cr |
| OPM | 11.0% 22.2% | 9.0% 12.5% | 8.0% 11.1% | 9.0% 0.0% | 9.0% 18.2% | 11.0% 22.2% | 9.0% 50.0% | 6.0% 33.3% | 9.0% 0.0% | 9.0% |
| Other Income | ₹15 Cr 15.4% | ₹13 Cr 85.7% | ₹7 Cr 40.0% | ₹5 Cr 25.0% | ₹4 Cr 50.0% | ₹8 Cr 33.3% | ₹6 Cr 50.0% | ₹4 Cr 33.3% | ₹3 Cr 50.0% | ₹2 Cr |
| Interest | ₹19 Cr 35.7% | ₹14 Cr 16.7% | ₹12 Cr 20.0% | ₹10 Cr 42.9% | ₹7 Cr 22.2% | ₹9 Cr 18.2% | ₹11 Cr 37.5% | ₹8 Cr 14.3% | ₹7 Cr 40.0% | ₹5 Cr |
| Depreciation | ₹15 Cr 6.3% | ₹16 Cr 60.0% | ₹10 Cr 25.0% | ₹8 Cr 11.1% | ₹9 Cr 0.0% | ₹9 Cr 10.0% | ₹10 Cr 100.0% | ₹5 Cr 0.0% | ₹5 Cr 0.0% | ₹5 Cr |
| PBT | ₹76 Cr 46.2% | ₹52 Cr 44.4% | ₹36 Cr 44.0% | ₹25 Cr 31.6% | ₹19 Cr 11.8% | ₹17 Cr 112.5% | ₹8 Cr 38.5% | ₹13 Cr 43.5% | ₹23 Cr 27.8% | ₹18 Cr |
| Tax % | 23.0% 14.8% | 27.0% 6.9% | 29.0% 12.1% | 33.0% 3.1% | 32.0% 60.0% | 20.0% 16.7% | 24.0% 17.2% | 29.0% 3.6% | 28.0% 26.3% | 38.0% |
| Net Profit | ₹59 Cr 55.3% | ₹38 Cr 46.2% | ₹26 Cr 52.9% | ₹17 Cr 30.8% | ₹13 Cr 7.1% | ₹14 Cr 133.3% | ₹6 Cr 33.3% | ₹9 Cr 43.8% | ₹16 Cr 45.5% | ₹11 Cr |
| EPS (₹) | 4.17 49.5% | 2.79 43.1% | 1.95 44.4% | 1.35 27.4% | 1.06 1.0% | 1.05 128.3% | 0.46 38.7% | 0.75 57.1% | 1.75 47.1% | 1.19 |
| Div Payout | 0.0% 100.0% | 11.0% 10.0% | 10.0% | 0.0% | 0.0% 100.0% | 19.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹28 Cr 0.0% | ₹28 Cr 3.7% | ₹27 Cr 8.0% | ₹25 Cr 0.0% | ₹25 Cr 0.0% | ₹25 Cr 0.0% | ₹25 Cr 0.0% | ₹25 Cr 38.9% | ₹18 Cr 5.9% | ₹17 Cr |
| Reserves | ₹402 Cr 6.9% | ₹376 Cr 67.9% | ₹224 Cr 22.4% | ₹183 Cr 22.0% | ₹150 Cr 8.7% | ₹138 Cr 9.5% | ₹126 Cr 3.1% | ₹130 Cr 66.7% | ₹78 Cr 34.5% | ₹58 Cr |
| Borrowings | ₹56 Cr 1.8% | ₹55 Cr 43.3% | ₹97 Cr 47.0% | ₹66 Cr 78.4% | ₹37 Cr 36.2% | ₹58 Cr 3.6% | ₹56 Cr 1.8% | ₹57 Cr 23.9% | ₹46 Cr 15.0% | ₹40 Cr |
| Other Liabilities | ₹273 Cr 2.6% | ₹266 Cr 0.7% | ₹268 Cr 39.6% | ₹192 Cr 18.5% | ₹162 Cr 0.0% | ₹162 Cr 8.0% | ₹176 Cr 8.6% | ₹162 Cr 23.6% | ₹212 Cr 89.3% | ₹112 Cr |
| Total Liabilities | ₹759 Cr 4.7% | ₹725 Cr 17.7% | ₹616 Cr 32.2% | ₹466 Cr 24.9% | ₹373 Cr 2.6% | ₹383 Cr 0.0% | ₹383 Cr 2.7% | ₹373 Cr 5.4% | ₹354 Cr 55.9% | ₹227 Cr |
Assets | ||||||||||
| Fixed Assets | ₹91 Cr 21.3% | ₹75 Cr 0.0% | ₹75 Cr 13.6% | ₹66 Cr 34.7% | ₹49 Cr 2.1% | ₹48 Cr 9.4% | ₹53 Cr 23.3% | ₹43 Cr 10.3% | ₹39 Cr 30.4% | ₹56 Cr |
| CWIP | ₹12 Cr 25.0% | ₹16 Cr 166.7% | ₹6 Cr | ₹0 Cr 100.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹14 Cr 0.0% | ₹14 Cr | ₹0 Cr |
| Investments | ₹3 Cr 50.0% | ₹6 Cr 0.0% | ₹6 Cr 100.0% | ₹3 Cr 0.0% | ₹3 Cr 0.0% | ₹3 Cr 40.0% | ₹5 Cr 66.7% | ₹3 Cr 0.0% | ₹3 Cr | ₹0 Cr |
| Other Assets | ₹652 Cr 4.0% | ₹627 Cr 18.5% | ₹529 Cr 33.6% | ₹396 Cr 24.1% | ₹319 Cr 3.6% | ₹331 Cr 1.8% | ₹325 Cr 3.8% | ₹313 Cr 5.4% | ₹297 Cr 73.7% | ₹171 Cr |
| Total Assets | ₹759 Cr 4.7% | ₹725 Cr 17.7% | ₹616 Cr 32.2% | ₹466 Cr 24.9% | ₹373 Cr 2.6% | ₹383 Cr 0.0% | ₹383 Cr 2.7% | ₹373 Cr 5.4% | ₹354 Cr 55.9% | ₹227 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹55 Cr 885.7% | ₹-7 Cr 250.0% | ₹-2 Cr 104.3% | ₹47 Cr 2250.0% | ₹2 Cr 91.3% | ₹23 Cr 143.4% | ₹-53 Cr 271.0% | ₹31 Cr 138.5% | ₹13 Cr | — |
| Investing CF | ₹-95 Cr 352.4% | ₹-21 Cr 25.0% | ₹-28 Cr 47.4% | ₹-19 Cr 2000.0% | ₹1 Cr 200.0% | ₹-1 Cr 200.0% | ₹1 Cr 104.3% | ₹-23 Cr 43.8% | ₹-16 Cr | — |
| Financing CF | ₹52 Cr 62.5% | ₹32 Cr 3.2% | ₹31 Cr 200.0% | ₹-31 Cr 342.9% | ₹-7 Cr 63.2% | ₹-19 Cr 143.2% | ₹44 Cr 1366.7% | ₹3 Cr 50.0% | ₹2 Cr | — |
| Net Cash Flow | ₹12 Cr 200.0% | ₹4 Cr 300.0% | ₹1 Cr 133.3% | ₹-3 Cr 0.0% | ₹-3 Cr 200.0% | ₹3 Cr 133.3% | ₹-9 Cr 181.8% | ₹11 Cr 1200.0% | ₹-1 Cr | — |
| Free Cash Flow | ₹35 Cr 209.4% | ₹-32 Cr 33.3% | ₹-24 Cr 164.9% | ₹37 Cr 1950.0% | ₹-2 Cr 108.7% | ₹23 Cr 137.7% | ₹-61 Cr 354.2% | ₹24 Cr 580.0% | ₹-5 Cr | — |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 157d 15.6% | 186d 0.0% | 186d 11.4% | 167d 33.7% | 252d 7.2% | 235d 35.1% | 174d 4.4% | 182d 23.0% | 148d 42.3% | 104d |
| Inventory Days | 52d 27.8% | 72d 1.4% | 71d 30.4% | 102d 38.6% | 166d 13.7% | 146d 128.1% | 64d 4.9% | 61d 16.4% | 73d 151.7% | 29d |
| Days Payable | 129d 22.8% | 167d 3.7% | 161d 1.3% | 159d 40.4% | 267d 8.6% | 292d 89.6% | 154d 26.3% | 209d 24.4% | 168d 115.4% | 78d |
| Cash Conv. Cycle | 80d 12.1% | 91d 5.2% | 96d 12.7% | 110d 27.6% | 152d 68.9% | 90d 7.1% | 84d 154.5% | 33d 36.5% | 52d 5.5% | 55d |
| Working Capital Days | 129d 63.3% | 79d 16.8% | 95d 12.0% | 108d 31.2% | 157d 29.8% | 121d 39.1% | 87d 443.8% | 16d 78.9% | 76d 13.4% | 67d |
| ROCE | 16.0% 6.7% | 15.0% 7.1% | 14.0% 16.7% | 12.0% 0.0% | 12.0% 33.3% | 9.0% 25.0% | 12.0% 45.5% | 22.0% 4.8% | 21.0% 5.0% | 20.0% |
Source: Screener.in · Lower days = better efficiency