Marine Electricals (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Efficient capital deployment (ROCE 18.2%)
- ✓Low debt relative to equity (D/E 0.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 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 news →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
Marine Electricals bags new orders worth ₹105 crore
*Marine Electricals bags new orders worth ₹105 crore.* The company secured multiple contracts totaling **₹105 crore**, enhancing its order book. These orders are expected to be executed over the next 12–18 months. Revenue recognition will positively impact future quarterly results. 📊 *STOCKS:* MEIL | 🏢 *SECTOR:* Electricals | #MEDIUMIMPACT #OrderWin
Marine Electricals (India) shares see no major update
*Marine Electricals (India) shares see no major update* Marine Electricals (India) Limited has filed a routine corporate update with the NSE, disclosing no material event. The filing refers to general updates without specifying any financial or operational developments. Traders should note absence of actionable information. 📊 *STOCKS:* MEIL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate_update
Marine Electricals (India) shares see no major update
*Marine Electricals (India) shares see no major update* — The company filed a general update with the NSE, disclosing no material developments. **No financial figures** or strategic changes were announced. Investors await concrete news on orders or partnerships. 📊 *STOCKS:* MEIL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporateupdate
Marine Electricals bags new orders worth undisclosed value
*Marine Electricals bags new orders worth undisclosed value*. The company has informed the exchange about receiving new orders, though the value and terms remain undisclosed. This adds to its order book amid ongoing operations. No financial impact details were provided. 📊 *STOCKS:* MARINE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Orders
Marine Electricals earnings weaker than reported, warns simplywall.st
Marine Electricals (India)'s recent earnings appear weaker than headline numbers suggest, according to an analysis by simplywall.st. Despite reported profits, underlying financial health indicators raise concerns for investors. Margins and cash flow trends show **declining operational strength**. The stock may be overvalued based on **earnings quality**. 📊 *STOCKS:* MARINE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Marine Electricals (India) reviewed for investor watchlist
*Marine Electricals (India) reviewed for investor watchlist*\nA recent analysis evaluates whether MARINE deserves a place on retail investors’ watchlists. The stock, trading on NSE, is examined for fundamentals and growth potential. No major financial figures or corporate actions reported.\n\n📊 *STOCKS:* MARINE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #StockAnalysis
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