Marine Electricals (India) Limited MARINE NSEINFRA
Marine Electricals (India) Limited manufactures and sells various marine and industrial electrical and electronic components in India and internationally. The company operates through Marine and Industry segments. It provides marine and defence solutions that offer power generation and distribution solutions, including main switch boards, automated power management systems, motor control centers/group starter panels/local starter panels, distribution boards, battery charger/transformer rectifier units, and navigation light control panels; internal communication systems comprising automatic telephone, self-powered telephone, public address-general alarm, sound reception, and talk-back systems; electrical and hybrid propulsion systems consisting of battery energy storage systems, air- and liquid-cooled drive systems, and motors and alternators; marine LED lights, such as automatic emergency lanterns, flush mounted lights/cabin, flood lights/hanger, pendant, explosion proof pendant, red pendant, weather deck, bilge, tube, bunk, and engine room lights; ancillary systems that include addressable flood alarm systems, wind speed and direction systems, all weather observation systems, data distribution units, and auto transfer switches; and marine motors that comprises brake, SPDP, FLP, winged, dual speed and three speed, salvage pump, and canned motors. Its defence solutions also offer integrated bridge and integrated platform management systems. In addition, the company's commercial solutions provide monitoring and control systems, and integrated navigation and communication systems. Further, it provides LV switchboards, MV switchboards, busducts and bustrunking systems, integrated powering solutions, and IBMS. Additionally, the company offers maritime domain awareness solutions, and mobility product and software solutions, as well as the Biz starter pack. Marine Electricals (India) Limited was founded in 1978 and is headquartered in Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 26.8% over 5 years.
- Profit CAGR of 43.6% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 69.9.
- RSI at 76 suggests overbought conditions.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MARINE Marine Electricals (India) Limited NSEINFRA | 268.94 | 69.85 | ₹3,567.90 Cr | 0.12% | 14.09% | - | 26.82% | 43.61% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 184.10 Cr | 193.80 Cr | 250.32 Cr | 222.25 Cr | 210.23 Cr |
| Cost of Revenue | 146.41 Cr | 161.79 Cr | 211.83 Cr | 174.55 Cr | 168.98 Cr |
| Gross Profit | 37.70 Cr | 32.00 Cr | 38.48 Cr | 47.69 Cr | 41.25 Cr |
| Operating Expenses | 19.97 Cr | 24.66 Cr | 7.49 Cr | 25.43 Cr | 24.91 Cr |
| Operating Income | 17.73 Cr | 7.35 Cr | 30.99 Cr | 22.26 Cr | 16.34 Cr |
| EBITDA | 19.86 Cr | 11.77 Cr | 17.12 Cr | 26.18 Cr | 20.03 Cr |
| Interest Expense | 3.61 Cr | 3.76 Cr | -1.34 Cr | 3.86 Cr | 4.46 Cr |
| Pretax Income | 16.25 Cr | 8.02 Cr | 18.45 Cr | 22.32 Cr | 15.58 Cr |
| Tax Provision | 3.48 Cr | 3.23 Cr | 4.94 Cr | 5.70 Cr | 3.74 Cr |
| Net Income | 12.72 Cr | 5.19 Cr | 13.38 Cr | 16.49 Cr | 11.78 Cr |
| Diluted EPS | 0.94 | 0.38 | - | 1.18 | 0.85 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Revenue | 375.88 Cr | 441.97 Cr | 621.72 Cr | 766.67 Cr |
| Cost of Revenue | 323.43 Cr | 374.34 Cr | 529.22 Cr | 635.15 Cr |
| Gross Profit | 52.44 Cr | 67.63 Cr | 92.50 Cr | 131.52 Cr |
| Operating Expenses | 28.33 Cr | 34.86 Cr | 44.15 Cr | 65.46 Cr |
| Operating Income | 24.11 Cr | 32.76 Cr | 48.35 Cr | 66.06 Cr |
| EBITDA | 32.58 Cr | 39.50 Cr | 55.09 Cr | 77.37 Cr |
| Interest Expense | 3.79 Cr | 6.35 Cr | 8.41 Cr | 9.39 Cr |
| Pretax Income | 19.44 Cr | 25.07 Cr | 36.32 Cr | 52.41 Cr |
| Tax Provision | 6.16 Cr | 8.27 Cr | 10.56 Cr | 14.30 Cr |
| Net Income | 12.98 Cr | 17.00 Cr | 25.90 Cr | 38.43 Cr |
| Diluted EPS | 1.06 | 1.36 | 2.02 | 2.81 |
Compounded Sales Growth
| 5 Years: | 26.82% |
| 1 Year: | 8.50% |
Compounded Profit Growth
| 5 Years: | 43.61% |
| 1 Year: | 123.70% |
Stock Price Performance
| 1 Year: | +29.75% |
| 6 Months: | +17.36% |
| 3 Months: | +42.15% |
| 1 Month: | +17.29% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Total Assets | 373.42 Cr | 465.74 Cr | 615.71 Cr | 724.66 Cr |
| Current Assets | 303.91 Cr | 358.96 Cr | 485.56 Cr | 612.31 Cr |
| Cash & Equivalents | 1.44 Cr | 2.92 Cr | 6.53 Cr | 18.38 Cr |
| Inventory | 79.12 Cr | 63.79 Cr | 92.27 Cr | 78.88 Cr |
| Receivables | 172.18 Cr | 226.09 Cr | 317.03 Cr | 330.84 Cr |
| Total Liabilities | 191.83 Cr | 250.94 Cr | 360.21 Cr | 316.59 Cr |
| Current Liabilities | 183.97 Cr | 223.85 Cr | 327.78 Cr | 286.04 Cr |
| Long Term Debt | 4.39 Cr | 22.22 Cr | 26.54 Cr | 20.83 Cr |
| Total Debt | 36.62 Cr | 65.70 Cr | 97.04 Cr | 55.19 Cr |
| Total Equity | 174.58 Cr | 208.37 Cr | 250.69 Cr | 403.73 Cr |
| Shares Outstanding | 12.27 Cr | 12.63 Cr | 13.27 Cr | 13.27 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Operating Cash Flow | 46.64 Cr | -2.77 Cr | -7.36 Cr | 55.44 Cr |
| Investing Cash Flow | -18.29 Cr | -27.03 Cr | -20.97 Cr | -95.26 Cr |
| Financing Cash Flow | -31.17 Cr | 31.27 Cr | 31.94 Cr | 51.67 Cr |
| Capital Expenditure | -11.90 Cr | -22.97 Cr | -24.16 Cr | -21.75 Cr |
| Free Cash Flow | 34.74 Cr | -25.73 Cr | -31.52 Cr | 33.69 Cr |
| Net Change in Cash | -2.82 Cr | 1.47 Cr | 3.61 Cr | 11.84 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Gross Margin % | 14.0% | 15.3% | 14.9% | 17.2% |
| Operating Margin % | 6.4% | 7.4% | 7.8% | 8.6% |
| Net Margin % | 3.5% | 3.8% | 4.2% | 5.0% |
| ROE % | 7.4% | 8.2% | 10.3% | 9.5% |
| ROCE % | 12.7% | 13.5% | 16.8% | 15.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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