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Marine Electricals (India) Limited MARINE NSEINFRA

Industrials · Electrical Equipment & Parts · India
https://www.marineelectricals.com
Company Profile ↓
₹432.15
+147.22% 1Y
Mkt Cap₹5,733.13 Cr
P/E153.79
P/B9.50
Div. Yield0.09%
52W High₹432.60
52W Low₹151.70
Book Value₹37.15
EPS (TTM)₹2.81

Company Overview

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.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 17.8%.

Consistent Profit Growth

Net profit has compounded at 50.9% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 25.7% CAGR over the past five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.18.

Recent Developments

  • Mar 2026 Revenue of ₹876.94 Cr (+14.3% YoY); net profit ₹58.37 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +14.3%, earnings +51.9%.
  • 5-Year Trend Long-term compounding — revenue CAGR 25.7%, profit CAGR 50.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:25.66%
1 Year:14.32%

Compounded Profit Growth

5 Years:50.88%
1 Year:51.88%

Stock Price Performance

1 Year:+147.22%
6 Months:+125.37%
3 Months:+77.15%
1 Month:+34.27%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 100% of range
₹151.70 ₹432.60
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)79.27 · Overbought
Price Performance
1M+34.27%
3M+77.15%
6M+125.37%
1Y+147.22%
Valuation vs Sector

P/E of 153.79 is above the sector median of 28.90 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 25.7% over 5 years.
  • Profit CAGR of 50.9% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 153.8.
  • RSI at 79 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
153.79
Industry PE
28.90
Forward P/E est.
101.26
PEG Ratio
-
Book Value
₹37.15
Price to Book
9.50
P/S
5.10
EV/EBITDA
49.02
Dividend Yield
0.09%

Growth (CAGR)

Revenue 5Y
25.66%
Profit 5Y
50.88%
Revenue (YoY)
14.32%
Earnings (YoY)
51.88%

Profitability & Returns

ROCE
17.78%
ROE
11.84%
ROA
6.56%
Profit Margin
6.66%
Op Margin
9.09%
Gross Margin
19.67%
EPS (Latest Qtr)
₹1.33
EPS (TTM)
₹2.81

Balance Sheet & Liquidity

Debt/Equity
0.18
Quick Ratio
1.88
Current Ratio
2.12
Debt
₹88.60 Cr
Total Assets
₹890.45 Cr
Current Assets
₹756.20 Cr
Working Capital
₹398.78 Cr

Ownership

Promoter Holding
0.00%
Chg in Prom Hold
-
FII / Inst Holding
0.00%
Chg in FII Hold
-0.93%

Financial Snapshot

Enterprise Value
₹5,733.13 Cr
Total Revenue (TTM)
₹876.94 Cr
EBITDA
₹109.55 Cr
Free Cash Flow
₹-44.34 Cr
Operating Cash Flow
₹-16.06 Cr
Shares Outstanding
₹13.27 Cr
Gross Margin
19.67%
Payout Ratio
7.11%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MARINE Marine Electricals (India) Limited NSEINFRA 432.15 153.79 ₹5,733.13 Cr 0.09% 17.78% 11.84% 25.66% 50.88%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,964.10 33.92 ₹5.45 L Cr 0.94% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,707.30 29.32 ₹3.93 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,856.00 35.63 ₹3.25 L Cr 0.41% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 405.35 48.90 ₹2.96 L Cr 0.63% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,977.00 -80.43 ₹1.92 L Cr 0.24% 4.02% -34.31% 15.55% -227.40%
7 ABB ABB India Limited NSEAIINFRA 7,410.00 94.12 ₹1.57 L Cr 0.51% 28.45% 21.29% 15.41% 17.97%
8 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 431.10 93.72 ₹1.50 L Cr 0.34% 6.60% 6.12% 13.49% 35.91%
9 SIEMENS Siemens Limited NSEAIINFRA 3,977.00 51.47 ₹1.42 L Cr 0.46% 16.46% 19.90% 3.04% 10.90%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 143.00 Cr101.00 Cr137.00 Cr147.00 Cr237.00 Cr138.00 Cr184.10 Cr193.80 Cr250.74 Cr167.00 Cr222.25 Cr210.23 Cr277.48 Cr
Cost of Revenue ------146.41 Cr161.79 Cr207.02 Cr-174.55 Cr168.98 Cr225.71 Cr
Gross Profit ------37.70 Cr32.00 Cr43.72 Cr-47.69 Cr41.25 Cr51.77 Cr
Operating Expenses 132.00 Cr91.00 Cr127.00 Cr135.00 Cr217.00 Cr125.00 Cr19.97 Cr24.66 Cr25.65 Cr150.00 Cr25.43 Cr24.91 Cr24.11 Cr
Operating Income 9.00 Cr8.00 Cr8.00 Cr8.00 Cr17.00 Cr10.00 Cr17.73 Cr7.35 Cr18.08 Cr14.00 Cr22.26 Cr16.34 Cr27.65 Cr
EBITDA 11.00 Cr10.00 Cr10.00 Cr11.00 Cr20.00 Cr13.00 Cr19.86 Cr11.77 Cr21.81 Cr17.00 Cr26.18 Cr20.03 Cr29.93 Cr
Interest Expense 3.00 Cr3.00 Cr3.00 Cr3.00 Cr4.00 Cr3.00 Cr3.61 Cr3.76 Cr3.35 Cr3.00 Cr3.86 Cr4.46 Cr7.54 Cr
Pretax Income 7.00 Cr6.00 Cr7.00 Cr7.00 Cr17.00 Cr10.00 Cr16.25 Cr8.02 Cr18.45 Cr15.00 Cr22.32 Cr15.58 Cr22.38 Cr
Tax Provision 3.01 Cr2.22 Cr2.10 Cr1.61 Cr4.76 Cr2.70 Cr3.48 Cr3.23 Cr4.94 Cr3.75 Cr5.70 Cr3.74 Cr3.81 Cr
Net Income 4.00 Cr4.00 Cr5.00 Cr5.00 Cr12.00 Cr7.00 Cr12.72 Cr5.19 Cr13.38 Cr12.00 Cr16.49 Cr11.78 Cr18.48 Cr
Diluted EPS 0.330.280.370.380.960.540.940.380.960.841.180.851.33

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 236.00 Cr250.00 Cr272.00 Cr369.00 Cr400.00 Cr263.00 Cr251.00 Cr-441.97 Cr621.72 Cr767.10 Cr876.94 Cr
Cost of Revenue --------374.34 Cr529.22 Cr630.33 Cr704.46 Cr
Gross Profit --------67.63 Cr92.50 Cr136.76 Cr172.47 Cr
Operating Expenses 216.00 Cr229.00 Cr246.00 Cr337.00 Cr378.00 Cr240.00 Cr224.00 Cr-34.86 Cr44.15 Cr83.62 Cr92.78 Cr
Operating Income 14.00 Cr16.00 Cr21.00 Cr26.00 Cr17.00 Cr12.00 Cr18.00 Cr-32.76 Cr48.35 Cr53.14 Cr79.69 Cr
EBITDA 20.00 Cr21.00 Cr26.00 Cr31.00 Cr22.00 Cr22.00 Cr27.00 Cr-39.50 Cr55.09 Cr82.05 Cr109.55 Cr
Interest Expense 5.00 Cr3.00 Cr5.00 Cr7.00 Cr8.00 Cr11.00 Cr9.00 Cr-6.35 Cr8.41 Cr14.08 Cr19.02 Cr
Pretax Income 12.00 Cr14.00 Cr18.00 Cr23.00 Cr13.00 Cr8.00 Cr17.00 Cr-25.07 Cr36.32 Cr52.41 Cr75.75 Cr
Tax Provision 3.48 Cr4.76 Cr6.84 Cr6.44 Cr3.77 Cr1.92 Cr3.40 Cr-8.27 Cr10.56 Cr14.30 Cr17.13 Cr
Net Income 9.00 Cr9.00 Cr11.00 Cr16.00 Cr9.00 Cr6.00 Cr14.00 Cr-17.00 Cr25.90 Cr38.43 Cr58.37 Cr
Diluted EPS 0.921.071.191.750.750.461.051.061.362.022.81-

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 143.00 Cr149.00 Cr227.00 Cr354.00 Cr373.00 Cr383.00 Cr383.00 Cr-465.74 Cr615.71 Cr724.66 Cr890.45 Cr
Current Assets --------358.96 Cr485.56 Cr612.31 Cr756.20 Cr
Cash & Equivalents --------2.92 Cr6.53 Cr18.38 Cr22.27 Cr
Inventory --------63.79 Cr92.27 Cr78.88 Cr85.17 Cr
Receivables --------226.09 Cr317.03 Cr330.84 Cr427.73 Cr
Total Liabilities --------250.94 Cr360.21 Cr316.59 Cr388.78 Cr
Current Liabilities --------223.85 Cr327.78 Cr286.04 Cr357.41 Cr
Long Term Debt --------22.22 Cr26.54 Cr20.83 Cr19.88 Cr
Total Debt 24.00 Cr32.00 Cr40.00 Cr46.00 Cr57.00 Cr56.00 Cr58.00 Cr-65.70 Cr97.04 Cr55.19 Cr88.60 Cr
Total Equity 53.00 Cr63.00 Cr75.00 Cr96.00 Cr155.00 Cr151.00 Cr163.00 Cr-208.37 Cr250.69 Cr403.73 Cr492.90 Cr
Shares Outstanding -------12.27 Cr12.63 Cr13.27 Cr13.27 Cr-

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --13.00 Cr31.00 Cr-53.00 Cr23.00 Cr2.00 Cr--2.77 Cr-7.36 Cr55.44 Cr-16.06 Cr
Investing Cash Flow ---16.00 Cr-23.00 Cr1.00 Cr-1.00 Cr1.00 Cr--27.03 Cr-20.97 Cr-95.26 Cr-17.17 Cr
Financing Cash Flow --2.00 Cr3.00 Cr44.00 Cr-19.00 Cr-7.00 Cr-31.27 Cr31.94 Cr51.67 Cr37.13 Cr
Capital Expenditure ---18.00 Cr-7.00 Cr-8.00 Cr0-4.00 Cr--22.97 Cr-24.16 Cr-21.75 Cr-28.27 Cr
Free Cash Flow ---5.00 Cr24.00 Cr-61.00 Cr23.00 Cr-2.00 Cr--25.73 Cr-31.52 Cr33.69 Cr-44.34 Cr
Net Change in Cash ---1.00 Cr11.00 Cr-9.00 Cr3.00 Cr-3.00 Cr-1.47 Cr3.61 Cr11.84 Cr3.90 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------15.3%14.9%17.8%19.7%
Operating Margin % 5.9%6.4%7.7%7.0%4.2%4.6%7.2%-7.4%7.8%6.9%9.1%
Net Margin % 3.8%3.6%4.0%4.3%2.2%2.3%5.6%-3.8%4.2%5.0%6.7%
ROE % 17.0%14.3%14.7%16.7%5.8%4.0%8.6%-8.2%10.3%9.5%11.8%
ROCE % --------13.5%16.8%12.1%15.0%

Shareholding Pattern

Insiders
0.00%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

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MARINE — Frequently Asked Questions

What is the current share price of Marine Electricals (India) Limited (MARINE)?

As of 2026-09-08 04:53 IST, Marine Electricals (India) Limited (MARINE) trades at ₹432.15 on NSE. Its 52-week range is ₹151.70 to ₹432.60.

What is the market capitalisation of MARINE?

Marine Electricals (India) Limited (MARINE) has a market capitalisation of ₹5,733.13 Cr on NSE.

What is the P/E ratio of MARINE?

MARINE trades at a trailing price-to-earnings (P/E) ratio of 153.79. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 9.50.

Does MARINE pay a dividend?

Marine Electricals (India) Limited (MARINE) currently offers a dividend yield of 0.09%.

What is the return on equity (ROE) of MARINE?

MARINE has a return on equity (ROE) of 11.84%. Its return on capital employed (ROCE) is 17.78%.

Is MARINE a good stock to buy?

This page provides a data-driven analysis of Marine Electricals (India) Limited (MARINE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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