Share Price and Basic Stock Data
Last Updated: October 15, 2025, 3:50 pm
| PEG Ratio | 2.75 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Marine Electricals (India) Ltd operates within the electric equipment sector, demonstrating notable growth in its sales figures. In FY 2025, the company reported total sales of ₹701 Cr, an increase from ₹391 Cr in FY 2023. The revenue trajectory has shown consistent improvement, with quarterly sales rising from ₹65 Cr in June 2022 to ₹202 Cr in March 2024. This upward trend reflects a positive market response and effective operational strategies. The operating profit margin (OPM) remained stable around 9% to 10% in recent quarters, indicating that while revenue has increased, the cost management efforts have been consistent. However, expenses also grew from ₹356 Cr in FY 2023 to ₹638 Cr in FY 2025, suggesting that the company must continue to focus on controlling costs to enhance profitability. The cash conversion cycle stood at 76 days, reflecting efficient management of working capital, although this figure indicates room for improvement compared to industry peers.
Profitability and Efficiency Metrics
Marine Electricals reported a net profit of ₹41 Cr for FY 2025, up from ₹20 Cr in FY 2023, showcasing an impressive growth rate in profitability. The earnings per share (EPS) increased from ₹1.54 in FY 2023 to ₹2.97 in FY 2025, highlighting enhanced earnings generation in relation to shares outstanding. The return on equity (ROE) stood at 13%, while the return on capital employed (ROCE) was reported at 17.5%, indicating that the company is generating adequate returns on the capital invested. The interest coverage ratio (ICR) of 4.76x suggests that Marine Electricals can comfortably cover its interest obligations, which is a positive indicator of financial health. However, the operating profit margin has fluctuated, with a dip to 7% in September 2023, indicating potential challenges in maintaining consistent profitability. The company’s OPM of 9% to 10% is relatively modest compared to industry standards, which may suggest that operational efficiencies could be further optimized.
Balance Sheet Strength and Financial Ratios
The balance sheet of Marine Electricals depicts a solid financial position, with total assets reported at ₹635 Cr for FY 2025, up from ₹372 Cr in FY 2023. Reserves have significantly increased to ₹349 Cr, demonstrating a strong retention of earnings and a robust capital base. The company maintains a conservative borrowing strategy, with total borrowings at ₹34 Cr, resulting in a debt-to-equity ratio of 0.38x, which is quite favorable compared to industry norms. Liquidity ratios also reflect stability, with a current ratio of 1.48x and a quick ratio of 1.20x, suggesting that Marine Electricals is well-positioned to meet its short-term liabilities. However, the price-to-book value (P/BV) ratio of 4.77x indicates that the stock might be trading at a premium relative to its book value, which could raise concerns among value-focused investors. While the financial ratios indicate a generally healthy balance sheet, the high P/BV may warrant a closer examination of future growth prospects versus valuation.
Shareholding Pattern and Investor Confidence
As of March 2025, the shareholding pattern of Marine Electricals shows that promoters hold 68.45% of the equity, a decline from 74.46% in March 2023, which may indicate a gradual dilution of promoter control. The public shareholding has increased to 31.40%, which reflects a growing interest from retail investors. However, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have minimal stakes, with FIIs at 0.08% and DIIs at 0.07%. The total number of shareholders reached 96,332, an increase from 52,755 in March 2023, indicating enhanced retail participation and confidence in the company’s prospects. The gradual shift in shareholding dynamics could suggest a more diverse investor base, which may be a positive sign for future capital raising efforts. Nonetheless, the low institutional participation indicates a potential risk as institutional investors often bring stability and long-term investment perspectives.
Outlook, Risks, and Final Insight
If the company can sustain its revenue growth while managing costs effectively, it may enhance its profitability and operational efficiency. The upward trend in net profit and EPS indicates a strong potential for continued growth. However, risks remain, including the fluctuating operating profit margins and the relatively high P/BV ratio, which could deter value-oriented investors. Additionally, the decline in promoter shareholding raises questions about long-term control and strategic direction. If Marine Electricals can attract more institutional investors, it could stabilize the share price and provide additional resources for growth. The management’s ability to navigate operational challenges while capitalizing on market opportunities will be crucial in determining the company’s future trajectory within the competitive electric equipment sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Marine Electricals (India) Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Kaycee Industries Ltd | 370 Cr. | 1,166 | 4,609/800 | 64.1 | 91.5 | 0.17 % | 30.6 % | 22.2 % | 10.0 |
| Modern Insulators Ltd | 610 Cr. | 129 | 165/85.0 | 14.6 | 98.8 | 0.00 % | 8.98 % | 7.36 % | 10.0 |
| Modison Ltd | 517 Cr. | 159 | 211/108 | 19.0 | 66.7 | 2.18 % | 15.5 % | 12.1 % | 1.00 |
| Evans Electric Ltd | 84.0 Cr. | 153 | 252/118 | 12.2 | 47.8 | 0.98 % | 40.8 % | 30.0 % | 10.0 |
| Epic Energy Ltd | 31.2 Cr. | 43.3 | 148/36.5 | 24.4 | 11.2 | 0.00 % | 14.2 % | 17.8 % | 10.0 |
| Industry Average | 12,015.74 Cr | 530.87 | 157.74 | 81.49 | 0.25% | 16.67% | 16.17% | 6.34 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 65 | 80 | 116 | 130 | 86 | 121 | 124 | 202 | 125 | 165 | 185 | 225 | 147 |
| Expenses | 62 | 74 | 102 | 119 | 77 | 113 | 115 | 182 | 112 | 150 | 170 | 206 | 133 |
| Operating Profit | 3 | 6 | 14 | 11 | 9 | 9 | 9 | 20 | 13 | 16 | 15 | 19 | 14 |
| OPM % | 5% | 8% | 12% | 9% | 10% | 7% | 8% | 10% | 10% | 10% | 8% | 8% | 10% |
| Other Income | 2 | 2 | 0 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 5 | 4 | 5 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 2 |
| Profit before tax | 2 | 5 | 11 | 9 | 6 | 7 | 7 | 18 | 11 | 13 | 13 | 17 | 14 |
| Tax % | 27% | 29% | 21% | 30% | 27% | 27% | 22% | 25% | 24% | 24% | 23% | 24% | 24% |
| Net Profit | 2 | 3 | 8 | 6 | 5 | 5 | 5 | 13 | 8 | 10 | 10 | 13 | 11 |
| EPS in Rs | 0.14 | 0.27 | 0.68 | 0.49 | 0.38 | 0.39 | 0.40 | 1.02 | 0.62 | 0.70 | 0.74 | 0.93 | 0.79 |
Last Updated: August 20, 2025, 7:10 am
Below is a detailed analysis of the quarterly data for Marine Electricals (India) Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 147.00 Cr.. The value appears to be declining and may need further review. It has decreased from 225.00 Cr. (Mar 2025) to 147.00 Cr., marking a decrease of 78.00 Cr..
- For Expenses, as of Jun 2025, the value is 133.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 206.00 Cr. (Mar 2025) to 133.00 Cr., marking a decrease of 73.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 14.00 Cr.. The value appears to be declining and may need further review. It has decreased from 19.00 Cr. (Mar 2025) to 14.00 Cr., marking a decrease of 5.00 Cr..
- For OPM %, as of Jun 2025, the value is 10.00%. The value appears strong and on an upward trend. It has increased from 8.00% (Mar 2025) to 10.00%, marking an increase of 2.00%.
- For Other Income, as of Jun 2025, the value is 5.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2025) to 5.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 3.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 3.00 Cr..
- For Depreciation, as of Jun 2025, the value is 2.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 14.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17.00 Cr. (Mar 2025) to 14.00 Cr., marking a decrease of 3.00 Cr..
- For Tax %, as of Jun 2025, the value is 24.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 24.00%.
- For Net Profit, as of Jun 2025, the value is 11.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13.00 Cr. (Mar 2025) to 11.00 Cr., marking a decrease of 2.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 0.79. The value appears to be declining and may need further review. It has decreased from 0.93 (Mar 2025) to 0.79, marking a decrease of 0.14.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:52 am
| Metric | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 78 | 98 | 193 | 209 | 288 | 323 | 206 | 200 | 323 | 391 | 534 | 701 | 722 |
| Expenses | 70 | 87 | 175 | 189 | 263 | 305 | 189 | 177 | 296 | 356 | 486 | 638 | 659 |
| Operating Profit | 8 | 11 | 18 | 21 | 25 | 18 | 17 | 23 | 27 | 35 | 47 | 62 | 64 |
| OPM % | 10% | 11% | 9% | 10% | 9% | 6% | 8% | 11% | 8% | 9% | 9% | 9% | 9% |
| Other Income | 0 | 0 | 2 | 2 | 2 | 3 | 6 | 4 | 5 | 6 | 8 | 14 | 17 |
| Interest | 2 | 3 | 3 | 4 | 5 | 6 | 9 | 8 | 6 | 9 | 10 | 12 | 12 |
| Depreciation | 1 | 1 | 5 | 4 | 4 | 3 | 8 | 8 | 8 | 6 | 7 | 11 | 12 |
| Profit before tax | 5 | 7 | 13 | 15 | 18 | 11 | 6 | 11 | 18 | 26 | 38 | 54 | 57 |
| Tax % | 4% | 31% | 37% | 42% | 34% | 29% | 21% | 28% | 29% | 26% | 25% | 24% | |
| Net Profit | 5 | 5 | 8 | 9 | 12 | 8 | 5 | 8 | 12 | 20 | 28 | 41 | 44 |
| EPS in Rs | 0.54 | 0.55 | 0.92 | 1.00 | 1.30 | 0.63 | 0.39 | 0.64 | 1.02 | 1.54 | 2.14 | 2.97 | 3.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 0% | 0% | 9% | 10% |
YoY Net Profit Growth
| Year | 2012-2013 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 0.00% | 12.50% | 33.33% | -33.33% | -37.50% | 60.00% | 50.00% | 66.67% | 40.00% | 46.43% |
| Change in YoY Net Profit Growth (%) | 0.00% | 12.50% | 20.83% | -66.67% | -4.17% | 97.50% | -10.00% | 16.67% | -26.67% | 6.43% |
Marine Electricals (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2024-2025.
No data available for the compounded sales growth chart.
Balance Sheet
Last Updated: October 10, 2025, 2:30 pm
| Month | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 18 | 25 | 25 | 25 | 25 | 25 | 27 | 28 |
| Reserves | 8 | 13 | 33 | 42 | 57 | 100 | 101 | 109 | 120 | 155 | 196 | 349 |
| Borrowings | 19 | 19 | 28 | 31 | 33 | 43 | 39 | 48 | 29 | 55 | 76 | 34 |
| Other Liabilities | 36 | 39 | 45 | 67 | 168 | 114 | 129 | 116 | 106 | 138 | 220 | 223 |
| Total Liabilities | 80 | 89 | 124 | 157 | 277 | 280 | 294 | 298 | 280 | 372 | 519 | 635 |
| Fixed Assets | 32 | 31 | 37 | 42 | 26 | 31 | 46 | 39 | 38 | 39 | 46 | 48 |
| CWIP | 0 | 0 | 0 | 0 | 14 | 14 | 0 | 0 | 2 | 0 | 6 | 13 |
| Investments | 6 | 6 | 7 | 7 | 7 | 12 | 11 | 11 | 9 | 26 | 36 | 39 |
| Other Assets | 43 | 51 | 79 | 108 | 230 | 223 | 238 | 247 | 230 | 307 | 432 | 534 |
| Total Assets | 80 | 89 | 124 | 157 | 277 | 280 | 294 | 298 | 280 | 372 | 519 | 635 |
Below is a detailed analysis of the balance sheet data for Marine Electricals (India) Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 28.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Mar 2024) to 28.00 Cr., marking an increase of 1.00 Cr..
- For Reserves, as of Mar 2025, the value is 349.00 Cr.. The value appears strong and on an upward trend. It has increased from 196.00 Cr. (Mar 2024) to 349.00 Cr., marking an increase of 153.00 Cr..
- For Borrowings, as of Mar 2025, the value is 34.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 76.00 Cr. (Mar 2024) to 34.00 Cr., marking a decrease of 42.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 223.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 220.00 Cr. (Mar 2024) to 223.00 Cr., marking an increase of 3.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 635.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 519.00 Cr. (Mar 2024) to 635.00 Cr., marking an increase of 116.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 48.00 Cr.. The value appears strong and on an upward trend. It has increased from 46.00 Cr. (Mar 2024) to 48.00 Cr., marking an increase of 2.00 Cr..
- For CWIP, as of Mar 2025, the value is 13.00 Cr.. The value appears strong and on an upward trend. It has increased from 6.00 Cr. (Mar 2024) to 13.00 Cr., marking an increase of 7.00 Cr..
- For Investments, as of Mar 2025, the value is 39.00 Cr.. The value appears strong and on an upward trend. It has increased from 36.00 Cr. (Mar 2024) to 39.00 Cr., marking an increase of 3.00 Cr..
- For Other Assets, as of Mar 2025, the value is 534.00 Cr.. The value appears strong and on an upward trend. It has increased from 432.00 Cr. (Mar 2024) to 534.00 Cr., marking an increase of 102.00 Cr..
- For Total Assets, as of Mar 2025, the value is 635.00 Cr.. The value appears strong and on an upward trend. It has increased from 519.00 Cr. (Mar 2024) to 635.00 Cr., marking an increase of 116.00 Cr..
Notably, the Reserves (349.00 Cr.) exceed the Borrowings (34.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -11.00 | -8.00 | -10.00 | -10.00 | -8.00 | -25.00 | -22.00 | -25.00 | -2.00 | -20.00 | -29.00 | 28.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 118 | 95 | 110 | 136 | 186 | 155 | 215 | 232 | 135 | 163 | 179 | 150 |
| Inventory Days | 16 | 43 | 42 | 45 | 136 | 150 | 84 | 55 | 66 | 40 | ||
| Days Payable | 89 | 128 | 207 | 131 | 272 | 232 | 119 | 130 | 160 | 114 | ||
| Cash Conversion Cycle | 118 | 95 | 38 | 51 | 21 | 69 | 79 | 150 | 100 | 88 | 85 | 76 |
| Working Capital Days | 32 | 24 | -8 | 22 | -1 | 70 | 109 | 141 | 90 | 79 | 72 | 123 |
| ROCE % | 18% | 20% | 22% | 23% | 12% | 9% | 10% | 13% | 16% | 17% | 18% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 10.00 |
| Basic EPS (Rs.) | 2.02 | 1.38 | 1.06 | 1.05 | 3.69 |
| Diluted EPS (Rs.) | 2.02 | 1.36 | 1.06 | 1.05 | 3.69 |
| Cash EPS (Rs.) | 2.71 | 1.97 | 1.85 | 1.85 | 6.54 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 18.90 | 17.00 | 14.80 | 13.86 | 65.97 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 18.90 | 17.00 | 14.80 | 13.86 | 65.97 |
| Revenue From Operations / Share (Rs.) | 46.89 | 35.06 | 30.68 | 20.49 | 117.68 |
| PBDIT / Share (Rs.) | 4.44 | 3.41 | 2.94 | 2.85 | 11.56 |
| PBIT / Share (Rs.) | 3.66 | 2.77 | 2.18 | 2.11 | 8.74 |
| PBT / Share (Rs.) | 2.73 | 1.98 | 1.59 | 1.38 | 4.63 |
| Net Profit / Share (Rs.) | 1.93 | 1.33 | 1.08 | 1.10 | 3.72 |
| NP After MI And SOA / Share (Rs.) | 1.95 | 1.35 | 1.06 | 1.05 | 3.69 |
| PBDIT Margin (%) | 9.47 | 9.73 | 9.59 | 13.91 | 9.82 |
| PBIT Margin (%) | 7.80 | 7.90 | 7.10 | 10.28 | 7.42 |
| PBT Margin (%) | 5.81 | 5.66 | 5.17 | 6.73 | 3.93 |
| Net Profit Margin (%) | 4.11 | 3.79 | 3.53 | 5.38 | 3.15 |
| NP After MI And SOA Margin (%) | 4.16 | 3.83 | 3.44 | 5.13 | 3.13 |
| Return on Networth / Equity (%) | 10.33 | 8.15 | 7.43 | 7.91 | 5.79 |
| Return on Capital Employeed (%) | 16.86 | 14.47 | 14.11 | 14.18 | 12.37 |
| Return On Assets (%) | 4.20 | 3.64 | 3.47 | 3.36 | 2.37 |
| Long Term Debt / Equity (X) | 0.10 | 0.10 | 0.02 | 0.05 | 0.05 |
| Total Debt / Equity (X) | 0.38 | 0.31 | 0.20 | 0.29 | 0.29 |
| Asset Turnover Ratio (%) | 1.15 | 1.06 | 0.97 | 0.58 | 0.62 |
| Current Ratio (X) | 1.48 | 1.60 | 1.65 | 1.61 | 1.52 |
| Quick Ratio (X) | 1.20 | 1.32 | 1.22 | 1.21 | 1.16 |
| Inventory Turnover Ratio (X) | 6.36 | 4.39 | 3.60 | 2.16 | 3.02 |
| Dividend Payout Ratio (NP) (%) | 0.00 | 0.00 | 18.90 | 0.00 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 0.00 | 0.00 | 10.98 | 0.00 | 0.00 |
| Earning Retention Ratio (%) | 0.00 | 0.00 | 81.10 | 0.00 | 0.00 |
| Cash Earning Retention Ratio (%) | 0.00 | 0.00 | 89.02 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 4.76 | 4.33 | 4.96 | 3.92 | 2.81 |
| Interest Coverage Ratio (Post Tax) (X) | 3.07 | 2.69 | 2.83 | 2.52 | 1.90 |
| Enterprise Value (Cr.) | 1273.74 | 505.03 | 411.73 | 849.37 | 258.65 |
| EV / Net Operating Revenue (X) | 2.05 | 1.14 | 1.09 | 3.38 | 0.89 |
| EV / EBITDA (X) | 21.62 | 11.72 | 11.41 | 24.30 | 9.12 |
| MarketCap / Net Operating Revenue (X) | 1.92 | 1.02 | 1.01 | 3.21 | 0.76 |
| Retention Ratios (%) | 0.00 | 0.00 | 81.09 | 0.00 | 0.00 |
| Price / BV (X) | 4.77 | 2.17 | 2.17 | 4.95 | 1.42 |
| Price / Net Operating Revenue (X) | 1.92 | 1.02 | 1.01 | 3.21 | 0.76 |
| EarningsYield | 0.02 | 0.03 | 0.03 | 0.01 | 0.04 |
After reviewing the key financial ratios for Marine Electricals (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 24, the value is 2.02. This value is below the healthy minimum of 5. It has increased from 1.38 (Mar 23) to 2.02, marking an increase of 0.64.
- For Diluted EPS (Rs.), as of Mar 24, the value is 2.02. This value is below the healthy minimum of 5. It has increased from 1.36 (Mar 23) to 2.02, marking an increase of 0.66.
- For Cash EPS (Rs.), as of Mar 24, the value is 2.71. This value is below the healthy minimum of 3. It has increased from 1.97 (Mar 23) to 2.71, marking an increase of 0.74.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 18.90. It has increased from 17.00 (Mar 23) to 18.90, marking an increase of 1.90.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 18.90. It has increased from 17.00 (Mar 23) to 18.90, marking an increase of 1.90.
- For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 46.89. It has increased from 35.06 (Mar 23) to 46.89, marking an increase of 11.83.
- For PBDIT / Share (Rs.), as of Mar 24, the value is 4.44. This value is within the healthy range. It has increased from 3.41 (Mar 23) to 4.44, marking an increase of 1.03.
- For PBIT / Share (Rs.), as of Mar 24, the value is 3.66. This value is within the healthy range. It has increased from 2.77 (Mar 23) to 3.66, marking an increase of 0.89.
- For PBT / Share (Rs.), as of Mar 24, the value is 2.73. This value is within the healthy range. It has increased from 1.98 (Mar 23) to 2.73, marking an increase of 0.75.
- For Net Profit / Share (Rs.), as of Mar 24, the value is 1.93. This value is below the healthy minimum of 2. It has increased from 1.33 (Mar 23) to 1.93, marking an increase of 0.60.
- For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 1.95. This value is below the healthy minimum of 2. It has increased from 1.35 (Mar 23) to 1.95, marking an increase of 0.60.
- For PBDIT Margin (%), as of Mar 24, the value is 9.47. This value is below the healthy minimum of 10. It has decreased from 9.73 (Mar 23) to 9.47, marking a decrease of 0.26.
- For PBIT Margin (%), as of Mar 24, the value is 7.80. This value is below the healthy minimum of 10. It has decreased from 7.90 (Mar 23) to 7.80, marking a decrease of 0.10.
- For PBT Margin (%), as of Mar 24, the value is 5.81. This value is below the healthy minimum of 10. It has increased from 5.66 (Mar 23) to 5.81, marking an increase of 0.15.
- For Net Profit Margin (%), as of Mar 24, the value is 4.11. This value is below the healthy minimum of 5. It has increased from 3.79 (Mar 23) to 4.11, marking an increase of 0.32.
- For NP After MI And SOA Margin (%), as of Mar 24, the value is 4.16. This value is below the healthy minimum of 8. It has increased from 3.83 (Mar 23) to 4.16, marking an increase of 0.33.
- For Return on Networth / Equity (%), as of Mar 24, the value is 10.33. This value is below the healthy minimum of 15. It has increased from 8.15 (Mar 23) to 10.33, marking an increase of 2.18.
- For Return on Capital Employeed (%), as of Mar 24, the value is 16.86. This value is within the healthy range. It has increased from 14.47 (Mar 23) to 16.86, marking an increase of 2.39.
- For Return On Assets (%), as of Mar 24, the value is 4.20. This value is below the healthy minimum of 5. It has increased from 3.64 (Mar 23) to 4.20, marking an increase of 0.56.
- For Long Term Debt / Equity (X), as of Mar 24, the value is 0.10. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.10.
- For Total Debt / Equity (X), as of Mar 24, the value is 0.38. This value is within the healthy range. It has increased from 0.31 (Mar 23) to 0.38, marking an increase of 0.07.
- For Asset Turnover Ratio (%), as of Mar 24, the value is 1.15. It has increased from 1.06 (Mar 23) to 1.15, marking an increase of 0.09.
- For Current Ratio (X), as of Mar 24, the value is 1.48. This value is below the healthy minimum of 1.5. It has decreased from 1.60 (Mar 23) to 1.48, marking a decrease of 0.12.
- For Quick Ratio (X), as of Mar 24, the value is 1.20. This value is within the healthy range. It has decreased from 1.32 (Mar 23) to 1.20, marking a decrease of 0.12.
- For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.36. This value is within the healthy range. It has increased from 4.39 (Mar 23) to 6.36, marking an increase of 1.97.
- For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
- For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
- For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
- For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
- For Interest Coverage Ratio (X), as of Mar 24, the value is 4.76. This value is within the healthy range. It has increased from 4.33 (Mar 23) to 4.76, marking an increase of 0.43.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.07. This value is within the healthy range. It has increased from 2.69 (Mar 23) to 3.07, marking an increase of 0.38.
- For Enterprise Value (Cr.), as of Mar 24, the value is 1,273.74. It has increased from 505.03 (Mar 23) to 1,273.74, marking an increase of 768.71.
- For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.05. This value is within the healthy range. It has increased from 1.14 (Mar 23) to 2.05, marking an increase of 0.91.
- For EV / EBITDA (X), as of Mar 24, the value is 21.62. This value exceeds the healthy maximum of 15. It has increased from 11.72 (Mar 23) to 21.62, marking an increase of 9.90.
- For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.92. This value is within the healthy range. It has increased from 1.02 (Mar 23) to 1.92, marking an increase of 0.90.
- For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
- For Price / BV (X), as of Mar 24, the value is 4.77. This value exceeds the healthy maximum of 3. It has increased from 2.17 (Mar 23) to 4.77, marking an increase of 2.60.
- For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.92. This value is within the healthy range. It has increased from 1.02 (Mar 23) to 1.92, marking an increase of 0.90.
- For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 23) to 0.02, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Marine Electricals (India) Ltd:
- Net Profit Margin: 4.11%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 16.86% (Industry Average ROCE: 16.09%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 10.33% (Industry Average ROE: 15.61%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 3.07
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.2
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 69.7 (Industry average Stock P/E: 135.98)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.38
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 4.11%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Electric Equipment - General | No: B/1, Udyog Sadan No.3, Mumbai Maharashtra 400093 | cs@marineelectricals.com https://www.marineelectricals.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Vinay Krishna Uchil | Chairman & Executive Director |
| Mr. Venkatesh Krishnappa Uchil | Managing Director |
| Mr. Shailendra Shukla | Executive Director |
| Mr. Madan Pendse | Ind. Non-Executive Director |
| Mr. Nikunj Mishra | Ind. Non-Executive Director |
| Mr. Vikas Jaywant | Ind. Non-Executive Director |
| Mr. Mohan Rao | Ind. Non-Executive Director |
| Ms. Archana Venkata Rajagopalan | Ind. Non-Executive Director |
| Dr. Tanuja Pudhierkar | Non Exe.Non Ind.Director |
FAQ
What is the intrinsic value of Marine Electricals (India) Ltd?
Marine Electricals (India) Ltd's intrinsic value (as of 15 October 2025) is 198.17 which is 10.33% lower the current market price of 221.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,042 Cr. market cap, FY2025-2026 high/low of 333/139, reserves of ₹349 Cr, and liabilities of 635 Cr.
What is the Market Cap of Marine Electricals (India) Ltd?
The Market Cap of Marine Electricals (India) Ltd is 3,042 Cr..
What is the current Stock Price of Marine Electricals (India) Ltd as on 15 October 2025?
The current stock price of Marine Electricals (India) Ltd as on 15 October 2025 is 221.
What is the High / Low of Marine Electricals (India) Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Marine Electricals (India) Ltd stocks is 333/139.
What is the Stock P/E of Marine Electricals (India) Ltd?
The Stock P/E of Marine Electricals (India) Ltd is 69.7.
What is the Book Value of Marine Electricals (India) Ltd?
The Book Value of Marine Electricals (India) Ltd is 27.3.
What is the Dividend Yield of Marine Electricals (India) Ltd?
The Dividend Yield of Marine Electricals (India) Ltd is 0.14 %.
What is the ROCE of Marine Electricals (India) Ltd?
The ROCE of Marine Electricals (India) Ltd is 17.5 %.
What is the ROE of Marine Electricals (India) Ltd?
The ROE of Marine Electricals (India) Ltd is 13.0 %.
What is the Face Value of Marine Electricals (India) Ltd?
The Face Value of Marine Electricals (India) Ltd is 2.00.