Marine Electricals (India) Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Marine Electricals (India) Ltd?

Marine Electricals (India) Ltd is trading at 225.00 as of 26 April 2026, with a FY2026-2027 high of 258 and low of 151. The stock is currently in the middle of its 52-week range. Market cap stands at 3,145 Cr..

Q: Is Marine Electricals (India) Ltd financially healthy?

Key indicators: ROCE of 17.5 % indicates efficient capital utilization. Dividend yield is 0.13 %.

Q: Is Marine Electricals (India) Ltd profitable and how is the profit trend?

Marine Electricals (India) Ltd reported a net profit of 41 Cr in Mar 2025 on revenue of 701 Cr. Compared to 12 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹188.09Overvalued by 16.40%vs CMP ₹225.00

P/E (62.5) × ROE (13.0%) × BV (₹28.90) × DY (0.13%)

₹93.61Overvalued by 58.40%vs CMP ₹225.00

MoS: -140.4% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹242.72	23%	Fair (+7.9%)
Graham Number	Earnings	₹48.72	17%	Over (-78.3%)
Earnings Power	Earnings	₹14.90	11%	Over (-93.4%)
DCF	Cash Flow	₹85.47	11%	Over (-62%)
Net Asset Value	Assets	₹28.55	7%	Over (-87.3%)
EV/EBITDA	Enterprise	₹60.38	9%	Over (-73.2%)
Earnings Yield	Earnings	₹36.50	7%	Over (-83.8%)
ROCE Capital	Returns	₹36.44	7%	Over (-83.8%)
Revenue Multiple	Revenue	₹75.23	6%	Over (-66.6%)
Consensus (9 models)		₹93.61	100%	Overvalued

Key Drivers: EPS CAGR 29.0% lifts DCF — verify sustainability. | Wide model spread (₹15–₹243) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.0%

*Investments are subject to market risks

Analyst Summary

Marine Electricals (India) Ltd operates in the Electric Equipment - General segment, current market price is ₹225.00, market cap is 3,145 Cr.. At a glance, stock P/E is 62.5, ROE is 13.0 %, ROCE is 17.5 %, book value is 28.9, dividend yield is 0.13 %. The latest intrinsic value estimate is ₹93.61, around 58.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹701 Cr versus the prior period change of 31.3%, while latest net profit is about ₹41 Cr with a prior-period change of 46.4%. The 52-week range shown on this page is 258/151, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMarine Electricals (India) Ltd. is a Public Limited Listed company incorporated on 04/12/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Numbe…

This summary is generated from the stock page data available for Marine Electricals (India) Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Marine Electricals (India) Ltd scores 63/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health81/100 · Strong

ROCE 17.5% GoodROE 13.0% GoodD/E 0.29 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.21% (6mo) Slight increasePromoter holding at 68.2% Stable

Earnings Quality40/100 · Moderate

OPM stable around 9% SteadyWorking capital: 123 days Capital intensive

Quarterly Momentum68/100 · Strong

Revenue (4Q): +7% YoY GrowingProfit (4Q): +22% YoY Positive

Industry Rank60/100 · Moderate

P/E 62.5 vs industry 73.5 In-lineROCE 17.5% vs industry 16.5% Average3Y sales CAGR: 29% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:26 pm

Market Cap	3,145 Cr.
Current Price	225
Intrinsic Value	₹93.61
High / Low	258/151
Stock P/E	62.5
Book Value	28.9
Dividend Yield	0.13 %
ROCE	17.5 %
ROE	13.0 %
Face Value	2.00
PEG Ratio	2.15

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Marine Electricals (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Marine Electricals (India) Ltd	3,145 Cr.	225	258/151	62.5	28.9	0.13 %	17.5 %	13.0 %	2.00
Kernex Microsystems (India) Ltd	2,178 Cr.	1,296	1,434/672	41.4	103	0.00 %	23.8 %	38.0 %	10.0
Servotech Power Systems Ltd	2,038 Cr.	90.2	168/57.5	63.0	10.7	0.06 %	20.8 %	19.0 %	1.00
Spectrum Electrical Industries Ltd	1,781 Cr.	1,134	1,900/958	48.6	137	0.00 %	15.7 %	13.7 %	10.0
Modern Insulators Ltd	1,567 Cr.	332	338/84.7	23.4	106	0.00 %	8.98 %	7.36 %	10.0
Industry Average	14,781.87 Cr	607.64		73.49	98.00	0.28%	16.47%	16.01%	6.47

All Competitor Stocks of Marine Electricals (India) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	116	130	86	121	124	202	125	165	185	225	147	173	182
Expenses	102	119	77	113	115	182	112	150	170	206	133	152	165
Operating Profit	14	11	9	9	9	20	13	16	15	19	14	22	17
OPM %	12%	9%	10%	7%	8%	10%	10%	10%	8%	8%	10%	12%	9%
Other Income	0	1	1	2	2	3	3	2	5	4	5	5	4
Interest	2	2	2	2	3	3	3	3	3	3	3	3	4
Depreciation	2	2	1	2	2	2	2	3	3	3	2	2	3
Profit before tax	11	9	6	7	7	18	11	13	13	17	14	20	15
Tax %	21%	30%	27%	27%	22%	25%	24%	24%	23%	24%	24%	24%	23%
Net Profit	8	6	5	5	5	13	8	10	10	13	11	15	11
EPS in Rs	0.68	0.49	0.38	0.39	0.40	1.02	0.62	0.70	0.74	0.93	0.79	1.11	0.82

Last Updated: March 3, 2026, 10:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 12:16 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	727
Expenses	70	87	175	189	263	305	189	177	296	356	486	638	655
Operating Profit	8	11	18	21	25	18	17	23	27	35	47	62	72
OPM %	10%	11%	9%	10%	9%	6%	8%	11%	8%	9%	9%	9%	10%
Other Income	0	0	2	2	2	3	6	4	5	6	8	14	18
Interest	2	3	3	4	5	6	9	8	6	9	10	12	13
Depreciation	1	1	5	4	4	3	8	8	8	6	7	11	11
Profit before tax	5	7	13	15	18	11	6	11	18	26	38	54	66
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	50
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	3.65
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	31%	0%	0%	9%	10%

Profit & Loss Yearly Chart

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: December 4, 2025, 1:37 am

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	Sep 2025
Equity Capital	17	17	17	17	18	25	25	25	25	25	27	28	28
Reserves	8	13	33	42	57	100	101	109	120	155	196	349	371
Borrowings	19	19	28	31	33	43	39	48	29	55	76	34	32
Other Liabilities	36	39	45	67	168	114	129	116	106	138	220	223	213
Total Liabilities	80	89	124	157	277	280	294	298	280	372	519	635	644
Fixed Assets	32	31	37	42	26	31	46	39	38	39	46	48	56
CWIP	0	0	0	0	14	14	0	0	2	0	6	13	9
Investments	6	6	7	7	7	12	11	11	9	26	36	39	42
Other Assets	43	51	79	108	230	223	238	247	230	307	432	534	538
Total Assets	80	89	124	157	277	280	294	298	280	372	519	635	644

Reserves and Borrowings Chart

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
Cash from Operating Activity +	0	0	1	9	31	-46	21	-3	38	-6	1	46
Cash from Investing Activity +	0	0	-8	-8	-21	-7	-0	-2	-11	-28	-24	-91
Cash from Financing Activity +	0	0	6	-3	2	44	-19	1	-27	33	24	54
Net Cash Flow	0	0	-1	-3	12	-10	2	-4	-1	-0	1	9
Free Cash Flow	0	0	-8	1	26	-57	21	-4	31	-25	-16	30
CFO/OP	0%	0%	30%	70%	149%	-218%	139%	-3%	161%	1%	19%	98%

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.

Free Cash Flow Chart

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Feb 2026
Promoters	74.46%	73.84%	72.87%	71.98%	71.17%	71.17%	68.45%	68.45%	68.45%	68.46%	68.54%	68.20%
FIIs	0.00%	0.00%	0.00%	0.02%	0.15%	0.25%	0.96%	0.15%	0.08%	0.18%	0.65%	0.29%
DIIs	0.00%	0.00%	0.00%	0.00%	0.11%	0.08%	0.04%	0.04%	0.07%	0.12%	0.12%	0.33%
Public	25.54%	26.16%	27.12%	27.99%	28.56%	28.50%	30.56%	31.35%	31.40%	31.24%	30.69%	31.19%
No. of Shareholders	52,441	51,594	49,305	50,304	55,983	83,799	89,628	93,629	96,332	94,688	89,679	89,182

Shareholding Pattern Chart

No. of Shareholders

Marine Electricals (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	2.83	2.02	1.38	1.06	1.05
Diluted EPS (Rs.)	2.81	2.02	1.36	1.06	1.05
Cash EPS (Rs.)	3.89	2.71	1.97	1.85	1.85
Book Value[Excl.RevalReserv]/Share (Rs.)	29.27	18.90	17.00	14.80	13.86
Book Value[Incl.RevalReserv]/Share (Rs.)	29.27	18.90	17.00	14.80	13.86
Revenue From Operations / Share (Rs.)	55.61	46.89	35.06	30.68	20.49
PBDIT / Share (Rs.)	5.95	4.44	3.41	2.94	2.85
PBIT / Share (Rs.)	4.82	3.66	2.77	2.18	2.11
PBT / Share (Rs.)	3.80	2.73	1.98	1.59	1.38
Net Profit / Share (Rs.)	2.76	1.93	1.33	1.08	1.10
NP After MI And SOA / Share (Rs.)	2.79	1.95	1.35	1.06	1.05
PBDIT Margin (%)	10.69	9.47	9.73	9.59	13.91
PBIT Margin (%)	8.66	7.80	7.90	7.10	10.28
PBT Margin (%)	6.82	5.81	5.66	5.17	6.73
Net Profit Margin (%)	4.96	4.11	3.79	3.53	5.38
NP After MI And SOA Margin (%)	5.01	4.16	3.83	3.44	5.13
Return on Networth / Equity (%)	9.51	10.33	8.15	7.43	7.91
Return on Capital Employeed (%)	15.15	16.86	14.47	14.11	14.18
Return On Assets (%)	5.30	4.20	3.64	3.47	3.36
Long Term Debt / Equity (X)	0.05	0.10	0.10	0.02	0.05
Total Debt / Equity (X)	0.12	0.38	0.31	0.20	0.29
Asset Turnover Ratio (%)	1.14	1.15	1.06	0.97	0.58
Current Ratio (X)	2.14	1.48	1.60	1.65	1.61
Quick Ratio (X)	1.86	1.20	1.32	1.22	1.21
Inventory Turnover Ratio (X)	8.96	7.97	4.39	3.60	2.16
Dividend Payout Ratio (NP) (%)	6.90	0.00	0.00	18.90	0.00
Dividend Payout Ratio (CP) (%)	4.91	0.00	0.00	10.98	0.00
Earning Retention Ratio (%)	93.10	0.00	0.00	81.10	0.00
Cash Earning Retention Ratio (%)	95.09	0.00	0.00	89.02	0.00
Interest Coverage Ratio (X)	5.83	4.76	4.33	4.96	3.92
Interest Coverage Ratio (Post Tax) (X)	3.71	3.07	2.69	2.83	2.52
Enterprise Value (Cr.)	2164.14	1273.74	505.03	411.73	849.37
EV / Net Operating Revenue (X)	2.82	2.05	1.14	1.09	3.38
EV / EBITDA (X)	26.38	21.62	11.72	11.41	24.30
MarketCap / Net Operating Revenue (X)	2.82	1.92	1.02	1.01	3.21
Retention Ratios (%)	93.09	0.00	0.00	81.09	0.00
Price / BV (X)	5.36	4.77	2.17	2.17	4.95
Price / Net Operating Revenue (X)	2.82	1.92	1.02	1.01	3.21
EarningsYield	0.01	0.02	0.03	0.03	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Marine Electricals (India) Ltd. is a Public Limited Listed company incorporated on 04/12/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L31907MH2007PLC176443 and registration number is 176443. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company's Total Operating Revenue is Rs. 700.58 Cr. and Equity Capital is Rs. 27.59 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Electric Equipment - General	No: B/1, Udyog Sadan No.3, Mumbai Maharashtra 400093	Contact not found

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 and is it undervalued?

As of 26 April 2026, Marine Electricals (India) Ltd's intrinsic value is ₹93.61, which is 58.40% lower than the current market price of ₹225.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.0 %), book value (₹28.9), dividend yield (0.13 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Marine Electricals (India) Ltd?

Marine Electricals (India) Ltd is trading at ₹225.00 as of 26 April 2026, with a FY2026-2027 high of ₹258 and low of ₹151. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,145 Cr..

How does Marine Electricals (India) Ltd's P/E ratio compare to its industry?

Marine Electricals (India) Ltd has a P/E ratio of 62.5, which is below the industry average of 73.49. This is broadly in line with or below the industry average.

Is Marine Electricals (India) Ltd financially healthy?

Key indicators for Marine Electricals (India) Ltd: ROCE of 17.5 % indicates efficient capital utilization. Dividend yield is 0.13 %.

Is Marine Electricals (India) Ltd profitable and how is the profit trend?

Marine Electricals (India) Ltd reported a net profit of ₹41 Cr in Mar 2025 on revenue of ₹701 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows an improving trend.

Does Marine Electricals (India) Ltd pay dividends?

Marine Electricals (India) Ltd has a dividend yield of 0.13 % at the current price of ₹225.00. The company pays dividends, though the yield is modest.