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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Marine Electricals (India) Ltd

About the Company - Marine Electricals (India) Ltd

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. 322.89 Cr. and Equity Capital is Rs. 24.53 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralNo: B/1, Udyog Sadan No.3, Mumbai Maharashtra 400093cs@marineelectricals.com
https://www.marineelectricals.com
Management
NamePosition Held
Mr. Vinay Krishna UchilChairman & Executive Director
Mr. Venkatesh Krishnappa UchilManaging Director
Mr. Shailendra ShuklaExecutive Director
Mr. Madan PendseInd. Non-Executive Director
Mr. Nikunj MishraInd. Non-Executive Director
Mr. Vikas JaywantInd. Non-Executive Director
Mr. Mohan RaoInd. Non-Executive Director
Ms. Archana Venkata RajagopalanInd. Non-Executive Director
Dr. Tanuja PudhierkarNon Exe.Non Ind.Director

Basic Stock Data of Marine Electricals (India) Ltd

Last Updated: June 19, 2024, 2:33 pm

Market Cap 2,151 Cr.
Current Price 162
High / Low162/48.0
Stock P/E75.9
Book Value 16.8
Dividend Yield0.00 %
ROCE18.1 %
ROE14.1 %
Face Value 2.00
PEG Ratio2.26

Competitors of Marine Electricals (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Swelect Energy Systems Ltd 1,979 Cr. 1,3051,526/31481.6 5540.24 %5.66 %2.98 % 10.0
Artemis Electricals & Projects Ltd 826 Cr. 32.972.4/12.866.0 3.080.00 %9.26 %8.93 % 1.00
Surana Solar Ltd 188 Cr. 38.248.0/19.6 11.40.00 %1.44 %2.22 % 5.00
Godha Cabcon and Insulation Ltd 55.3 Cr. 0.831.30/0.45108 1.030.00 %3.12 %1.11 % 1.00
Kirloskar Electric Company Ltd 1,302 Cr. 196238/96.492.4 12.40.00 %18.3 %16.2 % 10.0
Industry Average16,986.52 Cr828.02108.0677.610.07%14.73%17.51%5.55

Marine Electricals (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales54.8167.0055.3092.5598.6676.3865.1580.04116.40129.6886.08121.41124.31
Expenses49.4057.9052.7487.2690.0966.6061.6773.59102.50118.5377.22112.72114.83
Operating Profit5.419.102.565.298.579.783.486.4513.9011.158.868.699.48
OPM %9.87%13.58%4.63%5.72%8.69%12.80%5.34%8.06%11.94%8.60%10.29%7.16%7.63%
Other Income0.941.251.002.251.350.902.162.160.331.481.181.841.73
Interest1.962.231.581.561.581.741.762.442.182.242.262.232.95
Depreciation1.891.921.751.942.011.901.511.581.521.511.311.561.63
Profit before tax2.506.200.234.046.337.042.374.5910.538.886.476.746.63
Tax %29.60%26.61%78.26%21.29%30.49%31.11%27.43%28.76%21.27%29.84%26.58%26.56%22.17%
Net Profit1.774.550.053.184.404.841.723.278.286.234.764.955.16
EPS in Rs0.140.370.000.260.360.390.140.270.680.490.380.390.40

Last Updated: June 6, 2024, 8:54 am

Marine Electricals (India) Ltd Quarterly Chart

Marine Electricals (India) Ltd Profit & Loss

Last Updated: May 27, 2024, 5:43 am

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales637898193209288323206200323391461
Expenses547087175189263305189177296356423
Operating Profit9811182125181723273538
OPM %15%10%11%9%10%9%6%8%11%8%9%8%
Other Income000222364566
Interest2233456986910
Depreciation111544388866
Profit before tax75713151811611182629
Tax %33%4%31%37%42%34%29%21%28%29%26%
Net Profit4558912858122021
EPS in Rs2.020.540.550.921.001.300.630.390.641.021.541.66
Dividend Payout %0%0%0%0%0%0%0%0%31%0%0%

Marine Electricals (India) Ltd Profit & Loss Yearly Chart

Marine Electricals (India) Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:39%
TTM:36%
Compounded Profit Growth
10 Years:%
5 Years:30%
3 Years:55%
TTM:60%
Stock Price CAGR
10 Years:%
5 Years:48%
3 Years:32%
1 Year:188%
Return on Equity
10 Years:%
5 Years:9%
3 Years:12%
Last Year:14%

Last Updated: June 17, 2024, 11:25 am

Marine Electricals (India) Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital41717171718252525252526
Reserves17813334257100101109120155170
Borrowings111919283133433948295560
Other Liabilities3236394567168114129116106138180
Total Liabilities638089124157277280294298280372435
Fixed Assets323231374226314639383942
CWIP00000141400200
Investments06677712111192628
Other Assets31435179108230223238247230307365
Total Assets638089124157277280294298280372435

Marine Electricals (India) Ltd Reserves and Borrowings Chart

Marine Electricals (India) Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0001931-4621-338-6
Cash from Investing Activity 000-8-8-21-7-0-2-11-28
Cash from Financing Activity 0006-3244-191-2733
Net Cash Flow000-1-312-102-4-1-0

Marine Electricals (India) Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days12111895110136186155215232135163
Inventory Days164342451361508455
Days Payable89128207131272232119130
Cash Conversion Cycle12111895385121697915010088
Working Capital Days03224235736102152210117113
ROCE %18%20%22%23%12%9%10%13%16%

Marine Electricals (India) Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Marine Electricals (India) Ltd ROCE Trend

Marine Electricals (India) Ltd EPS Trend

Marine Electricals (India) Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.0010.00
Basic EPS (Rs.)2.021.381.061.053.69
Diluted EPS (Rs.)2.021.361.061.053.69
Cash EPS (Rs.)2.711.971.851.856.54
Book Value[Excl.RevalReserv]/Share (Rs.)19.2617.0014.8013.8665.97
Book Value[Incl.RevalReserv]/Share (Rs.)19.2617.0014.8013.8665.97
Revenue From Operations / Share (Rs.)46.8935.0630.6820.49117.68
PBDIT / Share (Rs.)4.443.412.942.8511.56
PBIT / Share (Rs.)3.662.772.182.118.74
PBT / Share (Rs.)2.731.981.591.384.63
Net Profit / Share (Rs.)1.931.331.081.103.72
NP After MI And SOA / Share (Rs.)1.951.351.061.053.69
PBDIT Margin (%)9.479.739.5913.919.82
PBIT Margin (%)7.807.907.1010.287.42
PBT Margin (%)5.815.665.176.733.93
Net Profit Margin (%)4.113.793.535.383.15
NP After MI And SOA Margin (%)4.163.833.445.133.13
Return on Networth / Equity (%)10.338.157.437.915.79
Return on Capital Employeed (%)16.8614.4714.1114.1812.37
Return On Assets (%)4.203.643.473.362.37
Long Term Debt / Equity (X)0.100.100.020.050.05
Total Debt / Equity (X)0.380.310.200.290.29
Asset Turnover Ratio (%)1.151.060.970.580.62
Current Ratio (X)1.481.601.651.611.52
Quick Ratio (X)1.201.321.221.211.16
Inventory Turnover Ratio (X)6.364.393.602.163.02
Dividend Payout Ratio (NP) (%)0.000.0018.900.000.00
Dividend Payout Ratio (CP) (%)0.000.0010.980.000.00
Earning Retention Ratio (%)0.000.0081.100.000.00
Cash Earning Retention Ratio (%)0.000.0089.020.000.00
Interest Coverage Ratio (X)4.764.334.963.922.81
Interest Coverage Ratio (Post Tax) (X)3.072.692.832.521.90
Enterprise Value (Cr.)1273.74505.03411.73849.37258.65
EV / Net Operating Revenue (X)2.051.141.093.380.89
EV / EBITDA (X)21.6211.7211.4124.309.12
MarketCap / Net Operating Revenue (X)1.921.021.013.210.76
Retention Ratios (%)0.000.0081.090.000.00
Price / BV (X)4.772.172.174.951.42
Price / Net Operating Revenue (X)1.921.021.013.210.76
EarningsYield0.020.030.030.010.04

Marine Electricals (India) Ltd Profitability Ratios (%)

Marine Electricals (India) Ltd Liquidity Ratios

Marine Electricals (India) Ltd Liquidity Ratios (%)

Marine Electricals (India) Ltd Interest Coverage Ratios (%)

Marine Electricals (India) Ltd Valuation Ratios

Fair Value

Fair Value: 183.39

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 13.20% compared to the current price 162

Intrinsic Value: 245.01

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 51.24% compared to the current price ₹162

Last 5 Year EPS CAGR: 33.60%

*Investments are subject to market risks

Strength and Weakness of Marine Electricals (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (77.08 cr) compared to borrowings (34.58 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (236.08 cr) and profit (13.83 cr) over the years.
  1. The stock has a low average ROCE of 13.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 78.73, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 84.55, which may not be favorable.

FAQ

What is the latest fair value of Marine Electricals (India) Ltd?

The latest fair value of Marine Electricals (India) Ltd is ₹183.39.

What is the Market Cap of Marine Electricals (India) Ltd?

The Market Cap of Marine Electricals (India) Ltd is 2,151 Cr..

What is the current Stock Price of Marine Electricals (India) Ltd as on 19 June 2024?

The current stock price of Marine Electricals (India) Ltd as on 19 June 2024 is ₹162.

What is the High / Low of Marine Electricals (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Marine Electricals (India) Ltd stocks is 162/48.0.

What is the Stock P/E of Marine Electricals (India) Ltd?

The Stock P/E of Marine Electricals (India) Ltd is 75.9.

What is the Book Value of Marine Electricals (India) Ltd?

The Book Value of Marine Electricals (India) Ltd is 16.8.

What is the Dividend Yield of Marine Electricals (India) Ltd?

The Dividend Yield of Marine Electricals (India) Ltd is 0.00 %.

What is the ROCE of Marine Electricals (India) Ltd?

The ROCE of Marine Electricals (India) Ltd is 18.1 %.

What is the ROE of Marine Electricals (India) Ltd?

The ROE of Marine Electricals (India) Ltd is 14.1 %.

What is the Face Value of Marine Electricals (India) Ltd?

The Face Value of Marine Electricals (India) Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Marine Electricals (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE