Marine Electricals
Marine Electricals
Capital GoodsKey Fundamentals
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Key Insights
Strengths
1- Company has delivered good profit growth of 35.8% CAGR over last 5 years
Weaknesses
4- Stock is trading at 11.9 times its book value
- Company has a low return on equity of 12.2% over last 3 years.
- Company has high debtors of 178 days.
- Promoter holding has decreased over last 3 years: -6.26%
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 101 | 137 | 147 | 237 | 138 | 184 | 194 | 251 | 167 | 222 | 210 | 277 | 259 |
| Expenses | 91 | 127 | 135 | 217 | 125 | 163 | 182 | 228 | 150 | 196 | 190 | 246 | 231 |
| Operating Profit | 10 | 10 | 11 | 20 | 13 | 21 | 11 | 22 | 17 | 26 | 20 | 32 | 28 |
| OPM % | 10% | 7% | 8% | 9% | 10% | 12% | 6% | 9% | 10% | 12% | 10% | 11% | 11% |
| Other Income | 1 | 2 | 1 | 4 | 3 | 2 | 4 | 4 | 5 | 4 | 4 | 2 | 4 |
| Interest | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 8 | 4 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 5 |
| PBT | 6 | 7 | 7 | 17 | 10 | 16 | 8 | 18 | 15 | 22 | 16 | 22 | 24 |
| Tax % | 37% | 30% | 23% | 28% | 27% | 21% | 40% | 27% | 25% | 26% | 24% | 17% | 26% |
| Net Profit | 4 | 5 | 5 | 12 | 7 | 13 | 5 | 14 | 12 | 17 | 12 | 19 | 18 |
| EPS in Rs | 0.28 | 0.37 | 0.38 | 0.96 | 0.54 | 0.92 | 0.38 | 0.97 | 0.84 | 1.2 | 0.85 | 1.32 | 1.23 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 236 | 250 | 272 | 369 | 400 | 263 | 251 | 376 | 443 | 622 | 767 | 877 | 969 |
| Expenses | 216 | 229 | 246 | 337 | 378 | 240 | 224 | 344 | 404 | 570 | 698 | 782 | 863 |
| Operating Profit | 20 | 21 | 26 | 31 | 22 | 22 | 27 | 32 | 39 | 52 | 69 | 94 | 106 |
| OPM % | 8% | 8% | 9% | 9% | 6% | 9% | 11% | 9% | 9% | 8% | 9% | 11% | 11% |
| Other Income | 3 | 2 | 2 | 3 | 4 | 6 | 8 | 4 | 5 | 7 | 13 | 15 | 14 |
| Interest | 5 | 3 | 5 | 7 | 8 | 11 | 9 | 7 | 10 | 12 | 14 | 19 | 20 |
| Depreciation | 6 | 5 | 5 | 5 | 5 | 10 | 9 | 9 | 8 | 10 | 16 | 15 | 16 |
| PBT | 12 | 14 | 18 | 23 | 13 | 8 | 17 | 19 | 25 | 36 | 52 | 76 | 84 |
| Tax % | 29% | 34% | 38% | 28% | 29% | 24% | 20% | 32% | 33% | 29% | 27% | 23% | — |
| Net Profit | 9 | 9 | 11 | 16 | 9 | 6 | 14 | 13 | 17 | 26 | 38 | 59 | 65 |
| EPS in Rs | 0.92 | 1.07 | 1.19 | 1.75 | 0.75 | 0.46 | 1.05 | 1.06 | 1.35 | 1.95 | 2.79 | 4.17 | 4.6 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 19% | 0% | 0% | 10% | 11% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 18 | 25 | 25 | 25 | 25 | 25 | 27 | 28 | 28 |
| Reserves | 36 | 46 | 58 | 78 | 130 | 126 | 138 | 150 | 183 | 224 | 376 | 465 |
| Borrowings | 24 | 32 | 40 | 46 | 57 | 56 | 58 | 37 | 66 | 97 | 55 | 89 |
| Other Liabilities | 66 | 54 | 112 | 212 | 162 | 176 | 162 | 162 | 192 | 268 | 266 | 309 |
| Total Liabilities | 143 | 149 | 227 | 354 | 373 | 383 | 383 | 373 | 466 | 616 | 725 | 890 |
| Fixed Assets | 40 | 43 | 56 | 39 | 43 | 53 | 48 | 49 | 66 | 75 | 75 | 99 |
| CWIP | 0 | 0 | 0 | 14 | 14 | 0 | 0 | 2 | 0 | 6 | 16 | 14 |
| Investments | 0 | 0 | 0 | 3 | 3 | 5 | 3 | 3 | 3 | 6 | 6 | 3 |
| Other Assets | 104 | 106 | 171 | 297 | 313 | 325 | 331 | 319 | 396 | 529 | 627 | 775 |
| Total Assets | 143 | 149 | 227 | 354 | 373 | 383 | 383 | 373 | 466 | 616 | 725 | 890 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | 13 | 31 | -53 | 23 | 2 | 47 | -2 | -7 | 55 | -16 |
| Investing | — | — | -16 | -23 | 1 | -1 | 1 | -19 | -28 | -21 | -95 | -17 |
| Financing | — | — | 2 | 3 | 44 | -19 | -7 | -31 | 31 | 32 | 52 | 37 |
| Net Cash Flow | — | — | -1 | 11 | -9 | 3 | -3 | -3 | 1 | 4 | 12 | 4 |
| Free Cash Flow | — | — | -5 | 24 | -61 | 23 | -2 | 37 | -24 | -32 | 35 | -43 |
| CFO/OP | — | — | 74 | 118 | -205 | 111 | 18 | 167 | 13 | 4 | 106 | 6 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 104 | 148 | 182 | 174 | 235 | 252 | 167 | 186 | 186 | 157 | 178 |
| Inventory Days | 47 | 29 | 73 | 61 | 64 | 146 | 166 | 102 | 71 | 72 | 52 | 50 |
| Days Payable | 94 | 78 | 168 | 209 | 154 | 292 | 267 | 159 | 161 | 167 | 129 | 135 |
| Cash Conversion Cycle | 43 | 55 | 52 | 33 | 84 | 90 | 152 | 110 | 96 | 91 | 80 | 93 |
| Working Capital Days | 49 | 67 | 76 | 16 | 87 | 121 | 157 | 108 | 95 | 79 | 129 | 104 |
| ROCE % | 23% | 20% | 21% | 22% | 12% | 9% | 12% | 12% | 14% | 15% | 16% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Marine Electricals
What does Marine Electricals (India) Ltd do?
Where is Marine Electricals (India) Ltd (MARINE) listed?
Which sector does Marine Electricals (India) Ltd belong to?
What is the market capitalisation of Marine Electricals (India) Ltd?
What is the PE ratio of Marine Electricals (India) Ltd?
What is the 52-week high and low of Marine Electricals (India) Ltd?
Does Marine Electricals (India) Ltd pay dividends?
What is the Return on Equity (ROE) of Marine Electricals (India) Ltd?
Company Information
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. [1]
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