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Marine Electricals (India)

MARINE NSE
₹446.25 No trade today
P/E
97.01
View as Markdown
MCP
Close 4 Nov 2026 ₹446.25 +217.45 +95.0% 1Y
Start ₹228.80

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
18.00%
Debt to Equity
0.18
EPS (TTM)
₹4.60
Book Value
₹34.98
Market Cap
—
P/E (TTM)
97.01
P/B
12.76
ROE
13.10%
Dividend Yield
0.07%
EBITDA
₹111 Cr
52W High
₹490.85
52W Low
₹150.86
Volume
0

Peer Comparison

Industrials › Capital Goods › Industrial Products

Marine Electricals peer comparison
Indo-MIM
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
Jyoti CNC Automation
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
Kaynes Technology India
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
LMW
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
Marine Electricals (this company)
₹446.2597.01₹6,004 Cr12.760.07%13.10%18.00%₹969 Cr₹66 Cr
Median 8 companies₹2,421.3088.10₹24,483 Cr10.300.09%13.55%17.50%₹3,690 Cr₹373 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

Category scores

Quality
28
Poor
Returns, margins, earnings quality 22% weight
Valuation
21
Poor
Cheap vs sector & own history 24% weight
Growth
60
Good
Sales & profit trajectory 9% weight
Financial Health
54
Average
Solvency, leverage, coverage 9% weight
Momentum
96
Strong
Trend strength, vol-adjusted 12% weight
Ownership
59
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 35.5% CAGR over last 5 years

Weaknesses

4
  • Stock is trading at 13.2 times its book value
  • Company has a low return on equity of 12.1% over last 3 years.
  • Company has high debtors of 178 days.
  • Promoter holding has decreased over last 3 years: -5.64%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2611
OscillatorsBearish261
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
56.69
Neutral
MACD (12,26,9)
−0.90
Bearish
SMA (50)
420.48
Bullish
SMA (200)
278.49
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.37%
5Y+28.43%
3Y+25.56%
1Y+14.34%
TTM+21.61%

Net profit

Net profit growth by window
10Y+20.69%
5Y+33.34%
3Y+51.40%
1Y+55.26%
TTM+50.00%

Operating cash flow

Operating cash flow growth by window
10Y—
5YTurned negative
3YOutflow widened by ₹14 Cr
1YTurned negative
TTM—

10Y: The statements do not go back far enough for this window.

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.32 pp
5Y−0.04 pp
3Y+1.92 pp
1Y+1.72 pp
TTM+2.03 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹272 Cr
Mar 2018₹369 Cr
Mar 2019₹400 Cr
Mar 2020₹263 Cr
Mar 2021₹251 Cr
Mar 2022₹376 Cr
Mar 2023₹443 Cr
Mar 2024₹622 Cr
Mar 2025₹767 Cr
Mar 2026₹877 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹11.00 Cr
Mar 2018₹16.00 Cr
Mar 2019₹9.00 Cr
Mar 2020₹6.00 Cr
Mar 2021₹14.00 Cr
Mar 2022₹13.00 Cr
Mar 2023₹17.00 Cr
Mar 2024₹26.00 Cr
Mar 2025₹38.00 Cr
Mar 2026₹59.00 Cr

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹202.00 −53.0% vs Sep 26
Reported High Mean Low

Quarterly Results

₹ Cr
MARINE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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

₹ Cr
MARINE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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%
7%
—

Balance Sheet

₹ Cr
MARINE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
93
CWIP
0
0
0
14
14
0
0
2
0
6
16
19
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

₹ Cr
MARINE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

MARINE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Marine Electricals insights

58 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.19%
  • Public 25.61%
  • Others 6.03%
  • FIIs 2.08%
  • DIIs 1.09%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

  • Concall · Oct 2025
    PPT
  • Concall · May 2024
    PPT
  • Q4 FY22 concall · Jun 2022
    PPT
  • Q1 FY22 concall · Aug 2021
    PPT
  • Concall · Jun 2021
    PPT

Frequently Asked Questions about Marine Electricals (India)

What does Marine Electricals (India) Ltd do?
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.
Where is Marine Electricals (India) Ltd (MARINE) listed?
Marine Electricals (India) Ltd trades as MARINE on the NSE.
Which sector does Marine Electricals (India) Ltd belong to?
Marine Electricals (India) Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of Marine Electricals (India) Ltd?
Marine Electricals (India) Ltd trades at a PE ratio of 97.01 as of 4 Nov 2026, on earnings per share of ₹4.6, against a book value of ₹34.98 per share.
What is the 52-week high and low of Marine Electricals (India) Ltd?
Over the last 52 weeks Marine Electricals (India) Ltd has traded between ₹150.86 and ₹490.85 as of 4 Nov 2026.
Does Marine Electricals (India) Ltd pay dividends?
Marine Electricals (India) Ltd has a dividend yield of 0.07%.
What is the Return on Equity (ROE) of Marine Electricals (India) Ltd?
Marine Electricals (India) Ltd reported a return on equity of 13.10%. Its debt-to-equity ratio is 0.18.

Company Information

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.

Website marineelectricals.com
Listed 2 Dec 2020
Face Value ₹2

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