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Marine Electricals (India) Ltd manufactures and sells diverse marine and commercial electric and electronic components in India and the world over. It offers power generation and distribution, navigation and communication, electric propulsion, incorporated platform management, IT, engineering and undertaking management, and various device solutions for the marine region. The corporation also offers services, inclusive of repairs, corrective and preventive renovation, enhancements, and existence extensions and components on electric energy gener...Read More
Marine Electricals (India) Ltd manufactures and sells diverse marine and commercial electric and electronic components in India and the world over. It offers power generation and distribution, navigation and communication, electric propulsion, incorporated platform management, IT, engineering and undertaking management, and various device solutions for the marine region. The corporation also offers services, inclusive of repairs, corrective and preventive renovation, enhancements, and existence extensions and components on electric energy generation, electricity distribution, automation and electricity control systems, navigation and verbal exchange systems, and different electrical and digital systems, as well as designing and fabricating offerings for electrical and digital installation. In addition, it undertakes annual renovation contracts and solar initiatives. The company was founded in 1978 and is centred in Mumbai, India. Marine Electricals (India) Ltd is a subsidiary of KDU Enterprises Private Ltd. ...Read Less
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Market Cap ₹3209 Cr.
Stock P/E 84.2
P/B 6.6
Current Price ₹229.3
Book Value ₹ 34.5
Face Value 2
52W High ₹258
Dividend Yield 0.13%
52W Low ₹ 150.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 137 | 147 | 237 | 138 | 184 | 194 | 251 | 167 | 222 | 210 |
| Other Income | 2 | 1 | 4 | 3 | 2 | 4 | 4 | 5 | 4 | 4 |
| Total Income | 139 | 148 | 241 | 142 | 186 | 198 | 255 | 172 | 226 | 214 |
| Total Expenditure | 127 | 135 | 217 | 125 | 163 | 182 | 228 | 150 | 196 | 190 |
| Operating Profit | 12 | 13 | 24 | 16 | 23 | 16 | 26 | 22 | 30 | 24 |
| Interest | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 4 | 4 |
| Depreciation | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 7 | 7 | 17 | 10 | 16 | 8 | 19 | 15 | 22 | 16 |
| Provision for Tax | 2 | 2 | 5 | 3 | 3 | 3 | 5 | 4 | 6 | 4 |
| Profit After Tax | 5 | 5 | 12 | 7 | 13 | 5 | 14 | 12 | 17 | 12 |
| Adjustments | -0 | -0 | 1 | 0 | 0 | 0 | -0 | 0 | -0 | -0 |
| Profit After Adjustments | 5 | 5 | 13 | 7 | 13 | 5 | 13 | 12 | 16 | 12 |
| Adjusted Earnings Per Share | 0.4 | 0.4 | 1 | 0.5 | 0.9 | 0.4 | 1 | 0.8 | 1.2 | 0.9 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 236 | 250 | 272 | 369 | 400 | 263 | 251 | 376 | 443 | 622 | 767 | 850 |
| Other Income | 3 | 2 | 2 | 3 | 4 | 6 | 8 | 5 | 5 | 7 | 13 | 17 |
| Total Income | 238 | 252 | 274 | 372 | 404 | 269 | 259 | 381 | 447 | 629 | 781 | 867 |
| Total Expenditure | 216 | 229 | 246 | 337 | 378 | 241 | 224 | 345 | 404 | 570 | 699 | 764 |
| Operating Profit | 23 | 23 | 28 | 34 | 26 | 28 | 35 | 36 | 43 | 59 | 82 | 102 |
| Interest | 5 | 3 | 5 | 7 | 8 | 11 | 9 | 7 | 10 | 12 | 14 | 14 |
| Depreciation | 6 | 5 | 5 | 5 | 5 | 10 | 9 | 9 | 8 | 10 | 16 | 15 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 12 | 14 | 18 | 23 | 13 | 8 | 17 | 19 | 25 | 36 | 52 | 72 |
| Provision for Tax | 4 | 5 | 7 | 6 | 4 | 2 | 3 | 6 | 8 | 11 | 14 | 19 |
| Profit After Tax | 9 | 9 | 11 | 16 | 9 | 6 | 14 | 13 | 17 | 26 | 38 | 55 |
| Adjustments | -1 | -0 | -1 | -0 | 0 | -0 | -1 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 8 | 9 | 11 | 16 | 9 | 6 | 13 | 13 | 17 | 26 | 38 | 53 |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0 | 0.8 | 0.5 | 1.1 | 1.1 | 1.3 | 2 | 2.8 | 3.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 23% | 27% | 24% | 13% |
| Operating Profit CAGR | 39% | 32% | 24% | 14% |
| PAT CAGR | 46% | 43% | 45% | 15% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 22% | 70% | 26% | NA% |
| ROE Average | 12% | 11% | 10% | 12% |
| ROCE Average | 17% | 16% | 14% | 16% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 53 | 63 | 75 | 96 | 155 | 150 | 163 | 175 | 208 | 251 | 404 |
| Minority's Interest | 1 | 1 | 5 | 7 | 6 | 6 | 7 | 7 | 6 | 5 | 4 |
| Borrowings | 9 | 9 | 7 | 3 | 13 | 8 | 9 | 4 | 22 | 27 | 21 |
| Other Non-Current Liabilities | 2 | 2 | 3 | 4 | 3 | 5 | 3 | 2 | 4 | 5 | 5 |
| Total Current Liabilities | 77 | 73 | 136 | 245 | 196 | 212 | 201 | 184 | 224 | 328 | 286 |
| Total Liabilities | 143 | 149 | 227 | 354 | 373 | 382 | 383 | 372 | 465 | 614 | 720 |
| Fixed Assets | 40 | 43 | 56 | 39 | 43 | 47 | 43 | 44 | 61 | 70 | 70 |
| Other Non-Current Assets | 3 | 3 | 7 | 29 | 22 | 21 | 17 | 25 | 45 | 59 | 37 |
| Total Current Assets | 100 | 103 | 165 | 285 | 309 | 314 | 323 | 304 | 359 | 486 | 612 |
| Total Assets | 143 | 149 | 227 | 354 | 373 | 382 | 383 | 372 | 465 | 614 | 720 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 21 | 7 | 7 | 3 | 15 | 5 | 8 | 4 | 1 | 3 | 7 |
| Cash Flow from Operating Activities | 1 | 3 | 16 | 31 | -53 | 23 | 2 | 47 | -3 | -7 | 55 |
| Cash Flow from Investing Activities | -8 | -8 | -18 | -23 | 1 | -1 | 1 | -18 | -27 | -21 | -95 |
| Cash Flow from Financing Activities | -7 | 5 | 2 | 3 | 44 | -19 | -7 | -31 | 31 | 32 | 52 |
| Net Cash Inflow / Outflow | -14 | -0 | -1 | 11 | -9 | 3 | -3 | -3 | 1 | 4 | 12 |
| Closing Cash & Cash Equivalent | 7 | 7 | 5 | 15 | 5 | 8 | 4 | 1 | 3 | 7 | 18 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 0 | 0 | 0.75 | 0.46 | 1.05 | 1.06 | 1.35 | 1.95 | 2.79 |
| CEPS(Rs) | 1.67 | 1.69 | 1.91 | 2.38 | 1.14 | 1.26 | 1.85 | 1.84 | 1.97 | 2.72 | 3.89 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0.2 | 0.3 |
| Book NAV/Share(Rs) | 0 | 0 | 0 | 0 | 12.6 | 12.23 | 13.29 | 14.23 | 16.13 | 18.9 | 28.52 |
| Core EBITDA Margin(%) | 8.39 | 8.25 | 9.56 | 8.53 | 5.54 | 8.49 | 10.84 | 8.3 | 8.71 | 8.32 | 8.94 |
| EBIT Margin(%) | 7.08 | 6.97 | 8.42 | 7.91 | 5.31 | 7.13 | 10.28 | 7.1 | 7.91 | 7.83 | 8.67 |
| Pre Tax Margin(%) | 5.11 | 5.68 | 6.59 | 6.15 | 3.22 | 2.93 | 6.73 | 5.17 | 5.66 | 5.84 | 6.83 |
| PAT Margin (%) | 3.61 | 3.74 | 4.13 | 4.41 | 2.29 | 2.24 | 5.39 | 3.53 | 3.79 | 4.14 | 4.97 |
| Cash Profit Margin (%) | 6.1 | 5.8 | 6.03 | 5.83 | 3.5 | 5.9 | 9.01 | 6.01 | 5.62 | 5.81 | 7 |
| ROA(%) | 6.44 | 6.4 | 5.96 | 5.6 | 2.52 | 1.56 | 3.54 | 3.52 | 4.01 | 4.77 | 5.71 |
| ROE(%) | 17.24 | 16.01 | 16.18 | 19.04 | 7.32 | 3.87 | 8.65 | 7.87 | 8.88 | 11.34 | 11.83 |
| ROCE(%) | 22.61 | 20.18 | 21.72 | 22.74 | 12.05 | 9.12 | 12.37 | 12.5 | 14.49 | 15.72 | 16.63 |
| Receivable days | 73.38 | 95.25 | 121.9 | 145.5 | 170.83 | 249.59 | 248.96 | 167.59 | 164.13 | 159.32 | 154.13 |
| Inventory Days | 26.11 | 25.32 | 32.65 | 41.09 | 47.22 | 90.69 | 111.82 | 76.78 | 58.89 | 45.78 | 40.72 |
| Payable days | 79.39 | 86.4 | 120.57 | 156.95 | 171.36 | 275.56 | 289.76 | 161.17 | 148.73 | 139.75 | 134.69 |
| PER(x) | 0 | 0 | 0 | 0 | 28.22 | 39.35 | 62.58 | 29.16 | 26.64 | 46.2 | 56.35 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 1.68 | 1.47 | 4.95 | 2.17 | 2.22 | 4.77 | 5.5 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0.22 | 0.19 |
| EV/Net Sales(x) | 0.15 | 0.17 | 0.19 | 0.11 | 0.75 | 0.98 | 3.37 | 1.08 | 1.13 | 2.04 | 2.82 |
| EV/Core EBITDA(x) | 1.53 | 1.88 | 1.86 | 1.14 | 11.5 | 9.04 | 24.26 | 11.21 | 11.57 | 21.54 | 26.33 |
| Net Sales Growth(%) | 10.96 | 6.01 | 8.73 | 35.8 | 8.42 | -34.24 | -4.43 | 49.76 | 17.68 | 40.48 | 23.3 |
| EBIT Growth(%) | -18.6 | 4.36 | 31.38 | 27.64 | -27.27 | -11.67 | 37.8 | 3.41 | 31.03 | 39.08 | 36.53 |
| PAT Growth(%) | -40.17 | 9.97 | 19.95 | 44.98 | -43.72 | -35.69 | 129.92 | -1.87 | 26.53 | 53.35 | 47.93 |
| EPS Growth(%) | 0 | 0 | 0 | 0 | -57.01 | -39.08 | 129.71 | 0.62 | 27.19 | 45.09 | 42.72 |
| Debt/Equity(x) | 0.45 | 0.5 | 0.54 | 0.48 | 0.37 | 0.33 | 0.33 | 0.2 | 0.32 | 0.38 | 0.13 |
| Current Ratio(x) | 1.3 | 1.41 | 1.21 | 1.16 | 1.57 | 1.48 | 1.61 | 1.65 | 1.6 | 1.48 | 2.14 |
| Quick Ratio(x) | 1.02 | 1.23 | 0.95 | 0.97 | 1.29 | 1.13 | 1.21 | 1.22 | 1.32 | 1.2 | 1.86 |
| Interest Cover(x) | 3.59 | 5.43 | 4.61 | 4.48 | 2.54 | 1.7 | 2.89 | 3.67 | 3.52 | 3.93 | 4.72 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.22 | 0.23 | 0.07 | 0.09 | 0.14 | 0.08 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.87 | 71.98 | 71.17 | 71.17 | 68.45 | 68.45 | 68.45 | 68.46 | 68.54 | 68.2 |
| FII | 0 | 0.02 | 0.15 | 0.25 | 0.96 | 0.15 | 0.08 | 0.18 | 0.65 | 0.59 |
| DII | 0 | 0 | 0.11 | 0.08 | 0.04 | 0.04 | 0.07 | 0.12 | 0.12 | 0.34 |
| Public | 27.12 | 27.99 | 28.56 | 28.5 | 30.56 | 31.35 | 31.4 | 31.24 | 30.69 | 30.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 9.44 | 9.44 | 9.44 | 9.44 | 9.44 | 9.44 | 9.44 | 9.44 | 9.48 | 9.54 |
| FII | 0 | 0 | 0.02 | 0.03 | 0.13 | 0.02 | 0.01 | 0.02 | 0.09 | 0.08 |
| DII | 0 | 0 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.05 |
| Public | 3.51 | 3.67 | 3.79 | 3.78 | 4.22 | 4.32 | 4.33 | 4.31 | 4.24 | 4.32 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12.96 | 13.12 | 13.27 | 13.27 | 13.79 | 13.79 | 13.79 | 13.79 | 13.83 | 13.99 |
* The pros and cons are machine generated.
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