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Consolidated Standalone

Marine Electricals

₹103.3 4.6 | 4.7%

WEBSITE BSE:0 NSE : 18 May, 12:47

Market Cap ₹1370 Cr.

Stock P/E 75.9

P/B 5.9

Current Price ₹103.3

Book Value ₹ 17.6

Face Value 2

52W High ₹122.9

Dividend Yield 0%

52W Low ₹ 47.7

Edit Ratio

Marine Electricals Research see more...

Overview Inc. Year: 1978Industry: Engineering - Industrial Equipments

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.

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Marine Electricals Share Price

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Peer Comparison

Marine Electricals Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 107 110 94 83 90 127 143 101 137 147
Other Income 2 1 1 2 2 0 1 1 2 1
Total Income 109 111 95 84 92 127 144 102 139 148
Total Expenditure 100 101 84 77 82 113 132 91 127 135
Operating Profit 9 11 11 8 10 14 12 10 12 13
Interest 2 2 2 2 3 2 3 3 3 3
Depreciation 2 2 2 2 2 2 2 2 2 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 6 7 4 5 10 7 6 7 7
Provision for Tax 1 2 3 1 2 2 3 2 2 2
Profit After Tax 4 4 4 3 3 7 4 4 5 5
Adjustments -0 -0 0 -0 -0 0 0 0 -0 -0
Profit After Adjustments 4 4 5 3 3 7 4 4 5 5
Adjusted Earnings Per Share 0.3 0.3 0.4 0.2 0.2 0.6 0.3 0.3 0.4 0.4

Marine Electricals Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 212 236 250 272 369 400 263 251 376 443 528
Other Income 3 3 2 2 3 4 6 8 5 5 5
Total Income 215 238 252 274 372 404 269 259 381 447 533
Total Expenditure 193 216 229 246 337 378 241 224 345 404 485
Operating Profit 22 23 23 28 34 26 28 35 36 43 47
Interest 3 5 3 5 7 8 11 9 7 10 12
Depreciation 2 6 5 5 5 5 10 9 9 8 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 17 12 14 18 23 13 8 17 19 25 27
Provision for Tax 3 4 5 7 6 4 2 3 6 8 9
Profit After Tax 14 9 9 11 16 9 6 14 13 17 18
Adjustments -1 -1 -0 -1 -0 0 -0 -1 -0 0 0
Profit After Adjustments 13 8 9 11 16 9 6 13 13 17 18
Adjusted Earnings Per Share 0 0 0 0 0 0.8 0.5 1.1 1.1 1.3 1.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 19% 4% 0%
Operating Profit CAGR 19% 15% 5% 0%
PAT CAGR 31% 42% 1% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 111% 7% 39% NA%
ROE Average 9% 8% 7% 14%
ROCE Average 14% 13% 12% 18%

Marine Electricals Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 45 53 63 75 96 155 150 163 175 208
Minority's Interest 1 1 1 5 7 6 6 7 7 6
Borrowings 13 9 9 7 3 13 8 9 4 22
Other Non-Current Liabilities 3 2 2 3 4 3 5 3 2 4
Total Current Liabilities 59 77 73 136 245 196 212 201 184 224
Total Liabilities 121 143 149 227 354 373 382 383 372 465
Fixed Assets 37 40 43 56 39 43 47 43 44 61
Other Non-Current Assets 3 3 3 7 29 22 21 17 25 45
Total Current Assets 81 100 103 165 285 309 314 323 304 359
Total Assets 121 143 149 227 354 373 382 383 372 465

Marine Electricals Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 7 21 7 7 3 15 5 8 4 1
Cash Flow from Operating Activities 14 1 3 16 31 -53 23 2 47 -2
Cash Flow from Investing Activities -2 -8 -8 -18 -23 1 -1 1 -18 -28
Cash Flow from Financing Activities 1 -7 5 2 3 44 -19 -7 -31 31
Net Cash Inflow / Outflow 14 -14 -0 -1 11 -9 3 -3 -3 1
Closing Cash & Cash Equivalent 21 7 7 5 15 5 8 4 1 3

Marine Electricals Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0 0 0 0.75 0.46 1.05 1.06 1.35
CEPS(Rs) 1.84 1.67 1.69 1.91 2.38 1.14 1.26 1.85 1.84 1.97
DPS(Rs) 0 0 0 0 0 0 0 0.2 0 0
Book NAV/Share(Rs) 0 0 0 0 0 12.6 12.23 13.29 14.23 16.13
Core EBITDA Margin(%) 9.2 8.39 8.25 9.56 8.53 5.54 8.49 10.84 8.3 8.71
EBIT Margin(%) 9.65 7.08 6.97 8.42 7.91 5.31 7.13 10.28 7.1 7.91
Pre Tax Margin(%) 8.24 5.11 5.68 6.59 6.15 3.22 2.93 6.73 5.17 5.66
PAT Margin (%) 6.69 3.61 3.74 4.13 4.41 2.29 2.24 5.39 3.53 3.79
Cash Profit Margin (%) 7.42 6.1 5.8 6.03 5.83 3.5 5.9 9.01 6.01 5.62
ROA(%) 11.76 6.44 6.4 5.96 5.6 2.52 1.56 3.54 3.52 4.01
ROE(%) 31.45 17.24 16.01 16.18 19.04 7.32 3.87 8.65 7.87 8.88
ROCE(%) 29.26 22.61 20.18 21.72 22.74 12.05 9.12 12.37 12.5 14.49
Receivable days 61.58 73.38 95.25 121.9 145.5 170.83 249.59 248.96 167.59 164.13
Inventory Days 20.93 26.11 25.32 32.65 41.09 47.22 90.69 111.82 76.78 58.89
Payable days 72.62 79.39 86.4 120.57 156.95 171.36 275.56 289.76 161.17 148.73
PER(x) 0 0 0 0 0 28.22 39.35 62.58 29.16 26.64
Price/Book(x) 0 0 0 0 0 1.68 1.47 4.95 2.17 2.22
Dividend Yield(%) 0 0 0 0 0 0 0 0.3 0 0
EV/Net Sales(x) 0.1 0.15 0.17 0.19 0.11 0.75 0.98 3.37 1.08 1.13
EV/Core EBITDA(x) 0.95 1.53 1.88 1.86 1.14 11.5 9.04 24.26 11.21 11.57
Net Sales Growth(%) 0 10.96 6.01 8.73 35.8 8.42 -34.24 -4.43 49.76 17.68
EBIT Growth(%) 0 -18.6 4.36 31.38 27.64 -27.27 -11.67 37.8 3.41 31.03
PAT Growth(%) 0 -40.17 9.97 19.95 44.98 -43.72 -35.69 129.92 -1.87 26.53
EPS Growth(%) 0 0 0 0 0 -57.01 -39.08 129.71 0.62 27.19
Debt/Equity(x) 0.55 0.45 0.5 0.54 0.48 0.37 0.33 0.33 0.2 0.32
Current Ratio(x) 1.36 1.3 1.41 1.21 1.16 1.57 1.48 1.61 1.65 1.6
Quick Ratio(x) 1.16 1.02 1.23 0.95 0.97 1.29 1.13 1.21 1.22 1.32
Interest Cover(x) 6.83 3.59 5.43 4.61 4.48 2.54 1.7 2.89 3.67 3.52
Total Debt/Mcap(x) 0 0 0 0 0 0.22 0.23 0.07 0.09 0.14

Marine Electricals Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.52 73.52 73.63 73.71 73.71 74.47 74.47 73.84 72.87 71.98
FII 0 0 0 0 0 0 0 0 0 0.02
DII 0 0 0 0 0 0 0 0 0 0
Public 26.48 26.48 26.37 26.29 26.29 25.53 25.53 26.16 27.12 27.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 161.17 to 148.73days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Stock is trading at 5.9 times its book value.
  • The company has delivered a poor profit growth of 1% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Marine Electricals News

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