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Marine Electricals (India) Ltd

Marine Electricals (India)

Small Cap414 EmployeesIPO 2018
Current Price
187.16
-4.89 (-2.55%)Updated
NSE :MARINE
BSE :
Valuation vs Sector
P/E Ratio
48.94vs 21.74
P/B Ratio
6.06vs 5.68
Div Yield
0.00%vs 3.46%
Today's Range
179.25
187.16
union icon
195.22
52 Week Range
52W Low138.90
52W High258.00
187.16
union icon
Downside34.74%
Upside37.85%

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
2,637.49 Cr
Market Cap
Total market value of company
P/E Ratio
56.50
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
6.87
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
3.35
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
7.17%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
16.10%
ROCE
Return on Capital Employed. >15% is good
Net Margin
5.60%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
43.71%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
23.88%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
20.60%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
62.80%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
0.14
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
29.27
Book Value
Net asset value per share
Dividend Yield
-%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
68.40%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

5 points
  • The company reported a robust 62.80% year-on-year growth in quarterly net profit, reaching 11.6 Cr, indicating strong operational performance and increasing profitability.
  • Quarterly sales demonstrated a solid 20.60% year-on-year increase, reaching 167 Cr, reflecting growing demand and effective market penetration in its sector.

Weaknesses

5 points
  • The stock trades at a high P/E of 74.90, significantly above the sector P/E of 68.74, suggesting it might be overvalued compared to industry peers.
  • Promoter holding has decreased from 74.46% in March 2023 to 68.45% in March 2025, which could be a concern regarding insider confidence.

Opportunities

4 points
  • As a player in the Capital Goods sector, the company stands to benefit from potential infrastructure development and industrial expansion, driving demand for its products.
  • Foreign and Domestic Institutional Investors' holdings, though small, have shown an increasing trend, indicating growing institutional confidence and potential for future investment.

Threats

4 points
  • The company operates in a competitive landscape with peers like Kaynes Tech and Honeywell Auto, which could pressure margins and market share.
  • A broader economic slowdown or industrial recession could negatively impact demand for capital goods and industrial products, affecting sales and profitability.

Segment-wise Financial Analysis

Financial Results

Balance Sheet

StandaloneAnnualAll amounts in ₹ Crores • CA Schedule III Format

No Balance Sheet Data Available

Standalone annual data is not available for this symbol.
Try switching to Consolidated view.

Shareholding Pattern

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Company Insider Trading Activity

No insider trading data available

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4227.11+₹39.95+21.35%
R3211.14+₹23.98+12.81%
R2203.18+₹16.02+8.56%
R1195.17+₹8.01+4.28%
PIVOT187.210.050.03%
CURRENT187.16--
S1147.26-₹39.90-21.32%
S2163.23-₹23.93-12.79%
S3171.24-₹15.92-8.51%
S4179.20-₹7.96-4.25%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
3.79L
(02 Mar 2026)
+31.9% vs avg
Delivery %
42.5%
(02 Mar 2026)
-2.6% vs avg
Avg Volume (20D)
2.87L
(03 Feb - 02 Mar)
20-day average
Avg Delivery %
45.1%
(03 Feb - 02 Mar)
Trend ↓
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
Polycab India Ltd
1.17L ₹ Cr
Best Profit Growth
Ravindra Energy Ltd
20455.00 %
Highest Dividend Yield
Voltamp Transformers Ltd
1.23 %

Peer Comparison

Company Name
BBL
Bharat Bijlee Ltd
CGPOWER
CG Power & Industrial Solutions Ltd
DIACABS
Diamond Power Infrastructure Ltd
HIRECT
Hind Rectifiers Ltd
HPL
HPL Electric & Power Ltd
PITTIENG
Pitti Engineering Ltd
POLYCAB
Polycab India Ltd
PRECWIRE
Precision Wires India Ltd
RAMRAT
Ram Ratna Wires Ltd
RELTD
Ravindra Energy Ltd
SERVOTECH
Servotech Renewable Power System Ltd
SPECTRUM
Spectrum Electrical Industries Ltd
UNIVCABLES
Universal Cables Ltd
UTLSOLAR
Fujiyama Power Systems Ltd
VOLTAMP
Voltamp Transformers Ltd

About

MARINE

Marine Electricals (India) Ltd

Marine Electricals (India) Limited (MEIL) is a prominent player in the Indian and international markets for marine and industrial electrical and electronic components. Their core business revolves around the design, manufacture, sale, and maintenance of a wide range of electrical and electronic systems specifically tailored for the marine industry, but with applications extending to other industrial sectors as well.

MEIL's operations are structured around two key segments: Electricals and Electronics, and Solar. The Electricals and Electronics segment is the company's primary focus, encompassing a comprehensive suite of services. This includes the supply of components and systems for power generation and distribution, navigation and communication, and electrical propulsion within marine vessels. They also offer integrated platform management solutions, leveraging information technology to optimize vessel operations. Further enhancing their service offerings are engineering and project management capabilities, along with turnkey electrical installation services for complete vessel electrification projects.

Beyond new installations, MEIL provides crucial after-sales support and maintenance services. This includes repair, corrective and preventive maintenance, upgrades, and life extension services for a variety of marine electrical and electronic systems. These services cover electrical power generation and distribution, automation and power management, navigation and communication systems, and other specialized equipment. The company's expertise extends to designing and fabricating custom electrical and electronic installations to meet specific client needs. They also offer comprehensive annual maintenance contracts to ensure the continued smooth operation of installed systems.

The company's Solar segment represents a diversification into renewable energy solutions, likely targeting both marine and terrestrial applications. While specifics about the scope and scale of this segment are limited in the provided information, it suggests a strategic commitment to environmentally friendly technologies and potentially broadening their customer base beyond the traditional marine sector.

In summary, Marine Electricals (India) Limited operates as a fully integrated provider of electrical and electronic solutions for the marine industry. Their business model combines the design and manufacture of components and systems with comprehensive maintenance and support services, allowing them to offer a complete lifecycle solution to their customers. Their expansion into the solar energy sector points to a forward-looking approach and a commitment to sustainable practices.

COMPANY FACTS - MARINE

Registered Address

B-1, Udyog Sadan - 3,, MIDC, Marol Industrial Area,, Andheri East,

Mumbai

MAHARASHTRA

IN

Company Details

Group: Capital Goods

Sector: Industrials

Industry: Electrical Equipment

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 414

IPO Date: 11/10/2018

MANAGEMENT - MARINE

Mr. Vinay Uchil

Executive Chairman of the Board

Mr. Deep Shah

Compliance Officer, Company Secretary

Mr. Venkatesh Uchil

Managing Director, Executive Director

Dr. Tanuja Pudhierkar

Non-Executive Non-Independent Director

Mr. Shailendra Shukla

Non-Executive Non - Independent Director

Mr. Vikas Jaywant

Non-Executive Independent Director

Adm. Nikunj Mishra

Non-Executive Independent Director

Mr. Madan Pendse

Non-Executive Independent Director

Ms. Archana Rajagopalan

Non-Executive Independent Woman Director

Mr. Mohan Rao

Non-Executive Independent Director

Investor Questions Answered

Marine Electricals (India) Ltd (MARINE) Stock FAQs

Get answers to the most common questions about Marine Electricals (India) Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Marine Electricals (India) Ltd (MARINE) is ₹187.16. Today, the stock has declined by ₹4.89 (2.55%), trading in a range of ₹179.25 to ₹195.22. The stock opened at ₹179.25 with a trading volume of 3,78,971 shares.
Marine Electricals (India) Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,637.49 crores, P/E ratio of 56.50, ROE of 7.17%, and ROCE of 16.10%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Marine Electricals (India) Ltd (MARINE) is ₹258, while the 52-week low is ₹138.9. Currently trading at ₹187.16, the stock is 40.5% away from its 52-week low and 27.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Marine Electricals (India) Ltd stock at ₹187.16 depends on multiple factors. The stock is currently trading with a P/E ratio of 56.50 and P/B ratio of N/A. Today's performance shows a loss of 2.55%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Marine Electricals (India) Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹187.16, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Marine Electricals (India) Ltd's key financial metrics include: P/E Ratio: 56.50, P/B Ratio: N/A, ROE: 7.17%, ROCE: 16.10%, Dividend Yield: 0.00%, EPS: ₹3.35, Book Value: ₹29.27, Debt-to-Equity: 0.14, and Current Ratio: N/A. The company's market cap stands at ₹2,637.49 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Marine Electricals (India) Ltd stock opened at ₹179.25 and is currently trading at ₹187.16, showing a decline of ₹4.89 (2.55%). The intraday high is ₹195.22 and low is ₹179.25. The trading volume stands at 3,78,971 shares, indicating moderate market participation today.
Marine Electricals (India) Ltd has a Price-to-Earnings (P/E) ratio of 56.50, which means investors are willing to pay ₹56.50 for every ₹1 of earnings. With an EPS of ₹3.35, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
Marine Electricals (India) Ltd has a market capitalization of ₹2,637.49 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹187.16) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Marine Electricals (India) Ltd has a book value of ₹29.27 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹187.16, which is 539.4% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Marine Electricals (India) Ltd has a Return on Equity (ROE) of 7.17% and Return on Capital Employed (ROCE) of 16.10%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Marine Electricals (India) Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Marine Electricals (India) Ltd has a debt-to-equity ratio of 0.14, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Marine Electricals (India) Ltd has an Earnings Per Share (EPS) of ₹3.35, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹187.16 and P/E ratio of 56.50, investors are paying 56.50 times the annual earnings per share. The company may need to improve its earnings performance. Track EPS growth over quarters to assess earnings momentum.
Marine Electricals (India) Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Marine Electricals (India) Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Marine Electricals (India) Ltd stock, consider: 1) Fundamental Analysis - Review P/E (56.50), ROE (7.17%), debt-to-equity (0.14), and growth rates. 2) Technical Analysis - Check 52-week range (₹138.90 - ₹258.00), moving averages, and chart patterns. 3) Valuation - Compare current price (₹187.16) with book value (₹29.27) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Marine Electricals (India) Ltd share is ₹2.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹187.16 is 9258x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Marine Electricals (India) Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹138.90 - ₹258.00). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.14 indicates leverage. 4) Liquidity Risk - Based on trading volume of 3,78,971 shares. 5) Valuation Risk - P/E of 56.50 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Marine Electricals (India) Ltd operates in the industry with key metrics: P/E ratio of 56.50, ROE of 7.17%, market cap of ₹2,637.49 crores, and dividend yield of 0.00%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.14), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Marine Electricals (India) Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹187.16, with a 52-week range of ₹138.90 to ₹258.00. Based on fundamentals like P/E (56.50), ROE (7.17%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Marine Electricals (India) Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹187.16. 2) Fundamental Deterioration - Declining ROE (currently 7.17%), increasing debt (D/E: 0.14), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Marine Electricals (India) Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.00%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.