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Prices as of 9 Oct 2026 close · Not investment advice

Marine Electricals (India) Limited

NSE: MARINEIndustrial Products

Share price

₹455.65

+0.67% close of 9 Oct 2026

Market cap ₹6,379 CrP/E 98.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

63

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹6,379 Cr

P/E ratio

98.1

P/B ratio

12.9

ROCE

18.0%

ROE

13.2%

Dividend yield

0.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹478.8552-week low ₹151.70

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 21.8% over the past year, and 26.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 8.4% to 10.9% over the last four years.

Whether it grew faster than its sector

It grew 26.9% a year against a sector median of 10.6% — 16.3 percentage points faster.

Room to re-rate, or risk of de-rating

At 98.1× earnings it costs 4.1× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 89.5×, across 5 companies. It is against its own five-year median of 58.8×, the 91st percentile of its own range.

Whether growth justifies the valuation

Priced at 1.9 times its growth rate, on earnings growth of 52%.

Profit growthPrice per ₹1 profitPer 1% growth
Marine Electricals (India) Limited — this one52%/yr98.1×₹1.9
INDOMIM8%/yr107.0×₹13.4
Aditya Infotech Limited48%/yr105.3×₹2.2
Syrma SGS Technology Limited39%/yr89.5×₹2.3
Honeywell Automation India Limited7%/yr53.0×₹7.6
Jyoti CNC Automation Limited157%/yr69.6×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Industrial Products), it ranks 20 of 75 on returns, 11 of 75 on growth, 47 of 75 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18% on capital, ahead of 73% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹77 crore of cash from the business but spent ₹105 crore on plant and equipment, ₹28 crore more than it made; the gap was from lenders and shareholders. But only about 44 of every 100 rupees of profit it reported over 10 years arrived as cash — the rest is tied up.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 55.2% year on year, while net profit rose 45.9%.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹259 Cr

Revenue vs last year

+55.2%

Revenue vs last quarter

-6.4%

Net profit

₹18 Cr

Profit vs last year

+45.9%

Profit vs last quarter

-7.8%

Net margin

6.8%

EPS

₹1.23

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹6,379 Cr
Prev close
₹455.65
52w High
₹491
52w Low
₹151
Enterprise value
₹6,320 Cr
Beta
1.6
Price CAGR 1y
125.0%
Price CAGR 3y
104.0%
Price CAGR 5y
67.0%
Price CAGR 10y
—

Ratios

Return on assets
6.6%
PEG ratio
1.9
P/E ratio
98.1
P/B ratio
12.9
EV / EBITDA
59.6
Industry P/E
36.1
ROCE
18.0%
ROCE 5y average
15.0%
ROE
13.2%
Debt / Equity
0.2
Interest coverage
5.0
Dividend yield
0.1%
ROE 3y average
12.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹877 Cr
Annual profit
₹59 Cr
Operating margin
11.0%
Net profit margin
6.7%
EBITDA margin
10.7%
Sales growth 3y
25.6%
Sales growth 5y
28.4%
Profit growth 3y
52.0%
Profit growth 5y
35.0%
EPS
₹4.2
Sales growth TTM
22.0%
Profit growth TTM
52.0%
Dividend payout
7.0%

Quarter P&L

Sales latest quarter
₹259 Cr
Profit latest quarter
₹18 Cr
YoY quarterly sales growth
55.2%
YoY quarterly profit growth
50.0%
OPM latest quarter
10.9%

Balance Sheet

Book Value
₹35.2
Face Value
₹2.0
Total debt
₹89 Cr
Total cash
₹148 Cr
Borrowings
₹89 Cr
Reserves / Equity
16.6

Cash Flow

Operating cash flow
-₹16 Cr
Free cash flow
-₹43 Cr
FCF yield
-1.0%
Net cash flow
₹4 Cr

Shareholding

Promoter holding
68.2%
FII holding
1.1%
DII holding
0.4%
Public holding
30.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Indo-MIM1,290.0098.863,7880.00240.131.61,218.79.425.0
Aditya Infotech3,909.90100.447,9460.04142.2332.51,402.489.528.6
Syrma SGS Tech.1,716.6089.133,1010.09105.7101.21,588.668.316.8
Honeywell Auto33,136.3552.429,2930.33150.720.91,204.41.816.9
Jyoti CNC Auto.1,036.0073.323,5610.0057.1-20.0508.524.021.3
Kaynes Tech3,291.0063.722,1230.0056.4-24.4946.040.512.7
LMW16,744.2597.917,8880.2155.5369.2860.724.05.6
Marine Electric.455.3598.06,3720.0617.548.8259.255.218.0
Median342.1535.76440.005.731.374.623.215.9

Competes with: Aditya Infotech Limited, Honeywell Automation India Limited, INDOMIM, Jyoti CNC Automation Limited, Kaynes Technology India Limited, LLOYDS ENGINEERING WORKS LIMITED, LMW Limited, Syrma SGS Technology Limited, Tega Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales101137147237138184194251167222210277259
Expenses91127135217125163182228150196190246231
Material Cost174124154153188221
Change in Inventories11-7.47-0.82-5.4614-34
Purchases of Stock-in-Trade000000
Employee Cost171517182020
Other Expenses261825252423
Operating Profit10101120132111221726203228
OPM %9.607.367.838.639.63125.928.9310129.581111
Other Income1214324454424
Exceptional items (within Other Income)0000-1.210
Interest3334344334484
Depreciation2233344434445
Profit before tax6771710168181522162224
Tax %37302328272140272526241726
Net Profit455127135141217121918
EPS in Rs0.280.370.380.960.540.920.380.970.841.200.851.321.23
Diluted EPS in Rs0.960.831.180.851.331.23

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales236250272369400263251376443622767877969
Expenses216229246337378240224344404570698782863
Material Cost544619
Change in Inventories14-0.18
Purchases of Stock-in-Trade00
Employee Cost5771
Other Expenses8493
Operating Profit202126312222273239526994106
OPM %8899691199891111
Other Income3223468457131514
Exceptional items (within Other Income)0-1.21
Interest5357811971012141920
Depreciation655551099810161516
Profit before tax1214182313817192536527684
Tax %293438282924203233292723
Net Profit9911169614131726385965
EPS in Rs0.921.071.191.750.750.461.051.061.351.952.794.174.60
Diluted EPS in Rs2.814.22
Dividend Payout %000000190010117

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
13%
5 years
28%
3 years
26%
TTM
22%

Compounded profit growth

10 years
20%
5 years
35%
3 years
52%
TTM
52%

Stock price CAGR

10 years
—
5 years
67%
3 years
104%
1 year
125%

Return on equity

10 years
11%
5 years
11%
3 years
12%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171717182525252525272828
Reserves36465878130126138150183224376465
Borrowings243240465756583766975589
Other Liabilities6654112212162176162162192268266309
Minority Interest4.348.77
Total Liabilities143149227354373383383373466616725890
Fixed Assets404356394353484966757593
CWIP0001414002061619
Investments000335333663
Other Assets104106171297313325331319396529627775
Total Assets143149227354373383383373466616725890

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1331-5323247-2-755-16
Cash from Investing Activity-16-231-11-19-28-21-95-17
Cash from Financing Activity2344-19-7-3131325237
Net Cash Flow-111-93-3-314124
Free Cash Flow-524-6123-237-24-3234-43

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days91104148182174235252167186186157178
Inventory Days472973616414616610271725250
Days Payable9478168209154292267159161167129135
Cash Conversion Cycle43555233849015211096918093
Working Capital Days49677616871211571089579129104
ROCE %23202122129121214151618

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters747372717168686868696868
FIIs000.020.150.250.960.150.080.180.650.601.12
DIIs0000.110.080.040.040.070.120.120.340.41
Public262728292931313131313130
No. of Shareholders51,59449,30550,30455,98383,79989,62893,62996,33294,68889,67989,03086,580

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +116.2% (₹210.77 → ₹455.65)Brick size ₹25.62 (fixed)Bricks 14
₹200₹300₹400₹456Jan '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹455.65 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-59.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

68,21,343inr

2026-03-31

News

News and filings about Marine Electricals (India) Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • aluminium
  • copper
  • steel

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Industrial Products
Classification
Capital Goods › Industrial Products
ISIN
INE01JE01028

Business segments

  • Marine · 53%
  • Industry · 47%

Plants

  • Goa Plant
  • Mumbai Plant / Registered Office · Mumbai, Maharashtra

News impact

Big market events that reach Marine Electricals (India) Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

11 Sep 2026unspecified₹0.3
12 Sep 2025unspecified₹0.3
20 Sep 2024unspecified₹0.2
20 Sep 2021unspecified₹0.2
18 Feb 2021split₹0

Splits, bonuses & buybacks

  • daily-prices repair: 12 rows from NSE's archive (replace 5, delete 1, insert 6), 2018-12-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Dec 2018

Bulk & block deals

DateWhoBought / soldSharesPrice
23 Sep 2026KDU ENTERPRISES PRIVATE LIMITEDSELL42,00,000₹386.48
23 Sep 2026SBI FUNDS MANAGEMENT LIMITEDBUY11,55,413₹394.79
23 Sep 2026SETU SECURITIES PVT LTDSELL9,73,704₹398.92
23 Sep 2026SETU SECURITIES PVT LTDBUY9,73,702₹386.88
23 Sep 2026SWETABEN HARDIK SHAHBUY7,46,569₹385.08
23 Sep 2026SWETABEN HARDIK SHAHSELL7,46,569₹391.82
23 Sep 2026QE SECURITIES LLPBUY7,12,768₹414.23
23 Sep 2026QE SECURITIES LLPSELL7,12,757₹419.58

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
23 Sep 2026KDU ENTERPRISES PRIVATE LIMITED · Connected PersonSELL42,00,000162.32

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.