Marine Electricals (India)
- Market cap
- ₹ 5,441 Cr.
- P/E
- 84.9x
- P/B
- 11.63x
- 52-week range
- 150.86 – 490.85
- ROE
- 13%
- ROCE
- 18%
- Dividend yield
- 0.1%
- Debt / equity
- 0.18
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE
About
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears and control-gears. It is also engaged in the renewable energy sector, specifically solar. It also provides services like designing and fabricating for all types of electrical and electronic installations in India and abroad and undertakes annual maintenance contracts. It operates through two segments: Marine, which provides products and services for navigational equipment in new ship building, and Industry, which provides products and services for power distribution and solutions for industries like data centers, industrial and large buildings. Its offerings include Integrated Bridge Systems, Integrated Monitoring and Control Systems, Data Distribution Solutions and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →Marine Electricals (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)84.9 against a typical 30.9: pricier than most peers (1st = cheapest).158th of 184
- Sales growth+55.1% against a typical +20.3% from a year earlier.35th of 147
- Profit growth+50% against a typical +9.4% from a year earlier.42nd of 121
- Share price, 3 months+61.2% against a typical −3.7%.9th of 164
- Size₹ 5,441.2 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).19th of 176
Latest announcements
Exchange filings and their impact on the company.
- Won Rs 362 cr data-centre power-system orders, worth ~37% of annual sales.
Marine Electricals has won power distribution system orders worth about Rs 362.34 crore excluding taxes. The orders are from Princeton Digital Group (India) Management and DXDC Chennai, with delivery over 4-5 months and 12-15 months. At about 37% of its last twelve-month sales, the win materially boosts near-term revenue visibility.
Research by Minerva Capital Research Solutions
Our research team's work on Marine Electricals (India)Also covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 14 Aug 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026, dividend and other business matters |
| 27 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 11 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 3 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 12 Aug 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended Jun 30, 2025 and dividend |
| 7 Aug 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended Jun 30, 2025 and final dividend if any for the year ended 31st March 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 137 | 147 | 237 | 138 | 184 | 194 | 251 | 167 | 222 | 210 | 277 | 259 |
| Expenses | 127 | 135 | 217 | 125 | 163 | 182 | 228 | 150 | 196 | 190 | 246 | 231 |
| Operating Profit | 10 | 11 | 20 | 13 | 21 | 11 | 22 | 17 | 26 | 20 | 32 | 28 |
| OPM % | 7% | 8% | 9% | 10% | 12% | 6% | 9% | 10% | 12% | 10% | 11% | 11% |
| Other Income | 2 | 1 | 4 | 3 | 2 | 4 | 4 | 5 | 4 | 4 | 2 | 4 |
| Interest | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 8 | 4 |
| Depreciation | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 5 |
| Profit before tax | 7 | 7 | 17 | 10 | 16 | 8 | 18 | 15 | 22 | 16 | 22 | 24 |
| Tax % | 30% | 23% | 28% | 27% | 21% | 40% | 27% | 25% | 26% | 24% | 17% | 26% |
| Net Profit | 5 | 5 | 12 | 7 | 13 | 5 | 14 | 12 | 17 | 12 | 19 | 18 |
| EPS in Rs | 0.37 | 0.38 | 0.96 | 0.54 | 0.92 | 0.38 | 0.97 | 0.84 | 1.2 | 0.85 | 1.32 | 1.23 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 13%
- 5 Years
- 28%
- 3 Years
- 26%
- TTM
- 22%
- 10 Years
- 20%
- 5 Years
- 36%
- 3 Years
- 52%
- TTM
- 52%
- 10 Years
- —
- 5 Years
- 58%
- 3 Years
- 76%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 11%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Marine Electricals (India) | ₹ 417.40 | ₹ 5,441 Cr. | 84.9x | 11.6x | 13% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Vinay Krishna Uchil
- Executive Chairman of the Board
- Sunil Kumar Dalmia
- Chief Financial Officer
- Deep Shah
- Company Secretary and Compliance Officer
- Venkatesh Krishnappa Uchil
- Managing Director, Executive Director
- Shailendra Kumar Shukla
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.