Marine Electric.

What does Marine Electric. do?

Marine Electricals (India) Ltd manufactures switch gears, primarily for the industrial sector, and is classified as a small-cap company with a market cap of Rs 3,264 Cr. Established in 1978, it reported net sales of 251 Cr and a net profit of 13 Cr for March 2025.

Overview: Marine Electricals (India) Ltd is engaged in the manufacturing of switch gears and operates within the industrial manufacturing sector, classified as a small-cap company.<BR><BR>History: The company was originally established as a proprietary concern in 1978 and was focused on manufacturing switch gears for the Indian Navy. Following the death of its founder, Mr. Krishnappa Uchil, in 2004, the business transitioned to a partnership firm and was later incorporated as a private limited company on December 4, 2007. The latest quarterly results report net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>- Net Sales: 251 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 13 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 3,264 Cr (Small Cap)<BR><BR>Key Metrics: <BR>- P/E: 78.00<BR>- Industry P/E: 34<BR>- Dividend Yield: 0.09%<BR>- Debt Equity: 0.00<BR>- Return on Equity: 9.52%<BR>- Price to Book: 7.45<BR><BR>Contact Details: <BR>- Address: B/1, Udyog Sadan No.3, Midc, Andheri (E), Mumbai Maharashtra : 400093<BR>- Phone: +91 22 28349132<BR>- Email: info@marineelectricals.com<BR>- Website: www.marineelectricals.com

Who are in the management team of Marine Electric.?

As of March 2019, the management team of Marine Electric includes Venkatesh K Uchil (Managing Director), Vinay K Uchil (Chairman), and several non-executive and independent directors, along with company secretaries. The team consists of a mix of executive and non-executive roles.

As of March 2019, the management team of Marine Electric includes the following individuals:<BR><BR>1. Venkatesh K Uchil - Managing Director<BR>2. Vinay K Uchil - Chairman & Wholetime Director<BR>3. Tanuja Pudhierkar - Non Executive Director<BR>4. Madan Pendse - Non Executive Director<BR>5. Nikunj Kishore Mishra - Non Executive Director<BR>6. Shailendra Kumar Shukla - Non Executive Director<BR>7. Reesha Ratanpal - Company Secretary<BR>8. Vikas Jaywant - Independent Director<BR>9. Mohan Rao - Independent Director<BR>10. Mitali Ambre - Company Secretary<BR>11. Archana Rajagopalan - Independent Director<BR><BR>This team comprises a mix of executive and non-executive directors, along with company secretaries.

When is the next results date for Marine Electric.?

No Upcoming Board Meetings

Has Marine Electric. declared dividend?

Marine Electricals (India) Ltd has declared a 10% dividend, amounting to ₹0.2 per share, with an ex-date of September 20, 2024. While the stock has seen a -13.67% return in the last 6 months, it has experienced significant growth over the past 1 to 5 years, with total returns ranging from 118.83% to 1218.86%.

Marine Electricals (India) Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 0.2<BR>- Ex-date: 20 Sep 24<BR><BR>Dividend Yield: 0.09%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -13.67%, the dividend return was 0%, resulting in a total return of -13.67%.<BR><BR>Over the past year, the price return was 118.66%, the dividend return was 0.17%, leading to a total return of 118.83%.<BR><BR>In the 2-year period, the price return was 360.77%, the dividend return was 0.39%, culminating in a total return of 361.16%.<BR><BR>For the 3-year span, the price return was 748.58%, the dividend return was 0.76%, resulting in a total return of 749.34%.<BR><BR>In the last 4 years, the price return was 215.41%, the dividend return was 0.60%, leading to a total return of 216.01%.<BR><BR>Finally, over the past 5 years, the price return was 1216.68%, the dividend return was 2.18%, culminating in a total return of 1218.86%.<BR><BR>Overall, Marine Electricals has declared a dividend, and while the recent performance shows a negative return over the last 6 months, the long-term returns over 1 to 5 years indicate significant growth, particularly in price returns.

Who are the peers of the Marine Electric.?

Marine Electric's peers include Centum Electron, Pennar Industrie, Windsor Machines, Honda India, HLE Glascoat, Thejo Engg., Indian Hume Pipe, HMT, and John Cockerill. While Marine Electric shows good growth, it has the lowest 1-year return at -20.75% compared to its peers, with Windsor Machines leading at 118.68%.

Peers: The peers of Marine Electric are Centum Electron, Pennar Industrie, Windsor Machines, Honda India, HLE Glascoat, Thejo Engg., Indian Hume Pipe, HMT, and John Cockerill.<BR><BR>Quality Snapshot: Excellent management risk is observed at Honda India and Thejo Engg., while Good management risk is found at HLE Glascoat, Marine Electric, and the rest. Average management risk is seen at Centum Electron, Pennar Industrie, and John Cockerill, while Below Average management risk is present at Windsor Machines, Indian Hume Pipe, and the rest. Growth is Good at Marine Electric, while Below Average growth is noted at Centum Electron, Pennar Industrie, Windsor Machines, Honda India, HLE Glascoat, Indian Hume Pipe, and John Cockerill, with Thejo Engg. and the rest showing Below Average growth. Capital Structure is Excellent at Honda India and Thejo Engg., Good at Windsor Machines, Marine Electric, and John Cockerill, while Average is seen at HLE Glascoat, and Below Average at Centum Electron, Pennar Industrie, Indian Hume Pipe, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Windsor Machines at 118.68%, while the lowest is Marine Electric at -20.75%. Marine Electric's 1-year return is significantly lower than that of its peers. Additionally, HMT has a negative six-month return.

Who are the top shareholders of the Marine Electric.?

The top shareholder of Marine Electric is Kdu Enterprises Private Limited, owning 47.42% of the company. Individual investors hold 26.94%, while 12 foreign institutional investors collectively own 0.15%.

The top shareholders of Marine Electric include Kdu Enterprises Private Limited, which holds the largest stake at 47.42%. The company has no pledged promoter holdings and is not held by any mutual fund schemes. Additionally, 12 foreign institutional investors (FIIs) hold a combined 0.15% of the shares. Individual investors collectively own 26.94% of the company. There are no notable public shareholders listed.

How big is Marine Electric.?

As of 24th July, Marine Electricals (India) Ltd has a market capitalization of 2,701.00 Cr, with net sales of 767.10 Cr and a net profit of 38.42 Cr reported in the latest four quarters. The company has shareholder's funds of 250.69 Cr and total assets of 614.47 Cr for the annual period ending March 2024.

As of 24th July, Marine Electricals (India) Ltd has a market capitalization of 2,701.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 767.10 Cr and a net profit of 38.42 Cr.<BR><BR>For the latest annual period ending March 2024, Marine Electricals had shareholder's funds amounting to 250.69 Cr and total assets of 614.47 Cr.

How has been the historical performance of Marine Electric.?

Marine Electric has shown consistent growth, with net sales increasing from INR 251.29 crore in March 2021 to INR 767.10 crore in March 2025, alongside significant improvements in profitability and total assets. The company achieved positive cash flow from operating activities in March 2025, reflecting enhanced operational efficiency.

Answer:<BR>The historical performance of Marine Electric shows a consistent growth trend in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Marine Electric's net sales have increased significantly from INR 251.29 crore in March 2021 to INR 767.10 crore in March 2025, reflecting a strong upward trajectory. The total operating income followed a similar pattern, rising from INR 262.93 crore in March 2020 to INR 767.10 crore in March 2025. The company's operating profit, excluding other income, also improved, reaching INR 68.71 crore in March 2025, up from INR 22.32 crore in March 2020. Profit before tax has shown a notable increase, climbing from INR 7.71 crore in March 2020 to INR 52.38 crore in March 2025, while profit after tax rose from INR 5.89 crore to INR 38.08 crore in the same period. The company's total assets have grown from INR 381.95 crore in March 2020 to INR 719.52 crore in March 2025, indicating a robust expansion. Total liabilities also increased, from INR 381.95 crore to INR 719.52 crore, with total debt peaking at INR 95.48 crore in March 2024 before decreasing to INR 49.52 crore in March 2025. Cash flow from operating activities turned positive in March 2025 at INR 55 crore, compared to negative cash flows in previous years, showcasing improved operational efficiency. Overall, Marine Electric has demonstrated strong growth in sales, profits, and asset base over the analyzed period.

Is Marine Electric. overvalued or undervalued?

As of November 21, 2025, Marine Electric is considered overvalued with a valuation grade of expensive, reflected in its high PE ratio of 70.98, which exceeds that of peers like Rail Vikas and Craftsman Auto, despite a significant 625.53% return over the past three years.

As of 21 November 2025, the valuation grade for Marine Electric has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 70.98, an EV to EBITDA of 41.94, and a PEG ratio of 3.60, all of which indicate a high valuation relative to earnings and growth expectations.<BR><BR>In comparison to its peers, Marine Electric's PE ratio is significantly higher than Rail Vikas, which stands at 57.67, and even higher than Craftsman Auto, which is at 60.96. This suggests that Marine Electric is priced at a premium compared to its industry counterparts. Additionally, while the stock has shown a notable return of 625.53% over the past three years, it has underperformed the Sensex year-to-date and over the past year, reinforcing the view that the current valuation may not be justified.

Is Marine Electric. technically bullish or bearish?

As of December 1, 2025, the technical trend is mildly bullish due to daily moving averages and weekly MACD showing bullish momentum, but mixed signals from monthly indicators suggest caution.

As of 1 December 2025, the technical trend has changed from bullish to mildly bullish. The current technical stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum and the weekly MACD also showing bullish signals. However, the monthly indicators, including MACD and KST, are mildly bearish, which tempers the overall bullish outlook. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, suggesting some upward potential. Overall, while there are bullish indicators present, the mixed signals from the monthly data indicate caution.

Are Marine Electricals (India) Ltd latest results good or bad?

Marine Electricals (India) Ltd's latest results show strong year-on-year net profit growth of 126.97% and an 8.48% revenue increase, but sequential declines in both revenue and net profit, along with reduced operating margins, raise concerns about future profitability and operational efficiency.

Marine Electricals (India) Ltd's latest results indicate a mixed performance. On one hand, the company achieved a significant year-on-year net profit growth of 126.97%, reaching ₹11.78 crores, and an 8.48% increase in revenue to ₹210.23 crores compared to the same quarter last year. However, these positive figures are overshadowed by a sequential decline in both revenue and net profit, which fell by 5.41% and 28.56% respectively from the previous quarter.<BR><BR>Moreover, the operating margins have contracted sharply to 9.58%, down from 11.65% in the prior quarter, indicating rising operational challenges such as pricing pressures or cost inflation. The overall picture suggests that while the company is growing year-on-year, it faces significant headwinds that could impact its future performance. The volatility in revenue and margins raises concerns about the sustainability of its earnings quality.<BR><BR>In summary, while there are positive year-on-year growth metrics, the sequential declines and margin pressures suggest caution regarding the company's operational efficiency and future profitability.

Should I buy, sell or hold Marine Electricals (India) Ltd?

Why is Marine Electricals (India) Ltd falling/rising?

As of 17-Mar, Marine Electricals (India) Ltd's stock is rising to 176.22, driven by strong financial performance, including a low Debt to EBITDA ratio and significant sales growth. However, it faces challenges from recent negative trends and a lack of institutional investment.

As of 17-Mar, Marine Electricals (India) Ltd's stock price is rising, currently at 176.22, reflecting a change of 1.76 (1.01%) upwards. This increase can be attributed to several positive factors despite the stock's recent performance trends. <BR><BR>The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.65 times. Additionally, it has shown healthy long-term growth, with net sales growing at an annual rate of 30.38%. The company has also declared positive results for the last four consecutive quarters, with a profit after tax of Rs 28.27 crore growing at 57.84%. Furthermore, the return on capital employed (ROCE) is at its highest at 16.14%, and the debt-equity ratio is notably low at 0.13 times.<BR><BR>In terms of valuation, the stock is trading at a discount compared to its peers' average historical valuations, with a price to book value of 5.7. Over the past year, the stock has generated a return of 11.43%, while profits have risen by 41.2%, resulting in a PEG ratio of 1.1, indicating fair valuation. <BR><BR>Moreover, the stock has outperformed the sector by 0.65% today, and there has been a rise in investor participation, with delivery volume increasing by 5.72% against the 5-day average. However, it is important to note that the stock is currently trading lower than its moving averages across various time frames, which could indicate some underlying weakness. <BR><BR>Despite these positive indicators, the stock's performance over the past week and month has been negative, with declines of 6.23% and 7.83%, respectively. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may suggest a lack of confidence among institutional investors. <BR><BR>In summary, while Marine Electricals (India) Ltd's stock is currently rising due to strong financial performance and growth prospects, it faces challenges from recent negative trends and low institutional interest.

Why is Marine Electricals (India) Ltd falling/rising?

As of 18-Mar, Marine Electricals (India) Ltd's stock price is rising to 178.91, despite a recent decline in performance. The company shows strong fundamentals with significant annual growth in net sales and profit, but faces concerns over reduced investor participation and lack of mutual fund investment.

As of 18-Mar, Marine Electricals (India) Ltd's stock price is rising, currently at 178.91, reflecting a change of 2.69 (1.53%) upward. This increase comes despite the stock's recent performance, which shows a decline of 3.40% over the past week and 8.37% over the past month. However, the company has demonstrated strong fundamentals, including a healthy growth rate in net sales of 30.38% annually and a significant increase in profit after tax (PAT) of 57.84% over the last six months. <BR><BR>Additionally, the company has reported positive results for the last four consecutive quarters, with a return on capital employed (ROCE) at its highest of 16.14% and a low debt-to-equity ratio of 0.13 times, indicating strong financial health. The stock is also trading at a discount compared to its peers' average historical valuations, which may attract investors looking for value. <BR><BR>Despite the recent increase in stock price, there are concerns regarding falling investor participation, as evidenced by a 32.37% decrease in delivery volume compared to the five-day average. Furthermore, the lack of domestic mutual fund investment, holding only 0% of the company, may indicate a lack of confidence among institutional investors. Nonetheless, the stock's consistent returns over the past three years and its fair valuation suggest that the recent rise may be supported by its strong financial performance and growth potential.

Why is Marine Electricals (India) Ltd falling/rising?

As of 19-Mar, Marine Electricals (India) Ltd's stock price has declined to 171.56, reflecting a drop of -4.11%. This decline is driven by underperformance against benchmarks, trading below moving averages, and a lack of institutional investment, indicating low investor confidence.

As of 19-Mar, Marine Electricals (India) Ltd is experiencing a decline in its stock price, currently at 171.56, which reflects a change of -7.35 (-4.11%). This downward movement can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has underperformed against the benchmark Sensex, with a 1-week decline of -5.97% compared to the Sensex's -2.69%. Over the past month, the stock has decreased by -9.15%, while the Sensex has only fallen by -9.63%. Year-to-date, Marine Electricals has seen a significant drop of -20.68%, contrasting with the Sensex's -11.97%. This consistent underperformance against the benchmark indicates a lack of investor confidence.<BR><BR>Moreover, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bearish trend. Although there has been a rise in delivery volume by 43.31% on March 18, indicating increased investor participation, it is not sufficient to counteract the overall negative sentiment surrounding the stock.<BR><BR>Additionally, despite the company's strong financial metrics, such as a low Debt to EBITDA ratio of 0.65 times and a healthy annual growth rate in net sales of 30.38%, the lack of domestic mutual fund investment—holding only 0%—suggests that institutional investors may not be confident in the stock's current valuation or business prospects. This absence of institutional backing can further contribute to the stock's decline.<BR><BR>In summary, the combination of underperformance against benchmarks, trading below moving averages, and minimal institutional investment are key factors contributing to the falling stock price of Marine Electricals (India) Ltd.

Why is Marine Electricals (India) Ltd falling/rising?

As of 20-Mar, Marine Electricals (India) Ltd's stock price is 170.73, down 0.48%, with a year-to-date decline of 21.06%. Despite strong fundamentals and growth potential, the stock faces bearish trends and low investor participation.

As of 20-Mar, Marine Electricals (India) Ltd's stock price is currently at 170.73, reflecting a decrease of 0.83 points or 0.48%. The stock has shown a negative performance over various time frames, with a decline of 2.62% over the past week and a significant drop of 10.86% over the past month. Year-to-date, the stock has fallen by 21.06%, which is considerably worse than the Sensex's decline of 11.54% during the same period.<BR><BR>Despite the recent downturn, there are positive indicators regarding the company's financial health. Marine Electricals has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.65 times. Additionally, the company has reported healthy long-term growth, with net sales increasing at an annual rate of 30.38%. The company has also declared positive results for the last four consecutive quarters, with a profit after tax of Rs 28.27 crore growing at 57.84%.<BR><BR>However, the stock is currently trading below its moving averages across various time frames, indicating a bearish trend. Furthermore, there has been a decline in investor participation, as seen in the delivery volume, which fell by 9.12% against the five-day average. Notably, domestic mutual funds hold 0% of the company, which may suggest a lack of confidence in the stock's current valuation or business prospects.<BR><BR>In summary, while Marine Electricals (India) Ltd has strong fundamentals and growth potential, the stock is experiencing a decline due to poor short-term performance, low investor participation, and a lack of interest from domestic mutual funds.

Why is Marine Electricals (India) Ltd falling/rising?

As of 23-Mar, Marine Electricals (India) Ltd's stock price has declined to Rs 161.67, down 5.31%, due to poor short-term performance, proximity to a 52-week low, and lack of institutional investment. Despite some positive financial indicators, the overall bearish trend reflects a lack of confidence among investors.

As of 23-Mar, Marine Electricals (India) Ltd is experiencing a decline in its stock price, currently at Rs 161.67, which reflects a change of -9.06 (-5.31%). This downward movement can be attributed to several factors. Over the past week, the stock has underperformed significantly, with a decline of 7.33%, compared to a 3.83% drop in the Sensex. Additionally, the stock has shown a substantial decrease of 15.27% over the past month, while the benchmark index fell by 12.45%.<BR><BR>The stock is also trading close to its 52-week low, being only 4.06% away from Rs 155.1. Furthermore, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 56.09% against the 5-day average, this has not translated into positive price movement.<BR><BR>Despite some positive financial indicators, such as a low Debt to EBITDA ratio and consistent profit growth, the lack of domestic mutual fund investment—holding only 0%—suggests a lack of confidence among institutional investors. This could indicate that they are not comfortable with the current price or the business outlook, contributing to the stock's decline. Overall, the combination of poor short-term performance, proximity to a 52-week low, and minimal institutional support are key reasons for the falling stock price of Marine Electricals (India) Ltd.

Why is Marine Electricals (India) Ltd falling/rising?

As of 24-Mar, Marine Electricals (India) Ltd's stock price has risen to 165.59, reflecting a 2.42% increase despite recent underperformance. This rise is driven by increased investor participation and strong financial fundamentals, suggesting potential value for investors.

As of 24-Mar, Marine Electricals (India) Ltd is experiencing a rise in its stock price, currently at 165.59, reflecting an increase of 3.92 or 2.42%. This upward movement is notable given the context of its recent performance, where the stock has underperformed in the short term, with a decline of 6.03% over the past week and 12.48% over the past month. However, today’s performance indicates a slight rebound, outperforming the sector by 0.61%.<BR><BR>Several factors contribute to this rise. Firstly, there is a rising investor participation, as evidenced by a delivery volume of 1.9 lacs on 23 March, which has increased by 24.31% compared to the five-day average. This suggests a growing interest among investors, potentially signaling confidence in the stock despite its recent volatility.<BR><BR>Additionally, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 0.65 times, indicating a strong ability to service its debt. The company has also shown healthy long-term growth, with net sales increasing at an annual rate of 30.38%. Furthermore, Marine Electricals has reported positive results for the last four consecutive quarters, with a significant growth in profit after tax (PAT) of 57.84% over the latest six months.<BR><BR>Despite the stock trading below its moving averages, the fair valuation indicated by a Price to Book Value of 5.3 and a PEG ratio of 1.1 suggests that it is trading at a discount compared to its peers. This could attract investors looking for value opportunities.<BR><BR>In summary, while Marine Electricals (India) Ltd has faced challenges in the short term, the recent rise in its stock price can be attributed to increased investor participation and strong financial fundamentals, which may be encouraging investors to reconsider their positions in the stock.

Why is Marine Electricals (India) Ltd falling/rising?

As of 25-Mar, Marine Electricals (India) Ltd's stock price has risen to 169.77, driven by increased investor participation and strong financial performance, including a low Debt to EBITDA ratio and consistent profit growth. Despite trading below moving averages and lacking institutional investor confidence, the company's positive metrics suggest healthy long-term growth prospects.

As of 25-Mar, Marine Electricals (India) Ltd is experiencing a rise in its stock price, currently at 169.77, with a change of 4.18 (2.52%) upward. This increase can be attributed to several factors. Notably, there has been a significant rise in investor participation, evidenced by a delivery volume of 3.82 lacs on 24 March, which has increased by 133.87% compared to the 5-day average. This suggests a growing interest among investors in the stock.<BR><BR>Additionally, the company has demonstrated strong financial performance, with a low Debt to EBITDA ratio of 0.65 times, indicating a strong ability to service its debt. The company has also reported positive results for the last four consecutive quarters, with a profit after tax (PAT) of Rs 28.27 crore, reflecting a growth of 57.84%. Furthermore, the company's net sales have grown at an annual rate of 30.38%, showcasing healthy long-term growth prospects.<BR><BR>Despite the stock trading lower than its moving averages over various periods, the overall financial health and positive performance metrics contribute to the current rise in stock price. However, it is important to note that domestic mutual funds hold no stake in the company, which could indicate a lack of confidence in the stock's valuation among institutional investors. Nonetheless, the combination of rising investor participation and strong financial indicators supports the upward movement in Marine Electricals' stock price.

Which are the latest news on Marine Electric.?