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?

Which are the latest news on Marine Electric.?

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

As of 23-Feb, Marine Electricals (India) Ltd's stock price is 190.81, down 0.37%, and has underperformed its sector. Despite recent gains, the stock shows weakness due to being below key moving averages and low mutual fund ownership, indicating valuation concerns amidst cautious market sentiment.

As of 23-Feb, Marine Electricals (India) Ltd's stock price is currently at 190.81, reflecting a change of -0.71 (-0.37%). The stock has underperformed its sector today by 0.31%. Despite a recent positive trend with a 1-week increase of 2.08% and a 1-month rise of 11.92%, the stock is facing downward pressure due to its current price being lower than the 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum.<BR><BR>Investor participation has seen a rise, with delivery volume increasing by 18.86% against the 5-day average, suggesting some interest in the stock. However, the overall market sentiment appears cautious, as indicated by the low domestic mutual fund ownership at 0%, which may reflect a lack of confidence in the stock's valuation or business prospects.<BR><BR>Financially, while the company has shown strong growth in net sales and has declared positive results for the last four consecutive quarters, its return on equity (ROE) of 10.9% and a price-to-book value of 6.1 suggest that the stock may be considered expensive relative to its earnings growth, with a PEG ratio of 1.2. This valuation concern, combined with the stock's performance relative to the benchmark Sensex, which has risen by 0.12% over the past week, contributes to the current decline in the stock price.

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

As of 24-Feb, Marine Electricals (India) Ltd's stock price is declining at 189.20, down 0.84%, due to bearish trends indicated by lower trading against key moving averages and reduced investor participation. Despite strong fundamentals, high valuation and lack of mutual fund investment suggest challenges affecting investor confidence.

As of 24-Feb, Marine Electricals (India) Ltd is experiencing a decline in its stock price, currently at 189.20, which reflects a change of -1.61 (-0.84%). This drop can be attributed to several factors. Although the stock has outperformed its sector by 1.14% today, it is trading lower than several key moving averages, including the 5-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in the short to medium term.<BR><BR>Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 39.59% compared to the 5-day average, suggesting reduced interest from investors. Despite the company's strong fundamentals, 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 stock's valuation appears expensive with a Price to Book Value of 6.1. This high valuation, combined with a relatively low return on equity (ROE) of 10.9, may deter potential investors.<BR><BR>Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, could indicate a lack of confidence in the stock's current price or business prospects. While the company has shown positive financial results over the last four quarters, the stock's performance relative to its peers and the broader market suggests that it may be facing challenges that are contributing to its current decline.