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 20-Feb, Marine Electricals (India) Ltd's stock price has risen to 191.52, reflecting a 1.42% increase due to strong financial performance, including a low Debt to EBITDA ratio and significant profit growth. Despite concerns over valuation metrics, the company's robust growth and ability to service debt are contributing to its positive stock performance.

As of 20-Feb, Marine Electricals (India) Ltd is experiencing a rise in its stock price, currently at 191.52, with a change of 2.68 (1.42%) upward. This increase can be attributed to several positive factors. The stock has outperformed the sector by 1.43% today and has shown strong performance over the past week and month, with returns of +4.82% and +8.73%, respectively. Additionally, the company has demonstrated a robust ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.65 times, and has reported healthy long-term growth with net sales increasing at an annual rate of 30.38%.<BR><BR>Furthermore, the company has declared 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. The return on capital employed (ROCE) is at its highest of 16.14%, and the debt-equity ratio is notably low at 0.13 times. The stock has also consistently generated returns, outperforming the BSE500 over the last three years, with a 13.04% return in the past year.<BR><BR>However, it is important to note that there are some concerns regarding the stock's valuation, as it has a relatively high Price to Book Value of 6.1 and a return on equity (ROE) of 10.9. Despite these factors, the overall positive performance metrics and the company's strong financial health appear to be driving the current rise in the stock price.

Which are the latest news on Marine Electric.?