Why is Marine Electricals (India) Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.94 times
2
The company has declared Positive results for the last 6 consecutive quarters
- PAT(9M) At Rs 48.53 cr has Grown at 60.82%
- NET SALES(9M) At Rs 746.87 cr has Grown at 22.13%
- ROCE(HY) Highest at 16.51%
3
With ROE of 12, it has a Very Expensive valuation with a 10.9 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -100.00%, its profits have risen by 51.6% ; the PEG ratio of the company is 1.7
4
Increasing Participation by Institutional Investors
- Institutional investors have increased their stake by 1.53% over the previous quarter and collectively hold 1.53% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
5
Below par performance in long term as well as near term
- Along with generating -100.00% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you hold?
- Overall Portfolio exposure to Marine Electric. should be less than 10%
- Overall Portfolio exposure to Industrial Manufacturing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Marine Electric. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Marine Electric.
116.61%
2.34
49.51%
Sensex
-4.88%
-0.38
13.50%
Quality key factors
Factor
Value
Sales Growth (5y)
27.55%
EBIT Growth (5y)
28.11%
EBIT to Interest (avg)
3.67
Debt to EBITDA (avg)
1.30
Net Debt to Equity (avg)
-0.12
Sales to Capital Employed (avg)
1.65
Tax Ratio
23.19%
Dividend Payout Ratio
10.77%
Pledged Shares
0
Institutional Holding
1.53%
ROCE (avg)
13.33%
ROE (avg)
9.50%
Valuation Key Factors 
Factor
Value
P/E Ratio
82
Industry P/E
15
Price to Book Value
10.87
EV to EBIT
58.99
EV to EBITDA
50.09
EV to Capital Employed
12.23
EV to Sales
5.47
PEG Ratio
1.67
Dividend Yield
0.08%
ROCE (Latest)
18.39%
ROE (Latest)
12.04%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
Technical Movement
16What is working for the Company
PAT(9M)
At Rs 48.53 cr has Grown at 60.82%
NET SALES(9M)
At Rs 746.87 cr has Grown at 22.13%
ROCE(HY)
Highest at 16.51%
OPERATING PROFIT TO INTEREST(Q)
Highest at 6.83 times
-6What is not working for the Company
INTEREST(Latest six months)
At Rs 11.67 cr has Grown at 40.26%
Loading Valuation Snapshot...
Here's what is working for Marine Electric.
Profit After Tax (PAT) - Latest six months
At Rs 36.75 cr has Grown at 47.07%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Operating Profit to Interest - Quarterly
Highest at 6.83 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales - Latest six months
At Rs 536.64 cr has Grown at 28.47%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Here's what is not working for Marine Electric.
Interest - Latest six months
At Rs 11.67 cr has Grown at 40.26%
over previous Half yearly periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)






