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    Wholesale distributors
Marine Electricals (India) Limited

Marine Electricals (India) Limited

NNSE:MARINE
415.40
INR
-4.65
(-1.11%)
4.63EPS
61.49P/E
39.68BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
17.26
19.19
20.28
22.1
40.96
37.85
21.42
20.46
30.64
35.94
48.42
56.54
63.42
69.8
Basic EPS, GAAP
1.09
0.64
0.75
0.83
1.75
0.87
0.46
1.05
1.06
1.38
2.02
2.83
4.22
4.61
Free Cash Flow per Basic Share
0.99
-0.61
-0.45
-0.38
2.64
-5.83
1.63
-0.2
2.83
-2.09
-2.45
2.48
-3.21
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.2
- -
- -
0.19
0.3
- -
Book Value per Share
3.68
4.36
5.17
6.1
7.79
11.55
12.23
13.29
14.23
16.5
18.9
30.43
35.22
- -
Tangible Book Value per Share
3.49
4.15
4.99
5.93
7.33
11.32
11.93
12.86
13.73
14.65
16.7
28.03
32.15
- -
Basic Weighted Avg Shares
123
123
123
123
90
106
123
123
123
123
128
136
138
139
Sales/Revenue/Turnover
2,117
2,354
2,487
2,711
3,688
3,996
2,627
2,509
3,759
4,420
6,217
7,667
8,764
9,691
Operating Margin (%)
8.49
5.91
6.23
7.51
7.35
4.98
5.43
9.62
6.42
7.41
7.78
8.62
11.11
9.27
Depreciation Expense
16
59
51
52
52
49
96
91
93
81
104
156
148
- -
Net Income, GAAP
134
79
92
102
158
92
56
129
130
170
259
384
584
640
Effective Tax Rate (%)
18.74
29.31
34.14
38.25
28.26
28.84
23.7
20.01
31.7
32.99
29.07
27.28
22.62
23.2
Profit Margin (%)
6.35
3.34
3.7
3.77
4.27
2.31
2.14
5.14
3.45
3.85
4.17
5.01
6.66
6.61
Working Capital
214
232
300
287
403
983
1,018
1,220
1,199
1,351
1,578
3,263
3,988
- -
LT Debt
128
90
88
71
32
141
122
99
50
228
277
245
223
- -
Total Equity
461
547
647
804
1,022
1,476
1,561
1,700
1,816
2,148
2,555
4,081
5,017
- -
Return on Invested Capital (%)
- -
13.01
11.69
11.35
13.95
7.27
4.66
6.85
7.04
8.47
9.48
9.54
11.69
- -
Return on Capital (%)
- -
14.05
12.77
11.7
13.75
7.39
5.24
7.85
6.84
8.6
10.11
11.17
12.41
- -
Return on Common Equity (%)
- -
15.95
15.76
14.79
18.5
7.77
3.85
8.24
7.69
8.88
11.28
11.75
13.02
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
663
- -
LT Borrowings
- -
199
- -
LT Finance Leases
- -
24
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
138
140
140
Market Capitalization
29,912
21,230
39,681

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
7,562
- -
Cash, Cash Equivalents & STI
- -
1,070
- -
Accounts Receivable, Net
- -
4,277
- -
Inventories
- -
852
- -
Total Current Liabilities
- -
3,574
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
663
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.71%
25.34%
22.94%
Free Cash Flow
-334.77%
-424.25%
-231.62%
Net Income, GAAP
29.86%
36.85%
51.88%
Sales/Revenue/Turnover
16.03%
29.13%
14.31%
Total Cash Common Dividend
- -
- -
56.32%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,385
1,841
1,938
2,507
7,667
2026
- -
2,222
2,102
2,775
8,764
2027
2,592
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.54
0.95
0.39
0.97
2.83
2026
- -
1.2
0.85
1.33
4.22
2027
1.23
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.19
2026
- -
- -
- -
- -
0.3
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Venkatesh Krishnappa Uchil
Full Time Employees
711
Sector
Distribution services
Industry
Wholesale distributors
Address
B - 1, Udyog Sadan - 3 Mumbai MH India 400093
IPO Date
Oct 11, 2018
Website
marineelectricals.com
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Business
Marine Electricals (India) Limited manufactures and supplies integrated electrical, automation, and electronic solutions for the marine, industrial, and commercial sectors; operates through two primary segments, Electricals and Electronics, and Solar; founded in 1978 and headquartered in Mumbai, Maharashtra, India. The company provides power generation and distribution systems, navigation and communication (NavCom) solutions, marine lights, motors, integrated platform management systems, electrical propulsion, information technology services, engineering and project management, turnkey electrical installations, repair and maintenance including corrective and preventive services, upgrades, life extensions, and parts supply for electrical power generation, distribution, automation, power management, navigation, and communication systems; additionally offers low- and medium-voltage power distribution solutions, intelligent panel control centers (PCCs), motor control centers (MCCs), energy management systems (EMS), annual maintenance contracts, and solar projects targeting industries such as oil and gas, data centers, banks, airports, metro rails, hotels, hospitals, shipbuilding, and defense. Marine Electricals serves the Indian Navy, commercial shipyards, global shipyards, and international clients with operations across India including manufacturing facilities in Goa and branch offices nationwide, as well as exports to the Middle East, Far East, USA, and Europe; it maintains partnerships with global leaders like Schneider Electric, Siemens, and GE, and is a subsidiary of KDU Enterprises Private Limited with manufacturing capacity exceeding 300,000 square feet and over 500 employees. Recent developments include the completion of a 26% equity acquisition in Xanatech Synergies Private Limited in October 2025, converting it into a wholly owned subsidiary later renamed MEL Shipyard Pvt Ltd in November 2025; securing orders totaling Rs 174.6 crore in November 2025 from Siemens for a data center power system, Hindustan Shipyard for Vessel 11200 electrical works, and Equinix India for a data center power setup, alongside Rs 75.71 crore orders from STT Global, UCSL, Indian Navy, and Tata Projects; expansion into EV charging solutions via partnership with Pune Municipal Corporation; and scaling manufacturing and research capabilities for marine and green energy segments, with order book reaching approximately Rs 966 crore.