Stox
60
Marine Electricals (India) Limited
NSE: MARINE · Unclassified
₹391.30-11.56%06 Nov 2026
Ask the data
Instant answers about Marine Electricals (India) Limited — computed from its filings, no language modelMarket cap₹5,476 cr
Current price₹391.30
High / Low₹479 / ₹152
P/E69.0
P/B10.16
Book value₹38.5
ROE14.7%
ROCE20.8%
Debt / equity0.12
Dividend yield0.08%
EPS (TTM)₹5.67
Face value₹2
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Revenue | 251.3 | 376.3 | 442.9 | 622.1 | 767.1 | 876.9 |
| EBITDA | 27.2 | 31.2 | 38.6 | 51.8 | 68.7 | 94.5 |
| Operating margin | 10.8% | 8.3% | 8.7% | 8.3% | 9.0% | 10.8% |
| Interest | 8.9 | 7.3 | 9.9 | 12.4 | 14.1 | 19.0 |
| Depreciation | 9.1 | 9.3 | 8.1 | 10.4 | 15.6 | 14.8 |
| Profit before tax | 16.9 | 19.5 | 25.1 | 36.3 | 52.4 | 75.8 |
| Tax | 3.4 | 5.6 | 8.3 | 10.6 | 14.3 | 17.1 |
| Net profit | 12.9 | 13.0 | 17.0 | 25.9 | 38.4 | 58.4 |
| EPS ₹ | 1.14 | 1.06 | 1.38 | 2.02 | 2.83 | 4.22 |
| Operating cash flow | — | 47.1 | -2.1 | -7.4 | 55.4 | -16.1 |
| Capex | — | 11.9 | 23.0 | 24.2 | 21.8 | 28.3 |
| Dividend paid | — | 2.4 | 0.0 | 0.0 | 2.6 | 4.1 |
| Total assets | — | — | 465.7 | 615.7 | 724.7 | 890.5 |
| Equity | — | — | 208.4 | 250.7 | 403.7 | 492.9 |
Quarterly performance
last 24 quarters · ₹ crore| DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 67.4 | 89.6 | 65.1 | 107.4 | 109.8 | 94.1 | 82.6 | 90.4 | 126.8 | 143.1 | 101.1 | 137.3 | 146.7 | 237.1 | 138.5 | 184.1 | 193.8 | 250.7 | 167.0 | 222.2 | 210.2 | 277.5 | 259.2 | 404.6 |
| Operating profit | 4.1 | 13.0 | 4.0 | 7.6 | 9.1 | 10.5 | 5.9 | 7.9 | 13.9 | 10.8 | 9.7 | 10.1 | 11.5 | 20.4 | 13.3 | 21.4 | 11.5 | 22.4 | 16.9 | 25.9 | 20.1 | 31.5 | 28.2 | 49.5 |
| Operating margin | 6.1% | 14.5% | 6.1% | 7.1% | 8.3% | 11.2% | 7.1% | 8.8% | 11.0% | 7.6% | 9.6% | 7.4% | 7.8% | 8.6% | 9.6% | 11.6% | 5.9% | 8.9% | 10.1% | 11.6% | 9.6% | 11.4% | 10.9% | 12.2% |
| Other income | 4.9 | 1.4 | 0.9 | 1.7 | 1.4 | 0.9 | 1.8 | 1.6 | 0.1 | 1.1 | 0.7 | 1.7 | 1.2 | 3.5 | 3.0 | 2.0 | 4.5 | 3.8 | 5.2 | 3.9 | 3.7 | 3.5 | 4.3 | 3.5 |
| Interest | 2.2 | 2.5 | 1.8 | 1.7 | 1.7 | 2.0 | 2.0 | 2.7 | 2.5 | 2.8 | 2.7 | 2.6 | 3.2 | 3.9 | 3.4 | 3.6 | 3.8 | 3.4 | 3.2 | 3.9 | 4.5 | 7.5 | 4.1 | 4.9 |
| Depreciation | 2.3 | 2.2 | 2.2 | 2.4 | 2.4 | 2.4 | 1.9 | 2.0 | 2.0 | 2.2 | 2.2 | 2.4 | 2.5 | 3.2 | 3.4 | 3.7 | 4.1 | 4.4 | 3.5 | 3.6 | 3.8 | 3.9 | 4.6 | 5.1 |
| Profit before tax | 4.5 | 9.6 | 0.8 | 5.2 | 6.3 | 7.1 | 3.8 | 4.8 | 9.5 | 6.9 | 5.6 | 6.8 | 7.0 | 17.0 | 9.7 | 16.2 | 8.0 | 18.5 | 15.5 | 22.3 | 15.6 | 22.4 | 23.8 | 43.1 |
| Tax | 0.8 | 2.0 | 0.3 | 1.2 | 2.0 | 2.3 | 0.9 | 1.9 | 2.4 | 3.0 | 2.1 | 2.1 | 1.6 | 4.8 | 2.6 | 3.5 | 3.2 | 4.9 | 3.9 | 5.7 | 3.7 | 3.8 | 6.2 | 11.0 |
| Net profit | 3.7 | 6.8 | 0.5 | 3.8 | 4.2 | 4.5 | 2.6 | 2.9 | 7.3 | 4.1 | 3.6 | 4.7 | 5.3 | 12.7 | 7.1 | 12.7 | 4.8 | 13.4 | 11.6 | 16.5 | 11.8 | 18.5 | 17.3 | 31.8 |
| EPS ₹ | 1.50 | 0.63 | -0.03 | 0.31 | 0.34 | 0.37 | 0.21 | 0.24 | 0.60 | 0.34 | 0.28 | 0.37 | 0.39 | 0.97 | 0.54 | 0.95 | 0.39 | 0.97 | 0.84 | 1.20 | 0.85 | 1.33 | 1.23 | 2.27 |
| Revenue YoY | — | — | — | — | 62.8% | 5.0% | 26.9% | -15.9% | 15.5% | 52.2% | 22.4% | 52.0% | 15.7% | 65.7% | 37.0% | 34.1% | 32.2% | 5.8% | 20.6% | 20.7% | 8.5% | 10.7% | 55.2% | 82.1% |
| Profit YoY | — | — | — | — | 14.8% | -33.3% | 471.7% | -23.1% | 73.8% | -8.0% | 36.1% | 59.7% | -27.1% | 206.0% | 99.2% | 171.8% | -10.0% | 5.6% | 62.8% | 29.6% | 145.9% | 38.1% | 48.8% | 92.8% |
Returns & margins
trailing-twelve-month, per quarter| SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | 7.5% | 9.2% | 8.2% | 8.6% | 8.8% | 8.0% | 10.5% | 11.9% | 9.8% | 9.7% | 9.4% | 10.5% | 10.8% | 12.4% | 11.8% | 13.0% | 14.7% |
| ROCE | — | — | — | — | 12.2% | 13.8% | 12.8% | 13.7% | 13.5% | 12.9% | 14.1% | 15.5% | 13.7% | 14.1% | 14.7% | 15.9% | 16.3% | 18.0% | 16.4% | 18.0% | 20.8% |
| Net margin | 4.5% | 4.1% | 3.4% | 3.8% | 3.8% | 4.4% | 3.8% | 3.9% | 3.9% | 3.4% | 4.2% | 4.5% | 5.4% | 5.0% | 5.0% | 5.3% | 5.5% | 6.3% | 6.7% | 6.6% | 6.9% |
| EBITDA margin | 8.7% | 9.1% | 8.3% | 8.4% | 8.9% | 9.7% | 8.7% | 9.2% | 8.8% | 8.0% | 8.3% | 8.4% | 9.4% | 8.9% | 9.0% | 9.1% | 9.2% | 10.0% | 10.8% | 10.9% | 11.2% |
| Debt / equity | — | — | — | — | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.38 | 0.38 | 0.21 | 0.21 | 0.12 | 0.12 | 0.12 | 0.12 | 0.17 | 0.17 | 0.12 |
| Interest coverage | 3.42 | 3.81 | 3.67 | 4.02 | 3.63 | 3.76 | 3.52 | 3.53 | 3.73 | 3.32 | 3.93 | 4.09 | 4.54 | 4.49 | 4.72 | 5.19 | 5.55 | 5.85 | 4.98 | 5.20 | 5.99 |
| Asset turnover | — | — | — | — | 0.92 | 0.96 | 0.95 | 0.99 | 0.96 | 0.99 | 1.01 | 1.07 | 0.98 | 1.05 | 1.06 | 1.10 | 1.10 | 1.12 | 0.98 | 1.09 | 1.05 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 24.5 | 25.3 | 25.6 | 26.5 | 27.6 | 27.6 | 27.6 | 28.0 | 28.0 |
| Other equity / reserves | 164.8 | 183.1 | 197.2 | 224.2 | 356.7 | 376.1 | 402.3 | 464.9 | 510.8 |
| Total equity | 189.3 | 208.4 | 222.8 | 250.7 | 384.3 | 403.7 | 429.9 | 492.9 | 538.8 |
| Borrowings | 58.8 | 65.1 | 68.5 | 95.5 | 80.6 | 49.5 | 51.0 | 84.2 | 67.2 |
| Current liabilities | 191.1 | 223.8 | 276.0 | 327.8 | 296.5 | 286.0 | 291.9 | 357.4 | 500.7 |
| Non-current liabilities | 24.4 | 27.1 | 26.2 | 32.4 | 35.3 | 30.6 | 28.7 | 31.4 | 46.9 |
| Total assets | 410.0 | 465.7 | 531.4 | 615.7 | 720.9 | 724.7 | 758.9 | 890.5 | 1,095.7 |
| Property, plant & equipment | 38.0 | 37.7 | 39.3 | 43.1 | 48.5 | 49.4 | 51.1 | 51.0 | 79.0 |
| Capital work-in-progress | 0.0 | — | 0.4 | 3.1 | 7.0 | 5.4 | 12.5 | 13.5 | 13.5 |
| Investments | 3.1 | 3.5 | 3.4 | 6.0 | 6.2 | 6.0 | 3.5 | 3.5 | 3.5 |
| Inventories | 79.2 | 63.8 | 110.8 | 92.3 | 100.9 | 78.9 | 89.0 | 85.2 | 149.7 |
| Receivables | 167.5 | 226.1 | 227.9 | 317.0 | 290.8 | 330.8 | 315.7 | 427.7 | 544.5 |
| Cash & equivalents | 9.8 | 2.9 | 6.4 | 6.5 | 22.2 | 18.4 | 22.7 | 22.3 | 9.2 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 47.1 | -2.1 | -7.4 | 55.4 | -16.1 |
| Cash from investing | -18.7 | -27.7 | -21.0 | -95.3 | -17.2 |
| Cash from financing | -31.2 | 31.3 | 31.9 | 51.7 | 37.1 |
| Capex | 11.9 | 23.0 | 24.2 | 21.8 | 28.3 |
| Free cash flow | 35.2 | -25.1 | -31.5 | 33.7 | -44.3 |
| Dividends paid | 2.4 | 0.0 | 0.0 | 2.6 | 4.1 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹79.0 cr7%
CWIP₹13.5 cr1%
Investments₹3.5 cr0%
Inventories₹149.7 cr14%
Receivables₹544.5 cr50%
Cash & equivalents₹9.2 cr1%
Other assets₹296.2 cr27%
Peer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| Marine Electricals (India) Limited | 5,476 | 391.30 | 69.0 | 10.16 | 14.7% |
StoxGud checklist: Neutral setup · 6/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-17.9%
6 months+66.0%
1 year+68.4%
3Y CAGR+69.8%
5Y CAGR+64.0%
10Y CAGR—
50-day avg₹422.03
200-day avg₹280.76
RSI (14)41
FAQs
What is the share price of Marine Electricals (India) Limited?
Marine Electricals (India) Limited (MARINE) closed at ₹391.30 on NSE on 06 Nov 2026.
What is the market cap of Marine Electricals (India) Limited?
₹5,476 crore at the latest close.
What is the P/E ratio of Marine Electricals (India) Limited?
69.0, on trailing-twelve-month earnings from its filings.
How fast is Marine Electricals (India) Limited growing?
Marine Electricals (India) Limited: revenue has compounded at 25.6% a year over three years; net profit at 50.9% a year. Latest-quarter revenue is up 82.1% year on year, profit up 92.8%.
How profitable is Marine Electricals (India) Limited?
On a trailing-twelve-month basis return on equity is 14.7%, return on capital employed 20.8%, operating margin 11.2%, net margin 6.9%.
How much debt does Marine Electricals (India) Limited have?
Marine Electricals (India) Limited is lightly geared: debt to equity is 0.12 with borrowings of ₹67 cr against cash of ₹9 cr (balance sheet of 2026-09-30). Operating profit covers interest 6.0 times.
Financials parsed from Marine Electricals (India) Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '20, annual from FY21, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Marine Electricals (India) Limited · advanced chart