Synopsis :- Technical service provider stock is in the spotlight today after receiving multiple domestic orders.
A small-cap technical services provider in the fields of electrical automation and information and communication technology solutions, is in the spotlight today after receiving multiple orders worth Rs. 174.60 crore.
With the market capitalization of Rs. 3,420.33 crore, the shares of Marine Electricals (India) Ltd is trading at Rs. 247.95, up by 4.14 percent from its previous day’s close price of Rs. 238.10 per equity share.
What’s the News?
Marine Electricals (India) Limited has received new orders totaling Rs. 174.60 crore (excluding taxes) from multiple clients across key sectors.
The company has received an order from SIEMENS Limited for the supply of a power distribution system for a global hyperscaler’s JUI1A Data Center Project, which will be executed over a period of 12 months.
Another order has been secured from Hindustan Shipyard Limited for carrying out electrical works on board Vessel 11200, scheduled for completion within 36 months.
Additionally, Equinix India Private Limited has awarded an order for the supply, installation, testing, and commissioning of power distribution systems for its MB3.2 Data Center Project, to be completed in four months.
With these new contracts, Marine Electricals Limited’s current order book position stands at approximately Rs. 966 crore, reinforcing its strong market presence and execution capabilities in the electrical and power distribution segment.
About the Company
Marine Electricals (India) Limited, founded in 1978 and based in Mumbai, manufactures and supplies a wide range of marine and industrial electrical and electronic components in India and internationally. The company serves marine, defence, and commercial sectors with advanced electrical, hybrid, and software solutions.
Its offerings include power generation and distribution systems, internal communication and propulsion systems, marine LED lighting, motors, defence solutions, navigation and control systems, switchboards, busducts, integrated powering solutions, and maritime domain awareness products.
A return on equity (ROE) of about 11.6 percent, a return on capital employed (ROCE) of about 16.1 percent and debt to equity ratio at 0.14 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 73.5x higher as compared to its industry P/E 35.3x.
Marine Electricals (India) Limited reported a strong performance in Q2FY26 with revenue rising to Rs. 222 crore, reflecting a 21 percent year-on-year (YoY) increase from Rs. 184 crore in Q2FY25 and a 33 percent quarter-on-quarter (QoQ) growth from Rs. 167 crore in Q1FY26. Profit also improved to Rs. 17 crore, marking a 31 percent YoY rise from Rs. 13 crore and a 42 percent QoQ increase from Rs. 12 crore, indicating robust operational momentum and improved profitability.
Written by Akshay Sanghavi
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