Synopsis :
Marine Electricals is in focus after bagging a Rs. 17.36 crore domestic order from Allweiler India for supplying control panels, with deliveries over 36 months.
A small-cap company engaged in electrical automation and ICT solutions is in the spotlight after securing a new domestic work order worth Rs. 17.36 crore for supplying of the control panels.
With the market capitalization of Rs. 2,406 crore, the shares of Marine Electricals (India) Limited is trading at Rs. 174.40, up by 1.88 percent from its previous day’s close price of Rs. 171.18 per equity share, and it has reached a high of Rs. 176.89 on the same trading day.
Work Order
The company received a Rs. 17.36 crore order from Allweiler India to supply control panels. The deliveries will take place over the next 36 months, adding to the company’s growing order book and strengthening its position in the electrical solutions market.
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About the Company & Others
Marine Electricals, founded in 1978, is a diversified, integrated technical services provider serving the Navy, Coast Guard, shipyards, industries, ports, and electric vehicles. The company provides a wide range of electrical switchgear, automation solutions, and EV chargers (3.3 kW to 240 kW) that are supported by its in – house app Bijlify.
With expertise in electrical automation, power electronics, and ICT solutions, it operates offices and service centers in 14 key locations across India and serves clients all over the world.
A return on equity (ROE) of about 11.7 percent and a return on capital employed (ROCE) of about 16.3 percent demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 55.6x as compared to its industry P/E 37.2x. The debt-to-equity ratio stands at 0.14.
For Q1 FY26, its revenue from operations grew by 21.01 percent from Rs. 138 crore in Q1 FY25 to Rs. 167 crore in Q1 FY26, accompanied by profits increased by 71.43 percent from Rs. 7 crore in Q1 FY25 to 12 crore in Q1 FY26.
Written by Akshay Sanghavi
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