This small-cap Stock, engaged in providing advanced electrical and automation solutions for marine, defence, and industrial sectors across domestic and international markets, jumped 4 percent after receiving an order worth Rs. 6 crore from the Indian Navy Material Organisation.
With a market capitalization of Rs. 3,089.82 crores, the share of Marine Electricals (India) Limited has reached an intraday high of Rs. 232.95 per equity share, rising nearly 4.11 percent from its previous day’s close price of Rs. 223.76. Since then, the stock has retreated and is currently trading at Rs. 223.99 per equity share.
Marine Electricals (India) Limited has received an order worth Rs. 5.71 crores from the Indian Navy Material Organisation for supplying an Integrated Bridge System. The delivery will be completed within six months. This development supports the company’s growth and strengthens its relationship with the defence sector.
The company has total orders worth Rs. 497 crore. Out of this, Rs. 294 crore (59 percent) comes from the Marine sector, and Rs. 203 crore (41 percent) comes from the Industry sector as of 2024. This means the Marine sector makes up a bigger part of the company’s orders than the Industry sector.
Marine Electricals (India) Limited was started in 1978. The company offers electrical and automation solutions for both the marine and industrial sectors. It provides equipment for ships, the defence sector, and industries such as oil, gas, and data centers.
The company has a strong network with 14 service centers along India’s coast and 18 sales and representative offices across India and the Middle East. It has 8 manufacturing plants located in Goa, Mumbai, Chennai, UAE, and Italy, with a total area of 3 lakh square feet.
Marine Electricals (India) Limited serves many well-known clients in the marine and industrial sectors. Some of its major customers include the Indian Navy, ONGC, AdaniConnex, P&G, Nestle, and metro rail projects in Pune, Chennai, and Bangalore. This shows the company’s strong reputation and presence in both Indian and international markets.
Coming into financial highlights, Marine Electricals (India) Limited’s revenue has increased from Rs. 237 crore in Q4 FY24 to Rs. 251 crore in Q4 FY25, which has grown by 5.91 percent. The net profit has also grown by 16.67 percent, from Rs. 12 crore in Q4 FY24 to Rs. 14 crore in Q4 FY25.
Marine Electricals (India) Limited’s revenue and net profit have grown at a CAGR of 23.87 percent and 44.65 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 16.3 percent and 11.6 percent, respectively. Marine Electricals (India) Limited has an earnings per share (EPS) of Rs. 2.79, and its debt-to-equity ratio is 0.14x.
Written By – Nikhil Naik
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