This small-cap defence stock, engaged in delivering electrical and automation solutions for the marine and industrial sectors, focusing on ships, defence, and industries like oil and gas, jumped 5 percent after receiving an order worth Rs. 7.30 crore from DC Development Noida Limited for power Projects.
With a market capitalization of Rs. 2,567.15 crores, the share of Marine Electricals (India) Limited has reached an intraday high of Rs. 187.29 per equity share, rising nearly 4.52 percent from its previous day’s close price of Rs. 179.19. Since then, the stock has retreated and is currently trading at Rs. 185.61 per equity share.
Order: Marine Electricals (India) Limited has secured a new order worth Rs. 7.30 crore from DC Development Noida Limited. The contract involves the supply, installation, testing, and commissioning of a power distribution system. The project is scheduled to be completed over a period of five months.
The company has a total order book of Rs. 497 crore. Out of this, Rs. 294 crore comes from the Marine sector, which accounts for 59 percent of the total orders, and Rs. 203 crore comes from the Industry sector, which accounts for 41 percent of the orders. So, the Marine sector has a larger share of the company’s orders compared to the Industry sectors.
Marine Electricals (India) Limited was founded in 1978 and provides electrical and automation solutions for the marine and industrial sectors. It supplies equipment for ships, defence, and industries like oil, gas, and data centers.
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The company operates a robust network with 14 service centers along India’s coastal locations and 18 sales and representative offices across India and the Middle East. Its manufacturing capabilities include 8 plants across Goa, Mumbai, Chennai, UAE, and Italy, covering a total area of 3 lakh sq. ft.
Marine Electricals (India) Limited serves a wide range of reputed clients across the marine and industrial sectors. Key customers include the Indian Navy, ONGC, AdaniConnex, P&G, Nestle, and metro rail projects in Pune, Chennai, and Bangalore, highlighting the company’s trusted expertise and strong presence in both domestic and international markets.
Coming into the financial highlights, Marine Electricals (India) Limited’s revenue has increased from Rs. 146.65 crore in Q3 FY24 to Rs. 193.80 crore in Q3 FY25, which has grown by 32.15 percent. The net profit has decreased by 10.15 percent, from Rs. 5.32 crore in Q3 FY24 to Rs. 4.78 crore in Q3 FY25.
Marine Electricals (India) Limited’s revenue and net profit have grown at a CAGR of 24.01 percent and 44.28 percent, respectively, over the last four years. In terms of return ratios, the company’s ROCE and ROE should be 15.4 percent and 11.2 percent, respectively. Marine Electricals (India) Limited has an earnings per share (EPS) of Rs. 2.79, and its debt-to-equity ratio is 0.23x.
Written by – Nikhil Naik
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