This Electronics company is in focus after it received 2 different orders in a single day, totalling to Rs. 82.44 Crore. Following the order announcement, the stock reacted with a 4.47 percent jump.
With a market capitalisation of Rs. 2,995 Crore, Marine Electricals stock opened at Rs. 210.80, around the same level as yesterday’s close. But after opening, it made a high of Rs. 219.90, up 4.47 percent. Additionally, the yearly return for the stock is 113 percent, and the past 5-year return for the stock is 439 percent.
Order Update
Marine Electricals Limited has secured two separate orders from three esteemed entities—Mazagon Dock Shipbuilders, Garden Reach Shipbuilders, and Goa Shipyard—amounting to a total value of ₹82.44 crores.
The first order it received was from Mazagon Dock Shipbuilders worth Rs. 4.97 Crores (excluding taxes), the order is for the supply of spares for the P15B Integrated Bridge System (IBS). The delivery will be completed over a 12-month period.
The 2nd Order it received was from Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard, worth Rs. 77.47 (excluding taxes), the order is for the supply of Integrated Bridge Systems. The deliveries will take place over 27 months. Further, the company clarified that neither order is a related party transaction and that no promoters have any interest in the order.
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About the Company
Established in 1978, Marine Electricals (India) Limited is a Mumbai-based company specialising in integrated electrical and automation solutions for both marine and industrial sectors. The company has evolved into a comprehensive provider of electrical systems, offering services such as power generation and distribution, navigation and communication systems, electrical propulsion, and integrated platform management. Their expertise extends to industries like oil and gas, data centres, airports, hospitals, and smart infrastructure.
The company reported a 31.97 percent YoY increase in revenue from Rs. 147 Crore in Q3FY24 to Rs. 194 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 5.43 percent in revenue from Rs. 184 Crore in the previous quarter.
Their Net profit saw a decrease of 10.15 percent YoY from Rs. 5.32 Crore to Rs. 4.78 Crore for the same period. On a QoQ basis, the company reported a decrease of 62.53 percent in Net profit from Rs. 12.76 Crore in the previous quarter.
Written By Abhishek Das
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