The shares of integrated technical services providers gained up to 4 percent after the company received a prestigious order from the Ministry of Defence, Sri Lanka, valued at Rs 14.54 crore.
With a market capitalization of Rs 2,998.23 crore, the shares of Marine Electricals (India) Ltd were trading at Rs 226 per share, decreasing around 0.11 percent as compared to the previous closing price of Rs 226.25 apiece.
Reason for rise:-
According to the company filing, Marine Electricals (India) Ltd received a prestigious order from the Ministry of Defence, Sri Lanka for procurement of supply, installation testing & commissioning of marine diesel engines and gearboxes associated accessories for Sri Lanka Navy Ships, valued at Rs 14.54 crore. The order shall be within a period of 8 months.
Company financial:-
Examining the company’s financials condition, revenue jumped by 36 percent from Rs 101.07 crore in Q4FY23 to Rs 138.46 Q4FY24 but during the same time frame, net profit magnified exceptionally by 100 percent from Rs 3.52 crore to Rs 7.05 crore.
Robust order book:-
Marine Electricals currently has a robust order book valued at ₹540 crore, which positions it well for sustained revenue growth. Additionally, the company has received significant orders recently, indicating strong demand for its products and services.
Remarkable return & client base:-
The stock gave a multi-bagger return of 154 percent in six months and 271.17 percent in just a year. If an investor invested Rs 1 lakh a year ago, it would now be worth Rs 3.71 lakh.
The company has a stronge client base which includes Mazagon Dock Shipbuilders Ltd, Goa Shipyard, L3 Technology, Oil and Natural Gas Corporation Ltd and others.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold 68.45 percent of the stake, the Public holds 31.19 percent of the shares, and the remaining 0.29 percent of the stakes are held by Foreign Institutional Investors (FIIs).
Ratio analysis:-
The company’s critical ratios show that the return on equity zoomed from 8.15 percent in FY22-23 to 10.33 percent in FY23-24, while the return on capital employed magnified from 14.47 percent to 16.86 percent. The net profit margin (NPM) for fiscal year 23-24 is 4.11percent.
Company snapshot:-
Marine Electricals (India) Limited is an India-based integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The Company operates through two segments: electricals and electronics and solar.
Also Read: 3 Stocks in which promoters sold their stake by up to 11.20%
Written by:- Abhishek Singh
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