This Market Leader stock, which deals in the business of integrated technical services in the fields of electrical automation, communication and information technology solutions, is in focus after receiving an order worth ~Rs. 10.22 crore from Prasa Infocomm.
Share Price Movement
In Tuesday’s trading session, Marine Electricals (India)‘s share price was down by 4.08 percent touching the day’s low of Rs. 138.90. The stock reiterated from the day’s low and was trading at Rs. 144.00 which is 0.57 percent lower from the previous close of Rs. 144.82 per share.
In the past year, the stock has delivered a 42 percent return and has outperformed the Nifty Index.
What Happened
The company’s stock is in focus after Marine Electricals (India) filing revealed that they have received an order valued at ~Rs. 10.22 crore from Prasa Infocom & Power Solutions for the supply and installation of LV Panel. The Delivery shall be over in 3 months.
This order is not related to any promoter or promoter group interests and does not fall under the related party transactions.
Financials & Revenue segments
In its latest filing for the quarter ending December 2024, the company reported a 32.15 percent increase in revenue, reaching Rs. 193.80 crore compared to Rs. 146.65 crore in Q3FY24. During the same period, net profit declined by 10.15 percent to Rs. 4.78 crore in Q3FY25, compared to Rs. 5.32 crore in Q3FY24.
Marine Electricals (India) earns around 49.17 percent from the Marine (Navigational equipment in new ship building) Business and the 50.82 percent from the Industry (Data Center, Industrial and Large Buildings) segment for the December 2024 quarter.
Market Share across Segments
The company has a market share of around 50 percent in the Marine Business focused on the Electrical segment. They are Tier-1 Electrical supplier and approved vendor list with Indian Navy, Indian and Global Shipyards. As per its recent Investor Presentation, the company has mentioned that Marine Business has a high entry barrier.
They have more than 50 percent market share in Schneider Electrical’s Blosket Panels supplied in India. The company is growing in the Data Center segment, which requires consistent power supply.
Company Profile
Marine Electricals (India) Limited is an integrated technical services provider specializing in electrical automation, power electronics, and communication technology solutions. The company was established in 1978, and serves marine, industrial, and renewable sectors with a strong presence in India and internationally.
Its major clients include Adani Connex (Data Centers), Pepsico, CEAT, Hindustan Unilever, Procter and Gamble, Grasim Industries, Garden Reach Shipbuilders & Engineers, Boeing, Suzlon, Cummins, STTelemedia Global Data Centers, Mahindra and others.
Written by Santhosh S
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