Synopsis:
Technical service provider stock is in the spotlight today after receiving an order worth Rs. 29.68 crore.
A small-cap technical services provider in the fields of electrical automation and information and communication technology solutions, is in the spotlight today after receiving an order worth Rs. 29.68 crore.
With the market capitalization of Rs. 2,971.32 crore, the shares of Marine Electricals (India) Ltd closed at Rs. 215.40, down by 3.88 percent from its previous day’s close price of Rs. 224.10 per equity share.
What’s the News?
The company has received orders amounting to Rs. 29.68 Cr (Excluding Taxes) from Equinix India Private Limited for supply, testing and commissioning of power distribution system delivery shall be over a period of seven months. As of March 2025, the company’s order book stands at Rs. 524 crore.
Also Read: Defence stock in focus after securing ₹20 Cr order for Hull, Engine Deck, and Turret Assembly
About the Company
Marine Electricals (India) Limited, founded in 1978 and based in Mumbai, manufactures and supplies a wide range of marine and industrial electrical and electronic components in India and internationally. The company serves marine, defence, and commercial sectors with advanced electrical, hybrid, and software solutions.
Its offerings include power generation and distribution systems, internal communication and propulsion systems, marine LED lighting, motors, defence solutions, navigation and control systems, switchboards, busducts, integrated powering solutions, and maritime domain awareness products.
A return on equity (ROE) of about 11.6 percent, a return on capital employed (ROCE) of about 16.1 percent and debt to equity ratio at 0.14 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 69.5x higher as compared to its industry P/E 35.5x.
The company reported Q1FY26 revenue of Rs. 167 crore, up 21 percent YoY from Rs. 138 crore in Q1FY25 but down 33.5 percent QoQ from Rs. 251 crore in Q4FY25. Profit rose 71 percent YoY to Rs. 12 crore from Rs. 7 crore in Q1FY25, though it declined 14.3 percent QoQ from Rs. 14 crore in Q4FY25.
Written by Akshay Sanghavi
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