Synopsis:
Marine Electricals has received orders worth ₹16.55 crores from Goa Shipyard and ArcelorMittal Nippon Steel. The orders involve the supply of Data and Power Distribution Systems, to be delivered over 24 and 9 months, respectively.
The shares of the Electrical company specializing in providing integrated technical services in the fields of electrical automation and information jumped by up to 4 percent upon receiving a work orders worth Rs. 16.55 crores.
With a market capitalization of Rs. 2,704.26 crores on Friday, the shares of Marine Electricals Limited jumped upto 4.1 percent, making a high of Rs. 191.72 per share compared to its previous closing price of Rs. 199.68 per share.
What happened
Marine Electricals Limited is engaged in providing integrated technical services in the fields of electrical automation and information, has informed that the company has secured new orders totaling ₹16.55 crores (excluding taxes).
The first order has been received from Goa Shipyard Limited for the supply of a Data Distribution System, which is scheduled to be delivered over a period of 24 months. The second order has been awarded by ArcelorMittal Nippon Steel India Private Limited for the supply of a Power Distribution System for their RMHS Project, with delivery expected over a period of 9 months.
Financials & Others
The company’s revenue rose by 20.60 percent from Rs. 138 crore to Rs. 167 crore in Q1FY25-26. Meanwhile, Net profit rose from Rs. 7 crore to Rs. 12 crore during the same period.
The company has shown strong financial performance, delivering a profit growth of 46.4% CAGR over the last 5 years. It maintains a healthy ROCE of 16.3%, indicating efficient use of capital, and has a low debt-to-equity ratio of 0.14, reflecting strong financial stability with minimal debt.
Marine Electricals, established in 1978, serves various sectors, including the Navy, Coast Guard, shipyards, commercial establishments, ports, and electric vehicles. The company is a leading provider of electrical automation, power electronics, and communication technology solutions.
It offers a wide range of electrical switchgears like MV Panels, LV PCCs, iMCCs, and bus trunking systems. It also provides automation solutions, including remote monitoring, EMS, and IBMS. Additionally, the company manufactures EV chargers (3.3 kW to 240 kW) and offers an in-house charging management app, Bijlify.
The company operates globally with a strong presence in India, having offices and service centers at over 14 key locations. It boasts a skilled team of over 1,000 employees, 8 manufacturing plants, 14 service centers, and 18 sales and representative offices.
Marine Electricals operates across multiple business verticals, including Defence & Marine Solutions, Industry Solutions, Vessel Traffic Management Systems, and Electric Vehicle Charging Solutions. These diverse offerings reflect the company’s strong presence in both traditional infrastructure and emerging technology sectors.
Written by Sridhar J
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