Marine Electrical (I) Ltd
NSE: MARINE · Other · sector
₹388.10NSE close 2026-10-26
Key numbers
Market cap₹5,431 cr
Price₹388.10
52w high / low₹491 / ₹151
P/E84.2xSector median 14.4x
P/B11.0xSector median 1.7x
Book value₹35.2
Dividend yield0.07%Sector median 0.37%
ROE14.3%Sector median 13.8%
ROCE18.0%Sector median 19.6%
OPM10.8%Sector median 10.4%
Debt / equity0.17xSector median 0.29x
EV/EBITDA51.3xSector median 8.4x
Interest cover5.2x
Current ratio2.12x
Sales growth 3y+25.6%Sector median +7.7%
Profit growth 3y+50.9%Sector median +16.6%
PEG1.87x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹148 cr vs borrowings ₹84 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 5.2x in the last 12 months.
- Promoter holding fell by 3.27 percentage points in a year, to 65.19% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 24% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹388.10 on 2026-10-26: -20.9% from the 52-week high, +157.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹455.65 · low ₹144.82
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 184 | 194 | 251 | 167 | 222 | 210 | 277 | 259 |
| EBITDA | 21 | 11 | 22 | 17 | 26 | 20 | 30 | 28 |
| OPM % | 11.6% | 5.9% | 8.9% | 10.1% | 11.6% | 9.6% | 10.9% | 10.9% |
| Other income | 2 | 4 | 4 | 5 | 4 | 4 | 3 | 4 |
| Net profit | 13 | 5 | 13 | 12 | 16 | 12 | 18 | 17 |
| EPS (₹) | 0.95 | 0.39 | 0.97 | 0.84 | 1.20 | 0.85 | 1.33 | 1.23 |
| Revenue YoY | +20.7% | +8.5% | +10.7% | +55.2% | ||||
| Profit YoY | +29.6% | +145.9% | +38.1% | +48.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 376 | 443 | 622 | 767 | 877 | 969 |
| EBITDA | 31 | 39 | 52 | 69 | 93 | 105 |
| Net profit | 13 | 17 | 26 | 38 | 58 | 64 |
| EPS (₹) | 1.06 | 1.38 | 2.02 | 2.83 | 4.22 | 4.61 |
| Revenue growth | +17.7% | +40.5% | +23.3% | +14.3% | +21.8% | |
| Profit growth | +31.0% | +52.4% | +48.4% | +51.9% | +50.6% | |
| Dividend / share (₹) | 0.20 | – | – | 0.20 | 0.30 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +25.6% | +28.4% | +21.8% |
| Net profit | +50.9% | +35.3% | +50.6% |
| EPS | +45.1% | +29.9% | – |
| Share price | – | +37.7% (2y) | +82.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 208 | 251 | 404 | 493 |
| Borrowings | – | 65 | 95 | 50 | 84 |
| Cash & equivalents | – | 19 | 23 | 55 | 148 |
| Total assets | – | 466 | 616 | 725 | 890 |
| Fixed assets | – | 38 | 43 | 49 | 51 |
| Capital work in progress | – | – | 3 | 5 | 14 |
| Investments | – | 3 | 6 | 6 | 3 |
| Receivables | – | 226 | 317 | 331 | 428 |
| Inventory | – | 64 | 92 | 79 | 85 |
| Payables | – | 145 | 215 | 197 | 229 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 47 | -2 | -7 | 55 | -16 |
| Cash from investing | -19 | -28 | -21 | -95 | -17 |
| Cash from financing | -31 | 31 | 32 | 52 | 37 |
| Capex | 12 | 23 | 24 | 22 | 28 |
| Free cash flow | 35 | -25 | -32 | 34 | -44 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.2% | 10.3% | 9.5% | 11.8% |
| ROCE % | – | 12.8% | 14.1% | 14.7% | 16.4% |
| Debtor days | – | 186 | 186 | 157 | 178 |
| Inventory days | – | 71 | 72 | 52 | 50 |
| Payable days | – | 161 | 167 | 129 | 135 |
| Cash conversion cycle (days) | – | 96 | 91 | 80 | 93 |
| Working capital days | – | 111 | 93 | 155 | 166 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 65.19% |
| FIIs | 2.08% |
| DIIs | 1.08% |
| of which Mutual funds | 0.17% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 31.64% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Feb 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 68.45% | 68.46% | 68.54% | 68.54% | 68.20% | 68.20% | 68.20% | 65.19% |
| Promoter group | % |
|---|---|
| KDU Enterprises Private Limited | 44.45% |
| Venkatesh Krishnappa Uchil | 19.85% |
| Vinay Uchil | 0.78% |
| Reshma Mohan Uchil | 0.11% |
| Tanuja Deepak Pudhierkar | 0.00% |
| Switch N Controlgears Pvt. Ltd | 0.00% |
| Eltech Engineers Madras Private Limited | 0.00% |
| Mcgeoch Marine Electricals Pvt. Ltd | 0.00% |
| Philins Industrial Corporation | 0.00% |
| Narhari Engineering Works | 0.00% |
| Automatic Electronic Controls Manufacturing Co | 0.00% |
| Oma Hospital | 0.00% |
| DKM Precision Engineers | 0.00% |
| Win Marine Consultancy Services | 0.00% |
| Voks Ship Management Private Limited | 0.00% |
89,706 shareholders. Pledged: – of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| SAKAR | ₹2,160 cr | 59.9x | 6.7x | 11.8% | 14.8% | 28.5% | +23.6% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Marine | ₹464 cr | 52.9% | ₹40 cr | 8.6% |
| Industry | ₹413 cr | 47.1% | ₹40 cr | 9.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Re 0.30 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 0.30 Per Share |
| 2024-09-20 | Dividend | Dividend - Re 0.2 Per Share |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-09 | Other | Annual General Meeting |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.20 Per Share |
| 2021-02-18 | Split | Face Value Split (Sub-Division) - From Rs 10 Per Share To Rs 2 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing of Electrical equipment, General Purpose and Special purpose Machinery & equipment and other support services to the organization.
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | MARINE |
| BSE code | – |
| ISIN | INE01JE01028 |
| Face value | ₹2.0 |
| Incorporated | 2007-12-04 |
| Website | www.marineelectricals.com |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.