Marinetrans India Ltd.

•

marinetrans.inBSE: -NSE: MARINETRAN

Market Cap₹ 20 Cr.

Current Price

High / Low₹ 28 / 13

Stock P/E63.0

Book Value₹ 20

Price to Book1.65

Dividend Yield0.00 %

ROCE5.7 %

ROE1.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Domestic: 100.0%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 3.1x

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.60x)
Company has a low return on equity of 8.4% over last 3 years
Interest coverage is weak at 1.6x - earnings barely cover interest
Working capital days have increased from 35 to 71 days
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	505.80	31.02	38522.64	1.70	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	451.00	361.29	33793.18	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	255.05	133.96	14964.56	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	585.40	63.17	10664.07	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	856.45	14.41	6580.20	1.17	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	128.95	87.86	5689.58	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.87	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	399.70	103.12	3968.12	0.63	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	23.81	47.44	3671.33	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.58	10.96	2677.09	6.07	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	535.25	24.95	2057.72	1.31	20.49	5.24	313.40	9.29	13.92	10.03
12.	MARINETRAN	16.10	63.04	20.49	0.00	—	—	—	—	5.49	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	122	96	203	150	106
	121	95	200	148	105
Operating Profit	1	1	3	2	2
OPM %	0.57%	1.32%	1.41%	1.65%	1.50%
	0	0	0	0	0
Interest	1	0	0	0	1
Depreciation	0	0	0	0	0
Profit before Tax	0	1	2	2	1
Tax %	34.94%	27.76%	25.77%	26.55%	44.42%
Net Profit	0	1	2	2	0
EPS	0.00	0.00	2.18	1.79	0.26
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -26%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 1%

RETURN ON EQUITY

10 Years:: —
5 Years:: 7%
3 Years:: 8%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0	0	0	9	13
	11	12	14	8	13
	3	2	3	6	7
Trade Payables	9	6	5	4	9
	1	0	1	1	1
Total Liabilities	25	22	23	26	42
	0	0	0	0	1
	0	0	0	0	25
Cash & Bank	1	2	1	2	2
	24	20	22	24	14
Total Assets	25	22	23	26	42

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	2	2	-0	-8
Cash from Investing	1	0	-0	-0	-1
Cash from Financing	-1	-1	-0	3	9
	-1	1	-1	2	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024

Shareholding Pattern

Numbers in percentages

	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Sep 2025	Mar 2026	Jun 2026
	67.00	67.00	67.00	67.00	67.00	67.09	67.09
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	33.00	33.00	33.00	33.00	33.00	32.91	32.91

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for MARINETRAN

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Marinetrans India Ltd.

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Name

CONCOR

505.80

31.02

38522.64

1.70

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

451.00

361.29

33793.18

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

255.05

133.96

14964.56

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

585.40

63.17

10664.07

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

856.45

14.41

6580.20

1.17

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

128.95

87.86

5689.58

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.87

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

399.70

103.12

3968.12

0.63

27.83

394.81

2002.88

23.29

10.40

5.76

SINDHUTRAD

23.81

47.44

3671.33

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.58

10.96

2677.09

6.07

512.68

724.44

5492.97

897.94

17.99

21.31

TCIEXP

535.25

24.95

2057.72

1.31

20.49

5.24

313.40

9.29

13.92

10.03

MARINETRAN

16.10

63.04

20.49

0.00

—

5.49

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

122

203

150

106

121

200

148

105

Operating Profit

OPM %

0.57%

1.32%

1.41%

1.65%

1.50%

Interest

Depreciation

Profit before Tax

Tax %

34.94%

27.76%

25.77%

26.55%

44.42%

Net Profit

EPS

0.00

2.18

1.79

0.26

Dividend Payout %

0.00%

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Equity Capital

Trade Payables

Total Liabilities

Cash & Bank

Total Assets

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

-1

-0

-8

Cash from Investing

-0

-1

Cash from Financing

-1

-0

-1

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Sep 2024

Dec 2024

Mar 2025

Sep 2025

Mar 2026

Jun 2026

67.00

67.09

FIIs

0.00

DIIs

0.00

Government

0.00

33.00

32.91

Marinetrans India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Marinetrans India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI