Marine Electricals (India) Ltd.
•₹ 375.650.64%
2026-08-21
PROS
- Company has delivered good profit growth of 53.9% CAGR over last 5 years
- Company is almost debt free
- Latest quarter profit grew 53.6% YoY, showing strong momentum
- Company has delivered good sales growth of 27.7% CAGR over last 5 years
CONS
- A large part of profit comes from other income (27.2% of PBT)
- Promoter holding has decreased over last 2 years: -3.0pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.46x)
- Working capital days have increased from 84 to 147 days
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 12.5%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7400.00 | 52.48 | 156812.20 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33550.00 | 0.00 | 149540.28 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3880.10 | 42.19 | 138178.32 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 862.90 | 108.75 | 135945.59 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3483.60 | 0.00 | 124058.14 | 0.11 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4119.00 | 564.77 | 105465.57 | 0.24 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1278.00 | 49.11 | 80202.38 | 0.78 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2688.00 | 20.26 | 77320.68 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16607.65 | 58.86 | 69540.11 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 46.78 | 20.45 | 64302.09 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1254.75 | 0.00 | 30001.58 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | MARINE | 371.45 | 81.19 | 5198.24 | 0.00 | 17.51 | 51.00 | 259.16 | 55.21 | 16.63 | 10.89 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 86 | 121 | 124 | 202 | 125 | 165 | 185 | 225 | 147 | 173 | 182 | 245 | 234 | |
| 77 | 113 | 115 | 182 | 112 | 150 | 170 | 206 | 133 | 152 | 165 | 217 | 216 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 2 | 2 | 3 | 3 | 2 | 5 | 4 | 5 | 5 | 4 | 4 | 4 |
| Interest | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 7 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 3 |
| 6 | 7 | 7 | 18 | 11 | 13 | 13 | 17 | 14 | 20 | 15 | 21 | 22 | |
| Tax % | 26.43% | 26.56% | 22.21% | 24.93% | 23.64% | 24.42% | 22.87% | 24.32% | 24.01% | 24.23% | 22.69% | 25.45% | 24.59% |
| Net Profit | 5 | 5 | 5 | 13 | 8 | 10 | 10 | 13 | 11 | 15 | 11 | 15 | 17 |
| 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 25 | 26 | 26 | 27 | 27 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 25 | 26 | 26 | 27 | 27 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 86
- 77
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 6
- Tax %
- 26.43%
- Net Profit
- 5
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 121
- 113
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 7
- Tax %
- 26.56%
- Net Profit
- 5
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 124
- 115
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 2
- 7
- Tax %
- 22.21%
- Net Profit
- 5
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 202
- 182
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 2
- 18
- Tax %
- 24.93%
- Net Profit
- 13
- 1
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 125
- 112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 2
- 11
- Tax %
- 23.64%
- Net Profit
- 8
- 1
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 165
- 150
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 3
- 13
- Tax %
- 24.42%
- Net Profit
- 10
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 185
- 170
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 3
- Depreciation
- 3
- 13
- Tax %
- 22.87%
- Net Profit
- 10
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 225
- 206
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 3
- 17
- Tax %
- 24.32%
- Net Profit
- 13
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 147
- 133
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 3
- Depreciation
- 2
- 14
- Tax %
- 24.01%
- Net Profit
- 11
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 173
- 152
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 3
- Depreciation
- 2
- 20
- Tax %
- 24.23%
- Net Profit
- 15
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 182
- 165
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 3
- 15
- Tax %
- 22.69%
- Net Profit
- 11
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 245
- 217
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 7
- Depreciation
- 3
- 21
- Tax %
- 25.45%
- Net Profit
- 15
- 1
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 234
- 216
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 3
- 22
- Tax %
- 24.59%
- Net Profit
- 17
- 0
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 193 | 209 | 288 | 323 | 206 | 200 | 323 | 391 | 534 | 701 | 834 | |
| 175 | 189 | 263 | 305 | 189 | 177 | 297 | 356 | 486 | 638 | 750 | |
| Operating Profit | 20 | 23 | 27 | 21 | 23 | 26 | 32 | 41 | 55 | 77 | — |
| OPM % | 10 | 11 | 9 | 6 | 11 | 13 | 10 | 11 | 10 | 11 | — |
| Other Income | 2 | 2 | 2 | 3 | 7 | 4 | 6 | 6 | 8 | 15 | 17 |
| Interest | 3 | 4 | 5 | 6 | 9 | 8 | 6 | 9 | 10 | 12 | 18 |
| Depreciation | 5 | 4 | 4 | 3 | 8 | 8 | 8 | 6 | 7 | 11 | 11 |
| 13 | 15 | 18 | 11 | 6 | 11 | 18 | 26 | 38 | 54 | 78 | |
| Tax % | 37 | 42 | 34 | 29 | 21 | 28 | 29 | 26 | 25 | 24 | 24 |
| Net Profit | 8 | 9 | 12 | 8 | 5 | 8 | 12 | 20 | 28 | 41 | 59 |
| EPS | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 31 | 0 | 0 | 9 | 10 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 3 | — |
Mar 2016
- 193
- 175
- Operating Profit
- 20
- OPM %
- 10
- Other Income
- 2
- Interest
- 3
- Depreciation
- 5
- 13
- Tax %
- 37
- Net Profit
- 8
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2017
- 209
- 189
- Operating Profit
- 23
- OPM %
- 11
- Other Income
- 2
- Interest
- 4
- Depreciation
- 4
- 15
- Tax %
- 42
- Net Profit
- 9
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 288
- 263
- Operating Profit
- 27
- OPM %
- 9
- Other Income
- 2
- Interest
- 5
- Depreciation
- 4
- 18
- Tax %
- 34
- Net Profit
- 12
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 323
- 305
- Operating Profit
- 21
- OPM %
- 6
- Other Income
- 3
- Interest
- 6
- Depreciation
- 3
- 11
- Tax %
- 29
- Net Profit
- 8
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 206
- 189
- Operating Profit
- 23
- OPM %
- 11
- Other Income
- 7
- Interest
- 9
- Depreciation
- 8
- 6
- Tax %
- 21
- Net Profit
- 5
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 200
- 177
- Operating Profit
- 26
- OPM %
- 13
- Other Income
- 4
- Interest
- 8
- Depreciation
- 8
- 11
- Tax %
- 28
- Net Profit
- 8
- EPS
- 1
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 323
- 297
- Operating Profit
- 32
- OPM %
- 10
- Other Income
- 6
- Interest
- 6
- Depreciation
- 8
- 18
- Tax %
- 29
- Net Profit
- 12
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 391
- 356
- Operating Profit
- 41
- OPM %
- 11
- Other Income
- 6
- Interest
- 9
- Depreciation
- 6
- 26
- Tax %
- 26
- Net Profit
- 20
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 534
- 486
- Operating Profit
- 55
- OPM %
- 10
- Other Income
- 8
- Interest
- 10
- Depreciation
- 7
- 38
- Tax %
- 25
- Net Profit
- 28
- EPS
- 2
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 701
- 638
- Operating Profit
- 77
- OPM %
- 11
- Other Income
- 15
- Interest
- 12
- Depreciation
- 11
- 54
- Tax %
- 24
- Net Profit
- 41
- EPS
- 3
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 834
- 750
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 18
- Depreciation
- 11
- 78
- Tax %
- 24
- Net Profit
- 59
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 28%
- 3 Years:
- 29%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 22%
- 5 Years:
- 54%
- 3 Years:
- 49%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 58%
- 3 Years:
- 79%
- 1 Year:
- 114%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 11%
- 3 Years:
- 13%
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 17 | 17 | 18 | 25 | 25 | 25 | 25 | 25 | 27 | 28 |
| 33 | 42 | 57 | 100 | 101 | 109 | 120 | 150 | 196 | 339 | |
| 20 | 25 | 32 | 32 | 24 | 35 | 23 | 36 | 49 | 16 | |
| Trade Payables | 29 | 45 | 130 | 95 | 112 | 90 | 80 | 105 | 179 | 164 |
| 25 | 28 | 56 | 53 | 32 | 38 | 31 | 55 | 67 | 83 | |
| Total Liabilities | 124 | 157 | 294 | 303 | 293 | 297 | 279 | 372 | 518 | 630 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 37 | 42 | 26 | 31 | 40 | 34 | 33 | 34 | 40 | 43 | |
| Capital Work in Progress | 0 | 0 | 14 | 14 | 0 | 0 | 2 | 0 | 3 | 5 |
| 7 | 7 | 7 | 12 | 17 | 11 | 9 | 26 | 36 | 39 | |
| 5 | 15 | 27 | 32 | 56 | 59 | 57 | 44 | 73 | 58 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 262 | 288 | |
| Cash & Bank | 5 | 2 | 22 | 14 | 12 | 10 | 8 | 16 | 17 | 46 |
| 69 | 90 | 198 | 199 | 170 | 184 | 170 | 251 | 85 | 151 | |
| Total Assets | 124 | 157 | 294 | 303 | 293 | 297 | 279 | 372 | 518 | 630 |
| Total Debt | 28 | 31 | 33 | 43 | 33 | 44 | 31 | 56 | 75 | 29 |
| Net Working Capital | 14 | 16 | 21 | 77 | 73 | 87 | 88 | 101 | 123 | 283 |
| Contingent Liabilities | 39 | 47 | 108 | 92 | 94 | 104 | 95 | 123 | 136 | 184 |
| Book Value per Share | 29.20 | 34.21 | 41.84 | 50.60 | 51.19 | 10.91 | 11.75 | 13.89 | 16.79 | 26.58 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 28 | 31 | 33 | 43 | 33 | 44 | 31 | 56 | 75 | 29 |
| Net Working Capital | 14 | 16 | 21 | 77 | 73 | 87 | 88 | 101 | 123 | 283 |
| Contingent Liabilities | 39 | 47 | 108 | 92 | 94 | 104 | 95 | 123 | 136 | 184 |
| Book Value per Share | 29.20 | 34.21 | 41.84 | 50.60 | 51.19 | 10.91 | 11.75 | 13.89 | 16.79 | 26.58 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 17
- 33
- 20
- Trade Payables
- 29
- 25
- Total Liabilities
- 124
- 37
- Capital Work in Progress
- 0
- 7
- 5
- 0
- Cash & Bank
- 5
- 69
- Total Assets
- 124
- Total Debt
- 28
- Net Working Capital
- 14
- Contingent Liabilities
- 39
- Book Value per Share
- 29.20
- Face Value
- 10.00
- Total Debt
- 28
- Net Working Capital
- 14
- Contingent Liabilities
- 39
- Book Value per Share
- 29.20
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 17
- 42
- 25
- Trade Payables
- 45
- 28
- Total Liabilities
- 157
- 42
- Capital Work in Progress
- 0
- 7
- 15
- 0
- Cash & Bank
- 2
- 90
- Total Assets
- 157
- Total Debt
- 31
- Net Working Capital
- 16
- Contingent Liabilities
- 47
- Book Value per Share
- 34.21
- Face Value
- 10.00
- Total Debt
- 31
- Net Working Capital
- 16
- Contingent Liabilities
- 47
- Book Value per Share
- 34.21
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 18
- 57
- 32
- Trade Payables
- 130
- 56
- Total Liabilities
- 294
- 26
- Capital Work in Progress
- 14
- 7
- 27
- 0
- Cash & Bank
- 22
- 198
- Total Assets
- 294
- Total Debt
- 33
- Net Working Capital
- 21
- Contingent Liabilities
- 108
- Book Value per Share
- 41.84
- Face Value
- 10.00
- Total Debt
- 33
- Net Working Capital
- 21
- Contingent Liabilities
- 108
- Book Value per Share
- 41.84
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 25
- 100
- 32
- Trade Payables
- 95
- 53
- Total Liabilities
- 303
- 31
- Capital Work in Progress
- 14
- 12
- 32
- 0
- Cash & Bank
- 14
- 199
- Total Assets
- 303
- Total Debt
- 43
- Net Working Capital
- 77
- Contingent Liabilities
- 92
- Book Value per Share
- 50.60
- Face Value
- 10.00
- Total Debt
- 43
- Net Working Capital
- 77
- Contingent Liabilities
- 92
- Book Value per Share
- 50.60
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 25
- 101
- 24
- Trade Payables
- 112
- 32
- Total Liabilities
- 293
- 40
- Capital Work in Progress
- 0
- 17
- 56
- 0
- Cash & Bank
- 12
- 170
- Total Assets
- 293
- Total Debt
- 33
- Net Working Capital
- 73
- Contingent Liabilities
- 94
- Book Value per Share
- 51.19
- Face Value
- 10.00
- Total Debt
- 33
- Net Working Capital
- 73
- Contingent Liabilities
- 94
- Book Value per Share
- 51.19
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 25
- 109
- 35
- Trade Payables
- 90
- 38
- Total Liabilities
- 297
- 34
- Capital Work in Progress
- 0
- 11
- 59
- 0
- Cash & Bank
- 10
- 184
- Total Assets
- 297
- Total Debt
- 44
- Net Working Capital
- 87
- Contingent Liabilities
- 104
- Book Value per Share
- 10.91
- Face Value
- 2.00
- Total Debt
- 44
- Net Working Capital
- 87
- Contingent Liabilities
- 104
- Book Value per Share
- 10.91
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 25
- 120
- 23
- Trade Payables
- 80
- 31
- Total Liabilities
- 279
- 33
- Capital Work in Progress
- 2
- 9
- 57
- 0
- Cash & Bank
- 8
- 170
- Total Assets
- 279
- Total Debt
- 31
- Net Working Capital
- 88
- Contingent Liabilities
- 95
- Book Value per Share
- 11.75
- Face Value
- 2.00
- Total Debt
- 31
- Net Working Capital
- 88
- Contingent Liabilities
- 95
- Book Value per Share
- 11.75
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 25
- 150
- 36
- Trade Payables
- 105
- 55
- Total Liabilities
- 372
- 34
- Capital Work in Progress
- 0
- 26
- 44
- 0
- Cash & Bank
- 16
- 251
- Total Assets
- 372
- Total Debt
- 56
- Net Working Capital
- 101
- Contingent Liabilities
- 123
- Book Value per Share
- 13.89
- Face Value
- 2.00
- Total Debt
- 56
- Net Working Capital
- 101
- Contingent Liabilities
- 123
- Book Value per Share
- 13.89
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 27
- 196
- 49
- Trade Payables
- 179
- 67
- Total Liabilities
- 518
- 40
- Capital Work in Progress
- 3
- 36
- 73
- 262
- Cash & Bank
- 17
- 85
- Total Assets
- 518
- Total Debt
- 75
- Net Working Capital
- 123
- Contingent Liabilities
- 136
- Book Value per Share
- 16.79
- Face Value
- 2.00
- Total Debt
- 75
- Net Working Capital
- 123
- Contingent Liabilities
- 136
- Book Value per Share
- 16.79
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 28
- 339
- 16
- Trade Payables
- 164
- 83
- Total Liabilities
- 630
- 43
- Capital Work in Progress
- 5
- 39
- 58
- 288
- Cash & Bank
- 46
- 151
- Total Assets
- 630
- Total Debt
- 29
- Net Working Capital
- 283
- Contingent Liabilities
- 184
- Book Value per Share
- 26.58
- Face Value
- 2.00
- Total Debt
- 29
- Net Working Capital
- 283
- Contingent Liabilities
- 184
- Book Value per Share
- 26.58
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 9 | 31 | -46 | 21 | -3 | 38 | -6 | 1 | 46 | |
| Cash from Investing | -8 | -8 | -21 | -7 | -0 | -2 | -11 | -27 | -24 | -91 |
| Cash from Financing | 6 | -3 | 2 | 44 | -19 | 1 | -27 | 33 | 24 | 54 |
| -1 | -3 | 12 | -9 | 2 | -4 | -1 | -0 | 1 | 9 | |
| Free Cash Flow | -8 | 1 | 30 | -55 | 21 | -7 | 32 | -10 | -14 | 30 |
| OCF / Net Profit | 0.10 | 1.08 | 2.64 | -5.98 | 4.50 | -0.37 | 3.05 | -0.32 | 0.04 | 1.11 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -11 | -10 | 21 | -19 | 23 | 31 |
| OCF / Net Profit | 0.10 | 1.08 | 2.64 | -5.98 | 4.50 | -0.37 | 3.05 | -0.32 | 0.04 | 1.11 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -11 | -10 | 21 | -19 | 23 | 31 |
Mar 2016
- 1
- Cash from Investing
- -8
- Cash from Financing
- 6
- -1
- Free Cash Flow
- -8
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 0
Mar 2017
- 9
- Cash from Investing
- -8
- Cash from Financing
- -3
- -3
- Free Cash Flow
- 1
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- 0
Mar 2018
- 31
- Cash from Investing
- -21
- Cash from Financing
- 2
- 12
- Free Cash Flow
- 30
- OCF / Net Profit
- 2.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.64
- Cumulative 5-Year FCF
- 0
Mar 2019
- -46
- Cash from Investing
- -7
- Cash from Financing
- 44
- -9
- Free Cash Flow
- -55
- OCF / Net Profit
- -5.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -5.98
- Cumulative 5-Year FCF
- 0
Mar 2020
- 21
- Cash from Investing
- -0
- Cash from Financing
- -19
- 2
- Free Cash Flow
- 21
- OCF / Net Profit
- 4.50
- Cumulative 5-Year FCF
- -11
- OCF / Net Profit
- 4.50
- Cumulative 5-Year FCF
- -11
Mar 2021
- -3
- Cash from Investing
- -2
- Cash from Financing
- 1
- -4
- Free Cash Flow
- -7
- OCF / Net Profit
- -0.37
- Cumulative 5-Year FCF
- -10
- OCF / Net Profit
- -0.37
- Cumulative 5-Year FCF
- -10
Mar 2022
- 38
- Cash from Investing
- -11
- Cash from Financing
- -27
- -1
- Free Cash Flow
- 32
- OCF / Net Profit
- 3.05
- Cumulative 5-Year FCF
- 21
- OCF / Net Profit
- 3.05
- Cumulative 5-Year FCF
- 21
Mar 2023
- -6
- Cash from Investing
- -27
- Cash from Financing
- 33
- -0
- Free Cash Flow
- -10
- OCF / Net Profit
- -0.32
- Cumulative 5-Year FCF
- -19
- OCF / Net Profit
- -0.32
- Cumulative 5-Year FCF
- -19
Mar 2024
- 1
- Cash from Investing
- -24
- Cash from Financing
- 24
- 1
- Free Cash Flow
- -14
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 23
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 23
Mar 2025
- 46
- Cash from Investing
- -91
- Cash from Financing
- 54
- 9
- Free Cash Flow
- 30
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- 31
- OCF / Net Profit
- 1.11
- Cumulative 5-Year FCF
- 31
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 4.61 | 5.01 | 6.50 | 3.17 | 1.93 | 0.64 | 1.02 | 1.54 | 2.14 | 2.97 |
| Book Value (₹) | 29.20 | 34.21 | 41.84 | 50.60 | 51.19 | 10.91 | 11.75 | 13.89 | 16.79 | 26.58 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 | 0.00 | 0.20 | 0.30 |
| Cash EPS (₹) | 1.49 | 1.51 | 1.73 | 0.91 | 1.06 | 1.26 | 1.64 | 2.03 | 2.64 | 3.80 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.41% | 11.04% | 9.24% | 6.40% | 11.20% | 13.12% | 9.82% | 10.51% | 8.85% | 8.89% |
| Net Margin % | 4.10% | 4.11% | 4.08% | 2.41% | 2.31% | 3.92% | 3.86% | 4.99% | 5.31% | 5.86% |
| ROE % | 17.16% | 15.81% | 17.47% | 7.79% | 3.80% | 6.03% | 8.97% | 12.21% | 14.24% | 13.92% |
| ROCE % | 21.71% | 22.28% | 22.79% | 12.51% | 9.09% | 11.04% | 13.66% | 17.03% | 18.08% | 18.61% |
| 6.51% | 6.13% | 5.20% | 2.61% | 1.59% | 2.65% | 4.33% | 6.00% | 6.37% | 7.15% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 102 | 119 | 142 | 160 | 229 | 227 | 139 | 137 | 149 | 143 |
| Inventory Days | 14 | 18 | 27 | 33 | 78 | 104 | 65 | 47 | 40 | 34 |
| Payable Days | 101 | 105 | 140 | 155 | 251 | 259 | 126 | 114 | 127 | 120 |
| 15 | 32 | 29 | 38 | 57 | 72 | 78 | 70 | 63 | 58 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.56x | 0.53x | 0.44x | 0.34x | 0.26x | 0.33x | 0.21x | 0.32x | 0.34x | 0.08x |
| Interest Coverage (x) | 5.71x | 4.67x | 4.55x | 2.74x | 1.68x | 2.41x | 3.73x | 4.06x | 4.64x | 5.65x |
| 1.22x | 1.18x | 1.10x | 1.46x | 1.47x | 1.58x | 1.69x | 1.60x | 1.46x | 2.19x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 2.20% | 8.27% | 37.35% | 12.36% | -36.29% | -2.94% | 61.54% | 21.18% | 36.41% | 31.26% |
| Operating Profit Growth % | 15.78% | 14.87% | 14.94% | -22.21% | 11.50% | 13.73% | 20.84% | 29.72% | 33.57% | 40.03% |
| Net Profit Growth % | 43.45% | 8.65% | 36.15% | -33.66% | -38.97% | 64.92% | 59.24% | 56.47% | 45.35% | 44.69% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 38.40% | 39.16% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 42.21x | 52.79x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.37x | 5.91x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.19% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.84x | 27.94x |
Mar 2016
- EPS (₹)
- 4.61
- Book Value (₹)
- 29.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.49
- Operating Margin %
- 10.41%
- Net Margin %
- 4.10%
- ROE %
- 17.16%
- ROCE %
- 21.71%
- 6.51%
- Debtor Days
- 102
- Inventory Days
- 14
- Payable Days
- 101
- 15
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 5.71x
- 1.22x
- Revenue Growth %
- 2.20%
- Operating Profit Growth %
- 15.78%
- Net Profit Growth %
- 43.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 5.01
- Book Value (₹)
- 34.21
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.51
- Operating Margin %
- 11.04%
- Net Margin %
- 4.11%
- ROE %
- 15.81%
- ROCE %
- 22.28%
- 6.13%
- Debtor Days
- 119
- Inventory Days
- 18
- Payable Days
- 105
- 32
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 4.67x
- 1.18x
- Revenue Growth %
- 8.27%
- Operating Profit Growth %
- 14.87%
- Net Profit Growth %
- 8.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 6.50
- Book Value (₹)
- 41.84
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.73
- Operating Margin %
- 9.24%
- Net Margin %
- 4.08%
- ROE %
- 17.47%
- ROCE %
- 22.79%
- 5.20%
- Debtor Days
- 142
- Inventory Days
- 27
- Payable Days
- 140
- 29
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 4.55x
- 1.10x
- Revenue Growth %
- 37.35%
- Operating Profit Growth %
- 14.94%
- Net Profit Growth %
- 36.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 3.17
- Book Value (₹)
- 50.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.91
- Operating Margin %
- 6.40%
- Net Margin %
- 2.41%
- ROE %
- 7.79%
- ROCE %
- 12.51%
- 2.61%
- Debtor Days
- 160
- Inventory Days
- 33
- Payable Days
- 155
- 38
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 2.74x
- 1.46x
- Revenue Growth %
- 12.36%
- Operating Profit Growth %
- -22.21%
- Net Profit Growth %
- -33.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.93
- Book Value (₹)
- 51.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.06
- Operating Margin %
- 11.20%
- Net Margin %
- 2.31%
- ROE %
- 3.80%
- ROCE %
- 9.09%
- 1.59%
- Debtor Days
- 229
- Inventory Days
- 78
- Payable Days
- 251
- 57
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 1.68x
- 1.47x
- Revenue Growth %
- -36.29%
- Operating Profit Growth %
- 11.50%
- Net Profit Growth %
- -38.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.64
- Book Value (₹)
- 10.91
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 1.26
- Operating Margin %
- 13.12%
- Net Margin %
- 3.92%
- ROE %
- 6.03%
- ROCE %
- 11.04%
- 2.65%
- Debtor Days
- 227
- Inventory Days
- 104
- Payable Days
- 259
- 72
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 2.41x
- 1.58x
- Revenue Growth %
- -2.94%
- Operating Profit Growth %
- 13.73%
- Net Profit Growth %
- 64.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.02
- Book Value (₹)
- 11.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.64
- Operating Margin %
- 9.82%
- Net Margin %
- 3.86%
- ROE %
- 8.97%
- ROCE %
- 13.66%
- 4.33%
- Debtor Days
- 139
- Inventory Days
- 65
- Payable Days
- 126
- 78
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 3.73x
- 1.69x
- Revenue Growth %
- 61.54%
- Operating Profit Growth %
- 20.84%
- Net Profit Growth %
- 59.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 1.54
- Book Value (₹)
- 13.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.03
- Operating Margin %
- 10.51%
- Net Margin %
- 4.99%
- ROE %
- 12.21%
- ROCE %
- 17.03%
- 6.00%
- Debtor Days
- 137
- Inventory Days
- 47
- Payable Days
- 114
- 70
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 4.06x
- 1.60x
- Revenue Growth %
- 21.18%
- Operating Profit Growth %
- 29.72%
- Net Profit Growth %
- 56.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 2.14
- Book Value (₹)
- 16.79
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 2.64
- Operating Margin %
- 8.85%
- Net Margin %
- 5.31%
- ROE %
- 14.24%
- ROCE %
- 18.08%
- 6.37%
- Debtor Days
- 149
- Inventory Days
- 40
- Payable Days
- 127
- 63
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 4.64x
- 1.46x
- Revenue Growth %
- 36.41%
- Operating Profit Growth %
- 33.57%
- Net Profit Growth %
- 45.35%
- 38.40%
- P/E (x)
- 42.21x
- P/B (x)
- 5.37x
- Dividend Yield %
- 0.22%
- 22.84x
Mar 2025
- EPS (₹)
- 2.97
- Book Value (₹)
- 26.58
- Dividend per Share (₹)
- 0.30
- Cash EPS (₹)
- 3.80
- Operating Margin %
- 8.89%
- Net Margin %
- 5.86%
- ROE %
- 13.92%
- ROCE %
- 18.61%
- 7.15%
- Debtor Days
- 143
- Inventory Days
- 34
- Payable Days
- 120
- 58
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 5.65x
- 2.19x
- Revenue Growth %
- 31.26%
- Operating Profit Growth %
- 40.03%
- Net Profit Growth %
- 44.69%
- 39.16%
- P/E (x)
- 52.79x
- P/B (x)
- 5.91x
- Dividend Yield %
- 0.19%
- 27.94x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-17 - Marine Electricals (India) Limited has informed the Exchange about Copy of Newspaper Publication
- Press Release
2026-08-17 - Marine Electricals (India) Limited has informed the Exchange regarding a press release dated August 17, 2026, titled "Press Release for Financial Results for the Quarter Ended 30th June 2026".
Annual Reports
Credit Ratings
- Credit Rating
2026-07-24 - Marine Electricals (India) Limited has informed the Exchange about Credit Rating