Marinetrans India Ltd.

•

₹ 00%

2026-08-21

marinetrans.inBSE: -NSE: MARINETRAN

Market Cap₹ 20 Cr.

Current Price₹ 16

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%

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

EDIT COLUMNS

ServicesLogisticsLogistics

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

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.	CONCOR	514.00	31.52	39147.16	1.67	268.90	0.61	2159.76	0.28	14.79	20.41
2.	DELHIVERY	448.00	358.82	33562.68	0.00	31.91	-64.96	2930.73	27.76	3.02	4.75
3.	SHADOWFAX	265.20	139.25	15555.60	0.00	654.00	6732.86	13581.20	1806.32	4.90	6.76
4.	BLACKBUCK	613.80	66.23	11180.37	0.00	42.17	25.14	204.17	42.17	-31.80	24.35
5.	TCI	914.10	15.38	7023.13	1.09	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	120.95	82.41	5336.60	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	0.00	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	406.00	104.69	4028.43	0.62	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	24.29	48.39	3745.35	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	54.17	11.08	2706.57	6.00	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	547.00	25.50	2102.90	1.28	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

We don't have this information yet. Please check back later.

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	2	3	3	2
OPM %	1	2	1	2	2
Other Income	0	0	0	0	0
Interest	1	0	0	0	1
Depreciation	0	0	0	0	0
	0	1	2	2	1
Tax %	35	28	26	27	44
Net Profit	0	1	2	2	0
EPS	0	0	2	2	0
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	0	1	2	2	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	0	1	2	2	0

Mar 2020

: 122
: 121
Operating Profit: 1
OPM %: 1
Other Income: 0
Interest: 1
Depreciation: 0
: 0
Tax %: 35
Net Profit: 0
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

: 96
: 95
Operating Profit: 2
OPM %: 2
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: 28
Net Profit: 1
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 2022

: 203
: 200
Operating Profit: 3
OPM %: 1
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 26
Net Profit: 2
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 2023

: 150
: 148
Operating Profit: 3
OPM %: 2
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 27
Net Profit: 2
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

: 106
: 105
Operating Profit: 2
OPM %: 2
Other Income: 0
Interest: 1
Depreciation: 0
: 1
Tax %: 44
Net Profit: 0
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

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
LIABILITIES	-	-	-	-	-
Equity Capital	0	0	0	9	13
	11	12	14	8	13
	2	2	2	5	7
Trade Payables	9	6	5	4	9
	1	1	1	1	1
Total Liabilities	25	22	23	26	42
ASSETS	-	-	-	-	-
	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
Total Debt	3	2	3	6	7
Net Working Capital	10	11	14	15	21
Contingent Liabilities	6	6	6	6	6
Book Value per Share	289.69	309.34	357.44	18.81	19.99
Face Value	10.00	10.00	10.00	10.00	10.00
Total Debt	3	2	3	6	7
Net Working Capital	10	11	14	15	21
Contingent Liabilities	6	6	6	6	6
Book Value per Share	289.69	309.34	357.44	18.81	19.99
Face Value	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 0
: 11
: 2
Trade Payables: 9
: 1
Total Liabilities: 25
: 0
: 0
Cash & Bank: 1
: 24
Total Assets: 25
Total Debt: 3
Net Working Capital: 10
Contingent Liabilities: 6
Book Value per Share: 289.69
Face Value: 10.00
Total Debt: 3
Net Working Capital: 10
Contingent Liabilities: 6
Book Value per Share: 289.69
Face Value: 10.00

Mar 2021

Equity Capital: 0
: 12
: 2
Trade Payables: 6
: 1
Total Liabilities: 22
: 0
: 0
Cash & Bank: 2
: 20
Total Assets: 22
Total Debt: 2
Net Working Capital: 11
Contingent Liabilities: 6
Book Value per Share: 309.34
Face Value: 10.00
Total Debt: 2
Net Working Capital: 11
Contingent Liabilities: 6
Book Value per Share: 309.34
Face Value: 10.00

Mar 2022

Equity Capital: 0
: 14
: 2
Trade Payables: 5
: 1
Total Liabilities: 23
: 0
: 0
Cash & Bank: 1
: 22
Total Assets: 23
Total Debt: 3
Net Working Capital: 14
Contingent Liabilities: 6
Book Value per Share: 357.44
Face Value: 10.00
Total Debt: 3
Net Working Capital: 14
Contingent Liabilities: 6
Book Value per Share: 357.44
Face Value: 10.00

Mar 2023

Equity Capital: 9
: 8
: 5
Trade Payables: 4
: 1
Total Liabilities: 26
: 0
: 0
Cash & Bank: 2
: 24
Total Assets: 26
Total Debt: 6
Net Working Capital: 15
Contingent Liabilities: 6
Book Value per Share: 18.81
Face Value: 10.00
Total Debt: 6
Net Working Capital: 15
Contingent Liabilities: 6
Book Value per Share: 18.81
Face Value: 10.00

Mar 2024

Equity Capital: 13
: 13
: 7
Trade Payables: 9
: 1
Total Liabilities: 42
: 1
: 25
Cash & Bank: 2
: 14
Total Assets: 42
Total Debt: 7
Net Working Capital: 21
Contingent Liabilities: 6
Book Value per Share: 19.99
Face Value: 10.00
Total Debt: 7
Net Working Capital: 21
Contingent Liabilities: 6
Book Value per Share: 19.99
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0	2	-1	-1	-8
Cash from Investing	1	0	-0	-0	-1
Cash from Financing	-1	-1	-0	3	9
	-1	1	-1	2	0
Free Cash Flow	0	2	-1	-1	-8
OCF / Net Profit	1.24	2.38	-0.59	-0.59	-23.54
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	1.24	2.38	-0.59	-0.59	-23.54
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2020

: 0
Cash from Investing: 1
Cash from Financing: -1
: -1
Free Cash Flow: 0
OCF / Net Profit: 1.24
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.24
Cumulative 5-Year FCF: 0

Mar 2021

: 2
Cash from Investing: 0
Cash from Financing: -1
: 1
Free Cash Flow: 2
OCF / Net Profit: 2.38
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.38
Cumulative 5-Year FCF: 0

Mar 2022

: -1
Cash from Investing: -0
Cash from Financing: -0
: -1
Free Cash Flow: -1
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0

Mar 2023

: -1
Cash from Investing: -0
Cash from Financing: 3
: 2
Free Cash Flow: -1
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.59
Cumulative 5-Year FCF: 0

Mar 2024

: -8
Cash from Investing: -1
Cash from Financing: 9
: 0
Free Cash Flow: -8
OCF / Net Profit: -23.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: -23.54
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
PER SHARE	-	-	-	-	-
EPS (₹)	5.93	19.65	45.87	1.79	0.26
Book Value (₹)	289.69	309.34	357.44	18.81	19.99
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.39	0.98	2.21	1.85	0.40
PROFITABILITY	-	-	-	-	-
Operating Margin %	0.80%	1.65%	1.44%	1.71%	1.50%
Net Margin %	0.16%	0.83%	0.91%	1.02%	0.31%
ROE %	1.69%	6.52%	13.71%	10.00%	1.57%
ROCE %	5.87%	10.47%	18.04%	13.02%	5.73%
	0.81%	3.42%	8.30%	6.25%	0.96%
EFFICIENCY	-	-	-	-	-
Debtor Days	54	65	30	34	62
Inventory Days	0	0	0	0	0
Payable Days	0	0	0	0	0
	54	65	30	34	62
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	0.23x	0.19x	0.18x	0.35x	0.27x
Interest Coverage (x)	1.56x	3.48x	7.24x	5.65x	1.61x
	1.81x	2.27x	2.63x	2.47x	2.28x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	-21.58%	112.08%	-26.05%	-29.23%
Operating Profit Growth %	0.00%	61.24%	85.82%	-12.15%	-33.04%
Net Profit Growth %	0.00%	299.55%	134.15%	-17.62%	-78.75%
	0.00%	0.00%	0.00%	0.00%	-85.76%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	129.31x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.65x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	26.90x

Mar 2020

EPS (₹): 5.93
Book Value (₹): 289.69
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.39
Operating Margin %: 0.80%
Net Margin %: 0.16%
ROE %: 1.69%
ROCE %: 5.87%
: 0.81%
Debtor Days: 54
Inventory Days: 0
Payable Days: 0
: 54
Debt to Equity (x): 0.23x
Interest Coverage (x): 1.56x
: 1.81x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 19.65
Book Value (₹): 309.34
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.98
Operating Margin %: 1.65%
Net Margin %: 0.83%
ROE %: 6.52%
ROCE %: 10.47%
: 3.42%
Debtor Days: 65
Inventory Days: 0
Payable Days: 0
: 65
Debt to Equity (x): 0.19x
Interest Coverage (x): 3.48x
: 2.27x
Revenue Growth %: -21.58%
Operating Profit Growth %: 61.24%
Net Profit Growth %: 299.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 45.87
Book Value (₹): 357.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.21
Operating Margin %: 1.44%
Net Margin %: 0.91%
ROE %: 13.71%
ROCE %: 18.04%
: 8.30%
Debtor Days: 30
Inventory Days: 0
Payable Days: 0
: 30
Debt to Equity (x): 0.18x
Interest Coverage (x): 7.24x
: 2.63x
Revenue Growth %: 112.08%
Operating Profit Growth %: 85.82%
Net Profit Growth %: 134.15%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 1.79
Book Value (₹): 18.81
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.85
Operating Margin %: 1.71%
Net Margin %: 1.02%
ROE %: 10.00%
ROCE %: 13.02%
: 6.25%
Debtor Days: 34
Inventory Days: 0
Payable Days: 0
: 34
Debt to Equity (x): 0.35x
Interest Coverage (x): 5.65x
: 2.47x
Revenue Growth %: -26.05%
Operating Profit Growth %: -12.15%
Net Profit Growth %: -17.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 0.26
Book Value (₹): 19.99
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.40
Operating Margin %: 1.50%
Net Margin %: 0.31%
ROE %: 1.57%
ROCE %: 5.73%
: 0.96%
Debtor Days: 62
Inventory Days: 0
Payable Days: 0
: 62
Debt to Equity (x): 0.27x
Interest Coverage (x): 1.61x
: 2.28x
Revenue Growth %: -29.23%
Operating Profit Growth %: -33.04%
Net Profit Growth %: -78.75%
: -85.76%
P/E (x): 129.31x
P/B (x): 1.65x
Dividend Yield %: 0.00%
: 26.90x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Mar 2024

: 67.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.00

Sep 2024

: 67.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.00

Dec 2024

: 67.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.00

Mar 2025

: 67.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.00

Sep 2025

: 67.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 33.00

Mar 2026

: 67.09
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 32.91

Jun 2026

: 67.09
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 32.91

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.