Marine Electricals (India) Limited
NSE: MARINE · Industrial Products
Snapshot
Unlock Marine Electricals (India) Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Marine Electricals (India) Limited specialises in the manufacturing and supply of electrical and electronic components for the marine and industrial sectors. The company provides integrated solutions including power distribution, navigation, communication, and propulsion systems, alongside comprehensive maintenance and engineering services.
Business Model
The company generates revenue through the sale of specialised marine electrical equipment and the provision of long-term maintenance, repair, and project management services. It operates as a system integrator, offering end-to-end solutions from design and fabrication to installation and life-cycle support.
- Founded:1978
Growth Outlook
Growth is driven by the expansion of its marine engineering services and the diversification into solar projects. The company continues to leverage its expertise in integrated platform management to secure contracts within the marine and industrial infrastructure sectors.
Key Risks
- Geopolitical and Defence Dependency. A significant portion of revenue is tied to marine and naval projects, making the company vulnerable to shifts in defence spending and geopolitical stability.
- Supply Chain Volatility. Reliance on global sourcing for electronic components exposes the company to fluctuations in lead times and raw material costs.
- Project Execution Risk. The company's reliance on long-term maintenance contracts and complex engineering projects carries the risk of cost overruns and execution delays.
- Technological Obsolescence. Rapid advancements in marine automation and navigation technology require continuous R&D investment to remain competitive.
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Key Metrics
REVENUE
₹969 Cr
TTM · consolidated
NET PROFIT
₹65 Cr
TTM · consolidated
EPS
₹4.61
TTM · consolidated
RETURN ON EQUITY
14.4%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
21.4%
TTM · consolidated
P/E
94.7×
Q1 FY27 · consolidated
EV/EBITDA
49.7x
Q1 FY27 · consolidated
EBITDA MARGIN
12.5%
TTM · consolidated
NET PROFIT MARGIN
6.8%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.2x
Q1 FY27 · consolidated
Peers · Industrial Products
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Marine Electricals (India) LimitedMARINE | ₹5,959 Cr | 94.7× | 49.68 | 21.8% | 12.5% | 14.4% | 21.4% | +97.3% |
GMM Pfaudler LimitedGMMPFAUDLR | ₹6,441 Cr | 87.1× | 15.06 | 13.9% | 12.1% | 6.1% | 9.8% | +37.1% |
Lohia Corp LimitedLCL | ₹6,102 Cr | — | — | — | 19.0% | — | — | — |
Praj Industries Ltd.PRAJIND | ₹5,885 Cr | 184.9× | 27.05 | 2.3% | 6.5% | 2.2% | 5.4% | -9.5% |
DEE Development Engineers LimitedDEEDEV | ₹5,351 Cr | 57.3× | 27.25 | 40.0% | 18.1% | 9.5% | 16.6% | +144.8% |
Shanthi Gears LimitedSHANTIGEAR | ₹5,125 Cr | 68.9× | 47.18 | -16.9% | 21.7% | 15.1% | 20.3% | +9.4% |
As of Q1 FY27
Financials
Marine Electricals (India) Limited
NSE: MARINE · Industrial Products
Snapshot
Unlock Marine Electricals (India) Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Marine Electricals (India) Limited specialises in the manufacturing and supply of electrical and electronic components for the marine and industrial sectors. The company provides integrated solutions including power distribution, navigation, communication, and propulsion systems, alongside comprehensive maintenance and engineering services.
Business Model
The company generates revenue through the sale of specialised marine electrical equipment and the provision of long-term maintenance, repair, and project management services. It operates as a system integrator, offering end-to-end solutions from design and fabrication to installation and life-cycle support.
- Founded:1978
Growth Outlook
Growth is driven by the expansion of its marine engineering services and the diversification into solar projects. The company continues to leverage its expertise in integrated platform management to secure contracts within the marine and industrial infrastructure sectors.
Key Risks
- Geopolitical and Defence Dependency. A significant portion of revenue is tied to marine and naval projects, making the company vulnerable to shifts in defence spending and geopolitical stability.
- Supply Chain Volatility. Reliance on global sourcing for electronic components exposes the company to fluctuations in lead times and raw material costs.
- Project Execution Risk. The company's reliance on long-term maintenance contracts and complex engineering projects carries the risk of cost overruns and execution delays.
- Technological Obsolescence. Rapid advancements in marine automation and navigation technology require continuous R&D investment to remain competitive.
Start your research today
Unlock AI insights, financials, peers and live data on Marine Electricals (India) Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹969 Cr
TTM · consolidated
NET PROFIT
₹65 Cr
TTM · consolidated
EPS
₹4.61
TTM · consolidated
RETURN ON EQUITY
14.4%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
21.4%
TTM · consolidated
P/E
94.7x
Q1 FY27 · consolidated
EV/EBITDA
49.7x
Q1 FY27 · consolidated
EBITDA MARGIN
12.5%
TTM · consolidated
NET PROFIT MARGIN
6.8%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.2x
Q1 FY27 · consolidated
Peers · Industrial Products
As of Q1 FY27