Marine Electricals (India) Ltd

Marine Electric. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marine Electricals (India) Ltd

₹ 213 2.05%
05 Feb - close price
marineelectricals.com NSE: MARINE
About

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. [1]

Key Points

Market Leadership
The company is one of India's largest LV and MV Switchgear manufacturers. [1] It has a 50% market share in the electrical segment, it is a tier-1 electrical supplier and an approved vendor with Indian Navy, Indian and Global Shipyards. [2]

Website NSE - BE
  • Market Cap ₹ 2,939 Cr.
  • Current Price ₹ 213
  • High / Low ₹ 333 / 84.8
  • Stock P/E 80.2
  • Book Value ₹ 25.6
  • Dividend Yield 0.09 %
  • ROCE 17.4 %
  • ROE 13.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.4% CAGR over last 5 years

Cons

  • Stock is trading at 8.31 times its book value
  • Promoter holding has decreased over last quarter: -2.72%
  • Company has a low return on equity of 11.4% over last 3 years.
  • Company has high debtors of 179 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
92.55 98.66 76.38 65.15 80.04 116.40 129.68 86.08 121.41 124.31 201.92 125.21 165.47
87.26 90.09 66.60 61.67 73.59 102.50 118.53 77.22 112.72 114.83 181.70 112.20 149.51
Operating Profit 5.29 8.57 9.78 3.48 6.45 13.90 11.15 8.86 8.69 9.48 20.22 13.01 15.96
OPM % 5.72% 8.69% 12.80% 5.34% 8.06% 11.94% 8.60% 10.29% 7.16% 7.63% 10.01% 10.39% 9.65%
2.25 1.35 0.90 2.16 2.16 0.33 1.48 1.18 1.84 1.73 2.93 2.89 2.39
Interest 1.56 1.58 1.74 1.76 2.44 2.18 2.24 2.26 2.23 2.95 2.97 2.71 2.88
Depreciation 1.94 2.01 1.90 1.51 1.58 1.52 1.51 1.31 1.56 1.63 2.21 2.37 2.61
Profit before tax 4.04 6.33 7.04 2.37 4.59 10.53 8.88 6.47 6.74 6.63 17.97 10.82 12.86
Tax % 21.29% 30.49% 31.11% 27.43% 28.76% 21.27% 29.84% 26.58% 26.56% 22.17% 24.93% 23.57% 24.42%
3.18 4.40 4.84 1.72 3.27 8.28 6.23 4.76 4.95 5.16 13.49 8.27 9.72
EPS in Rs 0.26 0.36 0.39 0.14 0.27 0.68 0.49 0.38 0.39 0.40 1.02 0.62 0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
63 78 98 193 209 288 323 206 200 323 391 534 617
54 70 87 175 189 263 305 189 177 296 356 486 558
Operating Profit 9 8 11 18 21 25 18 17 23 27 35 47 59
OPM % 15% 10% 11% 9% 10% 9% 6% 8% 11% 8% 9% 9% 10%
0 0 0 2 2 2 3 6 4 5 6 8 10
Interest 2 2 3 3 4 5 6 9 8 6 9 10 12
Depreciation 1 1 1 5 4 4 3 8 8 8 6 7 9
Profit before tax 7 5 7 13 15 18 11 6 11 18 26 38 48
Tax % 33% 4% 31% 37% 42% 34% 29% 21% 28% 29% 26% 25%
4 5 5 8 9 12 8 5 8 12 20 28 37
EPS in Rs 2.02 0.54 0.55 0.92 1.00 1.30 0.63 0.39 0.64 1.02 1.54 2.14 2.74
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 31% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 39%
TTM: 36%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 53%
TTM: 51%
Stock Price CAGR
10 Years: %
5 Years: 61%
3 Years: 77%
1 Year: 81%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 17 17 17 17 18 25 25 25 25 25 27 28
Reserves 17 8 13 33 42 57 100 101 109 120 155 196 326
11 19 19 28 31 33 43 39 48 29 55 76 72
32 36 39 45 67 168 114 129 116 106 138 220 204
Total Liabilities 63 80 89 124 157 277 280 294 298 280 372 519 630
32 32 31 37 42 26 31 46 39 38 39 46 54
CWIP 0 0 0 0 0 14 14 0 0 2 0 6 7
Investments 0 6 6 7 7 7 12 11 11 9 26 36 37
31 43 51 79 108 230 223 238 247 230 307 432 532
Total Assets 63 80 89 124 157 277 280 294 298 280 372 519 630

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 0 1 9 31 -46 21 -3 38 -6 1
0 0 0 -8 -8 -21 -7 -0 -2 -11 -27 -24
0 0 0 6 -3 2 44 -19 1 -27 33 24
Net Cash Flow 0 0 0 -1 -3 12 -10 2 -4 -1 -0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 121 118 95 110 136 186 155 215 232 135 163 179
Inventory Days 16 43 42 45 136 150 84 55 66
Days Payable 89 128 207 131 272 232 119 130 160
Cash Conversion Cycle 121 118 95 38 51 21 69 79 150 100 88 85
Working Capital Days 0 32 24 23 57 36 102 152 210 117 113 108
ROCE % 18% 20% 22% 23% 12% 9% 10% 13% 16% 17%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
73.52% 73.63% 73.71% 73.71% 74.46% 74.46% 73.84% 72.87% 71.98% 71.17% 71.17% 68.45%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.15% 0.25% 0.96%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.08% 0.04%
26.48% 26.37% 26.29% 26.29% 25.54% 25.54% 26.16% 27.12% 27.99% 28.56% 28.50% 30.56%
No. of Shareholders 66,88164,44260,67657,53252,75552,44151,59449,30550,30455,98383,79989,628

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2024
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  • Jun 2022
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  • Aug 2021
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  • Jun 2021
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  • Feb 2021
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  • Sep 2020
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    PPT