Marine Electricals (India) Ltd
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. [1]
- Market Cap ₹ 3,451 Cr.
- Current Price ₹ 260
- High / Low ₹ 277 / 55.1
- Stock P/E 134
- Book Value ₹ 18.9
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 11.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 22.9% CAGR over last 5 years
Cons
- Stock is trading at 13.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.89%
- Company has a low return on equity of 9.47% over last 3 years.
- Company has high debtors of 186 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 212 | 236 | 250 | 272 | 369 | 400 | 263 | 251 | 376 | 443 | 622 | |
| 193 | 216 | 229 | 246 | 337 | 378 | 240 | 224 | 344 | 404 | 570 | |
| Operating Profit | 20 | 20 | 21 | 26 | 31 | 22 | 22 | 27 | 32 | 39 | 52 |
| OPM % | 9% | 8% | 8% | 9% | 9% | 6% | 9% | 11% | 9% | 9% | 8% |
| 3 | 3 | 2 | 2 | 3 | 4 | 6 | 8 | 4 | 5 | 7 | |
| Interest | 3 | 5 | 3 | 5 | 7 | 8 | 11 | 9 | 7 | 10 | 12 |
| Depreciation | 2 | 6 | 5 | 5 | 5 | 5 | 10 | 9 | 9 | 8 | 10 |
| Profit before tax | 17 | 12 | 14 | 18 | 23 | 13 | 8 | 17 | 19 | 25 | 36 |
| Tax % | 19% | 29% | 34% | 38% | 28% | 29% | 24% | 20% | 32% | 33% | 29% |
| 14 | 9 | 9 | 11 | 16 | 9 | 6 | 14 | 13 | 17 | 26 | |
| EPS in Rs | 1.56 | 0.92 | 1.07 | 1.19 | 1.75 | 0.75 | 0.46 | 1.05 | 1.06 | 1.35 | 1.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 19% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 35% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 23% |
| 3 Years: | 26% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 67% |
| 3 Years: | 68% |
| 1 Year: | 298% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 18 | 25 | 25 | 25 | 25 | 25 | 27 |
| Reserves | 28 | 36 | 46 | 58 | 78 | 130 | 126 | 138 | 150 | 183 | 224 |
| 23 | 24 | 32 | 40 | 46 | 57 | 56 | 58 | 37 | 66 | 97 | |
| 53 | 66 | 54 | 112 | 212 | 162 | 176 | 162 | 162 | 192 | 268 | |
| Total Liabilities | 121 | 143 | 149 | 227 | 354 | 373 | 383 | 383 | 373 | 466 | 616 |
| 37 | 40 | 43 | 56 | 39 | 43 | 53 | 48 | 49 | 66 | 78 | |
| CWIP | 0 | 0 | 0 | 0 | 14 | 14 | 0 | 0 | 2 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 | 3 | 3 | 5 | 3 | 3 | 3 | 6 |
| 84 | 104 | 106 | 171 | 297 | 313 | 325 | 331 | 319 | 396 | 529 | |
| Total Assets | 121 | 143 | 149 | 227 | 354 | 373 | 383 | 383 | 373 | 466 | 616 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 13 | 31 | -53 | 23 | 2 | 47 | -2 | -7 | |||
| -2 | -16 | -23 | 1 | -1 | 1 | -18 | -28 | -21 | |||
| 1 | 2 | 3 | 44 | -19 | -7 | -31 | 31 | 32 | |||
| Net Cash Flow | 14 | -1 | 11 | -9 | 3 | -3 | -3 | 1 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 91 | 104 | 148 | 182 | 174 | 235 | 252 | 167 | 186 | 186 |
| Inventory Days | 30 | 47 | 29 | 73 | 61 | 64 | 146 | 166 | 102 | 71 | 72 |
| Days Payable | 73 | 94 | 78 | 168 | 209 | 154 | 292 | 267 | 159 | 161 | 167 |
| Cash Conversion Cycle | 19 | 43 | 55 | 52 | 33 | 84 | 90 | 152 | 110 | 96 | 91 |
| Working Capital Days | 18 | 49 | 67 | 76 | 55 | 124 | 177 | 228 | 138 | 131 | 120 |
| ROCE % | 23% | 20% | 21% | 22% | 12% | 9% | 12% | 12% | 14% | 15% |
Documents
Announcements
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Outcome of Board Meeting
24 July 2024 - Electricals (India) Limited has informed regarding Board meeting held on July 24, 2024.
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Preferential issue
24 July 2024 - Electricals (India) Limited has informed about Preferential issue
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Updates
23 July 2024 - Electricals (India) Limited has informed regarding 'anorder amounting to Rs. 20.40Cr from M/s. L&T Shipbuilding, for Supply of IntegratedBridge System (IBS). The Delivery shall be …
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Board Meeting Intimation
19 July 2024 - MARINE ELECTRICALS (INDIA) LIMITED has informed about Board Meeting to be held on 24-Jul-2024 to consider Fund raising.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 July 2024 - Electricals (India) Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th June, 2024
Products and Services
The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. and is also engaged in renewable energy sector specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts. [1]