Marinetrans India Ltd
Incorporated in 2004, Marinetrans India Ltd is in the business of International Freight Forwarding
Non-Vessel Common Operating carrier (NVOCC), Sea Freight Booking in the Shipping Industry[1]
- Market Cap ₹ 22.9 Cr.
- Current Price ₹ 18.0
- High / Low ₹ 35.0 / 13.8
- Stock P/E 153
- Book Value ₹ 20.2
- Dividend Yield 0.00 %
- ROCE 5.75 %
- ROE 1.54 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.89 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.47% over last 3 years.
- Debtor days have increased from 47.6 to 85.3 days.
- Working capital days have increased from 52.0 days to 86.0 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: Logistics Industry: Miscellaneous
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 122 | 96 | 203 | 150 | 106 | 145 | |
| 121 | 95 | 200 | 148 | 105 | 143 | |
| Operating Profit | 1 | 1 | 3 | 2 | 2 | 2 |
| OPM % | 1% | 1% | 1% | 2% | 2% | 1% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 2 | 2 | 1 | 1 |
| Tax % | 35% | 28% | 26% | 27% | 44% | |
| 0 | 1 | 2 | 2 | 0 | 0 | |
| EPS in Rs | 5.91 | 19.70 | 45.81 | 1.79 | 0.25 | 0.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| TTM: | -79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.41 | 0.41 | 0.41 | 9 | 13 | 13 |
| Reserves | 11 | 12 | 14 | 8 | 13 | 13 |
| 3 | 2 | 3 | 6 | 7 | 9 | |
| 10 | 7 | 6 | 5 | 10 | 10 | |
| Total Liabilities | 25 | 22 | 23 | 26 | 42 | 44 |
| 0 | 0 | 0 | 0 | 1 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 25 | 22 | 23 | 26 | 42 | 44 | |
| Total Assets | 25 | 22 | 23 | 26 | 42 | 44 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0 | 2 | -1 | -1 | -8 | |
| 1 | 0 | -0 | -0 | -1 | |
| -1 | -1 | 0 | 3 | 9 | |
| Net Cash Flow | -1 | 1 | -1 | 2 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 54 | 62 | 30 | 28 | 85 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 54 | 62 | 30 | 28 | 85 |
| Working Capital Days | 35 | 43 | 27 | 43 | 86 |
| ROCE % | 10% | 18% | 13% | 6% |
Documents
Announcements
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
20 April 2025 - Marinetrans exempt from certain SEBI governance rules for FY ending March 31, 2025.
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Price movement
11 April 2025 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Structural Digital Database
4 April 2025 - Submission of SEBI SDD compliance certificate for quarter and fiscal year ended March 31, 2025
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
4 April 2025 - Certificate under Regulation 74(5) for period ended March 31, 2025
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Trading Window
28 March 2025 - Closure of trading window before financial results.
Business Overview:[1]
a) MIL started with the business of sea freight forwarder, then expanded to Door-to-Door Delivery and 3PL services via informal arrangements with third-party service providers.
b) Currently, it offers customers a comprehensive range of transport management and freight-related services.
c) The company is responsible for obtaining and confirming Sales Booking Requests, confirming the Shipping Line, ensuring Direct Customer Transport, Stuffing, transportation to dock, and coordinating with the customer until delivery.
d) The company primarily acts as a point of contact between the Shipping Line and the customer; it does not directly operate through ports.
e) MIL is dependent on various third-party logistics providers for transportation, customs clearances, and cargo delivery.
f) The company does not hold a Custom House Agent (CHA) license and outsources this role to a CHA forwarder.
g) An internal team (Customer Service and Dispatch Dept.) is responsible for appointing CHA forwarders to handle customs clearance, while the company acts as an intermediary between the customer and the appointed CHA forwarder.