NSE: MARINE – Today we will talk about a multibagger stock that has hit the upper circuit twice in a row and has also received orders twice. This stock has given a return of 214.80% annually. And the good thing is that the price of this share is below Rs 100.
Marine Electricals India Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.
About marine electricals (India) ltd
Integrated Technical Services Provider
Marine Electricals stands as a leading integrated technical services provider, specializing in the realms of electrical automation and information and communication technology solutions. Our commitment extends to delivering integrated and multidisciplinary total solutions that enhance business processes, driving efficiency not only for our customers but also for those they serve.
Root Company
- Narhari Engineering – http://www.narhariengg.com/
- Automatic Electronic corporation
- Mcgeoch Marine Electricals – http://mcgeoch-marine.com/
Towards a Sustainable Society
At Marine Electricals, we go beyond providing technical solutions; we contribute to building a sustainable society. Our offerings align with global initiatives for environmental responsibility and long-term societal well-being.
Global Marine Market Leadership
Marine Electricals holds a prominent position in the global marine market, grounded in the robust legacy of companies such as Marine Electricals, Narhari Engineering Works, Automatic Electronic Corporation, and McGeoch Marine Electricals. We specialize in creating innovative, tailor-made technology solutions with a strategic focus on the entire lifecycle of each vessel.
Services: Navigating Complexity with Expertise
Meeting the Demands of Evolving Maritime Technology
As onboard technology becomes increasingly complex and specialized crews diminish, Marine Electricals recognizes the critical need for swift response and crisis management. Our dedicated services organization offers a comprehensive spectrum of high-quality services, covering repairs, corrective and preventive maintenance, upgrades, life extensions, and parts across Electrical Power Generation, Power Distribution, Automation and Power Management Systems, Navigation and Communication Systems, and various other Electrical and Electronic Systems—both Marine Electricals and third-party supplied.
Global Support Network
Leveraging decades of experience, our team of dedicated service engineers and partners enables us to support customers worldwide. Our smart solutions and reliable connectivity infrastructure facilitate remote maintenance and monitoring, ensuring operational resilience.
Accessible Anytime, Anywhere
For 24/7/365 support, our service desk is just a call away. Contact us via the central details provided at the Marine Electricals Service Desk, ensuring uninterrupted assistance in every maritime scenario.
Marine Electricals (India) Ltd received 2 big order
Orders Propelling Growth: A Worth of Rs 27.97 Crore
Fueling Expansion Through Diverse Ventures
Order Breakdown:
- Hooghly Cochin Shipyard
- Scope: Procurement of Electrical Package for IWAI Hybrid Vessel
- Duration: 10 months
- Garden Reach Shipbuilders & Engineers
- Scope: Supply of B&D Spares for IBS Project SVL to CPRO, Visakhapatnam, and Kerala
- Duration: 6 months
- Deepak Chem Tech
- Scope: Supply of LT Panels
- Duration: 5 months
These substantial orders, totaling Rs 27.97 crore, underscore the company’s diverse capabilities and commitment to excellence across varied projects and timelines.
Marine Electricals (India) Ltd hit 2 times upper circuit
Marine Electricals (India) Ltd’s share has hit the upper circuit twice. For the first time Rs. It hit 93.10 and the second time it hit 97.75.
Fundamental Analysis of Marine Electricals (India) Ltd
| Financial Metrics | Amount (in ₹ Crore) |
|---|---|
| Market Cap | ₹ 1,266.50 Cr. |
| Enterprise Value | ₹ 1,306.20 Cr. |
| No. of Shares | 12.96 Cr. |
| P/E (Price/Earnings) | 52.29 |
| P/B (Price/Book) | 6.51 |
| Face Value | ₹ 2 |
| Dividend Yield | 0% |
| Book Value (TTM) | ₹ 15.02 |
| Cash | ₹ 16.13 Cr. |
| Debt | ₹ 55.83 Cr. |
| Promoter Holding | 73.84% |
| EPS (TTM) | ₹ 1.87 |
| Sales Growth | 21.18% |
| ROE (Return on Equity) | 12.21% |
| ROCE (Return on Capital Employed) | 17.03% |
| Profit Growth | 56.47% |
Marine Electricals (India) Ltd Shareholding Pattern
| Ownership Summary | Nov 24, 2023 | Dec 2022 |
|---|---|---|
| Promoter | 72.9% | 73.2% |
| FII | 0.0% | 0% |
| DII | 0% | 0% |
| Public | 27.1% | 26.8% |
Marine Electricals (India) Ltd Share: Last 5 Years’ Financial Condition
To enhance our comprehension of the market performance, let’s examine the historical outlook of this share in previous years. Nevertheless, investors should exercise caution by considering the associated risks and prevailing market conditions before making any investment decisions.
Last 5 Years’ Sales:
| PARTICULARS | SEP 2022 | DEC 2022 | MAR 2023 | JUN 2023 | SEP 2023 |
|---|---|---|---|---|---|
| Net Sales | 80.04 | 116.40 | 129.68 | 86.08 | 121.42 |
Last 5 Years’ Net Profit:
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Net Profit | 7.78 | 4.75 | 7.83 | 12.47 | 19.51 |
Last 5 Years’ Profit Growth Ratios
Profit Growth:
- 1-Year: 56.47%
- 3-Year: 60.17%
- 5-Year: 10.72%
| Years | Net Profit (%) |
| 2023 | 7.78 |
| 2022 | 4.75 |
| 2021 | 7.83 |
| 2020 | 12.47 |
| 2019 | 1.51 |
Last 10 years’ Return on Equity (ROE):
- 1-Year: 12.21%
- 3-Year: 9.07%
- 5-Year: 7.76%
| Years | ROE (%) |
| 2023 | 7.79 |
| 2022 | 3.8 |
| 2021 | 6.03 |
| 2020 | 8.98 |
| 2019 | 12.21 |
Marine Electricals (India) Ltd Share peers company
- Jash Engineering
- Everest Kanto Cylind
- Rajoo Engineers
- Hercules Hoists
- Forbes & Company
Future of Marine Electricals (India) Ltd Share Share Price
The most notable aspect of Marine Electricals (India) Ltd shares is its impressive performance. The company has demonstrated a robust profit growth of 60.17% over the past three years. Additionally, it has exhibited commendable revenue growth of 23.86% during the same period. Further contributing to its financial efficiency, the company maintains a favorable Cash Conversion Cycle of 69.74 days. Moreover, it boasts a substantial promoter holding of 73.84%.
Should You Invest In Marine Electricals (India) Ltd Share Shares?
Good to buy
Conclusion
This article serves as a comprehensive guide to Marine Electricals (India) Ltd Share
The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail.
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Disclaimer:
Dear readers, please be advised that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided on this site is solely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Additionally, share price predictions are intended for reference purposes only and are valid only under positive market conditions.
This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.