NSE: MARINE · ISIN INE01JE01028
Marine Electricals (India) Limited stock analysis
Marine Electricals (India) Limited ranks #848 in the TickerSutra evidence-ranked universe with a score of 59/100 and 95% data confidence. The latest captured fundamentals show ROCE of 18.2%, quarterly sales growth of 55.2% and quarterly profit growth of 48.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.18×
- 25.6% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹376cr | ₹32cr | ₹13cr | 9.0% |
| 2023 | ₹443cr | ₹39cr | ₹17cr | 9.0% |
| 2024 | ₹622cr | ₹52cr | ₹26cr | 8.0% |
| 2025 | ₹767cr | ₹69cr | ₹38cr | 9.0% |
| 2026 | ₹877cr | ₹94cr | ₹59cr | 11.0% |
| TTM | ₹969cr | ₹106cr | ₹65cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
RoutineAnalysts/Institutional Investor Meet/Con. Call UpdatesNSE · 23 Sept 2026Marine Electricals (India) Limited has informed the Exchange about Schedule of meet
RoutineGeneral UpdatesNSE · 22 Sept 2026Marine Electricals (India) Limited has informed the Exchange about General Updates
RoutineGeneral UpdatesNSE · 22 Sept 2026Marine Electricals (India) Limited has informed the Exchange about General Updates
Positive CatalystGeneral UpdatesNSE · 21 Sept 2026Marine Electricals (India) Limited inaugurated a manufacturing facility in Goa, approximately 160000 sq ft; targeting 800 PTU’s for Data Centers per year by March 2027.
MANAGEMENT COMMENTARY
Signals from filed documents
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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