Marine Electricals (India) Ltd.
Snapshot View

49.40 -1.20 ▼-2.4%

29 July 2021, 03:59:53 P.M.
Volume: 1,279,092

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Engineering - Industrial Equipments Compare with Industry peers
Website http://www.marineelectricals.com
Financial Indicators
Market Cap 605.97 Cr.
Earnings per share (EPS) 1.05 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 46.99 Trailing Twelve Months Ending 2021-03
Industry PE 86.34 Trailing Twelve Months Ending 2021-03
Book Value / Share 13.29 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.72 Calculated using Price: 49.40
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 12.27 Cr. 122,665,250 Shares
FaceValue 2
Company Profile

Marine Electricals (India), was incorporated pursuant to a certificate of incorporation dated December 04, 2007 issued by the Registrar of Companies, Mumbai at Maharashtra, following its conversion from the Erstwhile Partnership Firm to a Private Company. The Status of the company was changed to public limited Company and the name of the company was changed to ‘Marine Electricals (India) Limited’ consequent to conversion of Private Limited Company into Public Limited Company by a special resolution passed on July 25, 2018. A fresh Certificate of Incorporation consequent to the change of name was granted to the company on August 01, 2018 by the Registrar of Companies, Mumbai, Maharashtra.

The company provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. The company has business relationships with global electrical players like Schneider Electric, Siemens, GE. Such strategic tie ups give it the competitive edge over its competitors. Further, it has entered into an agreement with NLC India to provide Solar Power Evacuation system, thus venturing into the renewable energy segment. The company has two manufacturing facilities in South Goa. The company's revenue from operations increased at CAGR of 15.84 from 2013-14 to 2017-18.

Business area of the Company:


Marine Electricals (India), is a company engaged in the business providing Integrated Electrical and Automation Solution Provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc). 

Key Events and Mile Stones:

  • 1978: Started as a Proprietary firm manufacturing Switch Gears for the Indian Navy
  • 1998: Started Supplies into commercial ships for both private shipyards like ABG, BSL, Tebma and govt shipyards. 
  • 2000: Set up its first manufacturing Plant in Goa situated at plot 17-18, Verna Industrial Estate, Verna Taluka, Salcete, South Goa. 
  • 2001: Involved in a large retrofit project of refurbishment of Aircraft carrier INS Viraat electrical equipment.
  • 2003: Started exports of its equipment to UAE and other countries in the Middle East. 
  • 2004: Incorporated McGeoch Marine Electricals Pvt. Ltd. in association with Mcgeoch Technology UK, specialists in Lighting solutions for Royal Navy UK to manufacture these products in India for Indian Navy and Royal Navy.
  • 2004: The running business ofProprietary firm has been taken over by M/s Marine Electricals (a Partnership Firm).
  • 2005: Entry in to Non – Marine Segments – Partnering with Schneider Electric for offering solutions in western region
  • 2006: Set up its Second manufacturing plant in Goa situated at N-51, N-52, N-59 & N-60, Verna Industrial Estate, Survey No. 33, of Verna Village, Verna Taluka, Salcete, South Goa.
  • 2007: Conversion of the Company i.e. 'M/S Marine Electricals' from a partnership firm to private limited Company as 'Marine Electricals (India) Private  Limited' under Companies Act, 1956.
  • 2007: Acquired Automatic Electronic Controls Mfg. Co., a partnership firm involved in manufacturing of specialized Electronic solutions for Indian Navy.
  • 2008: Started export of its equipment into Europe and subsequently into USA
  • 2010: Started Marine Electricals FZC (currently known as MEL Power Systems FZC) to supply competitive IBS solutions to its shipyard customers in India. 
  • 2010: Entered into a non-exclusive re-seller agreement with Northrop Grumman Sperry Marine B. V. for their purchase and re-sale of their products.
  • 2011: Marine Electricals (India) private limited acquired controlling stake in Marine Electricals FZC (currently known as MEL Power Systems FZC), making its subsidiary.
  • 2012: Became a partner in Narhari Engineers, a Partnership firm involved in manufacturing of specialized shock graded motors for the Indian Navy
  • 2012: Largest Partner for Schneider Blokset in India a position it has retained till date
  • 2014: Its subsidiary Marine Electricals FZC (currently known as MEL Power Systems FZC) appointed resellers and service representatives of Northrop Grumman Sperry Marine for UAE
  • 2015: Appointed as a Franchise Partner for Medium voltage solutions upto 33KV by Schneider Electric.
  • 2016 Subsidiary Marine Electricals FZC acquires 75% of an electrical and automation Company STI SRL in Italy. 
  • 2017: Acquired Eltech Engineers Madras Pvt. Ltd., Chennai to increase foot print of electrical equipment in the South.
  • 2017: Awarded order for 50MW Solar Power plant EPC by NLC India Ltd. 
  • 2018: Conversion of Company from private to public i.e. from 'Marine Electricals (India) Private Limited' to 'Marine Electricals (India) Limited'. 
  • 2018: Set up Goa plant situated at Plot No N-54 & N-57, Verna Industrial Estate, Phase- IV, Salcete, South Goa.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.37%
1 Week
-13.41%
1 Month
-23.47%
3 Month
-32.97%
6 Month
+13.04%
1 Year
+173.23%
2 Year
+142.75%
5 Year
7 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 31.45 17.24 16.01 16.18 19.04 7.32 5.87
Return on Capital Employed (%) 29.26 22.61 20.18 21.72 22.74 12.05 10.26
Return on Assets (%) 11.76 6.44 6.40 5.96 5.60 2.52 2.42

Balance Sheet View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 45 53 63 75 96 155 156
Non Curr. Liab. 15 11 11 11 7 16 11
Curr. Liab. 59 77 73 136 245 196 208
Minority Int. 1 1 1 5 7 6 6
Equity & Liab. 121 143 149 227 354 373 381
Non Curr. Assets 40 43 46 62 69 64 65
Curr. Assets 81 100 103 165 285 309 317
Misc. Exp. not W/O
Total Assets 121 143 149 227 354 373 381

Profit Loss View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 212 236 250 272 369 400 289
Other Income 3 3 2 2 3 4 5
Total Income 215 238 252 274 372 404 293
Total Expenditure -193 -216 -229 -246 -337 -378 -265
PBIDT 22 23 23 28 34 26 28
Interest -3 -5 -3 -5 -7 -8 -10
Depreciation -2 -6 -5 -5 -5 -5 -7
Taxation -3 -4 -5 -7 -6 -4 -2
Exceptional Items
PAT 14 9 9 11 16 9 9

Cash Flow View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 14 1 3 16 31 -53 19
Cash Fr. Inv. -2 -8 -8 -18 -23 1 0
Cash Fr. Finan. 1 -7 5 2 3 44 -17
Net Change 14 -14 0 -1 11 -9 2
Cash & Cash Eqvt 21 7 7 5 15 5 8

Shareholding Pattern View Details

8 Qtrs 2018-03 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 100.00 73.52 73.52 73.52 73.52 73.52 73.52 73.52
Public 0.00 26.48 26.48 26.49 26.48 26.48 26.48 26.47
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 13 Jul 2021
Press Release
Marine Electricals (India) Limited has informed the Exchange regarding a press release dated July 12, 2021, titled "Marine Electricals Order Book Reaches Rs. 500 Crore, Gives Future Earning Visibility".
Mon, 12 Jul 2021
Press Release
Marine Electricals (India) Limited has informed the Exchange regarding a press release dated July 12, 2021, titled "Marine Electricals Order Book Reaches Rs. 500 Crore, Gives Future Earning Visibility".
Fri, 09 Jul 2021
Updates
Marine Electricals (India) Limited has informed the Exchange regarding 'Interview of Mr. Vinay Uchil, Chairman and Executive Director, of the Company with Konexio Network, Business News Agency, Mumbai.'.

Technical Scans View Details

Thu, 29 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index

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