Marine Electricals (India) Ltd

About Marine Electricals (India) Ltd

Marine Electricals (India) Ltd is a leading provider of integrated electrical and digital automation solutions for marine, industrial, and defense sectors. It specializes in designing, manufacturing, and supplying switchboards, control systems, and renewable energy solutions, serving both domestic and international markets with a focus on robust engineering.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Marine Electricals (India) Ltd's P/E ratio (TTM) is 91.80, compared to the industry median of 42.62 and large cap median of 47.35.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Marine Electricals (India) Ltd's P/B ratio is 9.86, compared to the industry median of 5.37 and large cap median of 6.45.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Marine Electricals (India) Ltd's P/S ratio is 5.54, compared to the industry median of 7.06 and large cap median of 5.89.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Marine Electricals (India) Ltd's PEG ratio is 2.50.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Marine Electricals (India) Ltd's EV/EBITDA ratio is 43.01.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Marine Electricals (India) Ltd's ROE is 11.97%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Marine Electricals (India) Ltd's ROA is 10.56%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Marine Electricals (India) Ltd's ROCE is 18%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Marine Electricals (India) Ltd's operating margin is 10.72%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Marine Electricals (India) Ltd's net margin is 6.73%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Marine Electricals (India) Ltd's current ratio is 2.08.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Marine Electricals (India) Ltd's debt-to-equity ratio is 0.05.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Marine Electricals (India) Ltd's interest coverage ratio is 5.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Marine Electricals (India) Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Marine Electricals (India) Ltd's EPS is 49.46.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹347. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 2007 (as Marine Electricals (India) Private Limited)
• Headquarters: Mumbai, Maharashtra
• Core Offerings: Integrated Marine Electrical Solutions, Industrial Electrical Systems, Digital Solutions & Automation, Renewable Energy Solutions, Defence Electrical Systems
• Stock Listing: NSE (MARINE), BSE ({bse})
• Promoter: Sukesh Kumar Singh & Vandana Singh

History of Marine Electricals (India) Ltd

Established as a partnership firm in 1982, the company was incorporated as 'Marine Electricals (India) Private Limited' in 2007. It converted into a public limited company in 2013 and subsequently listed on the NSE SME platform in 2018, migrating to the main board of NSE and BSE in 2019. Over decades, it has grown to become a key player in electrical and digital solutions across various sectors.

Business Segments and Revenue Mix

• Marine & Offshore: Design, manufacturing, and supply of integrated electrical systems, switchboards, and control panels for diverse vessel types including naval ships, cargo vessels, and offshore platforms.
• Industrial: Provides tailored electrical solutions, automation, and control systems for various industrial applications, ensuring reliable power distribution and operational efficiency.
• Digital Solutions: Focuses on advanced IoT, remote monitoring, and data analytics for smart marine and industrial systems, enhancing operational intelligence and predictive maintenance.
• Defence & Renewable Energy: Caters to specialized electrical requirements for naval defense applications and develops solutions for renewable energy integration and infrastructure projects.

Key Personnel

Sukesh Kumar Singh - Chairman & Managing Director. With over three decades of experience, he is a visionary leader who has spearheaded the company's growth and diversified its offerings in the marine, industrial, and defense electrical sectors.

Subsidiaries and Associate Companies

• Marine Electricals (Singapore) Pte. Ltd.

Corporate Actions

Bonus Issue: 1:2 in June 2023. Stock Split: From Rs 10 to Rs 2 per share in June 2023.

References

1. Annual Report 2022-23 2. Exchange Filings (NSE/BSE) 3. Company Website & Investor Presentations