Marine Electricals bags orders worth Rs 44.22 crore from defence shipbuilders

Govt Defence OrderBusiness Updates View source PDF Explain this filing

MARINE · price

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Price reactionminutes from the announcement price · days from the prior close

-2.7%Reaction day

₹244.30

prior close

₹240.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-1.3% vs market

Industrial Products peers, median of 131sector-1.0%-1.7% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.7 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

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+0.4

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-1.4-1.3-1.0-1.7

Next day

-4.4-2.5-1.9-2.3-2.1

+0.0+0.4-0.4-0.7+0.7

+0.7+2.2-1.5+0.9-0.2

+7.7+2.7+4.9+1.9+5.8

+8.8+3.9+5.0+1.9+6.9

+5.8+5.2+0.6+2.3+3.5

15d

+16.4+6.5+9.9+3.5+12.8

+5.7+6.9-1.2+3.7+2.0

+45.3+9.1+36.2+4.4+40.9

+67.9+11.6+56.4+6.3+61.7

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

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AI summary

Marine Electricals has received orders worth about Rs 44.22 crore (excluding taxes). These include an electrical turnkey package from Garden Reach Shipbuilders and Engineers, supply of switchboards and electrical equipment from Udupi Cochin Shipyard, and an Integrated Bridge System from Material Organisation Vizag. Delivery timelines range from 4 to 14 months across the three orders.

Likely market impact

Positive for revenue visibility across multiple quarters. Orders from defence-linked shipbuilders strengthen the company's naval order book.