Marine Electricals (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MARINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.3 pts more than Nifty Microcap 250 and 10.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Marine Electricals reported standalone revenue of Rs 74,694 lakhs for FY2026, up 6.6% from Rs 70,058 lakhs in FY2025. Profit after tax grew 29% to Rs 5,287 lakhs from Rs 4,102 lakhs. Consolidated revenue was Rs 87,694 lakhs with PAT of Rs 5,862 lakhs, up 54% YoY. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding an arbitration award where the company paid Rs 2,186 lakhs principal and Rs 950 lakhs interest to a sub-contractor, with additional provisions made. Operating cash flow turned negative at Rs -2,887 lakhs versus positive Rs 4,556 lakhs in the prior year, primarily due to a surge in trade receivables of Rs 9,470 lakhs. A subsidiary (Eltech Engineers Madras) has accumulated losses with eroded net worth, though the holding company committed to provide financial support.
Strong profitability growth with PAT up 29% is positive for shareholders, but the significant negative operating cash flow despite higher profits raises concerns about working capital management and cash conversion quality. The arbitration-related provisions and subsidiary going concern issues add contingent risk.