What the business is, and whether it's a good one at a fair price.
Manufactures and supplies electrical systems for marine vessels and industrial customers. FY26 revenue of Rs 876.94 crore is split between Marine (52.9% of segment revenue, Rs 464.16 crore) and Industry (47.1%, Rs 412.77 crore) segments. The Marine segment serves shipyards such as Udupi Cochin Shipyard with alarm monitoring systems on 24-month delivery timelines. The Industry segment delivers power distribution systems to data centres and hyperscalers — FY26 order wins include Princeton Digital Group (Rs 96.40 crore, 12-14 months), STT Global Data Centres India, Adani Infra, a Siemens hyperscaler project, and Deepak Chem Tech, with deliveries running 8-24 months. A 99%-owned subsidiary, MEL Heavy Industries (formerly partnership firm Narhari Engineering Works), makes electric motors, pump sets and other electrical products, with stable turnover of around Rs 21-22 crore over the past three years. Materials and components are the dominant cost line, followed by employee costs and other operating expenses. FY26 EBITDA margin stood at 12.49% on total assets of Rs 890.45 crore, with net profit of Rs 58.62 crore.
Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MARINE ELECTRICAL (I) LTD's filed financials and exchange disclosures
MARINE ELECTRICAL (I) LTD is a Industrial Manufacturing company listed on NSE, trading under the symbol MARINE.
Yes. Over the trailing twelve months MARINE ELECTRICAL (I) LTD reported a net profit of ₹65 Cr on revenue of ₹969 Cr.
Yes. The dividend yield is 0.07% at the current price. It paid out 7% of its profit as dividend in FY26.
No. Debt stands at 0.17× equity, and it carries net debt of ₹62 Cr. That is lower than 44% of its 117 Industrial Products peers.
On trailing P/E, MARINE ELECTRICAL (I) LTD ranks 120 of 138 in Industrial Products — cheaper than 13% of them, against an industry median of 26.9×. This is a position, not a valuation judgement.
On a typical session MARINE ELECTRICAL (I) LTD moves 1.94% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MARINE ELECTRICAL (I) LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
