Company Overview

Marinetrans India Limited, formerly known as Marinetrans India Private Limited, was incorporated on June 24, 2004, as a Private Company in Mumbai, Maharashtra. The company converted into a Public Limited Company with a fresh Certificate of Incorporation dated May 18, 2023, issued by the Registrar of Companies, Mumbai. The name 'Marinetrans' signifies its specialization in sea freight forwarding. Founded in June 2004 by Mr. Tiraj Kumar Babu Kotian, the company initially focused on sea freight forwarding services. It later expanded to include Door-to-Door Delivery and 3PL services through informal arrangements with third-party providers, and now offers a comprehensive range of transport management and freight-related services.

Business Operations and Service Portfolio

Marinetrans India Limited is engaged in International Freight Forwarding, Non-vessel Common Operating Carrier (NVOCC), and Sea Freight Booking within the Shipping Industry. The company provides comprehensive shipping services including freight forwarding, customs clearance, and project handling, catering to both sea and air freight.

Its service portfolio includes:

- Freight Forwarding: Offering both sea and air freight services.

- Transportation Services: Providing safe and reliable surface transportation for general cargo, as well as heavy and over-dimensional consignments.

- Multimodal Transport: Integrating air, sea, and land transport to ensure efficient and cost-effective door-to-door movement of goods.

- Value-Added Services: Including door-to-door delivery, cargo handling, and packing services for unique requirements like exhibitions.

The company manages the entire logistics process, from obtaining Sales Booking Requests, confirming shipping lines, ensuring direct customer transport, stuffing, transportation to the dock, and coordinating with customers until final delivery.

Stock Performance and Market Position

As of June 30, 2025, Marinetrans India Ltd (MARINETRAN)'s share price on NSE is ₹16.95. The company has a current market capitalization of ₹21.57 Crore. Its 52-week high stands at ₹33.50, and the 52-week low is ₹13.80. Marinetrans India Ltd has experienced a return of -45.16% in the last year.

Classified as a Small Cap company by Value Research, Marinetrans India Ltd (MARINETRAN) operates within the Industrials sector and the Logistics sub-sector. Its major competitors include Transvoy Logistics, Frontline Corp, Inter St. Oil Carrie, MFL India, PDP Shipping & Proj., Cargosol Logistics, and Coastal Roadways.

Financial Performance

Key Financial Metrics (As of June 30, 2025)

- Revenue: ₹379.11 Crore (on a trailing 12-month basis)

- Market Cap: ₹21.63 Crore (as of June 9, 2025)

- P/E Ratio: 43.27

- P/B Ratio: 0.85

The company exhibits an annual revenue de-growth of -29%, indicating a need for improvement. Its pre-tax margin of 1% also requires enhancement. The Return on Equity (ROE) of 1% is considered fair but could be improved. Marinetrans India Ltd is debt-free, boasting a strong balance sheet that supports stable earnings growth across business cycles. For the financial year 2024, MARINETRANS INDIA LTD. declared a dividend of ₹0.0 per share, resulting in a dividend yield of 0.0% at the current market price of ₹17.0.

Corporate Structure and Management

The Managing Director of Marinetrans India Ltd is Mr. Tiraj Kumar Kotian, and Mr. Nikhil Kishor Joshi serves as the Company Secretary. The promoters, Mr. Arunkumar Narayan Hegde and Mr. Tirajkumar Babu Kotian, collectively own 67.00% of the total equity. This promoter holding has remained consistent from March 2024 to March 2025.

Recent Corporate Actions

Marinetrans India Limited made an Initial Public Offering (IPO) in December 2023, raising ₹10.92 Crore by allotting 42,00,000 equity shares of ₹10/- each. The company divested its entire investment in its wholly-owned subsidiary, Seahaul Lines (India) Private Limited, which ceased to be a subsidiary effective March 30, 2024.

Following a Board Resolution on April 10, 2019, approving a Demerger Scheme, Marinetrans India Limited demerged its operations from Safewater Lines India Private Limited. This scheme became effective on April 10, 2019, with Safewater Lines India Private Limited being the resultant company.

The company maintains its registered office at 801/802, 8th Floor, Vindhya Commercial Complex, Sector 11, CBD, Thane, Maharashtra-400614. It continues to operate in the competitive logistics and freight forwarding sector, positioning itself as a specialized service provider in the Indian shipping industry.