Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The company's origins trace back to 1978 when Late Mr. Krishnappa Uchil started a proprietary business to manufacture switchgears for the Indian Navy. After his death in 2004, his family took over the business and transformed it into Marine Electricals India Private Limited in December 2007. In August 2018, the firm was further converted to a public limited company, Marine Electricals India Limited.
The Company operates through two segments: electricals and electronics and solar. The Company's solutions include marine, industrial and renewable energy. Marine Electricals (India) Ltd. is a leading provider of electrical and automation solutions for the marine and offshore industries. The company specializes in designing, manufacturing, and maintaining electrical systems, focusing on quality, safety, and compliance with international standards.
The company's marine solutions include power generation and distribution, navigation and communication, electrical propulsion, integrated platform management systems, information technology and engineering and project management. It offers power generation and distribution, navigation and communication, electrical propulsion, integrated platform management, information technology, and engineering and project management services, as well as turnkey electrical installations for the marine sector.
The company's industrial solutions include voltage (LV) MEcubE3, medium voltage (MV) MEpoweR3, Busduct solution and others. The company operates in two segments, Electricals and Electronics; and Solar.
The manufacturing facilities have all the latest CNC bending and turret punching machines to deliver equipment within the demanding tolerances to meet the requirements of this latest globally offered panels, this is also supported by Company's pre-treatment and painting facilities. The Company has the competence and facilities to provide these state of the art panels starting from design and development to prompt after sales support.
The Company manufacturing facilities are certified as per ISO 9001, ISO 14001, and OHSAS 18001 for the Quality Management system, Environmental Management System and Occupation Health & Safety Management System respectively.
The company is one of India's largest LV and MV Switchgear manufacturers. It has a 50% market share in the electrical segment, it is a tier-1 electrical supplier and an approved vendor with Indian Navy, Indian and Global Shipyards. The company is in business relationships with Schneider Electric, Siemens and GE, and has also entered into an agreement with NLC India Limited to provide solar power evacuation system, venturing into the renewable energy segment.
The company has a market cap of ₹2,858 Cr as of recent data, with promoter holding at 68.4%. The stock is trading at 7.81 times its book value with a dividend yield of 0.10%.
The latest quarterly results demonstrate strong operational performance. Marine Electricals (India) Ltd's net profit jumped 5.6% since last year same period to ₹13.38Cr in the Q4 2024-2025. Revenue stood at ₹250.74Cr as on March 2025 (Q4 FY25) with Net Profit at ₹13.51Cr as on March 2025 (Q4 FY25). For the full fiscal year, the company reported revenue of ₹767 Cr and profit of ₹38.1 Cr.
• Market Capitalization: ₹2,858 Crore (as of recent data)
• Promoter Holding: 68.4%
• Dividend Yield: 0.10%
• Q4 FY2024-25 Performance: Revenue ₹250.74 Cr, Net Profit ₹13.51 Cr
• FY2024-25 Performance: Revenue ₹767 Cr, Net Profit ₹38.1 Cr
• Annual Revenue Growth: 41% (trailing 12-month)
• Profit Growth (5-year CAGR): 46.2%
• Debt to Equity: 11%
• Latest PE Ratio: 62.47
• Latest PB Ratio: 0.16
• EPS Rank: 89 (GOOD)
• RS Rating: 87 (GOOD)
Marine Electricals (India) Ltd has received significant orders and made strategic announcements:
- 16 June 2025: Received a ₹5.71 Cr order from the Indian Navy for Integrated Bridge System delivery (over 6 months).
- 11 June 2025: Received ₹60.44 Cr orders for power distribution systems (with 3-7 months delivery).
- 26 May 2025: Received ₹77.47 Cr orders for Integrated Bridge Systems from two shipbuilders (over 27 months).
- 29 May 2025: Planned to exhibit innovations at Nor-Shipping 2025, June 2-6, Norway (Indian Pavilion Stall B05).
- 30 May 2025: Published audited financial results for quarter and year ended March 31, 2025.
On 4 January 2023, the Company acquired a 75% stake in Xanatos Marine Ltd. Post this transaction, Xanatos Marine Ltd became a subsidiary company of Marine Electricals (India) Ltd. This acquisition strengthened the company's position in the marine electrical solutions market.
The latest PE ratio of Marine Electricals (India) Ltd is 62.47 and the latest PB ratio is 0.16. The 52-week high of Marine Electricals (India) Ltd share price is ₹333.00 while the 52-week low is ₹85.70. The stock has an EPS Rank of 89, which is a GOOD score indicating consistency in earnings, and an RS Rating of 87, which is GOOD, indicating its outperformance compared to other stocks.
Marine Electricals (India) Ltd continues to strengthen its position as a leading provider of electrical and automation solutions, with a strong order book and expanding market presence across marine, industrial, and renewable energy sectors.
