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Marine Electricals (India) LimitedMARINECorporate

Electric Equipment Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹429.00
MCap ₹6,004 Cr · P/E 91.6
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹259 Cr
Sales · Jun 2026
+55.2% YoY
₹28 Cr
Operating Profit · Jun 2026
+66.0% YoY
10.9%
OPM % · Jun 2026
+6.9% YoY
₹18 Cr
Net Profit · Jun 2026
+45.9% YoY
₹1.23
EPS · Jun 2026
+46.4% YoY

📝 Marine Electricals (India) Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Marine Electricals (India) Limited reported revenue of ₹259 crore for the quarter ended June 2026 (Q1 FY27), up 55.2% from ₹167 crore in the same quarter last year, and down 6.4% sequentially over the March 2026 quarter.

Net profit rose 45.9% year-on-year to ₹18 crore, from ₹12 crore. Earnings per share (EPS) came in at ₹1.23.

Operating profit stood at ₹28 crore — an operating margin (OPM) of 10.9%, compared with 10.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Marine Electricals (India) Limited posted revenue of ₹876 crore, a growth of 14.2% over FY25, with a net profit of ₹60 crore (up 55.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹968 crore with a net profit of ₹66 crore.

Valuation snapshot

At the current price of ₹429.00, MARINE has a market capitalisation of ₹6,004 crore and a trailing P/E of about 91.6.

Within the Electric Equipment industry, it is the 4th-largest of the 41 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 68.20%, foreign institutional investors (FIIs) 1.12%, domestic institutional investors (DIIs) 0.41%, public shareholders 30.27% of Marine Electricals (India) Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹6,004 Cr
Current Price ?
₹429.0
P/E ?
91.64above ind
Industry P/E ?
29.80
P/B ?
12.18
P/S ?
6.20
P/FCF ?
-139.62
Enterprise Value ?
₹6,093 Cr
EV/EBITDA ?
57.36
PEG ?
1.76
Earnings Yield ?
1.5%
Dividend Yield ?
0.07%
Profitability & Returns
Sales (TTM) ?
₹968 Cr
OPM ?
11.0%
Profit after tax (TTM) ?
₹66 Cr
EPS (TTM) ?
₹4.68
ROCE ?
18.0%
ROE ?
13.3%
ROA ?
7.4%
Growth
Sales — latest qtr ?
₹259 Cr
PAT — latest qtr ?
₹18 Cr
YoY qtr sales growth ?
55.2%
YoY qtr profit growth ?
45.9%
Sales growth (3y) ?
26%
Sales growth (5y) ?
28%
Profit growth (3y) ?
52%
Profit growth (5y) ?
36%
Financial Health
Debt ?
₹89 Cr
Debt to Equity ?
0.18
Interest Coverage ?
4.2
Current Ratio ?
N/A
Ownership
Promoter holding ?
68.20%
Change in promoter holding ?
-0.25%
Pledged percentage ?
N/A
Market
Return 3 months ?
71.8%
Return 6 months ?
105.7%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 116143101137147237138184194251167222210277259 +55.2% -6.4%
Operating Profit 141110101220132111221726203228 +66.0% -11.8%
Other Income 011214324454424 -14.0% +114.9%
Interest 233334344334484 +37.7% -48.4%
Depreciation 222233344434445 +54.6% +15.9%
Profit Before Tax 1176771710168181522162224 +58.3% +7.9%
Net Profit 84455127135141217121918 +45.9% -7.8%
EPS 0.670.330.280.370.390.960.540.950.390.970.841.200.851.321.23 +46.4% -6.8%
OPM % 11.9% 7.7% 9.6% 7.4% 7.9% 8.4% 9.4% 11.6% 5.9% 8.8% 10.2% 11.7% 9.5% 11.6% 10.9% +6.9% -6.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹767 Cr ₹876 Cr ₹968 Cr +14.2%
Operating Profit ₹68 Cr ₹95 Cr ₹106 Cr +39.9%
OPM % 8.86% 10.84% 10.97% +22.3%
NPM % 5.03% 6.85% 6.77% +36.2%
Other Income ₹14 Cr ₹15 Cr ₹14 Cr +10.5%
Depreciation ₹15 Cr ₹15 Cr ₹17 Cr +1.1%
Interest ₹13 Cr ₹19 Cr ₹20 Cr +42.1%
EBIT ₹53 Cr ₹80 Cr ₹90 Cr +50.7%
PBT ₹52 Cr ₹75 Cr ₹84 Cr +43.5%
Tax ₹7 Cr — ₹6 Cr —
Net Profit ₹39 Cr ₹60 Cr ₹66 Cr +55.6%
EPS ₹2.85 ₹4.21 ₹4.60 +47.7%
Material Cost ₹264 Cr — ₹221 Cr —
Employee Cost ₹27 Cr — ₹20 Cr —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 25272828 +0.0%
Reserves 183224376465 +23.7%
Borrowings 66975589 +61.8%
Other Liabilities 192268266309 +16.2%
Total Liabilities 466616725890 +22.8%
Fixed Assets 66757599 +32.0%
CWIP 061614 -12.5%
Investments 3663 -50.0%
Other Assets 396529627775 +23.6%
Total Assets 466616725890 +22.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -2-755-16 -129.1%
Cash from Investing Activity -28-21-95-17 +82.1%
Cash from Financing Activity 31325237 -28.8%
Net Cash Flow 14124 -66.7%
Free Cash Flow -24-3235-43 -222.9%
CFO/OP 13%4%106%6% -94.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 186186157178 +13.4%
Inventory Days 71725250 -3.8%
Days Payable 161167129135 +4.7%
Cash Conversion Cycle 96918093 +16.2%
Working Capital Days 9579129104 -19.4%
ROCE % 14%15%16%18% +12.5%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 68.45%68.46%68.54%68.20%68.20% +0.0%
FIIs 0.08%0.18%0.65%0.59%1.12% +89.8%
DIIs 0.07%0.12%0.12%0.34%0.41% +20.6%
Public 31.40%31.24%30.69%30.87%30.27% -1.9%
No. of Shareholders 96,33294,68889,67989,03086,580 -2.8%

⚖️ Peer comparison

Industry: Electric Equipment · top 25 of 41 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 VOLTAMP Voltamp Transformers ₹11,006.00 11,135 35.1 2,274 317 16.0% 14.0% 11.3% -6.1% 28.3% 14.0%
2 TARIL Transformers And Rectifiers ₹291.30 8,744 28.5 2,831 313 16.4% 11.1% 24.2% 25.6% 60.7% 119.9%
3 SPECTRUM Spectrum Electrical ₹3,729.90 6,373 102.0 682 57 15.3% 8.4% 29.9% 77.2% 76.5% 131.9%
4 MARINE Marine Electricals ₹377.45 5,282 82.1 968 66 11.0% 6.8% 14.2% 55.6% 55.2% 45.9%
5 INDOTECH Indo Tech ₹3,323.80 3,530 35.5 846 99 15.1% 11.7% 28.0% 45.3% 39.0% 34.1%
6 WEBELSOLAR Websol Energy ₹75.52 3,279 10.3 1,203 313 37.4% 26.0% 82.1% 94.5% 70.1% 16.1%
7 RELTD Ravindra Energy ₹139.32 2,766 33.7 543 82 24.2% 15.0% 116.6% 265.6% -16.4% 0.0%
8 UEL Ujaas Energy ₹200.99 2,681 n/m 18 4 -19.3% 21.8% -34.7% -64.3% 14.5% 30.8%
9 RISHABH Rishabh Instruments ₹684.55 2,649 32.6 783 82 16.7% 10.5% 7.6% 289.8% 4.4% -3.2%
10 BBL Bharat Bijlee ₹2,246.80 2,540 22.7 2,355 112 6.5% 4.7% 19.5% -10.4% 17.7% -29.9%
11 EXICOM Exicom Tele-Systems ₹162.72 2,263 — 1,278 -265 -6.8% -20.7% 17.7% -584.4% 61.5% 11.4%
12 ALPEXSOLAR Alpex Solar ₹838.95 2,143 10.7 2,346 200 14.1% 8.5% 185.0% 143.4% 32.5% -5.1%
13 HONDAPOWER Honda India ₹1,930.30 1,958 29.7 900 66 9.7% 7.3% 9.1% -20.0% 22.1% 23.3%
14 HPL HPL Electric ₹284.15 1,827 20.0 1,944 92 14.8% 4.7% 6.6% -2.7% 34.5% 1.2%
15 IKIO IKIO Technologies ₹211.58 1,635 34.0 644 51 13.6% 7.9% 22.4% 28.8% 41.1% 452.3%
16 SERVOTECH Servotech Renewable ₹68.95 1,557 39.7 751 35 10.3% 4.7% -0.3% -3.3% 57.8% 77.0%
17 MODISONLTD MODISON ₹445.00 1,444 12.8 980 113 17.5% 11.5% 44.8% 193.8% 92.2% 99.8%
18 IGARASHI Igarashi Motors ₹425.45 1,339 81.7 912 16 9.6% 1.8% 3.3% -49.8% 22.5% 169.6%
19 ICEMAKE Ice Make ₹692.00 1,092 89.6 668 12 6.7% 1.8% 39.4% -47.6% 41.9% -14.3%
20 APS Australian Prem ₹520.15 1,049 18.6 689 56 13.4% 8.1% — — 43.7% 7.7%
21 WEL Wonder Electricals ₹72.50 972 80.6 734 12 4.4% 1.6% -26.8% -52.0% 51.0% 264.7%
22 SWELECTES Swelect Energy ₹608.40 945 22.1 610 44 22.6% 7.2% 5.7% 325.4% -26.2% -63.8%
23 SALZERELEC Salzer Electronics ₹501.30 886 20.3 1,815 44 7.5% 2.4% 24.0% -22.2% 12.9% -51.7%
24 SAHAJSOLAR Sahaj Solar ₹395.90 870 29.4 419 29 12.4% 7.0% — — 32.8% 6.3%
25 KECL Kirloskar Electric ₹121.07 804 107.1 561 7 5.5% 1.3% 8.4% 270.9% -21.5% -1526.2%
❓ Frequently asked questions
What was Marine Electricals (India) Limited's revenue in Q1 FY27?
Marine Electricals (India) Limited reported revenue of ₹259 crore for the quarter ended June 2026 (Q1 FY27), up 55.2% from ₹167 crore in the same quarter last year, and down 6.4% sequentially over the March 2026 quarter.
What was Marine Electricals (India) Limited's net profit in Q1 FY27?
Net profit rose 45.9% year-on-year to ₹18 crore, from ₹12 crore. Earnings per share (EPS) came in at ₹1.23.
What is MARINE's market capitalisation and P/E ratio?
At the current price of ₹429.00, MARINE has a market capitalisation of ₹6,004 crore and a trailing P/E of about 91.6.
Who owns Marine Electricals (India) Limited? (shareholding pattern)
As of Jun 2026, promoters held 68.20%, foreign institutional investors (FIIs) 1.12%, domestic institutional investors (DIIs) 0.41%, public shareholders 30.27% of Marine Electricals (India) Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI