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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 104.0
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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.
₹234 Cr
Sales · Jun 2026
+59.2% YoY
₹25 Cr
Operating Profit · Jun 2026
+69.3% YoY
10.5%
OPM % · Jun 2026
+7.1% YoY
₹17 Cr
Net Profit · Jun 2026
+53.7% YoY
₹1.20
EPS · Jun 2026
+51.9% YoY

📝 Marine Electricals (India) Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Marine Electricals (India) Limited reported revenue of ₹234 crore for the quarter ended June 2026 (Q1 FY27), up 59.2% from ₹147 crore in the same quarter last year, and down 4.4% sequentially over the March 2026 quarter.

Net profit rose 53.7% year-on-year to ₹17 crore, from ₹11 crore. Earnings per share (EPS) came in at ₹1.20.

Operating profit stood at ₹25 crore — an operating margin (OPM) of 10.5%, compared with 9.8% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Marine Electricals (India) Limited posted revenue of ₹747 crore, a growth of 6.6% over FY25, with a net profit of ₹52 crore (up 27.2% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹834 crore with a net profit of ₹58 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 104.0.

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, domestic institutional investors (DIIs) 0.41%, promoters held 68.20%, foreign institutional investors (FIIs) 1.12%, 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 ?
104.00above ind
Industry P/E ?
29.80
P/B ?
13.17
P/S ?
7.20
P/FCF ?
-139.62
Enterprise Value ?
₹6,065 Cr
EV/EBITDA ?
66.27
PEG ?
2.31
Earnings Yield ?
1.3%
Dividend Yield ?
0.07%
Profitability & Returns
Sales (TTM) ?
₹834 Cr
OPM ?
11.0%
Profit after tax (TTM) ?
₹58 Cr
EPS (TTM) ?
₹4.13
ROCE ?
19.0%
ROE ?
12.7%
ROA ?
7.5%
Growth
Sales — latest qtr ?
₹234 Cr
PAT — latest qtr ?
₹17 Cr
YoY qtr sales growth ?
59.2%
YoY qtr profit growth ?
53.7%
Sales growth (3y) ?
24%
Sales growth (5y) ?
30%
Profit growth (3y) ?
45%
Profit growth (5y) ?
48%
Financial Health
Debt ?
₹61 Cr
Debt to Equity ?
0.13
Interest Coverage ?
4.3
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 11613086121124202125165185225147173182245234 +59.2% -4.4%
Operating Profit 141199920131612191422172825 +69.3% -12.4%
Other Income 011223325455434 -10.8% +48.2%
Interest 222233333333474 +31.3% -49.4%
Depreciation 221222233322333 +32.8% +7.9%
Profit Before Tax 11967718111313171420152122 +54.9% +5.6%
Net Profit 865551381010131115111517 +53.7% +11.5%
EPS 0.670.490.390.390.401.030.620.730.740.930.791.110.821.101.20 +51.9% +9.1%
OPM % 11.9% 8.5% 10.3% 7.2% 7.6% 10.0% 10.4% 9.6% 6.3% 8.3% 9.8% 12.7% 9.3% 11.4% 10.5% +7.1% -7.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹701 Cr ₹747 Cr ₹834 Cr +6.6%
Operating Profit ₹59 Cr ₹81 Cr ₹92 Cr +37.4%
OPM % 8.46% 10.91% 10.97% +29.0%
NPM % 5.82% 6.95% 6.92% +19.4%
Other Income ₹14 Cr ₹17 Cr ₹16 Cr +17.7%
Depreciation ₹11 Cr ₹10 Cr ₹11 Cr -7.4%
Interest ₹12 Cr ₹17 Cr ₹18 Cr +44.2%
EBIT ₹48 Cr ₹71 Cr ₹80 Cr +48.0%
PBT ₹54 Cr ₹70 Cr ₹78 Cr +30.6%
Tax ₹10 Cr ₹3 Cr ₹5 Cr -64.9%
Net Profit ₹41 Cr ₹52 Cr ₹58 Cr +27.2%
EPS ₹3.02 ₹3.82 ₹4.23 +26.5%
Material Cost ₹380 Cr ₹116 Cr ₹208 Cr -69.5%
Employee Cost ₹30 Cr ₹12 Cr ₹16 Cr -61.4%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 25272828 +0.0%
Reserves 155196349428 +22.6%
Borrowings 55763461 +79.4%
Other Liabilities 138220223254 +13.9%
Total Liabilities 372519635771 +21.4%
Fixed Assets 39464861 +27.1%
CWIP 06135 -61.5%
Investments 26363948 +23.1%
Other Assets 307432534657 +23.0%
Total Assets 372519635771 +21.4%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -6146-29 -163.0%
Cash from Investing Activity -28-24-91-3 +96.7%
Cash from Financing Activity 33245436 -33.3%
Net Cash Flow -0194 -55.6%
Free Cash Flow -25-1630-43 -243.3%
CFO/OP 1%19%98%-11% -111.2%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 163179150183 +22.0%
Inventory Days 55664041 +2.5%
Days Payable 130160114133 +16.7%
Cash Conversion Cycle 88857691 +19.7%
Working Capital Days 7972123101 -17.9%
ROCE % 16%17%18%19% +5.6%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
DIIs 0.07%0.12%0.12%0.34%0.41% +20.6%
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%
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 ₹234 crore for the quarter ended June 2026 (Q1 FY27), up 59.2% from ₹147 crore in the same quarter last year, and down 4.4% sequentially over the March 2026 quarter.
What was Marine Electricals (India) Limited's net profit in Q1 FY27?
Net profit rose 53.7% year-on-year to ₹17 crore, from ₹11 crore. Earnings per share (EPS) came in at ₹1.20.
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 104.0.
Who owns Marine Electricals (India) Limited? (shareholding pattern)
As of Jun 2026, domestic institutional investors (DIIs) 0.41%, promoters held 68.20%, foreign institutional investors (FIIs) 1.12%, 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