MARINE share price, P/E, ROE & financials

On 6 Nov 2026, Marine Electricals (India) was priced at ₹391.30, or 85.3× trailing earnings, against an industry P/E of 30.0×, and the shares are 20% below their 52-week high. Its ROCE of 16% is the second-lowest among the 7 largest Electrical Equipment & Parts peers, and sales and net profit grew 26% and 51% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.18× equity. It is a small-cap company with a market cap of ₹5,476 Cr, ranked 25th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 80% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹425.10
Day high: ₹436.30
Day low: ₹376.85
Prev. close: ₹442.45
Volume: 43.5 L

Health check

2 good · 2 fair · 2 to check

ReturnsAhead
+80.1% over a year, better than 6 of 7 peers.
Price tagPricier
P/E 85.3 vs industry 30.0.
GrowthStrong
Sales +25.6%, profit +50.9% a year over 3 years.
ProfitabilityAverage
ROCE 16.0% vs peer median 22.1%.
Balance sheetFair
Debt 0.18× equity, interest covered 9.1×, Piotroski 4 of 9.
Red flags2 to check
P/E of 85.3 against an industry P/E of 30.0.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹5,476 Cr, #25 of 97 in its industry by size.

Moves with the market

Beta 1.10 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹969 Cr · profit ₹64 Cr

Market cap: ₹5,476 Cr; Small cap
P/E: 85.3; Industry 30.0
Price to book: 11.11; Peers 7.24
Dividend yield: 0.07%
ROE: 13.0%; Peers 18.0%
ROCE: 16.0%; Peers 22.1%
Debt to equity: 0.18; Debt ₹89 Cr
EPS (TTM): ₹4.59; Face value ₹2
OPM (TTM): 9.3%; Net margin 6.6%
Sales growth: +55.2%; Latest quarter vs a year ago
Profit growth: +48.2%; Latest quarter vs a year ago
Price to sales: 5.65; EV/EBITDA 58.3

Strengths

Quarterly profit up 48.2% on a year ago.
Quarterly sales up 55.2% on a year ago.

Risks to check

P/E of 85.3 against an industry P/E of 30.0.
Promoter stake down from 68.5% to 65.2%.

Derived automatically from reported figures. Not a recommendation.

About Marine Electricals (India)

Marine Electricals (India) Limited manufactures and sells various marine and industrial electrical and electronic components in India and internationally. The company operates through two segments, Marine and Industry. It provides marine and defence solutions that offer power generation and distribution solutions, including main switch boards, automated power management systems, motor controkl centers/group starter panels/local starter panels,…

Headquarters: Mumbai
Employees: 711
Sector: Industrials
ISIN: INE01JE01028
Website: marineelectricals.com

Price range

52 weeks

₹150.86₹490.85

Today

₹376.85₹436.30

Avg volume (3M): 16.1 L
1-year return: plus 80.1%
From 52-week high: minus 20.3%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
CGPOWERCG Power and Industrial Solutions	773.00	minus 4.43%	1,21,785	88.6	72.5	19.3%	13.1%	0.02	21.2%	plus 8.2%
POLYCABPolycab India	7,871.00	plus 0.28%	1,18,613	37.5	29.0	30.4%	13.6%	0.02	26.6%	plus 3.8%
HAVELLSHavells India	1,128.00	plus 5.61%	70,789	42.6	30.0	22.1%	9.1%	0.02	9.9%	minus 28.1%
APARINDSApar Industries	14,106.00	minus 9.65%	59,065	41.6	30.7	26.7%	9.5%	0.12	17.0%	plus 87.2%
KEIKEI Industries	3,988.00	minus 1.80%	38,143	36.1	29.9	18.7%	11.0%	0.04	19.1%	plus 1.8%
HONAUTHoneywell Automation India	30,080.00	minus 0.79%	26,613	47.0	35.7	15.7%	13.8%	0.02	10.9%	minus 17.5%
MARINEMarine Electricals (India)	391.30	minus 11.56%	5,476	85.3	48.7	16.0%	9.3%	0.18	25.6%	plus 80.1%
Median of 7 peers	–	−1.42%	70,789	42.6	30.7	22.1%	13.1%	0.02	19.1%	3.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Sep 25	Dec 25	Mar 26	Jun 26
251	222	210	277	259
233	200	194	250	236
18.1	22.3	16.3	27.7	23.6
7.2%	10.0%	7.8%	10.0%	9.1%
3.7	3.9	3.7	3.5	4.3
3.4	3.9	4.5	7.5	4.1
–	–	–	−1.2	–
18.5	22.3	15.6	22.4	23.7
26.8%	25.6%	24.0%	17.0%	26.3%
13.4	16.5	11.8	18.5	17.3
0.96	1.18	0.85	1.33	1.23

Jun 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +25.6%
Profit CAGR 3Y: +50.9%
EPS CAGR 3Y: +45.8%
ROE: 13.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
442	622	767	876
–	+40.7%	+23.3%	+14.3%
401	563	685	764
40.8	58.7	81.6	112
9.2%	9.4%	10.6%	12.8%
−0.2	1.8	7.3	4.4
6.4	8.4	9.4	9.4
8.1	10.4	15.6	14.8
−1.2	−5.5	−11.5	−16.6
25.1	36.3	52.4	75.8
33.0%	29.1%	27.3%	22.6%
17	25.9	38.4	58.4
–	+52.4%	+48.4%	+51.9%
1.36	2.02	2.81	4.22

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
25.3	26.5	27.6	28
183	224	376	465
65.7	97	55.2	88.6
192	268	266	309
466	616	725	890
37.7	60.2	56	65.8
–	17.1	6.6	14.7
3.5	3.5	3.5	3.5
3.3	7.8	104	107
421	527	555	699
466	616	725	890

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−2.8	−7.4	55.4	−16.1
−27	−21	−95.3	−17.2
31.3	31.9	51.7	37.1
1.5	3.6	11.8	3.9
−23	−24.2	−21.8	−28.3
−25.7	−31.5	33.7	−44.3
–	–	−2.6	−4.1

Shareholding pattern

Source: NSE filings

65.2%

promoters

Promoters65.19%
Public34.81%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	65.19%	34.81%	minus 3.01
30 Jun 2026	68.20%	31.80%	0.00
31 Mar 2026	68.20%	31.80%	0.00
25 Feb 2026	68.20%	31.80%	minus 0.34
31 Dec 2025	68.54%	31.46%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you