Marine Electricals (India) Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MARINE | Engineering - Industrial Equipments | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Marine Electricals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Marine Electricals (India) stock performance -

mw4me loader
P/E Ratio (SA):
101.54
Market Cap:
3,235.1 Cr.
52-wk low:
0
52-wk high:
0

Is Marine Electricals (India) Ltd an attractive stock to invest in?

1. Is Marine Electricals (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Marine Electricals (India) Ltd is a average quality company.

2. Is Marine Electricals (India) Ltd undervalued or overvalued?

The key valuation ratios of Marine Electricals (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Marine Electricals (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Marine Electricals (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Marine Electricals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Marine Electricals (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.9%19.1%21.7%22.3%22.8%12.5%9.1%11%13.7%17%-
Value Creation
Index
0.50.40.60.60.6-0.1-0.4-0.20.00.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 160189193209288323206200323391573
Sales YoY Gr.-18.5%2.2%8.3%37.4%12.4%-36.3%-2.9%61.6%21.2%-
Adj EPS 0.70.50.90.91.30.60.20.60.91.42.3
YoY Gr.--26.4%64.2%5.8%45.7%-55.2%-63.3%168.2%55.9%50%-
BVPS (₹) 4.34.95.86.88.410.110.210.911.813.916.8
Adj Net
Profit
6.24.67.57.912.17.42.77.311.317.432
Cash Flow from Ops. 9.58.30.89.331-46.521.4-2.938-5.5-
Debt/CF from Ops. 2.52.537.53.41.1-0.91.6-15.20.8-10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.5%6.4%23.9%21.2%
Adj EPS 7.5%0.6%84.4%50%
BVPS13.9%10.7%10.7%18.2%
Share Price - 18.2% 85.2% 300.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.711.516.314.5187.42.25.68.110.715
Op. Profit
Mgn %
7.37.69.59.98.85.58.111.38.48.99
Net Profit
Mgn %
3.92.43.93.84.22.31.33.63.54.45.6
Debt to
Equity
0.60.50.60.50.40.30.30.30.20.3-
Working Cap
Days
0121139157209257405422259239103
Cash Conv.
Cycle
02741584455106120978533

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.00%

Sales growth is growing at healthy rate in last 3 years 23.86%

Net Profit is growing at healthy rate in last 3 years 84.42%

Sales growth is good in last 4 quarters at 39.92%

No data to display

Latest Financials - Marine Electricals (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 2.3 2.1
TTM Sales (₹ Cr.) 573 660
BVPS (₹.) 16.8 18.8
Reserves (₹ Cr.) 204 231
P/BV 13.94 12.50
PE 101.54 109.84
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 3,235
Equity (₹ Cr.) 27.6
Face Value (₹) 2
Industry PE 55.1

Management X-Ray of Marine Electricals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Marine Electricals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales160189193209288323206200323391
Operating Expenses 148175175189263305189177297356
Manufacturing Costs15152223332245
Material Costs110133120130230264150142247296
Employee Cost 9121415171720182226
Other Costs 14161920142117152430
Operating Profit 12141821251817232635
Operating Profit Margin (%) 7.3%7.6%9.5%9.9%8.6%5.5%8.0%11.3%8.1%8.9%
Other Income 2322237466
Interest 3334569869
Depreciation 1654438886
Exceptional Items 0000000000
Profit Before Tax 109131518116111826
Tax 3356631357
Profit After Tax 7689128581220
PAT Margin (%) 4.3%2.9%4.1%4.1%4.1%2.4%2.3%3.9%3.9%5.0%
Adjusted EPS (₹)0.80.60.91.01.30.60.40.61.01.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%31%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3742505975124126134144175
Share Capital 17171717182525252525
Reserves 2025334257100101109120150
Minority Interest0000000000
Debt22172526313930392348
Long Term Debt1289611189418
Short Term Debt1091620292822301930
Trade Payables25372945130951129080105
Others Liabilities 21241927574526343143
Total Liabilities 105120124157294303293297279372

Fixed Assets

Gross Block38475564525944485258
Accumulated Depreciation713182226294141923
Net Fixed Assets32343742263140343334
CWIP 000014140020
Investments 77777121711926
Inventories109515273256595744
Trade Receivables29505878146137121127119174
Cash Equivalents 1465222141210816
Others Assets14141012526248575077
Total Assets 105120124157294303293297279372

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 981931-4621-338-6
PBT 109131518116111826
Adjustment 587891017151414
Changes in Working Capital -3-6-14-810-60-0-2712-39
Tax Paid -3-3-5-5-6-7-2-2-5-6
Cash Flow From Investing Activity -2-8-8-8-21-70-2-11-28
Capex -2-8-8-9-5-100-1-7-20
Net Investments 0000-16300-90
Others 000001005-8
Cash Flow From Financing Activity 2-86-3244-191-2733
Net Proceeds from Shares 000054300011
Net Proceeds from Borrowing 2-41-3-710-22-516
Interest Paid -3-3-3-4-5-6-8-8-6-8
Dividend Paid 00000000-20
Others 3-18310-3-96-1415
Net Cash Flow 9-8-1-312-92-4-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.4513.9417.1615.8117.477.793.86.038.9712.21
ROCE (%)20.919.0721.7122.2822.7912.519.0911.0413.6617.03
Asset Turnover Ratio1.521.681.591.491.281.080.690.681.121.2
PAT to CFO Conversion(x)1.291.330.1312.58-5.754.2-0.383.17-0.3
Working Capital Days
Receivable Days6776102119142160229227139137
Inventory Days231914182733781046547
Payable Days8285101105140155251259126114

Marine Electricals (India) Ltd Stock News

Marine Electricals (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Marine Electricals on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Marine Electricals stood at ₹3,235.1.
The latest P/E ratio of Marine Electricals as of 01-Jan-1970 05:30 is 101.5.
The latest P/B ratio of Marine Electricals as of 01-Jan-1970 05:30 is 13.94.
The 52-week high of Marine Electricals is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marine Electricals is ₹572.9 ( Cr.) .

About Marine Electricals (India) Ltd

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