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Marine Electricals (India) (MARINE)₹389.20−3.14%Industrial Products
In the Jun 2026 quarter (consolidated), Marine Electricals (India) reported sales of ₹259 Cr, up 55.1% from Jun 2025, and net profit of ₹18.05 Cr, up 49.9% year on year. For the year to Mar 2026, sales were ₹878 Cr and net profit ₹59.22 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 137 | 147 | 237 | 138 | 184 | 194 | 251 | 167 | 222 | 210 | 277 | 259 |
| Expenses | 127 | 135 | 218 | 126 | 163 | 183 | 229 | 150 | 197 | 191 | 247 | 232 |
| Operating Profit | 9.99 | 10.99 | 19.98 | 12.99 | 20.96 | 10.99 | 21.99 | 16.99 | 25.96 | 19.98 | 31.98 | 27.95 |
| OPM % | 7.0% | 8.0% | 9.0% | 10.0% | 12.0% | 6.0% | 9.0% | 10.0% | 12.0% | 10.0% | 11.0% | 11.0% |
| Other Income | 1.99 | 0.99 | 3.99 | 2.99 | 1.99 | 3.99 | 3.99 | 4.98 | 3.98 | 3.99 | 1.99 | 3.99 |
| Interest | 2.99 | 2.99 | 3.99 | 2.99 | 3.99 | 3.99 | 2.99 | 2.99 | 3.99 | 3.99 | 7.99 | 3.99 |
| Depreciation | 1.99 | 2.99 | 2.99 | 2.99 | 3.98 | 3.99 | 3.98 | 2.99 | 3.99 | 3.99 | 3.99 | 4.98 |
| Profit before tax | 7.01 | 6.99 | 16.99 | 10.01 | 15.99 | 8.01 | 18.01 | 15.01 | 22.02 | 16.01 | 22.01 | 24.01 |
| Tax % | 29.9% | 22.9% | 27.9% | 26.9% | 20.9% | 39.9% | 26.9% | 24.9% | 25.9% | 23.9% | 16.9% | 25.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 |
| Net Profit | 5.02 | 5.01 | 12.04 | 7.02 | 13.05 | 5.01 | 14.05 | 12.04 | 17.05 | 12.03 | 19.07 | 18.05 |
| EPS (Rs) | 0.36 | 0.37 | 0.95 | 0.53 | 0.91 | 0.37 | 0.96 | 0.83 | 1.19 | 0.84 | 1.31 | 1.22 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 250 | 272 | 369 | 400 | 263 | 251 | 377 | 444 | 623 | 768 | 878 | 969 |
| Expenses | 230 | 247 | 338 | 379 | 241 | 225 | 345 | 405 | 572 | 700 | 784 | 865 |
| Operating Profit | 20.99 | 25.96 | 30.96 | 21.98 | 21.98 | 26.99 | 31.97 | 38.97 | 51.94 | 68.96 | 93.94 | 106 |
| OPM % | 8.0% | 9.0% | 9.0% | 6.0% | 9.0% | 11.0% | 9.0% | 9.0% | 8.0% | 9.0% | 11.0% | 10.9% |
| Other Income | 1.99 | 1.99 | 2.99 | 3.99 | 5.98 | 7.98 | 3.99 | 4.98 | 6.98 | 12.96 | 14.95 | 13.95 |
| Interest | 2.99 | 4.99 | 6.99 | 7.99 | 10.99 | 8.99 | 6.99 | 9.98 | 11.99 | 13.98 | 18.99 | 19.96 |
| Depreciation | 4.98 | 4.98 | 4.98 | 4.98 | 9.97 | 8.97 | 8.97 | 7.98 | 9.96 | 15.94 | 14.95 | 16.95 |
| Profit before tax | 14.01 | 17.99 | 22.99 | 12.99 | 7.99 | 16.99 | 19.01 | 25.01 | 35.99 | 52.01 | 76.02 | 84.05 |
| Tax % | 33.9% | 37.9% | 27.9% | 28.9% | 23.9% | 19.9% | 32.0% | 32.9% | 28.9% | 26.9% | 22.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 | 0.99 | −0.99 | −0.99 |
| Net Profit | 9.02 | 11.03 | 16.04 | 9.02 | 6.02 | 14.05 | 13.04 | 17.04 | 26.10 | 38.13 | 59.22 | 66.20 |
| EPS (Rs) | 1.06 | 1.18 | 1.74 | 0.74 | 0.45 | 1.04 | 1.05 | 1.34 | 1.94 | 2.78 | 4.15 | 4.56 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 19.0% | 0.0% | 0.0% | 10.0% | 11.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17.05 | 17.04 | 17.05 | 18.05 | 25.08 | 25.05 | 25.08 | 25.06 | 25.06 | 27.05 | 28.07 | 28.08 |
| Reserves | 36.06 | 46.06 | 58.03 | 78.11 | 130 | 126 | 138 | 150 | 183 | 224 | 377 | 466 |
| Borrowings | 24.06 | 32.09 | 40.10 | 46.12 | 57.12 | 56.19 | 58.20 | 37.11 | 66.19 | 97.35 | 55.12 | 89.20 |
| Other Liabilities | 65.94 | 53.78 | 112 | 212 | 162 | 176 | 162 | 162 | 192 | 268 | 266 | 308 |
| Total Liabilities | 143 | 149 | 227 | 354 | 373 | 383 | 383 | 373 | 466 | 617 | 726 | 890 |
| Fixed Assets | 39.89 | 42.89 | 55.87 | 38.90 | 42.91 | 52.86 | 47.84 | 48.85 | 65.77 | 74.81 | 74.74 | 98.69 |
| CWIP | 0.00 | 0.00 | 0.00 | 14.03 | 14.04 | 0.00 | 0.00 | 2.01 | 0.00 | 6.01 | 16.04 | 14.04 |
| Investments | 0.00 | 0.00 | 0.00 | 2.99 | 2.99 | 4.98 | 2.99 | 2.99 | 2.99 | 5.99 | 5.99 | 2.99 |
| Other Assets | 104 | 106 | 171 | 297 | 314 | 326 | 332 | 319 | 397 | 530 | 628 | 776 |
| Inventories | 22.01 | 13.02 | 35.03 | 48.04 | 56.04 | 75.07 | 79.13 | 79.02 | 64.10 | 92.10 | 79.05 | 85.05 |
| Trade receivables | 59.15 | 71.21 | 110 | 184 | 190 | 169 | 173 | 172 | 227 | 318 | 332 | 429 |
| Cash & equivalents | 6.97 | 6.97 | 4.99 | 23.91 | 16.95 | 14.94 | 13.95 | 8.96 | 18.93 | 22.94 | 54.79 | 148 |
| Total Assets | 143 | 149 | 227 | 354 | 373 | 383 | 383 | 373 | 466 | 617 | 726 | 890 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 13.01 | 31.07 | −53.10 | 23.05 | 2.01 | 47.11 | −2.01 | −7.01 | 55.05 | −16.01 |
| Cash from investing activity | −15.94 | −22.94 | 0.99 | −0.99 | 0.99 | −18.94 | −27.93 | −20.95 | −94.66 | −16.95 |
| Cash from financing activity | 1.99 | 2.99 | 43.81 | −18.92 | −6.97 | −30.87 | 30.86 | 31.90 | 51.77 | 36.85 |
| Net cash flow | −1.01 | 11.02 | −9.02 | 3.01 | −3.01 | −3.01 | 1.01 | 4.01 | 12.03 | 4.01 |
| Capex | 17.77 | 7.24 | 8.04 | 2.60 | 4.70 | 11.88 | 22.93 | 24.14 | 21.71 | 28.22 |
| Free cash flow | −5.02 | 24.11 | −61.23 | 23.08 | −2.01 | 37.17 | −24.08 | −32.13 | 35.14 | −43.16 |
| CFO / OP % | 74.1% | 118.0% | −205.0% | 111.1% | 18.1% | 167.0% | 13.0% | 4.0% | 106.0% | 6.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 92 | 105 | 149 | 183 | 175 | 236 | 253 | 168 | 187 | 187 | 158 | 179 |
| Inventory days | 46 | 28 | 72 | 60 | 63 | 145 | 165 | 101 | 70 | 71 | 51 | 49 |
| Days payable | 94 | 78 | 168 | 209 | 154 | 292 | 267 | 159 | 161 | 167 | 129 | 135 |
| Cash conversion cycle | 43 | 55 | 52 | 33 | 84 | 90 | 152 | 110 | 96 | 91 | 80 | 93 |
| Working capital days | 49 | 67 | 76 | 16 | 87 | 121 | 157 | 108 | 95 | 79 | 129 | 104 |
| ROCE % | 23.1% | 20.0% | 21.1% | 22.1% | 12.0% | 9.1% | 12.0% | 12.0% | 14.1% | 15.1% | 16.0% | 18.1% |
For the Jun 2026 quarter, Marine Electricals (India) reported sales of ₹259 Cr, up 55.1% year on year and net profit of ₹18.05 Cr, up 49.9% year on year. The operating margin was 11.0%.
Marine Electricals (India)'s sales for the year to Mar 2026 were ₹878 Cr; over the last twelve months they were ₹969 Cr.
Net profit for the year to Mar 2026 was ₹59.22 Cr, and ₹66.20 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.56.
Marine Electricals (India) reported borrowings of ₹89.20 Cr at Mar 2026, against cash and equivalents of ₹148 Cr.
Cash from operations was −₹16.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹43.16 Cr.