Marine Electricals (India) Limited witnessed a nearly 4.11% surge in its stock price, hitting an intraday high of ₹232.95, after securing a ₹5.71 crore order from the Indian Navy’s Material Organisation. The order pertains to the supply of an Integrated Bridge System, which the company will deliver within six months.
This order marks a significant milestone for the company, bolstering its presence in the defence sector. The stock, which opened strong, later traded around ₹223.99 per share, with a market capitalization standing at ₹3,089.82 crores.
Established in 1978, Marine Electricals specializes in advanced electrical and automation systems for the marine, industrial, and defence sectors. The company currently holds an order book of ₹497 crore, with the marine segment contributing 59% (₹294 crore) and the industrial segment 41% (₹203 crore).
The company operates 14 service centers along India’s coastline and 18 sales offices across India and the Middle East. It also runs 8 manufacturing units in Goa, Mumbai, Chennai, UAE, and Italy, covering a total of 3 lakh square feet.
Marine Electricals’ clientele includes notable names such as the Indian Navy, ONGC, AdaniConnex, P&G, Nestle, and metro projects in cities like Chennai, Pune, and Bangalore. Its expanding reach and consistent delivery have strengthened its market position domestically and abroad.
Financially, the company reported a revenue increase from ₹237 crore in Q4 FY24 to ₹251 crore in Q4 FY25, a 5.91% growth. Net profit rose 16.67%, reaching ₹14 crore in the same period. Over the past five years, revenue and profit have grown at a CAGR of 23.87% and 44.65% respectively. Its return ratios, ROCE and ROE, stand at 16.3% and 11.6%, while EPS is ₹2.79 and the debt-to-equity ratio remains a healthy 0.14x.
This defence order adds momentum to Marine Electricals’ growth trajectory and cements its position as a reliable partner for the Indian Navy.
