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    Marine Electricals (India) Limited

    Builds electrical, automation & electronics systems for Indian Navy vessels, industry and EV charging.

    Capital Goods
    Industrials
    ₹258.45
    +12.65% from avg

    Overview

    Price

    ₹258.45

    Market Cap

    ₹3.8k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2525252527282828
    Reserves126138150183224376402465
    Borrowings5658376697555689
    Other Liabilities176162162192268266273309
    Total Liabilities383383373466616725759890
    AssetsFixed Assets5348496675759199
    CWIP00206161214
    Investments53336633
    Other Assets325331319396529627652775
    Total Assets383383373466616725759890

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-5323247-2-755-16
    Cash from Investing1-11-19-28-21-95-17
    Cash from Financing44-19-7-3131325237
    SummaryCapital Expenditure
    Free Cash Flow-6123-237-24-3235-43
    FCF Margin

    Valuation

    Assumptions

    Current — MARINE
    Price
    ₹258
    EPS (TTM)
    ₹4.21
    PE (TTM)
    61.4
    Profit growth
    52.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (56.0×) and current (61.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹258
    vs
    Fair value · 15% return
    ₹994
    285%Undervalued

    At 52.3% growth and a 56× exit, ₹258 only delivers your return if you pay ₹994. The price is currently baking in 20% growth.

    EPS grows 52.3%/yr for 5 years, then fades to 6% over 2, exits at 56×.

    YearGrowthEPS (₹)
    FY2752.3%6.41
    FY2852.3%9.77
    FY2952.3%14.87
    FY3052.3%22.65
    FY3152.3%34.50
    FY3229.1% ·fade44.55
    FY336.0% ·fade47.23

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Marine Electricals (India) Limited

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