Marine Electricals
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Marine Electricals (India) received orders totalling about ₹362.34 crore excluding taxes for supply of power distribution systems. One award came from Princeton Digital Group (India) Management Private Limited with delivery over 12-15 months, while a letter of intent came from DXDC Chennai Private Limited with delivery over 4-5 months. The bundle followed a ₹250.78 crore power distribution bundle in late September from Digital Edge, Socomec India and STT Global Data Centres, and first-quarter wins that largely clustered between ₹44 crore and ₹115 crore. Industry work accounted for about 60% of ₹259 crore revenue in the June quarter and about two-thirds of the ₹2,073 crore order book that month, led by data-centre demand. Consolidated revenue was about ₹877 crore in the year to March, the company held a net cash position, and a new 160,000 sq ft Goa plant for data-centre power units became operational in mid-September.
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Marine Electricals (India) received orders totalling about ₹362.34 crore excluding taxes for supply of power distribution systems. One award came from Princeton Digital Group (India) Management Private Limited with delivery over 12-15 months, while a letter of intent came from DXDC Chennai Private Limited with delivery over 4-5 months. The bundle followed a ₹250.78 crore power distribution bundle in late September from Digital Edge, Socomec India and STT Global Data Centres, and first-quarter wins that largely clustered between ₹44 crore and ₹115 crore. Industry work accounted for about 60% of ₹259 crore revenue in the June quarter and about two-thirds of the ₹2,073 crore order book that month, led by data-centre demand. Consolidated revenue was about ₹877 crore in the year to March, the company held a net cash position, and a new 160,000 sq ft Goa plant for data-centre power units became operational in mid-September.
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** Shares of Marine Electricals (India) MARN.NS rise 7.2% to 468.20 rupees
** Electrical components and equipments co receives orders worth 3.94 billion rupees ($40.92 million)
** Co secures orders from Web Werks (India), CtrlS Datacenters, Garden Reach Shipbuilders & Engineers and Navayuga Engineering
** MARN receives order for power distribution systems, data center infrastructure, ship electrical work and vessel traffic management system (VTMS) for port project
** Stock more than doubled YTD, up 116.79%
($1 = 96.2850 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
** Shares of Marine Electricals (India) MARN.NS rise 7.2% to 468.20 rupees
** Electrical components and equipments co receives orders worth 3.94 billion rupees ($40.92 million)
** Co secures orders from Web Werks (India), CtrlS Datacenters, Garden Reach Shipbuilders & Engineers and Navayuga Engineering
** MARN receives order for power distribution systems, data center infrastructure, ship electrical work and vessel traffic management system (VTMS) for port project
** Stock more than doubled YTD, up 116.79%
($1 = 96.2850 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
Marine Electricals (India) received three orders totalling about Rs 250.78 crore, excluding taxes, for supply of power distribution systems. The orders came from Digital Edge DC (India), Socomec India and STT Global Data Centres India, with deliveries scheduled over four months to 10-12 months. It followed an Rs 784 crore order intake in the first quarter, including eight disclosed wins totalling about Rs 704 crore led by a Rs 208.7 crore award from Adani Infra and orders from Larsen & Toubro and Princeton Digital Group. The company's order book stood at Rs 2,073 crore at the end of June, with about two-thirds from industrial customers led by data centres. The company reported consolidated revenue of about Rs 877 crore for the year to March and put a new 160,000 sq ft plant in Goa into operation in September to make power train units for data centres.
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Marine Electricals (India) received three orders totalling about Rs 250.78 crore, excluding taxes, for supply of power distribution systems. The orders came from Digital Edge DC (India), Socomec India and STT Global Data Centres India, with deliveries scheduled over four months to 10-12 months. It followed an Rs 784 crore order intake in the first quarter, including eight disclosed wins totalling about Rs 704 crore led by a Rs 208.7 crore award from Adani Infra and orders from Larsen & Toubro and Princeton Digital Group. The company's order book stood at Rs 2,073 crore at the end of June, with about two-thirds from industrial customers led by data centres. The company reported consolidated revenue of about Rs 877 crore for the year to March and put a new 160,000 sq ft plant in Goa into operation in September to make power train units for data centres.
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** Shares of Marine Electricals (India) MARN.NS rises as much as 5.1% to 434.90 rupees; stock last up 3.5%
** Electrical components and equipment co receives orders worth 2.51 billion rupees ($26.16 million)
** Co secures orders from Digital Edge DC, Socomec India and STT Global Data Centres India for supply of power distribution system
** MARN to supply orders within 10-12 months to Digital Edge and STT and will supply order in 4 months to Socomec India
** Stock up 99.73% YTD
($1 = 95.9475 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
** Shares of Marine Electricals (India) MARN.NS rises as much as 5.1% to 434.90 rupees; stock last up 3.5%
** Electrical components and equipment co receives orders worth 2.51 billion rupees ($26.16 million)
** Co secures orders from Digital Edge DC, Socomec India and STT Global Data Centres India for supply of power distribution system
** MARN to supply orders within 10-12 months to Digital Edge and STT and will supply order in 4 months to Socomec India
** Stock up 99.73% YTD
($1 = 95.9475 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
Sept 22 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
CO, MARITIME 3 GROUP SIGN AGREEMENT TO DEVELOP INDIGENOUS AIS BASE STATION
Further company coverage: MARN.NS
(([email protected];))
Sept 22 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
CO, MARITIME 3 GROUP SIGN AGREEMENT TO DEVELOP INDIGENOUS AIS BASE STATION
Further company coverage: MARN.NS
(([email protected];))
Sept 21 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) - EXPANDED ITS MANUFACTURING AND OPERATIONAL CAPACITY WITH THE LAUNCH OF ITS NEW PLANT AT GOA
MARINE ELECTRICALS (INDIA) - FACILITY WILL FOCUS ON MANUFACTURING OF PTU’S FOR DATA CENTERS, SHORE CONVERSION SYSTEMS FOR PORTS
MARINE ELECTRICALS (INDIA) - FACILITY EXPECTED TO REACH 800 PTUS PER YEAR CAPACITY BY MARCH 2027
Further company coverage: MARN.NS
(([email protected];))
Sept 21 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) - EXPANDED ITS MANUFACTURING AND OPERATIONAL CAPACITY WITH THE LAUNCH OF ITS NEW PLANT AT GOA
MARINE ELECTRICALS (INDIA) - FACILITY WILL FOCUS ON MANUFACTURING OF PTU’S FOR DATA CENTERS, SHORE CONVERSION SYSTEMS FOR PORTS
MARINE ELECTRICALS (INDIA) - FACILITY EXPECTED TO REACH 800 PTUS PER YEAR CAPACITY BY MARCH 2027
Further company coverage: MARN.NS
(([email protected];))
Marine Electricals (India) received orders aggregating ₹80.77 crore for power distribution systems from DXDC Chennai and Micron Semiconductor Technology India. The package comprised a ₹43.52 crore letter of intent from DXDC for supply, installation, testing and commissioning, and a confirmed ₹37.25 crore order from Micron for supply. Delivery for both was scheduled over four to five months. The company had received power-distribution orders of ₹398.81 crore and ₹229.73 crore from other customers in the preceding days. Standalone revenue was ₹533.73 crore in the year to March 2024.
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Marine Electricals (India) received orders aggregating ₹80.77 crore for power distribution systems from DXDC Chennai and Micron Semiconductor Technology India. The package comprised a ₹43.52 crore letter of intent from DXDC for supply, installation, testing and commissioning, and a confirmed ₹37.25 crore order from Micron for supply. Delivery for both was scheduled over four to five months. The company had received power-distribution orders of ₹398.81 crore and ₹229.73 crore from other customers in the preceding days. Standalone revenue was ₹533.73 crore in the year to March 2024.
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Marine Electricals received orders worth ₹229.73 crore from Digital Edge DC (India) Private Limited for the supply of power distribution systems, with delivery scheduled over 15 months. The company had received a separate ₹398.81 crore power-distribution order on 31 August from Princeton Digital Group (India) and Classic Electric, with deliveries spread across six to 18 months. Its standalone revenue was ₹534 crore in FY24, with the Marine and Industry segments contributing roughly equal shares.
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Marine Electricals received orders worth ₹229.73 crore from Digital Edge DC (India) Private Limited for the supply of power distribution systems, with delivery scheduled over 15 months. The company had received a separate ₹398.81 crore power-distribution order on 31 August from Princeton Digital Group (India) and Classic Electric, with deliveries spread across six to 18 months. Its standalone revenue was ₹534 crore in FY24, with the Marine and Industry segments contributing roughly equal shares.
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** Shares of Marine Electricals (India) MARN.NS rise 6.4% to 426.3 rupees
** The technical service provider gets orders worth 3.99 billion rupees ($42.1 million) from Princeton Digital Group and Classic Electric
** Company also received an order worth 2.30 billion rupees from Digital Edge DC
** All order for supply of power distribution systems
** ICICI Direct Research says order win strengthens Marine Electricals' order pipeline
** Brokerage says repeated orders from Princeton Digital Group (India) for power distribution systems provides revenue visibility particularly on data-centre power infrastructure
** About 2.7 million shares traded, 2.3x their 30-day moving avg
** Stock nearly doubled on YTD basis
($1 = 94.8175 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
** Shares of Marine Electricals (India) MARN.NS rise 6.4% to 426.3 rupees
** The technical service provider gets orders worth 3.99 billion rupees ($42.1 million) from Princeton Digital Group and Classic Electric
** Company also received an order worth 2.30 billion rupees from Digital Edge DC
** All order for supply of power distribution systems
** ICICI Direct Research says order win strengthens Marine Electricals' order pipeline
** Brokerage says repeated orders from Princeton Digital Group (India) for power distribution systems provides revenue visibility particularly on data-centre power infrastructure
** About 2.7 million shares traded, 2.3x their 30-day moving avg
** Stock nearly doubled on YTD basis
($1 = 94.8175 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: [email protected]))
Marine Electricals received orders worth about ₹398.81 crore, excluding taxes, from Princeton Digital Group (India) Management Private Limited and Classic Electric for power distribution systems. The Princeton Digital Group order was to be delivered over 18 months, while the Classic Electric order was scheduled for delivery over six to eight months. Standalone revenue reached ₹533.73 crore in FY24, with its Marine and Industry businesses contributing roughly equal shares. Revenue grew 37% year on year that year, while trade receivables stood at ₹317 crore.
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Marine Electricals received orders worth about ₹398.81 crore, excluding taxes, from Princeton Digital Group (India) Management Private Limited and Classic Electric for power distribution systems. The Princeton Digital Group order was to be delivered over 18 months, while the Classic Electric order was scheduled for delivery over six to eight months. Standalone revenue reached ₹533.73 crore in FY24, with its Marine and Industry businesses contributing roughly equal shares. Revenue grew 37% year on year that year, while trade receivables stood at ₹317 crore.
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Aug 31 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS AMOUNTING TO TOTAL OF 3.99 BILLION RUPEES
Source text: ID:nnAZN4THB44
Further company coverage: MARN.NS
(([email protected];;))
Aug 31 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS AMOUNTING TO TOTAL OF 3.99 BILLION RUPEES
Source text: ID:nnAZN4THB44
Further company coverage: MARN.NS
(([email protected];;))
Aug 14 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
JUNE-QUARTER CONSOL NET PROFIT 172.7 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.59 BILLION RUPEES
Source text: [ID:]
Further company coverage: MARN.NS
(([email protected];))
Aug 14 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
JUNE-QUARTER CONSOL NET PROFIT 172.7 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.59 BILLION RUPEES
Source text: [ID:]
Further company coverage: MARN.NS
(([email protected];))
July 28 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD- GOT ORDER WORTH 1.42 BILLION RUPEES
Source text: ID:nnAZN4TA9JX
Further company coverage: MARN.NS
(([email protected];))
July 28 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD- GOT ORDER WORTH 1.42 BILLION RUPEES
Source text: ID:nnAZN4TA9JX
Further company coverage: MARN.NS
(([email protected];))
July 24 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS AMOUNTING TO TOTAL OF RS 3.76 BILLION RUPEES
Source text: ID:nNSEbDCNQY
Further company coverage: MARN.NS
(([email protected];))
July 24 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS AMOUNTING TO TOTAL OF RS 3.76 BILLION RUPEES
Source text: ID:nNSEbDCNQY
Further company coverage: MARN.NS
(([email protected];))
June 16 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
RECEIVES ORDERS TOTALING 763.8 MILLION RUPEES
Source text: ID:nNSE8Crcnc
Further company coverage: MARN.NS
(([email protected];;))
June 16 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
RECEIVES ORDERS TOTALING 763.8 MILLION RUPEES
Source text: ID:nNSE8Crcnc
Further company coverage: MARN.NS
(([email protected];;))
June 10 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) - RECEIVES ORDERS TOTALING 442.2 MILLION RUPEES
Source text: ID:nNSE2wQ7rb
Further company coverage: MARN.NS
(([email protected];;))
June 10 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) - RECEIVES ORDERS TOTALING 442.2 MILLION RUPEES
Source text: ID:nNSE2wQ7rb
Further company coverage: MARN.NS
(([email protected];;))
May 27 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD MARCH-QUARTER CONSOL NET PROFIT 184.8 MILLION RUPEES
MARINE ELECTRICALS (INDIA) LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.77 BILLION RUPEES
Source text: ID:nNSE8dy3cP
Further company coverage: MARN.NS
(([email protected];))
May 27 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD MARCH-QUARTER CONSOL NET PROFIT 184.8 MILLION RUPEES
MARINE ELECTRICALS (INDIA) LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.77 BILLION RUPEES
Source text: ID:nNSE8dy3cP
Further company coverage: MARN.NS
(([email protected];))
May 26 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 964 MILLION RUPEES
Source text: ID:nNSE5JJVrf
Further company coverage: MARN.NS
(([email protected];))
May 26 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 964 MILLION RUPEES
Source text: ID:nNSE5JJVrf
Further company coverage: MARN.NS
(([email protected];))
May 18 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 2.09 BILLION RUPEES
Source text: ID:nNSE43FDrW
Further company coverage: MARN.NS
(([email protected];))
May 18 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 2.09 BILLION RUPEES
Source text: ID:nNSE43FDrW
Further company coverage: MARN.NS
(([email protected];))
** Shares of Marine Electricals (India) MARN.NS rise as much as 3.3%, last up 1.8% at 175.5 rupees
** Electrical equipment maker gets order worth 1.15 bln rupees ($12.4 mln) from Larsen and Toubro LART.NS for boards and panels for semiconductor manufacturing facility at Dholera, in the western state of Gujarat
** Stock set to rise for a third straight session
** YTD, MARN down ~19%
($1 = 93.0600 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Marine Electricals (India) MARN.NS rise as much as 3.3%, last up 1.8% at 175.5 rupees
** Electrical equipment maker gets order worth 1.15 bln rupees ($12.4 mln) from Larsen and Toubro LART.NS for boards and panels for semiconductor manufacturing facility at Dholera, in the western state of Gujarat
** Stock set to rise for a third straight session
** YTD, MARN down ~19%
($1 = 93.0600 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
March 23 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
RECEIVES ORDERS TOTALING 90 MILLION RUPEES FROM SYNERGY SHIPBUILDERS
Source text: ID:nNSE9d6mWQ
Further company coverage: MARN.NS
(([email protected];))
March 23 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
RECEIVES ORDERS TOTALING 90 MILLION RUPEES FROM SYNERGY SHIPBUILDERS
Source text: ID:nNSE9d6mWQ
Further company coverage: MARN.NS
(([email protected];))
March 16 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS TOTALING 171.2 MILLION RUPEES
Source text: [ID:]
Further company coverage: MARN.NS
(([email protected];;))
March 16 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS TOTALING 171.2 MILLION RUPEES
Source text: [ID:]
Further company coverage: MARN.NS
(([email protected];;))
March 10 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS TOTALING 272.1 MILLION RUPEES
Source text: ID:nnAZN4SKFN0
Further company coverage: MARN.NS
(([email protected];;))
March 10 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVED ORDERS TOTALING 272.1 MILLION RUPEES
Source text: ID:nnAZN4SKFN0
Further company coverage: MARN.NS
(([email protected];;))
Feb 27 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 274.9 MILLION RUPEES
Source text: ID:nNSE2YK2l5
Further company coverage: MARN.NS
(([email protected];))
Feb 27 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 274.9 MILLION RUPEES
Source text: ID:nNSE2YK2l5
Further company coverage: MARN.NS
(([email protected];))
Feb 17 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 190.9 MILLION RUPEES
Source text: ID:nNSE3z3XBw
Further company coverage: MARN.NS
(([email protected];))
Feb 17 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - RECEIVES ORDERS TOTALING 190.9 MILLION RUPEES
Source text: ID:nNSE3z3XBw
Further company coverage: MARN.NS
(([email protected];))
Feb 16 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
RECEIVED ORDERS TOTALING 340.9 MILLION RUPEES
Source text: ID:nnAZN4SGV2Y
Further company coverage: MARN.NS
(([email protected];))
Feb 16 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
RECEIVED ORDERS TOTALING 340.9 MILLION RUPEES
Source text: ID:nnAZN4SGV2Y
Further company coverage: MARN.NS
(([email protected];))
Feb 12 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - GOT ORDER WORTH 151.5 MILLION RUPEES
Source text: ID:nnAZN4SG8QO
Further company coverage: MARN.NS
(([email protected];))
Feb 12 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD - GOT ORDER WORTH 151.5 MILLION RUPEES
Source text: ID:nnAZN4SG8QO
Further company coverage: MARN.NS
(([email protected];))
Feb 11 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD DEC-QUARTER CONSOL NET PROFIT 117.8 MILLION RUPEES
MARINE ELECTRICALS (INDIA) LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.1 BILLION RUPEES
Source text: ID:nNSEhHkgD
Further company coverage: MARN.NS
(([email protected];;))
Feb 11 (Reuters) - Marine Electricals (India) Ltd MARN.NS:
MARINE ELECTRICALS (INDIA) LTD DEC-QUARTER CONSOL NET PROFIT 117.8 MILLION RUPEES
MARINE ELECTRICALS (INDIA) LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.1 BILLION RUPEES
Source text: ID:nNSEhHkgD
Further company coverage: MARN.NS
(([email protected];;))
** Marine Electricals MARN.NS rises ~8% to 197.22 rupees
** Electrical equipment maker gets order worth 2.84 billion rupees ($30.94 million)
** More than 490,000 shares exchange hands so far, about 2x the 30-day avg volume
** MARN fell 16.1% in 2025
($1 = 91.7950 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Marine Electricals MARN.NS rises ~8% to 197.22 rupees
** Electrical equipment maker gets order worth 2.84 billion rupees ($30.94 million)
** More than 490,000 shares exchange hands so far, about 2x the 30-day avg volume
** MARN fell 16.1% in 2025
($1 = 91.7950 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Marine Electricals MARN.NS rises 1.91% to 174.45 rupees
** Electrical equipment maker gets order worth 173.6 mln rupees (~$2 mln) to supply control panels to Allweiler India, a private firm manufacturing screw pumps
** Delivery to be made over 36 months
** YTD, MARN falls 33.6%
($1 = 87.2938 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
** Marine Electricals MARN.NS rises 1.91% to 174.45 rupees
** Electrical equipment maker gets order worth 173.6 mln rupees (~$2 mln) to supply control panels to Allweiler India, a private firm manufacturing screw pumps
** Delivery to be made over 36 months
** YTD, MARN falls 33.6%
($1 = 87.2938 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
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What does Marine Electricals do?
Marine Electricals (India) offers integrated technical services in electrical automation and information technology solutions. They provide innovative total solutions for various industries and are focused on sustainability.
Who are the competitors of Marine Electricals?
Marine Electricals major competitors are Hirect, Concord Control Sys., Virtuoso Optoelectro, IKIO Technologies, Igarashi MotorsIndia, Modison, Salzer Electronics. Market Cap of Marine Electricals is ₹5,447 Crs. While the median market cap of its peers are ₹1,530 Crs.
Is Marine Electricals financially stable compared to its competitors?
Marine Electricals seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Marine Electricals pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Marine Electricals latest dividend payout ratio is 7.19% and 3yr average dividend payout ratio is 9.4%
How has Marine Electricals allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Accounts Receivable
How strong is Marine Electricals balance sheet?
Balance sheet of Marine Electricals is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Marine Electricals improving?
Yes, profit is increasing. The profit of Marine Electricals is ₹80.01 Crs for TTM, ₹58.37 Crs for Mar 2026 and ₹38.43 Crs for Mar 2025.
Is the debt of Marine Electricals increasing or decreasing?
Yes, The net debt of Marine Electricals is increasing. Latest net debt of Marine Electricals is -₹71.39 Crs as of Sep-26. This is greater than Mar-26 when it was -₹211.73 Crs.
Is Marine Electricals stock expensive?
Yes, Marine Electricals is expensive. Latest PE of Marine Electricals is 68.67, while 3 year average PE is 61.07. Also latest EV/EBITDA of Marine Electricals is 41.54 while 3yr average is 32.65.
Has the share price of Marine Electricals grown faster than its competition?
Marine Electricals has given better returns compared to its competitors. Marine Electricals has grown at ~67.99% over the last 3yrs while peers have grown at a median rate of 18.66%
Is the promoter bullish about Marine Electricals?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Marine Electricals is 65.19% and last quarter promoter holding is 68.2%. Please check if dilutions happened via QIP/ Offerings etc.
Are mutual funds buying/selling Marine Electricals?
There is Insufficient data to gauge this.