Marine Electricals (India) Ltd.

NSE: MARINE  SECTOR: Engineering - Industrial Equipments

61.5
-1.6 (-2.54%)

Price Summary

Today's High

₹ 63.9

Today's Low

₹ 58.1

52 Week High

₹ 71.5

52 Week Low

₹ 16

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

754.3912875 Cr.

Enterprise Value

776.3200875 Cr.

No. of Shares

12.266525 Cr.

P/E

118.27

P/B

5.7

Face Value

₹ 2

Div. Yield

0%

Book Value (TTM)

₹  10.7835

CASH

11.5837 Cr.

DEBT

33.5125 Cr.

Promoter Holding

73.52%

EPS (TTM)

₹  0.52

Sales Growth

-35.7389143282669%

ROE

5.00950951481643 %

ROCE

9.51241020008491 %

Profit Growth

3.07065624258285 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-35.74%
3 Year-0.28%
5 Year1.87%

Profit Growth (in Cr.)

1 Year-17.99%
3 Year-9.52%
5 Year2.91%

ROE%

1 Year5.01%
3 Year10.09%
5 Year12.65%

ROCE %

1 Year9.51%
3 Year14.94%
5 Year17.76%

Debt/Equity

0.2568

Price to Cash Flow

43.66

Interest Cover Ratio

2.04978560909174

CFO/PAT (5 Yr. Avg.)

0.109423027779871

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 73.52 0
Dec 2020 73.52 0
Sep 2020 73.52 0
Mar 2020 73.52 0
Sep 2019 73.52 0
* Figures given above are % of equity capital

 Strengths

  • The company has a good cash flow management; CFO/PAT stands at 0.109423027779871.
  • The company has a high promoter holding of 73.52%.

 Limitations

  • The company has shown a poor profit growth of -9.52279268078031% for the Past 3 years.
  • The company has shown a poor revenue growth of -0.276160779857215% for the Past 3 years.
  • Company has high debtor days of 228.282690927263.
  • Company has contingent liabilities of 93.5605 Cr.
  • The company is trading at a high EV/EBITDA of 36.5069.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2020
Net Sales 54.82
Total Expenditure 49.41
Operating Profit 5.4
Other Income 0.94
Interest 1.96
Depreciation 1.89
Exceptional Items 0
Profit Before Tax 2.5
Tax 0.73
Profit After Tax 1.77
Adjusted EPS (Rs) 0.01

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 193.45 209.44 287.66 323.23 207.71
Total Expenditure 175.14 188.71 262.99 305.36 192.48
Operating Profit 18.31 20.73 24.67 17.87 15.23
Other Income 1.82 2.4 1.92 2.82 6.03
Interest 2.68 4.02 4.98 6.3 7.67
Depreciation 4.83 4.37 3.92 3.44 5.54
Exceptional Items 0 0 0 0 0
Profit Before Tax 12.63 14.74 17.69 10.94 8.05
Tax 4.7 6.13 5.97 3.16 1.68
Net Profit 7.93 8.61 11.72 7.78 6.38
Adjusted EPS (Rs.) 0.92 1 1.3 0.63 0.52

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 17.18 17.18 18.04 24.53 24.53
Total Reserves 32.98 41.59 57.44 99.6 105.98
Borrowings 8.56 5.83 1.26 11 8.42
Other N/C liabilities 2.41 3.4 3.68 2.9 2.54
Current liabilities 62.66 89.33 196.6 150.58 160.63
Total Liabilities 123.8 157.34 277.01 288.61 302.1
Assets
Net Block 37.4 41.7 26.04 30.86 39.75
Capital WIP 0 0 13.62 14.43 0
Investments 7.15 7.48 7.46 12.27 12.9
Loans & Advances 3 3.1 3.55 3.34 4.09
Other N/C Assets 0 0 8.73 0.53 5.19
Current Assets 76.25 105.06 217.61 227.18 240.17
Total Assets 123.8 157.34 277.01 288.61 302.1
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 12.63 14.74 17.69 10.94 8.05
Adjustment 7.01 7.8 8.93 10.32 10.96
Working Capital Changes -14.08 -8 10.05 -60.27 0.09
Tax Paid -4.8 -5.24 -5.72 -7.47 -1.83
Operating Cash Flow 0.76 9.29 30.95 -46.47 17.28
Investing Cash Flow -7.85 -8.42 -21.12 -6.7 0.9
Financing Cash Flow 5.86 -3.46 2.26 43.68 -16.5
Net Cash Flow -1.24 -2.59 12.08 -9.5 1.68

Corporate Actions

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Marine Electricals Stock Price Analysis and Quick Research Report. Is Marine Electricals an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a Low P/E are undervalued (it depends on other factors too). Marine Electricals has a PE ratio of 118.269230769231 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Marine Electricals has ROA of 2.15946253316761 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Marine Electricals has a Current ratio of 1.49510969339636 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Marine Electricals has a ROE of 5.00950951481642 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Marine Electricals has a D/E ratio of 0.2568 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Marine Electricals has an Inventory turnover ratio of 4.71062099933665 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Marine Electricals has reported revenue growth of -35.7389143282669 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Marine Electricals for the current financial year is 7.33306276548267 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Marine Electricals is Rs 0 and the yield is 0 %.

Brief about Marine Electricals

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