Latest news with #MarineElectricals
Mint
17-06-2025
- Business
- Mint
Multibagger small-cap stock jumps 4% after bagging order from Indian Navy. Do you own?
Marine Electricals share price rallied over 4% in early trade on Tuesday after the company received an order from the Indian Navy. The small-cap stock jumped as much as 4.10% to ₹ 232.95 apiece on the NSE. The integrated electrical and automation solutions provider Marine Electricals (India) announced that it has received an order from the Indian Navy for the supply of Integrated Bridge System. The order is worth ₹ 5.71 crore. 'We are pleased to inform you that Marine Electricals (India) Limited has received order amounting to total of ₹ 5.71 crores Excluding Taxes, from Indian Navy Material Organisation for supply of Integrated Bridge System. The delivery of the said goods shall be made over a period of 6 months,' Marine Electricals (India) said in a filing on the National Stock Exchange (NSE). Last week, the company had announced the receipt of multiple orders amounting to a total of ₹ 60.44 crore. Marine Electricals (India) provides integrated electrical and automation solutions and operates through the Marine and Industry segments. The Marine segment provides products and services of navigational equipments etc in new ship building. The Industry segment refers to products and services of power distribution and solutions for industries like data centre, industrial, and large buildings. Marine Electricals share price is listed only on the NSE and not listed on BSE. The small-cap stock has gained 8% in one month, but has dropped 24% in the past six months. On a year-to-date (YTD) basis, Marine Electricals shares have declined 13%, while it has delivered strong returns in the long term. Marine Electricals share price has rallied 57% in one year, and the small-cap stock has delivered multibagger returns of 1,200% over the past five years. At 11:05 AM, Marine Electricals share price was trading 0.06% higher at ₹ 223.90 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
12-06-2025
- Business
- Business Standard
Marine Electricals rises after securing Rs 60 cr power system contracts
Marine Electricals (India) added 1.60% to Rs 234.71 after the company has received three separate contracts for supply and commissioning of power distribution systems amounting to total of Rs 60.44 crore. The first order comes from ACG Universal Capsules for the supply, installation, testing, and commissioning of a power distribution system, with delivery scheduled over 67 months. The second contract was awarded by Agratas Energy Storage Solutions for supply and supervision during installation, testing, and commissioning, also to be delivered over a period of 67 months. The third order was received from DC Development Hyderabad for testing and commissioning services, with execution to be completed within 3 months. Marine Electricals is a one-stop shop for electrical and communication needs. They design, build, and install systems that improve efficiency and sustainability for their clients and their clients' customers. On a consolidated basis, Marine Electricals (India) reported a 5% decline in net profit to Rs 12.82 crore in Q4 FY25, despite a 11.4% rise in net sales to Rs 224.99 crore, compared to the same quarter last year.
Business Standard
28-05-2025
- Business
- Business Standard
Marine Electricals (India) consolidated net profit rises 5.60% in the March 2025 quarter
Sales rise 5.76% to Rs 250.74 crore Net profit of Marine Electricals (India) rose 5.60% to Rs 13.38 crore in the quarter ended March 2025 as against Rs 12.67 crore during the previous quarter ended March 2024. Sales rose 5.76% to Rs 250.74 crore in the quarter ended March 2025 as against Rs 237.08 crore during the previous quarter ended March 2024. For the full year,net profit rose 48.38% to Rs 38.43 crore in the year ended March 2025 as against Rs 25.90 crore during the previous year ended March 2024. Sales rose 23.30% to Rs 767.10 crore in the year ended March 2025 as against Rs 622.12 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 250.74237.08 6 767.10622.12 23 OPM % 8.938.63 - 8.968.32 - PBDT 22.8220.26 13 67.9846.69 46 PBT 18.4517.01 8 52.4136.32 44 NP 13.3812.67 6 38.4325.90 48
