Marine Electricals bagged orders worth ₹82 crore from key defence shipbuilders. The stock trades at ₹218.81 with a 12-month gain of 109.39%. The company is set to release its Q4FY25 and FY25 results on May 27, 2025.
Marine Electricals (India) Limited has secured multiple new orders amounting to over ₹82 crore, strengthening its order book across the defence and marine sectors. The company received major orders from Garden Reach Shipbuilders & Engineers Limited, Goa Shipyard Limited and Mazagon Dock Shipbuilders Limited. As of Tuesday, May 27, 2025, the stock is trading at ₹218.81, up by 1.11%.
On a YTD basis, the stock is down by 15.83% while in the last 12 months it has surged by a massive 109.39%.
Marine Electricals (India) Limited has announced that it has secured orders/Letters of Award totalling ₹77.47 crores (excluding taxes). These orders are from Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard Limited for the supply of Integrated Bridge Systems. The company stated that the delivery of these goods will span a period of 27 months.
Along with the above work order Marine Electricals (India) Limited announced on May 26, 2025, that it has received other new orders totalling ₹4.97 crores (excluding taxes) from Mazagon Dock Shipbuilders Limited. These orders are specifically for the supply of spares for the P15B Integrated Bridge System (IBS). The company expects to complete the delivery of these goods within a 12-month period.
For the quarter ended December 2024, Marine Electricals reported consolidated net profit of ₹4.79 crore on a total income of ₹198.20 crore. For the fiscal year 2024, the total revenue was ₹629.27 crore, and the net profit was ₹36.32 crore.
On May 27, 2025, the company will announce its Q4FY25 and FY25 financial results.
Marine Electricals (India) Limited is an integrated electrical and automation solutions provider, serving both the Marine and Industrial/Commercial sectors. In the marine segment, they offer a wide range of solutions, including integrated platform management systems, power generation and distribution, marine lights, motors, and NavCom solutions for various shipping needs. For the industrial segment, the company specialises in providing low and medium voltage power distribution solutions to diverse industries such as Oil and Gas, data centres, banks, airports, metro rails, hotels, and hospitals.
Additionally, Marine Electricals is active in the renewable energy sector, particularly in solar projects. They are recognised as a significant player in their field, notably being the largest partner of Schneider in India, and provide comprehensive services encompassing in-house product designs, manufacturing, installation & commissioning, and after-sales support.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only