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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, fully valued — but flagged on governance.
MARINE ELECTRICALS is scored on the general / industrial framework. It keeps a slim 6.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.27×) — worth a closer look. Free cash flow is worth about -0.6% of its market value.
Over the last 3 years revenue compounded at 26%/yr and profit at 52%/yr. Book value itself has compounded 33%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 14.7%. In the latest quarter profit fell 6% versus the prior quarter.
At 93× earnings, the stock sits at the 78th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~26%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.21 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 68.41 | — | — |
| P/B | 10.16 | 5.05 | worse |
| EV/EBITDA | 42.93 | 12.75 | worse |
| ROE | 14.72 | 10.19 | better |
| ROCE | 19.86 | 12.02 | better |
| ROA | 7.3 | 4.74 | better |
| Quick Ratio | 1.88 | 3.69 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
Revenue has grown every year across all 4 financial years shown. 26% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (52% vs 26%) — margin expansion is at work. The latest year saw a +54% swing — check if it's a one-off or structural.
Operating margin has expanded from 6% to 8% — the business is keeping more of each rupee earned.
ROE at 12% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. Profit grew faster than EPS (52% vs 45%) — share dilution is eroding per-share value. 45% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 6% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 24% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 65.2% — heavily owner-operated with strong skin in the game. Promoters reduced 3.0pp over 4 quarters — watch whether this is planned divestment or pledge invocations.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.