New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹4.22 (vs ₹2.83 in FY 2025) Full year 2026 results: EPS: ₹4.22 (up from ₹2.83 in FY 2025). Revenue: ₹8.93b (up 16% from FY 2025). Net income: ₹583.7m (up 52% from FY 2025). Profit margin: 6.5% (up from 5.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Marine Electricals (India) Limited to Report Q4, 2026 Results on May 27, 2026 Marine Electricals (India) Limited announced that they will report Q4, 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹175, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 24x in the Electrical industry in India. Total returns to shareholders of 382% over the past three years. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹0.85 (vs ₹0.39 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.85 (up from ₹0.39 in 3Q 2025). Revenue: ₹2.14b (up 10% from 3Q 2025). Net income: ₹117.8m (up 127% from 3Q 2025). Profit margin: 5.5% (up from 2.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Marine Electricals (India) Limited to Report Q3, 2026 Results on Feb 11, 2026 Marine Electricals (India) Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Upcoming Dividend • Sep 05
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 29 October 2025. Payout ratio is a comfortable 9.9% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.4%). Declared Dividend • Aug 14
Dividend increased to ₹0.30 Dividend of ₹0.30 is 50% higher than last year. Ex-date: 12th September 2025 Payment date: 29th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 8%. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹236, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 42x in the Electrical industry in India. Total returns to shareholders of 731% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹211, the stock trades at a trailing P/E ratio of 70.6x. Average trailing P/E is 38x in the Electrical industry in India. Total returns to shareholders of 614% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹204, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 38x in the Electrical industry in India. Total returns to shareholders of 538% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹148, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 36x in the Electrical industry in India. Total returns to shareholders of 381% over the past three years. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹0.39 (vs ₹0.39 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.39 (in line with 3Q 2024). Revenue: ₹1.98b (up 35% from 3Q 2024). Net income: ₹51.9m (up 4.4% from 3Q 2024). Profit margin: 2.6% (down from 3.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹201, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 44x in the Electrical industry in India. Total returns to shareholders of 463% over the past three years. Announcement • Jan 13
Marine Electricals (India) Limited Announces Resignation of U.M. Bhakthavalsalan as Chief Financial Officer, Effective January 16, 2025 Marine Electricals (India) Limited announced that Mr. U.M. Bhakthavalsalan, Chief Financial Officer and Key Managerial Personnel, has submitted his resignation. His resignation will take effect upon the close of business hours on January 16, 2025. However, he will continue to discharge his role and functions in the capacity of strategic advisor of the company. New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹0.95 (vs ₹0.37 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.95 (up from ₹0.37 in 2Q 2024). Revenue: ₹1.86b (up 36% from 2Q 2024). Net income: ₹127.2m (up 172% from 2Q 2024). Profit margin: 6.8% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.3%). Announcement • Aug 13
Marine Electricals (India) Limited, Annual General Meeting, Sep 27, 2024 Marine Electricals (India) Limited, Annual General Meeting, Sep 27, 2024, at 15:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.54 (vs ₹0.28 in 1Q 2024) First quarter 2025 results: EPS: ₹0.54 (up from ₹0.28 in 1Q 2024). Revenue: ₹1.42b (up 40% from 1Q 2024). Net income: ₹71.3m (up 99% from 1Q 2024). Profit margin: 5.0% (up from 3.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹120, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 43x in the Electrical industry in India. Total returns to shareholders of 75% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹2.02 (vs ₹1.38 in FY 2023) Full year 2024 results: EPS: ₹2.02 (up from ₹1.38 in FY 2023). Revenue: ₹6.29b (up 42% from FY 2023). Net income: ₹259.0m (up 52% from FY 2023). Profit margin: 4.1% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Marine Electricals (India) Limited to Report Q4, 2024 Results on May 29, 2024 Marine Electricals (India) Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹107, the stock trades at a trailing P/E ratio of 77.7x. Average trailing P/E is 43x in the Electrical industry in India. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹101, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 37x in the Electrical industry in India. Total returns to shareholders of 62% over the past three years. Recent Insider Transactions • Mar 19
Executive Chairman recently bought ₹204k worth of stock On the 15th of March, Vinay Uchil bought around 2k shares on-market at roughly ₹88.81 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vinay's only on-market trade for the last 12 months. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.39 (vs ₹0.60 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.39 (down from ₹0.60 in 3Q 2023). Revenue: ₹1.48b (up 17% from 3Q 2023). Net income: ₹49.8m (down 32% from 3Q 2023). Profit margin: 3.4% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹115, the stock trades at a trailing P/E ratio of 73.5x. Average trailing P/E is 43x in the Electrical industry in India. Total returns to shareholders of 150% over the past three years. Recent Insider Transactions • Dec 07
MD & Director recently bought ₹99k worth of stock On the 30th of November, Venkatesh Uchil bought around 1k shares on-market at roughly ₹90.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Venkatesh's only on-market trade for the last 12 months. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹0.37 (vs ₹0.24 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.37 (up from ₹0.24 in 2Q 2023). Revenue: ₹1.39b (up 54% from 2Q 2023). Net income: ₹46.8m (up 60% from 2Q 2023). Profit margin: 3.4% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 28
Marine Electricals (India) Limited (NSEI:MARINE) completed the acquisition of 49.2% stake in Marks Marine Radio Private Limited. Marine Electricals (India) Limited (NSEI:MARINE) agreed to acquire 49.2% stake in Marks Marine Radio Private Limited for INR 23.5 million on October 16, 2023. The transaction has been approved by board of Marine Electricals (India). The transaction is expected to close within 3 months.Marine Electricals (India) Limited (NSEI:MARINE) completed the acquisition of 49.2% stake in Marks Marine Radio Private Limited on October 26, 2023. Announcement • Oct 18
Marine Electricals (India) Limited (NSEI:MARINE) agreed to acquire 49.2% stake in Marks Marine Radio Private Limited for INR 23.5 million. Marine Electricals (India) Limited (NSEI:MARINE) agreed to acquire 49.2% stake in Marks Marine Radio Private Limited for INR 23.5 million on October 16, 2023. The transaction has been approved by board of Marine Electricals (India). The transaction is expected to close within 3 months. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹67.95, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 35x in the Electrical industry in India. Total returns to shareholders of 102% over the past three years. Board Change • Sep 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Non Executive Independent Director Archana Rajagopalan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (₹8.07b market cap, or US$97.0m). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.28 (vs ₹0.21 in 1Q 2023) First quarter 2024 results: EPS: ₹0.28 (up from ₹0.21 in 1Q 2023). Revenue: ₹1.02b (up 23% from 1Q 2023). Net income: ₹35.8m (up 36% from 1Q 2023). Profit margin: 3.5% (up from 3.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹71.10, the stock trades at a trailing P/E ratio of 51.3x. Average trailing P/E is 32x in the Electrical industry in India. Total returns to shareholders of 311% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹57.50, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 29x in the Electrical industry in India. Total returns to shareholders of 216% over the past three years. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹1.38 (vs ₹1.06 in FY 2022) Full year 2023 results: EPS: ₹1.38 (up from ₹1.06 in FY 2022). Revenue: ₹4.47b (up 19% from FY 2022). Net income: ₹170.0m (up 31% from FY 2022). Profit margin: 3.8% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹53.00, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 23x in the Electrical industry in India. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹44.85, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 22x in the Electrical industry in India. Total returns to shareholders of 148% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.60 (vs ₹0.34 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.60 (up from ₹0.34 in 3Q 2022). Revenue: ₹1.27b (up 14% from 3Q 2022). Net income: ₹73.0m (up 74% from 3Q 2022). Profit margin: 5.8% (up from 3.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹37.85, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 23x in the Electrical industry in India. Total returns to shareholders of 89% over the past three years. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.24 (vs ₹0.31 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.24 (down from ₹0.31 in 2Q 2022). Revenue: ₹919.5m (down 16% from 2Q 2022). Net income: ₹29.3m (down 23% from 2Q 2022). Profit margin: 3.2% (down from 3.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Buying Opportunity • Nov 01
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be ₹41.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 18%. Announcement • Aug 26
Marine Electricals (India) Limited, Annual General Meeting, Sep 19, 2022 Marine Electricals (India) Limited, Annual General Meeting, Sep 19, 2022, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statement of the Company for the financial year ended 31st March, 2022 together with the reports of the Board of Directors and the Auditors thereon; to consider appointment and reappointment of directors; to consider the alteration of the clause 4(ii) of the articles of association of the company; and to consider the issue of convertible warrants on preferential basis; and to discuss other matters. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 22% share price gain to ₹34.10, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 20x in the Electrical industry in India. Total returns to shareholders of 50% over the past three years. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: ₹0.21 (vs ₹0.17 in 1Q 2022) First quarter 2023 results: EPS: ₹0.21 (up from ₹0.17 in 1Q 2022). Revenue: ₹843.4m (down 3.6% from 1Q 2022). Net income: ₹26.3m (up 23% from 1Q 2022). Profit margin: 3.1% (up from 2.4% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 18
Chairman recently bought ₹2.0m worth of stock On the 14th of June, Vinay Uchil bought around 70k shares on-market at roughly ₹28.21 per share. This was the largest purchase by an insider in the last 3 months. Vinay has been a buyer over the last 12 months, purchasing a net total of ₹2.2m worth in shares. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹1.06 (vs ₹1.05 in FY 2021) Full year 2022 results: EPS: ₹1.06 (up from ₹1.05 in FY 2021). Revenue: ₹3.81b (up 49% from FY 2021). Net income: ₹129.8m (flat on FY 2021). Profit margin: 3.4% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. Recent Insider Transactions • Apr 02
Chairman recently bought ₹243k worth of stock On the 24th of March, Vinay Uchil bought around 8k shares on-market at roughly ₹30.40 per share. This was the largest purchase by an insider in the last 3 months. This was Vinay's only on-market trade for the last 12 months. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.34 (up from ₹0.30 in 3Q 2021). Revenue: ₹1.11b (up 65% from 3Q 2021). Net income: ₹42.0m (up 15% from 3Q 2021). Profit margin: 3.8% (down from 5.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 25% share price gain to ₹33.65, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 20x in the Electrical industry in India. Total returns to shareholders of 114% over the past three years. Reported Earnings • Jun 10
Full year 2021 earnings released: EPS ₹1.14 (vs ₹0.74 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹2.59b (down 10% from FY 2020). Net income: ₹129.0m (up 43% from FY 2020). Profit margin: 5.0% (up from 3.1% in FY 2020). The increase in margin was driven by lower expenses. Announcement • Jun 08
Marine Electricals (I) Limited Recommends Maiden Dividend for the Fiscal Year 2021 The Board of Marine Electricals (I) Limited recommended maiden dividend of 10% of face value (INR 0.20 per equity share) for the fiscal year 2021. Is New 90 Day High Low • Mar 10
New 90-day high: ₹68.00 The company is up 65% from its price of ₹41.09 on 10 December 2020. The Indian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 29% over the same period. Is New 90 Day High Low • Mar 05
New 90-day high: ₹64.85 The company is up 61% from its price of ₹40.27 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 34% over the same period. Executive Departure • Mar 01
Company Secretary & Compliance Officer has left the company On the 26th of February, Reesha Ratanpal's tenure as Company Secretary & Compliance Officer ended after 1.6 years in the role. We don't have any record of a personal shareholding under Reesha's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Mar 01
New 90-day high: ₹63.45 The company is up 66% from its price of ₹38.30 on 01 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 35% over the same period. Is New 90 Day High Low • Feb 26
New 90-day high: ₹62.15 The company is up 61% from its price of ₹38.71 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 39% over the same period. Is New 90 Day High Low • Feb 20
New 90-day high: ₹59.30 The company is up 73% from its price of ₹34.30 on 20 November 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 38% over the same period. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹57.85, the stock is trading at a trailing P/E ratio of 64.9x, up from the previous P/E ratio of 54.7x. This compares to an average P/E of 21x in the Electrical industry in India. Total returns to shareholders over the past year are 194%. Is New 90 Day High Low • Feb 18
New 90-day high: ₹258 The company is up 51% from its price of ₹171 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 41% over the same period. Is New 90 Day High Low • Feb 15
New 90-day high: ₹256 The company is up 50% from its price of ₹171 on 17 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 41% over the same period. Announcement • Feb 13
Marine Electricals (India) Limited Announces Executive Changes Marine Electricals (India) Limited announced that at its board meeting held on February 10, 2021, approved the Resignation of Ms. Reesha Ratanpal from the designation of Company Secretary And Compliance Officer with effect from 26th February, 2021 and approved the appointment of Ms. Mitali Ambre, as Company Secretary and Compliance Officer of the Company to be designated as Key Managerial Personnel (KMP) with effect from 27th February, 2021.