Marine Electricals (India) Limited

NSE: MARINE
Marine Electricals (India) Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L31907MH2007PLC176443 Incorporated 04 December 2007 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MARINE Public Limited Company transport and logistics
Data last updated
Market Cap
₹5,520 Cr
MARINE · NSE
Share Price
₹388.10
-1.61% today
Revenue
₹877 Cr
FY 2025-26 · +14.3% YoY
EBITDA
₹93.27 Cr
Margin 10.6%
Net Profit
₹59.31 Cr
FY 2025-26 · +56.9% YoY
P/E (TTM)
90.4x
P/B 12.0x
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹27.99 Cr
Issued & subscribed

About Marine Electricals (India) Limited

Data last updated:

Marine Electricals (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Kdu Enterprises Private Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 04 December 2007 and has been in existence for over 19 years.

Its director Vinay Uchil and family are #1,090 among India's richest people (2026). Its director Venkatesh Uchil and family are #1,427 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L31907MH2007PLC176443. Its GSTIN is 27AAFCM3153Q1Z0 (Maharashtra). The company holds 7 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on NSE: MARINE.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹27.99 Cr. It was formerly known as Marine Electricals (India) Private Limited. It is led by directors including Venkatesh Krishnappa Uchil (Managing Director) and Shailendra Kumar Shukla (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B/1 Udyog Sadan No.3 MIDC Andheri (E), Mumbai, Maharashtra, India – 400093.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹876.94 Cr, a growth of 14.3% compared to the previous year. For the same year it recorded a net profit of ₹59.31 Cr (net margin 6.8%) and EBITDA of ₹93.27 Cr (EBITDA margin 10.6%). The net worth stands at ₹492.91 Cr (up 22.1% YoY). Total assets are valued at ₹599.35 Cr (up 27.7% YoY).

The company has about 520 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Marine Electricals. As per MCA filings, the company has open charges of ₹357.84 Cr and satisfied charges of ₹203.91 Cr on record. Court records list 21 cases involving the company, including 17 filed by the company and 4 filed against it; 11 cases are pending. The company has 23 deals on record (22 market trades, 1 ipo); the latest was in December 2021. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 4 smaller; the largest is Honda India Power Products Limited with revenue of ₹836.51 Cr. The company has 11 MSME Form 1 returns on record between 2020 and 2023, listing 739 overdue payments to 11 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marineelectricals.com.

Company details

CIN L31907MH2007PLC176443
Registration Number 176443
Incorporation Date 04 December 2007
ROC Mumbai
Listing Status Listed - Listed on NSE (MARINE)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Kdu Enterprises Private Limited
Compliance Status Active Compliant

CIN history

Marine Electricals (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31907MH2007PLC176443, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L31907MH2007PLC176443Current
U31907MH2007PLC176443Previous
U31907MH2007PTC176443Previous
Key People
Venkatesh Krishnappa Uchil Managing Director Shailendra Kumar Shukla Whole-Time Director Vinay Krishna Uchil Whole-Time Director

Recognitions & Rankings of Marine Electricals (India)

Contact details

Marine Electricals (India) Limited's registered office is in Mumbai, Maharashtra. Its website is marineelectricals.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    marineelectricals.com
  • Social Media
  • Registered Address
    B/1 Udyog Sadan No.3 MIDC Andheri (E), Mumbai, Maharashtra, India – 400093
  • Industry
    Transport and Logistics, Shipping & Maritime Services

To see the full contact details of Marine Electricals (India) Limited, buy the company report.

Comprehensive company report
Marine Electricals (India) Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Marine Electricals (India) operates one associated brand: Marine Electricals. Each brand links to its own profile.

BrandDescriptionWebsite
Marine Electricals
Technical services are provided to oil and gas industries.marineelectricals.com

Business activity

The main business activities of Marine Electricals (India) are manufacturing and support service to organizations. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other support services to organizations. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Marine Electricals (India) Limited, buy the company report.

Financials of Marine Electricals (India) Limited

FY 2025-26 filings available

Marine Electricals (India) Limited reported revenue of ₹876.94 Cr (up 14.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹877 Cr
+14.3% YoY
EBITDA
₹93.27 Cr
+35.7% YoY
Profit After Tax
₹59.31 Cr
+56.9% YoY
Net Worth
₹493 Cr
+22.1% YoY
Total Assets
₹599 Cr
+27.7% YoY
Total Debt
₹88.59 Cr
+60.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue877767622443376251263
Revenue growth+14.3%+23.3%+40.5%+17.7%+49.8%-4.4%-
EBITDA93.2768.7151.7738.5731.2027.2322.31
EBITDA margin+10.6%+9.0%+8.3%+8.7%+8.3%+10.8%+8.5%
Profit before tax75.7752.4136.3125.0819.4216.917.71
Net profit59.3137.8025.9016.7313.5412.825.72
Net profit margin+6.8%+4.9%+4.2%+3.8%+3.6%+5.1%+2.2%
EPS (₹)4.222.791.951.351.061.052.29
Balance sheet
Total assets599469357285221231215
Net worth493404251208175163150
Total debt88.5955.1997.0465.7036.6258.3156.49
Cash & bank14855.3123.1919.359.0413.6514.59
Net working capital465357227178152170146
Cash flow
Cash from operations(16.06)55.44(7.36)(2.09)47.072.2822.64
Cash from investing(17.17)(95.26)(20.97)(27.71)(18.72)1.39(1.34)
Cash from financing37.1351.6731.9431.27(31.17)(7.04)(18.62)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue259277210222167251194184
Revenue growth (YoY)+55.2%+10.7%+8.5%+20.7%+20.6%---
Other income4.303.483.693.925.193.784.452.13
EBITDA28.2130.3220.1425.8916.9222.3911.4721.43
EBITDA margin+10.9%+10.9%+9.6%+11.6%+10.1%+8.9%+5.9%+11.6%
Depreciation4.643.883.803.633.474.374.143.70
Interest4.137.544.463.863.163.353.763.61
Profit before tax23.7422.3815.5722.3215.4818.458.0216.25
Tax6.233.813.755.703.884.943.233.48
Net profit17.5118.5711.8216.6211.6013.514.7912.77
EPS (₹)1.231.330.851.180.830.960.380.94
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue747701534391323200206
Revenue growth+6.6%+31.3%+36.4%+21.2%+61.6%-2.9%-
EBITDA79.8262.3947.2435.0026.1922.6216.52
EBITDA margin+10.7%+8.9%+8.9%+9.0%+8.1%+11.3%+8.0%
Profit before tax69.7753.8537.8126.3817.6410.846.00
Net profit53.7938.8427.0717.7812.367.534.47
Net profit margin+7.2%+5.5%+5.1%+4.5%+3.8%+3.8%+2.2%
EPS (₹)3.832.972.141.541.020.641.93
Balance sheet
Total assets526417304239176184167
Net worth456377223180144134126
Total debt61.2634.5076.3454.5629.0347.7439.41
Cash & bank13846.3317.4416.137.6810.0611.58
Net working capital397303175137112125101
Cash flow
Cash from operations(28.87)45.561.12(5.51)37.98(2.89)21.38
Cash from investing(3.05)(90.81)(24.26)(27.90)(11.28)(1.59)(0.31)
Cash from financing36.1554.1824.3533.29(27.36)0.69(19.39)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue234245182173147225185165
Revenue growth (YoY)+59.2%+8.7%-1.6%+4.8%+17.5%---
Other income4.453.913.844.574.984.344.882.39
Total expenses210218165152133206170150
EBITDA24.5226.5717.2621.5114.4818.6614.7715.95
EBITDA margin+10.5%+10.9%+9.5%+12.4%+9.8%+8.3%+8.0%+9.6%
Depreciation3.242.882.632.502.443.303.182.61
Interest3.546.973.843.412.702.763.232.88
Profit before tax22.1920.6314.6320.1714.3216.9413.2412.85
Tax5.465.243.324.893.444.123.033.14

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue259277210222167251194184
Revenue growth (YoY)+55.2%+10.7%+8.5%+20.7%+20.6%---
Other income4.303.483.693.925.193.784.452.13
EBITDA28.2130.3220.1425.8916.9222.3911.4721.43
EBITDA margin+10.9%+10.9%+9.6%+11.6%+10.1%+8.9%+5.9%+11.6%
Depreciation4.643.883.803.633.474.374.143.70
Interest4.137.544.463.863.163.353.763.61
Profit before tax23.7422.3815.5722.3215.4818.458.0216.25
Tax6.233.813.755.703.884.943.233.48
Net profit17.5118.5711.8216.6211.6013.514.7912.77
EPS (₹)1.231.330.851.180.830.960.380.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue877767622443376251263
Revenue growth+14.3%+23.3%+40.5%+17.7%+49.8%-4.4%-
Other income16.2913.357.294.534.857.736.07
Total expenses784698570404345224241
Employee cost0.0057.2345.0234.5030.8325.3430.58
EBITDA93.2768.7151.7738.5731.2027.2322.31
EBITDA margin+10.6%+9.0%+8.3%+8.7%+8.3%+10.8%+8.5%
Depreciation14.7715.5710.378.089.359.129.63
Interest19.0214.0812.389.947.288.9311.04
Profit before tax75.7752.4136.3125.0819.4216.917.71
Tax17.1314.3010.558.276.163.381.83
Net profit59.3137.8025.9016.7313.5412.825.72
Net profit margin+6.8%+4.9%+4.2%+3.8%+3.6%+5.1%+2.2%
EPS (₹)4.222.791.951.351.061.052.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.9927.5926.5325.2624.5324.5324.53
Reserves & surplus462362221176148137124
Shareholders' funds (net worth)493404251208175163150
Minority interest8.774.344.816.437.017.016.06
Secured loans71.3539.6192.1860.7535.1153.9148.66
Unsecured loans17.2415.584.864.951.514.407.83
Total debt88.5955.1997.0465.7036.6258.3156.49
Total liabilities599469357285221231215
Assets
Gross block16513311795.6373.7966.8459.86
Net block92.6275.4675.4265.9849.0448.5053.44
Capital work in progress19.4616.315.540.002.030.000.00
Investments3.496.015.993.463.253.374.74
Inventories85.1778.8892.2763.7979.1279.2074.77
Sundry debtors428331317226172173169
Cash & bank balances14855.3123.1919.359.0413.6514.59
Loans & advances95.2114753.0749.7343.5756.7055.36
Total current assets756612486359304323314
Total current liabilities291255258181152153168
Net working capital465357227178152170146
Total assets599469357285221231215
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash18.386.532.921.444.267.634.94
Net cash from operating activities(16.06)55.44(7.36)(2.09)47.072.2822.64
Net cash from investing activities(17.17)(95.26)(20.97)(27.71)(18.72)1.39(1.34)
Net cash from financing activities37.1351.6731.9431.27(31.17)(7.04)(18.62)
Net change in cash3.9011.843.611.47(2.82)(3.36)2.68
Closing cash14855.3123.1919.359.0413.6514.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.3%+23.3%+40.5%+17.7%+49.8%-4.4%-
EBITDA growth+35.7%+32.7%+34.2%+23.6%+14.6%+22.1%-
PBT growth+44.6%+44.3%+44.8%+29.2%+14.8%+119.3%-40.1%
Net income growth+56.9%+46.0%+54.8%+23.6%+5.6%+124.1%-
Revenue CAGR (3Y)+25.6%+26.8%+35.3%+19.0%-2.0%-12.0%-1.1%
EBITDA CAGR (3Y)+34.2%+30.1%+23.9%+20.0%+12.1%-4.7%-4.4%
Profitability & leverage
Net income margin+6.7%+5.0%+4.1%+3.8%+3.5%+5.4%+2.2%
Return on capital employed-+16.3%+15.4%+14.2%+12.2%+12.0%+8.9%
Return on net worth-+11.7%+11.2%+8.8%+7.9%+8.6%+3.9%
Debt / equity-0.230.350.270.280.370.37
Long-term debt / equity-0.080.110.070.040.070.08
Interest cover24.2326.5029.9032.6033.3249.3187.07
Efficiency & per share
Fixed asset turnover-6.175.865.235.353.973.72
Inventory turnover-8.967.976.204.753.264.02
Debtors turnover-2.372.292.222.181.471.46
EPS (₹)4.222.791.951.351.061.052.29
Dividend per share (₹)0.000.300.200.000.000.200.00
Book value per share (₹)0.0028.2618.6515.9014.0713.1560.58
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue234245182173147225185165
Revenue growth (YoY)+59.2%+8.7%-1.6%+4.8%+17.5%---
Other income4.453.913.844.574.984.344.882.39
Total expenses210218165152133206170150
EBITDA24.5226.5717.2621.5114.4818.6614.7715.95
EBITDA margin+10.5%+10.9%+9.5%+12.4%+9.8%+8.3%+8.0%+9.6%
Depreciation3.242.882.632.502.443.303.182.61
Interest3.546.973.843.412.702.763.232.88
Profit before tax22.1920.6314.6320.1714.3216.9413.2412.85
Tax5.465.243.324.893.444.123.033.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue747701534391323200206
Revenue growth+6.6%+31.3%+36.4%+21.2%+61.6%-2.9%-
Other income17.3014.507.676.135.503.596.54
Total expenses667638486356297177189
Employee cost0.0041.2432.3125.6722.4017.6420.17
EBITDA79.8262.3947.2435.0026.1922.6216.52
EBITDA margin+10.7%+8.9%+8.9%+9.0%+8.1%+11.3%+8.0%
Depreciation10.4411.466.706.137.607.648.28
Interest16.9111.5810.408.626.457.738.78
Profit before tax69.7753.8537.8126.3817.6410.846.00
Tax16.8912.849.456.865.173.031.26
Net profit53.7938.8427.0717.7812.367.534.47
Net profit margin+7.2%+5.5%+5.1%+4.5%+3.8%+3.8%+2.2%
EPS (₹)3.832.972.141.541.020.641.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.9927.5926.5325.2624.5324.5324.53
Reserves & surplus42533519314711810899.65
Shareholders' funds (net worth)456377223180144134126
Secured loans57.5428.8374.7853.9827.7543.9433.11
Unsecured loans3.725.671.560.581.283.806.30
Total debt61.2634.5076.3454.5629.0347.7439.41
Total liabilities526417304239176184167
Assets
Gross block11390.5876.8465.4459.1655.0651.03
Net block60.7748.3045.6339.4538.3939.4245.99
Capital work in progress5.2213.055.500.001.990.000.00
Investments47.9739.3136.0025.639.1911.1310.52
Inventories60.3157.7773.4644.4256.9458.5955.82
Sundry debtors375288262174119127121
Cash & bank balances13846.3317.4416.137.6810.0611.58
Loans & advances67.6312937.1235.3531.3043.2238.87
Total current assets641521390270215239228
Total current liabilities245217215133104114127
Net working capital397303175137112125101
Total assets526417304239176184167
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10.261.330.120.240.894.683.01
Net cash from operating activities(28.87)45.561.12(5.51)37.98(2.89)21.38
Net cash from investing activities(3.05)(90.81)(24.26)(27.90)(11.28)(1.59)(0.31)
Net cash from financing activities36.1554.1824.3533.29(27.36)0.69(19.39)
Net change in cash4.238.931.21(0.12)(0.66)(3.79)1.68
Closing cash13846.3317.4416.137.6810.0611.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+6.6%+31.3%+36.4%+21.2%+61.6%-2.9%-
EBITDA growth+27.9%+32.1%+35.0%+33.6%+15.8%+36.9%-
PBT growth+29.6%+42.4%+43.3%+49.6%+62.7%+80.7%-45.1%
Net income growth+38.5%+43.5%+52.3%+43.9%+64.1%+68.5%-
Revenue CAGR (3Y)+24.1%+29.5%+38.7%+23.9%-0.0%-11.4%-0.6%
EBITDA CAGR (3Y)+31.6%+33.6%+27.8%+28.4%+13.6%-2.9%-7.3%
Profitability & leverage
Net income margin+7.1%+5.9%+5.3%+5.0%+3.9%+3.9%+2.3%
Return on capital employed-+18.1%+17.8%+16.9%+13.4%+10.6%+8.8%
Return on net worth-+13.7%+14.1%+12.0%+9.0%+6.0%+3.8%
Debt / equity-0.180.320.260.280.340.33
Long-term debt / equity-0.060.110.070.050.080.09
Interest cover24.3722.7425.6529.8634.7051.60106.55
Efficiency & per share
Fixed asset turnover-8.377.506.285.653.773.73
Inventory turnover-10.689.067.725.593.494.67
Debtors turnover-2.552.442.672.621.611.59
EPS (₹)3.832.972.141.541.020.641.93
Dividend per share (₹)0.000.300.200.000.000.200.00
Book value per share (₹)0.0026.3216.5413.6611.5910.7850.62

To see the full year-wise statements and ratios of Marine Electricals (India) Limited, buy the company report.

Board of directors and KMP of Marine Electricals (India) Limited

Marine Electricals (India) Limited currently reports 8 directors and 1 key managerial person. 7 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Archana Venkata Rajagopalan
Also directs: HMS Vision Private Limited
Director28 Sep 20215 Years 0 MonthsCurrent
Sunil Kumar DalmiaCfo16 Jan 20251 Years 9 MonthsCurrent
Shailendra Kumar Shukla
Also directs: Standard Maritime Private Limited
Whole-Time Director07 Dec 20187 Years 10 MonthsCurrent
Tanuja Deepak Pudhierkar
Also directs: Mel Shipyard Private Limited, Mumbai Institute of Regenerative and Aesthetic Gynecology (Mirag) LLP, Premalata Foundation
Director01 Aug 20188 Years 2 MonthsCurrent
Vinay Krishna Uchil
Also directs: Mel Heavy Industries Private Limited, Athmar India Private Limited, Eltech Engineers Madras Private Limited and 5 more
Whole-Time Director04 Dec 200718 Years 10 MonthsCurrent
Vikas Manohar Jaywant
Also directs: Vsqube Enterprises LLP, Oasys Energy & Applied Technologies Private Limited
Director24 Feb 20206 Years 8 MonthsCurrent
Showing 6 of 9 current directors and KMP. View all directors and KMP

Peer comparison

Marine Electricals (India) Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Marine Electricals (India) Limitedthis company₹876.94 Cr (FY 2026)₹59.31 Cr6.8%14.3%213Mumbai, Maharashtra, India
Honda India Power Products Limited₹836.51 Cr (FY 2025)-19.0%New Delhi, Delhi, India
Century Infrapower Private Limited₹832.2 Cr (FY 2025)54.0%Jaipur, Rajasthan, India
Icon Solar-En Power Technologies Private Limited₹774.83 Cr (FY 2025)66.0%Raipur, Chhattisgarh, India
Vijai Electricals Limited₹769.35 Cr (FY 2025)110.0%Hyderabad, Andhra Pradesh, India
Nucon Switchgears Pvt Ltd₹741.52 Cr (FY 2025)23.0%Punjab, India
MSS India Private Limited₹737.67 Cr (FY 2023)12.0%Nashik, Maharashtra, India

To see the full peer comparison of Marine Electricals (India) Limited, buy the company report.

Auditor

Marine Electricals (India) Limited is audited by Saini Pati Shah & Co LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Saini Pati Shah & Co LLPFY 2023137904W/W100622

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 68.20%, foreign institutional investors hold 1.10%, domestic institutional investors hold 0.40% and retail and other public shareholders hold 30.30%.

Promoters: 68.20%DII (Domestic Institutional): 0.40%FII (Foreign Institutional): 1.10%Retail & Others: 30.30%
Sep 2026
QUARTER
68.20% Promoters
0.40% DII (Domestic Institutional)
1.10% FII (Foreign Institutional)
30.30% Retail & Others
Promoter holding - history
Now 68.20% · Sep 2026High 68.50% · Dec 2025Low 68.20% · Jun 2026
67%67.8%68.5%69.3%70%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 68.50%Mar 2026: 68.50%Jun 2026: 68.20%Sep 2026: 68.20%68.50%68.20%68.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters68.20%68.20%68.50%68.50%
Public31.80%31.80%31.50%31.50%

Charges & borrowings

Open charges
₹357.84 Cr
Satisfied charges
₹203.91 Cr
Breakdown by lending institutions
Others₹191.49 Cr
State Bank of India₹90.80 Cr
Yes Bank Limited₹75.00 Cr
Hdfc Bank Limited₹0.55 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Oct 2025101186561Hdfc Bank Limited₹20 LakhOpen
16 Oct 2025101179261Others₹14.13 LakhOpen
29 Sep 2025101168826Others₹59 LakhOpen
08 Oct 2024100993337Yes Bank Limited₹75 CrOpen
05 Oct 2024100988493Hdfc Bank Limited₹22.27 LakhOpen

To see the full charge records of Marine Electricals (India) Limited, buy the company report.

Total charge records: 26 View all charges

Deals & funding

Marine Electricals (India) Limited has 23 deals on record (22 market trades, 1 ipo); the latest was in December 2021.

Total deals
23
Market trades
22
IPO
1

Deals on record (5 of 23)

WhenDealAmountParties
Dec 2021Market trade₹2.32 CrBuyer: Olga Trading Private Limited
Seller: Olga Trading Private Limited
Nov 2021Market trade₹3.71 CrBuyer: Olga Trading Private Limited
Seller: Olga Trading Private Limited
Nov 2021Market trade₹3.28 CrBuyer: Olga Trading Private Limited
Seller: Olga Trading Private Limited
Nov 2021Market trade₹2.32 CrBuyer: Olga Trading Private Limited
Seller: Olga Trading Private Limited
Oct 2021Market trade₹2.49 CrBuyer: Olga Trading Private Limited
Seller: Olga Trading Private Limited

To see the full deal history of Marine Electricals (India) Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Marine Electricals (India) Limited was last rated by Icra on 07 Jan 2021.

Rating agencyRated onRating
Icra07 Jan 2021

To see the full credit ratings and regulatory alerts of Marine Electricals (India) Limited, buy the company report.

MSME payment delays

Marine Electricals (India) Limited has 11 MSME Form 1 returns on record between 2020 and 2023, listing 739 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 11)

SupplierAmount dueDue sinceReported on
an individual supplier
Trishul Electrical Works
Finder India Private Limited
an individual supplier
Central Electricals and Electronics Private Limited

To see the full MSME payment records of Marine Electricals (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Marine Electricals (India) has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Eltech Engineers Madras Private LimitedU29142TN1996PTC036500
Evigo Charge Private LimitedU74999MH2018PTC317824

To see the full group structure of Marine Electricals (India) Limited, buy the company report.

Employees & EPFO

Marine Electricals (India) Limited has a workforce of 213 employees on its EPFO records as of Oct 29, 2024, across 2 active EPFO establishments.

Employee count
213
Active EPFO establishments
2
Employee growth
7.04%

GST

Marine Electricals (India) has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
7
Active
5
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAFCM3153Q1Z0MaharashtraActive01 Jul 2017
27AAFCM3153Q2ZZMaharashtraActive19 May 2025
30AAFCM3153Q1ZDGoaActive01 Jul 2017
24AAFCM3153Q2Z5GujaratActive23 Jun 2025

To see the full GST registrations and return filing status of Marine Electricals (India) Limited, buy the company report.

Recent activity

Marine Electricals (India) Limited has 12 board changes on record since 2007: 9 appointments and 3 cessations. The latest: Shanmugam Nagarajan was appointed as Additional Director on 10 Aug 2026.

Appointed
Shanmugam Nagarajan was appointed as Additional Director.
Charges
A charge with Others of Rs. 99.50 Cr registered on 15 Dec 2021 with Charge ID 100518603 was modified on 29 Jul 2026.
Charges
A charge registered on 09 Apr 2021 via Charge ID 100441144 with Others was fully satisfied on 07 May 2026.
Filing
Marine Electricals (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101186561 was registered on 23 Oct 2025.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 101179261 was registered on 16 Oct 2025.
AGM
Marine Electricals (India) Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.59 Cr with Charge ID 101168826 was registered on 29 Sep 2025.
Charges
A charge with Yes Bank Limited of Rs. 75.00 Cr registered on 08 Oct 2024 with Charge ID 100993337 was modified on 16 May 2025.
Charges
A charge registered on 04 Dec 2018 via Charge ID 100220306 with Others was fully satisfied on 20 Jan 2025.
Appointed
Sunil Kumar Dalmia was appointed as CFO.
Charges
A charge with Yes Bank Limited amounted to Rs. 75.00 Cr with Charge ID 100993337 was registered on 08 Oct 2024.

54 earlier events are in the company report.

News

Marine Electricals: Receives Orders Worth ₹393.52 Crores Excluding Taxes, Including Power Distribution Systems For Web Werks, MEP GC Contract Work For CTRLS, Electrical Tasks For Garden Reach Shipbuilders, And VTMS For Nava.
05 Oct 2026 · Exchange Update
Marine Electricals: Co Wins Order Worth Rs 251 Cr
28 Sep 2026 · Exchange Update
MARINE: RS. 78.78 CRORES NSE BLOCK TRADE; FOR ~ 2,036,997 SHARES, AT RS. 386.75
23 Sep 2026 · Exchange Update
MARINE: RS. 62.89 CRORES NSE BLOCK TRADE; FOR ~ 1,595,327 SHARES, AT RS. 394.20
23 Sep 2026 · Exchange Update
Marine Electricals (India): Opens New Factory In Goa To Produce Power Train Units For Data Centers And Shore Conversion Systems; Targeting Full Capacity Of 800 Units Annually By March 2027.
21 Sep 2026 · Exchange Update

Frequently asked questions

Marine Electricals (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 04 December 2007 (19+ years old) and is registered under CIN L31907MH2007PLC176443. Listed on NSE: MARINE.

Marine Electricals (India) reported revenue of ₹876.94 Cr for FY 2025-26 (up 14.3% YoY) based on consolidated financials.

Marine Electricals (India) has 9 current directors and KMP:

The latest financial statements of Marine Electricals (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Marine Electricals (India) is 27AAFCM3153Q1Z0, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAFCM3153Q2ZZ (Maharashtra), 30AAFCM3153Q1ZD (Goa), 24AAFCM3153Q2Z5 (Gujarat).

The CIN (Corporate Identification Number) of Marine Electricals (India) is L31907MH2007PLC176443. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Marine Electricals (India) is a listed company as per MCA records. Its shares are listed on NSE (symbol: MARINE).

Marine Electricals (India) has 21 court cases on record: 17 filed by the company and 4 filed against it. 11 are pending. Most are in the high courts.

Marine Electricals (India) was incorporated on 04 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.

Marine Electricals (India) has 23 deals on record (22 market trades, 1 ipo); the latest was in December 2021.

The peers of Marine Electricals (India) by revenue are Honda India Power Products Limited, Century Infrapower Private Limited, Icon Solar-En Power Technologies Private Limited, Vijai Electricals Limited, Nucon Switchgears Pvt Ltd and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Shanmugam Nagarajan was appointed as Additional Director on 10 Aug 2026. Sunil Kumar Dalmia was appointed as CFO on 16 Jan 2025. Archana Venkata Rajagopalan was appointed as Director on 28 Sep 2021. Marine Electricals (India) has 12 board changes on record in total.