Synopsys:
Marine Electricals (India) Ltd has secured new orders amounting to Rs 14.33 crore (excluding taxes) from three different clients across diverse sectors.
The Small cap Stock, engaged in integrated technical service provider in the fields of electrical automation and information and communication technology solutions, rose 1.36 percent after receiving an order worth Rs. 14.33 Crore from three different companies.
With a market capitalization of Rs. 2,859 Crores, shares of Marine Electricals (India) Ltd opened at Rs.205.00 per equity share, from its previous day’s closing price of Rs. 204.51.
The order details
The first order comes from Garden Reach Shipbuilders & Engineers Ltd for the supply of remote controlled valves with actuators for a multi purpose vessel project. The delivery for this project will take place over the next 12 months.
The second and third orders are for the supply of power distribution systems, received from Afcons Infrastructure Ltd and Core GreenTech LLP respectively. Both of these deliveries are scheduled to be completed within 6 months.
Marine Electricals (India) is a leading provider of integrated technical services, specializing in electrical automation, energy management, and ICT (Information and Communication Technology) solutions.
Its association with industry giants like Indian Navy, Hindustan shipyard Ltd,Cochin Shipyard Ltd,Bangladesh Navy,ONGC and GRSE reflects the company’s strong and growing presence in the Indian Market.
The company’s revenue from operations surged from Rs. 622 crores in FY24 reaching Rs. 767 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 26 crores to Rs. 38 crores, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
Written by Sudeep Kumbar
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