Multibagger Marine and Defence Company Bags Order Worth Rs 4,48,00,000; DIIs Bought Stake After 3 Years, Stock Gains Over 290 per cent in Just 1 Year!

Multibagger Marine and Defence Company Bags Order Worth Rs 4,48,00,000; DIIs Bought Stake After 3 Years, Stock Gains Over 290 per cent in Just 1 Year!

Rakesh Deshmukh

The shares of the company have delivered a return of over 290 per cent to its shareholders in just 1 year only.

Marine Electricals (India) Ltd is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components, such as switchgear and control gears. The company’s shares have been hitting back-to-back upper circuits for 5 days.

Today the company has announced that it has received an order worth Rs 4.48 crore (excluding taxes) from Crescon Projects & Services Private Limited for the supply of LT and HT panels for the Princeton project (3rd Floor). The delivery is scheduled to occur over a period of 2-3 months.

Read 1:1 Bonus Share & 10:1 Stock Split: Rahul Gandhi’s Portfolio Stock Hits Upper Circuit Today; Stock Gains 700 Per cent in Just 2 Years!

The company is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components, such as switchgear and control gears. Additionally, it operates in the renewable energy sector, specifically solar. The company also provides services like designing and fabricating various electrical and electronic installations both in India and abroad, along with undertaking annual maintenance contracts.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Share Performance:

Today, the shares of Marine Electricals (India) Ltd are at around Rs 255.30 per share, with a market capitalization of Rs 3386.94 crore. The stock has delivered a multibagger return of around 290 per cent in just 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 237 crore and an operating profit of Rs 20 crore. The operating profit margin for the quarter stands at 9 per cent. The company’s net profit stood at Rs 12 crore. In FY24, the company reported a revenue of Rs 622 crore compared to Rs 443 crore, and a net profit of Rs 26 crore, compared to a profit of Rs 17 crore in the previous year. In the year 2021 the stock underwent a stock split in the ratio of 5:1.

According to the shareholding patterns, promoters own 71.17 per cent, FIIs own 0.15 per cent, DIIs Bought Stakes 0.11 per cent and public investors own 28.56 per cent stake in the company.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

Previous Article Rs 3,200 crore order book: Heavy buying in this multibagger civil construction stock; Hit fresh 52-week high!
Next Article Again Company announces Buyback of share at a 100 per cent premium with 390 per cent standalone profit growth: Stock hits 20 per cent upper circuit
Rate this article:
4.1

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR