Marine and Defence Company Bags Order Worth Rs 4,10,00,000 from Princeton Digital, Stock Gains Around 300 per cent in Just 1 Year!
The company's shares have delivered a return of around 300 per cent to its shareholders in just 1 years 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.
Marine Electricals has secured an order valued at Rs 4.10 crore (excluding taxes) from Princeton Digital Group for the supply, installation, testing, and commissioning (SITC) of LV Panels. The delivery is scheduled to take place over the next four months.
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.
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Share Performance:
On Tuesday, the shares of Marine Electricals (India) Ltd were closed at around Rs 256 per share, with a market capitalization of Rs 3396.23 crore. The stock has delivered a multibagger return of around 300 per cent in just 1 year.
Financial performance:
According to the Quarterly Results, in Q1 FY25, the company reported a revenue of Rs 138.46 crore and an operating profit of Rs 13.34 crore. The operating profit margin for the quarter stands at 9.63 per cent. The company’s net profit stood at Rs 7.05 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.
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Disclaimer: The article is for informational purposes only and not investment advice.