Under Rs 200: Marine and Defence Company Bags Order Worth Rs 50,00,00,000; Stock Hits Upper Circuit Today!

The shares of the company have delivered a return of over 300 per cent to its shareholders in just 1 years only.

This Small-Cap 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. Marine Electricals has secured orders amounting to Rs 50 crore (Approx. - Excluding Taxes) from DC Development Hyderabad Ltd for the supply of FIM LV Panels and Skid for the HYD20 expansion (DC 2 & 3), totalling 28.8 MW. The delivery shall occur over a period of 20 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.

Share Performance:

Today, the share of Marine Electricals is at around Rs 197.21 per share, with a market capitalization of Rs 2616.29 crore. The stock has delivered a multibagger return of around 310 per cent in just 1 year. Moreover, the company’s stock hit the upper circuit today.

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 71.98 per cent, FIIs own 0.02 per cent, and public investors own 27.99 per cent.

Investors must keep this small-cap stock on their radar.

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