Multibagger Marine and Defence Company Secures Rs 12,10,00,000 Order from Arcelor Mittal Nippon Steel; FIIs and DIIs Increase Stake!

The company's shares have delivered a return of around 630 per cent to its shareholders in just two years.

Marine Electricals (India) Ltd manufactures and sells all types of marine and industrial electrical and electronic components, such as switchgear and control gear. The company’s shares have been hitting back-to-back upper circuits for five days.

It has secured a Rs 12.1 crore order from Arcelor Mittal Nippon Steel (AM/NS) to supply LV Power and motor control centers, designed for seamless integration with automation systems. The equipment will be delivered over six months and will power critical processes at AM/NS's Steel Melting Plant located at their integrated steel facility in Hazira, Gujarat.

Marine Electricals (India) Ltd is a Small-Cap company 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.

On Tuesday, Marine Electricals (India) Ltd's shares were trading at around Rs 246 per share, with a market capitalization of Rs 3263.57 crore. The stock has delivered a multibagger return of around 250 per cent in just one year.

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 which was earlier 0.02 per cent, DIIs Bought Stakes 0.11 per cent after 3 quarters and public investors own 28.56 per cent stake in the company.

Check out my recent article here.

Investors must keep this stock on their radar.

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