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Marine Electricals (India) Limited (MARINE)

Electrical Equipment · NSE · end-of-day 2026-10-19
Close
₹432.30
Day change
+0.77%
1-year
+107.3%
From 52-week high
-9.7%
Weinstein stage
Stage 2
Minervini template
8/8
Marine Electricals (India) Limited closed at ₹432.30 on 2026-10-19, up 107% over the past year, 10% below its 52-week high. It meets 8 of 8 conditions of Minervini's trend template - a full pass; Weinstein's stage analysis reads stage 2 - advancing; on earnings, it passes 3 of 5 SEPA checks. Over the year its annualised volatility was about 53%, with a largest fall of 40% from a peak.

About Marine Electricals (India) Limited

Marine Electricals (India) Limited provides electrical systems and equipment for marine vessels, industrial facilities, data centers and infrastructure projects. Its offerings include electrical distribution, automation and related engineering solutions. Growth in data centers, industrial infrastructure and marine construction provides opportunities. Order execution, project timelines, raw-material costs, customer concentration, working capital and competition remain important factors.

Price, RSI and MACD

Price · +108.9% over the period
188265342418495Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 50.1
305070
MACD (12, 26, 9) · histogram -4.84
-12.8-0.511.82436.3
Price · +105.1% over the period
132224315407498Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 50.1
305070
MACD (12, 26, 9) · histogram -4.84
-13.5-111.423.936.3
Price · +84.3% over the period
125218312405499Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 50.1
305070
MACD (12, 26, 9) · histogram -4.84
-23.9-8.66.621.937.1
Price · +616.3% over the period
26145264383502Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 50.1
305070
MACD (12, 26, 9) · histogram -4.84
-23.6-8.17.422.938.4
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹6,050 cr₹969 cr₹64 cr93.84.6112.2713.0%11.8%18.2%0.17₹-43 cr55.41.56

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 2026259181.23+46.4%+55.2%6.8%
Mar 2026278191.33+37.1%+10.7%6.7%
Dec 2025210120.85+118.0%+8.5%5.6%
Sep 2025222171.20+26.3%+20.7%7.5%
Jun 2025167120.84+55.6%+20.6%7.0%
Mar 2025251140.97+0.0%+5.8%5.4%
Dec 202419450.39+0.0%+32.1%2.5%
Sep 2024184130.95+156.8%+34.1%6.9%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 3 of 5 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✓ Pass
EPS growth accelerating over 3 quarters✗ Fail
Sales up 25%+, or sales growth accelerating✓ Pass
Annual EPS up 25%+ in each of the last 2 years✓ Pass
Net margin above the same quarter last year✗ Fail

Investor methods

MethodChecksScoreVerdict
Minervini
✓ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✓ 200-day rising for a month
✓ 50-day above the 150- and 200-day
✓ Close above the 50-day
✓ At least 25% above the 52-week low · low 151.70
✓ Within 25% of the 52-week high · high 478.85
✓ RS percentile 70 or more · RS 98
Trend template - the gate, measured: a modest 21-day edge.
8/8Pass
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 2 - advancing
CAN SLIM
✓ C latest quarter EPS up 25%+
✓ A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✓ N within 15% of the 52-week high · high 478.85
✓ S more volume on up days than down days (50 sessions) · 2.33x
✓ L RS percentile 80 or more · RS 98
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
6/6Strong
Darvas
✓ Box top confirmed (3 sessions below the new high) · top 490.85
✗ Box bottom confirmed (3 sessions holding) · bottom 427.15
✗ Close above the box top · close 432.30
✗ Volume at least 1.5x its 50-day average · 0.4x
Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.
50/100In box
Turtle
✗ Close above the prior 55-session high · 490.85
✗ Close above the prior 20-session high · 490.85
✗ Close below the prior 20-session low · 372.95
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 1.8%
— Return on capital (ROCE) · 18.2%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
24/100Weak
Graham
✗ Price at or below the Graham number · Graham number 60.45
✗ P/E 15 or less · P/E 93.8
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 12.27
✓ Current ratio 2 or more · 2.12
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
14/100Expensive
Piotroski
✓ Profitable (ROA > 0)
✗ Operating cash flow positive
✓ ROA rising
✗ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✗ Current ratio rising · 2.12
✗ No new shares issued
✓ Margin rising (net margin)
✗ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
4/9Weak
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Electrical Equipment sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
MARINE this stock+14.0+69.8+108.9+89.0+457.8+1158.593.812.2713.018.2—0.1755.46,050969644.61.56
MODISONLTD+3.6+60.2+224.7+204.5+480.5—13.64.7829.528.6—0.6910.51,53998011334.91.14
SBCL-8.8+33.9+91.9+110.0+82.4+415.354.311.9721.626.2—0.1241.95,76061610618.41.23
APARINDS-16.6+13.3+31.4+81.1+196.6+2119.654.611.7219.731.2—0.1633.863,216——293.41.17
RISHABH-9.6+5.2+44.8+80.7+33.1—26.43.5912.014.5—0.1017.92,67397310226.11.46
DENORA-9.2-19.4-12.3-8.4-56.9+105.530.92.927.39.6—0.0025.23771151223.01.05
SHIVALIK-12.3+48.5+20.4-20.0-53.5—37.60.862.14.6—0.1912.4514375208.71.10
BBL+9.6-9.6-14.4-22.1+26.8+246.824.51.356.18.2—0.1515.32,7342,35611299.00.80
ELECTHERM-28.5-38.0-12.5-33.5+394.9+399.4——10.00.1—-6.8943.38433,771-36-28.61.39
SALZERELEC-11.3-16.9-22.3-41.6+21.0+202.019.81.469.311.5—0.909.58641,8154524.71.35
HPL-10.6-25.4-29.9-42.6+20.6+268.517.91.639.513.2—0.758.51,6351,9439214.21.71
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.