Marine Electricals (India) Limited Shares Climb After Securing Indian Navy Order

Market Performance

Marine Electricals (India) Limited's share price witnessed a substantial uptick in early trade on Tuesday, rising by 4.10% to touch an intraday high of ₹232.95 per share on the NSE. The small-cap stock has gained traction amid recent developments and order wins.

At 11:05 AM, the stock was trading marginally higher by 0.06% at ₹223.90 per share.

Share Price Snapshot:

• 1-Month Gain: +8%
• 6-Month Return: -24%
• Year-To-Date (YTD): -13%
• 1-Year Performance: +57%
• 5-Year Return: +1,200%

Main News

Marine Electricals (India) Limited has bagged a significant order worth ₹5.71 Crore from the Indian Navy. The contract involves the supply of an Integrated Bridge System, marking another strategic win for the company.

The official statement filed with the NSE confirms that the goods will be delivered over a period of 6 months. This deal adds to the company's growing list of defense-related contracts, underscoring its capabilities in high-grade automation and electrical solutions.

Key Details:

• Order Value: ₹5.71 Crore (Excluding Taxes)
• Client: Indian Navy Material Organisation
• Product Supplied: Integrated Bridge System
• Delivery Timeline: 6 months

Just last week, the company announced multiple orders totaling ₹60.44 Crore, strengthening its order book and showcasing robust demand across sectors.

Company Details

Marine Electricals (India) Limited is a prominent provider of integrated electrical and automation solutions. The company operates through two primary segments:

1. Marine Segment

This segment focuses on the supply of navigational equipment and automation systems for new shipbuilding projects.

2. Industry Segment

It caters to the power distribution and automation needs of sectors such as data centers, industrial plants, and large commercial buildings.

The company is listed exclusively on the NSE and holds a strong presence in both marine and industrial automation sectors, with a growing clientele in the defense and infrastructure domains.

Summary of the Article

Marine Electricals (India) Limited shares rose sharply by over 4% following the announcement of a new order worth ₹5.71 Crore from the Indian Navy. The order pertains to the supply of an Integrated Bridge System with a six-month delivery timeline. This development follows last week's disclosure of ₹60.44 Crore worth of orders. The stock has delivered multi-bagger returns of 1,200% over the past five years despite experiencing short-term volatility.