Marine Electricals (India) Limited (MARINE) - Net Assets
Based on the latest financial reports, Marine Electricals (India) Limited (MARINE) has net assets worth Rs4.38 Billion INR (≈ $47.40 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs7.59 Billion ≈ $82.08 Million USD) and total liabilities (Rs3.21 Billion ≈ $34.68 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MARINE asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.38 Billion |
| % of Total Assets | 57.75% |
| Annual Growth Rate | 21.92% |
| 5-Year Change | 140.04% |
| 10-Year Change | 530.3% |
| Growth Volatility | 18.32 |
Marine Electricals (India) Limited - Net Assets Trend (2014–2025)
This chart illustrates how Marine Electricals (India) Limited's net assets have evolved over time, based on quarterly financial data. Also explore MARINE asset base for the complete picture of this company's asset base.
Annual Net Assets for Marine Electricals (India) Limited (2014–2025)
The table below shows the annual net assets of Marine Electricals (India) Limited from 2014 to 2025. For live valuation and market cap data, see Marine Electricals (India) Limited (MARINE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.08 Billion ≈ $44.13 Million |
+59.71% |
| 2024-03-31 | Rs2.56 Billion ≈ $27.63 Million |
+18.95% |
| 2023-03-31 | Rs2.15 Billion ≈ $23.23 Million |
+18.29% |
| 2022-03-31 | Rs1.82 Billion ≈ $19.64 Million |
+6.82% |
| 2021-03-31 | Rs1.70 Billion ≈ $18.38 Million |
+5.04% |
| 2020-03-31 | Rs1.62 Billion ≈ $17.50 Million |
+0.77% |
| 2019-03-31 | Rs1.61 Billion ≈ $17.37 Million |
+57.18% |
| 2018-03-31 | Rs1.02 Billion ≈ $11.05 Million |
+27.11% |
| 2017-03-31 | Rs803.79 Million ≈ $8.69 Million |
+24.15% |
| 2016-03-31 | Rs647.42 Million ≈ $7.00 Million |
+18.44% |
| 2015-03-31 | Rs546.63 Million ≈ $5.91 Million |
+18.56% |
| 2014-03-31 | Rs461.05 Million ≈ $4.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Marine Electricals (India) Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 791.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.74 Billion | 43.01% |
| Common Stock | Rs275.89 Million | 6.83% |
| Other Comprehensive Income | Rs311.36 Million | 7.71% |
| Other Components | Rs1.71 Billion | 42.45% |
| Total Equity | Rs4.04 Billion | 100.00% |
Marine Electricals (India) Limited Competitors by Market Cap
The table below lists competitors of Marine Electricals (India) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rejlers AB (publ)
ST:REJL-B
|
$329.04 Million |
|
Yungshin Construction & Development Co Ltd
TWO:5508
|
$329.15 Million |
|
Eche Izquierdo
SN:EISA
|
$329.18 Million |
|
Flat Capital AB Series B
ST:FLAT-B
|
$329.18 Million |
|
STEICO SE
XETRA:ST5
|
$328.97 Million |
|
Krakatau Steel Persero Tbk
JK:KRAS
|
$328.75 Million |
|
Teraplast Bist
RO:TRP
|
$328.75 Million |
|
Y.U.D. Yangtze River Investment Industry Co Ltd
SHG:600119
|
$328.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marine Electricals (India) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,506,893,000 to 4,037,291,000, a change of 1,530,398,000 (61.0%).
- Net income of 384,322,000 contributed positively to equity growth.
- Dividend payments of 26,440,000 reduced retained earnings.
- Share repurchases of 1,155,837,000 reduced equity.
- New share issuances of 1,155,837,000 increased equity.
- Other comprehensive income increased equity by 114,887,000.
- Other factors increased equity by 1,057,629,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs384.32 Million | +9.52% |
| Dividends Paid | Rs26.44 Million | -0.65% |
| Share Repurchases | Rs1.16 Billion | -28.63% |
| Share Issuances | Rs1.16 Billion | +28.63% |
| Other Comprehensive Income | Rs114.89 Million | +2.85% |
| Other Changes | Rs1.06 Billion | +26.2% |
| Total Change | Rs- | 61.05% |
Book Value vs Market Value Analysis
This analysis compares Marine Electricals (India) Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 62.24x to 7.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs3.68 | Rs229.30 | x |
| 2015-03-31 | Rs4.36 | Rs229.30 | x |
| 2016-03-31 | Rs5.17 | Rs229.30 | x |
| 2017-03-31 | Rs6.10 | Rs229.30 | x |
| 2018-03-31 | Rs7.67 | Rs229.30 | x |
| 2019-03-31 | Rs14.63 | Rs229.30 | x |
| 2020-03-31 | Rs2.55 | Rs229.30 | x |
| 2021-03-31 | Rs13.29 | Rs229.30 | x |
| 2022-03-31 | Rs14.23 | Rs229.30 | x |
| 2023-03-31 | Rs16.63 | Rs229.30 | x |
| 2024-03-31 | Rs19.55 | Rs229.30 | x |
| 2025-03-31 | Rs29.53 | Rs229.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marine Electricals (India) Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.01%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.79x
- Recent ROE (9.52%) is below the historical average (11.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 29.72% | 6.33% | 1.76x | 2.67x | Rs89.12 Million |
| 2015 | 14.71% | 3.34% | 1.64x | 2.68x | Rs25.20 Million |
| 2016 | 14.52% | 3.69% | 1.68x | 2.35x | Rs28.68 Million |
| 2017 | 13.66% | 3.77% | 1.19x | 3.03x | Rs27.41 Million |
| 2018 | 16.76% | 4.12% | 1.08x | 3.76x | Rs63.57 Million |
| 2019 | 5.97% | 2.31% | 1.07x | 2.42x | Rs-62.34 Million |
| 2020 | 3.60% | 2.14% | 0.69x | 2.44x | Rs-99.98 Million |
| 2021 | 7.91% | 5.14% | 0.65x | 2.35x | Rs-34.02 Million |
| 2022 | 7.43% | 3.45% | 1.01x | 2.14x | Rs-44.81 Million |
| 2023 | 8.16% | 3.85% | 0.95x | 2.24x | Rs-38.42 Million |
| 2024 | 10.33% | 4.17% | 1.01x | 2.46x | Rs8.30 Million |
| 2025 | 9.52% | 5.01% | 1.06x | 1.79x | Rs-19.41 Million |
Industry Comparison
This section compares Marine Electricals (India) Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $7,679,177,378
- Average return on equity (ROE) among peers: 8.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marine Electricals (India) Limited (MARINE) | Rs4.38 Billion | 29.72% | 0.73x | $328.98 Million |
| Apar Industries Limited (APARINDS) | $2.88 Billion | -1.23% | 5.59x | $5.36 Billion |
| Amara Raja Batteries Limited (ARE&M) | $13.63 Billion | 26.96% | 0.46x | $1.73 Billion |
| Bharat Bijlee Limited (BBL) | $6.91 Billion | 8.82% | 0.61x | $378.55 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $41.11 Billion | -11.94% | 1.48x | $13.85 Billion |
| Cords Cable Industries Limited (CORDSCABLE) | $1.46 Billion | 2.99% | 1.02x | $25.10 Million |
| De Nora India Limited (DENORA) | $392.64 Million | 10.83% | 0.24x | $49.12 Million |
| Dynamic Cables Limited (DYCL) | $270.46 Million | 25.13% | 4.97x | $194.13 Million |
| Elin Electronics Limited (ELIN) | $1.99 Billion | 14.61% | 1.00x | $65.09 Million |
| Eveready Industries India Limited (EVEREADY) | $5.93 Billion | 2.29% | 0.87x | $263.38 Million |
| Exicom Tele-Systems Limited (EXICOM) | $2.22 Billion | 2.32% | 1.72x | $173.57 Million |
About Marine Electricals (India) Limited
Marine Electricals (India) Limited manufactures and sells various marine and industrial electrical and electronic components in India and internationally. The company operates through Marine and Industry segments. It provides marine and defence solutions that offer power generation and distribution solutions, including main switch boards, automated power management systems, motor control centers/… Read more