Marine Electricals (India) Limited (MARINE) - Net Assets
Based on the latest financial reports, Marine Electricals (India) Limited (MARINE) has net assets worth Rs5.02 Billion INR (≈ $54.25 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.90 Billion ≈ $96.30 Million USD) and total liabilities (Rs3.89 Billion ≈ $42.04 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 tangible net worth ratio of Marine Electricals (India) Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs5.02 Billion |
| % of Total Assets | 56.34% |
| Annual Growth Rate | 22.01% |
| 5-Year Change | 176.27% |
| 10-Year Change | 524.13% |
| Growth Volatility | 17.54 |
Marine Electricals (India) Limited - Net Assets Trend (2014–2026)
This chart illustrates how Marine Electricals (India) Limited's net assets have evolved over time, based on quarterly financial data. See Marine Electricals (India) Limited (MARINE) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Marine Electricals (India) Limited (2014–2026)
The table below shows the annual net assets of Marine Electricals (India) Limited from 2014 to 2026. For live valuation and market cap data, see Marine Electricals (India) Limited (MARINE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs5.02 Billion ≈ $54.25 Million |
+22.94% |
| 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs279.89 Million | 5.68% |
| Other Components | Rs4.65 Billion | 94.32% |
| Total Equity | Rs4.93 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 |
|---|---|
|
Aekyung Petrochemical Co Ltd
KO:161000
|
$375.29 Million |
|
CanSino Biologics Inc
F:CJH
|
$375.36 Million |
|
DongGuan Winnerway Industrial Zone Ltd
SHE:000573
|
$375.47 Million |
|
Vigil Neuroscience Inc
NASDAQ:VIGL
|
$375.71 Million |
|
Yaxing Chem
SHG:600319
|
$375.01 Million |
|
Gevo Inc
NASDAQ:GEVO
|
$374.85 Million |
|
Zhongxing Shenyang Commercial Building Group Co Ltd
SHE:000715
|
$374.85 Million |
|
Shanthi Gears Limited
NSE:SHANTIGEAR
|
$374.84 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 2025 to 2026, total equity changed from 4,037,291,000 to 4,929,042,000, a change of 891,751,000 (22.1%).
- Net income of 583,692,000 contributed positively to equity growth.
- Dividend payments of 41,330,000 reduced retained earnings.
- Other comprehensive income decreased equity by 311,357,000.
- Other factors increased equity by 660,746,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs583.69 Million | +11.84% |
| Dividends Paid | Rs41.33 Million | -0.84% |
| Other Comprehensive Income | Rs-311.36 Million | -6.32% |
| Other Changes | Rs660.75 Million | +13.41% |
| Total Change | Rs- | 22.09% |
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: 7.34x
- 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 70.98x to 7.34x 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 | Rs261.50 | x |
| 2015-03-31 | Rs4.36 | Rs261.50 | x |
| 2016-03-31 | Rs5.17 | Rs261.50 | x |
| 2017-03-31 | Rs6.10 | Rs261.50 | x |
| 2018-03-31 | Rs7.67 | Rs261.50 | x |
| 2019-03-31 | Rs14.63 | Rs261.50 | x |
| 2020-03-31 | Rs2.55 | Rs261.50 | x |
| 2021-03-31 | Rs13.29 | Rs261.50 | x |
| 2022-03-31 | Rs14.23 | Rs261.50 | x |
| 2023-03-31 | Rs16.63 | Rs261.50 | x |
| 2024-03-31 | Rs19.55 | Rs261.50 | x |
| 2025-03-31 | Rs29.53 | Rs261.50 | x |
| 2026-03-31 | Rs35.64 | Rs261.50 | 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): 11.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.66%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.81x
- Recent ROE (11.84%) 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 |
| 2026 | 11.84% | 6.66% | 0.98x | 1.81x | Rs90.79 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: $11,295,986,261
- Average return on equity (ROE) among peers: 7.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marine Electricals (India) Limited (MARINE) | Rs5.02 Billion | 29.72% | 0.77x | $375.18 Million |
| Apar Industries Limited (APARINDS) | $5.24 Billion | 13.93% | 4.40x | $6.87 Billion |
| Amara Raja Batteries Limited (ARE&M) | $45.52 Billion | 11.26% | 0.40x | $1.69 Billion |
| Bharat Bijlee Limited (BBL) | $9.72 Billion | 2.68% | 0.52x | $341.18 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $36.27 Billion | 10.30% | 1.42x | $16.26 Billion |
| Cords Cable Industries Limited (CORDSCABLE) | $919.43 Million | 5.84% | 2.04x | $31.10 Million |
| De Nora India Limited (DENORA) | $251.86 Million | 20.04% | 0.48x | $47.87 Million |
| Dynamic Cables Limited (DYCL) | $202.49 Million | 12.53% | 5.58x | $192.09 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $57.09 Million |
| Eveready Industries India Limited (EVEREADY) | $3.76 Billion | 12.72% | 2.21x | $281.06 Million |
| Exicom Tele-Systems Limited (EXICOM) | $6.14 Billion | -17.93% | 1.72x | $252.91 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