Marine Electricals Ltd

Marine Electricals
About the Company:

Marine Electricals provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service.

Company is a growing Integrated Electrical and Automation Solution Provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc).

Company has business relationships with global electrical players like Schneider Electric, Siemens, GE.

Further, Company has also entered into an agreement with NLC India Limited to provide Solar Power Evacuation system, thus venturing into the renewable energy segment.


Company’s In-house Engineering Capabilities.

Company had commenced the business as provider of switchgear and other small products. Over a period of time, they have built engineering capabilities through organic as well as inorganic ways to become Integrated Solution Provider.

Company has acquired Nahari Engineering, Automatic Electric Control, STI S.R.L., Italy, Eltech Engineers Madras. Company has worked in various prestigious vessels which helped in strengthening their engineering capabilities.


Company’s Associates & Subsidiaries:



Management Team:

  1. Mr. Venkatesh Uchil (Designation: Managing Director)
  2. Mr. Vinay Uchil (Designation: Chairman & Whole – Time Director)


Objectives of the Issue:

  • Working Capital Requirements.
  • General Corporate Purposes.


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 214.85 238.39 251.69 273.65 383.45
Net Profit 14.21 8.50 9.35 10.79 16.25


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Marine Electricals Limited 10 6.66 7.38 15.53% 41.86
ABB India Limited 2 19.82 70.61 11.64% 170.21
Siemens Limited 10 31.83 37.68 14.81% 215.83


IPO Details:

Details Info
Issue Opens on 28th September 2018
Issue Closes on:. 3rd October 2018
Issue Price Rs.64 – 66
Face Value Rs.10
Minimum Lot 2000 Shares
Minimum Investment Rs.1,32,000
Issue Constitutes 26.48%
Issue Size Rs.42.87 cr
Market Cap Rs.161.7 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 64,96,000
Equity Shares Prior to the Issue 1,80,37,050
Equity Shares after the Issue 2,45,33,050


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
6.66 7.38 16.24% 52.14



Check IPO Allotment Status:

Bigshare Website (Click on the below Link)


Company Contact Info:
Marine Electricals Ltd
B/1, Udyog Sadan No.3, MIDC,
Andheri (E), Mumbai – 400 093
Tel No: +91 22 4033 4300 / 2834 9132
Fax No: +91 22 2836 4045


IPO Registrar Info:
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299


Lead Manager to the Issue:
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999;
Fax No.: +91 – 22 – 2263 0434