Marine Electricals Share Price Target 2024, 2025, 2026, 2030 – Share Analysis

Marine Electricals (India) Ltd – Financials, Fundamentals, Detailed Analysis, and Marine Electricals Share Price Target (2024, 2025, 2026, 2027, 2028, 2029, 2030).

Are you looking for a Marine Electricals Share Price Target? If yes, Then you are at the right place.

Marine Electricals Ltd is a subsidiary of Narhari Engineering Works which was founded in 1978 in India. This share has given a return of +51% from 2020 to 2023, which is an average return of 16%. The investors are expecting a multi-bagger return from this share, So can it give multi-bagger returns? We will know in this post.

Hey, I am Sachin, the author of this blog. In this blog, I’m gonna do a detailed analysis of Marine Electricals, and along with this, I will also tell you the share price target of Marine Electricals.

Marine Electricals Overview

Marine Electricals offers solutions that integrate various technical fields, including electrical automation and information technology. Customer-Centric Approach – Marine Electricals places a strong emphasis on being customer-driven. They offer high-quality total solutions through a single point of contact which allows their customers to focus better on their core activities.

• Independence: Marine Electricals is an independent Indian technical service provider, which implies that they are not tied to any specific manufacturer or vendor, providing flexibility and choice in their solutions.
• Employee Development: The company values its employees and strives to create a motivating and professional work environment.
• Responsibility: Marine Electricals places great importance on environmental responsibility and the safety and health of people.

Marine Electricals Financials

In 2021, the company’s revenue surged to ₹251 crore, and its profit was ₹12.9 crore. In 2022, the company made a profit of ₹12.98 crore with a revenue of ₹376 crore. In 2023, Marine Electricals made a profit of ₹17 crore and a revenue of ₹443 crore. 

Marine Electricals Fundamentals

Market Cap.	₹3,804 Crore
P/E ratio	129.17
Industry P/E	101.64
ROE	10.33%
EPS	2.22
Book Value	18.90
Dividend Yield	0%
Debt to Equity	0.39

Metrics Explained –

• Market Cap (Market Capitalization): ₹3.804 Crores: In this case, it’s ₹3,804 Crores, suggesting that this is a small to mid-cap company in terms of market capitalization.
• P/E Ratio (Price-to-Earnings Ratio): 129,17: A P/E ratio of 129.17indicates that investors are willing to pay ₹129.17 for every ₹1 of earnings per share (EPS).
• Industry P/E (Price-to-Earnings Ratio): 101.64: The industry’s average P/E ratio is 101.64. Comparing this to the company’s P/E of 101.64 suggests that the company’s stock may be trading at a lower valuation than the industry average.
• ROE (Return on Equity): 10.33%: ROE measures the company’s profitability relative to shareholders’ equity. An ROE of 10.33% indicates that the company generated a profit of 8.84% for every rupee of shareholders’ equity.
• EPS (Earnings Per Share): ₹2.22: EPS represents the portion of a company’s profit allocated to each outstanding share of common stock.
• Book Value: ₹18.90: The book value per share is the net asset value of the company divided by the number of outstanding shares. In this case, it’s ₹18.90 per share.
• Dividend Yield: 0%: The dividend yield represents the annual dividend payment as a percentage of the stock’s current market price.
• Debt to Equity Ratio: 0.39: The debt-to-equity ratio measures a company’s financial leverage. A ratio of 0.39 indicates that the company has 39 paise in debt for every rupee of equity.

Marine Electricals Share Price Target Table

Year	Lowest Price	Highest Price
Marine Electricals Share Price Target 2023	₹70.95	₹72.81
Marine Electricals Share Price Target 2024	₹81.60	₹85.91
Marine Electricals Share Price Target 2025	₹93.84	₹101.38
Marine Electricals Share Price Target 2026	₹107.91	₹119.62
Marine Electricals Share Price Target 2027	₹124.10	₹141.15
Marine Electricals Share Price Target 2028	₹142.72	₹166.56
Marine Electricals Share Price Target 2029	₹164.12	₹196.54
Marine Electricals Share Price Target 2030	₹188.74	₹231.92

Marine Electricals Share more details are available in this provided video –

Marine Electricals Share Price Target 2024

The share has given returns of +78% in the last 6 months while in 1 year, Marine Electricals has given returns of +101%. The experts are predicting that this share can give good returns this year due to which the Marine Electricals Share Price Target 2024 can be seen between INR 81.60 to INR 85.91.

Marine Electricals Share Price Target 2025

Currently, the fundamentals of Marine Electricals seem good. The P/E ratio is 42 which is much lower than its Industry P/E. The ROE is 12.73% and its EPS is 1.42, which is good according to its price. Looking at this, it is concluded that the Marine Share Price Target 2024 can be INR 93.84 and the highest price can be INR 101.38.

Marine Electricals Share Price Target 2026

Marine Electricals Share Price Target 2026 will be INR 107.91 and the highest price can be INR 119.62. Since the financial trends of Marine Electricals share are quite good. The profit of the company is continuously increasing while its revenue and net worth are also increasing every year.

Marine Electricals Share Price Target 2030

By looking at its past performance, it is predicted that Marine Electricals Share Price Target 2030 can be INR 188.74 and the highest price can go up to INR 231.92.

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Conclusion

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