Marine Electricals shares gained 3.76% from the previous close of ₹413.75, with the stock last trading at ₹429.30 as of September 28, 2026. This latest movement builds on the earlier 5% surge following the announcement of significant power distribution supply orders worth ₹251 crore. The stock has demonstrated strong momentum with a 101% rally on a year-to-date basis, jumping more than 2% in the past week and 5% over the month. The shares hit a 52-week high of ₹450 per unit on September 3, 2026, while touching a year's low of ₹150.86 on March 30, 2026.
Marine Electricals shares gained 5% following the announcement of significant power distribution supply orders worth ₹251 crore. According to a regulatory filing, the company was awarded three power distribution supply orders from major clients including Digital Edge DC (India) Private Limited, Socomec India Private Limited, and STT Global Data Centres India Private Limited. The stock was trading at ₹426.05 per share at around 10:50 AM, representing a 2.97% increase from the previous session.
As reported in the regulatory filing, the delivery timelines vary significantly across clients. The order from Digital Edge DC (India) is expected to be delivered over a 10-12 month period, while the power distribution supply order to Socomec India Private Limited will be completed within 4 months. The third order from STT Global Data Centres India Private Limited is scheduled for delivery over a 10-12 month timeframe. The company's total market capitalisation stands at ₹5,953.93 crore as of September 28, 2026, according to NSE data.
In a separate regulatory filing dated September 22, Marine Electricals announced entering into a head of terms agreement with Maritime 3 Group for developing and manufacturing India's first indigenous Automatic Identification System (AIS) Base Station incorporating VDES (VHF Data Exchange System) technology. This development marks a significant milestone towards advancing indigenous maritime communication and navigation solutions. The company also inaugurated its sixth manufacturing facility in Goa on September 21, featuring a combined floor space of approximately 1,60,000 sq. ft.
According to the latest financial data, Marine Electricals reported total income of ₹263.46 crore for the year ending March 31, 2026, representing a -6.23% decline from the previous year's ₹280.96 crore. The company's EBIT stood at ₹27.88 crore with a 10.58% margin, while profit after tax was ₹17.27 crore with a 6.55% net profit margin. The company has allocated 2.17% of operating revenues towards interest expenses and 8.05% towards employee costs in FY2026. With a market capitalisation of ₹5,790.20 crore, Marine Electricals ranks 13th within the Electric/Electronics sector by market cap.
