Marine Electricals (India) Limited (NSE: MARINE), an built-in technical answer supplier within the discipline {of electrical} automation, introduced outcomes for the Quarter & Year ended March, 2021. The key highlights of the result’s as below:
Consolidated Financial Performance
(Rs. Crores)
This fall FY21
Q4FY20
% Change
FY21
FY20
% Change
Total Income
91.0
67.2
35%
259.0
269.0
-4%
EBIDTA
14.4
13.0
11%
35.0
28.4
23%
PAT
7.0
5.8
20%
13.5
5.9
130%
Total Comp. Income
7.7
3.8
101%
14.0
2.9
383%
Current Order Backlog Rs. 441 Crs
Yearly Financial Performance Highlights:
Consolidated Income of Rs. 259 crores in FY21; EBITDA of Rs. 35 crores with an EBITDA margin of 13.5% in FY21. PAT stands at Rs. 13.5 crores in FY21, Y-o-Y progress of 130%.
Consolidated Revenue from Electrical Segment is Rs. 233 Crores and EBIT of Rs. 23.6 Crs, YoY progress of 10% whereas Revenue from Solar Segment is Rs. 17.9 Crs and EBIT lack of Rs. 4.9 Crs.
Board has really useful maiden dividend of 10% of Face Value (Rs. 0.20 per fairness share) for the FY 2021.
Order Book:
Total order e-book of the Company as on thirty first March 2020 stands at Rs. 441 crores. Total Orderbook contains orders of Rs. 288.6 Crs. from Marine Segment and Rs. 152.7 Crs from Industrial segments. Some of the important thing orders obtained in the course of the yr are as follows:
Received an order for provide of Integrated Bridge Systems with all Sub-Systems (IBS) for 7 in nos. P17A Nilgiri-class Stealth Frigates for Indian Navy from Mazagon Dock Shipbuilders Limited and Garden Reach Shipbuilders & Engineers Ltd, amounting to Rs. 137.55 crore
Received an order of Rs. 81.18 Crore from Garden Reach Shipbuilders & Engineers (GRSE) for the provision & service of Integrated Bridge System (IBS) for Anti-submarine Warfare Shallow Water Craft (ASW SWC) Project
Received an order of Rs. 20 crore for Design & Supply of Power Distribution Busducts for Tata Projects Limited and Design and provide of Power Distribution Panels
Received an order from Bridge Datacentres (Mumbai) LLP for provide of LV & MV Switchboards bundle for Project Byte, amounting to Rs. 25.5 crore
Mr. Vinay Uchil, Chairman & Executive Director
Commenting on monetary efficiency, Mr. Vinay Uchil, Chairman & Executive Director, stated, “We are very delighted to announce our maiden Dividend in unprecedented difficult yr. Our monetary efficiency displays enchancment in working margin in electrical enterprise.
Despite all challenges we confronted in final yr, we’re joyful that we’ve got accomplished the NLC Solar Project and commissioned the identical. We have taken strategic resolution to deal with our Electrical enterprise which is offering vital alternative in Marine in addition to Industrial Segment.
The Indian shipyards have seen robust traction in previous couple of years by way of order consumption and with the renewed thrust of the Government, order inflows for shipyards anticipated to be fairly robust for development of latest vessels in subsequent few years. As an authorized vendor and Tier-I provider with within the Marine electrical ecosystem, this augurs nicely for MEL because it offers robust visibility of orders with progress of ship constructions at shipyards. With present orderbook and strong outlook for potential orders, MEL is nicely positioned to drive robust Revenue and profitability progress on the again of the Marine section.
We are witnessing growing momentum in inquiries publish the Government push for ‘Make in India‘ program. We imagine this momentum will additional choose up with massive corporates and MNCs start placing up their amenities in India. We are fairly enthusiastic about Industrial Business Segment and we’re able to seize the growing demand going ahead.”
Marine Electricals is likely one of the main gamers providing complete electrical options to Marine Segment in addition to different Industries. With greater than 40 years of expertise, Marine has proven robust capabilities to maneuver up the worth chain from being a mere product provider to an entire answer supplier.
Marine has achieved ft of authorized vendor with all main shipbuilders in India in addition to Middle East and competes as amongst prime 3 suppliers for many of Low Voltage Product or Solution to Shipyards. Marine affords Integrated Electrical options for varied techniques of Ships like Navigation Systems, Integrated Bridge Control Systems, Dynamic Positioning System, Shock graded motors, Valve management techniques, Fire & Flood path system, Internal Communication System, Shock Graded Light Fittings and so forth. Marine has developed robust references of labor completed on all king of ships like Submarine, Aircraft Carriers, Frigates, Corvettes, Survey Vessels, Commercial Vessels, Inland Vessels.
Marine is unique associate of Schneider Electric for manufacturing of it is ‘Blockset‘ Panels for provide in western India. It has robust presence in rising segments with excessive electrical want like Solar energy, Railways, Metro Railways, Electrical Vehicles charging, Large Residential and Commercial Buildings and so forth. Marine is amongst the chief in provide of LV options to Data Centers in India.
