Electrical solutions stock jumps 9% after receiving domestic projects worth ₹306 Cr

Synopsis:- The stock jumped 9% after securing domestic orders worth Rs 306.22 crore across marine, data centre, and infrastructure segments. Key wins include multiple power distribution and communication projects with execution timelines of 1–24 months, improving order visibility. Operating efficiency remained stable with margins around 12% and expanding defence and commercial marine exposure.

The shares of the electrical and automation solutions provider gained up to 9 percent in today’s trading session after the company bagged multiple projects from domestic clients worth Rs 306.22 crore.

With a market capitalisation of Rs 2,518.34 crore, the shares of Marine Electricals (India) Limited were trading at Rs 182 per share, increasing around 7 percent as compared to the previous closing price of Rs 170.49 apiece.

Significant order

The share of Marine Electricals (India) Limited has seen positive movement after securing fresh orders worth  Rs 21.83 crore (excluding taxes) across marine and infrastructure segments. Key contracts include navigation and communication systems for Udupi Cochin Shipyard with a 24-month execution period, and power distribution system orders from Prestige Estates and Equinix India, to be executed over 6 and 4 months, respectively, reflecting diversified demand and steady order inflows.

Additionally, the company received a larger order package worth Rs 284.39 crore (excluding taxes), mainly from data center and shipcare clients. Major orders include power distribution systems for Digital Edge DC’s BOM-2 project, Crescon Projects’ LBOM-12 project, and SHM Shipcare. Execution timelines range between 1 to 8 months, strengthening revenue visibility and underscoring the company’s growing presence in high-growth data center infrastructure.

Financial & Other Highlights

The company delivered steady financial improvement in Q2FY26, with revenue rising 21% to  Rs 222 crore from  Rs 184 crore a year earlier. Profitability also strengthened, as net profit grew 31% to  Rs 17 crore, reflecting better operating efficiency, improved execution, and sustained demand across its core business segments.

Over the last one year, Marine Electricals (India) Ltd has shown steady improvement in operating efficiency. Operating profit increased from  Rs 21 crore in September 2024 to  Rs 26 crore in September 2025. During the same period, operating profit margin remained stable at around 12%, indicating effective cost control and consistent execution despite quarterly fluctuations in revenue.

Marine Electricals has built a strong track record across both defence and commercial marine segments. The company supplies electrical and automation systems for submarines, frigates, destroyers, corvettes, aircraft carriers, and Indian Coast Guard vessels. Its commercial portfolio spans merchant ships, passenger ferries, offshore oil and gas vessels, and battery-powered electric ferries, highlighting deep domain expertise and diversified execution capabilities.

Marine Electricals serves a strong and diversified client base in the marine segment, including the Indian Navy, Indian Coast Guard, and Bangladesh Navy, along with leading shipyards such as Cochin Shipyard, Goa Shipyard, GRSE, and Hindustan Shipyard. Its customer portfolio also includes global shipbuilders and offshore players, reflecting credibility, repeat business, and long-standing relationships across defence and commercial marine ecosystems.

Marine Electricals (India) Limited is a leading provider of electrical and automation solutions for the marine, defence, and industrial sectors. The company delivers end-to-end systems across naval ships, commercial vessels, data centres, and infrastructure projects, backed by strong engineering capabilities, long-standing customer relationships, and consistent execution across complex projects.

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