🚨 Marine Electricals: ₹1,255 Cr Order Book

Marine Electricals is quietly evolving from a traditional electrical solutions company into a diversified engineering & systems-integration play across Marine, Defence, Data Centres, Industrial Infrastructure and EV Charging. 📊 FY26 HIGHLIGHTS • Standalone Revenue: ₹746.9 Cr • Standalone PAT: ₹52.9 Cr | +28.9% YoY • Consolidated Revenue: ₹767.1 Cr • Consolidated EBITDA: ₹82.0 Cr • Consolidated PAT: ₹38.1 Cr • Order Book: ₹1,254.6 Cr | +139% YoY 🔥 THE BIG STORY = ORDER BOOK Order book jumped from ₹524 Cr → ₹1,255 Cr in just one year. This provides strong revenue visibility and reflects rising demand for the company's broader product and systems portfolio. ⚓ DEFENCE & MARINE Marine Electricals has established relationships across Indian naval shipbuilding and acts as a systems integrator/OEM across 25+ product categories. Its opportunity set includes: → Integrated Platform Management Systems → Integrated Bridge Systems → NAVCOM → Power generation & distribution → Naval automation → Lifecycle services The company's annual report also highlights a significant pipeline of naval projects across multiple shipyards.

Revenue growth ✅ PAT growth ✅ Order book +139% ✅ Defence exposure ✅ Data Centre opportunity ✅ Diversification ✅ The next big test: Can Marine Electricals convert this massive order visibility into consistent revenue growth, margins and operating cash flow? Bottom Line: Marine Electricals appears to be at an important inflection point, with a rapidly expanding order book and exposure to India's defence, digital infrastructure and electrification themes. Execution and cash-flow conversion will determine whether this order-book story becomes a sustainable compounding story. Neha Gupta SEBI Registered Research Analyst For educational purposes only. Not investment advice. Investors should conduct their own research. #MarineElectricals #Defence #DataCenters #Navy #ElectricalEngineering #EVCharging #Infrastructure #IndianStocks #Investing