Which companies are Marine Electricals (India)'s closest peers?

The cockpit's peer set: Sharda Cropchem (SHARDACROP.NS), ARKO Petroleum (APC), MMTC (MMTC.NS), SBC Exports (SBC.NS), Lloyds Enterprises (LLOYDSENT.NS), Gujarat Mineral Development (GMDCLTD.NS), Cricut (CRCT), GigaCloud Technology (GCT).

Is Marine Electricals (India) expensive compared with its peers?

On ev / sales it trades at 5.6× against a peer median of 3.4×, 3rd most expensive of 9 in its peer set.

How has Marine Electricals (India) stock performed?

Over six months to 6 Nov 2026 the shares returned +66.0% against -16.3% for the median peer; over one year +58.0%.

← CockpitCompetitor Analysis › MARINE.NS Marine Electricals (India) LimitedOpen in the cockpit ↗

Marine Electricals (India) LimitedMARINE.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Wholesale Distributors

Momentum leader 92

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$571M

US dollars, full cap

$/day

$5.86M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-1.1 pp

WACC 14.5%

Hurdle

n/a

no reverse DCF

Close · INR₹391.30

1D-11.6%

1W-2.1%

1M-17.9%

3M+21.6%

6M+66.0%

YTD+80.9%

1Y+58.0%

ATR %7.8%

Beta1.34

52w lowhigh20.3% off high

What Marine Electricals (India) does

Employees: 711

Marine Electricals (India) at a glance

Size Marine Electricals (India) (MARINE.NS) is an India Consumer Discretionary company (Wholesale Distributors) with a market value of $571M, the 788th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹391.30 on 6 Nov 2026.

Performance Over six months the shares gained 66.0%, against -16.3% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 9 in its peer set.

Growth Revenue grew 21.8% over the last twelve months (peer median +18.0%); the operating margin is 9.3% (peer median 9.9%).

Valuation It trades at 5.6× enterprise value to sales against a peer median of 3.4× (3rd most expensive of 9).

Capital Return on invested capital runs 1.1 points below its cost of capital (14.5% WACC).

Relative performance

Six months, rebased to 100: Marine Electricals (India) against the median of its 8 peers (local-currency closes).

Marine Electricals (India) financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹9.69B	₹8.76B	₹7.67B	₹6.22B	₹4.42B
Revenue growth	—	+14%	+23%	+41%	—
Gross profit	₹1.87B	₹1.72B	₹1.35B	₹932M	₹687M
EBITDA	₹1.06B	₹1.14B	₹696M	₹527M	₹410M
Net income	₹640M	₹584M	₹384M	₹259M	₹167M
Free cash flow	n/a	-₹505M	₹442M	-₹432M	-₹255M
Capital expenditure	n/a	₹283M	₹218M	₹242M	₹230M
Total debt	n/a	₹886M	₹552M	₹970M	₹657M

Quarterly statements and history in the cockpit →

Marine Electricals (India) competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Marine Electricals (India) is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Marine Electricals (India) is the large dot.

Marine Electricals (India) competitors and peer comparison

How Marine Electricals (India) compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Marine Electricals (India) against its 8 peers (data as of 6 Nov 2026)
Measure	MARINE.NS	Peer median	Rank in peer set
1-month return	-17.9%	-4.0%	2nd lowest of 9
6-month return	+66.0%	-16.3%	3rd highest of 9
Distance from 52-week high	-20.3%	-29.8%	4th highest of 9
Revenue growth (TTM)	+21.8%	+18.0%	4th highest of 9
Operating margin	9.3%	9.9%	5th highest of 9
EV / Sales	5.6×	3.4×	3rd most expensive of 9
ROIC minus cost of capital	-1.1 pp	-0.0 pp	4th lowest of 9
EV / EBITDA	51.0×	17.8×	3rd most expensive of 7
Net debt / EBITDA	-0.6×	-0.5×	3rd least indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Marine Electricals (India) MARINE.NS	India	$571M	+66%	+22%	9%	5.6×	n/a	n/a
Sharda Cropchem SHARDACROP.NS	India	$655M	-39%	+17%	14%	1.0×	-2.6%	+17.1%
ARKO Petroleum APC	United States	$704M	-23%	-12%	2%	0.3×	4.8%	-7.6%
MMTC MMTC.NS	India	$847M	-20%	-20%	-6,724%	2,930.2×	n/a	n/a
SBC Exports SBC.NS	India	$346M	+102%	+63%	8%	6.7×	n/a	n/a
Lloyds Enterprises LLOYDSENT.NS	India	$988M	-12%	+33%	8%	4.7×	n/a	n/a
Gujarat Mineral Development GMDCLTD.NS	India	$1.56B	-34%	+19%	15%	4.5×	n/a	n/a
Cricut CRCT	United States	$1.84B	+104%	-1%	17%	2.2×	-10.4%	-5.9%
GigaCloud Technology GCT	United States	$2.08B	+45%	+23%	12%	1.5×	8.0%	+36.2%

Questions

Which companies are Marine Electricals (India)'s closest peers?: The cockpit's peer set: Sharda Cropchem (SHARDACROP.NS), ARKO Petroleum (APC), MMTC (MMTC.NS), SBC Exports (SBC.NS), Lloyds Enterprises (LLOYDSENT.NS), Gujarat Mineral Development (GMDCLTD.NS), Cricut (CRCT), GigaCloud Technology (GCT).
Is Marine Electricals (India) expensive compared with its peers?: On ev / sales it trades at 5.6× against a peer median of 3.4×, 3rd most expensive of 9 in its peer set.
How has Marine Electricals (India) stock performed?: Over six months to 6 Nov 2026 the shares returned +66.0% against -16.3% for the median peer; over one year +58.0%.