In this article you get to know insight about Marine Electricals Share Price Target, Marine Electricals Ltd, established in 1978 and headquartered in India, is a prominent player in the field of Electrical Automation and Information and Communication Technology Solutions. The company specializes in providing integrated technical services across various sectors, including shipbuilding, industry, navy, and commercial establishments. Marine Electricals is renowned as India’s largest supplier of marine applications for electrical and automation equipment.
The company made its Initial Public Offering (IPO) debut on September 28, 2018, and was subsequently listed on NSE and BSE on October 11, 2018. The IPO garnered significant investor interest, with a minimum investment size of Rs. 1,32,000 and a minimum lot size of 2000 shares. Marine Electricals Ltd presents a potential multibagger opportunity, given its status as a small-cap stock and strong fundamentals and financials.
Fundamental Insights:
| Market Cap | ₹608 Crores |
| P/E Ratio | 36.15 |
| Return on Equity (ROE) | 8.88% |
| Earnings per Share (EPS) | ₹1.35 |
| Dividend Yield | 0.40% |
| Book Value | ₹16.50 |
| Debt to Equity Ratio | 0.32 |
Financial Trends:
2019: Revenue – ₹400 Crores, Profit – ₹9.22 Crores
2020: Revenue – ₹263 Crores, Profit – ₹5.61 Crores
2021: Revenue – ₹251 Crores, Profit – ₹12.90 Crores
2022: Revenue – ₹376 Crores, Profit – ₹12.98 Crores
Share Price Targets:
| Year | First Target (INR) | Second Target (INR) |
| 2023 | ₹35 | ₹43 |
| 2024 | ₹45 | ₹49 |
| 2025 | ₹54 | ₹66 |
| 2026 | ₹71 | ₹76 |
| 2027 | ₹83 | ₹88 |
| 2028 | ₹89 | ₹97 |
| 2029 | ₹109 | ₹117 |
| 2030 | ₹124 | ₹140 |
Marine Electricals Share Price Targets:
2023: Marine Electricals Share Price Target for 2023 is projected to range between ₹35 and ₹43. These targets are based on technical analysis considering prevailing market conditions.
2024: In 2024, Marine Electricals may continue its long-term growth trajectory. The estimated Marine Electricals Share Price Target for 2024 is ₹45, with a potential second target of ₹49.
2025: Despite short-term fluctuations, experts foresee a positive trend in 2025. The Marine Electricals Share Price Target for 2025 is expected to be ₹54, with a second target of ₹66.
2030: With the company’s robust performance and sustained financial trends, long-term investors predict substantial growth. Marine Electricals Share Price Target for 2030 is estimated to range from ₹124 to ₹140, potentially offering significant returns.
FAQs:
Expected share price of Marine Electricals after 5 years?
Based on analysis, the share price of Marine Electricals after 5 years is anticipated to range between ₹83 and ₹88 in 2027. Actual share prices may vary.
Can Marine Electricals prove to be a multibagger in the future?
Yes, Marine Electricals has the potential to provide significant returns in the long term. The company’s focus on new technology and continued growth efforts make it an attractive investment for potential multibagger gains.
DISCLAIMER: Investing in the stock market carries inherent market risks. It is essential to thoroughly review all scheme-related documents prior to making any investment decisions.
