| Order Value | ₹250.78 CrExcluding Taxes |
|---|---|
| Market Cap | ₹5,721.93 CrCommercial Services |
| Revenue TTM | ₹969.12 CrLTM Performance |
| Day RSI | 57.17Neutral Zone |
| Order from | Digital Edge DC (India) Private Limited, Socomec India Private Limited, STT Global Data Centres India Private Limited |
| Execution period | 4 to 12 months |
Key highlights
- Total order value stands at ₹250.78 crore excluding taxes
- Primary scope involves the supply of specialized Power Distribution Systems
- Key clients include Digital Edge DC, Socomec India, and STT Global Data Centres
- Delivery schedules for major components are set between 10 and 12 months
- Short-term contract with Socomec India to be completed within a 4-month period
What Is the Order?
Marine Electricals (India) Limited has received three distinct work orders focused on the supply of Power Distribution Systems. Two large-scale projects were awarded by Digital Edge DC (India) Private Limited and STT Global Data Centres India Private Limited, both requiring delivery over a 10 to 12-month window. A third, more immediate contract was secured from Socomec India Private Limited, which specifies a delivery timeline of four months.
The cumulative value of these agreements reaches ₹250.78 crore, representing a significant addition to the company's existing industrial and data center infrastructure portfolio.
Client Profile
- STT Global Data Centres India: A leading co-location service provider with a massive footprint across major Indian metros
- Digital Edge DC: A pan-Asia data center platform backed by Stonepeak, focusing on high-growth digital infrastructure
- Socomec India: A subsidiary of the French industrial group specializing in low-voltage electrical network safety and control
- Strategic Importance: These clients represent high-growth verticals in the digital economy requiring mission-critical power solutions
Business Context
Marine Electricals operates within the electronic components and commercial services sector, maintaining a market capitalization of ₹5,721.93 crore. The company has shown strong financial growth, with trailing twelve-month (TTM) revenue reaching ₹969.12 crore and an annual net profit growth of 51.88%. Currently, the stock is trading at a P/E ratio of 89.37 against a sector average of 41.39.
This latest order influx follows a period of robust performance where quarterly revenue grew 55.21% year-on-year, significantly outpacing the broader sector's average growth of 36.99%.
Industry Landscape
The Indian data center industry is undergoing rapid expansion, driven by accelerated cloud adoption, 5G rollouts, and data residency requirements. This growth creates a massive tailwind for specialized electrical infrastructure providers. As global operators like STT GDC and Digital Edge scale their Indian operations, demand for high-reliability power distribution systems remains elevated.
Marine Electricals is positioning itself to capture this domestic capital expenditure, reflected in its order book and a 94.76% one-year stock price return, which indicates strong market momentum in the electronic components space.
| Share price | ₹413.75 |
|---|---|
| Market capitalisation | ₹5,721.93 Cr |
| Revenue (annual) | ₹876.94 |
| Net profit (annual) | ₹58.37 |
| P/E (TTM) | 89.37×Sector 41.39× |
| Promoter holding | 68.2%0.00% QoQ |
| FII holding | 1.12%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Marine Electricals (India) Limited announcing the receipt of multiple orders totaling ₹250.78 crore. Market figures from a third-party data provider.
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