Marine Electricals Bags ₹393.52 Crore Orders from Web Werks, GRSE, and Others

Key numbers

Market Cap	₹6,037.24 CrElectronic Components
P/E TTM	94.3Sector PE 39.98
1Yr Price Change	94.56%High Momentum
Order from	Web Werks, CtrlS Datacenters, Garden Reach Shipbuilders, Navayuga Engineering
Execution period	4-28 months
Deal value	₹393.52 Cr
Share of market cap	6.5%
Share of annual revenue	40.6%

Key highlights

• Aggregate order value of ₹393.52 crore excluding taxes, representing 6.5% of market capitalization
• Secured MEP GC contract works from CtrlS Datacenters with a 6-8 month execution window
• Major marine electrical contract from Garden Reach Shipbuilders for a 7500 DWT MPV
• Power distribution system supply for Web Werks to be delivered over 18-24 months
• Expansion into port infrastructure with VTMS supply for the Ramayapatnam Port Project

Data Center and Infrastructure Momentum

Marine Electricals continues its aggressive expansion into the high-growth data center segment, securing MEP GC contract works from CtrlS Datacenters and power distribution system orders from Web Werks. These wins highlight the company's critical role in digital infrastructure, with the CtrlS project operating on a fast-track execution period of 6-8 months. This follows a string of similar high-value orders secured throughout August and September 2026 from Princeton Digital Group and Digital Edge DC.

The Web Werks order specifically involves a longer delivery cycle of 18-24 months, providing sustained work for the company's power distribution division.

Marine and Port Segment Breakdown

• Electrical works for a 7500 DWT Multipurpose Vessel (MPV) for Garden Reach Shipbuilders & Engineers Limited
• Project execution for the GRSE vessel scheduled over a delivery period of 24 to 28 months
• Supply of Vessel Traffic Management System (VTMS) for the Ramayapatnam Port Project through Navayuga Engineering
• Fast-track delivery for the VTMS project scheduled for completion within 4 to 7 months
• Total order value across four segments reaches ₹393.52 crore excluding taxes

Revenue Impact and Order Book Context

This latest ₹393.52 crore windfall represents approximately 40.6% of the company’s Trailing Twelve Month revenue of ₹969.12 crore. When combined with the ₹2,073 crore order book reported as of June 30, 2026, and subsequent wins exceeding ₹900 crore in the pre-October period, the company enters the second half of FY27 with high revenue visibility. This growth trajectory is supported by the recent commencement of operations at the new Goa manufacturing facility on September 14, 2026, which is targeted to reach a full capacity of 800 Power Train Units per year by March 2027 to meet rising demand.

What to watch next

• Full capacity achievement of 800 Power Train Units at Goa facility by March 2027
• Declaration of Q2 FY27 financial results following the trading window closure on October 1, 2026
• Completion of the Navayuga Engineering VTMS project within the 7-month timeframe

Marine Electricals (India) · financial snapshot

Share price	₹436.55
Market capitalisation	₹6,037.24 Cr
Revenue (annual)	₹876.94 Cr
Net profit (annual)	₹58.37 Cr
Revenue (latest quarter)	₹259.16 Cr-6.60% vs previous quarter
Net profit (latest quarter)	₹17.27 Cr-6.57% vs previous quarter
P/E (TTM)	94.3×Sector 39.98×
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.