Marine Electricals (india) Limited · NSE:MARINE
Marine Electricals (india) — Q1 FY27 Earnings Presentation
49 slides from Marine Electricals (india)'s earnings presentation, August 2026
Slide 1: Letter to National Stock Exchange
Ref: MEIL/SEC/2026-27/45 22nd September, 2026 To, The National Stock Exchange of India Limited. Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra- Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: MARINE ISIN: INE01JE01028 Dear Sir/Madam, Subject: Investor Presentation Pursuant to Regulati
Slide 2: Marine Electricals (India) Limited Investor Presentation August 2026
Marine Electricals (India) Limited Investor Presentation August 2026
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Marine Electricals (India) Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 4: Q1FY27 Highlights
Q1FY27 Highlights 3
Slide 5: Message from the Chairman
Message from the Chairman Commenting on the Q1FY27 Results, Mr. Vinay Uchil, Chairman & Executive Director said, “The first quarter of FY27 has set a strong direction for Marine Electricals (India), marked by faster execution and a growing market presence. We delivered a remarkable 55% increase in Q
Slide 6: Q1FY27 Performance Overview
Q1FY27 Performance Overview 55% 47% 51% YoY YoY YoY Revenue From Operations EBITDA PAT Rs. 259 Cr Rs. 33 Cr Rs. 18 Cr Margin: 12.3% 201% YoY Order Book Provides strong revenue visibility for the coming years Supports sustained growth across our core segments Rs. 2,073 Cr as of 30th Jun 2026 Reinforc
Slide 7: Key Business Highlights
Key Business Highlights Order backlog reached Rs. 2,073 Cr, up 201% YoY, providing ~8–24 months of revenue visibility and a healthy 01 execution pipeline Secured Rs. 784 Cr of new orders during Q1 FY27, strengthening growth momentum across business 02 segments 03 Q1 FY27 Revenue grew 55% YoY to Rs.
Slide 8: Strong Start to FY27 Backed by Historical Business Momentum
Strong Start to FY27 Backed by Historical Business Momentum Revenue From Operations (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 877 111 59 767 278 35 19 622 81 251 38 26 443 237 210 59 24 12 14 194 26 143 44 24 16 147 12 5 222 259 30 33 17 12 17 18 127 184 13 23 4 14 13 137 5 90 12 7 167 10 22 5 12 101 13
Slide 9: Strong Q1 Performance Across Business Segments
Strong Q1 Performance Across Business Segments Revenue From Operations (Rs. Cr) EBIT (Rs. Cr) 259 23 103 9 167 14 138 79 10 6 101 61 83 8 156 5 14 58 3 52 4 78 88 9 43 3 5 5 31 1 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Defence & Marine solutions Industrial solutions 8
Slide 10: Robust Order Book Backed by Key Order Wins
Robust Order Book Backed by Key Order Wins Order Wins Order Book Growth Client Value (Rs. Cr) 5.8 x Larsen & Toubro 115.0 Afcons Infrastructure, Knowledge Shipyard & Udupi Cochin 16.9 vs. FY22 baseline order book value Princeton Digital Group & C Torq Marine Services 70.9 Adani Infra & Udupi Cochin
Slide 11: Consolidated Profit & Loss Statement – Q1FY27
Consolidated Profit & Loss Statement – Q1FY27 In ₹ Crores Particulars Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q FY26 Total income 263.5 172.2 53% 281.0 -6% 893.2 Gross Profit 76.1 55.6 79.1 274.2 GP Margin (%) 28.9% 32.3% 28.1% 30.7% Employee Expenses 20.4 15.1 19.9 70.6 Other Expenses 23.1 18.3 24.1 92.8
Slide 12: Company Overview
Company Overview 11
Slide 13: Company Overview
Company Overview Marine Electricals (India) At A Glance Established Manufacturing Facilities Branch Offices & Service Centres 1978 12+ 28+ Business Verticals Employees Order Book 4 1,200+ Rs. 2,073 Cr. • Marine Electricals (India) is one of India's leading engineering companies providing power distr
Slide 14: Experienced Management & Board of Directors
Experienced Management & Board of Directors Vinay Uchil Venkatesh Uchil Shailendra Shukla Chairman & Executive Director Managing Director Executive Director • Joined the company in 1995 • Joined the company in 2002 • Over 30+ years of experience in the Maritime & • Successfully qualified the company
Slide 15: Management Team
Management Team Sunil Kumar Dalmia Cdr. Rajiv Malhotra Dr Milind Dalvi Deepak Vaidya CFO COO, Marine Business Unit CTO, Industry Business Unit Sr. VP Marketing, Industry Business Unit • 25+ years of experience in finance, • 40 years of experience, including 22 years • 40 years of experience in elect
Slide 16: Management Team
Management Team Sridhar Srinivasan Cpt. Kamal Yadav S. Subash CTO, R&D VP, (Global Sales) Marine Business Unit Asst. Vice President, Data Centre Business • Over 38 years of experience with Bharat Development, Industry Business Unit Electronics, Samsung, Thales, and e2V across • Experienced in electr
Slide 17: Business Verticals
Business Verticals Industry Solutions Vessel Traffic Management EV Charging Solutions Defence & Marine Solutions System • Tier-1 supplier to the Indian Navy and Indian Coast • India's largest licensed manufacturer of Schneider • Developer of the TITAN platform, a leading • End-to-end in-house design
Slide 18: Defence & Marine Solutions
Defence & Marine Solutions @
Slide 19: Defence & Marine Solutions Journey
Defence & Marine Solutions Journey 1998 2000-09 2009-14 2014-20 2021+ Future Commenced as a Electrical solutions Power generation Large orders from Capable of ● PMS for Navy provider of for ships at ABG, & distribution, the Indian Navy; executing ● Complete switchgear & other Chowgule, Cochin integr
Slide 20: Defence Solutions
Defence Solutions Integrated, © Bridge a. ole ay System G os 2 a Internal @—— Communication Integrated @- Platform Management System Tank Level © Indication VME based Open Architecture Automation Solutions, 's} Shock Graded and Including Steering Low Noise Motors Gear, and Stabilizers and Starters S
Slide 21: Commercial Solutions
Commercial Solutions emcees RANGE OF Bom es SERVICES ae Vessel Managment System Internat Engineering & Consultancy Project Management Communication System Electrical Installation ‘Low and Medium Switchboard with Power Management System: Solutions Shaft Maintenance Alternator Solutions Spare Parts Li
Slide 22: Our Presence
Our Presence Defence Submarine Destroyers & Frigates ASW Corvettes Providing electrical solutions for various indigenous submarine Supply of electrical equipment for Destroyers P-15, P-15A & P-15B Supply of electrical equipment for P28 Class of vessel, along with Projects. and Frigates P-16A, P-17A
Slide 23: Our Major Customers : Defence & Marine Solutions
Our Major Customers : Defence & Marine Solutions Indian Navy Indian Coast Guard Ministry of Defence (MoD) Goa Shipyard Ltd Cochin Shipyard Limited Hindustan Shipyard Limited L3 Technologies L&T Shipbuilding GRSE Shoft Shipyard Bangladesh Navy Shipping Corporation of India (SCI) Chowgule Group HEISCO
Slide 24: Opportunities Across Defence & Marine Solutions
Opportunities Across Defence & Marine Solutions India's Naval Fleet Expansion Global Shipbuilding Market: A USD 233 Billion Opportunity by FY35 Rs. 2.35 Lakh Cr 200+ ~50 USD 167 Bn ~3% CAGR USD 233 Bn naval procurement pipeline ship fleet target, up from warships currently under Market size, FY25 Gr
Slide 25: Structural Drivers Across Defence & Marine Solutions
Structural Drivers Across Defence & Marine Solutions Defence Modernisation Indian Navy Expansion Commercial Shipbuilding Rising defence spending and fleet 200+ ship fleet target creating long-term Capacity expansion across public and private modernisation driving demand for indigenous procurement op
Slide 26: Consolidated Financial Performance – Defence & Marine Solutions
Consolidated Financial Performance – Defence & Marine Solutions Revenue From Operations (Rs. Cr) 464.2 Order Backlog (Rs. Cr) 396.1 354.2 249.7 699.4 FY23 FY24 FY25 FY26 462.3 EBIT (Rs. Cr) 285.8 7.5% 7.6% 7.1% 8.6% 40.0 27.0 28.3 Mar-25 Mar-26 Jun-26 18.8 FY23 FY24 FY25 FY26 25
Slide 27: Industry Solutions
Industry Solutions
Slide 28: Industry Solutions Journey
Industry Solutions Journey 2004 LV : Own Brand Low Voltage MEcubE Medium Voltage Automation IBMS 2025 Agreement with Developed own LV Developed Enhanced Complete solution Provides turnkey Schneider Electric Distribution inhouse engineering to LV/MV Distribution Solutions MV Panels capabilities to op
Slide 29: Industry Solutions
Industry Solutions ae (Siig Tag tay i) | B "ali al BSE. ina a aiifeties — esi ; . === MEcubE+ MEcubE+ Drawout MEcubE+ PDU/ RPP MEpoweR+ MEpoweR¢ Ring-Air MEconnecT+ LV Switchboard LV Switchboard LV Switchboard MV Switchboard MV Switchboard Smart Connectivity Solutions Energy Management Solutions . .
Slide 30: Our Major Customers : Industry Solutions
Our Major Customers : Industry Solutions DATA CENTERS MICROELECTRONICS INFRASTRUCTURE OIL & GAS AUTO & TYRE CHEMICALS FMCG PHARMA METALS The Brand Names and Logos mentioned are the property of their respective companies/organization and are used here for identification purposes only 29
Slide 31: Strengthening Position Across Key Verticals
Strengthening Position Across Key Verticals Datacenters Industrial High-Rise Buildings ● Achieved leadership position in Data Centres ● Traditionally strong in Pharma (USFDA ● Involved in electrical works for LV & MV panels and requirement) and Automobile; not sector- automation systems ● Repeat ord
Slide 32: Rising Industrial Power Demand Driving Industry Solutions
Rising Industrial Power Demand Driving Industry Solutions India's Industrial Power Consumption Projected to Grow 152% by FY35 FY25 Industrial Electricity 3,84,418 Consumption +71% 6,55,562 +152% ~16,50,000 GWh GWh GWh (projected) FY14 FY25 FY35e Favorable Industry Tailwinds • Rising power demand ref
Slide 33: Consolidated Financial Performance – Industrial Solutions
Consolidated Financial Performance – Industrial Solutions Revenue From Operations (Rs. Cr) 412.8 371.0 Order Backlog (Rs. Cr) 267.9 193.2 1,373.5 FY23 FY24 FY25 FY26 791.8 EBIT (Rs. Cr) 6.2% 5.6% 6.7% 9.7% 239.6 40.0 25.0 Mar-25 Mar-26 Jun-26 15.0 12.1 FY23 FY24 FY25 FY26 32
Slide 34: Vessel Traffic Management System
Vessel Traffic Management System
Slide 35: Vessel Traffic Management System
Vessel Traffic Management System A Vessel Traffic System (VTS) is an IMO and IALA recommended service that gives real-time situational awareness via radar, AIS, camera, radio and weather sensors enabling Mandated for all Indian ports & competent authorities to safely manage traffic across ports, har
Slide 36: Structural Growth Opportunity in Vessel Traffic Management
Structural Growth Opportunity in Vessel Traffic Management USD 6.1 Bn 8.9% CAGR 12.2% CAGR Global VTM market size, 2024 Global market growth, 2025-2034 India VTM market growth to 2034 Global VTM Market Size Global VTM Market Size +8.9% CAGR USD 6.1 Bn ~USD 14.3 Bn Market Size Market Size (projected)
Slide 37: EV Charging Solutions
EV Charging Solutions 3 Bijlify
Slide 38: EV Charging Solutions
EV Charging Solutions Bijlify India — Complete EV Ecosystem Covering every touchpoint of the EV ecosystem — in-house hardware, software, UI & UX In-house hardware & Complete turnkey Full range of AC & DC OCPP Compliant Customised solutions Smart, fast, cost- Pan-India service software capabilities s
Slide 39: Structural Growth Opportunity in EV Charging Infrastructure
Structural Growth Opportunity in EV Charging Infrastructure India EV Charging Infrastructure Opportunity $557.4M $3,856.9M 27.4% Market size, 2025 Projected market size, 2033 CAGR, 2026–2033 Fast Charger Largest & fastest-growing charger-type segment 1.4% of global market China leads globally & in A
Slide 40: Building a Sustainable Competitive Advantage
Building a Sustainable Competitive Advantage
Slide 41: Why Marine Electricals (India)
Why Marine Electricals (India) Market Leadership High Entry Barriers ▪ Strong market position with ~50% share across key marine electrical ▪ Stringent vendor qualification process, requiring proven execution product categories experience, technical credentials and customer references ▪ Trusted Tier-
Slide 42: Historical Financial Snapshot
Historical Financial Snapshot 41
Slide 43: Consolidated Historical Financial Performance
Consolidated Historical Financial Performance Revenue From Operations (Rs. Cr) Order Backlog (Rs. Cr) 877.0 767.1 622.1 464.2 1,254.0 396.1 442.9 354.2 249.7 462.3 371.0 412.8 193.2 267.9 FY23 FY24 FY25 FY26 601.0 525.4 EBIT (Rs. Cr) 486.3 374.7 285.8 791.8 370.6 7.0% 6.7% 6.9% 9.1% 80.0 226.4 239.6
Slide 44: Strong Balance Sheet & Improving Returns
Strong Balance Sheet & Improving Returns Net Debt (Rs. Cr) RoE (%) RoCE (%) 72 11.7% 16.4% 10.1% 14.5% 13.8% 46 9.3% 12.5% 7.8% -6 -64 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 43
Slide 45: Disciplined Working Capital Management
Disciplined Working Capital Management Change in Working Capital (₹ Cr) – H1 vs H2* FY23 FY24 FY25 FY26 Working Capital Days 40 61 16 100 H2 H1 Working Capital Days H1FY25 H2FY25 FY25 H1FY26 H2FY26 FY26 83 Inventory days 56 32 37 41 31 35 46 Debtors days 162 134 155 146 158 176 25 47 18 Creditors da
Slide 46: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Crores Particulars Mar-26 Mar-25 Mar-24 Mar-23 Total income 893.2 780.4 629.3 447.4 Gross Profit 274.2 222.9 159.0 117.7 GP Margin (%) 30.7% 28.6% 25.3% 26.3% Employee Expenses 70.6 57.2 45.0 34.5 Other Expenses 92.8 83.6 55.0 40.1 EBITDA 110.8 82.0 58.9 43.
Slide 47: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement In ₹ Crores Assets Mar-26 Mar-25 Mar-24 Mar-23 Liabilities Mar-26 Mar-25 Mar-24 Mar-23 Non Current assets Equity Property, plant and equipment 44.9 41.6 39.2 34.6 Equity share capital 28.0 27.6 26.5 25.3 Right-of-use assets 6.1 7.8 3.9 3.1 Other equity 464.9 376.
Slide 48: Consolidated Cashflow Statement
Consolidated Cashflow Statement In ₹ Crores Particulars (Rs. Crs) Mar-26 Mar-25 Mar-24 Mar-23 Net Profit Before Tax 75.8 52.4 36.3 25.1 Adjustments for: Non Cash Items / Other Investment or Financial Items 30.3 36.2 26.8 19.2 Operating cash flows before working capital changes 106.0 88.6 63.1 44.2 C
Slide 49: Investor Relations Contacts
Company: Investor Relations Advisors: Marine Electricals (India) Limited Strategic Growth Advisors Pvt. Ltd. CIN: L31907MH2007PLC176443 CIN: U74140MH2010PTC204285 Mr. Rohit Ravi Mr. Aditya Parakh / Mr. Devraj Ghatge rohit.ravi@marineelectricals.com aditya.parakh@sgapl.net / devraj.ghatge@sgapl.net +
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