MARINEIndustrial Products
Marine Electricals India Ltd — PE Ratio & Valuation Analysis
₹151.70
-4.93%
Current P/E68.68xPrice to earnings
Industry P/E33.94xSector average
4Y Avg P/E67.7x1.5% above avg
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102.4% Premium to Industry
MARINE P/E 68.68x vs sector avg 33.94x
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Historical PE Ratio
| Year | EPS (₹) | Year-end Price | PE Ratio |
|---|---|---|---|
| 2024 | ₹2.02 | ₹258 | 127.7x |
| 2023 | ₹1.36 | ₹102 | 74.7x |
| 2022 | ₹1.06 | ₹32 | 30.4x |
| 2021 | ₹1.05 | ₹40 | 37.9x |
PE = Year-end closing price ÷ Diluted EPS. Source: NSE/BSE filings.
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Understanding Marine Electricals India Ltd Valuation
Marine Electricals India Ltd (MARINE) currently trades at 68.68x earnings. The Industrial Products sector average PE is 33.94x. MARINE commands a premium, reflecting high growth expectations. Historically, MARINE has traded at an average PE of 67.7x — it is currently above that level. Always evaluate PE alongside earnings growth (PEG ratio), return on equity, debt levels and business quality. A lower PE isn't always better. Educational data only — not investment advice.
ROE
11.55%
Dividend Yield
0.13%
More on Marine Electricals India Ltd
Data from NSE/BSE public filings. Educational purposes only. Bull Run is not SEBI-registered. Not investment advice.