Marine Electricals Share Price Target 2027: Can It Reach Rs 559? Base Case at Rs 467
- November 11, 2026
- Posted by: Kunal Singla
- Category: Market
Marine Electricals share price Rs 401.50 (11 November 2026). Base target Rs 467, bull Rs 559, downside risk Rs 311. PE 68.04. 52W range Rs 150.86 to Rs 490.85.
Quick Answer
The Marine Electricals share price target for 2027 is Rs 467, about 16.3% above the current price of Rs 401.50. The bull case is Rs 559, and the downside risk level, which is not a target, is Rs 311. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 44.5%, with the stock holding its PE of 68.04. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Marine Electricals target price for 2027 should start with where the stock sits today. At Rs 401.50 on 11 November 2026, it is 18.2% below its 52-week high of Rs 490.85 and 166.1% above its 52-week low of Rs 150.86. That range spans 225% from low to high, so the entry point matters as much as the Marine Electricals price forecast itself.
This article builds the Marine Electricals share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Marine Electricals Stock Analysis: Company Overview and Key Stats
Marine Electricals (NSE: MARINE) has a market capitalisation of Rs 5,447 crore. In FY26 it reported revenue of Rs 893.22 crore and net profit of Rs 58.62 crore. The table collects the figures the Marine Electricals share price target is built on.
| Metric | Value |
|---|---|
| Company | Marine Electricals |
| NSE Ticker | MARINE |
| CMP (11 November 2026) | Rs 401.50 |
| 52-Week High | Rs 490.85 |
| 52-Week Low | Rs 150.86 |
| Market Cap | Rs 5,447 crore |
| PE Ratio (TTM) | 68.04 |
| Industry PE | 42.59 |
| Price to Book | 10.11 |
| Return on Equity | 14.72% |
| Debt to Equity | 0.17 |
| EPS (TTM) | Rs 5.72 |
| Dividend Yield | 0.08% |
| 12-Month Base Target | Rs 467 |
| Bull Case | Rs 559 |
| Downside Risk Level (not a target) | Rs 311 |
Why Is Marine Electricals Share Price Target Set at Rs 467 for 2027?
The arithmetic is short. Trailing EPS of Rs 5.72 grown for one year gives a forward EPS estimate of Rs 6.86, and multiplying it by the unchanged PE of 68.04 gives the Rs 467 base-case Marine Electricals stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Marine Electricals Target Price: Five Years of Results
Marine Electricals grew revenue from Rs 381.18 crore in FY22 to Rs 893.22 crore in FY26, a compound annual growth rate of 23.7%. Net profit grew faster, from Rs 13.28 crore to Rs 58.62 crore (44.9% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 381.18 | 13.28 | 1.06 | 0.00 |
| FY23 | 447.38 | 16.80 | 1.36 | 0.00 |
| FY24 | 629.27 | 25.76 | 2.02 | 0.20 |
| FY25 | 780.41 | 38.11 | 2.81 | 0.30 |
| FY26 | 893.22 | 58.62 | 4.22 | 0.30 |
FY26 revenue growth was 14.5%, slower than the four-year average of 23.7%, and net profit moved up 53.8%. EPS rose from Rs 2.02 in FY24 to Rs 4.22 in FY26. The FY27 outlook for the Marine Electricals price target depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Marine Electricals converted 6.6% of FY26 revenue into net profit, against 4.9% in FY25, within a five-year range of 3.5% to 6.6%. EBITDA margin was 12.3% in FY26 versus 10.5% in FY25.
In the September 2026 quarter, revenue was Rs 408.18 crore, up 80.5% from the same quarter a year earlier, while net profit of Rs 32.09 crore was up 93.1%. EBITDA came in at Rs 53.07 crore, up 78.0% year on year. The next quarterly result is the first test of whether the earnings assumption behind the Marine Electricals stock target holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.17, and shareholders’ equity grew from Rs 181.59 crore in FY22 to Rs 501.67 crore in FY26. Operating cash flow in FY26 was negative at Rs 16.06 crore against capital expenditure of Rs 28.27 crore, leaving negative free cash flow of Rs 44.33 crore. In FY25 free cash flow was Rs 33.69 crore, so cash generation has not been steady year to year.
Valuation Check for the Marine Electricals Stock Target: PE, Price to Book and ROE
At a PE of 68.04 against an industry PE of 42.59, Marine Electricals trades at a premium to its industry. Price to book is 10.11 on a book value of Rs 38.50 per share, and return on equity is 14.72%. A PE of 68.04 equals an earnings yield of 1.5%, and the FY26 dividend of Rs 0.30 per share gives a yield of 0.08%.
Shareholding Pattern and Institutional Holding
Promoters held 65.19% of Marine Electricals in September 2026, and promoter holding fell from 68.54% in December 2025 to 65.19% in September 2026. Foreign institutional investors (FII) held 2.08% and domestic institutions (DII) held 1.08%, which puts total institutional holding at 3.16%. FII holding rose from 0.65% in December 2025 to 2.08% in September 2026. Public shareholders own the remaining 31.64%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.
Marine Electricals Share Price Targets for the Short Term and 12 Months
Short Term Marine Electricals Stock Target Levels: Technical Setup
At Rs 401.50 on 11 November 2026, Marine Electricals trades below its 50-day simple moving average of Rs 422.75 and above its 200-day exponential moving average of Rs 317.55. The 14-day RSI reads 47.0, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 422.75 (50-day simple moving average) and the nearest support is Rs 317.55 (200-day exponential moving average). A sustained move above Rs 422.75 would improve the short-term setup, while a close below Rs 317.55 would shift attention to the next support.
12 Month Marine Electricals Target Price for 2027
The 12-month target of Rs 467 means a move of 16.3% up from Rs 401.50 over the next 12 months. It would still leave the stock 4.9% below its 52-week high of Rs 490.85. Anyone checking the Marine Electricals share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Marine Electricals Target Price
| EPS Growth | PE 54.43 | PE 68.04 | PE 78.25 |
|---|---|---|---|
| 0.0% (EPS Rs 5.72) | Rs 311 | Rs 389 | Rs 448 |
| 20.0% (EPS Rs 6.86) | Rs 373 | Rs 467 | Rs 537 |
| 25.0% (EPS Rs 7.15) | Rs 389 | Rs 486 | Rs 559 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Marine Electricals price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Marine Electricals Stock Target in 2027
Bull Case Rs 559
The bull case Marine Electricals price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 7.15, and a PE multiple that rises 15% to 78.25. That gives Rs 559, 39.2% above the current price and above the 52-week high of Rs 490.85, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 311
The downside risk level is not a target. It assumes EPS stays flat at Rs 5.72 and the PE falls 20% to 54.43. That gives Rs 311, 22.5% below the current price and above the 52-week low of Rs 150.86.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 78.25 | Rs 559 | +39.2% |
| Base Case | 20.0% | 68.04 | Rs 467 | +16.3% |
| Downside Risk | 0.0% | 54.43 | Rs 311 | -22.5% |
Key Risks to the Marine Electricals Target Price for 2027
Growth Slowdown Risk for the Marine Electricals Price Target
Revenue in the September 2026 quarter was up 80.5% year on year, and FY26 revenue growth was 14.5%. If growth slows from here, the EPS estimate behind the Marine Electricals stock target will need revising.
Liquidity and Size Risk
Marine Electricals has a market capitalisation of Rs 5,447 crore. Institutional holding is 3.16%, and promoters hold 65.19%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 6.6% in FY26, so a small slip in costs moves profit noticeably. At a PE of 68.04 versus an industry PE of 42.59, a de-rating toward the downside-risk PE of 54.43 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 47.0 and the MACD sits below its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. Treat every Marine Electricals share price target as a range of outcomes rather than a single point.
How to Invest in Marine Electricals
Start with the live price and volume. Any Marine Electricals share price target is only as current as the data behind it, and the data here is as of 11 November 2026, so refresh the Rs 401.50 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Marine Electricals’ PE, ROE, debt and shareholding in one place.
Check Marine Electricals fundamentals on the Univest Screener
Then compare the three Marine Electricals target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Marine Electricals live price and get daily stock recommendations.
Conclusion
The Marine Electricals share price target for 2027 is Rs 467 in the base case, with Rs 559 as the bull case. The support for that view is arithmetic you can check: EPS grew 44.5% a year over FY24 to FY26, and the stock trades at a PE of 68.04. The risks are equally concrete, including a PE of 68.04 that sits above the industry PE of 42.59 and a downside scenario that cuts the price 23% if earnings stall. Use these numbers as a framework for judging the Marine Electricals price target, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Marine Electricals Share Price Target 2027
What is the Marine Electricals share price target for 2027?
Ans. The base-case Marine Electricals share price target for 2027 is Rs 467, which is 16.3% above the price of Rs 401.50 on 11 November 2026. The bull case is Rs 559 and the downside risk level, which is not a target, is Rs 311. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Marine Electricals share price today?
Ans. As of 11 November 2026, 9:53 AM IST, Marine Electricals (NSE: MARINE) trades at Rs 401.50, up 3.16% on the day. That is 18.2% below the 52-week high of Rs 490.85 and 166.1% above the 52-week low of Rs 150.86. The market capitalisation of Rs 5,447 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Marine Electricals a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 44.5% a year over FY24 to FY26 and the base case implies 16.3% upside; on the cautious side, the PE of 68.04 sits above the industry PE of 42.59, and the downside risk level of Rs 311 is 23% below the current price. Whether Marine Electricals fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Marine Electricals shares?
Ans. The bull case in the Marine Electricals share price target for 2027 is Rs 559, which assumes 25.0% EPS growth and a PE of 78.25, a 15% re-rating from today’s multiple. That is 39.2% above the current price and above the 52-week high of Rs 490.85, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 311, which assumes flat EPS and a PE of 54.43, 20% lower than today. It sits 22.5% below the current price and above the 52-week low of Rs 150.86, and it marks a risk to watch, not a target.
What are the main risks to the Marine Electricals price target?
Ans. Four risks matter most for the Marine Electricals share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 5,447 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 54.43 would cut the price even if earnings hold.
What is the PE ratio of Marine Electricals and how does it compare with the industry?
Ans. The PE ratio of Marine Electricals is 68.04, against an industry PE of 42.59, which is a premium to the industry. Price to book is 10.11 and return on equity is 14.72%, and the PE equals an earnings yield of 1.5%. The base case holds the PE unchanged, so the Marine Electricals share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Marine Electricals, and what is the promoter holding?
Ans. Promoters held 65.19% of Marine Electricals in September 2026. FII held 2.08%, DII held 1.08% and the public held 31.64%. Together the two institutional groups hold 3.16%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Marine Electricals’ latest quarterly results?
Ans. In the September 2026 quarter, Marine Electricals reported revenue of Rs 408.18 crore (up 80.5% year on year) and net profit of Rs 32.09 crore (up 93.1%). For comparison, FY26 full-year revenue growth was 14.5% and net profit moved up 53.8%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.
