Marine Electricals (India) (MARINE): Marine Electricals Share Price Falls 5.5% Today as Stock Declines to Rs 396.10
- September 15, 2026
- Posted by: Harsh Piplani
- Category: News
Marine Electricals Share Price fell to Rs 396.10 on 15 September 2026, down 5.50% for the day from the previous close of Rs 419.15. The move took the company’s market capitalisation to Rs 5,865.77 crore and put the Mid Cap stock in focus among market watchers tracking sharp single-session declines.
The verified data confirms the fall in price, but it does not identify a company-specific trigger behind the move. That means today’s action is best read as a market event first, followed by a check on valuation, profitability, technical position and industry comparison using only the available numbers.
For investors, the immediate questions are straightforward: how the stock traded through the session, whether the present valuation still looks demanding after the drop, and how the company stacks up against other businesses in the Capital Goods and Electric Equipment space. This article addresses those questions without adding unverified explanations.
Marine Electricals (India) (MARINE) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 396.1 |
| Previous Close | Rs 419.15 |
| Today's Move | -Rs 23.05 (-5.5%) |
| Open | Rs 422 |
| High | Rs 426.55 |
| Low | Rs 393.85 |
| Turnover | Rs 11.17 crore |
| Market Capitalisation | Rs 5,865.77 crore |
| Market Cap Category | Mid Cap |
Marine Electricals Share Price Today shows a volatile session. The stock opened at Rs 422, moved up to Rs 426.55, and then reversed lower to a day low of Rs 393.85 before trading at Rs 396.10. From the previous close of Rs 419.15, that translates into a loss of Rs 23.05, or 5.50%.
The intraday sequence matters. Opening above the previous close and touching a higher level early in the session suggests initial buying interest. But the later slide toward the day’s low shows that selling pressure dominated as trading progressed. With turnover at Rs 11.17 crore, the move was accompanied by measurable activity rather than a completely inactive tape.
Because the stock ended near the lower end of its day range, attention now shifts to whether that lower band starts acting as a near-term reference point for traders. The available data can describe the pattern clearly, but it cannot confirm why that reversal happened.
Marine Electricals (India) (MARINE) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 5,865.77 crore |
| P/E Ratio | 91.62x |
| P/B Ratio | 11.49x |
| ROE | 11.83% |
| ROCE | 16.63% |
| EPS | Rs 4.58 |
| Book Value Per Share | Rs 36.47 |
| Dividend Yield | 0% |
The company is valued at 91.62 times earnings and 11.49 times book value. Even after today’s decline, those are elevated multiples on an absolute basis. The market is therefore still assigning a premium to the business, and that premium becomes more interesting when viewed against its return ratios.
ROE stands at 11.83% and ROCE at 16.63%. These are positive profitability indicators, but they do not by themselves look as stretched as the valuation multiples. EPS is Rs 4.58, book value per share is Rs 36.47, and dividend yield is 0. Together, those figures point to a stock whose appeal in current pricing appears to depend more on growth expectations or business positioning than on cash yield.
That gap between valuation and operating returns is central to the current discussion. A sharp price fall does not automatically make a richly valued stock inexpensive. It only changes the level from which investors are re-evaluating the same set of fundamentals.
Technical Context: RSI and Trading Range
The supplied technical indicator shows an RSI of 66.24. On its own, this does not confirm direction for the next move, but it does indicate that the stock was not trading from an extremely weak momentum reading in the provided snapshot. That makes today’s decline notable because it arrived even with RSI still in a relatively firm zone by simple interpretation.
The day range was also broad. The difference between the high of Rs 426.55 and the low of Rs 393.85 highlights the intensity of the session. When a stock travels across a wide intraday band and still finishes near the lower side of that range, traders typically pay close attention to whether that pressure fades quickly or continues into subsequent sessions.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Capital Goods |
| Industry | Electric Equipment |
| Benchmark Scope | same industry |
| Company P/E Ratio | 91.62x |
| Benchmark Median P/E | 37.74x |
| Benchmark Average P/E | 54.33x |
| Benchmark P/E Range | 4.76x to 707.23x |
| Company P/B Ratio | 11.49x |
| Benchmark Median P/B | 4.57x |
| Benchmark Average P/B | 6.52x |
| Company ROE | 11.83% |
| Benchmark Median ROE | 16.85% |
| Benchmark Average ROE | -17.63% |
| Company ROCE | 16.63% |
| Benchmark Median ROCE | 19.94% |
| Benchmark Average ROCE | 21.02% |
| Company Market Capitalisation | Rs 5,865.77 crore |
| Benchmark Median Market Cap | Rs 987.78 crore |
| Benchmark Average Market Cap | Rs 13,309.62 crore |
Marine Electricals Share Price becomes easier to interpret in the context of its industry. The company sits in Capital Goods within Electric Equipment, and the benchmark covers 102 companies from the same industry. That gives a useful base for comparing valuation, profitability and size.
On valuation, the company’s P/E of 91.62 is well above the industry median of 37.74 and also above the average of 54.33. Its P/B of 11.49 is similarly above the benchmark median of 4.57 and average of 6.52. So even after today’s drop, the stock still trades at a clear premium to much of the industry set.
On returns, the picture is more restrained. ROE of 11.83% is below the industry median of 16.85%, and ROCE of 16.63% is below the median of 19.94% and average of 21.02%. In size terms, the company’s market capitalisation is above the industry median of Rs 987.78 crore but below the average of Rs 13,309.62 crore. The broad takeaway is that the stock carries a richer valuation than the industry middle while its return ratios sit below industry medians.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| ABB India | ABB | 1,54,038.32 | 51.56 | 16.49 | 22.39 | 30.18 |
| CG Power and Industrial Solutions | CGPOWER | 1,43,365.96 | 114.69 | 17.45 | 20.43 | 27.94 |
| Siemens | SIEMENS | 1,41,055.77 | 43.07 | 9.95 | 15.64 | 21.42 |
| Hitachi Energy India | POWERINDIA | 1,40,025.86 | 121.72 | 25.6 | 21.04 | 28.73 |
| GE Vernova T&D India | GVT&D | 1,16,373.15 | 89.17 | 38.11 | 55.26 | 75.51 |
The supplied peer set includes ABB India, CG Power and Industrial Solutions, Siemens, Hitachi Energy India and GE Vernova T&D India. Against these companies, Marine Electricals is much smaller by market capitalisation at Rs 5,865.77 crore.
Its P/E of 91.62 is above ABB India and Siemens, close to GE Vernova T&D India, and below CG Power and Hitachi Energy India. On P/B, it is lower than ABB India, CG Power, Hitachi Energy India and GE Vernova T&D India, but above Siemens.
The profitability comparison is more challenging. ROE of 11.83% is below all five peers, and ROCE of 16.63% is also below every supplied peer figure. That suggests the stock still commands a meaningful market premium despite return ratios that do not match the peer group shown here.
Why Investors Are Watching Marine Electricals
- Sharp daily decline: The stock lost Rs 23.05, or 5.50%, in one session.
- Clear intraday reversal: It opened strong, touched Rs 426.55, and later fell to Rs 393.85.
- Premium multiples: P/E and P/B remain above industry medians even after the fall.
- Moderate return profile: ROE and ROCE are below the industry medians and below the supplied peer set.
- Useful sector context: The company operates in Electric Equipment, where valuation dispersion across listed names is wide.
About Marine Electricals
Marine Electricals (India) is classified in the Capital Goods sector and Electric Equipment industry. That classification matters because comparisons are most meaningful within the same operating universe, especially when investors are judging valuation and return ratios after a sharp single-day move.
Track Marine Electricals Share Price on Univest
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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).
Frequently Asked Questions
Why is Marine Electricals Share Price falling today?
Ans. Marine Electricals Share Price fell 5.50% to Rs 396.10 from the previous close of Rs 419.15. The supplied data confirms the decline, but it does not establish a company-specific catalyst for the move.
What is Marine Electricals Share Price Today?
Ans. The stock was at Rs 396.10. It opened at Rs 422, touched a high of Rs 426.55 and a low of Rs 393.85 during the session. The previous close was Rs 419.15.
What are the key valuation ratios of Marine Electricals?
Ans. The company is trading at a P/E ratio of 91.62 and a P/B ratio of 11.49. These are above the industry medians provided in the benchmark snapshot. The relevant peer median P/E is 37.74x.
How does Marine Electricals compare with its industry benchmark?
Ans. Its valuation multiples are above the same-industry medians, while its ROE and ROCE are below the benchmark medians of 16.85% and 19.94% respectively. The stock belongs to the Capital Goods sector.
