MarketFriction

Marinetrans India Ltd

NSE MARINETRAN · Logistics Solution Provider
₹14.50 +4.69%
NSE close2026-09-29
52 week range13.30 - 28.20
Market cap₹18.5 Cr.
P/E30.8
IPO 2023 · -44% since Price band 5% Delivery 100.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales426479795770
Expenses416378785670
Operating Profit111111
OPM %2.5%1.3%1.2%1.1%1.5%1.0%
Other Income000000
Interest100000
Depreciation000000
Profit before tax000000
Tax %0%74%42%33%40%40%
Net Profit000000
EPS in Rs0.550.080.230.200.240.23
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales12296203150106158127
Expenses12194200148104156126
Operating Profit1133222
OPM %0.7%1.3%1.4%1.7%1.7%1.2%1.3%
Other Income0000000
Interest1000111
Depreciation0000000
Profit before tax0132111
Tax %26%27%25%27%31%43%40%
Net Profit0122101
EPS in Rs8.6219.9546.551.820.450.390.47
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%6%-5%-19%
Compounded Profit Growth%-6%-27%20%
Stock Price CAGR%%%-15%
Return on Equity%5%2%2%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.410.410.419131313
Reserves1112147131314
Borrowings32367810
Other Liabilities107641377
Total Liabilities25222326454143
Fixed Assets0000000
CWIP0000000
Investments0000000
Other Assets24222326454143
Total Assets25222326454143
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity02-1-1-8-10
Cash from Investing Activity10-0-0-1-0-1
Cash from Financing Activity-1-1-029-01
Net Cash Flow-11-120-20
Free Cash Flow02-1-1-8-10
CFO/OP-111%-27%52%-9%-397%40%-21%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days54623028864662
Inventory Days
Days Payable
Cash Conversion Cycle54623028864662
Working Capital Days27352230775158
ROCE %11%18%13%7%5%5%
Mar 2024Sep 2024Dec 2024Mar 2025Sep 2025Mar 2026Jun 2026
Promoters67.00%67.00%67.00%67.00%67.00%67.09%67.09%
Public33.00%33.00%33.00%33.00%33.00%32.91%32.91%
No. of Shareholders458414412399382357355

Fundamentals

Market Cap₹ 18.5 Cr.
Current Price₹ 14.5
Stock P/E30.8
Book Value₹ 20.8
ROCE5.31 %
ROE2.29 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-19%
Compounded Profit Growth (TTM)20%
Standalone figures.
Valuation
Market capRs 12 Cr
Enterprise valueRs 16 Cr
P/E (TTM)7.98x
Price to book0.78x
Price to sales0.08x
EV / EBITDA6.13x
EV / EBIT6.25x
EV / sales0.11x
Earnings yield12.54%
Profitability
Operating margin (excl. other income)1.67%
Operating margin (incl. other income)1.73%
EBITDA margin1.73%
Pre-tax margin1.40%
Net profit margin1.03%
ROE10.31%
ROCE13.29%
ROA6.37%
ROE, 3-year average10.42%
ROCE, 3-year average14.15%
ROA, 3-year average6.13%
ROIC (approx.)9.65%
Tax rate26.67%
Other income / net worth0.57%
Growth
Sales growth (latest year)-26.07%
Profit growth (latest year)-17.99%
Sales CAGR, 3 years7.17%
Profit CAGR, 3 years64.22%
Per share
EPS (TTM)Rs 1.82
EPS (latest year)Rs 1.82
EPS, 3-year averageRs 22.77
Book value per shareRs 18.54
Sales per shareRs 176.19
Cash flow per shareRs -0.90
Free cash flow per shareRs 0.00
Efficiency
Asset turnover5.81x
Fixed asset turnover682.82x
Debtor days28 days
Debtors turnover13.21x
Cash conversion cycle62 days
Working capital days58 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 2 Cr
Net debtRs 4 Cr
Debt to equity0.36x
Net debt / EBITDA1.37x
Interest coverage5.67x
Owners' fund to total sources61.18%
Debt to assets21.75%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Cash from ops / profit, 5 years-1.83x
Statement figures
Net sales (TTM)Rs 150 Cr
Net sales (latest year)Rs 150 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 144 Cr
Total expenditure (latest year)Rs 148 Cr
Total income (latest year)Rs 150 Cr
Share capitalRs 9 Cr
ReservesRs 7 Cr
Shareholders' fundsRs 16 Cr
Total assetsRs 26 Cr
Net blockRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 11 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.85
Ownership
Promoter holding67.09% (+0.09 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.0 is at the 35th percentile of its own 2.8-year range (median 16.5, low 6.8, high 93.3).
P/B 0.78 is at the 6th percentile (median 1.20).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMARINETRANNifty 50Difference
1 week-14.2%-2.8% -11.4 pts
1 month-1.4%-6.8% +5.4 pts
3 months-15.7%-7.6% -8.1 pts
6 months-12.1%+0.4% -12.5 pts
1 year-45.3%-9.9% -35.4 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -6% of net profit over the last 3 years
explainShare dilution Share count up 2025% in a year, 2025% in three
explainDebt up, profit down Borrowings up 110% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹70 Cr +9.4% vs Mar 2024. Net profit ₹0 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Marinetrans India Ltd?

Marinetrans India Ltd (MARINETRAN) has a market capitalisation of Rs 18.5 Cr. at the 2026-09-29 close.

What is the P/E ratio of Marinetrans India Ltd?

Marinetrans India Ltd trades at a P/E of 30.8 on trailing twelve-month profit, at the 2026-09-29 close.

What were Marinetrans India Ltd's latest quarterly results?

In the Mar 2026 quarter, Marinetrans India Ltd sales was Rs 70 Cr (+9.4% vs Mar 2024) and net profit was Rs 0 Cr.

What is the 52-week high and low of Marinetrans India Ltd?

The 52-week high is Rs 28.20 and the 52-week low is Rs 13.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03