MARINE ELECTRICAL (I) Share price

ABOUT THE COMPANYThe Company is a growing Integrated Electrical and Automation Solution Provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy Commercial Shipbuilding) and Non Marine sector (Data Centre Building Management Systems Industrial etc). the Company provides solution in Low Voltage Medium Voltage and Industrial Automation backed by In-house Product Design & Development Manufacturing Installations and after sale service. the Company has business relationships with global electrical players like Schneider Electric Siemens GE. Such strategic tie ups give us the competitive edge over the competitors. Further we have entered into an agreement with NLC India Limited to provide Solar Power Evacuation system thus venturing into the renewable energy segment.We have the competence and facilities to provide these state of the art panels starting from design and development to prompt after sales support. the manufacturing facilities are certified as per ISO 9001 ISO 14001 and OHSAS 18001 for the Quality Management system Environmental Management System and Occupation Health & Safety Management System respectively. the manufacturing facilities have all the latest CNC bending and turret punching machines to deliver equipment within the demanding tolerances to meet the requirements of this latest globally offered panels this is also supported by the pretreatment and painting facilities.We ensure the quality of the products through rigorous testing including testing of sub system before integration and followed by testing of the entire system when assembled. We provide a combination of engineering manufacturing testing facilities and after sales support that provides customer delight to the equipment offered by us.The Managing Director and Promoter Mr. Venkatesh Uchil is actively involved in procurement production and technical areas of the Company. He actively participates in timely execution of the Industry Orders and is the guiding force behind the growth and business strategy of the Company. Mr. Vinay Uchil the Chairman & the Executive Director & also Promoter of the Company is instrumental in expanding the business of the Company to a new height by diversification of the business into difference verticals i.e. Marine & Non- Marine Sectors & Renewable Energy.The Company’s revenue from operation have increased at a CAGR of 15.84% from 15975.08 lakhs in FY 2013-14 to ` 28766.39 lakhs in FY 2017-18; EBITDA has increased at a CAGR of 16.88% from ` 1405.27 lakhs in FY 2013-14 to ` 2622.68 lakhs in FY 2017-18.MAJOR EVENTS IN THE HISTORY OF the COMPANY:1978- Started as a Proprietary firm manufacturing Switch Gears for the Indian Navy1998- Started Supplies into commercial ships for both private shipyards like ABG BSL Tebma and govt shipyards.2000- Set up the first manufacturing Plant in Goa situated at plot 17-18 Verna Industrial Estate Verna Taluka Salcete South Goa.2001- Involved in a large retrofit project of refurbishment of Aircraft carrier INS Viraat electrical equipment.2003- Started exports of the equipment to UAE and other countries in the Middle East.2004- Formed a Joint Venture Company with Mcgeoch Technology UK specialists in Lighting solutions for Royal Navy UK to manufacture these products in India for Indian Navy and Royal Navy.- Conversion of sole proprietorship from “Marine Electricals” to partnership firm as “Marine Electricals”2005- Entry in to Non – Marine Segments – Partnering with Schneider Electric for offering solutions in western region2006- Set up the Second manufacturing plant in Goa situated at N-51 N-52 N-59 & N-60 Verna Industrial Estate Survey No. 33 of Verna Village Verna Taluka Salcete South Goa.2007- Conversion of the Company i.e. “M/S Marine Electricals” from a partnership firm to private limited Company as “Marine Electricals (India) Private Limited” under Companies Act 1956.- Acquired AEC a Company manufacturing specialized Electronic solutions for Indian Navy.2008- Started export of the equipment into Europe and subsequently into USA2010- Acquired Narhari Engineers a Partnership Company manufacturing specialized shock graded motors for the Indian Navy- Started Marine Electricals FZC to supply competitive IBS solutions to the shipyard customers in India.2011- Became a subsidiary of Marine Electricals (India) private limited in 2011.2012- Largest Partner for Schneider Blokset in India a Position we have Retained till date2014- The Subsidiary Marine Electricals FZC appointed Resellers and service representatives of Northrop Grumman Sperry Marine for UAE2015- Appointed as a Franchise Partner for Medium voltage solutions upto 33KV by Schneider Electric.2016- Subsidiary Marine Electricals FZC acquires 75% of an electrical and automation Company STI SRL in Italy.- The Company also does Solar EPC in and around Italy with and experience of over 10 years in such activities.2017- Acquired Eltech Engineers Pvt.Ltd Chennai to increase foot print of electrical equipment in the South.- Awarded order for 50MW Solar Power plant EPC by NLC India Ltd.2018- Conversion of the Company from private to public i.e. from “Marine Electricals (India) Private Limited” to “Marine Electricals (India) Limited”.- Set up Goa plant situated at Plot No N-54 & N-57 Verna Industrial Estate Phase- IV Salcete South Goa.