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MARINETRANS INDIA LIMITED (MARINETRAN)

Transportation · Other Transportation · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.45 / 100
Profitability 21Balance sheet 69
Compare withADANI PORT AND SPECIAL ECONOGMR AIRPORTSNAVKAR CORPORATION

Share price

Closing priceAdjusted for splits and bonus issues.

₹12.15 latest close · −50.2% over the last 90 sessions

₹10₹15₹20₹25Dec 31Jan 29Feb 26May 26Aug 14Nov 9 ₹10₹15₹20₹25Dec 31Apr 6Nov 9

₹12.15 month-end · −19.5% over 12 months

₹15₹20₹25Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹15₹20₹25Nov '25May '26Nov '26

₹12.15 month-end · −64.6% since Dec '23

₹10₹20₹30₹40Dec '23Jul '24Feb '25Sep '25Apr '26Nov '26 ₹10₹20₹30₹40Dec '23Jun '25Nov '26

52-week range ₹10.85 to ₹34.00 · 1-year volatility 73.3%

Was the rally earned?

-20%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 60.4x to 48.6x); per-share earnings added 0 points.
  • The share count barely moved.
P/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19 ptsP/E changeShare price: −19%−19%Share priceP/E change: −19 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−19P/EShare price: −19%−19%Share price
Net profit growth0 ptsNet profit was little changed.
P/E change-19 ptsThe P/E fell from 60.4x to 48.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ADANI PORT AND SPECIAL ECONO

How rough has the ride been?

Maximum drawdown-76.0%not yet recovered
1-year volatility73.3%annualised

Drawdown from peak

0%−25%−50%−75%202420252026−76.0% 0%−25%−50%−75%20252026−76.0%
Largest drawdowns

-76.0% (2024-01 peak to 2026-11 low, not yet recovered)

-21.1% (2023-12 peak to 2024-01 low, recovered 2024-01)

Is it expensive against its own past and its peers?

48.6xP/E todayWithin its usual range
Against its own history22nd percentile
CheapestMedian 64.4xDearest

Usual range 19.1x to 99.1x since 2023-12.

Against Transportation48.6x vs 15.9x
This company
48.6x
Sector median
15.9x

205% above the Transportation median.

15.9x48.1x80.2x112.4xDec '23Jul '24Feb '25Sep '25Apr '26Nov '2615.9x48.1x80.2x112.4xDec '23Dec '24Dec '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianTransportation median

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P/B (this company)10th to 90th percentile of its own historyIts medianTransportation median

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P/S (this company)10th to 90th percentile of its own historyIts medianTransportation median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Transportation is valued

Where does it rank among Transportation peers?

Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE21st▲ 4 pts vs a year ago
  • Revenue growth18th▼ 11 pts vs a year ago
  • EPS growth44th▼ 4 pts vs a year ago
  • Debt/equity ↓65thflat vs a year ago
  • Cash cycle ↓40th▲ 11 pts vs a year ago
  • P/E ↓20th▲ 6 pts vs a year ago
  • 12M momentum30th▼ 9 pts vs a year ago

Rank history

ROCE
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Transportation sector page Watch it move against Transportation in the Observatory

What is the price implying?

~12%annual earnings growth implied by the price

At a P/E of 15.6x, the price would imply about 12.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Transportation The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹12.15
P/E
48.6x
ROCE
6.0%
Market Cap
₹16 cr
Revenue (TTM)
₹106 cr
P/S
0.1x
P/B
0.6x
ROE
1.2%
Debt / Equity
0.3x
Promoter Holding
67.1%
12M Momentum
-19.5%

52-week range

₹10.85₹34.00
6% of the way from its 52-week low to its high

Price risk

1Y volatility
73.3%
Beta vs sector
1-year daily
0.23

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.0x
Cash from profit, 3Y
operating cash flow ÷ net profit
-2.00x
low
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 4checks within range2 beyond a threshold
Other income reliance0%Within range

Other income as a share of pre-tax profit (trailing twelve months): 0.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion-2.50xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -2.50x (cash from operations ₹-10 cr, net profit ₹4 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (85 vs 85). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

What happened next to similar setups

+32.0%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like MARINETRANS INDIA LIMITED today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −11% to +87% vs the market, against +1% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +31.1%, 80% range +12.9% to +47.9%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SADBHAV · Jan 2025: −66.5% vs market
SHRENIK · Apr 2022: −53.4% vs market
UNIINFO · May 2025: −42.6% vs market
LAXMICOT · Feb 2025: −42.1% vs market
SADBHIN · Jul 2025: −38.7% vs market
LIBAS · Dec 2021: −37.3% vs market
BLBLIMITED · Jul 2023: −35.0% vs market
NECLIFE · Mar 2022: −30.2% vs market
BAFNAPH · Sep 2023: −29.9% vs market
NIDAN · Apr 2025: −29.5% vs market
MADHAV · Feb 2024: −21.6% vs market
NGIL · Aug 2024: −14.0% vs market
MCLEODRUSS · May 2023: −12.8% vs market
S&SPOWER · Mar 2021: −5.4% vs market
FLEXITUFF · Apr 2024: −2.7% vs market
SICAGEN · Jun 2020: −2.7% vs market
ORIENTLTD · Mar 2024: −0.7% vs market
SUPERSPIN · Mar 2020: +7.3% vs market
VARDMNPOLY · Jun 2021: +7.9% vs market
KANANIIND · Oct 2021: +10.1% vs market
BIL · May 2022: +14.4% vs market
JETFREIGHT · Dec 2023: +19.4% vs market
TOTAL · Jun 2021: +19.7% vs market
FIDEL · Apr 2024: +20.5% vs market
SUPREMEINF · Feb 2022: +31.5% vs market
GILLANDERS · Feb 2021: +32.6% vs market
DGCONTENT · Jul 2023: +39.6% vs market
VGL · Aug 2021: +44.3% vs market
MADHUCON · Jun 2020: +46.4% vs market
WILLAMAGOR · Apr 2023: +51.4% vs market
ZENITHEXPO · Jun 2020: +55.3% vs market
ANIKINDS · May 2021: +56.5% vs market
MAWANASUG · Dec 2020: +71.8% vs market
OMAXAUTO · Mar 2023: +74.4% vs market
BEARDSELL · Sep 2021: +77.6% vs market
ONEPOINT · Aug 2020: +81.2% vs market
A2ZINFRA · Feb 2021: +85.5% vs market
THOMASCOTT · Jun 2020: +86.9% vs market
MANAKCOAT · Jan 2020: +87.6% vs market
PRECOT · Jan 2020: +130.2% vs market
RAMASTEEL · Jun 2020: +137.9% vs market
BAGFILMS · Apr 2021: +139.5% vs market
NDL · Jul 2020: +145.6% vs market
ASHIMASYN · Jul 2020: +149.6% vs market
MOHITIND · Jul 2020: +151.9% vs market
SOMATEX · Dec 2020: +181.2% vs market
FOCUS · Jun 2021: +191.7% vs market
PRAKASHSTL · Feb 2020: +193.8% vs market
SUMIT · Nov 2021: +197.1% vs market
CCCL · Aug 2021: +226.6% vs market
Similar setups +32.0%All companies +0.9%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 11 beyond the range shown, drawn at the edge

Similar setups' median
+32.0%
All companies' median
+0.9%
Beat the market
66% vs 51%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
FIDEL
Technology Services		 Apr 2024 —5% +37%−25% +21%
BLBLIMITED
Finance		 Jul 2023 —0% +14%−49% −35%
CCCL
Industrial Services		 Aug 2021 —-3% +25%−64% +227%
SUPREMEINF
Industrial Services		 Feb 2022 —-3% +18%−49% +32%
TOTAL
Transportation		 Jun 2021 —3% +97%−35% +20%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SADBHAV
Industrial Services		 Jan 2025 —2% −18%−54% −67%
MOHITIND
Process Industries		 Jul 2020 —8% −38%−53% +152%
KANANIIND
Consumer Durables		 Oct 2021 193x1% +114%−46% +10%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: revenue growth, ROCE and interest cover. Not used (unavailable for this company): operating margin. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to MARINETRANS INDIA LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

6 events since Jun '24

  1. NovPriceFell 76% from the Jan 2024 peak to the Nov 2026 low.
  2. SepPeer rankSlipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
  3. DecPeer rankMoved into the 2nd quartile of Transportation on EPS growth (from the 3rd quartile).
  4. JunPeer rankSlipped to the bottom quartile of Transportation on ROCE (from the 3rd quartile).
  5. DecSharesShare count is up 44.4% over 12 months.
  6. JunPeer rankSlipped to the 3rd quartile of Transportation on ROCE (from the 2nd quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history36 months · 2023-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1148.6x₹106 cr1.2%6.0%0.3x
2026-1045.4x₹106 cr1.2%6.0%0.3x
2026-0958.0x₹106 cr1.2%6.0%0.3x
2026-0864.4x₹106 cr1.2%6.0%0.3x
2026-0756.4x₹106 cr1.2%6.0%0.3x
2026-0654.0x₹106 cr1.2%6.0%0.3x
2026-0563.6x₹106 cr1.2%6.0%0.3x
2026-0470.6x₹106 cr1.2%6.0%0.3x
2026-0364.8x₹106 cr1.2%6.0%0.3x
2026-0277.2x₹106 cr1.2%6.0%0.3x
2026-0162.6x₹106 cr1.2%6.0%0.3x
2025-1297.6x₹106 cr1.2%6.0%0.3x
2025-1160.4x₹106 cr1.2%6.0%0.3x
2025-1061.6x₹106 cr1.2%6.0%0.3x
2025-0964.8x₹106 cr1.2%6.0%0.3x
2025-0864.0x₹106 cr1.2%6.0%0.3x
2025-0764.4x₹106 cr1.2%6.0%0.3x
2025-0667.8x₹106 cr1.2%6.0%0.3x
2025-0569.6x₹106 cr1.2%6.0%0.3x
2025-0469.6x₹106 cr1.2%6.0%0.3x
2025-0362.8x₹106 cr1.2%6.0%0.3x
2025-0282.0x₹106 cr1.2%6.0%0.3x
2025-0195.8x₹106 cr1.2%6.0%0.3x
2024-1296.0x₹106 cr1.2%6.0%0.3x
2024-1184.2x₹106 cr1.2%6.0%0.3x
2024-1091.6x₹106 cr1.2%6.0%0.3x
2024-09103.6x₹106 cr1.2%6.0%0.3x
2024-08100.6x₹106 cr1.2%6.0%0.3x
2024-07106.0x₹106 cr1.2%6.0%0.3x
2024-06112.4x₹106 cr1.2%6.0%0.3x
2024-0516.6x₹150 cr9.3%13.0%0.4x
2024-0418.9x₹150 cr9.3%13.0%0.4x
2024-0318.4x₹150 cr9.3%13.0%0.4x
2024-0218.2x₹150 cr9.3%13.0%0.4x
2024-0121.4x₹150 cr9.3%13.0%0.4x
2023-1219.2x₹150 cr9.3%13.0%0.4x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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