Marine Electricals (India) (NSE:MARINE) Construction In Progress: ₹135 Mil (As of Mar. 2026)

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NSE:MARINE Marine Electricals (India) Ltd NSE:MARINE
86 GF Score
Price ₹300.60
GF Value ₹199.17
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Marine Electricals (India) Construction In Progress?

Marine Electricals (India) NSE:MARINE +4.47% 86 Construction In Progress is ₹135 Mil as of Mar. 2026. GuruFocus rates NSE:MARINE with a GF Score™ of 86/100 and a GF Value™ of ₹199.17 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Marine Electricals (India)'s quarterly construction in progress declined from Sep. 2025 (₹125 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹135 Mil).

Marine Electricals (India)'s annual construction in progress declined from Mar. 2024 (₹171 Mil) to Mar. 2025 (₹66 Mil) but then increased from Mar. 2025 (₹66 Mil) to Mar. 2026 (₹135 Mil).

Marine Electricals (India) Construction In Progress Historical Data

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The historical data trend for Marine Electricals (India)'s Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marine Electricals (India) Construction In Progress Chart

Marine Electricals (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.88 0.00 171.24 66.34 134.97

Marine Electricals (India) Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.34 0.00 124.67 0.00 134.97
NSE:MARINE
86GF Score
Marine Electricals (India) Ltd NSE:MARINE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Marine Electricals (India) Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹135 Mil mean?
Marine Electricals (India) (NSE:MARINE) has a Construction In Progress of ₹135 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Marine Electricals (India) and its competitors.
Is Marine Electricals (India)'s Construction In Progress too high?
Marine Electricals (India)'s current Construction In Progress is ₹135 Mil. Overall, Marine Electricals (India) has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marine Electricals (India)'s Construction In Progress compare to VRT and BE?
Marine Electricals (India)'s Construction In Progress of ₹135 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Marine Electricals (India) and its competitors. Marine Electricals (India)'s current Construction In Progress is ₹135 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marine Electricals (India) stock overvalued right now?
Based on GuruFocus' analysis, Marine Electricals (India) (NSE:MARINE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹199.17, compared to a current price of ₹300.60 — trading 50.9% above its estimated fair value. The current Construction In Progress is ₹135 Mil. Marine Electricals (India)'s overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Marine Electricals (India) (NSE:MARINE), the current Construction In Progress is ₹135 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marine Electricals (India) (NSE:MARINE) Overvalued in 2026?

Based on GuruFocus' analysis, Marine Electricals (India) stock appears to be overvalued. The current stock price of ₹300.60 is trading 50.9% above its estimated GF Value™ of ₹199.17. GuruFocus considers Marine Electricals (India) to be Significantly Overvalued.

Key valuation signals for NSE:MARINE:

  • Construction In Progress: ₹135 Mil
  • GF Value™: ₹199.17 vs. price of ₹300.60 (50.9% above fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the NSE:MARINE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marine Electricals (India) Business Description

Address Marol Industrial Area, B/1, Udyog Sadan No. 3, MIDC, Andheri (East), Mumbai, MH, IND, 400093
Marine Electricals (India) Ltd is engaged in providing integrated electrical and automation solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears, marine motors, control-gears, monitoring and control systems, etc., and is also engaged in the renewable energy sector, specifically solar. The company also provides services like designing, fabricating, etc., for all types of electrical and electronic installations and undertakes annual maintenance contracts. Its segments are: Marine and Industry. The Industry segment, which generates maximum revenue, provides products and services of power distribution and solutions for industries like data centres, industrial, and large buildings.
86GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹300.60
Price
₹199.17
GF Value