Marine Electricals (India) (NSE:MARINE) Inventory Turnover: 2.65 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MARINE Marine Electricals (India) Ltd NSE:MARINE
81 GF Score
Price ₹370.70
GF Value ₹199.18
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Marine Electricals (India) Inventory Turnover?

Marine Electricals (India) NSE:MARINE -0.13% 81 Inventory Turnover is 2.65 as of Mar. 2026. GuruFocus rates NSE:MARINE with a GF Score™ of 81/100 and a GF Value™ of ₹199.18 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Marine Electricals (India)'s Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,257 Mil. Marine Electricals (India)'s Average Total Inventories for the quarter that ended in Mar. 2026 was ₹852 Mil. Marine Electricals (India)'s Inventory Turnover for the quarter that ended in Mar. 2026 was 2.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marine Electricals (India)'s Days Inventory for the three months ended in Mar. 2026 was 34.43.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Marine Electricals (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.31.


Marine Electricals (India)  (NSE:MARINE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Marine Electricals (India)'s Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=851.716/2257.13*365 / 4
=34.43

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Marine Electricals (India)'s Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=851.716 / 2774.817
=0.31

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Marine Electricals (India) Inventory Turnover Related Terms


Marine Electricals (India) Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Marine Electricals (India)'s Inventory Turnover 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) Inventory Turnover Chart

Marine Electricals (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.09 5.24 6.78 7.37 8.59

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
Inventory Turnover 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 2.62 1.71 1.96 1.90 2.65
NSE:MARINE
81GF Score
Marine Electricals (India) Ltd NSE:MARINE
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marine Electricals (India) Inventory Turnover Calculation

Marine Electricals (India)'s Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=7044.617 / ((788.773 + 851.716) / 2 )
=7044.617 / 820.2445
=8.59

Marine Electricals (India)'s Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=2257.13 / ((0 + 851.716) / 1 )
=2257.13 / 851.716
=2.65

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.65 mean?
Marine Electricals (India) (NSE:MARINE) has a Inventory Turnover of 2.65 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Marine Electricals (India) and its competitors.
Is Marine Electricals (India)'s Inventory Turnover too high?
Marine Electricals (India)'s current Inventory Turnover is 2.65. Overall, Marine Electricals (India) has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marine Electricals (India)'s Inventory Turnover compare to VRT and BE?
Marine Electricals (India)'s Inventory Turnover of 2.65 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 Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Marine Electricals (India) and its competitors. Marine Electricals (India)'s current Inventory Turnover is 2.65. 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 ₹199.18, compared to a current price of ₹370.70 — trading 86.1% above its estimated fair value. The current Inventory Turnover is 2.65. Marine Electricals (India)'s overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Marine Electricals (India) (NSE:MARINE), the current Inventory Turnover is 2.65 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 ₹370.70 is trading 86.1% above its estimated GF Value™ of ₹199.18. GuruFocus considers Marine Electricals (India) to be Significantly Overvalued.

Key valuation signals for NSE:MARINE:

  • Inventory Turnover: 2.65
  • GF Value™: ₹199.18 vs. price of ₹370.70 (86.1% above fair value)
  • GF Score™: 81/100 with 7 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.
81GF Score

Get the complete analysis for NSE:MARINE

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

₹370.70
Price
₹199.18
GF Value