Is Machino Plastics a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Machino Plastics Ltd is a below average quality company .

Is Machino Plastics undervalued or overvalued?

The key valuation ratios of Machino Plastics Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Machino Plastics share price return in the past 10 years?

Machino Plastics Ltd share price has appreciated 20.6% annually (CAGR) over the past ten years.

Is Machino Plastics a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Machino Plastics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Machino Plastics Ltd - Stock Valuation and Financial Performance

Name: Machino Plastics
Brand: Machino Plastics

BSE: 523248 | NSE: | Auto Ancillary | Small Cap

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Machino Plastics Share Price

₹286.30 -5.75 -1.97%
as on 06-Sep'24 16:01

10 Year X-Ray of Machino Plastics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8%	8.8%	11.4%	5.8%	4.2%	-0.6%	1%	2.2%	6.6%	9.1%	-
Value Creation Index ⓘ	-0.4	-0.4	-0.2	-0.6	-0.7	-1.0	-0.9	-0.9	-0.5	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	196	205	259	306	303	242	210	265	331	338	343
Sales YoY Gr.	-	4.2%	26.5%	18.1%	-1%	-20.1%	-13.1%	26.2%	24.8%	2%	-
Adj EPS ⓘ	4	2.4	7.5	7.6	0.8	-7.5	-6.7	-3.9	2.9	6.1	7
YoY Gr.	-	-38.5%	206.6%	2%	-90%	-1084.2%	NA	NA	NA	110%	-
BVPS (₹) ⓘ	69.4	71.9	78.5	84	83.7	75.4	68.7	64.1	67.1	73	75.3
Adj Net Profit ⓘ	2.4	1.5	4.6	4.7	0.5	-4.6	-4.1	-2.4	1.8	3.7	4
Cash Flow from Ops. ⓘ	16.9	22.1	-8.1	34.2	28.8	28	0.3	18.7	17.1	21.1	-
Debt/CF from Ops. ⓘ	2.7	1.6	-13.8	3	4	3.2	322.2	5	5.1	4.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.2%	2.2%	17.1%	2%
Adj EPS ⓘ	4.9%	51.5%	NA	110%
BVPSⓘ	0.6%	-2.7%	2%	8.8%
Share Price	20.6%	32.2%	31.4%	73.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	4.3	2.7	8.2	7.8	0.8	-7.8	-7.7	-4.8	3.5	7.1	9.5
Op. Profit Mgn % ⓘ	9.3	9.8	10.2	9.1	8.5	7.7	7.8	6.2	6.5	7.7	8
Net Profit Mgn % ⓘ	1.2	0.7	1.8	1.5	0.2	-1.9	-2	-0.9	0.5	1.1	1.3
Debt to Equity ⓘ	1.1	0.8	2.3	2	2.2	2	2.4	2.4	2.1	2	-
Working Cap Days ⓘ	41	33	45	63	67	71	80	80	77	97	50
Cash Conv. Cycle ⓘ	26	24	32	47	50	50	62	56	43	38	-13

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.50%

Sales growth is growing at healthy rate in last 3 years 17.12%

Debt to equity has declined versus last 3 years average to 1.97

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.95%

Latest Financials - Machino Plastics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7	-
TTM Sales (₹ Cr.)	343	-
BVPS (₹.) ⓘ	75.3	-
Reserves (₹ Cr.) ⓘ	40	-
P/BV ⓘ	3.84	-
PE ⓘ	41.03	-

From the Market
52 Week Low / High (₹)	156.00 / 338.40
All Time Low / High (₹)	5.25 / 341.75
Market Cap (₹ Cr.)	177
Equity (₹ Cr.)	6.1
Face Value (₹)	10
Industry PE ⓘ	54.8

Management X-Ray of Machino Plastics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Machino Plastics

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Machino Plastics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	196	205	259	306	303	242	210	265	331	338
Operating Expenses ⓘ	178	185	233	278	277	224	194	249	310	312
Manufacturing Costs	17	18	25	30	28	23	22	24	28	32
Material Costs	133	131	158	185	179	132	114	154	194	179
Employee Cost	14	16	25	30	31	30	26	28	34	41
Other Costs ⓘ	15	19	25	33	39	39	33	43	53	60
Operating Profit ⓘ	18	20	26	28	26	18	16	16	21	26
Operating Profit Margin (%)	9.3%	9.7%	10.1%	9.1%	8.5%	7.6%	7.8%	6.2%	6.4%	7.7%
Other Income ⓘ	0	0	0	0	0	1	0	0	0	0
Interest ⓘ	5	2	4	7	7	8	7	6	6	7
Depreciation ⓘ	11	13	13	19	19	20	15	14	13	14
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	5	10	2	0	-9	-6	-3	2	5
Tax ⓘ	0	4	5	-3	0	-4	-2	-1	1	2
Profit After Tax	2	1	5	5	0	-5	-4	-2	2	4
PAT Margin (%)	1.2%	0.7%	1.8%	1.6%	0.1%	-1.9%	-2.0%	-0.9%	0.5%	1.1%
Adjusted EPS (₹)	3.8	2.3	7.8	7.8	0.7	-7.4	-6.7	-4.0	2.6	6.0
Dividend Payout Ratio (%)	27%	44%	26%	13%	151%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	58	54	58	61	61	56	52	49	51	55
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	51	48	52	55	55	50	46	43	45	48
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	30	32	103	86	98	77	88	80	76	78
Long Term Debt	12	9	60	45	42	35	35	27	15	27
Short Term Debt	18	23	43	41	56	42	53	53	61	51
Trade Payables	1	2	3	6	9	6	4	15	25	42
Others Liabilities ⓘ	28	25	33	41	40	34	28	28	25	30
Total Liabilities ⓘ	117	114	197	196	208	173	172	172	178	204
Fixed Assets
Gross Block	249	255	321	328	369	377	376	358	357	374
Accumulated Depreciation	167	178	189	207	228	246	258	252	260	274
Net Fixed Assetsⓘ	83	77	132	121	141	132	118	106	97	100
CWIP ⓘ	7	5	6	6	5	0	0	0	0	0
Investmentsⓘ	1	1	1	1	1	1	1	1	1	1
Inventories	7	6	6	8	10	9	14	20	22	34
Trade Receivables	11	13	35	44	38	25	34	37	48	49
Cash Equivalents	4	9	4	11	6	0	0	2	2	0
Others Assetsⓘ	4	3	12	5	6	5	4	6	7	19
Total Assets ⓘ	117	114	197	196	208	173	172	172	178	204

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	17	22	-8	34	29	28	0	19	17	21
PBT ⓘ	2	5	10	2	0	-9	-6	-3	2	5
Adjustment ⓘ	17	15	17	26	26	27	22	20	20	21
Changes in Working Capital ⓘ	-2	6	-33	7	3	10	-17	2	-5	-4
Tax Paid ⓘ	0	-4	-2	-1	-1	0	0	0	0	-2
Cash Flow From Investing Activity ⓘ	-1	-8	-64	-8	-39	-1	-1	-2	-4	-17
Capex	-1	-3	-69	-8	-38	-2	-1	-2	-5	-17
Net Investments	0	0	5	0	0	0	0	-1	1	0
Others ⓘ	0	-5	0	0	-1	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-12	-15	72	-19	5	-32	1	-14	-13	-6
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	3	-15	56	-8	-2	-9	-2	-7	-13	10
Interest Paid ⓘ	-6	-2	-4	-7	-6	-8	-7	-6	-6	-7
Dividend Paid ⓘ	0	-1	-1	-1	-1	-1	0	0	0	0
Others ⓘ	-10	4	20	-2	15	-15	10	-1	7	-10
Net Cash Flow ⓘ	3	0	0	7	-4	-6	0	2	0	-2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	5.54	3.2	10.3	9.63	0.79	-9.26	-9.28	-6.08	3.96	8.6
ROCE (%)	7.98	8.84	11.42	5.77	4.18	-0.56	1.01	2.17	6.59	9.11
Asset Turnover Ratio	1.84	2.08	1.95	1.62	1.5	1.27	1.22	1.54	1.89	1.77
PAT to CFO Conversion(x)	8.5	22	-1.6	6.8	N/A	N/A	N/A	N/A	8.5	5.25
Working Capital Days
Receivable Days	24	18	29	45	49	48	51	49	47	53
Inventory Days	10	9	7	8	11	15	21	23	23	31
Payable Days	10	5	6	9	15	20	16	23	38	68

Machino Plastics Ltd Stock News

Machino Plastics Ltd FAQs

What is the share price of Machino Plastics?

Company share prices are keep on changing according to the market conditions. The closing price of Machino Plastics on 06-Sep-2024 16:01 is ₹286.3.

What is the market cap of Machino Plastics?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of Machino Plastics stood at ₹177.2.

What is the P/E ratio of Machino Plastics?

The latest P/E ratio of Machino Plastics as of 06-Sep-2024 16:01 is 41.03.

What is the P/B ratio of Machino Plastics?

The latest P/B ratio of Machino Plastics as of 06-Sep-2024 16:01 is 3.84.

What is the 52-week high and low of Machino Plastics?

The 52-week high of Machino Plastics is ₹338.4 and the 52-week low is ₹156.0.

What is the TTM revenue of Machino Plastics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Machino Plastics is ₹342.7 ( Cr.) .

About Machino Plastics Ltd

Machino Plastics started as an alliance among the Machino Group, Maruti Udyog Limited and Suzuki Motor Corporation, Japan. A state-of-the-art plant was set up in 1987 within the Maruti Udyog Limited Joint Venture complex for moulding large components like bumpers, instrument panels and radiator grills for entire range of Maruti cars.

The company grew rapidly and Machino Polymers Ltd. was set up in 1995. A joint venture with Himont, Italy led to the establishment of Machino Montell India Ltd., currently known as Machino-Basell India Ltd situated in Gurgaon, India for manufacturing advanced PP compounds.

The company has an extensive customer base that includes Maruti Udyog Limited, Eicher Motors Ltd., Whirlpool India Ltd.,Suzuki Motorcycles India Pvt. Ltd,Haier Appliances (India) Pvt. Ltd. and Schefenacker Motherson Ltd.

The manufacturing plant at Gurgaon, India boasts of micro processor based Japanese injection moulding machines, a sophisticated design department and highly skilled employees.

Products and services offered by the company:

The company is engaged in manufacturing and marketing of large size injection moulded automotive components for the automotive industry. The components include bumpers, instrument panels and grills as original equipment and for spare parts market for Maruti Udyog Limited.

Foldable pallet box
Collapsible Pallets
Injection Moulded Pallets

Services offered by the company:

Machino Plastics Ltd offers its range of services in CAD/CAM/CAE, related to new product development, design engineering and manufacturing. MPL uses Catia V5 to develop the new products from its conceptualization to final finished stage.