Machhar Industries Ltd - Stock Valuation and Financial Performance

BSE: 543934 | NSE: | Chemicals | Small Cap

Machhar Industries Share Price

357.35 -7.25 -1.99%
as on 20-Dec'24 16:59

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Machhar Industries stock performance -

mw4me loader
P/E Ratio (SA):
43.47
Market Cap:
26.5 Cr.
52-wk low:
94.9
52-wk high:
515.8

Is Machhar Industries Ltd an attractive stock to invest in?

1. Is Machhar Industries Ltd a good quality company?

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

2. Is Machhar Industries Ltd undervalued or overvalued?

The key valuation ratios of Machhar Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Machhar Industries Ltd a good buy now?

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

10 Year X-Ray of Machhar Industries:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Machhar Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.7%3.6%9.6%11.6%5.6%7.4%-
Value Creation
Index
-0.6-0.7-0.3-0.2-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18.718.414.416.217.216.917
Sales YoY Gr.--1.5%-21.7%12.2%6.2%-1.3%-
Adj EPS 7.17.6336.94.96.68.2
YoY Gr.-8.1%331.9%-79.1%-29.1%34.4%-
BVPS (₹) 150.5155.6142147.8154.1163.4164.6
Adj Net
Profit
0.50.62.40.50.40.51
Cash Flow from Ops. 0.10.410.40.2-0.2-
Debt/CF from Ops. 40.77.21.50.38.7-6.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA-1.9%5.5%-1.3%
Adj EPS NA-1.4%-41.6%34.4%
BVPSNA1.7%4.8%6%
Share Price - - - 276.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.7522.24.83.24.15
Op. Profit
Mgn %
6.24.59.94.84.66.55.8
Net Profit
Mgn %
2.83.1173.22.12.93.5
Debt to
Equity
0.20.20.100.20.10
Working Cap
Days
0607871677270
Cash Conv.
Cycle
0-25-27-7-21254

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.00%

Sales growth has been subdued in last 3 years 5.54%

Net Profit has been subdued in last 3 years -41.58%

Sales growth is not so good in last 4 quarters at 3.09%

Latest Financials - Machhar Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 8.2 7.8
TTM Sales (₹ Cr.) 17.3 16.9
BVPS (₹.) 164.6 164.3
Reserves (₹ Cr.) 12 11
P/BV 2.17 2.18
PE 43.47 45.82
From the Market
52 Week Low / High (₹) 94.93 / 515.75
All Time Low / High (₹) 29.00 / 515.75
Market Cap (₹ Cr.) 26.5
Equity (₹ Cr.) 0.7
Face Value (₹) 10
Industry PE 57.2

Management X-Ray of Machhar Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Machhar Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales18.6618.3914.4016.1517.1516.93
Operating Expenses 17.5117.561315.4616.3615.83
Manufacturing Costs13.2812.979.6010.9112.2510.36
Material Costs00000.311.76
Employee Cost 1.371.401.181.211.201.52
Other Costs 2.863.192.223.342.592.19
Operating Profit 1.160.831.400.690.791.10
Operating Profit Margin (%) 6.2%4.5%9.7%4.3%4.6%6.5%
Other Income 0.360.310.271.110.260.38
Interest 0.170.180.170.070.220.20
Depreciation 0.780.640.520.470.370.50
Exceptional Items 000000
Profit Before Tax 0.570.310.981.260.450.78
Tax 0.04-0.26-1.450.370.090.19
Profit After Tax 0.530.572.420.890.360.60
PAT Margin (%) 2.9%3.1%16.8%5.5%2.1%3.5%
Adjusted EPS (₹)7.27.632.712.14.98.1
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 11.1511.5210.5210.9511.4212.11
Share Capital 0.740.740.740.740.740.74
Reserves 10.4110.789.7810.2110.6811.37
Minority Interest000000
Debt1.382.341.340.101.400.77
Long Term Debt0.270.090.010.101.110.74
Short Term Debt1.122.251.3400.290.03
Trade Payables2.792.681.741.641.190.68
Others Liabilities 3.963.081.291.311.091.36
Total Liabilities 19.2919.6314.8914.0115.1014.93

Fixed Assets

Gross Block14.3414.3510.398.8611.0211.33
Accumulated Depreciation1.472.112.542.582.953.45
Net Fixed Assets12.8712.237.856.288.077.88
CWIP 0000.0700
Investments 0.640.430.770.430.570.65
Inventories0.080.020.040.080.190.40
Trade Receivables1.871.491.241.750.841.73
Cash Equivalents 3.073.673.413.813.562.59
Others Assets0.761.771.581.591.871.68
Total Assets 19.2919.6314.8914.0115.1014.93

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.050.350.980.400.20-0.17
PBT 0.570.310.981.260.450.78
Adjustment 0.480.230.880.020.230.38
Changes in Working Capital -0.11-0.03-0.71-0.7-0.04-1.3
Tax Paid -0.90-0.15-0.17-0.19-0.44-0.04
Cash Flow From Investing Activity 0.27-0.52-0.081.38-1.990.01
Capex -0.26-0.010.020.61-2.09-0.32
Net Investments -0.460.21-0.340.41-0.140.19
Others 0.99-0.730.240.360.240.14
Cash Flow From Financing Activity -0.930.78-1.16-1.371.54-0.82
Net Proceeds from Shares 000000
Net Proceeds from Borrowing -0.50-0.18-0.0800-0.37
Interest Paid -0.16-0.18-0.16-0.07-0.09-0.20
Dividend Paid 000000
Others -0.261.14-0.92-1.301.63-0.26
Net Cash Flow -0.610.61-0.270.41-0.25-0.98
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.784.9923.028.323.245.07
ROCE (%)5.693.649.5711.65.557.43
Asset Turnover Ratio0.970.940.971.121.181.13
PAT to CFO Conversion(x)0.090.610.40.450.56-0.28
Working Capital Days
Receivable Days373331342828
Inventory Days211136
Payable Days00001,663195

Machhar Industries Ltd Stock News

Machhar Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Machhar Industries on 20-Dec-2024 16:59 is ₹357.4.
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 20-Dec-2024 16:59 the market cap of Machhar Industries stood at ₹26.47.
The latest P/E ratio of Machhar Industries as of 20-Dec-2024 16:59 is 43.47.
The latest P/B ratio of Machhar Industries as of 20-Dec-2024 16:59 is 2.17.
The 52-week high of Machhar Industries is ₹515.8 and the 52-week low is ₹94.93.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Machhar Industries is ₹17.33 ( Cr.) .

About Machhar Industries Ltd

Machhar Industries Limited was established in the year 2008 following the de-merger of Anil Chemicals & Industries Limited. It is a prominent public limited company, promoted by the esteemed Machhar Group, a leading industrial house located in Aurangabad, Maharashtra. 

The company strives to deliver high-quality products that meet stringent industry standards, ensuring customer satisfaction and compliance with environmental regulations.

Business area of the company

The company operates with two distinct divisions: the chemical division and the automotive division. The chemical division is involved in the production of Ammonium Nitrate, a key raw material for explosive industry. The automotive division is involved in manufacturing and distribution of AdBlue (also known as Diesel Exhaust Fluid - DEF).

Chemical Division: The company is engaged in the manufacturing of various grades of Ammonium Nitrate, a major raw material used for manufacturing of industrial explosives. The manufacturing plant is located at GIDC industrial area, Panoli, near Ankleshwar, Gujarat. Ammonium Nitrate is also used directly as explosives substance by mixing it with fuel oil. This is the most cost effective product used by open cast mines for blasting. 

Automotive Division: With the introduction of BS-IV & BS-VI emission standards by the Govt. of India, all diesel vehicles or more are equipped with equipped with SCR technology which helps in the reduction of NOx gases from the exhaust gas. For this technology to work, AdBlue is to be added in vehicle. AdBlue, commonly known as Diesel Exhaust Fluid is a blend of de-ionised water and technical grade urea.

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