Master Components Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MASTER | Plastic Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Master Components

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Master Components stock performance -

P/E Ratio (SA):
46.33
Market Cap:
124 Cr.
52-wk low:
0
52-wk high:
0

Is Master Components Ltd an attractive stock to invest in?

1. Is Master Components Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Master Components Ltd is a average quality company.

2. Is Master Components Ltd undervalued or overvalued?

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

3. Is Master Components Ltd a good buy now?

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

10 Year X-Ray of Master Components:

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.
Master Components Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.4%11.3%12.9%20.8%20.5%-
Value Creation
Index
0.4-0.2-0.10.50.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1513.318.220.725.325
Sales YoY Gr.--11.9%37.7%13.5%22.2%-
Adj EPS 42.32.95.16.76.7
YoY Gr.--42.3%24.7%76.7%30.7%-
BVPS (₹) 2527.330.135.357.557.5
Adj Net
Profit
1.30.811.72.73
Cash Flow from Ops. 2.320.82.62.1-
Debt/CF from Ops. 1.71.12.20.4-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA24%22.2%
Adj EPS NANA42.3%30.7%
BVPSNANA28.2%62.8%
Share Price - - - 120.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
168.81015.515.411.6
Op. Profit
Mgn %
19.916.612.215.316.9NAN
Net Profit
Mgn %
8.85.85.28.110.510.6
Debt to
Equity
0.50.20.20.1-0-
Working Cap
Days
01721411421300
Cash Conv.
Cycle
01048985700

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.04%

Net Profit is growing at healthy rate in last 3 years 42.26%

Return on Equity has declined versus last 3 years average to 11.60%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Master Components Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 -
TTM Sales (₹ Cr.) 25.3 -
BVPS (₹.) 57.5 -
Reserves (₹ Cr.) 19 -
P/BV 5.39 -
PE 46.33 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 124
Equity (₹ Cr.) 4
Face Value (₹) 10
Industry PE 41.4

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 0 N/A0 N/A0 N/A0 N/A
Adj EPS (₹) 0 N/A0 N/A0 N/A0 N/A
Op. Profit Mgn % N/A N/AN/A N/AN/A N/AN/A N/A
Net Profit Mgn % N/A N/AN/A N/AN/A N/AN/A N/A

Management X-Ray of Master Components:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:72.45%Institutions:0%Non-Institutions:27.55%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep23Mar24Sep240%20%40%60%80%
Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Master Components

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Key Ratios of Master Components

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Finolex Inds 239.8 1 (0.4%) Small Cap 4,317 13 9.6 18.4 2.2
EPL 264.2 -1 (-0.4%) Small Cap 3,916 8.1 6.3 32.6 3.8
Jain Irrigation Sys 67.5 -1.5 (-2.2%) Small Cap 3,821 0.2 1.3 362.8 1
Nilkamal 1,916.6 10 (0.5%) Small Cap 3,196 77.5 3.7 24.6 2
Time Technoplast 472 4.6 (1%) Small Cap 2,633 8.2 5.8 57.1 5.9
Prince Pipes & Fitti 405.8 -1.7 (-0.4%) Small Cap 2,569 11.9 6.6 34.2 2.9
Huhtamaki India 276.9 -5.2 (-1.8%) Small Cap 2,549 53.5 5.8 5.3 1.8
Ddev Plastiks Ind. 275 -6.9 (-2.5%) Small Cap 2,431 18.2 7 15.5 4
Cosmo First 885.7 -67.7 (-7.1%) Small Cap 2,391 21.1 1.1 45.2 2.1
Garware Hi-Tech 5,024.6 26.7 (0.5%) Small Cap 1,582 132.8 10.5 37.6 5.4
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Sales1513182125
Operating Expenses 1211161821
Manufacturing Costs11223
Material Costs98121315
Employee Cost 11111
Other Costs 11111
Operating Profit 32234
Operating Profit Margin (%) 19.8%16.6%11.8%15.3%16.9%
Other Income 00000
Interest 00000
Depreciation 11111
Exceptional Items 00000
Profit Before Tax 21124
Tax 10011
Profit After Tax 11123
PAT Margin (%) 8.8%5.7%5.1%8.3%10.6%
Adjusted EPS (₹)4.02.32.85.26.7
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 89101223
Share Capital 00034
Reserves 8910819
Minority Interest00000
Debt31110
Long Term Debt21000
Short Term Debt00110
Trade Payables12232
Others Liabilities 32212
Total Liabilities 1514151726

Fixed Assets

Gross Block1314141519
Accumulated Depreciation56778
Net Fixed Assets887710
CWIP 00011
Investments 00000
Inventories22332
Trade Receivables34456
Cash Equivalents 10006
Others Assets10012
Total Assets 1514151726

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 22132
PBT 21124
Adjustment 11111
Changes in Working Capital -10-1-1-2
Tax Paid -10000
Cash Flow From Investing Activity 0-10-2-4
Capex 0-10-1-4
Net Investments 00000
Others 000-10
Cash Flow From Financing Activity -2-2-1-18
Net Proceeds from Shares 00009
Net Proceeds from Borrowing -1-1-100
Interest Paid 00000
Dividend Paid 00000
Others 000-1-1
Net Cash Flow 0-1006
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.038.829.8915.8415.44
ROCE (%)19.4211.312.9420.8320.45
Asset Turnover Ratio1.030.921.261.321.18
PAT to CFO Conversion(x)2211.50.67
Working Capital Days
Receivable Days84103827673
Inventory Days4251515235
Payable Days4971616452

Master Components Ltd Stock News

Master Components Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Master Components on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Master Components stood at ₹124.0.
The latest P/E ratio of Master Components as of 01-Jan-1970 05:30 is 46.33.
The latest P/B ratio of Master Components as of 01-Jan-1970 05:30 is 5.39.
The 52-week high of Master Components is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Master Components is ₹25.29 ( Cr.) .

About Master Components Ltd

Master Components was incorporated as Master Components Private Limited on December 27, 1999 under the Companies Act, 1956 with the Registrar of Companies, Mumbai. The status of the company was changed to public limited and the name of the company was changed to Master Components Limited vide Special Resolution dated December 26, 2022. The fresh certificate of incorporation consequent to conversion was issued on January 04, 2023 by the Registrar of Companies, Mumbai.

The company is engaged in manufacturing plastic engineering components and subassemblies. Its product is an industrial capital goods and it undergoes stringent quality tests to meet industry standards before they are delivered to its clients. It considers that the proximity of its Nashik facility to Mumbai- Pune Highway, and ability to produce a comprehensive range of plastic components provides it significant competitive advantages. Due to its ability to produce multiple kinds of moulded products at a single location, it is able to cater to various sector MNC’s and its smaller business associates who generally require components of different size and shapes. It endeavors to promptly address any concerns of its business associates through significant senior management engagement. Its manufacturing facility is equipped with the new technology machinery which is situated at Nashik, Maharashtra. It is an International Automotive Task Force (IATF) and also ISO 9001:2015 certified for Quality Management.

Business area of the company

The company is engaged in manufacturing plastic engineering components and subassemblies

Products of the company 

  • Electrical components
  • Automotive components
  • Medical components

History and milestones 

  • 1999: Incorporation of the company Master Components Private Limited.
  • 2010: Award of Excellence from Lear Automotive India Private Limited for the year 2009.
  • 2015: Turnover of the company crossed Rs 10 crore.
  • 2020: Turnover of the company crossed Rs 15 crore.
  • 2021: Certificate of Appreciation from Government of India (Ministry of Finance) for contribution in building strong and resilient nation.
  • 2022: Company converted from Private Limited Company to Public Limited Company vide special resolution passed at General Meeting dated December 26, 2022.
  • 2023: Turnover of the company crossed Rs 20 crore.

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