BSE: 0 | NSE: MASTER | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Master Components Ltd is a average quality company.
The key valuation ratios of Master Components Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Master Components Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.4% | 11.3% | 12.9% | 20.8% | 20.5% | - |
| Value Creation Index ⓘ | 0.4 | -0.2 | -0.1 | 0.5 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 15 | 13.3 | 18.2 | 20.7 | 25.3 | 25 |
| Sales YoY Gr. | - | -11.9% | 37.7% | 13.5% | 22.2% | - |
| Adj EPS ⓘ | 4 | 2.3 | 2.9 | 5.1 | 6.7 | 6.7 |
| YoY Gr. | - | -42.3% | 24.7% | 76.7% | 30.7% | - |
| BVPS (₹) ⓘ | 25 | 27.3 | 30.1 | 35.3 | 57.5 | 57.5 |
| Adj Net Profit ⓘ | 1.3 | 0.8 | 1 | 1.7 | 2.7 | 3 |
| Cash Flow from Ops. ⓘ | 2.3 | 2 | 0.8 | 2.6 | 2.1 | - |
| Debt/CF from Ops. ⓘ | 1.7 | 1.1 | 2.2 | 0.4 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 24% | 22.2% | ||||
| Adj EPS ⓘ | NA | NA | 42.3% | 30.7% | ||||
| BVPSⓘ | NA | NA | 28.2% | 62.8% | ||||
| Share Price | - | - | - | 107.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16 | 8.8 | 10 | 15.5 | 15.4 | 11.6 |
| Op. Profit Mgn % ⓘ | 19.9 | 16.6 | 12.2 | 15.3 | 16.9 | NAN |
| Net Profit Mgn % ⓘ | 8.8 | 5.8 | 5.2 | 8.1 | 10.5 | 10.6 |
| Debt to Equity ⓘ | 0.5 | 0.2 | 0.2 | 0.1 | -0 | - |
| Working Cap Days ⓘ | 0 | 172 | 141 | 142 | 130 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 104 | 89 | 85 | 70 | 0 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.7 | - |
| TTM Sales (₹ Cr.) | 25.3 | - |
| BVPS (₹.) ⓘ | 57.5 | - |
| Reserves (₹ Cr.) ⓘ | 19 | - |
| P/BV ⓘ | 5.06 | - |
| PE ⓘ | 43.48 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 116 |
| Equity (₹ Cr.) | 4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 15 | 13 | 18 | 21 | 25 |
| Operating Expenses ⓘ | 12 | 11 | 16 | 18 | 21 |
| Manufacturing Costs | 1 | 1 | 2 | 2 | 3 |
| Material Costs | 9 | 8 | 12 | 13 | 15 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 1 | 1 | 1 | 1 | 1 |
| Operating Profit ⓘ | 3 | 2 | 2 | 3 | 4 |
| Operating Profit Margin (%) | 19.8% | 16.6% | 11.8% | 15.3% | 16.9% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 1 | 1 | 2 | 4 |
| Tax ⓘ | 1 | 0 | 0 | 1 | 1 |
| Profit After Tax | 1 | 1 | 1 | 2 | 3 |
| PAT Margin (%) | 8.8% | 5.7% | 5.1% | 8.3% | 10.6% |
| Adjusted EPS (₹) | 4.0 | 2.3 | 2.8 | 5.2 | 6.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8 | 9 | 10 | 12 | 23 | |||||
| Share Capital ⓘ | 0 | 0 | 0 | 3 | 4 | |||||
| Reserves ⓘ | 8 | 9 | 10 | 8 | 19 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 3 | 1 | 1 | 1 | 0 | |||||
| Long Term Debt | 2 | 1 | 0 | 0 | 0 | |||||
| Short Term Debt | 0 | 0 | 1 | 1 | 0 | |||||
| Trade Payables | 1 | 2 | 2 | 3 | 2 | |||||
| Others Liabilities ⓘ | 3 | 2 | 2 | 1 | 2 | |||||
| Total Liabilities ⓘ | 15 | 14 | 15 | 17 | 26 | |||||
Fixed Assets | ||||||||||
| Gross Block | 13 | 14 | 14 | 15 | 19 | |||||
| Accumulated Depreciation | 5 | 6 | 7 | 7 | 8 | |||||
| Net Fixed Assetsⓘ | 8 | 8 | 7 | 7 | 10 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 1 | 1 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 2 | 2 | 3 | 3 | 2 | |||||
| Trade Receivables | 3 | 4 | 4 | 5 | 6 | |||||
| Cash Equivalents | 1 | 0 | 0 | 0 | 6 | |||||
| Others Assetsⓘ | 1 | 0 | 0 | 1 | 2 | |||||
| Total Assets ⓘ | 15 | 14 | 15 | 17 | 26 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 2 | 1 | 3 | 2 |
| PBT ⓘ | 2 | 1 | 1 | 2 | 4 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | -1 | 0 | -1 | -1 | -2 |
| Tax Paid ⓘ | -1 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | 0 | -2 | -4 |
| Capex | 0 | -1 | 0 | -1 | -4 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -1 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | -2 | -1 | -1 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 9 |
| Net Proceeds from Borrowing ⓘ | -1 | -1 | -1 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -1 | -1 |
| Net Cash Flow ⓘ | 0 | -1 | 0 | 0 | 6 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.03 | 8.82 | 9.89 | 15.84 | 15.44 | |||||
| ROCE (%) | 19.42 | 11.3 | 12.94 | 20.83 | 20.45 | |||||
| Asset Turnover Ratio | 1.03 | 0.92 | 1.26 | 1.32 | 1.18 | |||||
| PAT to CFO Conversion(x) | 2 | 2 | 1 | 1.5 | 0.67 | Working Capital Days | ||||
| Receivable Days | 84 | 103 | 82 | 76 | 73 | |||||
| Inventory Days | 42 | 51 | 51 | 52 | 35 | |||||
| Payable Days | 49 | 71 | 61 | 64 | 52 | |||||
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
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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