Machhar Industries
MACINDLTD NSE
Machhar Industries
ChemicalsNSE: MACINDLTD BSE: 543934 Specialty Chemicals
Key Fundamentals
MicrocapSpecialty ChemicalsChemicalsMarket Cap
₹32.40 Cr
Volatility
High Risk
P/E Ratio
42.8
EBITDA
₹1.14 Cr
Return on Equity
1.66%
Debt to Equity
0.25
Book Value
₹130.8
EPS
₹6.2
52W High
₹444.4
52W Low
₹221.2
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
4- Stock is trading at 3.24 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.56% over past five years.
- Company has a low return on equity of 4.00% over last 3 years.
Growth Rate
Revenue Growth
-3.35% lower than
3Y
Net Income Growth
235% higher than
3Y
Cash Flow Change
190% lower than
3Y
ROE
-75.41% lower than
3Y
ROCE
-55.14% lower than
3Y
EBITDA Margin (Avg.)
35.78% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.91 | 4.01 | 3.84 | 5.17 | 4.69 | 3.62 | 3.36 | 4.01 | 3.51 | 3.56 | 4.07 | 4.43 | 6.08 |
| Expenses | 3.73 | 3.79 | 3.69 | 4.63 | 4.38 | 3.62 | 3.43 | 3.76 | 3.29 | 3.37 | 3.65 | 4.12 | 5.6 |
| Operating Profit | 0.18 | 0.22 | 0.15 | 0.54 | 0.31 | 0 | -0.07 | 0.25 | 0.22 | 0.19 | 0.42 | 0.31 | 0.48 |
| OPM % | 4.6% | 5.49% | 3.91% | 10.44% | 6.61% | 0% | -2.08% | 6.23% | 6.27% | 5.34% | 10.32% | 7% | 7.89% |
| Other Income | 0.05 | 0.05 | 0.06 | 0.22 | 0.05 | 0.21 | 0.04 | 0.09 | 0.04 | 0.08 | 0.04 | 0.09 | 0.05 |
| Interest | 0.05 | 0.04 | 0.05 | 0.05 | 0.07 | 0.05 | 0.07 | 0.08 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Depreciation | 0.11 | 0.11 | 0.11 | 0.17 | 0.13 | 0.13 | 0.13 | 0.05 | 0.11 | 0.11 | 0.09 | 0.09 | 0.1 |
| PBT | 0.07 | 0.12 | 0.05 | 0.54 | 0.16 | 0.03 | -0.23 | 0.21 | 0.11 | 0.12 | 0.33 | 0.27 | 0.39 |
| Tax % | 28.57% | 25% | 40% | 22.22% | 18.75% | 66.67% | -65.22% | 66.67% | 0% | 91.67% | 12.12% | 37.04% | 28.21% |
| Net Profit | 0.05 | 0.09 | 0.03 | 0.42 | 0.14 | 0.02 | -0.08 | 0.08 | 0.11 | 0.02 | 0.29 | 0.16 | 0.29 |
| EPS in Rs | 0.67 | 1.21 | 0.4 | 5.67 | 1.89 | 0.27 | -1.08 | 1.08 | 1.48 | 0.27 | 3.91 | 2.16 | 3.91 |
Profit & Loss
| Particulars | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.36 | 19.37 | 18.39 | 14.4 | 16.15 | 17.15 | 16.93 | 15.68 | 15.56 | 18.14 |
| Expenses | 13.07 | 17.84 | 17.57 | 13 | 15.36 | 16.37 | 15.83 | 15.2 | 14.43 | 16.74 |
| Operating Profit | 1.29 | 1.53 | 0.82 | 1.4 | 0.79 | 0.78 | 1.1 | 0.48 | 1.13 | 1.4 |
| OPM % | 8.98% | 7.9% | 4.46% | 9.72% | 4.89% | 4.55% | 6.5% | 3.06% | 7.26% | 7.72% |
| Other Income | 0.32 | 0.49 | 0.31 | 0.27 | 1.01 | 0.26 | 0.38 | 0.39 | 0.26 | 0.26 |
| Interest | 0.15 | 0.17 | 0.18 | 0.17 | 0.07 | 0.22 | 0.2 | 0.26 | 0.16 | 0.16 |
| Depreciation | 0.45 | 0.53 | 0.64 | 0.52 | 0.47 | 0.37 | 0.46 | 0.42 | 0.39 | 0.39 |
| PBT | 1.01 | 1.32 | 0.31 | 0.98 | 1.26 | 0.45 | 0.82 | 0.19 | 0.84 | 1.11 |
| Tax % | 31.68% | 32.58% | -83.87% | -146.94% | 29.37% | 20% | 21.95% | 15.79% | 30.95% | — |
| Net Profit | 0.7 | 0.89 | 0.57 | 2.42 | 0.89 | 0.36 | 0.64 | 0.15 | 0.59 | 0.76 |
| EPS in Rs | 9.45 | 12.01 | 7.69 | 32.66 | 12.01 | 4.86 | 8.64 | 2.02 | 7.96 | 10.25 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 |
| Reserves | 1.94 | 2.83 | 10.78 | 9.78 | 10.21 | 10.68 | 8.48 | 8.44 | 8.98 |
| Borrowings | 3.2 | 2.15 | 2.52 | 1.43 | 0.14 | 1.76 | 1.14 | 2.37 | 2.45 |
| Other Liabilities | 4.33 | 5.39 | 5.59 | 2.93 | 2.77 | 1.91 | 1.58 | 1.33 | 1.53 |
| Total Liabilities | 10.21 | 11.11 | 19.63 | 14.88 | 13.86 | 15.09 | 11.94 | 12.88 | 13.7 |
| Fixed Assets | 3.61 | 3.64 | 12.23 | 7.85 | 6.28 | 8.07 | 5 | 4.76 | 4.8 |
| CWIP | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 | 0 |
| Investments | 0.08 | 0.2 | 0.43 | 0.77 | 0.43 | 0.57 | 0.65 | 1.54 | 1.74 |
| Other Assets | 6.52 | 7.27 | 6.97 | 6.26 | 7.08 | 6.45 | 6.29 | 6.58 | 7.16 |
| Total Assets | 10.21 | 11.11 | 19.63 | 14.88 | 13.86 | 15.09 | 11.94 | 12.88 | 13.7 |
Cash Flow
| Particulars | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | — | 0.98 | 0.4 | 0.07 | -0.17 | 0.19 | 1 |
| Investing | — | — | — | -0.08 | 1.38 | -1.85 | 0.01 | -0.97 | -0.18 |
| Financing | — | — | — | -1.16 | -1.37 | 1.54 | -0.82 | 0.98 | -0.08 |
| Net Cash Flow | — | — | — | -0.27 | 0.41 | -0.25 | -0.98 | 0.21 | 0.74 |
| Free Cash Flow | — | — | — | 1 | 1.01 | -2.02 | -0.49 | 0.03 | 0.58 |
| CFO/OP | — | — | — | 82 | 75 | 65 | -12 | 27 | 94 |
Ratios
| Particulars | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46.01 | 41.46 | 29.57 | 31.43 | 39.55 | 17.88 | 37.3 | 36.78 | 38 |
| Inventory Days | — | — | — | — | — | — | 82.95 | 136 | 155 |
| Days Payable | — | — | — | — | — | — | 141 | 80.81 | 88.1 |
| Cash Conversion Cycle | 46.01 | 41.46 | 29.57 | 31.43 | 39.55 | 17.88 | -20.77 | 92 | 105 |
| Working Capital Days | -36.09 | -39.38 | -55.38 | -37.77 | 7.01 | 7.24 | 38.38 | 12.1 | 40.35 |
| ROCE % | — | 25.52% | — | 8.85% | 6.08% | 5.52% | 7.31% | 3.83% | 8.43% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Machhar Industries insights
58 extracted metrics + investor summaries across FY17–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
5 May - Machhar Industries confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.83 crore as of 31 March 2026. 5 May - Machhar Industries confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.83 crore as of 31 March 2026.
2
Board Meeting Intimation for Submission Of Information Under Clause 29 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
21 Apr - Board meets 23 May 2026 to approve FY2025-26 audited quarterly and yearly results. 21 Apr - Board meets 23 May 2026 to approve FY2025-26 audited quarterly and yearly results.
3
Board Meeting Intimation for Submission Of Information Under Clause 29 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
9h - Board meets 23 May 2026 to approve FY2025-26 audited quarterly and yearly results. 9h - Board meets 23 May 2026 to approve FY2025-26 audited quarterly and yearly results.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Of Compliance Certificate pursuant to Regulation 74 (5) of SEBI (DP) Regulations 2018 received from RTA agent for the Quarter ended as on 31st March, … 7 Apr - Of Compliance Certificate pursuant to Regulation 74 (5) of SEBI (DP) Regulations 2018 received from RTA agent for the Quarter ended as on 31st March, …
5
Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON 3ST MARCH, 2026
31 Mar - Board reappointed Mr Vyankat W. Katkar as Whole-Time Director from 1 Apr 2026 to 30 Sep 2027; shareholder approval pending. 31 Mar - Board reappointed Mr Vyankat W. Katkar as Whole-Time Director from 1 Apr 2026 to 30 Sep 2027; shareholder approval pending.
Frequently Asked Questions about Machhar Industries
What does Machhar Industries Ltd do?
Incorporated in 2008, Machhar Industries Ltd is in the business of conversion of Ammonium Nitrate Melt into Solid form on a Job work basis, and production of Diesel Exhaust Fluid (DEF)[1]
Where is Machhar Industries Ltd (543934) listed?
Machhar Industries Ltd trades as MACINDLTD on the NSE and under code 543934 on the BSE.
Which sector does Machhar Industries Ltd belong to?
Machhar Industries Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the market capitalisation of Machhar Industries Ltd?
Machhar Industries Ltd has a market capitalisation of ₹32.4 Cr, which places it in the Small Cap band.
What is the PE ratio of Machhar Industries Ltd?
Machhar Industries Ltd trades at a PE ratio of 42.80, on earnings per share of ₹6.2, against a book value of ₹130.8 per share.
What is the 52-week high and low of Machhar Industries Ltd?
Over the last 52 weeks Machhar Industries Ltd has traded between ₹221.2 and ₹444.4.
What is the Return on Equity (ROE) of Machhar Industries Ltd?
Machhar Industries Ltd reported a return on equity of 1.66%. Its debt-to-equity ratio is 0.25.
Company Information
Incorporated in 2008, Machhar Industries Ltd is in the business of conversion of Ammonium Nitrate Melt into Solid form on a Job work basis, and production of Diesel Exhaust Fluid (DEF)[1]
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