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Machhar Industries

543934 BSE
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Machhar Industries (MACIND) share price was ₹392.00 at the 28 Oct 2026 close; market capitalisation ₹29.07 Cr; P/E (TTM) 38.24; sector Chemicals. The share price rose 24.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 73.2% year on year to ₹6.08 Cr and net profit was ₹0.29 Cr, against ₹0.11 Cr a year earlier (compared with Jun 2025). Promoters held 50.52% of Machhar Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 55/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹392.00 +68.00 +20.99% 1Y

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals
Market Cap
₹29.07 Cr
P/E (TTM)
38.24
EBITDA
₹1.14 Cr
Return on Equity
1.66%
Debt to Equity
0.25
Book Value
₹128.59
EPS (TTM)
₹10.25
52W High
₹449.40
52W Low
₹221.20

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Commodities › Chemicals › Specialty Chemicals

Pidilite Industries
₹1,370.0052.651,39,450 Cr12.881.48%22.36%28.48%15,689 Cr2,677 Cr
Gujarat Fluorochemicals
₹4,248.2077.1346,666 Cr5.970.07%7.25%10.13%5,334 Cr600 Cr
Navin Fluorine International
₹8,359.5054.2642,878 Cr10.790.18%16.70%18.66%3,734 Cr789 Cr
Aether Industries
₹1,578.8089.0520,955 Cr8.530.00%8.94%12.15%1,257 Cr235 Cr
Deepak Nitrite
₹1,483.1025.8220,228 Cr3.470.52%9.38%10.85%8,624 Cr784 Cr
Aarti Industries
₹460.2031.4316,687 Cr2.800.23%7.04%8.53%9,040 Cr531 Cr
Atul
₹5,155.0019.6615,177 Cr2.310.55%10.95%13.54%7,185 Cr788 Cr
Machhar Industries (this company)
—38.2429 Cr3.050.00%1.66%4.32%19 Cr1 Cr
Median 8 companies₹1,578.8045.4520,592 Cr4.720.21%9.16%11.50%6,260 Cr692 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

55 Good
Overall score

Data confidence 98/100

Category scores

Quality Good 62
Returns, margins, earnings quality 22% weight
Valuation Poor 31
Cheap vs sector & own history 24% weight
Growth Strong 68
Sales & profit trajectory 9% weight
Financial Health Strong 70
Solvency, leverage, coverage 9% weight
Momentum Strong 86
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 2.98 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.

Technical Indicators

Oscillators

Bullish

Bearish
0
Neutral
7
Bullish
2

Overall

Bullish

Bearish
1
Neutral
7
Bullish
11

Moving Averages

Bullish

Bearish
1
Neutral
0
Bullish
9

Growth Rate

Revenue Growth
-3.35% lower than 3Y

change over 1 year

Net Income Growth
235% higher than 3Y

change over 1 year

Cash Flow Change
190%

change over 1 year

EBITDA Margin Change
35.78%

change over 1 year Operating margin 7.89% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
—
—
—
82
75
65
-12
27
94
Figures in ₹ Crores

Ratios

Particulars Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Machhar Industries insights

59 extracted metrics + investor summaries across FY17–FY27.

Shareholding Pattern

DIIs0.48%Promot.50.52%Others13.85%Public35.15%As ofSep 2026

Documents

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 (MACIND) listed?
Machhar Industries Ltd trades 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 ₹29.07 Cr as of 28 Oct 2026, 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 38.24 as of 28 Oct 2026, on earnings per share of ₹10.25, against a book value of ₹128.59 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 ₹449.4 as of 28 Oct 2026.
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]

Website machharind.com
Listed 2023-07-07
Face Value ₹ 10
Shares Outstanding 7,41,688

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