Price
Financials
Standalone, Rs crore| 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 | 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 | 3.79 | 3.69 | 4.63 | 4.38 | 3.62 | 3.43 | 3.76 | 3.29 | 3.37 | 3.65 | 4.12 | 5.60 |
| Operating Profit | 0.22 | 0.15 | 0.54 | 0.31 | 0.00 | -0.07 | 0.25 | 0.22 | 0.19 | 0.42 | 0.31 | 0.48 |
| OPM % | 5.49% | 3.91% | 10.44% | 6.61% | 0.00% | -2.08% | 6.23% | 6.27% | 5.34% | 10.32% | 7.00% | 7.89% |
| Other Income | 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 | 0.04 | 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 | 0.17 | 0.13 | 0.13 | 0.13 | 0.05 | 0.11 | 0.11 | 0.09 | 0.09 | 0.10 |
| Profit before tax | 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 % | 25.00% | 40.00% | 22.22% | 18.75% | 66.67% | -65.22% | 66.67% | 0.00% | 91.67% | 12.12% | 37.04% | 28.21% |
| Net Profit | 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 | 1.21 | 0.40 | 5.67 | 1.89 | 0.27 | -1.08 | 1.08 | 1.48 | 0.27 | 3.91 | 2.16 | 3.91 |
| 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 | 14.40 | 16.15 | 17.15 | 16.93 | 15.68 | 15.56 | 18.14 |
| Expenses | 13.07 | 17.84 | 17.57 | 13.00 | 15.36 | 16.37 | 15.83 | 15.20 | 14.43 | 16.74 |
| Operating Profit | 1.29 | 1.53 | 0.82 | 1.40 | 0.79 | 0.78 | 1.10 | 0.48 | 1.13 | 1.40 |
| OPM % | 8.98% | 7.90% | 4.46% | 9.72% | 4.89% | 4.55% | 6.50% | 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 | 0.20 | 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 |
| Profit before tax | 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% | 20.00% | 21.95% | 15.79% | 30.95% | |
| Net Profit | 0.70 | 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 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 2% | -3% | 25% | ||
| Compounded Profit Growth | % | -25% | 18% | 485% | ||
| Stock Price CAGR | % | % | 85% | 46% | ||
| Return on Equity | % | 4% | 4% | 6% |
| 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 | 3.20 | 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 | 13.70 |
| Fixed Assets | 3.61 | 3.64 | 12.23 | 7.85 | 6.28 | 8.07 | 5.00 | 4.76 | 4.80 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.08 | 0.20 | 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 | 13.70 |
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.98 | 0.40 | 0.07 | -0.17 | 0.19 | 1.00 | |||
| Cash from Investing Activity | -0.08 | 1.38 | -1.85 | 0.01 | -0.97 | -0.18 | |||
| Cash from Financing Activity | -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 | 1.00 | 1.01 | -2.02 | -0.49 | 0.03 | 0.58 | |||
| CFO/OP | 82% | 75% | 65% | -12% | 27% | 94% |
| 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 | 37.30 | 36.78 | 38.00 |
| Inventory Days | 82.95 | 136.03 | 154.81 | ||||||
| Days Payable | 141.02 | 80.81 | 88.10 | ||||||
| Cash Conversion Cycle | 46.01 | 41.46 | 29.57 | 31.43 | 39.55 | 17.88 | -20.77 | 92.00 | 104.71 |
| Working Capital Days | -36.09 | -39.38 | -55.38 | -37.77 | 7.01 | 7.24 | 38.38 | 12.10 | 40.35 |
| ROCE % | 25.52% | 8.85% | 6.08% | 5.52% | 7.31% | 3.83% | 8.43% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% |
| DIIs | 0.47% | 0.47% | 5.31% | 0.47% | 0.47% | 0.47% | 5.31% | 5.31% | 5.31% | 5.31% | 5.31% | 0.47% |
| Public | 49.00% | 49.00% | 44.16% | 49.00% | 49.00% | 49.01% | 44.16% | 44.17% | 44.16% | 44.17% | 44.16% | 49.00% |
| No. of Shareholders | 10,265 | 10,260 | 10,279 | 10,330 | 10,416 | 10,401 | 10,401 | 10,393 | 10,383 | 10,362 | 10,355 | 10,341 |
Fundamentals
Market Cap₹ 28.2 Cr.
Current Price₹ 381
Stock P/E37.1
Book Value₹ 131
ROCE8.43 %
ROE6.24 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)485%
Standalone figures.
Valuation
Market capRs 29 Cr
Enterprise valueRs 28 Cr
P/E (TTM)37.72x
Price to book3.12x
Price to sales1.58x
EV / EBITDA17.01x
EV / EBIT22.23x
EV / sales1.56x
Price to cash flow150.86x
Earnings yield2.65%
P/E, 3-year average75.74x
P/B, 3-year average1.98x
P/E, 5-year average75.74x
P/B, 5-year average1.98x
Profitability
Operating margin (excl. other income)3.06%
Operating margin (incl. other income)5.55%
EBITDA margin9.15%
Pre-tax margin6.12%
Net profit margin4.19%
Net margin, latest quarter4.77%
ROE1.63%
ROCE4.11%
ROA1.21%
ROE, 3-year average3.68%
ROCE, 3-year average6.10%
ROA, 3-year average2.81%
ROE, 5-year average8.26%
ROCE, 5-year average7.74%
ROA, 5-year average5.73%
ROIC (approx.)12.22%
Tax rate15.79%
Other income / net worth4.25%
Growth
Sales growth (latest year)-7.38%
Profit growth (latest year)-76.56%
Sales CAGR, 3 years-0.98%
Sales CAGR, 5 years-3.14%
Profit CAGR, 3 years-44.76%
Profit CAGR, 5 years-23.43%
Sales growth QoQ37.25%
Profit growth QoQ81.25%
Sales growth YoY (latest quarter)73.22%
Profit growth YoY (latest quarter)163.64%
Per share
EPS (TTM)Rs 10.26
EPS (latest year)Rs 2.02
EPS (latest quarter)Rs 3.91
EPS, 3-year averageRs 5.17
EPS, 5-year averageRs 12.04
Book value per shareRs 123.91
Sales per shareRs 244.85
Cash flow per shareRs 2.56
Free cash flow per shareRs 7.83
Efficiency
Asset turnover1.22x
Fixed asset turnover3.29x
Inventory turnover11.57x
Inventory days32 days
Debtor days37 days
Debtors turnover9.92x
Creditor days88 days
Cash conversion cycle105 days
Working capital days40 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 3 Cr
Net debtRs -0 Cr
Debt to equity0.26x
Net debt / EBITDA-0.26x
Interest coverage7.94x
Owners' fund to total sources71.27%
Debt to assets18.40%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years0.57x
Sales to cash flow82.53x
Statement figures
Net sales (TTM)Rs 18 Cr
Net sales (latest year)Rs 16 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 12 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 16 Cr
Share capitalRs 1 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 13 Cr
Net blockRs 5 Cr
InvestmentsRs 2 Cr
ReceivablesRs 2 Cr
InventoryRs 1 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.07
Ownership
Promoter holding50.52% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 37.7 is at the 35th percentile of its own 3.3-year range
(median 46.2, low 2.9, high 184.3).
P/B 3.12 is at the 92th percentile (median 2.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 543934 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.8% | -2.8% | +2.0 pts |
| 1 month | +13.5% | -6.8% | +20.3 pts |
| 3 months | -0.8% | -7.6% | +6.8 pts |
| 3 years | +542.8% | +14.2% | +528.6 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 8% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 108% while net profit fell in 2026 |
| look | Profit leans on other income Other income was 205% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹6 Cr +73.2% vs Jun 2025.
Net profit ₹0 Cr +163.6%.
Activity
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| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Machhar Industries Ltd?
Machhar Industries Ltd (543934) has a market capitalisation of Rs 28.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Machhar Industries Ltd?
Machhar Industries Ltd trades at a P/E of 37.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Machhar Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Machhar Industries Ltd sales was Rs 6 Cr (+73.2% vs Jun 2025) and net profit was Rs 0 Cr.