Price
Financials
Standalone, Rs crore| Sep 2022 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 10.04 | 11.49 | 13.80 | 17.73 | 24.67 | 36.77 | 37.61 |
| Expenses | 8.39 | 9.58 | 11.43 | 14.76 | 21.13 | 31.45 | 30.64 |
| Operating Profit | 1.65 | 1.91 | 2.37 | 2.97 | 3.54 | 5.32 | 6.97 |
| OPM % | 16.43% | 16.62% | 17.17% | 16.75% | 14.35% | 14.47% | 18.53% |
| Other Income | 0.06 | 0.02 | 0.27 | 0.36 | 3.24 | 0.14 | 0.15 |
| Interest | 0.07 | 0.05 | 0.02 | 0.04 | 0.16 | 0.27 | 0.55 |
| Depreciation | 0.41 | 0.52 | 0.43 | 1.05 | 0.18 | 0.85 | 0.94 |
| Profit before tax | 1.23 | 1.36 | 2.19 | 2.24 | 6.44 | 4.34 | 5.63 |
| Tax % | 30.08% | 27.21% | 23.29% | 25.00% | 25.31% | 25.35% | 25.40% |
| Net Profit | 0.85 | 1.00 | 1.67 | 1.67 | 4.82 | 3.24 | 4.20 |
| EPS in Rs | 28.33 | 2.50 | 4.18 | 4.18 | 12.05 | 8.10 | 10.50 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 15.02 | 13.22 | 18.22 | 20.69 | 25.24 | 42.37 | 74.27 |
| Expenses | 12.02 | 11.01 | 15.97 | 17.53 | 20.96 | 35.88 | 61.97 |
| Operating Profit | 3.00 | 2.21 | 2.25 | 3.16 | 4.28 | 6.49 | 12.30 |
| OPM % | 19.97% | 16.72% | 12.35% | 15.27% | 16.96% | 15.32% | 16.56% |
| Other Income | 0.29 | 0.02 | 0.09 | 0.20 | 0.29 | 3.60 | 0.28 |
| Interest | 0.43 | 0.27 | 0.18 | 0.11 | 0.07 | 0.19 | 0.82 |
| Depreciation | 0.96 | 0.92 | 0.85 | 0.83 | 0.95 | 1.22 | 1.78 |
| Profit before tax | 1.90 | 1.04 | 1.31 | 2.42 | 3.55 | 8.68 | 9.98 |
| Tax % | 30.53% | 26.92% | 27.48% | 29.34% | 24.79% | 25.23% | 25.35% |
| Net Profit | 1.32 | 0.76 | 0.94 | 1.71 | 2.68 | 6.49 | 7.44 |
| EPS in Rs | 44.00 | 25.33 | 31.33 | 5.18 | 6.70 | 16.22 | 18.60 |
| Dividend Payout % | 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 | % | 41% | 53% | 75% | ||
| Compounded Profit Growth | % | 58% | 63% | 125% | ||
| Stock Price CAGR | % | % | 41% | 11% | ||
| Return on Equity | % | 17% | 17% | 22% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.30 | 0.30 | 0.30 | 3.30 | 4.00 | 4.00 | 4.00 |
| Reserves | 7.95 | 8.71 | 9.65 | 8.35 | 19.00 | 25.49 | 32.79 |
| Borrowings | 3.77 | 2.17 | 1.73 | 0.94 | -0.14 | 4.01 | 10.86 |
| Other Liabilities | 2.58 | 3.01 | 3.17 | 4.00 | 3.45 | 9.55 | 11.46 |
| Total Liabilities | 14.60 | 14.19 | 14.85 | 16.59 | 26.31 | 43.05 | 59.11 |
| Fixed Assets | 7.98 | 7.78 | 7.18 | 7.13 | 10.16 | 24.19 | 27.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.86 | 0.61 | 0.00 | 0.23 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 6.62 | 6.41 | 7.67 | 8.60 | 15.54 | 18.86 | 31.15 |
| Total Assets | 14.60 | 14.19 | 14.85 | 16.59 | 26.31 | 43.05 | 59.11 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2.03 | 0.80 | 2.60 | 2.08 | 1.68 | 2.24 | |
| Cash from Investing Activity | -0.71 | -0.22 | -1.64 | -3.73 | -11.45 | -5.55 | |
| Cash from Financing Activity | -1.86 | -0.59 | -0.85 | 7.58 | 3.94 | 6.09 | |
| Net Cash Flow | -0.54 | -0.01 | 0.11 | 5.94 | -5.83 | 2.78 | |
| Free Cash Flow | 1.31 | 0.58 | 0.95 | -1.65 | -9.77 | -3.31 | |
| CFO/OP | 104% | 52% | 82% | 49% | 26% | 18% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 84.08 | 111.54 | 82.14 | 80.44 | 79.68 | 79.34 | 73.13 |
| Inventory Days | 60.95 | 75.70 | 82.57 | 75.67 | 52.35 | 91.50 | 80.72 |
| Days Payable | 42.06 | 78.02 | 51.54 | 72.33 | 42.12 | 75.92 | 51.91 |
| Cash Conversion Cycle | 102.97 | 109.23 | 113.17 | 83.78 | 89.91 | 94.92 | 101.94 |
| Working Capital Days | 56.14 | 73.99 | 69.31 | 73.92 | 93.56 | 52.89 | 47.52 |
| ROCE % | 11.29% | 13.65% | 20.85% | 20.42% | 20.16% | 26.62% |
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 72.45% | 72.45% | 72.45% | 72.68% | 67.10% | 67.10% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 2.79% | 2.85% |
| Public | 27.54% | 27.55% | 27.55% | 27.33% | 30.11% | 30.05% |
| No. of Shareholders | 860 | 213 | 247 | 238 | 339 | 350 |
Fundamentals
Market Cap₹ 156 Cr.
Current Price₹ 390
Stock P/E21.0
Book Value₹ 92.0
ROCE26.6 %
ROE22.4 %
Dividend Yield0.19 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)75%
Compounded Profit Growth (TTM)125%
Standalone figures.
Valuation
Market capRs 133 Cr
Enterprise valueRs 134 Cr
P/E (TTM)77.96x
Price to book11.44x
Price to sales6.44x
EV / EBITDA39.92x
EV / EBIT53.02x
EV / sales6.48x
Price to cash flow51.28x
Earnings yield1.28%
Profitability
Operating margin (excl. other income)15.27%
Operating margin (incl. other income)16.24%
EBITDA margin16.24%
Pre-tax margin11.70%
Net profit margin8.26%
ROE15.83%
ROCE20.85%
ROA10.88%
ROE, 3-year average11.52%
ROCE, 3-year average15.06%
ROA, 3-year average7.54%
ROIC (approx.)14.34%
Tax rate29.34%
Other income / net worth1.72%
Growth
Sales growth (latest year)13.56%
Profit growth (latest year)81.91%
Sales CAGR, 3 years11.27%
Profit CAGR, 3 years9.01%
Per share
EPS (TTM)Rs 5.18
EPS (latest year)Rs 5.18
EPS, 3-year averageRs 20.62
Book value per shareRs 35.30
Sales per shareRs 62.70
Cash flow per shareRs 7.88
Free cash flow per shareRs -10.03
Efficiency
Asset turnover1.25x
Fixed asset turnover2.90x
Inventory turnover5.62x
Inventory days65 days
Debtor days80 days
Debtors turnover4.54x
Creditor days52 days
Cash conversion cycle102 days
Working capital days48 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.08x
Net debt / EBITDA0.24x
Interest coverage23.00x
Owners' fund to total sources70.22%
Debt to assets5.67%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs -4 Cr
Cash from ops / profit, 5 years0.49x
Sales to cash flow7.96x
Statement figures
Net sales (TTM)Rs 21 Cr
Net sales (latest year)Rs 21 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 15 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 21 Cr
Share capitalRs 3 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 12 Cr
Total assetsRs 17 Cr
Net blockRs 7 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 5 Cr
InventoryRs 3 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.33
Ownership
Promoter holding67.10% (-5.35 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 78.0 is at the 29th percentile of its own 3.2-year range
(median 113.4, low 34.1, high 156.4).
P/B 11.44 is at the 66th percentile (median 10.75).
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 | MASTER | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.0% | -2.8% | +3.8 pts |
| 1 month | -8.8% | -6.8% | -2.0 pts |
| 3 months | +18.8% | -7.6% | +26.5 pts |
| 6 months | +25.1% | +0.4% | +24.7 pts |
| 1 year | +7.1% | -9.9% | +17.1 pts |
| 2 years | +187.7% | -13.6% | +201.3 pts |
| 3 years | +188.2% | +14.2% | +174.0 pts |
Red flags
F-score 7 of 8| explain | Share dilution Share count up 1000% in a year, 1000% in three |
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
Mar 2026Sales ₹38 Cr +172.5% vs Mar 2024.
Net profit ₹4 Cr +151.5%.
Against our estimate for Mar 2026: sales -4.7%, profit -1.1% in line.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Supreme Industries Ltd | 43,771 | 42.4 | 20.7 % |
| Astral Ltd | 36,939 | 62.4 | 19.2 % |
| Garware Hi Tech Films Ltd | 16,301 | 42.0 | 18.1 % |
| Finolex Industries Ltd | 9,379 | 15.2 | 11.8 % |
| Time Technoplast Ltd | 9,079 | 18.5 | 16.5 % |
| Kingfa Science & Technology (India) Ltd | 8,842 | 39.2 | 23.2 % |
| Prince Pipes & Fittings Ltd | 2,830 | 27.2 | 6.03 % |
| Apollo Pipes Ltd | 2,258 | 1.23 % | |
| Jain Irrigation Systems Ltd | 2,065 | 5.30 % | |
| Jai Corp Ltd | 1,611 | 17.1 | 11.8 % |
| Premier Polyfilm Ltd | 1,007 | 28.8 | 28.9 % |
| R M Drip & Sprinklers Systems Ltd | 1,004 | 28.5 | 38.3 % |
| Prakash Pipes Ltd | 591 | 12.0 | 12.4 % |
| Shish Industries Ltd | 574 | 168 | 6.80 % |
| Dhabriya Polywood Ltd | 500 | 15.4 | 25.6 % |
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.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Master Components Ltd?
Master Components Ltd (MASTER) has a market capitalisation of Rs 156 Cr. at the 2026-10-01 close.
What is the P/E ratio of Master Components Ltd?
Master Components Ltd trades at a P/E of 21.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Master Components Ltd's latest quarterly results?
In the Mar 2026 quarter, Master Components Ltd sales was Rs 38 Cr (+172.5% vs Mar 2024) and net profit was Rs 4 Cr.
What is the 52-week high and low of Master Components Ltd?
The 52-week high is Rs 502.00 and the 52-week low is Rs 282.50.