Machhar Industries
Chemicals
543934 BSE
₹370.50
Close ·
- P/E
- 36.15
Close 4 Nov 2026 ₹370.50 +55.00 +17.4% 1Y
Start ₹315.50
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 8.43%
- Debt to Equity
- 0.25
- EPS (TTM)
- ₹10.25
- Book Value
- ₹128.59
- Market Cap
- —
- P/E (TTM)
- 36.15
- P/B
- 2.88
- ROE
- 6.24%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1.14 Cr
- 52W High
- ₹449.40
- 52W Low
- ₹221.20
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
55 Good
Data confidence 98/100
Category scores
- Quality
- 62
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 32
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 68
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 71
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 84
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- 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
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 5 | 6 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Bearish
Bearish
8
Neutral
5
Bullish
6
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 45.12
- Neutral
- MACD (12,26,9)
- 3.52
- Bearish
- SMA (50)
- 376.68
- Bearish
- SMA (200)
- 325.36
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +1.56% |
|---|---|
| 3Y | −3.19% |
| 1Y | −0.77% |
| TTM | +25.10% |
Net profit
| 5Y | −24.59% |
|---|---|
| 3Y | +17.90% |
| 1Y | +293.33% |
| TTM | +484.62% |
Operating cash flow
| 5Y | +0.40% |
|---|---|
| 3Y | +142.64% |
| 1Y | +426.32% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −2.46 pp |
|---|---|
| 3Y | +2.71 pp |
| 1Y | +4.20 pp |
| TTM | +4.96 pp |
Revenue by year
| Mar 2017 | ₹14.36 Cr |
|---|---|
| Mar 2018 | ₹19.37 Cr |
| Mar 2020 | ₹18.39 Cr |
| Mar 2021 | ₹14.40 Cr |
| Mar 2022 | ₹16.15 Cr |
| Mar 2023 | ₹17.15 Cr |
| Mar 2024 | ₹16.93 Cr |
| Mar 2025 | ₹15.68 Cr |
| Mar 2026 | ₹15.56 Cr |
Net profit by year
| Mar 2017 | ₹0.70 Cr |
|---|---|
| Mar 2018 | ₹0.89 Cr |
| Mar 2020 | ₹0.57 Cr |
| Mar 2021 | ₹2.42 Cr |
| Mar 2022 | ₹0.89 Cr |
| Mar 2023 | ₹0.36 Cr |
| Mar 2024 | ₹0.64 Cr |
| Mar 2025 | ₹0.15 Cr |
| Mar 2026 | ₹0.59 Cr |
Quarterly Results
₹ Cr| 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 (₹) | 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
₹ Cr| 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 (₹) | 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
₹ Cr| 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
₹ Cr| 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/EBITDA | — | — | — | 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
59 extracted metrics across FY17–FY27.
Documents
- 11 Nov 2025
- General announcements 23 Oct 2026
- General announcements 6 Oct 2026
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)
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 PE ratio of Machhar Industries Ltd?
Machhar Industries Ltd trades at a PE ratio of 36.15 as of 4 Nov 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 4 Nov 2026.
What is the Return on Equity (ROE) of Machhar Industries Ltd?
Machhar Industries Ltd reported a return on equity of 6.24%. 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)
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