Machino Plastics Ltd
Incorporated in 1987, Machino Plastics
Ltd manufactures injection moulding
plastic components and moulds/dies[1]
- Market Cap ₹ 146 Cr.
- Current Price ₹ 238
- High / Low ₹ 338 / 200
- Stock P/E 23.3
- Book Value ₹ 94.7
- Dividend Yield 0.00 %
- ROCE 8.46 %
- ROE 6.95 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 60.9% CAGR over last 5 years
Cons
- Stock is trading at 2.52 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.81% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
170 | 166 | 196 | 205 | 259 | 306 | 303 | 242 | 210 | 265 | 331 | 338 | 363 | |
153 | 152 | 178 | 185 | 233 | 278 | 277 | 224 | 194 | 249 | 310 | 312 | 332 | |
Operating Profit | 17 | 14 | 18 | 20 | 26 | 28 | 26 | 18 | 16 | 16 | 21 | 26 | 32 |
OPM % | 10% | 8% | 9% | 10% | 10% | 9% | 8% | 8% | 8% | 6% | 6% | 8% | 9% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Interest | 5 | 5 | 5 | 2 | 4 | 7 | 7 | 8 | 7 | 6 | 6 | 7 | 11 |
Depreciation | 13 | 13 | 11 | 13 | 13 | 19 | 19 | 20 | 15 | 14 | 13 | 14 | 11 |
Profit before tax | -1 | -4 | 2 | 5 | 10 | 2 | 0 | -9 | -6 | -3 | 2 | 5 | 10 |
Tax % | 45% | -39% | -25% | 73% | 50% | -170% | -264% | -47% | -29% | -28% | 25% | 30% | |
-1 | -2 | 2 | 1 | 5 | 5 | 0 | -5 | -4 | -2 | 2 | 4 | 6 | |
EPS in Rs | -2.17 | -3.93 | 3.78 | 2.27 | 7.76 | 7.82 | 0.67 | -7.37 | -6.68 | -4.04 | 2.61 | 6.01 | 10.24 |
Dividend Payout % | 0% | 0% | 26% | 44% | 26% | 13% | 150% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 2% |
3 Years: | 17% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 61% |
3 Years: | 43% |
TTM: | 138% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 29% |
3 Years: | 27% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | -2% |
3 Years: | 2% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 52 | 50 | 51 | 48 | 52 | 55 | 55 | 50 | 46 | 43 | 45 | 48 | 52 |
54 | 52 | 45 | 35 | 112 | 102 | 114 | 94 | 102 | 94 | 88 | 88 | 142 | |
16 | 22 | 14 | 24 | 27 | 33 | 33 | 23 | 18 | 29 | 39 | 61 | 69 | |
Total Liabilities | 128 | 130 | 117 | 114 | 196 | 196 | 208 | 173 | 172 | 172 | 178 | 204 | 269 |
94 | 86 | 83 | 77 | 132 | 121 | 141 | 132 | 118 | 106 | 97 | 100 | 122 | |
CWIP | 6 | 14 | 7 | 5 | 6 | 6 | 5 | 0 | 0 | 0 | 0 | 0 | 6 |
Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
27 | 29 | 26 | 30 | 57 | 67 | 61 | 40 | 53 | 65 | 79 | 103 | 139 | |
Total Assets | 128 | 130 | 117 | 114 | 196 | 196 | 208 | 173 | 172 | 172 | 178 | 204 | 269 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | 19 | 17 | 22 | -8 | 34 | 29 | 28 | 0 | 19 | 17 | 21 | |
-12 | -12 | -1 | -8 | -64 | -8 | -39 | -1 | -1 | -2 | -4 | -17 | |
-11 | -8 | -12 | -15 | 72 | -19 | 5 | -32 | 1 | -14 | -13 | -6 | |
Net Cash Flow | 0 | -2 | 3 | -0 | 0 | 7 | -4 | -6 | 0 | 2 | 0 | -2 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 40 | 21 | 23 | 49 | 52 | 46 | 37 | 59 | 51 | 53 | 53 |
Inventory Days | 21 | 21 | 18 | 16 | 15 | 16 | 21 | 26 | 46 | 47 | 42 | 70 |
Days Payable | 3 | 22 | 2 | 7 | 6 | 13 | 18 | 15 | 14 | 35 | 48 | 85 |
Cash Conversion Cycle | 45 | 39 | 37 | 32 | 58 | 55 | 50 | 48 | 91 | 62 | 47 | 38 |
Working Capital Days | 9 | -2 | -8 | 2 | 39 | 19 | 15 | 8 | 62 | 47 | 41 | 45 |
ROCE % | 4% | 0% | 7% | 8% | 10% | 5% | 4% | -1% | 1% | 2% | 6% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Feb - Submission of Newspaper Publication under Regulation 47 of the SEBI (LODR) Regulations, 2015
-
Integrated Filing (Financial)
6 Feb - Integrated financial results for Q3 FY2024 submitted.
- Unaudited Financial Results-Q3 6 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 6Th February, 2025
6 Feb - Unaudited financial results for Q3 2024 approved.
-
Announcement under Regulation 30 (LODR)-Credit Rating
29 Jan - ICRA assigns BBB- rating to Machino Plastics Limited.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Business Overview[1]
Machino Plastics Limited (MPL), established in 1986, is India's first and largest manufacturer of plastic bumpers and dashboards. The company offers turnkey solutions through an integrated approach encompassing design, tooling, manufacturing, and assembly of complex products