Machino Plastics Ltd

Machino Plastics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Machino Plastics Ltd

₹ 250 -0.14%
13 Dec - close price
machino.com BSE: 523248
About

Incorporated in 1987, Machino Plastics
Ltd manufactures injection moulding
plastic components and moulds/dies[1]

Key Points

History[1]
Company started as an alliance between
Machino Group, Maruti Udyog Limited and
Suzuki Motor Corporation Japan, for moulding large components like Bumpers, Instrument Panels, Radiator Grills and more plastic components for cars, trucks, buses and
two-wheelers.

Website BSE
  • Market Cap ₹ 154 Cr.
  • Current Price ₹ 250
  • High / Low ₹ 338 / 198
  • Stock P/E 26.2
  • Book Value ₹ 94.7
  • Dividend Yield 0.00 %
  • ROCE 8.46 %
  • ROE 6.95 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 60.9% CAGR over last 5 years

Cons

  • Stock is trading at 2.64 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

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
67.29 73.09 76.66 88.78 80.55 81.25 80.69 88.54 83.78 83.59 81.83 95.16 92.75
62.48 69.22 71.66 82.68 75.40 75.99 75.99 82.25 77.65 76.80 74.98 87.58 84.07
Operating Profit 4.81 3.87 5.00 6.10 5.15 5.26 4.70 6.29 6.13 6.79 6.85 7.58 8.68
OPM % 7.15% 5.29% 6.52% 6.87% 6.39% 6.47% 5.82% 7.10% 7.32% 8.12% 8.37% 7.97% 9.36%
0.01 0.05 0.13 0.02 0.05 0.01 0.18 0.03 -0.00 0.01 0.02 0.01 0.03
Interest 1.70 1.55 1.49 1.57 1.51 1.65 1.73 1.54 1.56 1.46 2.13 2.18 3.18
Depreciation 3.39 3.36 3.40 3.35 3.35 3.13 3.04 3.54 3.55 3.57 3.54 3.07 2.50
Profit before tax -0.27 -0.99 0.24 1.20 0.34 0.49 0.11 1.24 1.02 1.77 1.20 2.34 3.03
Tax % -7.41% -71.72% -108.33% 13.33% 97.06% 26.53% -63.64% 38.71% 43.14% 36.72% -1.67% 40.17% 30.36%
-0.25 -0.29 0.51 1.04 0.01 0.37 0.18 0.77 0.58 1.11 1.23 1.40 2.12
EPS in Rs -0.41 -0.47 0.83 1.69 0.02 0.60 0.29 1.25 0.95 1.81 2.00 2.28 3.45
Raw PDF

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
170 166 196 205 259 306 303 242 210 265 331 338 353
153 152 178 185 233 278 277 224 194 249 310 312 323
Operating Profit 17 14 18 20 26 28 26 18 16 16 21 26 30
OPM % 10% 8% 9% 10% 10% 9% 8% 8% 8% 6% 6% 8% 8%
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 9
Depreciation 13 13 11 13 13 19 19 20 15 14 13 14 13
Profit before tax -1 -4 2 5 10 2 0 -9 -6 -3 2 5 8
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 9.54
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: 6%
Compounded Profit Growth
10 Years: 13%
5 Years: 61%
3 Years: 43%
TTM: 208%
Stock Price CAGR
10 Years: 17%
5 Years: 28%
3 Years: 27%
1 Year: 5%
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.44% 74.44% 74.44% 74.45% 74.45% 74.72% 74.74% 74.83% 74.86% 75.00% 75.00% 75.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.54% 25.54% 25.54% 25.55% 25.54% 25.27% 25.24% 25.16% 25.13% 24.98% 24.99% 24.99%
No. of Shareholders 3,0683,1132,9882,9312,9052,8762,6972,7733,0982,9982,9703,199

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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