Machhar Industries Ltd
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)[1]
- Market Cap ₹ 28.9 Cr.
- Current Price ₹ 390
- High / Low ₹ 402 / 221
- Stock P/E 49.8
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 8.45 %
- ROE 6.16 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.98 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.32% over last 3 years.
* 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 17.15 | 16.93 | 15.68 | 15.56 | |
| 16.37 | 15.85 | 15.20 | 14.43 | |
| Operating Profit | 0.78 | 1.08 | 0.48 | 1.13 |
| OPM % | 4.55% | 6.38% | 3.06% | 7.26% |
| 0.26 | 0.38 | 0.39 | 0.26 | |
| Interest | 0.22 | 0.20 | 0.26 | 0.16 |
| Depreciation | 0.37 | 0.46 | 0.42 | 0.39 |
| Profit before tax | 0.45 | 0.80 | 0.19 | 0.84 |
| Tax % | 20.00% | 22.50% | 15.79% | 30.95% |
| 0.36 | 0.62 | 0.15 | 0.58 | |
| EPS in Rs | 4.86 | 8.37 | 2.02 | 7.83 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 1260% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.74 | 0.74 | 0.74 | 0.74 |
| Reserves | 10.67 | 8.46 | 8.41 | 8.95 |
| 1.77 | 1.14 | 2.37 | 2.45 | |
| 2.06 | 1.75 | 1.50 | 1.71 | |
| Total Liabilities | 15.24 | 12.09 | 13.02 | 13.85 |
| 8.07 | 5.00 | 4.76 | 4.80 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.56 | 0.64 | 1.54 | 1.73 |
| 6.61 | 6.45 | 6.72 | 7.32 | |
| Total Assets | 15.24 | 12.09 | 13.02 | 13.85 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 0.06 | -0.21 | 0.19 | 1.01 | |
| -1.85 | 0.05 | -0.97 | -0.18 | |
| 1.54 | -0.82 | 0.98 | -0.08 | |
| Net Cash Flow | -0.25 | -0.98 | 0.21 | 0.74 |
| Free Cash Flow | -2.03 | -0.53 | 0.03 | 0.59 |
| CFO/OP | 64% | -16% | 27% | 95% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 17.88 | 37.30 | 36.78 | 38.00 |
| Inventory Days | 82.95 | 136.03 | 154.81 | |
| Days Payable | 143.10 | 80.81 | 88.10 | |
| Cash Conversion Cycle | 17.88 | -22.84 | 92.00 | 104.71 |
| Working Capital Days | 4.04 | 34.93 | 8.38 | 36.12 |
| ROCE % | 7.14% | 2.56% | 8.45% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| AdBlue (DEF) Segment Revenue Rs. in Lakhs ・Includes some standalone data |
|
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| Explosive Division (Ammonium Nitrate Conversion) Revenue Rs. in Lakhs ・Includes some standalone data |
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| Transportation Division Receipts Rs. in Lakhs ・Includes some standalone data |
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| Number of Manufacturing Plants Count ・Standalone data |
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| Number of AdBlue Traders/Dealers Count ・Standalone data |
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| Total Employee Headcount Count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Results Of Board Meeting Held On 23Rd May, 2026 Under Regulations 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations). 24 May
-
Outcome Of Board Meeting Held On 23Rd May, 2026 Under Regulations 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).
24 May - Board approved audited Q4 and FY2026 standalone and consolidated results on 23 May 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 23Rd May, 2026 Under Regulations 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).
23 May - Board approved audited Q4 and FY26 standalone and consolidated results on 23 May 2026.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
5 May - Machhar Industries confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.83 crore as of 31 March 2026.
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Board Meeting Intimation for Submission Of Information Under Clause 29 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
21 Apr - Board meets 23 May 2026 to approve FY2025-26 audited quarterly and yearly results.
Business Overview:[1]
MIL specialises in converting Ammonium Nitrate from melt form to solid form, in accordance
with the specific terms and requirements of its customers. In addition to this core activity,
the company is also engaged in the transportation of Ammonium Nitrate and trading of its AdBlue (Diesel Exhaust Fluid), and other
chemical products.