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 ₹ 28.2 Cr.
- Current Price ₹ 380
- High / Low ₹ 449 / 221
- Stock P/E 37.0
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 8.45 %
- ROE 6.16 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.91 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 | TTM | |
|---|---|---|---|---|---|
| 17.15 | 16.93 | 15.68 | 15.56 | 18.14 | |
| 16.37 | 15.85 | 15.20 | 14.43 | 16.74 | |
| Operating Profit | 0.78 | 1.08 | 0.48 | 1.13 | 1.40 |
| OPM % | 4.55% | 6.38% | 3.06% | 7.26% | 7.72% |
| 0.26 | 0.38 | 0.39 | 0.26 | 0.26 | |
| Interest | 0.22 | 0.20 | 0.26 | 0.16 | 0.16 |
| Depreciation | 0.37 | 0.46 | 0.42 | 0.39 | 0.39 |
| Profit before tax | 0.45 | 0.80 | 0.19 | 0.84 | 1.11 |
| Tax % | 20.00% | 22.50% | 15.79% | 30.95% | |
| 0.36 | 0.62 | 0.15 | 0.58 | 0.76 | |
| EPS in Rs | 4.86 | 8.37 | 2.02 | 7.83 | 10.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 485% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 85% |
| 1 Year: | 54% |
| 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 / 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) Division Revenue Share % of total segment revenue ・Standalone data |
|
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| Explosives Division Revenue Share % of total segment revenue ・Standalone data |
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| Transportation Division Revenue Share % of total segment revenue ・Standalone data |
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| Capacity Utilization - Explosives (Ammonium Nitrate Conversion) Division % ・Standalone data |
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| Number of Traders/Distributors (AdBlue and chemicals) count ・Standalone data |
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| Total Number of Employees count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Outcome And Summary Of Proceedings Of The 18Th Annual General Meeting Of The Company Held On Tuesday, 22Nd September, 2026
- 18th AGM held on 22 Sept 2026; shareholders approved financials, auditor reappointment, WTD reappointment, and related-party transactions.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Closure of Trading Window
- Book closure from 16 September 2026 to 22 September 2026 for 18th AGM.
-
Intimation Of 18Th Annual General Meeting Notice Of AGM And Annual Report To Members
- 18th AGM on 22 September 2026 at 2:30 PM; e-voting from 19-21 September.
- Intimation Of Notice Of 18Th Annual General Meeting (AGM) Of Company. This Is To Inform You That The 18Th Annual General Meeting (AGM) Of The Company Is Scheduled To Be Held On Tuesday, 22Nd September, 2026 At 2:30 P.M. Further, Please Note That The Company Has Fixed Following Dates In Connection With Its 18Th Annual General Meeting For The Financial Year 2025 - 26.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
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.