Msafe Equipments Ltd
₹ 155
-1.71%
27 May
- close price
About
Incorporated in 2019, Msafe Equipments Limited is engaged in the manufacturing, sales, and rental of access and height-safety equipment used for safe working at heights.[1]
Key Points
- Market Cap ₹ 316 Cr.
- Current Price ₹ 155
- High / Low ₹ 176 / 102
- Stock P/E 14.1
- Book Value ₹ 48.0
- Dividend Yield 0.00 %
- ROCE 34.1 %
- ROE 36.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 137% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 47.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 6 | 16 | 27 | 48 | 71 | 104 | |
| 4 | 11 | 20 | 32 | 45 | 63 | |
| Operating Profit | 1 | 4 | 7 | 16 | 26 | 41 |
| OPM % | 22% | 27% | 24% | 33% | 37% | 39% |
| 1 | 1 | 3 | -0 | 0 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 1 | 2 | 3 | 5 | 6 | 8 |
| Profit before tax | 0 | 3 | 5 | 9 | 17 | 30 |
| Tax % | 25% | 26% | 27% | 25% | 25% | 25% |
| 0 | 2 | 4 | 7 | 13 | 22 | |
| EPS in Rs | 300.00 | 2,090.00 | 36.10 | 65.50 | 130.10 | 10.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 57% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 137% |
| 3 Years: | 84% |
| TTM: | 71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 47% |
| Last Year: | 36% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 1 | 1 | 1 | 20 |
| Reserves | 0 | 2 | 5 | 12 | 25 | 78 |
| 9 | 11 | 20 | 26 | 33 | 39 | |
| 2 | 7 | 7 | 10 | 15 | 12 | |
| Total Liabilities | 11 | 20 | 34 | 48 | 74 | 149 |
| 7 | 13 | 22 | 27 | 39 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 1 | 0 | 0 |
| 4 | 7 | 11 | 21 | 34 | 100 | |
| Total Assets | 11 | 20 | 34 | 48 | 74 | 149 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 5 | 6 | 14 | 12 | |||
| -13 | -10 | -18 | -63 | |||
| 9 | 3 | 4 | 52 | |||
| Net Cash Flow | 0 | 0 | 0 | -0 | ||
| Free Cash Flow | -8 | -3 | -4 | -9 | ||
| CFO/OP | 80% | 50% | 64% | 54% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 142 | 118 | 96 | 90 | 83 | 83 |
| Inventory Days | 63 | 42 | 51 | 94 | 179 | 379 |
| Days Payable | 249 | 565 | 272 | 122 | 127 | 68 |
| Cash Conversion Cycle | -44 | -405 | -125 | 63 | 134 | 395 |
| Working Capital Days | -352 | -230 | -180 | -95 | -54 | 52 |
| ROCE % | 35% | 32% | 35% | 42% | 34% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Employee Attrition Rate % |
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| Total Unique Customers Number |
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| Capacity Utilization - Unit I (Aluminium Scaffolding & Ladders) % |
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| Capacity Utilization - Unit II (Aluminium Scaffolding & Ladders) % |
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| Installed Capacity - Unit I (Aluminium Scaffolding & Ladders) Kg |
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| Installed Capacity - Unit II (Aluminium Scaffolding & Ladders) Kg |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
23 May - Ashish Rai re-designated Chief Operating Officer effective 23 May 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 May
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011 20 May
-
Announcement under Regulation 30 (LODR)-Change in Management
20 May - President-MRO & Ladder Division Rajneesh Kumar resigned effective close of business on 20 May 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 19 May
Concalls
-
May 2026Transcript PPT REC
Business Profile[1]
Msafe Equipments Limited is engaged in the manufacturing, sale, and rental of access and height-safety equipment used for working at heights. The company operates a dual-revenue model (product sales + rentals), supplying equipment used in construction, infrastructure, industrial maintenance, HVAC, MEP, warehousing, interiors, and firefighting applications.