Marshall Machines Ltd

Marshall Machin. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Marshall Machines Ltd

₹ 23.0 -0.86%
13 Dec - close price
Company website NSE: MARSHALL
About

Incorporated in 1994, Marshall Machines Ltd is in the business of designing, manufacturing, and deploying solution offerings, providing after sales services for machine tool equipment[1]

Key Points

Business Overview:[1][2]
Company manufactures a wide range of CNC Turning Centers including Patented Double Spindle CNC Turning Centers. It provides complete machining solutions to manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, Bushes, etc. Company works towards automated, Industry 4.0-enabled, and smart IoT-enabled CNC solution offerings to India’s leading manufacturing companies

Website NSE - BE
  • Market Cap ₹ 54.8 Cr.
  • Current Price ₹ 23.0
  • High / Low ₹ 54.2 / 19.7
  • Stock P/E
  • Book Value ₹ 31.8
  • Dividend Yield 0.00 %
  • ROCE -3.39 %
  • ROE -9.40 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.72 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.6% over past five years.
  • Promoter holding is low: 28.9%
  • Company has a low return on equity of -10.4% over last 3 years.
  • Company has high debtors of 461 days.
  • Promoter holding has decreased over last 3 years: -44.5%
  • Working capital days have increased from 393 days to 700 days

* 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: Engineering Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
14.16 12.50 9.29 24.38 6.79 8.40 7.14 12.18 10.66 1.79 9.99 5.52 9.14
12.63 11.81 10.00 18.98 7.69 7.93 7.33 12.97 9.40 2.74 8.40 6.28 9.58
Operating Profit 1.53 0.69 -0.71 5.40 -0.90 0.47 -0.19 -0.79 1.26 -0.95 1.59 -0.76 -0.44
OPM % 10.81% 5.52% -7.64% 22.15% -13.25% 5.60% -2.66% -6.49% 11.82% -53.07% 15.92% -13.77% -4.81%
0.03 0.03 0.03 0.04 0.08 1.13 1.28 0.01 0.02 0.05 0.00 0.37 0.04
Interest 0.95 1.08 1.31 1.12 1.00 1.08 1.07 1.27 1.25 1.36 0.90 0.31 0.73
Depreciation 1.60 1.62 1.62 1.43 1.58 1.44 1.44 1.42 1.23 1.25 1.25 1.20 1.11
Profit before tax -0.99 -1.98 -3.61 2.89 -3.40 -0.92 -1.42 -3.47 -1.20 -3.51 -0.56 -1.90 -2.24
Tax % -20.20% -28.28% -14.40% 25.26% -25.59% -25.00% -25.35% -23.92% -13.33% -25.07% -23.21% -31.58% -34.82%
-0.80 -1.42 -3.08 2.16 -2.52 -0.69 -1.06 -2.64 -1.03 -2.63 -0.43 -1.31 -1.46
EPS in Rs -0.32 -0.57 -1.25 0.87 -1.02 -0.28 -0.43 -1.07 -0.42 -1.10 -0.18 -0.55 -0.61
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35.31 41.67 29.99 43.80 50.18 59.35 65.23 59.56 66.83 60.33 34.50 27.93 26.44
33.39 40.33 28.36 38.33 44.02 46.54 50.02 43.74 57.42 53.44 35.91 26.78 27.00
Operating Profit 1.92 1.34 1.63 5.47 6.16 12.81 15.21 15.82 9.41 6.89 -1.41 1.15 -0.56
OPM % 5.44% 3.22% 5.44% 12.49% 12.28% 21.58% 23.32% 26.56% 14.08% 11.42% -4.09% 4.12% -2.12%
0.00 0.00 0.00 0.11 0.35 0.07 0.23 0.80 0.11 0.14 2.50 0.44 0.46
Interest 0.00 0.00 0.00 3.62 3.11 3.22 3.71 4.40 3.81 4.46 4.41 3.83 3.30
Depreciation 0.00 0.00 0.00 1.23 1.60 2.20 3.73 8.10 5.12 6.27 5.87 4.94 4.81
Profit before tax 1.92 1.34 1.63 0.73 1.80 7.46 8.00 4.12 0.59 -3.70 -9.19 -7.18 -8.21
Tax % 0.00% 0.00% 0.00% 43.84% 38.33% 32.98% 27.88% 27.91% 37.29% -15.14% -24.92% -24.65%
1.92 1.34 1.63 0.42 1.10 5.01 5.77 2.97 0.36 -3.14 -6.90 -5.40 -5.83
EPS in Rs 8.00 4.32 5.26 1.35 3.55 13.92 2.34 1.20 0.15 -1.27 -2.79 -2.26 -2.44
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -16%
3 Years: -25%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: -18%
1 Year: -56%
Return on Equity
10 Years: %
5 Years: -5%
3 Years: -10%
Last Year: -9%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1.41 1.81 1.81 1.81 1.81 2.14 14.55 14.55 14.55 14.55 14.55 23.90
Reserves 3.33 4.89 6.53 6.94 8.05 15.69 23.96 26.72 34.50 31.43 24.98 52.12
11.72 17.18 24.68 26.06 23.85 28.92 34.20 36.65 40.63 40.18 45.25 38.40
9.59 9.83 13.44 24.58 31.32 32.90 35.06 43.20 43.10 49.18 56.51 41.90
Total Liabilities 26.05 33.71 46.46 59.39 65.03 79.65 107.77 121.12 132.78 135.34 141.29 156.32
5.50 8.74 10.32 11.47 14.99 22.79 46.39 38.80 68.29 62.48 57.49 60.46
CWIP 2.19 0.76 2.97 1.01 1.01 0.00 0.00 14.11 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
18.36 24.21 33.17 46.91 49.03 56.86 61.38 68.21 64.49 72.86 83.80 95.86
Total Assets 26.05 33.71 46.46 59.39 65.03 79.65 107.77 121.12 132.78 135.34 141.29 156.32

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.00 0.00 7.08 10.87 5.19 13.60 11.79 11.34 4.78 -0.33 -12.48
0.00 0.00 0.00 -1.05 -5.09 -8.92 -27.26 -14.51 -10.36 -0.37 -0.33 -18.66
0.00 0.00 0.00 -5.40 -5.17 5.06 13.95 3.00 -1.76 -4.77 0.70 31.25
Net Cash Flow 0.00 0.00 0.00 0.63 0.61 1.32 0.29 0.29 -0.78 -0.37 0.04 0.11

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19.12 21.20 38.95 39.33 59.86 70.23 69.11 86.04 63.79 108.90 300.46 461.05
Inventory Days 450.40 394.66 312.88 374.48 555.08 378.47 485.35 667.09 818.80
Days Payable 167.69 197.60 150.23 150.88 241.72 166.27 239.74 505.12 645.43
Cash Conversion Cycle 19.12 21.20 38.95 322.04 256.92 232.88 292.70 399.40 276.00 354.51 462.44 634.42
Working Capital Days 83.11 115.89 207.88 175.67 116.67 106.21 109.17 134.09 136.98 169.10 309.56 699.81
ROCE % 6.64% 5.73% 14.33% 26.55% 19.49% 11.31% 5.24% 0.86% -5.59% -3.39%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.55% 66.99% 66.99% 60.00% 60.00% 52.01% 52.01% 47.34% 28.89% 28.89% 28.89% 28.89%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
32.46% 33.02% 33.01% 40.00% 40.00% 47.99% 47.99% 52.66% 71.11% 71.11% 71.11% 71.11%
No. of Shareholders 4,0743,9524,2055,8645,6165,2674,5065,0806,2017,5937,3577,919

* 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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