Marshall Machines Ltd
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]
- Market Cap ₹ 95.5 Cr.
- Current Price ₹ 40.0
- High / Low ₹ 61.2 / 22.3
- Stock P/E
- Book Value ₹ 31.8
- Dividend Yield 0.00 %
- ROCE -3.36 %
- ROE -9.35 %
- Face Value ₹ 10.0
Pros
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.
- Earnings include an other income of Rs.0.44 Cr.
- 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 699 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35.31 | 41.67 | 29.99 | 43.80 | 50.18 | 59.35 | 65.23 | 59.56 | 66.83 | 60.33 | 34.50 | 27.96 | |
33.39 | 40.33 | 28.36 | 38.33 | 44.02 | 46.54 | 50.02 | 43.74 | 57.42 | 53.44 | 35.91 | 26.81 | |
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 |
OPM % | 5.44% | 3.22% | 5.44% | 12.49% | 12.28% | 21.58% | 23.32% | 26.56% | 14.08% | 11.42% | -4.09% | 4.11% |
0.00 | 0.00 | 0.00 | 0.11 | 0.35 | 0.07 | 0.23 | 0.80 | 0.11 | 0.14 | 2.50 | 0.44 | |
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 |
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 |
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 |
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 | |
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 |
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: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 15% |
1 Year: | -25% |
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 | 0.16 | -12.48 | |
0.00 | 0.00 | 0.00 | -1.05 | -5.09 | -8.92 | -27.26 | -14.51 | -10.36 | -0.37 | -0.82 | -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 | 460.56 |
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 | 633.93 |
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 | 699.06 |
ROCE % | 6.64% | 5.73% | 14.33% | 26.55% | 19.49% | 11.31% | 5.24% | 0.86% | -5.59% | -3.36% |
Documents
Announcements
-
Resignation
17 November 2021 - Marshall Machines Limited has informed regarding Resignation of Mrs Kajal Rai (DIN: 07366983) as Non- Executive Independent Director of the company w.e.f. November 17, 2021.
-
Investor Presentation
15 November 2021 - Marshall Machines Limited has informed about Investor Presentation
-
Outcome of Board Meeting
14 November 2021 - Marshall Machines Limited has informed regarding Board meeting held on November 14, 2021.
-
Financial Result Updates
14 November 2021 - Marshall Machines Limited has submitted to the Exchange, the financial results for the period ended September 30, 2021.
-
Reply to Clarification Sought
29 October 2021 - MARSHALL: The Exchange had sought clarification from Marshall Machines Limited with respect to announcement dated 26-Oct-2021, regarding appointment of Mr. Anil Singla (DIN: 07404704) as …
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