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 ₹ 64.5 Cr.
- Current Price ₹ 27.0
- High / Low ₹ 62.8 / 22.8
- Stock P/E
- Book Value ₹ 15.0
- Dividend Yield 0.00 %
- ROCE -5.59 %
- ROE -16.1 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -18.4%
- The company has delivered a poor sales growth of -10.3% over past five years.
- Promoter holding is low: 28.9%
- Company has a low return on equity of -7.15% over last 3 years.
- Company has high debtors of 300 days.
- Working capital days have increased from 205 days to 310 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35.31 | 41.67 | 29.99 | 43.80 | 50.18 | 59.35 | 65.23 | 59.56 | 66.83 | 60.33 | 34.50 | 34.62 | |
33.39 | 40.33 | 28.36 | 38.33 | 44.02 | 46.54 | 50.02 | 43.74 | 57.42 | 53.44 | 35.91 | 33.51 | |
Operating Profit | 1.92 | 1.34 | 1.63 | 5.47 | 6.16 | 12.81 | 15.21 | 15.82 | 9.41 | 6.89 | -1.41 | 1.11 |
OPM % | 5.44% | 3.22% | 5.44% | 12.49% | 12.28% | 21.58% | 23.32% | 26.56% | 14.08% | 11.42% | -4.09% | 3.21% |
0.00 | 0.00 | 0.00 | 0.11 | 0.35 | 0.07 | 0.23 | 0.80 | 0.11 | 0.14 | 2.50 | 0.08 | |
Interest | 0.00 | 0.00 | 0.00 | 3.62 | 3.11 | 3.22 | 3.71 | 4.40 | 3.81 | 4.46 | 4.41 | 4.78 |
Depreciation | 0.00 | 0.00 | 0.00 | 1.23 | 1.60 | 2.20 | 3.73 | 8.10 | 5.12 | 6.27 | 5.87 | 5.15 |
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 | -8.74 |
Tax % | 0.00% | 0.00% | 0.00% | 43.84% | 38.33% | 32.98% | 27.88% | 27.91% | 37.29% | 15.14% | 24.92% | |
1.92 | 1.34 | 1.63 | 0.42 | 1.10 | 5.01 | 5.77 | 2.97 | 0.36 | -3.14 | -6.90 | -6.73 | |
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 | -2.77 |
Dividend Payout % | 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: | 1% |
5 Years: | -10% |
3 Years: | -17% |
TTM: | -26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -219% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 41% |
1 Year: | -43% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -7% |
Last Year: | -16% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.41 | 1.81 | 1.81 | 1.81 | 1.81 | 2.14 | 14.55 | 14.55 | 14.55 | 14.55 | 14.55 | 14.55 |
Reserves | 3.33 | 4.89 | 6.53 | 6.94 | 8.05 | 15.69 | 23.96 | 26.72 | 34.50 | 31.43 | 24.98 | 21.40 |
11.72 | 17.18 | 24.68 | 26.06 | 23.85 | 28.92 | 34.20 | 36.65 | 40.63 | 40.18 | 45.25 | 46.78 | |
9.59 | 9.83 | 13.44 | 24.58 | 31.32 | 32.90 | 35.06 | 43.20 | 43.10 | 49.18 | 56.51 | 56.54 | |
Total Liabilities | 26.05 | 33.71 | 46.46 | 59.39 | 65.03 | 79.65 | 107.77 | 121.12 | 132.78 | 135.34 | 141.29 | 139.27 |
5.50 | 8.74 | 10.32 | 11.47 | 14.99 | 22.79 | 46.39 | 38.80 | 68.29 | 62.48 | 57.49 | 55.18 | |
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 | 84.09 | |
Total Assets | 26.05 | 33.71 | 46.46 | 59.39 | 65.03 | 79.65 | 107.77 | 121.12 | 132.78 | 135.34 | 141.29 | 139.27 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | 7.08 | 10.87 | 5.19 | 13.60 | 11.79 | 11.34 | 4.78 | 0.16 | |
0.00 | 0.00 | 0.00 | -1.05 | -5.09 | -8.92 | -27.26 | -14.51 | -10.36 | -0.37 | -0.82 | |
0.00 | 0.00 | 0.00 | -5.40 | -5.17 | 5.06 | 13.95 | 3.00 | -1.76 | -4.77 | 0.70 | |
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 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19.12 | 21.20 | 38.95 | 39.33 | 59.86 | 70.23 | 69.11 | 86.04 | 63.79 | 108.90 | 300.46 |
Inventory Days | 450.40 | 394.66 | 312.88 | 374.48 | 555.08 | 378.47 | 485.35 | 667.09 | |||
Days Payable | 167.69 | 197.60 | 150.23 | 150.88 | 241.72 | 166.27 | 239.74 | 505.12 | |||
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 |
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 |
ROCE % | 6.64% | 5.73% | 14.33% | 26.55% | 19.49% | 11.31% | 5.24% | 0.86% | -5.59% |
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