Master Components Ltd
Incorporated in 1999, Master Components Ltd is in the business of manufacturing of Plastic Engineering Components and sub assemblies[1]
- Market Cap ₹ 139 Cr.
- Current Price ₹ 348
- High / Low ₹ 436 / 282
- Stock P/E 18.7
- Book Value ₹ 92.0
- Dividend Yield 0.14 %
- ROCE 26.6 %
- ROE 22.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 57.8% CAGR over last 5 years
- Company's working capital requirements have reduced from 64.6 days to 47.4 days
Cons
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 15.02 | 13.22 | 18.22 | 20.69 | 25.25 | 42.37 | 74.38 | |
| 12.02 | 11.01 | 15.97 | 17.53 | 20.97 | 35.88 | 62.08 | |
| Operating Profit | 3.00 | 2.21 | 2.25 | 3.16 | 4.28 | 6.49 | 12.30 |
| OPM % | 19.97% | 16.72% | 12.35% | 15.27% | 16.95% | 15.32% | 16.54% |
| 0.29 | 0.02 | 0.09 | 0.20 | 0.29 | 3.60 | 0.28 | |
| Interest | 0.43 | 0.27 | 0.18 | 0.11 | 0.07 | 0.19 | 0.82 |
| Depreciation | 0.96 | 0.92 | 0.85 | 0.83 | 0.95 | 1.22 | 1.78 |
| Profit before tax | 1.90 | 1.04 | 1.31 | 2.42 | 3.55 | 8.68 | 9.98 |
| Tax % | 30.53% | 26.92% | 27.48% | 29.34% | 24.79% | 25.23% | 25.35% |
| 1.32 | 0.76 | 0.94 | 1.71 | 2.68 | 6.49 | 7.44 | |
| EPS in Rs | 44.00 | 25.33 | 31.33 | 5.18 | 6.70 | 16.22 | 18.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 53% |
| TTM: | 76% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 63% |
| TTM: | 81% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 19% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.30 | 0.30 | 0.30 | 3.30 | 4.00 | 4.00 | 4.00 |
| Reserves | 7.95 | 8.71 | 9.65 | 8.35 | 19.00 | 25.49 | 32.79 |
| 3.77 | 2.17 | 1.73 | 0.94 | -0.14 | 4.01 | 10.86 | |
| 2.58 | 3.01 | 3.17 | 4.00 | 3.45 | 9.55 | 11.45 | |
| Total Liabilities | 14.60 | 14.19 | 14.85 | 16.59 | 26.31 | 43.05 | 59.10 |
| 7.98 | 7.78 | 7.18 | 7.13 | 10.16 | 24.19 | 27.73 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.86 | 0.61 | 0.00 | 0.23 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6.62 | 6.41 | 7.67 | 8.60 | 15.54 | 18.86 | 31.14 | |
| Total Assets | 14.60 | 14.19 | 14.85 | 16.59 | 26.31 | 43.05 | 59.10 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2.03 | 0.80 | 2.60 | 2.08 | 1.68 | 2.24 | ||
| -0.71 | -0.22 | -1.64 | -3.73 | -11.45 | -5.55 | ||
| -1.86 | -0.59 | -0.85 | 7.58 | 3.94 | 6.09 | ||
| Net Cash Flow | -0.54 | -0.01 | 0.11 | 5.94 | -5.83 | 2.78 | |
| Free Cash Flow | 1.31 | 0.58 | 0.95 | -1.65 | -9.77 | -3.08 | |
| CFO/OP | 104% | 52% | 82% | 49% | 26% | 18% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 84.08 | 111.54 | 82.14 | 80.44 | 79.65 | 79.34 | 73.02 |
| Inventory Days | 60.95 | 75.70 | 82.57 | 75.67 | 52.35 | 91.50 | 80.72 |
| Days Payable | 42.06 | 78.02 | 51.54 | 72.33 | 42.12 | 75.92 | 51.91 |
| Cash Conversion Cycle | 102.97 | 109.23 | 113.17 | 83.78 | 89.88 | 94.92 | 101.83 |
| Working Capital Days | 56.14 | 73.99 | 69.31 | 73.92 | 93.53 | 52.89 | 47.45 |
| ROCE % | 11.29% | 13.65% | 20.85% | 20.42% | 20.16% | 26.62% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| Export Earnings (F.O.B Value) INR Lakhs |
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| Net Plant & Machinery Asset Value INR Lakhs |
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| Trade Receivables Turnover Ratio Times |
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| Advance From Customers INR Lakhs |
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| Manufacturing Locations Count |
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| Number of New Machines Commissioned Units |
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Extracted by Screener AI
Documents
Announcements
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Bagging/Receiving of orders/contracts
11 June 2026 - Received international purchase order for thermoset injection molds worth about EUR 25,000, executable by 11 September 2026.
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Bagging/Receiving of orders/contracts
10 June 2026 - Received domestic purchase order for electrical parts worth INR 62.54 lakh, executable within 30 days.
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Trading Window
9 June 2026 - Trading window closes June 24-29, 2026 ahead of 27th AGM; annual report available on website.
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Record Date
7 June 2026 - 27th AGM on 29 June 2026; book closure 24-29 June, record date 23 June for dividend and voting.
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Record Date
7 June 2026 - 27th AGM on 29 June 2026; book closure 24-29 June; record date 23 June for dividend and voting.
Business Overview:[1]
Master Components Limited is engaged in the production of plastic engineering components, sub-assemblies, and assemblies for the electrical, automotive, industrial, healthcare, and defence sectors.
It specialises in thermoplastic and thermoset moulding solutions and is certified under IATF 16949:2016, ISO 9001:2015, and Zero Waste to Landfill DIN SPEC 91436 (Silver Maturity) standards.