Master Components Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has a healthy return on capital (ROCE) of 26.2%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.9%
- Company has delivered good sales growth of 41.2% CAGR over last 5 years
- Company comfortably covers its interest (13.2x coverage)
- Institutional investors have been accumulating - FII+DII up 2.9pp
- Attractively priced for its growth - PEG of 0.4
CONS
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.36x)
- Free cash flow has been persistently negative
- Total debt has risen sharply - up 171.0% year on year
- Equity base is being diluted - shares outstanding up 21.2%
- Though reporting repeated profits, the company pays out little dividend (4.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | 3450.15 | 42.45 | 43826.18 | 1.04 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| ASTRAL | 1504.80 | 70.25 | 40426.48 | 0.27 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| GRWRHITECH | 7090.70 | 42.47 | 16473.39 | 0.17 | 132.65 | 59.78 | 633.08 | 27.90 | 18.08 | 27.17 |
| SHAILY | 3276.85 | 85.25 | 15071.95 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 29.46 | 29.59 |
| FINPIPE | 158.65 | 16.00 | 9843.87 | 1.73 | 114.52 | 16.67 | 883.58 | -15.30 | 12.73 | 12.09 |
| TIMETECHNO | 188.40 | 18.99 | 9300.09 | 0.80 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 17.37 | 13.25 |
| KINGFA | 5950.60 | 35.73 | 8063.88 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| RESPONIND | 155.35 | 40.89 | 4141.76 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| POLYPLEX | 1187.85 | 24.01 | 3728.95 | 0.25 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| NILKAMAL | 2121.25 | 25.39 | 3165.44 | 0.94 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| PRINCEPIPE | 282.80 | 30.62 | 3126.67 | 0.35 | 337.49 | 6900.41 | 6094.18 | 949.97 | 6.20 | 12.66 |
| MASTER | 429.95 | 23.10 | 171.98 | 0.17 | — | — | — | — | 26.60 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 15 | 13 | 18 | 21 | 25 | 42 | 74 | |
| 12 | 11 | 16 | 18 | 21 | 36 | 62 | |
| Operating Profit | 3 | 2 | 2 | 3 | 4 | 6 | 12 |
| OPM % | 19.77% | 16.63% | 11.76% | 15.26% | 16.92% | 15.32% | 16.52% |
| 0 | 0 | 0 | 0 | 0 | 4 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before Tax | 2 | 1 | 1 | 2 | 4 | 9 | 10 |
| Tax % | 30.56% | 26.99% | 28.07% | 29.35% | 24.75% | 25.19% | 25.36% |
| Net Profit | 1 | 1 | 1 | 2 | 3 | 6 | 7 |
| EPS | 4.01 | 2.31 | 2.84 | 5.18 | 6.69 | 16.23 | 18.61 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.08% | 4.03% |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 41%
- 3 Years:
- 53%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 58%
- 3 Years:
- 63%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 5%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 21%
- Last Year:
- 22%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 3 | 4 | 4 | 4 |
| 8 | 9 | 10 | 8 | 19 | 25 | 33 | |
| 4 | 2 | 2 | 1 | -0 | 4 | 10 | |
| Trade Payables | 1 | 2 | 2 | 3 | 2 | 5 | 6 |
| 1 | 1 | 1 | 1 | 2 | 4 | 6 | |
| Total Liabilities | 15 | 14 | 15 | 17 | 26 | 43 | 59 |
| 8 | 8 | 7 | 7 | 10 | 24 | 28 | |
| Capital Work in Progress | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| 2 | 2 | 3 | 3 | 2 | 6 | 9 | |
| 0 | 0 | 0 | 0 | 6 | 9 | 15 | |
| Cash & Bank | 1 | 0 | 0 | 0 | 6 | 0 | 3 |
| 4 | 4 | 5 | 6 | 2 | 3 | 4 | |
| Total Assets | 15 | 14 | 15 | 17 | 26 | 43 | 59 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3 | 2 | 1 | 3 | 2 | 2 | 2 | |
| Cash from Investing | -0 | -1 | -0 | -2 | -4 | -11 | -6 |
| Cash from Financing | -2 | -2 | -1 | -1 | 8 | 4 | 6 |
| -0 | -1 | -0 | 0 | 6 | -6 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| PER SHARE | |||||||
| EPS (₹) | 44.07 | 25.38 | 31.24 | 5.18 | 6.69 | 16.23 | 18.61 |
| Book Value (₹) | 274.97 | 300.35 | 331.59 | 35.31 | 57.49 | 73.73 | 91.97 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 0.75 |
| Cash EPS (₹) | 6.90 | 5.09 | 5.43 | 7.71 | 9.05 | 19.29 | 23.07 |
| PROFITABILITY | |||||||
| Operating Margin % | 21.86% | 16.81% | 12.79% | 16.24% | 16.92% | 15.32% | 16.52% |
| Net Margin % | 8.79% | 5.75% | 5.14% | 8.26% | 10.58% | 15.31% | 10.01% |
| ROE % | 16.03% | 8.82% | 9.89% | 15.84% | 15.44% | 24.74% | 22.46% |
| ROCE % | 19.42% | 11.30% | 12.94% | 20.83% | 20.45% | 31.49% | 26.60% |
| 9.05% | 5.29% | 6.45% | 10.88% | 12.47% | 18.72% | 14.57% | |
| EFFICIENCY | |||||||
| Debtor Days | 84 | 103 | 82 | 76 | 73 | 63 | 59 |
| Inventory Days | 42 | 51 | 51 | 52 | 35 | 37 | 38 |
| Payable Days | 49 | 71 | 61 | 63 | 52 | 51 | 50 |
| 77 | 83 | 72 | 65 | 56 | 50 | 47 | |
| FINANCIAL HEALTH | |||||||
| Debt to Equity (x) | 0.46x | 0.24x | 0.17x | 0.08x | -0.01x | 0.14x | 0.30x |
| Interest Coverage (x) | 5.44x | 4.90x | 8.43x | 23.48x | 51.87x | 45.86x | 13.20x |
| 1.78x | 1.74x | 1.84x | 2.03x | 5.31x | 1.52x | 1.72x | |
| GROWTH | |||||||
| Revenue Growth % | 0.00% | -11.90% | 37.61% | 13.51% | 22.16% | 67.66% | 75.41% |
| Operating Profit Growth % | 0.00% | -32.23% | 4.68% | 44.10% | 35.96% | 51.07% | 82.10% |
| Net Profit Growth % | 0.00% | -42.41% | 23.10% | 82.47% | 56.44% | 142.67% | 14.64% |
| 0.00% | 0.00% | 0.00% | 0.00% | 29.06% | 142.67% | 14.64% | |
| VALUATION | |||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 20.41x | 17.62x | 16.01x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 2.37x | 3.88x | 3.24x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.25% |
| 0.00x | 0.00x | 0.00x | 0.00x | 10.59x | 17.12x | 10.10x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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News
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