Marshall Machines Ltd.

•

₹ 4-4.96%

2025-12-29

marshallcnc.comBSE: -NSE: MARSHALL

Market Cap₹ 9 Cr.

Current Price₹ 4

High / Low₹ 7 / 4

Stock P/E0.0

Book Value₹ 31

Price to Book0.75

Dividend Yield0.00 %

ROCE-3.4 %

ROE-9.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on equity of -10.7% over last 3 years
Company has a low return on capital employed of -2.7%
Interest coverage is weak at -0.9x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.52x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BHEL	418.50	59.91	145724.35	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	THERMAX	4024.55	80.82	47955.05	0.50	21.79	-85.61	2302.73	7.09	15.85	2.98
3.	INDOMIM	966.60	89.58	47796.52	0.61	2401.22	—	12187.42	—	24.48	33.36
4.	KIRLOSENG	2081.95	55.47	30296.51	0.34	111.06	-20.05	1999.53	13.36	14.46	15.02
5.	JYOTICNC	951.90	67.29	21648.40	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	AZAD	2827.20	131.38	18258.55	0.00	35.16	19.46	172.60	25.90	12.28	37.29
7.	TRITURBINE	569.95	53.88	18118.62	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
8.	INOXINDIA	1932.55	68.83	17540.50	0.10	58.07	-4.98	370.79	9.18	33.54	20.46
9.	LLOYDSENGG	92.99	64.48	14423.11	0.27	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1724.35	613.12	12954.64	0.12	-108.25	-406.36	1723.44	383.99	18.56	3.27
11.	KRN	1502.65	101.46	9836.12	0.00	32.90	164.84	252.32	118.87	21.21	19.44
12.	MARSHALL	3.64	0.00	8.70	0.00	-1.46	-41.75	9.14	-14.26	-3.36	-4.81

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	24	7	8	7	12	11	2	10	6	9
	19	8	8	7	13	9	3	8	6	10
Operating Profit	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	1	1	0	0	0	0	0	0
Interest	1	1	1	1	1	1	1	1	0	1
Depreciation	1	2	1	1	1	1	1	1	1	1
	3	-3	-1	-1	-3	-1	-4	-1	-2	-2
Tax %	25.26%	25.59%	25.27%	25.35%	23.99%	13.45%	25.36%	23.21%	31.58%	34.82%
Net Profit	2	-3	-1	-1	-3	-1	-3	-0	-1	-1
	2	-2	-0	-1	-2	-1	-2	-0	-1	-1
Equity Capital	15	15	15	15	15	15	15	24	24	24
Reserves	31	29	28	27	25	24	21	54	52	51
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	15	15	15	15	15	15	15	24	24	24
Reserves	31	29	28	27	25	24	21	54	52	51
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2022

: 24
: 19
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 3
Tax %: 25.26%
Net Profit: 2
: 2
Equity Capital: 15
Reserves: 31
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 31
Promoter Pledge %: 0.00%

Jun 2022

: 7
: 8
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 2
: -3
Tax %: 25.59%
Net Profit: -3
: -2
Equity Capital: 15
Reserves: 29
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 29
Promoter Pledge %: 0.00%

Sep 2022

: 8
: 8
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: -1
Tax %: 25.27%
Net Profit: -1
: -0
Equity Capital: 15
Reserves: 28
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 28
Promoter Pledge %: 0.00%

Dec 2022

: 7
: 7
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: -1
Tax %: 25.35%
Net Profit: -1
: -1
Equity Capital: 15
Reserves: 27
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 27
Promoter Pledge %: 0.00%

Mar 2023

: 12
: 13
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: -3
Tax %: 23.99%
Net Profit: -3
: -2
Equity Capital: 15
Reserves: 25
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 25
Promoter Pledge %: 0.00%

Jun 2023

: 11
: 9
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: -1
Tax %: 13.45%
Net Profit: -1
: -1
Equity Capital: 15
Reserves: 24
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 24
Promoter Pledge %: 0.00%

Sep 2023

: 2
: 3
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: -4
Tax %: 25.36%
Net Profit: -3
: -2
Equity Capital: 15
Reserves: 21
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 21
Promoter Pledge %: 0.00%

Dec 2023

: 10
: 8
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: -1
Tax %: 23.21%
Net Profit: -0
: -0
Equity Capital: 24
Reserves: 54
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 54
Promoter Pledge %: 0.00%

Mar 2024

: 6
: 6
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: -2
Tax %: 31.58%
Net Profit: -1
: -1
Equity Capital: 24
Reserves: 52
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 52
Promoter Pledge %: 0.00%

Jun 2024

: 9
: 10
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: -2
Tax %: 34.82%
Net Profit: -1
: -1
Equity Capital: 24
Reserves: 51
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 51
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	42	44	50	59	65	60	67	60	34	28	26
	36	38	44	47	50	44	58	53	36	27	27
Operating Profit	6	6	7	13	15	17	10	7	1	2	—
OPM %	15	13	13	22	24	28	14	12	3	6	—
Other Income	0	0	0	0	0	1	0	0	3	0	0
Interest	4	4	3	3	4	4	4	4	4	4	3
Depreciation	2	1	2	2	4	8	5	6	6	5	5
	0	1	2	7	8	4	1	-4	-9	-7	-8
Tax %	38	43	38	33	28	28	38	15	25	25	29
Net Profit	0	0	1	5	6	3	0	-3	-7	-5	-6
EPS	0	0	0	0	0	0	0	-2	-5	-2	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	1	5	4	2	0	-2	-5	-2	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	1	5	4	2	0	-2	-5	-2	—

Mar 2015

: 42
: 36
Operating Profit: 6
OPM %: 15
Other Income: 0
Interest: 4
Depreciation: 2
: 0
Tax %: 38
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2016

: 44
: 38
Operating Profit: 6
OPM %: 13
Other Income: 0
Interest: 4
Depreciation: 1
: 1
Tax %: 43
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2017

: 50
: 44
Operating Profit: 7
OPM %: 13
Other Income: 0
Interest: 3
Depreciation: 2
: 2
Tax %: 38
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2018

: 59
: 47
Operating Profit: 13
OPM %: 22
Other Income: 0
Interest: 3
Depreciation: 2
: 7
Tax %: 33
Net Profit: 5
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2019

: 65
: 50
Operating Profit: 15
OPM %: 24
Other Income: 0
Interest: 4
Depreciation: 4
: 8
Tax %: 28
Net Profit: 6
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 60
: 44
Operating Profit: 17
OPM %: 28
Other Income: 1
Interest: 4
Depreciation: 8
: 4
Tax %: 28
Net Profit: 3
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2021

: 67
: 58
Operating Profit: 10
OPM %: 14
Other Income: 0
Interest: 4
Depreciation: 5
: 1
Tax %: 38
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 60
: 53
Operating Profit: 7
OPM %: 12
Other Income: 0
Interest: 4
Depreciation: 6
: -4
Tax %: 15
Net Profit: -3
EPS: -2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2

Mar 2023

: 34
: 36
Operating Profit: 1
OPM %: 3
Other Income: 3
Interest: 4
Depreciation: 6
: -9
Tax %: 25
Net Profit: -7
EPS: -5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -5

Mar 2024

: 28
: 27
Operating Profit: 2
OPM %: 6
Other Income: 0
Interest: 4
Depreciation: 5
: -7
Tax %: 25
Net Profit: -5
EPS: -2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2

TTM

: 26
: 27
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 5
: -8
Tax %: 29
Net Profit: -6
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: -3%
5 Years:: -16%
3 Years:: -25%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: -19%
3 Years:: -46%
1 Year:: -82%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: -5%
3 Years:: -11%
Last Year:: -9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	2	2	2	2	15	15	15	15	15	24
	7	7	8	16	24	27	35	31	25	52
	17	16	15	16	17	19	21	21	23	21
Trade Payables	15	15	18	18	16	20	21	25	38	34
	20	20	22	27	36	41	41	43	41	26
Total Liabilities	60	59	65	80	108	121	133	135	141	156
ASSETS	-	-	-	-	-	-	-	-	-	-
	13	11	15	23	46	39	68	62	57	60
Capital Work in Progress	0	0	0	0	0	14	0	0	0	0
	40	39	37	38	40	46	48	50	50	43
	0	0	0	0	0	0	0	0	0	35
Cash & Bank	1	1	2	4	4	5	1	0	0	0
	7	7	11	15	17	18	16	22	33	18
Total Assets	60	59	65	80	108	121	133	135	141	156
Total Debt	28	26	24	29	34	37	41	40	45	38
Net Working Capital	4	4	-0	5	7	8	-1	1	2	29
Contingent Liabilities	1	2	0	1	1	2	0	0	2	2
Book Value per Share	46.06	48.36	54.46	83.44	26.47	28.36	33.71	31.60	27.17	31.81
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	28	26	24	29	34	37	41	40	45	38
Net Working Capital	4	4	-0	5	7	8	-1	1	2	29
Contingent Liabilities	1	2	0	1	1	2	0	0	2	2
Book Value per Share	46.06	48.36	54.46	83.44	26.47	28.36	33.71	31.60	27.17	31.81
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2015

Equity Capital: 2
: 7
: 17
Trade Payables: 15
: 20
Total Liabilities: 60
: 13
Capital Work in Progress: 0
: 40
: 0
Cash & Bank: 1
: 7
Total Assets: 60
Total Debt: 28
Net Working Capital: 4
Contingent Liabilities: 1
Book Value per Share: 46.06
Face Value: 10.00
Total Debt: 28
Net Working Capital: 4
Contingent Liabilities: 1
Book Value per Share: 46.06
Face Value: 10.00

Mar 2016

Equity Capital: 2
: 7
: 16
Trade Payables: 15
: 20
Total Liabilities: 59
: 11
Capital Work in Progress: 0
: 39
: 0
Cash & Bank: 1
: 7
Total Assets: 59
Total Debt: 26
Net Working Capital: 4
Contingent Liabilities: 2
Book Value per Share: 48.36
Face Value: 10.00
Total Debt: 26
Net Working Capital: 4
Contingent Liabilities: 2
Book Value per Share: 48.36
Face Value: 10.00

Mar 2017

Equity Capital: 2
: 8
: 15
Trade Payables: 18
: 22
Total Liabilities: 65
: 15
Capital Work in Progress: 0
: 37
: 0
Cash & Bank: 2
: 11
Total Assets: 65
Total Debt: 24
Net Working Capital: -0
Contingent Liabilities: 0
Book Value per Share: 54.46
Face Value: 10.00
Total Debt: 24
Net Working Capital: -0
Contingent Liabilities: 0
Book Value per Share: 54.46
Face Value: 10.00

Mar 2018

Equity Capital: 2
: 16
: 16
Trade Payables: 18
: 27
Total Liabilities: 80
: 23
Capital Work in Progress: 0
: 38
: 0
Cash & Bank: 4
: 15
Total Assets: 80
Total Debt: 29
Net Working Capital: 5
Contingent Liabilities: 1
Book Value per Share: 83.44
Face Value: 10.00
Total Debt: 29
Net Working Capital: 5
Contingent Liabilities: 1
Book Value per Share: 83.44
Face Value: 10.00

Mar 2019

Equity Capital: 15
: 24
: 17
Trade Payables: 16
: 36
Total Liabilities: 108
: 46
Capital Work in Progress: 0
: 40
: 0
Cash & Bank: 4
: 17
Total Assets: 108
Total Debt: 34
Net Working Capital: 7
Contingent Liabilities: 1
Book Value per Share: 26.47
Face Value: 10.00
Total Debt: 34
Net Working Capital: 7
Contingent Liabilities: 1
Book Value per Share: 26.47
Face Value: 10.00

Mar 2020

Equity Capital: 15
: 27
: 19
Trade Payables: 20
: 41
Total Liabilities: 121
: 39
Capital Work in Progress: 14
: 46
: 0
Cash & Bank: 5
: 18
Total Assets: 121
Total Debt: 37
Net Working Capital: 8
Contingent Liabilities: 2
Book Value per Share: 28.36
Face Value: 10.00
Total Debt: 37
Net Working Capital: 8
Contingent Liabilities: 2
Book Value per Share: 28.36
Face Value: 10.00

Mar 2021

Equity Capital: 15
: 35
: 21
Trade Payables: 21
: 41
Total Liabilities: 133
: 68
Capital Work in Progress: 0
: 48
: 0
Cash & Bank: 1
: 16
Total Assets: 133
Total Debt: 41
Net Working Capital: -1
Contingent Liabilities: 0
Book Value per Share: 33.71
Face Value: 10.00
Total Debt: 41
Net Working Capital: -1
Contingent Liabilities: 0
Book Value per Share: 33.71
Face Value: 10.00

Mar 2022

Equity Capital: 15
: 31
: 21
Trade Payables: 25
: 43
Total Liabilities: 135
: 62
Capital Work in Progress: 0
: 50
: 0
Cash & Bank: 0
: 22
Total Assets: 135
Total Debt: 40
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 31.60
Face Value: 10.00
Total Debt: 40
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 31.60
Face Value: 10.00

Mar 2023

Equity Capital: 15
: 25
: 23
Trade Payables: 38
: 41
Total Liabilities: 141
: 57
Capital Work in Progress: 0
: 50
: 0
Cash & Bank: 0
: 33
Total Assets: 141
Total Debt: 45
Net Working Capital: 2
Contingent Liabilities: 2
Book Value per Share: 27.17
Face Value: 10.00
Total Debt: 45
Net Working Capital: 2
Contingent Liabilities: 2
Book Value per Share: 27.17
Face Value: 10.00

Mar 2024

Equity Capital: 24
: 52
: 21
Trade Payables: 34
: 26
Total Liabilities: 156
: 60
Capital Work in Progress: 0
: 43
: 35
Cash & Bank: 0
: 18
Total Assets: 156
Total Debt: 38
Net Working Capital: 29
Contingent Liabilities: 2
Book Value per Share: 31.81
Face Value: 10.00
Total Debt: 38
Net Working Capital: 29
Contingent Liabilities: 2
Book Value per Share: 31.81
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	7	11	5	14	12	11	5	-0	-12
Cash from Investing	-0	-1	-5	-9	-27	-15	-10	-0	-0	-19
Cash from Financing	1	-5	-5	5	14	3	-2	-5	1	31
	-0	1	1	1	0	0	-1	-0	0	0
Free Cash Flow	-1	7	6	-5	-13	7	-9	4	-1	-20
OCF / Net Profit	-3.39	17.05	9.84	1.04	2.36	3.96	31.18	-1.52	0.05	2.31
Cumulative 5-Year FCF	0	0	0	0	-7	2	-14	-16	-12	-19
OCF / Net Profit	-3.39	17.05	9.84	1.04	2.36	3.96	31.18	-1.52	0.05	2.31
Cumulative 5-Year FCF	0	0	0	0	-7	2	-14	-16	-12	-19

Mar 2015

: -1
Cash from Investing: -0
Cash from Financing: 1
: -0
Free Cash Flow: -1
OCF / Net Profit: -3.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.39
Cumulative 5-Year FCF: 0

Mar 2016

: 7
Cash from Investing: -1
Cash from Financing: -5
: 1
Free Cash Flow: 7
OCF / Net Profit: 17.05
Cumulative 5-Year FCF: 0
OCF / Net Profit: 17.05
Cumulative 5-Year FCF: 0

Mar 2017

: 11
Cash from Investing: -5
Cash from Financing: -5
: 1
Free Cash Flow: 6
OCF / Net Profit: 9.84
Cumulative 5-Year FCF: 0
OCF / Net Profit: 9.84
Cumulative 5-Year FCF: 0

Mar 2018

: 5
Cash from Investing: -9
Cash from Financing: 5
: 1
Free Cash Flow: -5
OCF / Net Profit: 1.04
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.04
Cumulative 5-Year FCF: 0

Mar 2019

: 14
Cash from Investing: -27
Cash from Financing: 14
: 0
Free Cash Flow: -13
OCF / Net Profit: 2.36
Cumulative 5-Year FCF: -7
OCF / Net Profit: 2.36
Cumulative 5-Year FCF: -7

Mar 2020

: 12
Cash from Investing: -15
Cash from Financing: 3
: 0
Free Cash Flow: 7
OCF / Net Profit: 3.96
Cumulative 5-Year FCF: 2
OCF / Net Profit: 3.96
Cumulative 5-Year FCF: 2

Mar 2021

: 11
Cash from Investing: -10
Cash from Financing: -2
: -1
Free Cash Flow: -9
OCF / Net Profit: 31.18
Cumulative 5-Year FCF: -14
OCF / Net Profit: 31.18
Cumulative 5-Year FCF: -14

Mar 2022

: 5
Cash from Investing: -0
Cash from Financing: -5
: -0
Free Cash Flow: 4
OCF / Net Profit: -1.52
Cumulative 5-Year FCF: -16
OCF / Net Profit: -1.52
Cumulative 5-Year FCF: -16

Mar 2023

: -0
Cash from Investing: -0
Cash from Financing: 1
: 0
Free Cash Flow: -1
OCF / Net Profit: 0.05
Cumulative 5-Year FCF: -12
OCF / Net Profit: 0.05
Cumulative 5-Year FCF: -12

Mar 2024

: -12
Cash from Investing: -19
Cash from Financing: 31
: 0
Free Cash Flow: -20
OCF / Net Profit: 2.31
Cumulative 5-Year FCF: -19
OCF / Net Profit: 2.31
Cumulative 5-Year FCF: -19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	1.38	2.29	6.10	23.44	3.97	2.04	0.25	-2.16	-4.74	-2.26
Book Value (₹)	46.06	48.36	54.46	83.44	26.47	28.36	33.71	31.60	27.17	31.81
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.76	1.82	2.99	6.74	6.53	7.61	3.77	2.15	-0.71	-0.19
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	14.62%	12.75%	12.96%	18.53%	20.10%	23.68%	14.18%	11.66%	3.17%	4.10%
Net Margin %	0.59%	0.95%	2.20%	7.20%	7.52%	4.24%	0.54%	-5.20%	-20.00%	-19.31%
ROE %	3.04%	4.86%	11.87%	36.17%	20.50%	7.46%	0.81%	-6.60%	-16.14%	-9.34%
ROCE %	11.50%	12.23%	14.31%	26.55%	19.61%	11.31%	5.25%	0.87%	-5.59%	-3.36%
	0.44%	0.70%	1.78%	6.92%	6.16%	2.60%	0.29%	-2.34%	-4.99%	-3.63%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	39	40	47	52	56	69	70	90	245	416
Inventory Days	301	328	276	197	186	223	255	298	533	607
Payable Days	166	172	175	176	162	218	162	221	417	690
	174	196	148	72	81	73	163	166	361	333
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	3.36x	2.98x	2.42x	1.62x	0.89x	0.89x	0.83x	0.87x	1.14x	0.51x
Interest Coverage (x)	1.12x	1.20x	1.58x	3.32x	3.16x	1.94x	1.15x	0.17x	-1.08x	-0.87x
	1.10x	1.09x	1.00x	1.10x	1.12x	1.13x	0.99x	1.02x	1.03x	1.45x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	8.16%	4.00%	14.59%	18.26%	9.90%	-8.41%	12.38%	-10.15%	-42.82%	-18.94%
Operating Profit Growth %	19.33%	-9.34%	16.48%	98.00%	19.91%	7.63%	-42.70%	-26.12%	-84.46%	45.40%
Net Profit Growth %	-57.52%	66.39%	166.05%	353.06%	15.36%	-48.48%	-87.77%	-962.16%	-120.03%	21.75%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	52.37%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.75x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	59.99x

Mar 2015

EPS (₹): 1.38
Book Value (₹): 46.06
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.76
Operating Margin %: 14.62%
Net Margin %: 0.59%
ROE %: 3.04%
ROCE %: 11.50%
: 0.44%
Debtor Days: 39
Inventory Days: 301
Payable Days: 166
: 174
Debt to Equity (x): 3.36x
Interest Coverage (x): 1.12x
: 1.10x
Revenue Growth %: 8.16%
Operating Profit Growth %: 19.33%
Net Profit Growth %: -57.52%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2016

EPS (₹): 2.29
Book Value (₹): 48.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.82
Operating Margin %: 12.75%
Net Margin %: 0.95%
ROE %: 4.86%
ROCE %: 12.23%
: 0.70%
Debtor Days: 40
Inventory Days: 328
Payable Days: 172
: 196
Debt to Equity (x): 2.98x
Interest Coverage (x): 1.20x
: 1.09x
Revenue Growth %: 4.00%
Operating Profit Growth %: -9.34%
Net Profit Growth %: 66.39%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 6.10
Book Value (₹): 54.46
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.99
Operating Margin %: 12.96%
Net Margin %: 2.20%
ROE %: 11.87%
ROCE %: 14.31%
: 1.78%
Debtor Days: 47
Inventory Days: 276
Payable Days: 175
: 148
Debt to Equity (x): 2.42x
Interest Coverage (x): 1.58x
: 1.00x
Revenue Growth %: 14.59%
Operating Profit Growth %: 16.48%
Net Profit Growth %: 166.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 23.44
Book Value (₹): 83.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.74
Operating Margin %: 18.53%
Net Margin %: 7.20%
ROE %: 36.17%
ROCE %: 26.55%
: 6.92%
Debtor Days: 52
Inventory Days: 197
Payable Days: 176
: 72
Debt to Equity (x): 1.62x
Interest Coverage (x): 3.32x
: 1.10x
Revenue Growth %: 18.26%
Operating Profit Growth %: 98.00%
Net Profit Growth %: 353.06%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 3.97
Book Value (₹): 26.47
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.53
Operating Margin %: 20.10%
Net Margin %: 7.52%
ROE %: 20.50%
ROCE %: 19.61%
: 6.16%
Debtor Days: 56
Inventory Days: 186
Payable Days: 162
: 81
Debt to Equity (x): 0.89x
Interest Coverage (x): 3.16x
: 1.12x
Revenue Growth %: 9.90%
Operating Profit Growth %: 19.91%
Net Profit Growth %: 15.36%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 2.04
Book Value (₹): 28.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.61
Operating Margin %: 23.68%
Net Margin %: 4.24%
ROE %: 7.46%
ROCE %: 11.31%
: 2.60%
Debtor Days: 69
Inventory Days: 223
Payable Days: 218
: 73
Debt to Equity (x): 0.89x
Interest Coverage (x): 1.94x
: 1.13x
Revenue Growth %: -8.41%
Operating Profit Growth %: 7.63%
Net Profit Growth %: -48.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.25
Book Value (₹): 33.71
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.77
Operating Margin %: 14.18%
Net Margin %: 0.54%
ROE %: 0.81%
ROCE %: 5.25%
: 0.29%
Debtor Days: 70
Inventory Days: 255
Payable Days: 162
: 163
Debt to Equity (x): 0.83x
Interest Coverage (x): 1.15x
: 0.99x
Revenue Growth %: 12.38%
Operating Profit Growth %: -42.70%
Net Profit Growth %: -87.77%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -2.16
Book Value (₹): 31.60
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.15
Operating Margin %: 11.66%
Net Margin %: -5.20%
ROE %: -6.60%
ROCE %: 0.87%
: -2.34%
Debtor Days: 90
Inventory Days: 298
Payable Days: 221
: 166
Debt to Equity (x): 0.87x
Interest Coverage (x): 0.17x
: 1.02x
Revenue Growth %: -10.15%
Operating Profit Growth %: -26.12%
Net Profit Growth %: -962.16%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): -4.74
Book Value (₹): 27.17
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.71
Operating Margin %: 3.17%
Net Margin %: -20.00%
ROE %: -16.14%
ROCE %: -5.59%
: -4.99%
Debtor Days: 245
Inventory Days: 533
Payable Days: 417
: 361
Debt to Equity (x): 1.14x
Interest Coverage (x): -1.08x
: 1.03x
Revenue Growth %: -42.82%
Operating Profit Growth %: -84.46%
Net Profit Growth %: -120.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -2.26
Book Value (₹): 31.81
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.19
Operating Margin %: 4.10%
Net Margin %: -19.31%
ROE %: -9.34%
ROCE %: -3.36%
: -3.63%
Debtor Days: 416
Inventory Days: 607
Payable Days: 690
: 333
Debt to Equity (x): 0.51x
Interest Coverage (x): -0.87x
: 1.45x
Revenue Growth %: -18.94%
Operating Profit Growth %: 45.40%
Net Profit Growth %: 21.75%
: 52.37%
P/E (x): 0.00x
P/B (x): 0.75x
Dividend Yield %: 0.00%
: 59.99x

Shareholding Pattern

Numbers in percentages

TRADES

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	60.00	52.01	52.01	47.34	28.89	28.89	28.89	28.89
	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.00	47.99	47.99	52.66	71.11	71.11	71.11	71.11

Dec 2022

: 60.00
: 0.01
DIIs: 0.00
Government: 0.00
: 40.00

Mar 2023

: 52.01
: 0.00
DIIs: 0.00
Government: 0.00
: 47.99

Jun 2023

: 52.01
: 0.00
DIIs: 0.00
Government: 0.00
: 47.99

Sep 2023

: 47.34
: 0.00
DIIs: 0.00
Government: 0.00
: 52.66

Dec 2023

: 28.89
: 0.00
DIIs: 0.00
Government: 0.00
: 71.11

Mar 2024

: 28.89
: 0.00
DIIs: 0.00
Government: 0.00
: 71.11

Jun 2024

: 28.89
: 0.00
DIIs: 0.00
Government: 0.00
: 71.11

Sep 2024

: 28.89
: 0.00
DIIs: 0.00
Government: 0.00
: 71.11

Documents

Announcements

Corporate Insolvency Resolution Process
2026-05-05 - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Information regarding the 8th meeting of Committee of Creditors held on 29.04.2026 in the matter of Marshall Machines Limited

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jun 2023
Transcript PPTREC
Aug 2022
TranscriptPPTREC
Jul 2022
TranscriptPPTREC