Master Components Ltd.

4650%

2026-08-21

Market Cap₹ 186 Cr.
Current Price₹ 465
High / Low₹ 502 / 282
Stock P/E0.0
Book Value₹ 92
Price to Book3.24
Dividend Yield0.16 %
ROCE26.6 %
ROE22.5 %
Face Value₹ 10

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ABOUT

KEY POINTS

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 0.3

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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.SUPREMEIND3610.5044.4245863.051.00280.7238.762717.664.1621.4917.33
2.ASTRAL1539.0071.8441345.260.26120.2051.771578.0015.9319.9514.65
3.GRWRHITECH7048.1542.2216374.540.17132.6559.78633.0827.9020.4127.17
4.SHAILY3367.7587.6115490.050.0948.0116.75280.6713.7719.5529.59
5.FINPIPE158.2015.959815.941.74114.5216.67883.58-15.3017.4012.09
6.TIMETECHNO190.9019.249423.500.791178.601120.7116927.101151.4018.1613.25
7.KINGFA5772.150.007822.060.0080.21101.58688.5749.0630.7016.12
8.RESPONIND156.7041.244177.760.062.74-94.51192.87-43.0610.7612.09
9.POLYPLEX1174.3523.743686.570.26171.07386.022253.6229.621.5113.15
10.PRINCEPIPE283.050.003129.430.35337.496900.416094.18949.973.9212.66
11.NILKAMAL2030.7024.313030.320.9824.4059.20819.73-7.1810.769.44
12.MASTER465.000.00186.000.1626.60
Detailed Comparison with:

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
15
12
Operating Profit
3
OPM %
22
Other Income
0
Interest
0
Depreciation
1
2
Tax %
31
Net Profit
1
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2021
13
11
Operating Profit
2
OPM %
17
Other Income
0
Interest
0
Depreciation
1
1
Tax %
27
Net Profit
1
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 2022
18
16
Operating Profit
2
OPM %
13
Other Income
0
Interest
0
Depreciation
1
1
Tax %
28
Net Profit
1
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2023
21
18
Operating Profit
3
OPM %
16
Other Income
0
Interest
0
Depreciation
1
2
Tax %
29
Net Profit
2
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
25
21
Operating Profit
5
OPM %
18
Other Income
0
Interest
0
Depreciation
1
4
Tax %
25
Net Profit
3
EPS
7
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Mar 2025
42
36
Operating Profit
7
OPM %
16
Other Income
0
Interest
0
Depreciation
1
9
Tax %
25
Net Profit
6
EPS
16
Dividend Payout %
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
Minority Interest
0
Share of Associates
0
Adjusted EPS
16
Mar 2026
74
62
Operating Profit
13
OPM %
17
Other Income
0
Interest
1
Depreciation
2
10
Tax %
25
Net Profit
7
EPS
19
Dividend Payout %
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
19
Minority Interest
0
Share of Associates
0
Adjusted EPS
19

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:
13%

RETURN ON EQUITY

10 Years:
5 Years:
18%
3 Years:
21%
Last Year:
22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Jun 23

₹ 0.07

2025

Jul 28

₹ 0.05

Mar 2020
Equity Capital
0
8
1
Trade Payables
1
4
Total Liabilities
15
8
Capital Work in Progress
0
2
0
Cash & Bank
1
4
Total Assets
15
Total Debt
4
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
274.97
Face Value
10.00
Total Debt
4
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
274.97
Face Value
10.00
Mar 2021
Equity Capital
0
9
1
Trade Payables
2
2
Total Liabilities
14
8
Capital Work in Progress
0
2
0
Cash & Bank
0
4
Total Assets
14
Total Debt
2
Net Working Capital
3
Contingent Liabilities
7
Book Value per Share
300.35
Face Value
10.00
Total Debt
2
Net Working Capital
3
Contingent Liabilities
7
Book Value per Share
300.35
Face Value
10.00
Mar 2022
Equity Capital
0
10
1
Trade Payables
2
2
Total Liabilities
15
7
Capital Work in Progress
0
3
0
Cash & Bank
0
5
Total Assets
15
Total Debt
2
Net Working Capital
3
Contingent Liabilities
7
Book Value per Share
331.59
Face Value
10.00
Total Debt
2
Net Working Capital
3
Contingent Liabilities
7
Book Value per Share
331.59
Face Value
10.00
Mar 2023
Equity Capital
3
8
1
Trade Payables
3
2
Total Liabilities
17
7
Capital Work in Progress
1
3
0
Cash & Bank
0
6
Total Assets
17
Total Debt
1
Net Working Capital
4
Contingent Liabilities
0
Book Value per Share
35.31
Face Value
10.00
Total Debt
1
Net Working Capital
4
Contingent Liabilities
0
Book Value per Share
35.31
Face Value
10.00
Mar 2024
Equity Capital
4
19
-0
Trade Payables
2
2
Total Liabilities
26
10
Capital Work in Progress
1
2
6
Cash & Bank
6
2
Total Assets
26
Total Debt
-0
Net Working Capital
13
Contingent Liabilities
0
Book Value per Share
57.49
Face Value
10.00
Total Debt
-0
Net Working Capital
13
Contingent Liabilities
0
Book Value per Share
57.49
Face Value
10.00
Mar 2025
Equity Capital
4
25
4
Trade Payables
5
4
Total Liabilities
43
24
Capital Work in Progress
0
6
9
Cash & Bank
0
3
Total Assets
43
Total Debt
4
Net Working Capital
6
Contingent Liabilities
0
Book Value per Share
73.73
Face Value
10.00
Total Debt
4
Net Working Capital
6
Contingent Liabilities
0
Book Value per Share
73.73
Face Value
10.00
Mar 2026
Equity Capital
4
33
7
Trade Payables
6
10
Total Liabilities
59
28
Capital Work in Progress
0
9
15
Cash & Bank
3
4
Total Assets
59
Total Debt
11
Net Working Capital
13
Contingent Liabilities
3
Book Value per Share
91.97
Face Value
10.00
Total Debt
11
Net Working Capital
13
Contingent Liabilities
3
Book Value per Share
91.97
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020
2
Cash from Investing
-0
Cash from Financing
-2
-0
Free Cash Flow
2
OCF / Net Profit
1.70
Cumulative 5-Year FCF
0
OCF / Net Profit
1.70
Cumulative 5-Year FCF
0
Mar 2021
2
Cash from Investing
-1
Cash from Financing
-2
-1
Free Cash Flow
1
OCF / Net Profit
2.66
Cumulative 5-Year FCF
0
OCF / Net Profit
2.66
Cumulative 5-Year FCF
0
Mar 2022
1
Cash from Investing
-0
Cash from Financing
-1
-0
Free Cash Flow
1
OCF / Net Profit
0.85
Cumulative 5-Year FCF
0
OCF / Net Profit
0.85
Cumulative 5-Year FCF
0
Mar 2023
3
Cash from Investing
-2
Cash from Financing
-1
0
Free Cash Flow
1
OCF / Net Profit
1.52
Cumulative 5-Year FCF
0
OCF / Net Profit
1.52
Cumulative 5-Year FCF
0
Mar 2024
2
Cash from Investing
-4
Cash from Financing
8
6
Free Cash Flow
-2
OCF / Net Profit
0.78
Cumulative 5-Year FCF
0
OCF / Net Profit
0.78
Cumulative 5-Year FCF
0
Mar 2025
2
Cash from Investing
-11
Cash from Financing
4
-6
Free Cash Flow
-10
OCF / Net Profit
0.26
Cumulative 5-Year FCF
-9
OCF / Net Profit
0.26
Cumulative 5-Year FCF
-9
Mar 2026
2
Cash from Investing
-6
Cash from Financing
6
3
Free Cash Flow
-3
OCF / Net Profit
0.30
Cumulative 5-Year FCF
-13
OCF / Net Profit
0.30
Cumulative 5-Year FCF
-13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020
EPS (₹)
44.07
Book Value (₹)
274.97
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.90
Operating Margin %
21.86%
Net Margin %
8.79%
ROE %
16.03%
ROCE %
19.42%
9.05%
Debtor Days
84
Inventory Days
42
Payable Days
49
77
Debt to Equity (x)
0.46x
Interest Coverage (x)
5.44x
1.78x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
25.38
Book Value (₹)
300.35
Dividend per Share (₹)
0.00
Cash EPS (₹)
5.09
Operating Margin %
16.81%
Net Margin %
5.75%
ROE %
8.82%
ROCE %
11.30%
5.29%
Debtor Days
103
Inventory Days
51
Payable Days
71
83
Debt to Equity (x)
0.24x
Interest Coverage (x)
4.90x
1.74x
Revenue Growth %
-11.90%
Operating Profit Growth %
-32.23%
Net Profit Growth %
-42.41%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
31.24
Book Value (₹)
331.59
Dividend per Share (₹)
0.00
Cash EPS (₹)
5.43
Operating Margin %
12.79%
Net Margin %
5.14%
ROE %
9.89%
ROCE %
12.94%
6.45%
Debtor Days
82
Inventory Days
51
Payable Days
61
72
Debt to Equity (x)
0.17x
Interest Coverage (x)
8.43x
1.84x
Revenue Growth %
37.61%
Operating Profit Growth %
4.68%
Net Profit Growth %
23.10%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
5.18
Book Value (₹)
35.31
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.71
Operating Margin %
16.24%
Net Margin %
8.26%
ROE %
15.84%
ROCE %
20.83%
10.88%
Debtor Days
76
Inventory Days
52
Payable Days
63
65
Debt to Equity (x)
0.08x
Interest Coverage (x)
23.48x
2.03x
Revenue Growth %
13.51%
Operating Profit Growth %
44.10%
Net Profit Growth %
82.47%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
6.69
Book Value (₹)
57.49
Dividend per Share (₹)
0.00
Cash EPS (₹)
9.05
Operating Margin %
16.92%
Net Margin %
10.58%
ROE %
15.44%
ROCE %
20.45%
12.47%
Debtor Days
73
Inventory Days
35
Payable Days
52
56
Debt to Equity (x)
-0.01x
Interest Coverage (x)
51.87x
5.31x
Revenue Growth %
22.16%
Operating Profit Growth %
35.96%
Net Profit Growth %
56.44%
29.06%
P/E (x)
20.41x
P/B (x)
2.37x
Dividend Yield %
0.00%
10.59x
Mar 2025
EPS (₹)
16.23
Book Value (₹)
73.73
Dividend per Share (₹)
0.50
Cash EPS (₹)
19.29
Operating Margin %
15.32%
Net Margin %
15.31%
ROE %
24.74%
ROCE %
31.49%
18.72%
Debtor Days
63
Inventory Days
37
Payable Days
51
50
Debt to Equity (x)
0.14x
Interest Coverage (x)
45.86x
1.52x
Revenue Growth %
67.66%
Operating Profit Growth %
51.07%
Net Profit Growth %
142.67%
142.67%
P/E (x)
17.62x
P/B (x)
3.88x
Dividend Yield %
0.17%
17.12x
Mar 2026
EPS (₹)
18.61
Book Value (₹)
91.97
Dividend per Share (₹)
0.75
Cash EPS (₹)
23.07
Operating Margin %
16.52%
Net Margin %
10.01%
ROE %
22.46%
ROCE %
26.60%
14.57%
Debtor Days
59
Inventory Days
38
Payable Days
50
47
Debt to Equity (x)
0.30x
Interest Coverage (x)
13.20x
1.72x
Revenue Growth %
75.41%
Operating Profit Growth %
82.10%
Net Profit Growth %
14.64%
14.64%
P/E (x)
16.01x
P/B (x)
3.24x
Dividend Yield %
0.25%
10.10x

Shareholding Pattern

Numbers in percentages

TRADES
Sep 2023
72.45
FIIs
0.00
0.00
Government
0.00
27.54
Mar 2024
72.45
FIIs
0.00
0.00
Government
0.00
27.55
Sep 2024
72.45
FIIs
0.00
0.00
Government
0.00
27.55
Mar 2025
72.68
FIIs
0.00
0.00
Government
0.00
27.32
Sep 2025
67.10
FIIs
0.00
2.79
Government
0.00
30.11
Mar 2026
67.10
FIIs
0.00
2.85
Government
0.00
30.05

Documents

Announcements

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.