Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹29 Cr.
Stock P/E
49.7
P/B
2.9
Current Price
₹391
Book Value
₹ 134.7
Face Value
10
52W High
₹449.4
52W Low
₹ 0
Dividend Yield
0%

Machhar Industries Overview

Business

Machhar Industries Ltd. operates in the Chemicals sector in India. Its core business involves the manufacturing and supply of a diverse range of chemical products. The company's business model typically entails producing intermediate chemicals, specialty chemicals, or commodity chemicals that serve as critical raw materials or components for various downstream industries. Machhar Industries likely generates revenue through the sale of these chemical products to business-to-business (B2B) clients across sectors such as pharmaceuticals, agrochemicals, textiles, automotive, construction, or consumer goods.

Revenue Mix

Specific segment breakdown for Machhar Industries Ltd. is not provided. However, a typical chemicals company in India may operate across various segments depending on its product portfolio and expertise. Common segments include:

Basic Chemicals: Large-volume, lower-margin chemicals (e.g., acids, alkalis, solvents).

Specialty Chemicals: Higher-value, application-specific chemicals used in smaller quantities (e.g., performance chemicals, additives, active pharmaceutical ingredients intermediates, pigments).

Agrochemicals: Products for crop protection (e.g., pesticides, herbicides, fungicides).

Polymers & Petrochemicals: Derivatives from crude oil and natural gas.

The revenue mix would depend on the company's strategic focus, technological capabilities, and market demand for its specific product offerings.

Industry

The Indian chemicals industry is diverse, fragmented, and growing, driven by domestic consumption and export opportunities. It is a foundational industry supplying inputs to nearly every other manufacturing sector. The industry is characterized by cyclicality, capital intensity, and reliance on global raw material prices. Machhar Industries Ltd. would likely position itself within specific niches, possibly as a cost-effective producer of commodity chemicals or a specialized manufacturer of value-added specialty chemicals, depending on its operational strengths and product portfolio. Its positioning relative to peers would be determined by its market share in specific product categories, technological capabilities, and geographic reach.

MOAT

Potential competitive advantages for Machhar Industries Ltd. could include:

Process Efficiencies / Cost Leadership: Optimized manufacturing processes leading to lower production costs, especially for commodity chemicals.

Customer Relationships & Switching Costs: Long-term relationships with key industrial customers, where product quality, reliability of supply, and technical support create high switching costs for buyers.

Specialized Product Expertise: Proprietary formulations, intellectual property, or advanced R&D capabilities in niche specialty chemicals.

Regulatory Approvals: Obtaining and maintaining complex environmental and product-specific regulatory approvals can act as a barrier to entry.

Backward/Forward Integration: Control over raw material sourcing or downstream product applications can enhance competitive edge.

Growth Drivers

Key factors that can drive growth for Machhar Industries over the next 3-5 years include:

Domestic Economic Growth: Expansion in end-user industries (e.g., automotive, pharma, construction, textiles, agriculture) directly drives demand for chemicals.

Import Substitution: Government initiatives and "Make in India" focus encouraging domestic production to reduce reliance on imports.

Increased R&D and Innovation: Development of new products, sustainable processes, and higher-value specialty chemicals.

Government Support: Policies promoting local manufacturing, infrastructure development, and favorable trade agreements.

Capacity Expansion: Strategic investments in increasing production capacity to meet rising demand or enter new markets.

Risks

Key business risks for Machhar Industries include:

Raw Material Price Volatility: Significant fluctuations in the prices of crude oil, natural gas, and other chemical feedstocks, impacting profitability.

Environmental & Regulatory Risks: Strict and evolving environmental regulations, compliance costs, and potential liabilities from chemical handling and waste disposal.

Intense Competition: Presence of numerous domestic and international players, leading to pricing pressures and market share erosion.

Economic Downturns: Slowdowns in industrial activity or global economy can reduce demand for chemicals.

Foreign Exchange Fluctuations: For companies involved in significant imports of raw materials or exports of finished goods, currency volatility can impact costs and revenues.

Technological Obsolescence: Failure to innovate or adapt to new manufacturing processes and product technologies.

Management & Ownership

Details regarding promoters, management quality, and specific ownership structure for Machhar Industries Ltd. are not provided. In India, many chemical companies are promoter-led, where the founding family or group holds a significant stake and often plays an active role in strategic decision-making and day-to-day operations. The quality of management (experience, strategic vision, execution capabilities) and a transparent ownership structure are crucial for long-term growth and investor confidence.

Outlook

Machhar Industries operates within the dynamic and essential chemicals sector in India. The company stands to benefit from India's industrial growth, rising domestic consumption, and the global trend towards diversifying supply chains. Opportunities for growth lie in strategic capacity expansion, product diversification into higher-margin specialty chemicals, and leveraging potential for import substitution. However, the outlook is balanced by inherent challenges such as volatile raw material prices, stringent environmental regulations, and intense competition. The company's ability to effectively manage these risks, maintain cost efficiencies, and innovate will be critical determinants of its sustained performance and profitability.

Machhar Industries Share Price

Live · BSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Machhar Industries Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 5 5 4 3 4 4 4 4 4 6
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 5 5 4 3 4 4 4 4 5 6
Total Expenditure 5 4 4 3 4 3 3 4 4 6
Operating Profit 1 0 0 -0 0 0 0 0 0 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 0 -0 0 0 0 0 0 0
Provision for Tax 0 0 0 -0 0 0 0 0 0 0
Profit After Tax 0 0 0 -0 0 0 0 0 0 0
Adjustments 0 0 0 0 0 0 -0 0 0 -0
Profit After Adjustments 0 0 0 -0 0 0 0 0 0 0
Adjusted Earnings Per Share 5.5 1.9 0.2 -1.1 1 1.5 0.3 3.9 2.2 3.9

Machhar Industries Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 17 17 16 16 18
Other Income 0 0 0 0 0
Total Income 17 17 16 16 19
Total Expenditure 16 16 15 14 17
Operating Profit 1 1 1 1 1
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 1 0 1 0
Provision for Tax 0 0 0 0 0
Profit After Tax 0 1 0 1 0
Adjustments 0 0 0 0 0
Profit After Adjustments 0 1 0 1 0
Adjusted Earnings Per Share 4.9 8.4 2 7.9 10.3

Machhar Industries Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 11 9 9 10
Minority's Interest 0 0 0 0
Borrowings 1 1 0 0
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 2 2 3 3
Total Liabilities 15 12 13 14
Fixed Assets 8 5 5 5
Other Non-Current Assets 1 1 1 1
Total Current Assets 7 7 8 8
Total Assets 15 12 13 14

Machhar Industries Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 4 4 3 3
Cash Flow from Operating Activities 0 -0 0 1
Cash Flow from Investing Activities -2 0 -1 -0
Cash Flow from Financing Activities 2 -1 1 -0
Net Cash Inflow / Outflow -0 -1 0 1
Closing Cash & Cash Equivalent 4 3 3 4

Machhar Industries Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 4.87 8.38 2.05 7.87
CEPS(Rs) 9.91 14.55 7.72 13.13
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 154.01 124.16 123.51 130.78
Core EBITDA Margin(%) 4.59 6.38 3.33 7.32
EBIT Margin(%) 3.92 5.94 3.17 6.47
Pre Tax Margin(%) 2.61 4.77 1.19 5.4
PAT Margin (%) 2.1 3.67 0.97 3.75
Cash Profit Margin (%) 4.28 6.37 3.65 6.25
ROA(%) 2.37 4.55 1.21 4.34
ROE(%) 3.16 6.03 1.65 6.19
ROCE(%) 5.1 8.56 4.55 8.51
Receivable days 17.94 27.75 38.5 37.45
Inventory Days 3.94 6.3 16.34 26.18
Payable days 1401.94 195.2 85.21 80.18
PER(x) 0 28.73 122.3 35.7
Price/Book(x) 0 1.94 2.03 2.15
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.06 0.97 1.16 1.27
EV/Core EBITDA(x) -1.02 11.2 19.75 14.14
Net Sales Growth(%) 0 -1.28 -7.39 -0.77
EBIT Growth(%) 0 49.74 -50.63 102.54
PAT Growth(%) 0 72.19 -75.59 284.7
EPS Growth(%) 0 72.19 -75.59 284.69
Debt/Equity(x) 0.15 0.12 0.26 0.25
Current Ratio(x) 2.9 3.89 2.56 2.5
Quick Ratio(x) 2.82 3.65 2.23 2.13
Interest Cover(x) 3 5.05 1.6 6.05
Total Debt/Mcap(x) 0 0.06 0.13 0.12

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -2% — —
Operating Profit CAGR 0% 0% — —
PAT CAGR — — — —
Share Price CAGR +5% +81% — —
ROE Average +6% +5% +4% +4%
ROCE Average +9% +7% +7% +7%

Machhar Industries Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 50.52 %
FII 0 %
DII (MF + Insurance) 0.48 %
Public (retail) 49 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 50.5250.5250.5250.5250.5250.5250.5250.5250.5250.52
FII 0000000000
DII 5.320.480.480.485.325.325.325.325.320.48
Public 44.1649494944.1644.1644.1644.1644.1649
Others 0000000000
Total 100100100100100100100100100100

Machhar Industries Peer Comparison

Chemicals Edit Columns

Machhar Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Machhar Industries Pros & Cons

Pros

  • Debtor days have improved from 85.21 to 80.18days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
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