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Marshall Machines

₹26.5 0 | 0%

Market Cap ₹63 Cr.

Stock P/E -7.7

P/B 0.8

Current Price ₹26.5

Book Value ₹ 32.4

Face Value 10

52W High ₹62.8

Dividend Yield 0%

52W Low ₹ 22.3

Marshall Machines Research see more...

Overview Inc. Year: 1994Industry: Engineering - Industrial Equipments

Marshall Machines Ltd develops, manufactures, and markets system tool in India. It offers compact single spindle machines, twin spindle machines, rigidturn machines, and heavy duty single spindles for shafts, as well as patented double and 4 spindle CNC machines, automatic robotic solutions, and patent pending IoTQ healthy of wise gadget. The enterprise also offers linear tooling machines, smart load solutions, and turret kind machines; unique solutions for hard turning; and sensible solutions with clap and clamp. It additionally exports its merchandise. The agency was founded in 1961 and is located in Ludhiana, India.

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Marshall Machines Share Price

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Marshall Machines Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 14 13 9 24 7 8 7 11 2 10
Other Income 0 0 0 0 0 1 1 0 0 0
Total Income 14 13 9 24 7 10 8 11 2 10
Total Expenditure 13 12 10 19 8 8 7 9 3 8
Operating Profit 2 1 -1 5 -1 2 1 1 -1 2
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 1 2 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 -2 -4 3 -3 -1 -1 -1 -4 -1
Provision for Tax -0 -1 -1 1 -1 -0 -0 -0 -1 -0
Profit After Tax -1 -1 -3 2 -3 -1 -1 -1 -3 -0
Adjustments 0 0 0 0 0 0 -0 0 -0 -0
Profit After Adjustments -1 -1 -3 2 -3 -1 -1 -1 -3 -0
Adjusted Earnings Per Share -0.5 -1 -2.1 1.5 -1.7 -0.5 -0.7 -0.7 -1.8 -0.2

Marshall Machines Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 39 42 44 50 59 65 60 67 60 34 30
Other Income 0 0 0 0 0 0 1 0 0 3 1
Total Income 39 43 44 51 59 65 61 67 60 37 31
Total Expenditure 34 36 38 44 47 50 44 58 53 36 27
Operating Profit 5 6 6 7 13 15 17 10 7 1 3
Interest 3 4 4 3 3 4 4 4 4 4 4
Depreciation 1 2 1 2 2 4 8 5 6 6 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 1 2 7 8 4 1 -4 -9 -7
Provision for Tax 0 0 0 1 2 2 1 0 -1 -2 -1
Profit After Tax 1 0 0 1 5 6 3 0 -3 -7 -5
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 0 1 5 6 3 0 -3 -7 -5
Adjusted Earnings Per Share 0 0 0 0 4.7 4 2 0.3 -2.2 -4.7 -3.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -43% -17% -10% 0%
Operating Profit CAGR -86% -61% -40% 0%
PAT CAGR 0% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -48% 31% 7% NA%
ROE Average -16% -7% 1% 7%
ROCE Average -6% 0% 6% 11%

Marshall Machines Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 8 8 9 10 18 39 41 49 46 40
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 8 8 7 6 7 8 14 14 13 18
Other Non-Current Liabilities 1 1 1 1 3 6 6 6 6 4
Total Current Liabilities 36 42 42 48 52 55 60 63 70 80
Total Liabilities 53 60 59 65 80 108 121 133 135 141
Fixed Assets 14 13 11 15 23 46 39 68 62 57
Other Non-Current Assets 2 1 2 2 0 0 14 2 2 1
Total Current Assets 36 46 46 48 57 61 68 62 71 83
Total Assets 53 60 59 65 80 108 121 133 135 141

Marshall Machines Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 3 1 1 1 3 4 4 1 1 0
Cash Flow from Operating Activities 1 -1 7 11 5 14 12 11 5 0
Cash Flow from Investing Activities -2 -0 -1 -5 -9 -27 -15 -10 -0 -1
Cash Flow from Financing Activities -1 1 -5 -5 5 14 3 -2 -5 1
Net Cash Inflow / Outflow -2 -0 1 1 1 0 0 -1 -0 0
Closing Cash & Cash Equivalent 1 1 1 2 4 4 5 1 0 0

Marshall Machines Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.65 0.28 0.46 1.22 4.69 3.97 2.04 0.25 -2.16 -4.74
CEPS(Rs) 2.18 2.76 1.82 2.99 6.74 6.53 7.61 3.77 2.15 -0.71
DPS(Rs) 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 8.94 9.21 9.67 10.89 16.69 26.47 28.36 33.71 31.6 27.17
Core EBITDA Margin(%) 12.37 13.54 12.51 12.25 18.43 19.8 22.53 14.02 11.43 -4.09
EBIT Margin(%) 9.7 9.27 9.94 9.77 15.36 15.25 12.14 6.55 1.27 -13.86
Pre Tax Margin(%) 2.35 0.96 1.67 3.58 10.74 10.42 5.87 0.87 -6.13 -26.65
PAT Margin (%) 1.51 0.59 0.95 2.2 7.2 7.52 4.24 0.54 -5.2 -20
Cash Profit Margin (%) 5.07 5.94 3.76 5.39 10.36 12.37 15.78 8.17 5.19 -2.98
ROA(%) 1.11 0.44 0.7 1.78 6.92 6.16 2.6 0.29 -2.34 -4.99
ROE(%) 7.26 3.04 4.86 11.87 36.17 20.5 7.46 0.81 -6.6 -16.14
ROCE(%) 11.96 11.5 12.23 14.31 26.55 19.61 11.31 5.25 0.87 -5.59
Receivable days 36.85 38.54 40.36 47.12 51.6 56.47 68.63 69.91 89.79 245.49
Inventory Days 280.08 301.36 328.1 275.67 197 185.79 222.85 255.01 297.79 533.17
Payable days 160.66 166.15 172.34 174.86 176.4 161.71 218.29 161.7 221.43 417.49
PER(x) 0 0 0 0 0 5.94 3.54 42.39 0 0
Price/Book(x) 0 0 0 0 0 0.89 0.26 0.31 0.94 1.48
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.63 0.69 0.61 0.47 0.46 1.06 0.74 0.86 1.48 3.25
EV/Core EBITDA(x) 4.75 4.73 4.75 3.65 2.11 4.49 2.66 6.06 12.71 102.61
Net Sales Growth(%) 0 8.16 4 14.59 18.26 9.9 -8.41 12.38 -10.15 -42.82
EBIT Growth(%) 0 3.45 11.45 12.64 117.79 9.69 -27.29 -48.34 -82.52 -721.54
PAT Growth(%) 0 -57.52 66.39 166.05 353.06 15.36 -48.48 -87.77 -962.16 -120.03
EPS Growth(%) 0 -57.52 66.39 166.05 283.93 -15.33 -48.48 -87.77 -962.04 -120.03
Debt/Equity(x) 2.9 3.36 2.98 2.42 1.62 0.89 0.89 0.83 0.87 1.14
Current Ratio(x) 1 1.1 1.09 1 1.1 1.12 1.13 0.99 1.02 1.03
Quick Ratio(x) 0.18 0.15 0.17 0.25 0.35 0.39 0.37 0.23 0.3 0.4
Interest Cover(x) 1.32 1.12 1.2 1.58 3.32 3.16 1.94 1.15 0.17 -1.08
Total Debt/Mcap(x) 0 0 0 0 0 0.87 3.04 2.3 0.81 0.67

Marshall Machines Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 67.54 66.99 66.99 60 60 52.01 52.01 47.34 28.89 28.89
FII 0 0 0 0 0.01 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 32.46 33.01 33.01 40 40 47.99 47.99 52.66 71.11 71.11
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.8 times its book value

Cons

  • Promoter holding is low: 28.89%.
  • Company has a low return on equity of -7% over the last 3 years.
  • Debtor days have increased from 221.43 to 417.49days.

* 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.

Marshall Machines News

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