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Machhar Industries Ltd (MACIND) · mywealthgrid

About

Machhar Industries Ltd operates in Specialty Chemicals within the Materials sector.

Face value: ₹10

Market cap

₹27 Cr

P/E

—

P/B

2.8×

Dividend yield

ROE

6.2%

ROCE

9.8%

Debt / equity

0.25

OPM

7.3%

EPS (TTM)

₹-0.7

Book value

₹138.4

52-week high

₹437.5

52-week low

₹221.6

₹386.9+2.4%1Y

Beta

-0.02

Moves against the index

Volatility (1y)

61.5%

Annualised, daily returns

RSI (14)

35.8

Neither overbought nor oversold

Rel. strength (1y)

-6.9%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 4.2% (3-yr avg)
−Thin operating margin of 7.3%
−Revenue shrank over the last 3 years (-3.2% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 31
Growth: 13
Valuation: 57
Momentum

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17	17	16	16
COGS	0	2	3	3
Gross profit	17	15	13	13
	16	14	13	12
	1	1	0	1
OPM %	3.8%	6.4%	2.9%	7.3%
Depreciation	0	0	0	0
Interest	0	0	0	0
	0	0	0	0
Profit before tax	0	1	0	1
Tax	0	0	0	0
Tax %	20%	23.5%	21.1%	31%
	0	1	0	1
PAT margin %	2.1%	3.7%	1%	3.7%
EPS (₹)	6.3	9.7	-0.7	7.9
EPS adjusted (₹)	6.2	9.7	-0.7	7.8
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1	1	1	1
Reserves	11	8	8	9
	2	1	2	2
	2	2	2	2
Total equity & liabilities	15	12	13	14
	8	5	5	5
CWIP	—	—	—	0
Investments	1	1	2	2
	7	6	7	7
Total assets	15	12	13	14

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	-0	0	1
	-2	0	-1	-0
	2	-1	1	-0
Net cash flow	-0	-1	0	1
Free cash flow	-2	-1	-0	1
CFO / Operating profit %	9.2%	-19.4%	41.3%	88.5%

Compounded sales growth

7 years: —
5 years: —
3 years: -3%
1 year: -1%

Compounded profit growth

7 years: —
5 years: —
3 years: 17%
1 year: 287%

Stock price CAGR

10 years: —
5 years: —
3 years: —
1 year: 2%

Return on equity

7 years: —

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	98.2%	89.6%	82.7%	81.4%
EBITDA margin %	3.8%	6.4%	2.9%	7.3%
EBIT margin %	1.6%	3.7%	0.3%	4.8%
PAT margin %	2.1%	3.7%	1%	3.7%
Working capital
Receivable days	18	37	37	38
Inventory days	224	83	135	155
Payable days	1,413	143	81	88
NWC days	-1,171	-23	91	105
Leverage
Current ratio	2.9	3.9	2.56	2.5
Debt to EBITDA	2.71	1.06	5.15	2.17
Debt to equity	0.15	0.12	0.26	0.25
Interest coverage	6	5.1	1.8	6.2
Asset turnover	1.12	1.4	1.2	1.12
Return ratios
Return on assets %	2.4%	5.1%	1.2%	4.2%
Return on capital employed %	4.2%	8.6%	4.3%	9.8%
Return on equity %	3.2%	6.7%	1.6%	6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%	50.52%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.48%	0.48%	5.32%	0.48%	0.48%	0.48%	5.32%	5.32%	5.32%	5.32%	5.32%	0.48%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	49%	49%	44.16%	49%	49%	49%	44.16%	44.16%	44.16%	44.16%	44.16%	49%
No. of shareholders	—	—	—	—	—	—	—	—	10,383	10,362	10,355	10,341

Promoter holding up 0 percentage points since Sep 2023.

Mr. Vikas TapdiyaNon-Executive - Independent Director
Mr. Pradeep PatelNon-Executive - Independent Director
Mr. Mahesh Bharat DubeCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Machhar Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results16 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

22 Sept 2026, 4:41 pmCompany Update

Outcome And Summary Of Proceedings Of The 18Th Annual General Meeting Of The Company Held On Tuesday, 22Nd September, 2026

General PDF

22 Sept 2026, 4:36 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

27 Aug 2026, 2:10 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

25 Aug 2026, 7:55 pmCompany Update

Intimation Of 18Th Annual General Meeting Notice Of AGM And Annual Report To Members

General PDF

25 Aug 2026, 5:03 pmAGM/EGM

Intimation Of Notice Of 18Th Annual General Meeting (AGM) Of Company. This Is To Inform You That The 18Th Annual General Meeting (AGM) Of The Company Is Scheduled To Be Held On Tuesday, 22Nd September, 2026 At 2:30 P.M. Further, Please Note That The Company Has Fixed Following Dates In Connection With Its 18Th Annual General Meeting For The Financial Year 2025 - 26.

AGM PDF

25 Aug 2026, 4:49 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

16 Jul 2026, 4:29 pmCompany Update

Outcome Of Board Meeting Held On 16Th July, 2026 Under Regulations 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).

General PDF

16 Jul 2026, 4:26 pmResult

Financial Results PDF

Date	Category	Subject	Filing
22 Sept 2026, 4:41 pm	Company Update General	Outcome And Summary Of Proceedings Of The 18Th Annual General Meeting Of The Company Held On Tuesday, 22Nd September, 2026	PDF
22 Sept 2026, 4:36 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Machhar Industries Ltd

Machhar Industries Ltd

About

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Announcements

Annual reports

Board meetings1

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1