Machhar Industri

  • Market Cap: Micro Cap
  • Industry: Specialty Chemicals
  • ISIN: INE01BT01015
  • NSEID:
  • BSEID: 543934
INR
343.80
-3.45 (-0.99%)
BSENSE

Apr 16

BSE+NSE Vol: 55

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

55.0 (55.37%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.44%

Held by 5 DIIs

Promoter

50.52%

What does Machhar Industri do?

06-Jun-2025

Machhar Industries Ltd is a micro-cap company in the specialty chemicals sector, established in 2008 after a demerger. As of March 2025, it reported net sales of 4 Cr and a net profit of 0 Cr, with a market cap of Rs 28 Cr.

Overview:<BR>Machhar Industries Ltd operates in the specialty chemicals industry and is categorized as a micro-cap company.<BR><BR>History:<BR>Machhar Industries Limited was established in 2008 following the demerger of Anil Chemicals & Industries Limited. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 4 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 28 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 28.00 <BR>Industry P/E: N/A <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.17 <BR>Return on Equity: 1.32% <BR>Price-to-Book: 2.29 <BR><BR>Contact Details:<BR>No Company Details Available <BR>Registrar Address: Not available.

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When is the next results date for Machhar Industri?

06-Jun-2025

No Upcoming Board Meetings

Has Machhar Industri declared dividend?

06-Jun-2025

No Dividend History Available

What is the technical trend for Machhar Industri?

09-Jun-2025

As of June 6, 2025, Machhar Industri's trend has shifted to mildly bearish, despite a mildly bullish weekly MACD and bullish Bollinger Bands, due to caution from daily moving averages and unclear signals from RSI and Dow Theory.

As of 6 June 2025, the technical trend for Machhar Industri has changed from mildly bullish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the daily moving averages are showing a mildly bearish trend. The Bollinger Bands are bullish on both weekly and monthly time frames, but the overall sentiment is tempered by the lack of clear signals from the RSI and Dow Theory, which show no trend in both weekly and monthly evaluations. The current price of 382.80 is above the previous close of 372.15, but the recent trend change suggests caution. Overall, the current stance is mildly bearish, driven primarily by the daily moving averages and the shift in trend.

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Who are the peers of the Machhar Industri?

16-Jul-2025

Machhar Industri's peers include Crestchem, Hardcast.& Waud, Dynamic Industri, and others. In terms of management risk, growth, and capital structure, Crestchem performs best, while Machhar Industri shows average ratings, with a 1-year return of 15.22%.

Peers: The peers of Machhar Industri are Crestchem, Hardcast.& Waud, Dynamic Industri, Vikram Aroma, Yug Decor, Organic Coatings, Pratiksha Chem., Indo Euro Indch., and Omkar Spl.Chem.<BR><BR>Quality Snapshot: Excellent management risk is observed at Crestchem and Yug Decor, while Average management risk is found at Pratiksha Chem. Below Average management risk is noted for Hardcast.& Waud, Dynamic Industri, Vikram Aroma, Machhar Industri, and Indo Euro Indch., and the rest. Growth is rated as Good for Crestchem, while Below Average growth is seen in Hardcast.& Waud, Dynamic Industri, Vikram Aroma, Yug Decor, Machhar Industri, and Indo Euro Indch., and the rest. Capital Structure is rated as Good for Crestchem, Machhar Industri, Vikram Aroma, and Indo Euro Indch., while Average is found at Pratiksha Chem., and Below Average for Hardcast.& Waud, Dynamic Industri, and Yug Decor, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Dynamic Industri at 51.59%, while the lowest is Hardcast.& Waud at -24.41%. Machhar Industri's 1-year return of 15.22% is higher than Hardcast.& Waud's but lower than Dynamic Industri's. Additionally, the six-month return is negative for Crestchem, Hardcast.& Waud, Yug Decor, Indo Euro Indch., and Omkar Spl.Chem.

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Who are in the management team of Machhar Industri?

16-Jul-2025

As of March 2023, the management team of Machhar Industri includes Sandeep Machhar (Managing Director), Vyankat Waman Katkar (Whole-time Director), Arvind Machhar (Non Executive Director), and three Independent Non Executive Directors: Gheverchand M Bothara, Balaprasad Tapdiya, and Rupali Bothara.

As of March 2023, the management team of Machhar Industri includes the following individuals:<BR><BR>1. Sandeep Machhar - Managing Director<BR>2. Vyankat Waman Katkar - Whole-time Director<BR>3. Arvind Machhar - Non Executive Director<BR>4. Gheverchand M Bothara - Independent Non Executive Director<BR>5. Balaprasad Tapdiya - Independent Non Executive Director<BR>6. Rupali Bothara - Independent Non Executive Director<BR><BR>These members play various roles in the governance and management of the company.

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Who are the top shareholders of the Machhar Industri?

17-Jul-2025

The top shareholders of Machhar Industri include Arvind Krishnagopal Machhar, who holds 15.63%, individual investors with 35.22%, and three mutual fund schemes with a combined 4.11%. There are no foreign institutional investors or pledged promoter holdings.

The top shareholders of Machhar Industri include the promoters, who hold the majority of the shares. The promoter with the highest holding is Arvind Krishnagopal Machhar, owning 15.63% of the company. Additionally, individual investors collectively hold 35.22% of the shares. There are also three mutual fund schemes that hold a combined 4.11%. Currently, there are no foreign institutional investors (FIIs) holding shares in the company, and there are no pledged promoter holdings.

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How big is Machhar Industri?

24-Jul-2025

As of 22nd July, Machhar Industries Ltd has a market capitalization of 29.00 Cr, with recent net sales of 15.68 Cr and a net profit of 0.16 Cr. Shareholder's funds are 12.08 Cr, and total assets are 14.97 Cr.

As of 22nd July, Machhar Industries Ltd has a market capitalization of 29.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 15.68 Cr and a Net Profit of 0.16 Cr.<BR><BR>For the latest annual period ending March 2024, Shareholder's Funds were recorded at 12.08 Cr, while Total Assets amounted to 14.97 Cr.

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How has been the historical performance of Machhar Industri?

13-Nov-2025

Machhar Industri's historical performance from March 2024 to March 2025 shows a decline in key financial metrics, with net sales dropping to 15.68 Cr from 16.93 Cr, and profit after tax decreasing to 0.15 Cr from 0.58 Cr, reflecting an overall downward trend.

Answer:<BR>The historical performance of Machhar Industri shows a decline in key financial metrics from March 2024 to March 2025.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Machhar Industri reported net sales of 15.68 Cr, a decrease from 16.93 Cr in the previous year. Total operating income followed the same trend, dropping to 15.68 Cr from 16.93 Cr. The total expenditure, excluding depreciation, also decreased to 15.22 Cr from 15.86 Cr, while the operating profit (PBDIT) fell to 0.46 Cr from 1.07 Cr, leading to an overall operating profit margin decline from 6.32% to 2.93%. Profit before tax decreased significantly to 0.19 Cr from 0.76 Cr, and profit after tax dropped to 0.15 Cr from 0.58 Cr, resulting in a PAT margin decline from 3.43% to 0.96%. The earnings per share (EPS) also reflected this downturn, falling to 2.03 from 7.84. On the balance sheet, total liabilities decreased slightly to 14.97 Cr from 15.25 Cr, while total assets also fell to 14.97 Cr from 15.25 Cr. Cash and cash equivalents at the end of the period decreased to 2.00 Cr from 3.00 Cr, indicating a tightening cash position. Overall, the financial performance of Machhar Industri has shown a downward trend across multiple key metrics over the past year.

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How has been the historical performance of Machhar Industri?

13-Nov-2025

Machhar Industri experienced a decline in financial performance from March 2024 to March 2025, with net sales dropping from 16.93 Cr to 15.68 Cr and profit after tax decreasing from 0.58 Cr to 0.15 Cr, alongside a significant drop in earnings per share from 7.84 to 2.03. Overall, the company faced reduced revenues and profits amid a tightening cash position.

Answer:<BR>The historical performance of Machhar Industri shows a decline in key financial metrics from March 2024 to March 2025.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Machhar Industri reported net sales of 15.68 Cr, down from 16.93 Cr in the previous year. Total operating income mirrored this trend, remaining at 15.68 Cr compared to 16.93 Cr in March 2024. The total expenditure decreased slightly from 15.86 Cr to 15.22 Cr, primarily due to a reduction in other expenses from 11.79 Cr to 10.18 Cr. However, operating profit (PBDIT) fell from 1.45 Cr to 0.85 Cr, reflecting a decrease in operating profit margin from 6.32% to 2.93%. Profit before tax also declined significantly from 0.76 Cr to 0.19 Cr, leading to a profit after tax of 0.15 Cr, down from 0.58 Cr. The earnings per share (EPS) dropped sharply from 7.84 to 2.03. On the balance sheet, total liabilities decreased from 14.97 Cr to 14.97 Cr, while total assets remained stable. Cash and cash equivalents at the end of March 2024 were 2.00 Cr, down from 3.00 Cr the previous year, indicating a tightening cash position. Overall, the financial performance of Machhar Industri reflects a challenging year with declining revenues and profits.

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Is Machhar Industri overvalued or undervalued?

13-Nov-2025

As of November 12, 2025, Machhar Industri's valuation has deteriorated to "does not qualify," with a PE ratio of 180.09 indicating overvaluation compared to peers like Altius Telecom, and a low return on equity of 1.75%, while the stock has underperformed the Sensex with a 25.3% decline over the past year.

As of 12 November 2025, the valuation grade for Machhar Industri has moved from risky to does not qualify, indicating a significant deterioration in its investment appeal. The company is currently overvalued, with a PE ratio of 180.09, an EV to EBIT of 21.44, and an EV to EBITDA of 21.44. These ratios suggest that the stock is trading at a premium compared to its earnings and cash flow generation capabilities.<BR><BR>In comparison to its peers, Machhar Industri's valuation metrics are starkly higher than those of Altius Telecom, which has a PE ratio of 56.22 and an EV to EBITDA of 10.61, highlighting the overvaluation of Machhar. Additionally, the company's return on equity (ROE) stands at a mere 1.75%, further emphasizing its inefficiency in generating returns for shareholders. Recent performance shows that while the stock returned 8.59% over the past week, it has significantly underperformed the Sensex over the past year, with a decline of 25.3% compared to the Sensex's gain of 7.36%.

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Are Machhar Industries Ltd latest results good or bad?

23-Jan-2026

Machhar Industries Ltd's latest results show a significant quarterly profit increase and revenue growth, but long-term concerns persist due to low return on equity and a 30.19% stock decline over the past year. Investors should be cautious given these mixed signals.

Machhar Industries Ltd's latest results present a mixed picture. On one hand, the company reported a significant net profit of ₹0.29 crores for Q3 FY26, which is a remarkable increase of 1,350% compared to the previous quarter. Additionally, revenue grew by 14.33% quarter-on-quarter and 21.13% year-on-year, indicating some positive momentum.<BR><BR>The operating margin also improved to 10.32%, marking the highest level in eight quarters, which suggests better cost management. However, despite these positive quarterly results, the company's long-term performance raises concerns. The return on equity remains very low at 1.39%, indicating weak profitability and capital inefficiency. Furthermore, the stock has underperformed significantly over the past year, declining by 30.19% while the broader market has gained.<BR><BR>Overall, while the recent quarterly results show improvement, the fundamental challenges and historical performance issues suggest that the company is still facing significant operational difficulties. Investors should exercise caution and consider these factors before making any decisions.

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Should I buy, sell or hold Machhar Industries Ltd?

08-Apr-2026

Why is Machhar Industries Ltd falling/rising?

16-Apr-2026

As of 15-Apr, Machhar Industries Ltd's stock price has risen to Rs 347.25, up 4.08%, driven by strong recent performance and positive sector trends, despite a decline in investor participation. The stock has outperformed the Sensex significantly year-to-date and shows a bullish trend across various moving averages.

As of 15-Apr, Machhar Industries Ltd is experiencing a rise in its stock price, currently at Rs 347.25, reflecting an increase of Rs 13.6 or 4.08%. This upward movement can be attributed to several factors. Over the past week, the stock has gained 2.74%, significantly outperforming the Sensex, which only increased by 0.71%. In the last month, the stock has risen by 11.01%, while the Sensex has risen by 4.76%. Year-to-date, Machhar Industries has shown a remarkable gain of 51.18%, contrasting sharply with the Sensex's decline of 8.34%.<BR><BR>Today's performance indicates that the stock has outperformed its sector by 1.29% and has been on a consecutive gain streak for the last two days, accumulating a total return of 8.14% during this period. The stock opened with a notable gap up of 4.98% today and reached an intraday high of Rs 350.25. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.<BR><BR>However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 66.67% compared to the 5-day average. Despite this, the overall liquidity remains adequate for trading. The positive performance of the Miscellaneous sector, which gained 2.81%, also supports the stock's rise. Overall, the combination of strong recent performance, positive sector trends, and favorable moving averages contributes to the rising stock price of Machhar Industries Ltd.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Weak Long Term Fundamental Strength with a -3.97% CAGR growth in Net Sales over the last 5 years

  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 0.47
  • The company has been able to generate a Return on Equity (avg) of 1.39% signifying low profitability per unit of shareholders funds
2

Positive results in Dec 25

3

Majority shareholders : Promoters

 
4

Market Beating Performance

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Specialty Chemicals

stock-summary
Market cap

INR 25 Cr (Micro Cap)

stock-summary
P/E

51.00

stock-summary
Industry P/E

33

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.38

stock-summary
Return on Equity

1.39%

stock-summary
Price to Book

2.75

Revenue and Profits:
Net Sales:
4 Cr
(Quarterly Results - Dec 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
23.23%
0%
23.23%
6 Months
-6.83%
0%
-6.83%
1 Year
41.37%
0%
41.37%
2 Years
14.91%
0%
14.91%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Machhar Industri for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

07-Apr-2026 | Source : BSE

Intimation of Compliance Certificate pursuant to Regulation 74 (5) of SEBI (DP) Regulations 2018 received from RTA agent for the Quarter ended as on 31st March 2026

Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON 3ST MARCH 2026

31-Mar-2026 | Source : BSE

BOARD OF DIRECTORS APPROVED THE REAPPOINTMENT OF WHOLE TIME DIRECTOR OF THE COMPANY MR VYANKAT KATKAR AND DEFFERED THE STRIKE OFF MATTER OF JOINT VENTURE AND OTHER REGULAR BUSINESS OF THE COMPANY

Re-Appointment Of Whole Director Of The Company

31-Mar-2026 | Source : BSE

Board of directors in their meeting held on 31st March 2026 Re-appointed the Whole time Director of the company for a further period of 18 Months with effect from 1st April 2026 to 30th September 2027 subject to approval of Share holders in upcoming general meeting as per the existing terms and condition

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
-3.97%
EBIT Growth (5y)
16.62%
EBIT to Interest (avg)
0.47
Debt to EBITDA (avg)
1.58
Net Debt to Equity (avg)
-0.38
Sales to Capital Employed (avg)
1.31
Tax Ratio
35.00%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
5.32%
ROCE (avg)
3.57%
ROE (avg)
1.39%

Valuation key factors

Factor
Value
P/E Ratio
51
Industry P/E
33
Price to Book Value
2.72
EV to EBIT
21.89
EV to EBITDA
20.08
EV to Capital Employed
3.78
EV to Sales
1.44
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
3.45%
ROE (Latest)
1.39%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bearish
Dow Theory
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 3 Schemes (4.11%)

FIIs

Held by 0 FIIs

Promoter with highest holding

Arvind Krishnagopal Machhar (15.63%)

Highest Public shareholder

Nagarjuna Finance Limited (3.37%)

Individual Investors Holdings

35.17%

stock-summaryFinancial
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    "alert": "No Nine Monthly Results declared by Machhar Industri"
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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
4.07
3.56
14.33%
Operating Profit (PBDIT) excl Other Income
0.42
0.19
121.05%
Interest
0.04
0.04
Exceptional Items
0.00
0.00
Consolidate Net Profit
0.29
0.02
1,350.00%
Operating Profit Margin (Excl OI)
10.32%
5.34%
4.98%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 14.33% vs 1.42% in Sep 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 1,350.00% vs -81.82% in Sep 2025

stock-summaryCompany CV
About Machhar Industries Ltd stock-summary
stock-summary
Machhar Industries Ltd
Micro Cap
Specialty Chemicals
Machhar Industries Limited is engaged in the business of conversion of Ammonium Nitrate Melt into Solid form on Job work basis at Bharuch Plant in Gujarat. It is also engaged in production of Diesel Exhaust Fluid (DEF) at Chitegaon Factory, Chhatrapati Sambhajinagar, Maharashtra. The Company was established in 2008 following the demerger of Anil Chemicals & Industries Limited. Machhar Industries is a leading industrial house located in Aurangabad, Maharashtra.
Company Coordinates stock-summary
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