Master Components Limited

Master Components Limited

NNSE:MASTER
393.35
INR
-1.10
(-0.28%)
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
37.6
32.77
45.27
51.77
69.28
105.99
185.95
- -
Basic EPS, GAAP
3.3
1.93
2.34
4.28
7.33
16.23
18.61
- -
Free Cash Flow per Basic Share
4.89
3.26
1.34
2.4
-5.18
-25.95
-8.28
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.5
- -
Book Value per Share
20.62
22.53
24.87
29.13
57.49
73.73
91.97
29.13
Tangible Book Value per Share
20.62
22.53
24.87
29.13
57.49
73.73
91.97
29.13
Basic Weighted Avg Shares
4
4
4
4
4
4
4
4
Sales/Revenue/Turnover
150
131
181
207
253
424
744
- -
Operating Margin (%)
15.18
9.81
8.06
11.65
13.18
12.43
14.13
- -
Depreciation Expense
10
9
9
8
9
12
18
- -
Net Income, GAAP
13
8
9
17
27
65
74
- -
Effective Tax Rate (%)
30.56
26.72
28.07
29.35
24.75
25.19
25.36
- -
Profit Margin (%)
8.79
5.89
5.18
8.26
10.58
15.31
10.01
- -
Working Capital
29
27
35
43
125
64
127
43
LT Debt
23
11
3
3
- -
- -
32
3
Total Equity
82
90
99
117
230
295
368
117
Return on Invested Capital (%)
- -
8.04
9.14
13.45
13.53
21.67
18.42
- -
Return on Capital (%)
- -
8.29
9.2
14.62
15.32
23.4
19.1
- -
Return on Common Equity (%)
- -
8.94
9.89
15.84
15.44
24.74
22.46
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'23
ST Debt
6
LT Borrowings
3
LT Finance Leases
- -
Preferred Equity and Hybrid Capital
- -
Shares Outstanding
4
Market Capitalization
- -

Working Capital

INR

•

in mil. unless spec.
Mar'23
Total Current Assets
85
Cash, Cash Equivalents & STI
1
Accounts Receivable, Net
46
Inventories
27
Total Current Liabilities
42
Payables & Accruals
- -
ST Debt
6
Deferred Revenue
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
35.57%
24.74%
Free Cash Flow
- -
20.82%
-68.1%
Net Income, GAAP
- -
63.53%
14.64%
Sales/Revenue/Turnover
- -
43.55%
75.41%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
253
2025
- -
- -
424
2026
- -
- -
744

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7.33
2025
- -
- -
16.23
2026
- -
- -
18.61

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
0.5

Company Description

CEO
Shrikant Hanmant Joshi
Sector
Producer manufacturing
Industry
Miscellaneous manufacturing
Address
Plot No. D-10/A, MIDC Ambad Nashik MA India 422010
IPO Date
Sep 18, 2023
Business
Master Components Ltd (MASTER.NS) manufactures plastic engineering components and sub-assemblies for the electrical, automotive, medical, industrial, and home appliances sectors. The company offers thermoplastic injection moulding; thermoset injection moulding; thermoset transfer moulding; compression moulding; precision components, sub-assemblies, and assemblies; mould design and manufacturing; reverse engineering; product design; and additive manufacturing services. IATF 16949:2016 and ISO 9001:2015 certified, it serves diverse engineering and allied industries from its facilities in Nashik, India, with operations focused domestically. Incorporated in 1999 and headquartered at Plot No. D-10/A and D-10/B, M.I.D.C. Ambad, Nashik, Maharashtra, the company operates as part of the Master Group, which includes Master Moulds Pvt Ltd and Master Nidavellir AeroMed Pvt Ltd. It listed on the NSE Emerge platform following its initial public offering in 2023, transitioning from Master Components Pvt Ltd to its current incorporated status. In recent developments, Master Components entered a five-year licensing agreement effective April 1, 2025, for a new manufacturing facility in Nashik at a monthly rent of Rs 475,000 with five percent annual escalation to expand production of components, tools, moulds, and machine tools. The company placed a Rs 47.7 lakh order in July 2025 for an injection moulding machine with robot interface, delivery scheduled by August 30, 2025, to enhance capabilities. It held its 26th annual general meeting on August 4, 2025, approving financials, declaring a final dividend of Rs 0.50 per share, reappointing directors, and appointing M/s MDSB & Co. LLP as secretarial auditor for FY 2025-26 to 2029-30; the company also installed solar panels to shift major energy loads to alternate sources.