Master Components share price & results
- Mar 2026
- Mar 2026
Nashik-based precision manufacturer of thermoplastic and thermoset moulded engineering plastic components and sub-assemblies for electrical, automotive, industrial, healthcare and defence-aligned OEMs.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 37.6 | +52.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 18.5 | +4.2 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.2 | −12.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +9.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -4.15 | +20.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +7.4 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +4.4% 1Y
1Y: ₹360 on 24 Oct 2025 → ₹375.95. High ₹500.25 (4 Aug 2026), low ₹284.65 (25 Mar 2026).
- Previous close
- ₹375.95
- Market cap
- ₹163 Cr
- 52-week range
- ₹284.65 – ₹500.25
- One year
- +5.01%
- Price to earnings (FY ending Mar 2026)
- 21.91×
- Return on equity (FY ending Mar 2026)
- 22.45%
Overview
- Symbol
- NSE:MASTER
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Master Components Limited does
Based on the company's own presentations, annual report and earnings calls.
Master Components Limited manufactures engineering plastic components, sub-assemblies and assemblies using thermoplastic injection moulding, thermoset injection moulding, transfer moulding and compression moulding. It earns by supplying these moulded parts to long-standing OEM customers across the electrical, automotive, industrial, healthcare, childcare, precast and defence-aligned sectors, including customers such as Lauritz Knudsen (formerly L&T Switchgear). The company operates from its original Ambad MIDC facility in Nashik and, from FY 2025-26, an additional manufacturing facility taken on a five-year licensing arrangement to expand installed capacity.
Segments
- Plastic engineering components & sub-assemblies
- Manufacturing facilities
- 2 in Nashik — original Ambad MIDC unit + additional facility under a 5-year licensing arrangement (operational from FY 2025-26)
- Workforce
- ~250 (on-roll + contract, across facilities, FY 2025-26)
- Moulding processes
- 4 — thermoplastic injection, thermoset injection, transfer, and compression moulding
- Quality certifications
- IATF 16949:2016, ISO 9001:2015
- Zero Waste to Landfill rating
- Silver (DIN SPEC 91436, certified by TÜV SÜD) — over 90% of operational waste diverted from landfill
- End-markets served
- Electrical, automotive, industrial, healthcare, childcare, precast and defence-aligned sectors
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −13% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 10 | 11 | 14 | 18 | 25 | 37 | 38 |
| Expenses | 8 | 10 | 11 | 15 | 21 | 31 | 31 |
| Operating profit | 2 | 2 | 2 | 3 | 4 | 5 | 7 |
| Operating margin | 16.4% | 16.6% | 17.2% | 16.8% | 14.3% | 14.5% | 18.5% |
| Other income | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 1 | 0 | 1 | 0 | 1 | 1 |
| Profit before tax | 1 | 1 | 2 | 2 | 6 | 4 | 6 |
| Tax rate | 30.1% | 27.2% | 23.3% | 25.0% | 25.3% | 25.4% | 25.4% |
| Net profit | 1 | 1 | 2 | 2 | 5 | 3 | 4 |
| EPS (₹ per share) | 28.33 | 2.50 | 4.18 | 4.18 | 12.05 | 8.10 | 10.50 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 3 | 4 | 4 | 4 | 4 |
| Reserves | 10 | 8 | 19 | 25 | 29 | 33 |
| Borrowings | 2 | 1 | -0 | 4 | 9 | 11 |
| Other liabilities | 3 | 4 | 3 | 10 | 10 | 11 |
| Total liabilities | 15 | 17 | 26 | 43 | 52 | 59 |
| Fixed assets | 7 | 7 | 10 | 24 | 26 | 28 |
| Capital work in progress | 0 | 1 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 8 | 9 | 16 | 19 | 25 | 31 |
| Total assets | 15 | 17 | 26 | 43 | 52 | 59 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | 1 | 3 | 2 | 2 | 2 |
| Cash from investing | -1 | -0 | -2 | -4 | -11 | -6 |
| Cash from financing | -2 | -1 | -1 | 8 | 4 | 6 |
| Net cash flow | -1 | -0 | 0 | 6 | -6 | 3 |
| Free cash flow | 1 | 1 | 1 | -2 | -10 | -3 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 112 | 82 | 80 | 80 | 79 | 73 |
| Inventory days | 76 | 83 | 76 | 52 | 92 | 81 |
| Days payable | 78 | 52 | 72 | 42 | 76 | 52 |
| Cash conversion cycle | 109 | 113 | 84 | 90 | 95 | 102 |
| Working capital days | 74 | 69 | 74 | 94 | 53 | 48 |
| Return on capital employed | 11.3% | 13.7% | 20.9% | 20.4% | 20.2% | 26.6% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- 5.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 67.10% as of Mar 2026; institutions added 0.06 pts since Sept 2025.
- Promoters 67.10%
- Domestic institutions 2.85%
- Public 30.05%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.13% held
- newly disclosed 1.00% held
- newly disclosed 1.00% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Master Components Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 17.76% | unchanged | |
| 16.70% | unchanged | |
| 10.73% | unchanged | |
| 10.73% | unchanged | |
| 4.83% | unchanged | |
| 3.63% | unchanged | |
| AIF | 2.26% | unchanged |
| 2.05% | unchanged | |
| 2.05% | unchanged | |
| 1.38% | unchanged | |
| 1.15% | unchanged | |
| 1.13% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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