Skip to content

    Master Components Limited

    Nashik-based precision manufacturer of thermoplastic and thermoset moulded engineering plastic components and sub-assemblies for electrical, automotive, industrial, healthcare and defence-aligned OEMs.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹176 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital00034444
    Reserves8910819252933
    Borrowings4221-04911
    Other Liabilities33343101011
    Total Liabilities1514151726435259
    AssetsFixed Assets887710242628
    CWIP00011000
    Investments00000000
    Other Assets768916192531
    Total Assets1514151726435259

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating213222
    Cash from Investing-1-0-2-4-11-6
    Cash from Financing-2-1-1846
    SummaryCapital Expenditure
    Free Cash Flow111-2-10-3
    FCF Margin

    Valuation

    Assumptions

    Current — MASTER
    Price
    ₹357
    EPS (TTM)
    ₹27.11
    PE (TTM)
    13.2
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (13.8×) and current (13.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹357
    vs
    Fair value · 15% return
    ₹244
    32%Overvalued

    At 10% growth and a 13× exit, ₹357 only delivers your return if you pay ₹244. The price is currently baking in 18% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 13×.

    YearGrowthEPS (₹)
    FY2710.0%29.82
    FY2810.0%32.80
    FY2910.0%36.08
    FY3010.0%39.69
    FY3110.0%43.66
    FY328.0% ·fade47.15
    FY336.0% ·fade49.98

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Master Components Limited

    Guides on how to read this kind of business and the numbers that matter.