MoneyWorks4Me

Msafe Equipments Ltd (544695)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544695 NSE: Aluminium & Aluminium Products | Small Cap | Msafe Equipments Share Price

₹288.80 -15.20 (-5.00%)

As on 21-Sep'26 16:59

Msafe Equipments Ltd (544695)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544695 NSE: Aluminium & Aluminium Products | Small Cap | Msafe Equipments Share Price

₹288.80 -15.20 (-5.00%)

As on 21-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹589 Cr.
Current Price
₹288.8
52-Week Low / High
₹102 / 329
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
10.2
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
45.08%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
73.23%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹20.4 Cr.
Face Value
₹10
All Time Low / High
₹102.00 / 328.80

Msafe Equipments stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Weak
Q.1 Is Msafe Equipments Ltd a good quality company?
Msafe Equipments Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Msafe Equipments Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Msafe Equipments Ltd vs industry peers?
Msafe Equipments Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Msafe Equipments Ltd?
Promoters hold 73.23% of the Msafe Equipments Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Msafe Equipments Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Msafe Equipments Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 23.4%33.3%41.6%34.3%-
Value Creation
Index
0.71.42.01.5-

Growth Parameters

Sales 29.748.171.3104104
Sales YoY Gr.-62.1%48.2%45.1%-
Adj EPS 2.54.48.211.911
YoY Gr.-76.8%88.3%45.8%-
BVPS (₹) 3.87.9164851.6
Adj Net
Profit
3.9713.124.422
Cash Flow from Ops. 4.56.514.411.5-
Debt/CF from Ops. 4.542.33.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA51.6%45.1%
Adj EPS NANA69.3%45.8%
BVPSNANA133%199.7%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
64.674.368.439.422.1
Op. Profit
Mgn %
32.532.636.942.439.3
Net Profit
Mgn %
13.214.518.423.521.7
Debt to
Equity
3.42.11.30.4-
Working Cap
Days
01141261480
Cash Conv.
Cycle
040631010

Valuation of Msafe Equipments - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

data not found
No data found!
data
No data found!
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No data found!
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No data found!

Top 5 Mutual Funds Holding

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Announcements

Msafe Equipments Ltd FAQs

The current trading price of Msafe Equipments on 21-Sep-2026 16:59 is ₹288.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2026 the market cap of Msafe Equipments stood at ₹589.1 Cr

The latest P/E ratio of Msafe Equipments as of 20-Sep-2026 is 26.28.

The latest P/B ratio of Msafe Equipments as of 20-Sep-2026 is 5.60.

The 52-week high of Msafe Equipments is ₹328.8 and the 52-week low is ₹102.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Msafe Equipments is ₹104 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Msafe Equipments Ltd is a below average quality company.

The key valuation ratios of Msafe Equipments Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Msafe Equipments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Msafe Equipments Ltd

Msafe Equipments, incorporated in 2019, is engaged in the business of manufacturing, sales and rental of access and height-safety equipments, primarily used to facilitate safe working at heights. These products provide safe and stable access for vertical and elevated operations, enabling workers to undertake a wide range of activities such as building exterior works (including facade and cladding installation), painting and plastering, HVAC and MEP works, electrical cabling and fittings, ceiling and interior finishing, fire-fighting works and warehouse stacking and retrieval, among others, while significantly reducing the risk of workplace accidents. 

Its revenues are derived from two primary sources -- sale of products and rental services. Under the rental model, it provides aluminium scaffoldings, ladders and MS scaffoldings on weekly, fortnightly or monthly terms to customers across India. This model enables customers to access scaffolding systems without upfront capital investment, while providing the company with recurring revenue streams.

The company’s operations are supported by a network of warehouses located across Assam, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Chennai, and West Bengal. These facilities are used for storage, dispatch and collection of products supplied or rented to customers. They are also utilized for inspection, refurbishment, and quality checks of equipment returned under the rental model. The warehouses facilitate servicing of customers in the respective regions and support both the sales and rental operations. It undertakes in-house product development and design as part of its business operations, with a focus on developing safe and market-relevant access solutions. It employs industry-standard software tools such as SolidWorks and other CAD applications for structural and product design.

Business area of the company 

The company is engaged in the business of manufacturing, sales and rental of access and height-safety equipments, primarily used to facilitate safe working at heights. Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic (FRP) ladders, which are designed to meet varied operational and safety requirements across construction, maintenance, installation, repair and infrastructure development activities.

Products and services of the company

Products 

  • Aluminium Scaffolding
  • Ladder (Aluminium & FRP)
  • Mild Steel (MS) Scaffolding
  • Aerial Work Platform - Scissor lift

Rental Services

  • Aluminium Scaffolding
  • Ladder (Aluminium & FRP)
  • Mild Steel (MS) Scaffolding
  • Aerial Work Platform - Scissor lift

Awards, accreditations and recognition 

  • 2022: Won MSME Leadership Award 2022 by Dainik Jagran.
  • 2025: Won MSME Global Platinum Business Excellence Award.

History and milestones

  • 2019: Incorporation of the company as ‘Msafe Equipments Private Limited’.
  • 2023-24: Commenced manufacturing operations (Aluminium Scaffolding and Ladders) from Unit-I and Unit-II.
  • 2024-25: Commenced manufacturing operations of MS Scaffolding at 080, Ecotech-VI, Kasna, Greater Noida.
  • 2024-25: Revenue from operations crossed Rs 7,000 lakh in Fiscal 2024-25.
  • 2025: Conversion of company into Limited Company.
  • 2025: Shifted manufacturing operations of MS Scaffolding to Unit-III.

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