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Machino Plastics Ltd. Stock Analysis

Small Cap
Evaluated by 136 users | BSE: 523248 | NSE: |
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Machino Plastics started as an alliance among the Machino Group, Maruti Udyog Limited and Suzuki Motor Corporation, Japan. A state-of-the-art plant was set up in 1987 within the Maruti Udyog Limited Joint Venture complex for moulding large components like bumpers, instrument panels and...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 4.28%1.29%2.13%0.78%5.86%3.25%5.72%5.86%2.98%0.48%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 159152170166196205259306303242
Y-o-Y Gr. Rt.--4.2%11.3%-1.9%18.1%4.2%26.5%18.1%-1%-20.1%
Adjusted EPS (Rs.) 1.78-3.1-1.38-3.963.952.437.457.60.76-7.48
Y-o-Y Gr. Rt.--274.2%NANANA-38.5%206.6%2%-90%-1084.2%
Book Value per Share (Rs.) 74.5672.9370.7766.8469.471.8978.5184.0383.6675.39
Adjusted Net Profit 1.1-1.9-0.8-2.42.41.54.64.70.5-4.6
Net Op. Cash Flow (Rs. Cr.) 11.67.723.118.916.922.1-8.134.228.828
Debt to Cash Flow from Ops 4.47.032.332.752.681.59-13.82.973.973.24
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Machino Plastics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.8%4.3%-2.2%-20.1%
Adjusted EPS -217.3%-213.6%-200.1%-1084.2%
Book Value per Share 0.11.7-1.3-9.9
Share Price 0% -14.1% -37.8% -23%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.9-3.16-1.43-4.254.282.678.187.820.76-7.84
Operating Profit Margin (%) 11.229.159.98.289.349.810.159.118.517.7
Net Profit Margin (%) 0.69-1.25-0.5-1.461.240.731.771.520.15-1.9
Debt to Equity 1.111.221.241.271.060.82.321.972.231.96
Working Capital Days 50544549413345636771
Cash Conversion Cycle 5212932262432475050
Entity Percentage Holding
Promoters 73.53%
Institutions 0.01%
Non-Institutions 26.38%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Machino Plastics's performance infers:

Machino Plastics earnings have declined by -213.6%, whereas share price has depreciated -14.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Machino Plastics share prices over the last 10 years. Here is what we found out:

Machino Plastics share price has depreciated -3.8% annually over the past ten years.

Machino Plastics started as an alliance among the Machino Group, Maruti Udyog Limited and Suzuki Motor Corporation, Japan. A state-of-the-art plant was set up in 1987 within the Maruti Udyog Limited Joint Venture complex for moulding large components like bumpers, instrument panels and radiator grills for entire range of Maruti cars.

The company grew rapidly and Machino Polymers Ltd. was set up in 1995. A joint venture with Himont, Italy led to the establishment of Machino Montell India

Machino Plastics started as an alliance among the Machino Group, Maruti Udyog Limited and Suzuki Motor Corporation, Japan. A state-of-the-art plant was set up in 1987 within the Maruti Udyog Limited Joint Venture complex for moulding large components like bumpers, instrument panels and radiator grills for entire range of Maruti cars.

The company grew rapidly and Machino Polymers Ltd. was set up in 1995. A joint venture with Himont, Italy led to the establishment of Machino Montell India Ltd., currently known as Machino-Basell India Ltd situated in Gurgaon, India for manufacturing advanced PP compounds.

The company has an extensive customer base that includes Maruti Udyog Limited, Eicher Motors Ltd., Whirlpool India Ltd.,Suzuki Motorcycles India Pvt. Ltd,Haier Appliances (India) Pvt. Ltd. and Schefenacker Motherson Ltd.

The manufacturing plant at Gurgaon, India boasts of micro processor based Japanese injection moulding machines, a sophisticated design department and highly skilled employees.

Products and services offered by the company:

The company is engaged in manufacturing and marketing of large size injection moulded automotive components for the automotive industry. The components include bumpers, instrument panels and grills as original equipment and for spare parts market for Maruti Udyog Limited.

  • Foldable pallet box
  • Collapsible Pallets
  • Injection Moulded Pallets

Services offered by the company:

Machino Plastics Ltd offers its range of services in CAD/CAM/CAE, related to new product development, design engineering and manufacturing. MPL uses Catia V5 to develop the new products from its conceptualization to final finished stage.

  • Product Design
  • Surface Modelling
  • Solid Modelling
  • Tool Design
  • Jigs & Fixtures Design
  • NC Programming
  • Assembly Modelling
  • 2D to 3D conversion
  • Reverse Engineering
  • Analysis, Validation and design Optimisation

Achievements/ recognition:

  • ISO 9002 (AIV, Belgium; 1996)
  • QS 9000 (AIV, Belgium; 2000)
  • ISO 14000 (BSI, 2002)
  • ISO/TS 16949 (AIV, Belgium; 2003)
  • OHSAS 18001 (BSI, 2003)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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