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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

₹153.20 -1.60 (-1.03%)

As on 12-Jun'26 16:01

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

₹153.20 -1.60 (-1.03%)

As on 12-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹316 Cr.
Current Price
₹153.2
52-Week Low / High
₹102 / 176
TTM EPS
₹11
TTM Sales
₹104 Cr.
Book Value per Share
₹46.5
P/E Ratio
14.09
Lower than its 5-year historical median
Industry PE
12.2
Price to Book (P/B)
3.33
Higher than its 5-year historical median
Price to Sales (P/S)
3.05
Lower than its 5-year historical median
EV/EBITDA
8.40
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
67.97%
Outperforms industry median
Return on Capital Employed (ROCE)
41.61%
Outperforms industry median
Return on Assets (ROA)
21.53%
Operating Profit Margin
36.9%
Net Profit Margin
18.24%
Gross Profit Margin
33.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
48.22%
Operating Profit Growth (1 Year)
-
72.49%
Net Profit Growth (1 Year)
-
98.63%
Asset Quality
Promoter Holding
72.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹74 Cr.
Equity
₹20.4 Cr.
Face Value
₹10
All Time Low / High
₹102.00 / 175.95

Msafe Equipments stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Msafe Equipments Ltd a good quality company?
Msafe Equipments Ltd is a average quality company, based on a somewhat consistent 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.

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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.

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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 0.00%, compared to the industry median CAGR of 6.7%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Msafe Equipments Ltd?
Promoters hold 72.84% 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.
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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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ23.4%33.3%41.6%-
Value Creation
Index ⓘ		0.71.42.0-

Growth Parameters ⓘ
Sales ⓘ29.748.171.3104
Sales YoY Gr.-62.1%48.2%-
Adj EPS ⓘ2.54.48.211
YoY Gr.-76.8%88.3%-
BVPS (₹) ⓘ3.87.91646.5
Adj Net
Profit ⓘ		3.9713.122
Cash Flow from Ops. ⓘ4.56.514.4-
Debt/CF from Ops. ⓘ4.542.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA48.2%
Adj EPS ⓘNANANA88.3%
BVPSⓘNANANA102.9%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		64.674.368.435.2
Op. Profit
Mgn % ⓘ		32.532.636.9NAN
Net Profit
Mgn % ⓘ		13.214.518.421.7
Debt to
Equity ⓘ		3.42.11.3-
Working Cap
Days ⓘ		01141350
Cash Conv.
Cycle ⓘ		040590

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales304871
Operating Expenses ⓘ + 203345
Manufacturing Costs422
Material Costs61319
Employee Cost 358
Other Costs ⓘ 71316
Operating Profit ⓘ 91526
Operating Profit Margin (%) 31.1%31.4%36.6%
Other Income ⓘ + 000
Exceptional Items ⓘ 000
Interest ⓘ 123
Depreciation ⓘ 356
Profit Before Tax ⓘ 5917
Tax ⓘ 124
Profit After Tax 4713
PAT Margin (%) 12.3%13.6%18.2%
Adjusted EPS (₹)2.34.18.1
Dividend Payout Ratio (%)0%0%0%

Valuation of Msafe Equipments - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 61326
Share Capital ⓘ 111
Reserves ⓘ 51225
Debt +172230
Long Term Debt445
Short Term Debt131826
Minority Interest000
Trade Payables446
Others Liabilities ⓘ 6911
Total Liabilities ⓘ 344873

Fixed Assets

Net Fixed Assets ⓘ +222739
Gross Block273653
Accumulated Depreciation5813
CWIP ⓘ 000
Investments ⓘ 110
Inventories139
Trade Receivables71216
Cash Equivalents 001
Others Assets ⓘ 248
Total Assets ⓘ 344873

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 5614
PBT ⓘ 5917
Adjustment ⓘ 579
Changes in Working Capital ⓘ -5-8-10
Tax Paid ⓘ -1-1-3
Cash Flow From Investing Activity ⓘ + -13-10-18
Capex -13-10-19
Net Investments -001
Others ⓘ 000
Cash Flow From Financing Activity ⓘ + 934
Net Proceeds from Shares ⓘ 000
Net Proceeds from Borrowing ⓘ 3-01
Interest Paid ⓘ -1-2-3
Dividend Paid ⓘ 000
Others ⓘ 766
Net Cash Flow ⓘ 000

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)59.9469.9967.97
ROCE (%)23.4333.2541.61
Asset Turnover Ratio0.891.181.18
PAT to CFO Conversion(x)1.250.861.08
Working Capital Days
Receivable Days87.307272
Inventory Days9.7016.2032.20
Payable Days246.30118.50107.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Msafe Equipments Ltd FAQs

The current trading price of Msafe Equipments on 12-Jun-2026 16:01 is ₹153.2.

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 11-Jun-2026 the market cap of Msafe Equipments stood at ₹315.8 Cr

The latest P/E ratio of Msafe Equipments as of 11-Jun-2026 is 14.09.

The latest P/B ratio of Msafe Equipments as of 11-Jun-2026 is 3.33.

The 52-week high of Msafe Equipments is ₹175.9 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 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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