Machhar Industries Limited

BSE: MACIND543934ISIN INE01BT01015

Commodities
Specialty Chemicals

Share price

₹370.50-19.50 (-5.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹449.40
52W low: ₹221.20
Off 52W high: -17.56%
1M return: +0.79%
3M return: +15.85%
6M return: +12.27%
1Y return: +27.32%
20D avg volume: 109
50 DMA: ₹376.68
200 DMA: ₹325.69

Key ratios Consolidated

Market cap: ₹27.45 Cr
Current price: ₹370.50
52W high / low: ₹449.40 / ₹221.20
Face value: ₹10.00
P/E: 33.07
P/B: 2.88
EPS (TTM): ₹11.20
Book value / share: ₹128.58
ROE: —
ROCE: 9.60%
Operating margin: —
Net margin: —
Debt / equity: 0.25
Net debt: ₹-1.09 Cr
Interest cover: 6.25
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 50.5 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	4.58	6.08	4.43	4.07	3.56	3.51	4.01	3.35	3.62	4.69	—
	0.07	0.05	0.09	0.04	0.08	0.04	0.09	0.04	0.21	0.05	—
	4.66	6.13	4.51	4.11	3.64	3.55	4.11	3.39	3.83	4.75	—
	4.32	5.74	4.25	3.78	3.52	3.43	3.89	3.62	3.80	4.58	—
	1.15	1.80	0.87	0.55	0.71	0.77	0.71	0.57	0.50	0.91	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.45	0.48	0.36	0.21	0.20	0.45	0.66	0.56	0.56	0.55	—
	0.03	0.04	0.04	0.04	0.03	0.04	0.08	0.07	0.05	0.07	—
	0.10	0.10	0.09	0.09	0.11	0.11	0.05	0.12	0.12	0.12	—
	2.60	3.33	2.87	2.90	2.50	2.05	2.40	2.29	2.57	—	—
	0.34	0.40	0.27	0.33	0.13	0.12	0.22	-0.23	0.03	0.17	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.34	0.40	0.27	0.33	0.13	0.12	0.22	-0.23	0.03	0.17	—
	0.25	0.11	0.11	0.04	0.10	0.00	0.14	0.15	0.02	0.03	—
	0.09	0.29	0.16	0.29	0.02	0.11	0.08	-0.08	0.02	0.14	—
	1.24	3.89	2.16	3.88	-1.49	4.52	1.02	-2.85	-0.40	1.57	—
Key metrics
	0.47	0.54	0.40	0.46	0.27	0.27	0.35	-0.04	0.20	0.36	—
	10.30%	8.90%	9.00%	11.30%	7.60%	7.70%	8.70%	-1.20%	5.50%	7.70%	—
	2.00%	4.80%	3.60%	7.10%	0.60%	3.10%	2.00%	-2.40%	0.60%	3.00%	—
	3.60%	—	3.00%	—	1.60%	—	3.00%	—	—	—	—
	28.70%	73.20%	10.50%	21.50%	-1.70%	-25.20%	—	—	—	—	—
	350.00%	163.60%	100.00%	462.50%	0.00%	-21.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	19.16	15.56	15.68	—
	0.25	0.26	0.40	—
	19.41	15.82	16.08	—
	18.09	14.98	15.89	—
	4.37	2.91	2.69	—
	0.00	0.00	0.00	—
	1.50	1.42	2.33	—
	0.15	0.16	0.25	—
	0.38	0.39	0.42	—
	11.70	10.11	10.19	—
	1.34	0.84	0.19	—
	0.00	0.00	0.00	—
	1.34	0.84	0.19	—
	0.51	0.26	0.04	—
	0.83	0.58	0.15	—
	11.17	7.87	-0.66	—
Key metrics
	1.87	1.39	0.86	—
	9.76%	8.90%	5.50%	—
	4.33%	3.70%	1.00%	—
	—	9.60%	4.40%	—
	32.78%	-0.80%	—	—
	538.46%	286.70%	—	—
	—	0.58	-0.01	—
	—	1.72	1.27	—
	—	0.25	0.26	—
	—	-1.09	-0.43	—
	—	50.5	46.1	—
Balance sheet
	—	13.85	13.03	—
	—	8.47	7.69	—
	—	3.54	2.80	—
	—	1.62	1.58	—
	—	1.23	1.00	—
	—	—	0.00	—
	—	4.78	4.74	—
	—	0.70	0.60	—
	—	3.39	3.00	—
	—	2.45	2.37	—
	—	2.16	1.90	—
	—	0.29	0.47	—
	—	9.69	9.15	—
Cash flow
	—	1.00	0.19	—
	—	-0.18	-0.97	—
	—	-0.08	0.98	—
	—	0.42	0.20	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	4.58	6.08	4.43	4.07	3.56	3.51	4.01	3.35	3.62	4.69	—
	0.07	0.05	0.09	0.04	0.08	0.04	0.09	0.04	0.21	0.05	—
	4.66	6.13	4.51	4.11	3.64	3.55	4.11	3.39	3.83	4.75	—
	4.32	5.73	4.25	3.78	3.52	3.43	3.89	3.62	3.80	4.58	—
	1.15	1.80	0.87	0.55	0.71	0.77	0.71	0.57	0.50	0.91	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.45	0.48	0.36	0.35	0.19	0.45	0.66	0.56	0.56	0.55	—
	0.03	0.04	0.04	0.04	0.04	0.04	0.08	0.07	0.05	0.07	—
	0.10	0.10	0.09	0.09	0.11	0.11	0.05	0.13	0.13	0.13	—
	2.60	3.32	2.87	2.76	2.49	2.05	2.40	2.28	2.57	2.91	—
	0.34	0.40	0.27	0.33	0.13	0.12	0.22	-0.23	0.03	0.17	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.34	0.40	0.27	0.33	0.13	0.12	0.22	-0.23	0.03	0.17	—
	0.25	0.11	0.11	0.04	0.10	0.00	0.14	0.15	0.02	0.03	—
	0.09	0.29	0.16	0.29	0.02	0.11	0.08	-0.08	0.01	0.14	—
	1.24	3.90	2.16	3.91	-1.48	4.52	1.03	-2.84	-0.40	1.58	—
Key metrics
	0.47	0.54	0.40	0.46	0.28	0.27	0.35	-0.03	0.21	0.37	—
	10.30%	8.90%	9.00%	11.30%	7.90%	7.70%	8.70%	-0.90%	5.80%	7.90%	—
	2.00%	4.80%	3.60%	7.10%	0.60%	3.10%	2.00%	-2.40%	0.30%	3.00%	—
	3.60%	—	3.00%	—	1.70%	—	3.00%	—	—	—	—
	28.70%	73.20%	10.50%	21.50%	-1.70%	-25.20%	—	—	—	—	—
	350.00%	163.60%	100.00%	462.50%	100.00%	-21.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	19.16	15.56	15.68	—
	0.25	0.26	0.40	—
	19.41	15.81	16.08	—
	18.08	14.97	15.89	—
	4.37	2.91	2.69	—
	0.00	0.00	0.00	—
	1.64	1.42	2.33	—
	0.15	0.16	0.25	—
	0.38	0.39	0.42	—
	11.55	10.10	10.19	—
	1.34	0.84	0.19	—
	0.00	0.00	0.00	—
	1.34	0.84	0.19	—
	0.51	0.26	0.04	—
	0.83	0.59	0.15	—
	11.21	7.90	-0.63	—
Key metrics
	1.87	1.39	0.86	—
	9.76%	8.90%	5.50%	—
	4.33%	3.80%	1.00%	—
	—	9.50%	4.40%	—
	32.78%	-0.80%	—	—
	538.46%	293.30%	—	—
	—	0.58	-0.01	—
	—	1.69	1.27	—
	—	0.25	0.26	—
	—	-1.08	-0.44	—
	—	50.5	46.1	—
Balance sheet
	—	13.70	12.88	—
	—	8.46	7.69	—
	—	3.53	2.80	—
	—	1.62	1.58	—
	—	1.23	1.00	—
	—	—	0.00	—
	—	4.78	4.74	—
	—	0.70	0.60	—
	—	3.21	2.83	—
	—	2.45	2.36	—
	—	2.16	1.89	—
	—	0.29	0.47	—
	—	9.72	9.18	—
Cash flow
	—	1.00	0.19	—
	—	-0.18	-0.97	—
	—	-0.08	0.98	—
	—	0.42	0.20	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +32.78%
Profit YoY (TTM): +538.46%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +32.78%
Profit YoY (TTM): +538.46%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 50.50%

Quarter	September 2026	June 2026
Promoter %	50.50%	50.50%

Holder	Type	Holding	Previous	Change
Arvind Krishnagopal Machhar	Promoter	15.63%	15.63%	0.00%
SHRI SAHYOG EXIBITORS (P) LTD	Promoter Group	8.85%	8.85%	0.00%
Nagarjuna Finance Limited	Public	3.37%	3.37%	0.00%
Reliance Capital Trustee Co Ltd	Public	3.37%	3.37%	0.00%
Kiran Anil Machhar	Promoter	3.21%	3.21%	0.00%
Nawnit Bhagwatiprasad Machhar	Promoter	2.96%	2.96%	0.00%
Ravi Krishnagopal Machhar	Promoter	2.54%	2.54%	0.00%
Sandip Bhagwatiprasad Machhar	Promoter	2.53%	2.53%	0.00%
Anil Bhagwatiprasad Machhar	Promoter	2.48%	2.48%	0.00%
Thakral Investments Holdings (Mauritius)	Public	1.69%	1.69%	0.00%
Sunil Bhagwatiprasad Machhar	Promoter	1.67%	1.67%	0.00%
Amrex Marketing Pvt Ltd	Public	1.62%	1.69%	-0.07%
Prabha Arvind Machhar	Promoter	1.25%	1.25%	0.00%
Prema Ravi Machhar	Promoter	1.03%	1.03%	0.00%
Suyog Sunil Machhar	Promoter	0.78%	0.78%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
Machhar Industries Limited	27	370.50	33.07	9.60%	+32.78% TTM	+538.46% TTM	+27.32%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Considered and Approved standalone and consolidated results for the quarter and half year ended as on 30th spt, 2026 and reappointment of whole Time Director subject to approval of members, ....23 Oct 2026 · Company Update / General
Considered and approved the Standalone and Consolidated financial results for the quarter and half year ended as on 30 th sept 2026 along with other agenda of the meeting23 Oct 2026 · Result / Financial Results
1. Considered and approved Unaudited standalone and consolidated financial results of the Company for the quarter and Six months ended as on 30th September, 2026. 2. Considered and approved ....23 Oct 2026 · Board Meeting / Outcome of Board Meeting
Disclosure of Vehicle Agreement entered in between company and Bank pursuant to the Regulation 30 of SEBI (LODR) Regulations 2015 and information13 Oct 2026 · Company Update / General
Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulations 2018 enclosed6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Machhar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2026 ,inter alia, to consider and approve Standalone and Consolidated ....6 Oct 2026 · Board Meeting / Board Meeting
Disclosures under Regulations 30 of Listing obligations and Disclosures Requirement Regulations 2015 regarding outcome of the 18th Annual General Meeting of the Company22 Sep 2026 · Company Update / General
Outcome of the 18th Annual General Meeting and Proceedings of the company22 Sep 2026 · AGM/EGM / AGM
Intimation of Book closure for the purpose of 18th Annual General Meeting (AGM) to be held on 22nd September, 202627 Aug 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Notice 18th Annual General Meeting (AGM) and Uploading of Annual Report to members.25 Aug 2026 · Company Update / General
This is to inform you that the 18th Annual General Meeting (AGM) of the Company is scheduled to be held on Tuesday, 22nd September, 2026 at 02.30 pm at the registered office of the company.25 Aug 2026 · AGM/EGM / AGM
Pursuant to Regulation 34(1) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Annual Report of the Company ....25 Aug 2026 · Others / Reg. 34 (1) Annual Report
Board of directors approved the quarterly unaudited financial results for the quarter ended as on 30th june 2026 along with other matters16 Jul 2026 · Company Update / General
Board of Directors in their duly held meeting today Thursday 16th July, 2026 considered approved and take on record the Unaudited quarterly financial results for the quarter ended as on ....16 Jul 2026 · Result / Financial Results
This is to inform in terms of Regulation 30 and Regulation 33 read with Schedule III of SEBI (Listing Obligations and disclosures Requirements) Regulations 2015 (SEBI LODR Regulations) ....16 Jul 2026 · Board Meeting / Outcome of Board Meeting
Submission of Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulations 2018 from RTA agent of the company for the Quarter ended as on 30th June, 202613 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Machhar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/07/2026 ,inter alia, to consider and approve and take on record the Un-Audited ....10 Jul 2026 · Board Meeting / Board Meeting
Intimation of closure of Trading Window for Designated persons29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Board of Directors Considered take on record and approved the Standalone and Consolidated Quarterly and Yearly Financial Results for the Quarter and Year Ended as on 31st March, 2026 and ....24 May 2026 · Company Update / General
Board of directors considered take on record and approved the Standalone and Consolidated quarterly and Yearly financial results for the quarter and year ended as on 31st March 2026 along ....24 May 2026 · Result / Financial Results
Outcome of the board of directors meeting for the Standalone and Consolidated quarterly and yearly results ended as on 31st March, 2026 along with Audited results and Audited Report for ....23 May 2026 · Board Meeting / Outcome of Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....5 May 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Machhar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2026 ,inter alia, to consider and approve This is to inform you that, ....21 Apr 2026 · Board Meeting / Board Meeting
Intimation of Compliance Certificate pursuant to Regulation 74 (5) of SEBI (DP) Regulations 2018 received from RTA agent for the Quarter ended as on 31st March, 20267 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Board of directors in their meeting held on 31st March, 2026 Re-appointed the Whole time Director of the company for a further period of 18 Months with effect from 1st April, 2026 to 30th ....31 Mar 2026 · Company Update / General
BOARD OF DIRECTORS APPROVED THE REAPPOINTMENT OF WHOLE TIME DIRECTOR OF THE COMPANY MR VYANKAT KATKAR AND DEFFERED THE STRIKE OFF MATTER OF JOINT VENTURE AND OTHER REGULAR BUSINESS OF THE COMPANY31 Mar 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Closure of Trading Window Pursuant to the SEBI (Prohibition of Insider Trading ) Regulations 2015 for the Quarter and year ended as on 31st March, 2026 for designated and ....30 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Machhar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/03/2026 ,inter alia, to consider and approve 01. Re-appointment of Whole ....24 Mar 2026 · Board Meeting / Board Meeting
DISCLOSURES UNDER REGULATION 30 FOR THE QUARTERLY RESULTS FOR THE QUATER ENDED AS ON 31ST DECEMBER, 2025 FOR THE STANDALONE AND CONSOLIDATED UNAUDITED QUARTERLY RESULTS OF THE COMPANY AND ....22 Jan 2026 · Company Update / General
Considered and approved and take on record the Un-audited Standalone and Consolidated Results for the Quartered Ended as on 31st December, 2025 and other allied matters22 Jan 2026 · Result / Financial Results
The meeting of the board of directors commenced on Tuesday 20th January, 2026 at 12.30 PM, adjourned and Resumed on 22nd January, 2026 by 02.00 pm and concluded by 04.00 PM with the following ....22 Jan 2026 · Board Meeting / Outcome of Board Meeting
This is to inform that the bord meeting held on Tursday January 20th 2026 stands adjourned as the financial quarterly standalone and consolidated results were not approved by the audit ....20 Jan 2026 · Company Update / General
This is to inform that, the Board Meeting held on Tuesday, January 20th, 2026 stands adjourned as the financial results were not approved by the Audit Committee and the meeting of Audit ....20 Jan 2026 · Company Update / General
Submission of Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018 for the Quarter ended as on 31st December, 2025 received from RTA agent of the Company7 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Machhar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/01/2026 ,inter alia, to consider and approve and take on record the Standalone ....6 Jan 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window for the purpose of Declaration of Un-audited Quarterly Results for the Third Quarter Ended as on 31st December, 2025 and other Regular business.30 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
General Disclosures Under Regulation 30A of LODR20 Nov 2025 · Others
Board of directors approved Unaudited Standalone and Consolidated Quarterly and Half yearly results for the period ended as on 30th Sept 2025 and other regular business of the company11 Nov 2025 · Others
Approved Unaudited Quarterly and Half yearly Standalone and Consolidated Results for the period ended as on 30th Sept 2025 and other regular business of the meeting11 Nov 2025 · Result / Financial Results
Board of directors approved the Unaudited Quarterly Standalone and Consolidated Results for the Second Quarter ended as on 30th Sept, 2025 and other regular business of the meeting11 Nov 2025 · Board Meeting / Outcome of Board Meeting

Board meetings

23 Oct 2026 Board Meeting - Financial Results
16 Jul 2026 Board Meeting - Financial Results