Master Components quarterly results and financials

Master Components (MASTER)₹489.75+3.42%(9 Nov 2026 close)Plastic Products - Industrial

Key facts

In the Mar 2026 quarter (standalone), Master Components reported sales of ₹37.64 Cr, up 52.6% from Mar 2025, and net profit of ₹4.21 Cr, down 12.8% year on year. For the year to Mar 2026, sales were ₹74.32 Cr and net profit ₹7.45 Cr.

Sales (Mar 2026): ₹37.64 Cr
Net profit (Mar 2026): ₹4.21 Cr
Sales (FY Mar 2026): ₹74.32 Cr
Net profit (FY Mar 2026): ₹7.45 Cr
EPS (Mar 2026): ₹10.53
Borrowings (Mar 2026): ₹10.87 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Master Components quarterly results

₹ crore unless stated; each column is a quarter.

Master Components Quarterly results
	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Sales	11.48	13.79	17.74	24.66	36.78	37.64
Expenses	9.57	11.44	14.75	21.12	31.44	30.61
Operating Profit	1.92	2.38	2.98	3.55	5.34	7.00
OPM %	16.6%	17.1%	16.7%	14.3%	14.4%	18.5%
Other Income	0.01	0.26	0.35	3.23	0.13	0.14
Interest	0.06	0.03	0.05	0.17	0.28	0.56
Depreciation	0.51	0.42	1.04	0.17	0.84	0.93
Profit before tax	1.37	2.20	2.25	6.46	4.35	5.65
Tax %	27.2%	23.3%	25.0%	25.3%	25.4%	25.4%
Exceptional items	0.00	0.00	0.00	2.38	0.00	0.00
Net Profit	1.01	1.68	1.68	4.83	3.25	4.21
EPS (Rs)	2.51	4.19	4.19	12.07	8.11	10.53

Master Components profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Master Components Profit and loss
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	15.03	13.23	18.23	20.68	25.22	42.35	74.32
Expenses	12.01	11.00	15.96	17.54	20.97	35.87	61.92
Operating Profit	3.01	2.22	2.26	3.17	4.29	6.51	12.35
OPM %	19.9%	16.7%	12.3%	15.2%	16.9%	15.3%	16.5%
Other Income	0.28	0.01	0.08	0.19	0.28	3.59	0.27
Interest	0.44	0.28	0.19	0.12	0.08	0.20	0.83
Depreciation	0.95	0.93	0.84	0.82	0.94	1.21	1.77
Profit before tax	1.91	1.05	1.32	2.43	3.56	8.71	10.01
Tax %	30.5%	26.9%	27.5%	29.4%	24.8%	25.3%	25.3%
Exceptional items	0.00	0.00	0.00	0.00	0.00	2.99	0.00
Net Profit	1.33	0.77	0.95	1.72	2.69	6.50	7.45
EPS (Rs)	44.06	25.39	31.41	5.19	6.71	16.25	18.65
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Master Components balance sheet

₹ crore, at each year end.

Master Components Balance sheet
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.31	0.31	0.31	3.31	4.01	4.01	4.01
Reserves	7.94	8.70	9.65	8.34	19.01	25.44	32.78
Borrowings	3.77	2.17	1.73	0.93	−0.13	4.01	10.87
Other Liabilities	2.59	3.02	3.18	4.02	3.47	9.59	11.52
Total Liabilities	14.61	14.20	14.87	16.60	26.36	43.05	59.18
Fixed Assets	7.97	7.77	7.17	7.11	10.14	24.14	27.70
CWIP	0.00	0.00	0.00	0.87	0.62	0.00	0.24
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	6.64	6.43	7.70	8.62	15.60	18.91	31.24
Inventories	1.70	1.95	3.13	2.71	2.19	6.45	9.04
Trade receivables	3.47	4.05	4.11	4.58	5.53	9.24	14.91
Cash & equivalents	0.55	0.01	0.00	0.11	6.04	0.22	3.00
Total Assets	14.61	14.20	14.87	16.60	26.36	43.05	59.18

Master Components cash flow

₹ crore, for each year.

Master Components Cash flow
	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	2.04	0.81	2.61	2.09	1.69	2.25
Cash from investing activity	−0.70	−0.21	−1.63	−3.72	−11.44	−5.54
Cash from financing activity	−1.85	−0.58	−0.84	7.55	3.93	6.07
Net cash flow	−0.53	0.00	0.10	5.93	−5.82	2.77
Capex	0.71	0.25	0.78	3.96	12.03	5.31
Free cash flow	1.30	0.57	0.94	−1.64	−9.76	−3.32
CFO / OP %	104.0%	52.0%	82.0%	49.0%	26.1%	18.1%

Master Components ratios

Working-capital days and returns, by year.

Master Components Ratios
	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	84	112	82	80	80	79	73
Inventory days	61	76	83	76	52	92	81
Days payable	43	79	53	73	43	77	53
Cash conversion cycle	103	109	113	84	90	95	102
Working capital days	56	74	69	74	94	53	48
ROCE %	—	11.3%	13.7%	20.9%	20.5%	20.2%	26.6%

Master Components: frequently asked questions

What are the latest quarterly results of Master Components?

For the Mar 2026 quarter, Master Components reported sales of ₹37.64 Cr, up 52.6% year on year and net profit of ₹4.21 Cr, down 12.8% year on year. The operating margin was 18.5%.

What is the annual revenue of Master Components?

Master Components' sales for the year to Mar 2026 were ₹74.32 Cr.

What is the net profit of Master Components?

Net profit for the year to Mar 2026 was ₹7.45 Cr. Earnings per share over the same trailing period were ₹18.65.

How much debt does Master Components have?

Master Components reported borrowings of ₹10.87 Cr at Mar 2026, against cash and equivalents of ₹3 Cr.

What is the free cash flow of Master Components?

Cash from operations was ₹2.25 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.32 Cr.

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