Marshall Machines Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Marshall Machines Ltd?

Marshall Machines Ltd is trading at 3.64 as of 26 April 2026, with a FY2026-2027 high of 12.8 and low of 3.61. The stock is currently near its 52-week low. Market cap stands at 8.70 Cr..

Q: Is Marshall Machines Ltd financially healthy?

Key indicators: ROCE of 3.39 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Marshall Machines Ltd profitable and how is the profit trend?

Marshall Machines Ltd reported a net profit of -5 Cr in Mar 2024 on revenue of 28 Cr. Compared to 0 Cr in Mar 2021, the net profit shows a declining trend.

Fair Value

₹36.59Undervalued by 905.22%vs CMP ₹3.64

P/E (15.0) × ROE (9.4%) × BV (₹31.80) × DY (2.00%)

Defaults: P/E=15

₹25.04Undervalued by 587.91%vs CMP ₹3.64

MoS: +85.5% (Strong)Confidence: 58/100 (Moderate)Models: All 5: Undervalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹28.33	34%	Under (+678.3%)
Net Asset Value	Assets	₹31.81	20%	Under (+773.9%)
EV/EBITDA	Enterprise	₹4.32	17%	Under (+18.7%)
ROCE Capital	Returns	₹54.18	14%	Under (+1388.5%)
Revenue Multiple	Revenue	₹5.84	15%	Under (+60.4%)
Consensus (5 models)		₹25.04	100%	Undervalued

Key Drivers: EPS CAGR -22.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹4–₹54) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -22.6% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Marshall Machines Ltd operates in the Engineering - General segment, NSE: Code | BSE: Code, current market price is ₹3.64, market cap is 8.70 Cr.. At a glance, ROE is 9.40 %, ROCE is 3.39 %, book value is 31.8, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹25.04, which is about 587.9% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹28 Cr versus the prior period change of -19.0%, while latest net profit is about ₹-5 Cr with a prior-period change of 21.7%. The 52-week range shown on this page is 12.8/3.61, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMarshall Machines Ltd. is a Public Limited Listed company incorporated on 23/05/1994 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L292…

This summary is generated from the stock page data available for Marshall Machines Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Marshall Machines Ltd scores 34/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health41/100 · Moderate

ROCE 3.4% WeakROE 9.4% AverageD/E 0.78 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 28.9% Stable

Earnings Quality30/100 · Weak

OPM contracting (13% → 0%) DecliningWorking capital: 374 days Capital intensive

Quarterly Momentum25/100 · Weak

Revenue (4Q): -31% YoY DecliningOPM: -4.8% (down 16.6% YoY) Margin pressure

Industry Rank30/100 · Weak

ROCE 3.4% vs industry 37.9% Below peers3Y sales CAGR: -25% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:26 pm

Market Cap	8.70 Cr.
Current Price	3.64
Intrinsic Value	₹25.04
High / Low	12.8/3.61
Stock P/E
Book Value	31.8
Dividend Yield	0.00 %
ROCE	3.39 %
ROE	9.40 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Marshall Machines Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
KPT Industries Ltd	181 Cr.	534	1,028/335	14.4	218	0.56 %	25.5 %	22.5 %	5.00
Miven Machine Tools Ltd	20.8 Cr.	69.2	96.6/58.9		19.9	0.00 %	%	%	10.0
Incon Engineers Ltd	6.04 Cr.	14.0	18.4/9.31		1.25	0.00 %	64.2 %	%	10.0
Hittco Tools Ltd	7.63 Cr.	11.6	16.0/8.41		4.25	0.00 %	3.21 %	0.29 %	10.0
Harshil Agrotech Ltd	36.4 Cr.	0.39	2.35/0.31		1.27	0.00 %	17.4 %	16.4 %	1.00
Industry Average	4,322.58 Cr	498.45		43.15	118.92	0.30%	37.92%	17.38%	6.04

All Competitor Stocks of Marshall Machines Ltd

Quarterly Result

Metric	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	14.16	12.50	9.29	24.38	6.79	8.40	7.14	12.18	10.66	1.79	9.99	5.52	9.14
Expenses	12.63	11.81	10.00	18.98	7.69	7.93	7.33	12.97	9.40	2.74	8.40	6.28	9.58
Operating Profit	1.53	0.69	-0.71	5.40	-0.90	0.47	-0.19	-0.79	1.26	-0.95	1.59	-0.76	-0.44
OPM %	10.81%	5.52%	-7.64%	22.15%	-13.25%	5.60%	-2.66%	-6.49%	11.82%	-53.07%	15.92%	-13.77%	-4.81%
Other Income	0.03	0.03	0.03	0.04	0.08	1.13	1.28	0.01	0.02	0.05	0.00	0.37	0.04
Interest	0.95	1.08	1.31	1.12	1.00	1.08	1.07	1.27	1.25	1.36	0.90	0.31	0.73
Depreciation	1.60	1.62	1.62	1.43	1.58	1.44	1.44	1.42	1.23	1.25	1.25	1.20	1.11
Profit before tax	-0.99	-1.98	-3.61	2.89	-3.40	-0.92	-1.42	-3.47	-1.20	-3.51	-0.56	-1.90	-2.24
Tax %	-20.20%	-28.28%	-14.40%	25.26%	-25.59%	-25.00%	-25.35%	-23.92%	-13.33%	-25.07%	-23.21%	-31.58%	-34.82%
Net Profit	-0.80	-1.42	-3.08	2.16	-2.52	-0.69	-1.06	-2.64	-1.03	-2.63	-0.43	-1.31	-1.46
EPS in Rs	-0.32	-0.57	-1.25	0.87	-1.02	-0.28	-0.43	-1.07	-0.42	-1.10	-0.18	-0.55	-0.61

Last Updated: August 20, 2025, 7:10 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 4:49 pm

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	35.31	41.67	29.99	43.80	50.18	59.35	65.23	59.56	66.83	60.33	34.50	27.93	26.44
Expenses	33.39	40.33	28.36	38.33	44.02	46.54	50.02	43.74	57.42	53.44	35.91	26.78	27.00
Operating Profit	1.92	1.34	1.63	5.47	6.16	12.81	15.21	15.82	9.41	6.89	-1.41	1.15	-0.56
OPM %	5.44%	3.22%	5.44%	12.49%	12.28%	21.58%	23.32%	26.56%	14.08%	11.42%	-4.09%	4.12%	-2.12%
Other Income	0.00	0.00	0.00	0.11	0.35	0.07	0.23	0.80	0.11	0.14	2.50	0.44	0.46
Interest	0.00	0.00	0.00	3.62	3.11	3.22	3.71	4.40	3.81	4.46	4.41	3.83	3.30
Depreciation	0.00	0.00	0.00	1.23	1.60	2.20	3.73	8.10	5.12	6.27	5.87	4.94	4.81
Profit before tax	1.92	1.34	1.63	0.73	1.80	7.46	8.00	4.12	0.59	-3.70	-9.19	-7.18	-8.21
Tax %	0.00%	0.00%	0.00%	43.84%	38.33%	32.98%	27.88%	27.91%	37.29%	-15.14%	-24.92%	-24.65%
Net Profit	1.92	1.34	1.63	0.42	1.10	5.01	5.77	2.97	0.36	-3.14	-6.90	-5.40	-5.83
EPS in Rs	8.00	4.32	5.26	1.35	3.55	13.92	2.34	1.20	0.15	-1.27	-2.79	-2.26	-2.44
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2011-2012	2012-2013	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-30.21%	21.64%	161.90%	355.45%	15.17%	-48.53%	-87.88%	-972.22%	-119.75%	21.74%
Change in YoY Net Profit Growth (%)	0.00%	51.85%	140.26%	193.55%	-340.28%	-63.70%	-39.35%	-884.34%	852.48%	141.48%

Marshall Machines Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2011-2012 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-16%
3 Years:	-25%
TTM:	-31%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-8%

Stock Price CAGR
10 Years:	%
5 Years:	-2%
3 Years:	-44%
1 Year:	-81%

Return on Equity
10 Years:	%
5 Years:	-5%
3 Years:	-10%
Last Year:	-9%

Last Updated: Unknown

Balance Sheet

Last Updated: February 1, 2026, 1:03 am

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.41	1.81	1.81	1.81	1.81	2.14	14.55	14.55	14.55	14.55	14.55	23.90
Reserves	3.33	4.89	6.53	6.94	8.05	15.69	23.96	26.72	34.50	31.43	24.98	52.12
Borrowings	11.72	17.18	24.68	26.06	23.85	28.92	34.20	36.65	40.63	40.18	45.25	38.40
Other Liabilities	9.59	9.83	13.44	24.58	31.32	32.90	35.06	43.20	43.10	49.18	56.51	41.90
Total Liabilities	26.05	33.71	46.46	59.39	65.03	79.65	107.77	121.12	132.78	135.34	141.29	156.32
Fixed Assets	5.50	8.74	10.32	11.47	14.99	22.79	46.39	38.80	68.29	62.48	57.49	60.46
CWIP	2.19	0.76	2.97	1.01	1.01	-0.00	-0.00	14.11	-0.00	-0.00	-0.00	-0.00
Investments	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Other Assets	18.36	24.21	33.17	46.91	49.03	56.86	61.38	68.21	64.49	72.86	83.80	95.86
Total Assets	26.05	33.71	46.46	59.39	65.03	79.65	107.77	121.12	132.78	135.34	141.29	156.32

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-0.00	-0.00	-0.00	7.08	10.87	5.19	13.60	11.79	11.34	4.78	-0.33	-12.48
Cash from Investing Activity +	-0.00	-0.00	-0.00	-1.05	-5.09	-8.92	-27.26	-14.51	-10.36	-0.37	-0.33	-18.66
Cash from Financing Activity +	-0.00	-0.00	-0.00	-5.40	-5.17	5.06	13.95	3.00	-1.76	-4.77	0.70	31.25
Net Cash Flow	-0.00	-0.00	-0.00	0.63	0.61	1.32	0.29	0.29	-0.78	-0.37	0.04	0.11
Free Cash Flow	-0.00	-0.00	-0.00	6.01	5.74	-3.79	-13.73	-2.83	0.87	4.32	-0.73	-31.21
CFO/OP	-0%	-0%	-0%	136%	185%	37%	76%	65%	121%	71%	21%	-1,021%

Free Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-9.80	-15.84	-23.05	-20.59	-17.69	-16.11	-18.99	-20.83	-31.22	-33.29	-46.66	-37.25

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	19.12	21.20	38.95	39.33	59.86	70.23	69.11	86.04	63.79	108.90	300.46	461.05
Inventory Days				450.40	394.66	312.88	374.48	555.08	378.47	485.35	667.09	818.80
Days Payable				167.69	197.60	150.23	150.88	241.72	166.27	239.74	505.12	645.43
Cash Conversion Cycle	19.12	21.20	38.95	322.04	256.92	232.88	292.70	399.40	276.00	354.51	462.44	634.42
Working Capital Days	83.11	115.89	207.88	40.58	6.40	6.46	13.43	19.18	-7.26	6.84	20.21	373.63
ROCE %		6.64%	5.73%		14.33%	26.55%	19.49%	11.31%	5.24%	0.86%	-5.59%	-3.39%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	67.55%	66.99%	66.99%	60.00%	60.00%	52.01%	52.01%	47.34%	28.89%	28.89%	28.89%	28.89%
FIIs	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	32.46%	33.02%	33.01%	40.00%	40.00%	47.99%	47.99%	52.66%	71.11%	71.11%	71.11%	71.11%
No. of Shareholders	4,074	3,952	4,205	5,864	5,616	5,267	4,506	5,080	6,201	7,593	7,357	7,919

Shareholding Pattern Chart

No. of Shareholders

Marshall Machines Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-2.26	-4.74	-2.16	0.37	2.04
Diluted EPS (Rs.)	-2.26	-4.74	-2.16	0.37	2.04
Cash EPS (Rs.)	-0.19	-0.70	2.15	3.90	7.61
Book Value[Excl.RevalReserv]/Share (Rs.)	31.81	27.17	31.60	33.71	28.36
Book Value[Incl.RevalReserv]/Share (Rs.)	31.81	27.17	31.60	33.71	28.36
Revenue From Operations / Share (Rs.)	11.70	23.71	41.46	46.14	41.06
PBDIT / Share (Rs.)	0.66	0.75	4.84	6.71	11.24
PBIT / Share (Rs.)	-1.40	-3.28	0.52	3.19	5.67
PBT / Share (Rs.)	-3.00	-6.32	-2.54	0.57	2.83
Net Profit / Share (Rs.)	-2.26	-4.74	-2.15	0.37	2.04
PBDIT Margin (%)	5.68	3.16	11.66	14.54	27.37
PBIT Margin (%)	-11.96	-13.85	1.27	6.91	13.80
PBT Margin (%)	-25.64	-26.65	-6.12	1.23	6.89
Net Profit Margin (%)	-19.30	-20.00	-5.19	0.81	4.97
Return on Networth / Equity (%)	-7.10	-17.45	-6.81	1.10	7.20
Return on Capital Employeed (%)	-3.67	-7.83	1.24	6.60	13.58
Return On Assets (%)	-3.45	-4.88	-2.31	0.40	2.45
Long Term Debt / Equity (X)	0.17	0.45	0.20	0.26	0.33
Total Debt / Equity (X)	0.50	1.14	0.87	0.68	0.78
Asset Turnover Ratio (%)	0.18	0.24	0.44	0.52	0.52
Current Ratio (X)	1.45	1.03	0.96	1.03	1.13
Quick Ratio (X)	0.79	0.40	0.28	0.26	0.36
Inventory Turnover Ratio (X)	0.25	0.35	0.84	1.02	0.82
Interest Coverage Ratio (X)	0.41	0.24	1.58	2.56	3.96
Interest Coverage Ratio (Post Tax) (X)	-0.41	-0.56	0.29	1.14	1.72
Enterprise Value (Cr.)	95.35	112.16	89.45	49.10	40.04
EV / Net Operating Revenue (X)	3.41	3.25	1.48	0.73	0.67
EV / EBITDA (X)	59.99	102.61	12.71	5.03	2.45
MarketCap / Net Operating Revenue (X)	2.05	1.95	0.82	0.26	0.20
Price / BV (X)	0.75	1.70	1.08	0.36	0.29
Price / Net Operating Revenue (X)	2.05	1.95	0.82	0.26	0.20
EarningsYield	-0.09	-0.10	-0.06	0.03	0.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Marshall Machines Ltd. is a Public Limited Listed company incorporated on 23/05/1994 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L29299PB1994PLC014605 and registration number is 014605. Currently company belongs to the Industry of Engineering - General. Company's Total Operating Revenue is Rs. 27.96 Cr. and Equity Capital is Rs. 23.90 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	C-86, Phase - V, Focal Point, Ludhiana Punjab 141010	Contact not found

Management
Name	Position Held
Mr. Gaurav Sarup	Managing Director
Mr. Prashant Sarup	Whole Time Director
Mr. Siddhant Sarup	Whole Time Director
Mrs. Archana Sarup	Whole Time Director
Mrs. Rita Aggarwal	Independent Director
Mr. Anil Singla	Independent Director
Mr. Satvinder Singh	Independent Director
Mr. Surinder Bir Singh	Independent Director

FAQ

What is the intrinsic value of Marshall Machines Ltd and is it undervalued?

As of 26 April 2026, Marshall Machines Ltd's intrinsic value is ₹25.04, which is 587.91% higher than the current market price of ₹3.64, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.40 %), book value (₹31.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Marshall Machines Ltd?

Marshall Machines Ltd is trading at ₹3.64 as of 26 April 2026, with a FY2026-2027 high of ₹12.8 and low of ₹3.61. The stock is currently near its 52-week low. Market cap stands at ₹8.70 Cr..

How does Marshall Machines Ltd's P/E ratio compare to its industry?

Marshall Machines Ltd has a P/E ratio of , which is below the industry average of 43.15. This is broadly in line with or below the industry average.

Is Marshall Machines Ltd financially healthy?

Key indicators for Marshall Machines Ltd: ROCE of 3.39 % is on the lower side compared to the industry average of 37.92%. Dividend yield is 0.00 %.

Is Marshall Machines Ltd profitable and how is the profit trend?

Marshall Machines Ltd reported a net profit of ₹-5 Cr in Mar 2024 on revenue of ₹28 Cr. Compared to ₹0 Cr in Mar 2021, the net profit shows a declining trend.

Does Marshall Machines Ltd pay dividends?

Marshall Machines Ltd has a dividend yield of 0.00 % at the current price of ₹3.64. The company is currently not paying meaningful dividends.