Master Components Limited - machinery and equipment in Nashik, Maharashtra, India. FY 2026 financials & compliance.
CIN L28900MH1999PLC123308 Incorporated 27 December 1999 ROC Mumbai HQ Nashik, Maharashtra, India
Active Listed Public Limited Company machinery and equipment
Data last updated
Market Cap
₹166 Cr
MASTER-SM · NSE
Share Price
₹415.00
0.00% today
Revenue
₹74.38 Cr
FY 2025-26 · +75.4% YoY
EBITDA
₹12.28 Cr
Margin 16.5%
Net Profit
₹7.43 Cr
FY 2025-26 · +124.5% YoY
P/E (TTM)
22.1x
P/B 4.5x
ROE
22.4%
ROCE 26.6%
Debt / Equity
0.22
Interest cover 7.8x

About Master Components Limited

Data last updated:

Master Components Limited is a public limited company based in Nashik, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 27 December 1999 and has been in existence for over 27 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28900MH1999PLC123308. Its GSTIN is 27AADCM3035D1ZW (Maharashtra). It is a listed company.

The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Master Components Private Limited. It is led by directors including Mudduraj Chandrashekhar Kulkarni (Managing Director) and Vishal Jayantibhai Patel.

Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. D – 10/A And D – 10/B M.I.D.C Ambad, Nashik, Maharashtra, India – 422010.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹74.38 Cr, a growth of 75.4% compared to the previous year. For the same year it recorded a net profit of ₹7.43 Cr (net margin 10%) and EBITDA of ₹12.28 Cr (EBITDA margin 16.5%). The net worth stands at ₹36.79 Cr (up 24.8% YoY). Total assets are valued at ₹47.65 Cr (up 42.2% YoY).

The company has about 36 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Master Group. As per MCA filings, the company has open charges of ₹22.2 Cr and satisfied charges of ₹8.46 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 5 deals on record (3 secondary share transfers, 1 ipo, 1 funding round), with disclosed funding of ₹21.7 Lakh; the latest was in September 2023. Its 10 peer companies in the Manufacturing industry (Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is JP Petroplast Private Limited with revenue of ₹43.12 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 32 overdue payments to 7 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website master-group.in.

Company Details of Master Components Limited
CIN L28900MH1999PLC123308
Registration Number 123308
Incorporation Date 27 December 1999
ROC Mumbai
Listing Status Listed
Company Status Active
Date of Last AGM 04 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
  • Registered Address
    Plot No. D – 10/A And D – 10/B M.I.D.C Ambad, Nashik, Maharashtra, India – 422010
  • Industry
    Machinery and Equipment, Industrial Tools & Components
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Financials, compliance, directors, charges, ownership and filings for Master Components Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Master Components Limited

The main business activity of Master Components is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal productsLocked
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Financials of Master Components Limited FY 2025-26 filings available

Master Components Limited reported revenue of ₹74.38 Cr (up 75.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹74.38 Cr
+75.4% YoY
EBITDA
₹12.28 Cr
+88.9% YoY
Profit After Tax
₹7.43 Cr
+124.5% YoY
Net Worth
₹36.79 Cr
+24.8% YoY
Total Assets
₹47.65 Cr
+42.2% YoY
Total Debt
₹10.86 Cr
+170.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue74.3842.4025.2920.7018.2413.2515.04
Revenue growth+75.4%+67.7%+22.2%+13.5%+37.7%-11.9%-
EBITDA12.286.504.293.152.152.202.97
EBITDA margin+16.5%+15.3%+17.0%+15.2%+11.8%+16.6%+19.8%
Profit before tax9.968.693.562.411.311.031.89
Net profit7.433.312.681.701.000.751.32
Net profit margin+10.0%+7.8%+10.6%+8.2%+5.5%+5.7%+8.8%
EPS (₹)18.6116.236.695.1831.2425.3844.07
Balance sheet
Total assets47.6533.5022.8612.5911.6811.1712.01
Net worth36.7929.4923.0011.659.959.018.25
Total debt10.864.01(0.14)0.941.732.173.77
Cash & bank3.010.236.060.120.010.020.56
Net working capital20.3610.3712.384.944.863.754.34
Cash flow
Cash from operations2.241.682.082.600.802.03-
Cash from investing(5.55)(11.45)(3.73)(1.64)(0.22)(0.71)-
Cash from financing6.093.947.58(0.85)(0.59)(1.86)-

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue74.3842.4025.2920.7018.2413.2515.04
Revenue growth+75.4%+67.7%+22.2%+13.5%+37.7%-11.9%-
Other income0.283.600.290.200.190.020.31
Total expenses62.1035.9021.0017.5516.0911.0512.07
Employee cost3.091.921.260.990.890.610.66
EBITDA12.286.504.293.152.152.202.97
EBITDA margin+16.5%+15.3%+17.0%+15.2%+11.8%+16.6%+19.8%
Depreciation1.781.220.950.830.850.920.96
Interest0.820.190.070.110.180.270.43
Profit before tax9.968.693.562.411.311.031.89
Tax2.532.190.880.710.360.280.58
Net profit7.433.312.681.701.000.751.32
Net profit margin+10.0%+7.8%+10.6%+8.2%+5.5%+5.7%+8.8%
EPS (₹)18.6116.236.695.1831.2425.3844.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.004.004.003.300.300.300.30
Reserves & surplus32.7925.4919.008.359.658.717.95
Shareholders' funds (net worth)36.7929.4923.0011.659.959.018.25
Secured loans10.864.01(0.14)0.641.471.202.00
Unsecured loans0.000.000.000.300.260.971.77
Total debt10.864.01(0.14)0.941.732.173.77
Total liabilities47.6533.5022.8612.5911.6811.1712.01
Assets
Gross block35.8730.6418.5814.6113.8213.6112.89
Net block27.7324.1910.167.147.187.787.98
Capital work in progress0.230.000.610.860.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories9.056.462.202.723.141.961.71
Sundry debtors14.889.215.514.564.104.043.46
Cash & bank balances3.010.236.060.120.010.020.56
Loans & advances3.282.631.661.090.370.330.81
Total current assets30.2218.5315.438.497.626.356.54
Total current liabilities9.868.163.053.552.762.602.20
Net working capital20.3610.3712.384.944.863.754.34
Total assets47.6533.5022.8612.5911.6811.1712.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.236.060.120.010.020.56-
Net cash from operating activities2.241.682.082.600.802.03-
Net cash from investing activities(5.55)(11.45)(3.73)(1.64)(0.22)(0.71)-
Net cash from financing activities6.093.947.58(0.85)(0.59)(1.86)-
Net change in cash2.78(5.83)5.940.11(0.01)(0.54)-
Closing cash3.010.236.060.120.010.02-
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+75.4%+67.7%+22.2%+13.5%+37.7%-11.9%-
EBITDA growth+88.9%+51.5%+36.2%+46.5%-2.3%-25.9%-
PBT growth+14.6%+144.1%+47.7%+84.0%+27.2%-45.5%+9997.0%
Net income growth+124.5%+23.5%+57.7%+70.0%+33.3%-43.2%-
Revenue CAGR (3Y)+53.2%+32.5%+24.0%+11.2%---
EBITDA CAGR (3Y)+57.4%+44.6%+24.9%+2.0%---
Profitability & leverage
Net income margin+10.0%+15.3%+10.6%+8.2%+5.2%+5.7%+8.7%
Return on capital employed+26.6%+20.2%+20.5%+20.9%+13.0%+11.3%+19.4%
Return on net worth+22.5%+12.6%+15.5%+15.8%+9.9%+8.8%+16.0%
Debt / equity0.220.070.020.120.210.340.46
Long-term debt / equity0.050.000.010.030.080.200.28
Interest cover7.813.602.104.7413.8521.0921.39
Efficiency & per share
Fixed asset turnover2.241.721.521.461.331.001.17
Inventory turnover9.599.7910.287.067.157.228.80
Debtors turnover6.185.765.024.784.483.534.35
EPS (₹)18.6116.236.695.1831.2425.3844.07
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)91.9773.7357.4935.31331.59300.35274.97
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Peer Comparison of Master Components Limited

Master Components Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Master Components Limited this company₹74.38 Cr (FY 2026)••••••••75.4%••••Nashik, Maharashtra, India
JP Petroplast Private Limited₹43.12 Cr (FY 2025)••••••••-17.0%••••Mumbai, Maharashtra, India
Gaurav Containers Limited₹42.92 Cr (FY 2023)••••••••12.0%••••Mumba, Maharashtra, India
Plasto-Pack (India) Pvt Ltd₹42.89 Cr (FY 2025)••••••••-2.0%••••Nagpur, Maharashtra, India
SCJ Plastics Private Limited₹42.88 Cr (FY 2025)••••••••50.0%••••New Delhi, Delhi, India
Siddhi Vinayak Plasticwares Private Limited₹42.82 Cr (FY 2025)••••••••30.0%••••Kolkata, West Bengal, India
Nova Formworks Private Limited₹42.8 Cr (FY 2025)••••••••10.0%••••Delhi, India
Param Polymers Private Limited₹42.76 Cr (FY 2018)••••••••19.0%••••Kolkata, West Bengal, India
R.P. Poly Packs Private Limited₹42.69 Cr (FY 2024)••••••••-4.0%••••Kolkata, West Bengal, India
Cajon Plast (India) Private Limited₹42.67 Cr (FY 2025)••••••••52.0%••••Delhi, India
Shiv Shakti Thermo Private Limited₹42.57 Cr (FY 2025)••••••••-9.0%••••Khalilabad, Uttar Pradesh, India

Peers are the five companies nearest above and the five nearest below Master Components by revenue in the Manufacturing industry (Plastic Based Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Board of Directors and KMP of Master Components Limited

Master Components Limited currently reports 5 directors and 1 key managerial person. 5 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Vishal Jayantibhai PatelDirector12 Apr 20233 Years 5 MonthsCurrent
Mudduraj Chandrashekhar KulkarniManaging Director27 Dec 199926 Years 9 MonthsCurrent
Shrikant Hanamant JoshiCfo12 Jan 20233 Years 8 MonthsCurrent
Rajeshwari Mudduraj KulkarniDirector05 Apr 200323 Years 6 MonthsCurrent
Anagha Shrikant JoshiDirector05 Apr 200323 Years 6 MonthsCurrent
Ganapathi Mala JoshyDirector12 Jan 20233 Years 8 MonthsCurrent

Charges & Borrowings of Master Components Limited

Open charges
₹22.2 Cr
Satisfied charges
₹8.46 Cr
Breakdown by lending institutions
Others₹22.20 Cr
Latest charge details
DateLenderAmountStatus
13 Sep 2024Others₹22.2 CrOpen
21 Nov 2017Hdfc Bank Limited₹1.5 CrSatisfied
09 Jul 2015Tjsb Sahakari Bank Limited₹54 LakhSatisfied
22 Sep 2014Tjsb Sahakari Bank Limited₹1.5 CrSatisfied
07 Mar 2014Tjsb Sahakari Bank Limited₹3.2 LakhSatisfied

Total charge records: 13 View all charges

Deals & Funding of Master Components Limited

Master Components Limited has 5 deals on record (3 secondary share transfers, 1 ipo, 1 funding round), with disclosed funding of ₹21.7 Lakh; the latest was in September 2023.

Total deals
5
Secondary share transfers
3
IPO
1
Funding round
1
Disclosed funding
₹21.7 Lakh

Deals on record (5 of 5)

WhenDealAmountParties
Sep 2023IPO₹15.43 CrInvestors: IPO Shareholders - Master Components Limited
Seller: 2 individuals
Dec 2022Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 2 individuals
Mar 2020Secondary share transferUndisclosedBuyer: Mudduraj Chandrashekhar Kulkarni Huf, Shrikant Hanamant Joshi Huf, 2 individuals
Seller: 2 individuals
Dec 2013Funding round₹21.7 LakhInvestors: 4 individuals
Mar 2009Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals
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Full deal history

All 5 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Master Components Limited

Master Components Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 32 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 7)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
Master Moulds Private Limited••••••••••••
Siddhi Packaging Industries••••••••••••
an individual supplier••••••••••••
Rajiv Plastics Private Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Master Components Limited

Master Components operates one associated brand: Master Group. Each brand links to its own profile.

BrandDescriptionWebsite
Master Group is engaged in design and manufacturing solutions.master-group.in

Employees and EPFO Compliance at Master Components Limited

Employment history and EPFO contributions of people linked to Master Components.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Master Components Limited

Master Components has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28900MH1999PLC123308, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L28900MH1999PLC123308Current
U28900MH1999PTC123308Previous
U28900MH1999PLC123308Previous

Recent Activity on Master Components Limited

Master Components Limited has 11 board changes on record since 1999: 6 appointments and 5 cessations. The latest: Vishal Jayantibhai Patel ceased to be Additional Director on 20 Aug 2023.

Charges
A charge with Others of Rs. 22.20 Cr registered on 13 Sep 2024 with Charge ID 100984420 was modified on 25 Feb 2026.
AGM
Master Components Limited last Annual general meeting of members was held on 04 Aug 2025 as per latest MCA records.
Filing
Master Components Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge registered on 21 Nov 2017 via Charge ID 100138379 with Hdfc Bank Limited was fully satisfied on 08 Oct 2024.
Charges
A charge with Others amounted to Rs. 22.20 Cr with Charge ID 100984420 was registered on 13 Sep 2024.
Ceased
Vishal Jayantibhai Patel ceased to be Additional Director.
Appointed
Vishal Jayantibhai Patel was appointed as Director.
Ceased
Ganapathi Mala Joshy ceased to be Additional Director.
Ceased
Keshav Rathi ceased to be Additional Director.
Ceased
Mudduraj Chandrashekhar Kulkarni ceased to be Director.
Ceased
Shrikant Hanamant Joshi ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 1.50 Cr registered on 21 Nov 2017 with Charge ID 100138379 was modified on 21 Mar 2023.

35 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Master Components Limited

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Credit ratings, litigation, and regulatory alerts

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Subsidiaries & Group Companies of Master Components Limited

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Corporate group structure

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GST Compliance of Master Components Limited

Master Components has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AADCM3035D1ZWMaharashtraActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Master Components Limited

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MCA filings and documents

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Frequently Asked Questions about Master Components Limited

Master Components is an active public limited company based in Nashik, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 27 December 1999 (27+ years old) and is registered under CIN L28900MH1999PLC123308.

Master Components reported revenue of ₹74.38 Cr for FY 2025-26 (up 75.4% YoY) based on standalone financials.

Master Components has 6 current directors and KMP:

The GSTIN of Master Components is 27AADCM3035D1ZW, registered in Maharashtra.

The CIN (Corporate Identification Number) of Master Components is L28900MH1999PLC123308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Master Components is a listed company.

Master Components has 1 court case on record: 1 filed by the company.

Master Components was incorporated on 27 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.

Master Components has 5 deals on record (3 secondary share transfers, 1 ipo, 1 funding round), with disclosed funding of ₹21.7 Lakh; the latest was in September 2023.

The peers of Master Components by revenue are JP Petroplast Private Limited, Gaurav Containers Limited, Plasto-Pack (India) Pvt Ltd, SCJ Plastics Private Limited, Siddhi Vinayak Plasticwares Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).

Vishal Jayantibhai Patel ceased to be Additional Director on 20 Aug 2023. Vishal Jayantibhai Patel was appointed as Director on 12 Apr 2023. Ganapathi Mala Joshy ceased to be Additional Director on 23 Mar 2023. Master Components has 11 board changes on record in total.

Master Components has 2 MSME Form 1 returns on record between 2019 and 2020, listing 32 overdue payments to 7 micro and small suppliers. The latest return was filed on 01 Oct 2020.

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