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 - NSE: MASTER Public Limited Company machinery and equipment MSME · Small
Data last updated
Market Cap
₹172 Cr
MASTER-SM · NSE
Share Price
₹451.00
+4.76% 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)
21.5x
P/B 4.4x
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 as per MCA records. Its shares are listed on NSE: MASTER.

The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Master Components Private Limited. It is led by directors including Shrikant Hanamant Joshi (Managing Director) and Mudduraj Chandrashekhar Kulkarni (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 June 2026, and its latest financial statements are for the year ended 31 March 2026. 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 7 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 4 smaller; the largest is Gaurav Containers Limited with revenue of ₹42.92 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.

Master Components Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0013937). 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

CIN L28900MH1999PLC123308
Registration Number 123308
Incorporation Date 27 December 1999
ROC Mumbai
Listing Status Listed (NSE: MASTER)
Company Status Active
Date of Last AGM 29 June 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-23-0013937

CIN history

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

Recognitions & Rankings of Master Components

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-23-0013937

Contact details

Master Components Limited's registered office is in Nashik, Maharashtra.

  • 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
Comprehensive company report
Master Components Limited - one report that includes everything
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  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

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

Business activity

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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Master Components Limited, buy the company report.

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 06 Nov 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

To see the full year-wise statements and ratios of Master Components Limited, buy the company report.

Board of directors of Master Components Limited

Master Components has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajeshwari Mudduraj KulkarniDirector05 Apr 200323 Years 7 MonthsCurrent
Anagha Shrikant JoshiDirector05 Apr 200323 Years 7 MonthsCurrent
Mudduraj Chandrashekhar KulkarniWhole-Time Director27 Dec 199926 Years 10 MonthsCurrent
Shrikant Hanamant JoshiManaging Director27 Dec 199926 Years 10 MonthsCurrent
Vishal Jayantibhai PatelDirector12 Apr 20233 Years 6 MonthsCurrent
Ganapathi Mala JoshyDirector12 Jan 20233 Years 9 MonthsCurrent

Peer comparison

Master Components Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Master Components Limitedthis company₹74.38 Cr (FY 2026)₹7.43 Cr10%75.4%Nashik, 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
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
Shiv Shakti Thermo Private Limited₹42.57 Cr (FY 2025)-9.0%Khalilabad, Uttar Pradesh, India

To see the full peer comparison of Master Components Limited, buy the company report.

Charges & borrowings

Open charges
₹22.2 Cr
Satisfied charges
₹8.46 Cr
Breakdown by lending institutions
Others₹22.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Sep 2024100984420Others₹22.2 CrOpen
21 Nov 2017100138379Hdfc Bank Limited₹1.5 CrSatisfied
09 Jul 201510579013Tjsb Sahakari Bank Limited₹54 LakhSatisfied
22 Sep 201410523252Tjsb Sahakari Bank Limited₹1.5 CrSatisfied
07 Mar 201410485884Tjsb Sahakari Bank Limited₹3.2 LakhSatisfied

To see the full charge records of Master Components Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

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

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

MSME payment delays

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

To see the full MSME payment records of Master Components Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Master Components has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AADCM3035D1ZWMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Master Components Limited, buy the company report.

Recent activity

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.

AGM
Master Components Limited last Annual general meeting of members was held on 29 Jun 2026 as per latest MCA records.
Filing
Master Components Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
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.
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 in the company report.

Frequently asked questions

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. Listed on NSE: MASTER.

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:

The latest financial statements of Master Components on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 June 2026. Year-wise statements from 2015 are in the company report.

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 as per MCA records. Its shares are listed on NSE (symbol: MASTER).

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 Gaurav Containers Limited, Plasto-Pack (India) Pvt Ltd, Siddhi Vinayak Plasticwares Private Limited, Nova Formworks Private Limited, Param Polymers Private Limited and 2 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal 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.