Machhar Industries share price, P/E, ROE & financials

On 6 Nov 2026, Machhar Industries was priced at ₹352.00, or 31.5× trailing earnings, against an industry P/E of 22.1×, and the shares are 22% below their 52-week high. Its ROCE of 9.5% is the lowest among the 7 largest Specialty Chemicals peers, and sales fell 3.2% a year over 3 years while net profit grew 17%. It is a small-cap company with a market cap of ₹26 Cr, ranked 183rd of 204 Specialty Chemicals companies by market cap; the shares rose 21% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹352.00
Day high: ₹352.00
Day low: ₹352.00
Prev. close: ₹352.00
Volume: 1

Health check

3 fair · 3 to check

ReturnsIn line
+21.0% over a year, better than 4 of 7 peers.
Price tagPricier
P/E 31.5 vs industry 22.1.
GrowthSteady
Sales −3.2%, profit +17.4% a year over 3 years.
ProfitabilityWeak
ROCE 9.5% vs peer median 24.4%.
Balance sheetFair
Piotroski 6 of 9.
Red flags1 to check
Return on equity is low at 6.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹26 Cr, #183 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹16 Cr · profit ₹1 Cr

Market cap: ₹26 Cr; Small cap
P/E: 31.5; Industry 22.1
Price to book: n/a; Peers 13.33
Dividend yield: 0.00%
ROE: 6.2%; Peers 23.0%
ROCE: 9.5%; Peers 24.4%
Debt to equity: n/a
EPS (TTM): ₹11.18
OPM (TTM): 8.4%; Net margin 0.0%
Sales growth: +28.9%; Latest quarter vs a year ago
Profit growth: +339.2%; Latest quarter vs a year ago
Price to sales: 1.68

Strengths

Quarterly profit up 339.2% on a year ago.
Quarterly sales up 28.9% on a year ago.

Risks to check

Return on equity is low at 6.2%.

Derived automatically from reported figures. Not a recommendation.

About Machhar Industries

Machhar Industries Limited manufactures and sells various grades of ammonium nitrate. The company's ammonium nitrate is used as a raw material in the manufacturing of industrial explosives. It also produces and sells AdBlue, a diesel exhaust fluid made of de-ionized water and technical grade urea under the YUNI BLUE brand name. The company was founded in 2008 and is based in Aurangabad, India.

Headquarters: Aurangabad
Sector: Basic Materials
ISIN: INE01BT01015
Website: machharind.com

Price range

52 weeks

₹221.20₹449.40

Today

₹352.00₹352.00

Avg volume (3M): 106
1-year return: plus 21.0%
From 52-week high: minus 21.7%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASIANPAINTAsian Paints	2,546.00	plus 0.88%	2,44,025	50.5	35.0	24.4%	18.9%	0.21	1.1%	plus 1.5%
SOLARINDSSolar Industries India	18,608.00	plus 0.48%	1,68,384	74.4	64.1	29.5%	27.8%	0.22	12.4%	plus 35.9%
PIDILITINDPidilite Industries	1,579.00	plus 1.63%	1,60,827	60.0	44.4	28.5%	23.5%	0.03	7.4%	plus 6.8%
LINDEINDIALinde India	6,859.00	plus 8.73%	58,496	118.4	64.2	16.3%	31.5%	0.23	–	plus 5.4%
BERGEPAINTBerger Paints India	478.35	minus 5.28%	55,776	45.4	29.4	20.6%	15.3%	0.15	4.2%	minus 6.0%
FLUOROCHEMGujarat Fluorochemicals	4,665.50	minus 0.94%	51,251	75.9	44.0	9.6%	24.1%	0.26	−4.5%	plus 28.0%
ACUTAASAcutaas Chemicals	3,786.60	plus 0.42%	31,001	70.9	64.1	27.7%	39.4%	0.01	29.4%	plus 105.6%
MACINDMachhar Industries	352.00	0.00%	26	31.5	20.4	9.5%	8.4%	–	−3.2%	plus 21.0%
Median of 7 peers	–	0.48%	58,496	70.9	44.4	24.4%	24.1%	0.21	5.8%	6.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
3.6	4.1	4.4	6.1	4.6
3.4	3.7	4.1	5.6	4.2
0.2	0.4	0.3	0.5	0.4
4.9%	10.2%	7.1%	8.0%	8.6%
0.1	0	0.1	0	0.1
0	0	0	0	0
0.1	0.1	0.1	0.1	0.1
0.1	0.3	0.3	0.4	0.3
83.4%	13.0%	39.9%	26.9%	72.9%
0	0.3	0.2	0.3	0.1
-1.49	3.88	2.17	3.89	1.24

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −3.2%
Profit CAGR 3Y: +17.4%
EPS CAGR 3Y: +17.4%
ROE: 6.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
17.2	16.9	15.7	15.6
–	minus 1.3%	minus 7.4%	minus 0.8%
16.3	15.8	15.1	14.4
0.8	1.1	0.6	1.1
4.7%	6.4%	3.8%	7.3%
0.2	0.2	0.1	0.2
0.2	0.2	0.2	0.2
0.4	0.5	0.4	0.4
−0	0.2	0.1	–
0.4	0.8	0.2	0.8
19.4%	23.0%	18.8%	30.6%
0.4	0.6	0.2	0.6
–	+72.2%	minus 75.6%	+284.7%
4.87	8.38	2.05	7.87

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.7	0.7	0.7	0.7
10.7	8.5	8.4	8.9
1.8	1.1	2.4	2.4
2.1	1.7	1.5	1.7
15.2	12.1	13	13.8
8.2	5.2	4.9	5
0.2	0.2	0.2	0.2
4.1	3.2	4.3	5.3
2.8	3.5	3.6	3.5
15.2	12.1	13	13.8

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.1	−0.2	0.2	1
−1.9	0.1	−1	−0.2
1.5	−0.8	1	−0.1
−0.3	−1	0.2	0.7
−2.1	−0.3	−0.2	−0.4
−2	−0.5	−0	0.6

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 3.4% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you