On 6 Nov 2026, Mamata Machinery was priced at ₹320.15, or 88.2× trailing earnings, against an industry P/E of 33.8×, and the shares are 29% below their 52-week high. Sales grew 5.2% a year over 3 years while net profit fell 13%; its ROCE of 10% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. It carries very little debt, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹788 Cr, ranked 70th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 23% over the past year.
- ₹351.50
- ₹354.00
- ₹314.95
- ₹349.40
- 1.7 L
Health check
- ReturnsBehind
−22.7% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 88.2 vs industry 33.8.
- GrowthSlow
Sales +5.2%, profit −12.5% a year over 3 years.
- ProfitabilityWeak
ROCE 10.4% vs peer median 24.8%.
- Balance sheetStretched
Practically debt-free, Piotroski 3 of 9.
- Red flags4 to check
Quarterly profit down 231.0% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹788 Cr
- Small cap
- P/E
- 88.2
- Industry 33.8
- Price to book
- 4.26
- Peers 9.16
- Dividend yield
- 0.16%
- ROE
- 8.5%
- Peers 19.1%
- ROCE
- 10.4%
- Peers 24.8%
- Debt to equity
- 0.05
- Debt ₹8.33 Cr
- EPS (TTM)
- ₹3.63
- Face value ₹10
- OPM (TTM)
- 5.2%
- Net margin 3.9%
- Sales growth
- −6.2%
- Latest quarter vs a year ago
- Profit growth
- −231.0%
- Latest quarter vs a year ago
- Price to sales
- 3.42
- EV/EBITDA 58.8
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 231.0% on a year ago.
- Quarterly sales down 6.2% on a year ago.
- P/E of 88.2 against an industry P/E of 33.8.
- Promoter stake down from 62.5% to 60.1%.
About Mamata Machinery
Mamata Machinery Limited engages in the bag and pouch making system business in India, North America, and internationally. The company offers bag and pouch making machines, such as side and bottom seal bag makers, universal machines, servo wicketers, centre seal and three-side seal pouch makers; stand-up zipper and in-line spout pouch makers; and vega plus and flat bottom pouch making systems. It also provides packaging machinery, including horizontal…
- Headquarters
- Ahmedabad
- Employees
- 260
- Sector
- Industrials
- ISIN
- INE0TO701015
- Website
- mamata.com
Price range
- Avg volume (3M)
- 67.1K
- 1-year return
- minus 22.7%
- From 52-week high
- minus 28.5%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| MAMATAMamata Machinery | 320.15 | minus 8.37% | 788 | 88.2 | 34.8 | 10.4% | 6.1% | 0.05 | 5.2% | minus 22.7% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 38.7 | 53.4 | 67.2 | 73.8 | 36.3 | |
| 35.6 | 46.7 | 58.8 | 72.1 | 41 | |
| 3.1 | 6.6 | 8.4 | 1.6 | −4.7 | |
| 8.0% | 12.4% | 12.5% | 2.2% | −13.0% | |
| 1.5 | 0.8 | 2.5 | 3.1 | 1.8 | |
| 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | |
| 0.8 | 1 | 1.2 | 1.3 | 1.1 | |
| – | – | – | −3.1 | – | |
| 3.7 | 6.3 | 9.6 | 0.1 | −4.2 | |
| 27.6% | 28.4% | 17.7% | 83.6% | 17.6% | |
| 2.6 | 4.5 | 7.9 | 0 | −3.5 | |
| 1.08 | 1.84 | 3.20 | – | -1.41 |
Profit & loss
- Sales CAGR 3Y
- +5.2%
- Profit CAGR 3Y
- −12.5%
- EPS CAGR 3Y
- −12.5%
- ROE
- 8.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 198 | 234 | 251 | 231 | |
| – | +18.1% | +7.1% | minus 8.0% | |
| 167 | 187 | 195 | 209 | |
| 31.5 | 46.9 | 55.6 | 22.2 | |
| 15.9% | 20.0% | 22.2% | 9.6% | |
| 2.8 | 4.1 | 3.6 | 5 | |
| 0.6 | 1.1 | 0.4 | 0.6 | |
| 3.4 | 3.4 | 3.3 | 4.3 | |
| −1.7 | −0.1 | −0.1 | −2.8 | |
| 28.5 | 46.4 | 55.3 | 19.6 | |
| 21.1% | 23.3% | 26.3% | 23.2% | |
| 22.5 | 35.6 | 40.8 | 15.1 | |
| – | +58.3% | +14.4% | minus 63.1% | |
| 9.15 | 1.45 | 16.56 | 6.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 2.7 | 24.6 | 24.6 | |
| 125 | 129 | 147 | 160 | |
| 19.9 | 13.5 | 5.3 | 8.3 | |
| 80.7 | 92.5 | 82.7 | 74.2 | |
| 228 | 238 | 259 | 268 | |
| 62.5 | 63.2 | 62.4 | 64.8 | |
| 60.5 | 48.1 | 3.3 | 46.3 | |
| 5.2 | 2 | 67.8 | 22.3 | |
| 100 | 125 | 126 | 134 | |
| 228 | 238 | 259 | 268 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.2 | 40.2 | 72.1 | 2.4 | |
| −9.7 | −0.1 | −10.5 | −45.2 | |
| −3 | −44.6 | −6.7 | 1.3 | |
| 4.5 | −4.5 | 54.9 | −41.5 | |
| −1 | −1.3 | −2 | −7 | |
| 16.1 | 38.9 | 70.2 | −4.6 | |
| −0.1 | −0.1 | −1.2 | −1.2 |
Shareholding pattern
- Promoters60.09%
- Public39.91%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.09% | 39.91% | minus 2.36 | |
| 30 Jun 2026 | 62.45% | 37.55% | 0.00 | |
| 31 Mar 2026 | 62.45% | 37.55% | 0.00 | |
| 31 Dec 2025 | 62.45% | 37.55% | 0.00 | |
| 30 Sep 2025 | 62.45% | 37.55% | – |
Major shareholders
Filings & events
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