Shares of a Maruti Suzuki-backed company, involved in manufacturing injection moulding plastic components, hit the 20 percent upper circuit after posting a strong 186 percent year-on-year surge in net profit. The company also reported healthy revenue growth, further boosting investor sentiment.
During Monday’s trading session, the shares of Machino Plastics Ltd reached an intraday high of Rs.287.80 per share, hitting the 20 percent upper circuit limit from the previous close of Rs.239.85 per share. Over the past five years, the shares have delivered over 580 percent returns.
Financial Performance
Machino Plastics Ltd experienced a significant rise fueled by strong net profit and revenue growth, as reflected in its latest financial results. In Q4 FY25, the company reported revenue of Rs.107.16 crore, marking a notable increase of 30.96 percent compared to Rs.81.84 crore in Q4 FY24. On a sequential basis, revenue rose by 14.28 percent from Rs.93.74 crore in Q3 FY25, reflecting continued operational momentum.
Net profit for the quarter stood at Rs.3.5 crore, registering robust year-on-year growth of 186.89 percent from Rs.1.22 crore. Compared to Rs.1.53 crore in Q3 FY25, net profit grew significantly by 128.76 percent. For the full year FY25, the company posted a total revenue of Rs.388.85 crore, up 15.11 percent from Rs.337.8 crore in FY24. Annual net profit rose sharply to Rs.8.85 crore, showing a strong growth of 139.84 percent over Rs.3.69 crore in the previous year.
Machino Plastics Ltd’s revenue is primarily driven by its core segment of plastic injection moulded parts, which contributed Rs.94.07 crores. Additionally, the company earned Rs.13.08 crores from its moulds and dies division, highlighting the growing significance of this segment within its overall business portfolio.
The company has served as a key supplier of plastic moulded parts to Maruti Suzuki India Limited (MSIL) since its inception, providing essential components like bumpers, instrument panels, and other critical parts across multiple car models.
In recent years, the company has diversified its offerings by introducing new products such as moulds and expanding its customer base. These initiatives have led to consistent order inflows and improved pricing, supporting an anticipated revenue increase to Rs.380-390 crores in FY25, up from Rs.336 crores in FY24. The continued addition of new clients and steady demand from existing ones will be key factors to watch going forward.
The company has a Return on Capital Employed (ROCE) of 8.66 percent and a Return on Equity (ROE) of 10.07 percent. Its Price-to-Earnings (P/E) ratio stands at 23.47, lower than the industry average of 69.16. Furthermore, the company maintains a current ratio of 2.08, a debt-to-equity ratio of 2.44, and an Earnings Per Share (EPS) of Rs.10.22.
As of March 2025, promoters held a 75.00 percent stake in Machino Plastics Ltd, with Maruti Suzuki India Ltd and Suzuki Motor Corporation each owning 15.35 percent. Domestic Institutional Investors held a minimal 0.01 percent stake, while Retail Investors accounted for the remaining 24.99 percent of the company’s shareholding.
Written by – Siddesh S Raskar
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