Marshall Machines Limited
Marshall Machines Limited designs, develops, manufactures, and markets machine tool equipment in India. It offers single spindle CNC machines, two spindle and four spindle CNC machines, automated robotic CNC machines, and SmartCorrect gauging stations, as well as patent pending IOTQ suit of intelligent equipment. The company also provides linear tooling machines, smartload solutions, and turret t… Read more
Marshall Machines Limited (MARSHALL) - Net Assets
Latest net assets as of March 2024: ₹760.20 Million INR
Based on the latest financial reports, Marshall Machines Limited (MARSHALL) has net assets worth ₹760.20 Million INR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹1.56 Billion) and total liabilities (₹802.95 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹760.20 Million |
| % of Total Assets | 48.63% |
| Annual Growth Rate | 25.11% |
| 5-Year Change | 84.2% |
| 10-Year Change | 811.71% |
| Growth Volatility | 43.99 |
Marshall Machines Limited - Net Assets Trend (2014–2024)
This chart illustrates how Marshall Machines Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marshall Machines Limited (2014–2024)
The table below shows the annual net assets of Marshall Machines Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹760.20 Million | +92.31% |
| 2023-03-31 | ₹395.31 Million | -14.03% |
| 2022-03-31 | ₹459.79 Million | -6.26% |
| 2021-03-31 | ₹490.52 Million | +18.86% |
| 2020-03-31 | ₹412.69 Million | +7.16% |
| 2019-03-31 | ₹385.14 Million | +115.51% |
| 2018-03-31 | ₹178.71 Million | +81.27% |
| 2017-03-31 | ₹98.58 Million | +12.62% |
| 2016-03-31 | ₹87.53 Million | +4.98% |
| 2015-03-31 | ₹83.38 Million | +3.09% |
| 2014-03-31 | ₹80.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marshall Machines Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 38.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹79.43 Million | 10.45% |
| Common Stock | ₹239.01 Million | 31.44% |
| Other Comprehensive Income | ₹521.19 Million | 68.56% |
| Total Equity | ₹760.20 Million | 100.00% |
Marshall Machines Limited Competitors by Market Cap
The table below lists competitors of Marshall Machines Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
E Media Holdings Ltd
JSE:EMH
|
$863.16K |
|
TKMS AG & Co KGaA
XETRA:TKMS
|
$863.27K |
|
Karma Energy Limited
NSE:KARMAENG
|
$863.28K |
|
Triangle Energy (Global) Limited
F:626
|
$863.30K |
|
STARBUCKS
HM:SRB
|
$862.90K |
|
BNP PAR.ISS. O.E. ETC
F:BNQQ
|
$862.90K |
|
Rush Factory Oyj
HE:RUSH
|
$862.73K |
|
Sepatu Bata Tbk
JK:BATA
|
$862.32K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marshall Machines Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 395,306,000 to 760,204,000, a change of 364,898,000 (92.3%).
- Net loss of 53,987,000 reduced equity.
- Share repurchases of 418,934,520 reduced equity.
- New share issuances of 418,935,000 increased equity.
- Other comprehensive income increased equity by 521,192,000.
- Other factors decreased equity by 102,307,480.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-53.99 Million | -7.1% |
| Share Repurchases | ₹418.93 Million | -55.11% |
| Share Issuances | ₹418.94 Million | +55.11% |
| Other Comprehensive Income | ₹521.19 Million | +68.56% |
| Other Changes | ₹-102.31 Million | -13.46% |
| Total Change | ₹- | 92.31% |
Book Value vs Market Value Analysis
This analysis compares Marshall Machines Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.65x to 0.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | ₹5.56 | ₹3.64 | x |
| 2015-03-31 | ₹5.73 | ₹3.64 | x |
| 2016-03-31 | ₹6.02 | ₹3.64 | x |
| 2017-03-31 | ₹6.78 | ₹3.64 | x |
| 2018-03-31 | ₹12.28 | ₹3.64 | x |
| 2019-03-31 | ₹33.17 | ₹3.64 | x |
| 2020-03-31 | ₹24.74 | ₹3.64 | x |
| 2021-03-31 | ₹29.41 | ₹3.64 | x |
| 2022-03-31 | ₹27.56 | ₹3.64 | x |
| 2023-03-31 | ₹23.70 | ₹3.64 | x |
| 2024-03-31 | ₹31.81 | ₹3.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marshall Machines Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.31%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.06x
- Recent ROE (-7.10%) is below the historical average (4.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 7.26% | 1.51% | 0.74x | 6.52x | ₹-2.21 Million |
| 2015 | 2.99% | 0.60% | 0.70x | 7.14x | ₹-5.84 Million |
| 2016 | 4.74% | 0.95% | 0.73x | 6.78x | ₹-4.60 Million |
| 2017 | 11.21% | 2.22% | 0.77x | 6.60x | ₹1.19 Million |
| 2018 | 28.00% | 8.47% | 0.74x | 4.46x | ₹32.16 Million |
| 2019 | 14.99% | 8.94% | 0.60x | 2.80x | ₹19.23 Million |
| 2020 | 7.21% | 5.04% | 0.49x | 2.93x | ₹-11.52 Million |
| 2021 | 0.74% | 0.54% | 0.50x | 2.71x | ₹-45.41 Million |
| 2022 | -6.82% | -5.20% | 0.45x | 2.94x | ₹-77.34 Million |
| 2023 | -17.45% | -20.00% | 0.24x | 3.57x | ₹-108.53 Million |
| 2024 | -7.10% | -19.31% | 0.18x | 2.06x | ₹-130.01 Million |
Industry Comparison
This section compares Marshall Machines Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,652,920,800
- Average return on equity (ROE) among peers: 9.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marshall Machines Limited (MARSHALL) | ₹760.20 Million | 7.26% | 1.06x | $863.14K |
| Aaron Industries Limited (AARON) | $158.89 Million | 23.34% | 0.87x | $9.17 Million |
| Ador Welding Limited (ADORWELD) | $2.35 Billion | 7.84% | 0.61x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $15.98K |
| AIA Engineering Limited (AIAENG) | $10.59 Billion | 17.34% | 0.50x | $1.30 Billion |
| The Anup Engineering Limited (ANUP) | $3.93 Billion | 15.77% | 0.34x | $185.19 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.43 Million |
| Azad Engineering Limited (AZAD) | $13.93 Billion | 6.27% | 0.34x | $468.30 Million |
| Bharat Heavy Electricals Limited (BHEL) | $52.96 Billion | 12.43% | 1.30x | $4.21 Billion |
| Cummins India Limited (CUMMINSIND) | $42.83 Billion | 17.34% | 0.41x | $7.17 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $8.61 Billion | -21.42% | 2.62x | $116.63 Million |