Master Components Limited 's Board of Directors approved the audited standalone financial results for the year ended March 31, 2026, reporting a 14.6% increase in net profit to ₹744.36 lakhs from ₹649.30 lakhs in the previous year. Revenue from operations grew significantly to ₹7,438.04 lakhs compared to ₹4,240.31 lakhs in FY25. The board meeting, held on May 15, 2026, also approved entering into a Joint Venture Agreement with Prathamesh Industries (India) Limited to establish a new entity for manufacturing composite materials.

Financial Performance for FY26

The company's total income for the year stood at ₹7,466.33 lakhs, up from ₹4,281.07 lakhs in the prior year. Total expenses increased to ₹6,469.00 lakhs from ₹3,732.40 lakhs. Profit Before Tax (PBT) rose to ₹997.32 lakhs from ₹867.97 lakhs. The statutory auditors, Bhalchandra D Karve & Associates, issued an unmodified opinion on the standalone financial statements.

Balance Sheet Highlights

Total assets expanded to ₹5,910.16 lakhs as of March 31, 2026, compared to ₹4,304.85 lakhs a year earlier. Shareholders' funds improved, with reserves and surplus rising to ₹3,278.62 lakhs from ₹2,549.09 lakhs. Cash and cash equivalents increased substantially to ₹301.15 lakhs from ₹23.03 lakhs, while trade receivables grew to ₹1,487.66 lakhs from ₹921.22 lakhs.

Joint Venture with Prathamesh Industries

The board approved a 50:50 joint venture with Prathamesh Industries (India) Limited to incorporate a Private Limited Company. The initial paid-up share capital will be INR 10,00,000 divided into 5,000 equity shares of INR 100 each for both partners. The JV will focus on manufacturing Sheet Moulding Compound (SMC) and Dough Moulding Compound (DMC) for domestic and international markets. Master Components Limited will have the right to nominate the Chief Executive Officer, while Prathamesh Industries will nominate the Chief Operations Officer.

IPO Proceeds and Other Decisions

The board reviewed the utilization of IPO proceeds for the quarter ended March 31, 2026. The net proceeds of ₹874.06 lakhs were fully utilized for funding working capital requirements (₹681.66 lakhs) and general corporate purposes (₹192.50 lakhs) with no deviation. Additionally, the board appointed M/s. Keshav Joshi and Associates as Internal Auditors for FY 2026-27 and approved the CSR budget for the upcoming fiscal year.

Master Components Limited , an IATF16949:2016 and ISO 9001:2015 certified company headquartered at MIDC Ambad, Nashik, has announced the receipt of a purchase order for the supply of electrical products from a domestic entity. The order, valued at approximately Rs. 40,26,078.58 including tax, was disclosed to the National Stock Exchange of India Ltd. on May 13, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The purchase order has been awarded by a domestic company whose name has not been disclosed due to competitive sensitivity reasons. The key terms and parameters of the order are outlined below:

Compliance and Disclosure

The intimation was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has confirmed that neither the promoter, promoter group, nor group companies hold any interest in the awarding entity, and the transaction does not qualify as a related party transaction. The disclosure was signed by Mr. Shrikant Hanamant Joshi, Managing Director and Chairman of Master Components Limited.