About the Company:
Marshall Machines Ltd is in the business of developing, manufacturing and marketing of Machine Tool Equipment.
Company is providing their product offering and solutions to wide range of industries including manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, Bushes, etc.
Marshall Machines Limited is in the business of developing, manufacturing and marketing of Machine Tool Equipment including wide range of single spindle, patented double and four spindle CNC machines, automated robotic solutions and patent pending IoTQ suite of intelligent equipment
Company had originnaly set up the business in the name and style of “Marshall Industries” more than 54 year ago to initially manufacture hosiery machines. In coming years, the business moved to design & manufacture of high precision Bench Lathes, Heavy Duty Lathes & Capstan Lathes, thousands of which were sold all over the country.
Company became a known brand in the design and manufacture of high precision bench lathes, heavy duty lathes & capstan lathes. It was amongst first Indian CNC Machine manufacturers and launched CNC Machines way back in 1998.
Marshall has won several national awards for its product and technology and has come to be known as an innovative machine tool manufacturer in India and pioneer of “Intelligent Automation”.
Company’s Manufacturing and R&D Facilities:
Company’s manufacturing & R&D base is in Ludhiana, while they also have a R&D, Marketing and Technology Display Centre at IMT Manesar, Gurugram. Company’s Ludhiana facilities consist of state-of-the-art, two nearby production facilities aggregating 97,000 square foot, where they manufacture and assemble their product offerings and engineer solutions to support the customers’ requirements.
These facilities also include research and development related to making their products Super-Optimized and automated. Company’s IMT Manesar, Gurugram facility spread over a 10,000 square foot campus, housing knowledge center, research and development facility related to IoTQ technologies, marketing and functions as technology and product demonstration center.
Additionally, the Company also plans to expand its Technology Display Centre base to South India and USA.
Company’s Order Book:
Company’s current aggregate order booking position as on July 19, 2018 is Rs. 55.27 crores of 188 machines, comprising of the various models of machines i.e. Smartcorrect Gauging Station, Automated Machines (Roboturn), Rapidturn, Twin Spindle (Twinturn), Single Spindle (Rigidturn), CAF Series to various customers i.e. Fanuc, Mitsubishi, Siemens etc.
What is CNC?
Computer Numerical Control (CNC) is the automation of machine tools by means of computers executing preprogrammed sequences of machine control commands. This is in contrast to machines that are manually controlled by hand wheels or levers, or mechanically automated by cams alone.
CNC machining is a manufacturing process in which pre-programmed computer software dictates the movement of Cutting Tools attached to machine slides. The process can be used to control a range of complex machinery, from grinders and lathes to mills and routers.
Competitors for the Company:
Some of the major domestic competitors are:
- Ace Designers Limited
- Batliboi Limited
- Jyoti CNC Automation Limited
- MacPower CNC Machines Limited
- Lokesh Machines Limited
Management Team:
- Mr. Gaurav Sarup (Designation: Managing Director)
- Mr. Prashant Sarup (Designation: Whole- Time Director)
- Mr. Siddhant Sarup (Designation: Whole Time Director)
Geographical Expansion:
To strengthen Company’s position in the industry in which they operate, Company has entered into US through their associate company (to be converted into subsidiary in FY 2018-19), Marshall Automation America Inc. and planning to establish Marshall IoTQ Center in Atlanta, USA within FY 2018-19.
Company’s expansion into other geographical areas, particularly USA, will be mainly through dealer/distribution network.
Company has now started setting up US operations and marketing infrastructure and plan to participate in the 2018’s biggest manufacturing technology exhibition (IMTS) in Chicago to be held in September 2018.
Company will be using that opportunity to select dealers/distributors for sale of Marshall Products in US. This will coincide with opening of a Marshall IoTQ Center in Atlanta, US, where Company will showcase their IoTQ based products and technology on permanent basis.
Company believes that US entry will pave way for them to grow globally and expand their sales and product technology to a large number of customers and significantly add to their brand value.
Objectives of the Issue:
- Capacity Augmentation.
- Upgradation of existing R & D Unit and IOTQ Center.
- Establishment of new IOTQ Centers.
- Working Capital Requirements.
- General Corporate Purpose.
- Issue Expenses.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 39.28 | 42.57 | 43.90 | 50.54 | 59.42 |
| Net Profit | 0.58 | 0.24 | 0.41 | 1.10 | 5.00 |
Valuation of Peer Group Companies:
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th August 2018 |
| Issue Closes on:. | 30th August 2018 |
| Issue Price | Rs.42 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 shares |
| Minimum Investment | Rs.1,26,000 |
| Issue Constitutes | 26.60% |
| Issue Size | Rs.16.25 cr |
| Market Cap | Rs.61.11 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 38,70,000 |
| Equity Shares Prior to the Issue | 1,06,80,000 |
| Equity Shares after the Issue | 1,45,50,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 5.47 | 7.67 | 43.36% | 12.62 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| MARSHALL MACHINES LIMITED C 86, Phase V, Focal Point, Ludhiana – 141010, Punjab, India Tel: +91 161 5012406/2407/9648 Fax: +91 161 5012408 E-mail: gaurav.sarup@marshallcnc.com Website: www.marshallcnc.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel: +91 22 62638200 Fax: +91 22 62638299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| SARTHI CAPITAL ADVISORS PRIVATE LIMITED Unit No. 411, Fourth Floor, Pratap Bhavan, 5 Bahadur Shah Zafar Marg, New Delhi- 110002 Tel: +91 011 23739425-27 Fax: +91 011 23739424 Investor Grievance Email: ipo@sarthiwm.in Website: www.sarthi.in |
