SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN : revenue, balance sheet and financial ratios

SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN is a French company founded 25 years ago, specialized in the sector Fabrication d'équipements hydrauliques et pneumatiques. Based in LE PORT (97420), this company of category ETI shows in 2024 a revenue of 4.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN (SIREN 434359972)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 4 784 615 € 4 576 599 € 4 370 642 € 3 847 577 € 3 775 373 € 3 870 501 € 3 515 547 € 3 361 270 € 2 898 049 €
Net income 663 091 € 610 863 € 420 440 € 348 577 € 470 742 € 632 910 € 421 875 € 354 613 € -324 608 €
EBITDA 592 281 € 926 676 € 847 584 € 493 356 € 972 733 € 897 713 € 607 922 € 619 678 € 407 391 €
Net margin 13.9% 13.3% 9.6% 9.1% 12.5% 16.4% 12.0% 10.5% -11.2%

Revenue and income statement

In 2024, SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN achieves revenue of 4.8 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.5%. Vs 2023: +5%. After deducting consumption (1.5 M€), gross margin stands at 3.3 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 592 k€, representing 12.4% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -36%, reducing margin by 7.9 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 663 k€, i.e. 13.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 784 615 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 290 849 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

592 281 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

645 439 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

663 091 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

12.4%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 95%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 19.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

94.977%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

34.456%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

19.443%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

1.385

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

41.4%

Solvency indicators evolution
SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN

Sector positioning

Debt ratio
94.98 2024
2022
2023
2024
Q1: 0.24
Med: 14.85
Q3: 44.6
Watch +7 pts over 3 years

In 2024, the debt ratio of SOCIETE INDUSTRIELLE DES ... (94.98) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
34.46% 2024
2022
2023
2024
Q1: 33.64%
Med: 52.67%
Q3: 69.11%
Average -15 pts over 3 years

In 2024, the financial autonomy of SOCIETE INDUSTRIELLE DES ... (34.5%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.39 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.61 years
Q3: 2.33 years
Average +9 pts over 3 years

In 2024, the repayment capacity of SOCIETE INDUSTRIELLE DES ... (1.39) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 229.83. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 5.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

229.83

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

5.303

Liquidity indicators evolution
SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN

Sector positioning

Liquidity ratio
229.83 2024
2022
2023
2024
Q1: 205.49
Med: 290.07
Q3: 391.32
Average -17 pts over 3 years

In 2024, the liquidity ratio of SOCIETE INDUSTRIELLE DES ... (229.83) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
5.3x 2024
2022
2023
2024
Q1: 0.0x
Med: 3.01x
Q3: 7.58x
Good +26 pts over 3 years

In 2024, the interest coverage of SOCIETE INDUSTRIELLE DES ... (5.3x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 95 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 70 days. The company must finance 25 days of gap between collections and payments. Inventory turnover is 57 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 131 days of revenue, i.e. 1.7 M€ to permanently finance. Over 2016-2024, WCR increased by +94%, requiring additional financing.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

1 745 475 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

95 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

70 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

57 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

131 j

WCR and payment terms evolution
SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN

Positioning of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN in its sector

Comparison with sector Fabrication d'équipements hydrauliques et pneumatiques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (37 transactions). This range of 375 298€ to 2 150 099€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
375k€ 871k€ 2150k€
871 782 € Range: 375 298€ - 2 150 099€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 37 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Fabrication d'équipements hydrauliques et pneumatiques)

Compare SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'équipements hydrauliques et pneumatiques

Frequently asked questions about SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN

What is the revenue of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN ?

The revenue of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN in 2024 is 4.8 M€.

Is SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN profitable?

Yes, SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN generated a net profit of 663 k€ in 2024.

Where is the headquarters of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN ?

The headquarters of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN is located in LE PORT (97420), in the department La Reunion.

Where to find the tax return of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN ?

The tax return of SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN operate?

SOCIETE INDUSTRIELLE DES MASCAREIGNES DE L'OCEAN INDIEN operates in the sector Fabrication d'équipements hydrauliques et pneumatiques (NAF code 28.12Z). See the 'Sector positioning' section above to compare the company with its competitors.