Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.55 | 0.60 | 3.17 | 1.31 |
| Expenses | 0.10 | 0.03 | 0.03 | 0.07 | 0.04 | 0.02 | 0.04 | 0.08 | 0.51 | 0.57 | 3.05 | 1.25 |
| Operating Profit | -0.10 | -0.03 | -0.03 | -0.07 | -0.04 | -0.02 | -0.04 | -0.08 | 0.04 | 0.03 | 0.12 | 0.06 |
| OPM % | 7.27% | 5.00% | 3.79% | 4.58% | ||||||||
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.10 | -0.03 | -0.03 | -0.07 | -0.04 | -0.02 | 0.02 | -0.08 | 0.04 | 0.03 | 0.12 | 0.06 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.10 | -0.03 | -0.03 | -0.07 | -0.04 | -0.02 | 0.02 | -0.08 | 0.04 | 0.03 | 0.12 | 0.06 |
| EPS in Rs | -0.28 | -0.08 | -0.08 | -0.20 | -0.11 | -0.06 | 0.06 | -0.22 | 0.11 | 0.08 | 0.33 | 0.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.31 | 5.63 |
| Expenses | 0.20 | 0.10 | 0.11 | 0.10 | 0.10 | 0.07 | 0.10 | 0.03 | 0.31 | 0.16 | 4.21 | 5.38 |
| Operating Profit | -0.20 | -0.10 | -0.11 | -0.10 | -0.10 | -0.07 | -0.10 | -0.03 | -0.31 | -0.16 | 0.10 | 0.25 |
| OPM % | 2.32% | 4.44% | ||||||||||
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.20 | -0.10 | -0.11 | -0.10 | -0.10 | -0.07 | -0.10 | -0.03 | -0.31 | -0.10 | 0.10 | 0.25 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.00% | |
| Net Profit | -0.20 | -0.10 | -0.11 | -0.10 | -0.10 | -0.07 | -0.10 | -0.03 | -0.31 | -0.10 | 0.09 | 0.25 |
| EPS in Rs | -0.56 | -0.28 | -0.31 | -0.28 | -0.28 | -0.20 | -0.28 | -0.08 | -0.86 | -0.28 | 0.25 | 0.69 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | % | % | ||
| Compounded Profit Growth | 9% | 27% | 71% | 308% | ||
| Stock Price CAGR | 11% | % | 33% | 62% | ||
| Return on Equity | % | % | % | % |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 | 3.58 |
| Reserves | -5.65 | -5.85 | -5.95 | -6.06 | -6.16 | -6.26 | -6.33 | -6.43 | -6.46 | -6.76 | -6.87 | -6.78 |
| Borrowings | 2.41 | 2.55 | 2.61 | 2.67 | 2.70 | 2.71 | 2.79 | 2.84 | 2.84 | 2.71 | 3.43 | 3.60 |
| Other Liabilities | 0.02 | 0.07 | 0.11 | 0.16 | 0.23 | 0.32 | 0.31 | 0.36 | 0.39 | 0.62 | 0.02 | 0.49 |
| Total Liabilities | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.15 | 0.16 | 0.89 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.15 | 0.16 | 0.89 |
| Total Assets | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.15 | 0.16 | 0.89 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.10 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | -0.72 | -0.01 |
| Cash from Investing Activity | -0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.14 | 0.73 | 0.17 |
| Net Cash Flow | 0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.16 |
| Free Cash Flow | 0.10 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | -0.72 | -0.01 |
| CFO/OP | -83% | 5% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -52% | 450% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | |||||||||||
| Inventory Days | 1.83 | |||||||||||
| Days Payable | 2.75 | |||||||||||
| Cash Conversion Cycle | -0.92 | |||||||||||
| Working Capital Days | -0.85 | |||||||||||
| ROCE % | -10.17% | -64.52% | -38.46% | -51.16% | -64.52% | -133.33% | -200.00% | -666.67% | 37.04% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 43.62% | 29.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.06% | 0.06% | 0.06% |
| DIIs | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.44% | 0.50% | 0.44% | 0.44% | 0.44% |
| Public | 55.87% | 69.83% | 99.50% | 99.49% | 99.50% | 99.49% | 99.50% | 99.50% | 99.50% | 99.49% | 99.50% | 99.49% |
| No. of Shareholders | 18,592 | 18,603 | 18,573 | 18,477 | 18,550 | 18,507 | 18,472 | 18,399 | 18,395 | 18,385 | 18,381 | 18,374 |
Fundamentals
Market Cap₹ 13.1 Cr.
Current Price₹ 36.5
Stock P/E52.3
Book Value₹ -8.93
ROCE37.0 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)%
Compounded Profit Growth (TTM)308%
Standalone figures.
Valuation
Market capRs 14 Cr
Enterprise valueRs 18 Cr
P/E (TTM)57.63x
Price to book-4.50x
Price to sales2.56x
EV / EBITDA71.27x
EV / EBIT71.27x
EV / sales3.16x
Earnings yield1.74%
P/E, 3-year average107.07x
P/B, 3-year average-3.56x
P/E, 5-year average107.07x
P/B, 5-year average-2.50x
Profitability
Operating margin (excl. other income)2.32%
Operating margin (incl. other income)2.32%
EBITDA margin4.44%
Pre-tax margin4.44%
Net profit margin4.44%
Net margin, latest quarter4.58%
ROE-2.77%
ROCE37.04%
ROA17.14%
ROE, 3-year average3.52%
ROCE, 3-year average37.04%
ROA, 3-year average-57.12%
ROE, 5-year average3.03%
ROCE, 5-year average-314.81%
ROA, 5-year average-41.70%
ROIC (approx.)95.24%
Tax rate20.00%
Growth
Sales growth QoQ-58.68%
Profit growth QoQ-50.00%
Per share
EPS (TTM)Rs 0.70
EPS (latest year)Rs 0.25
EPS (latest quarter)Rs 0.17
EPS, 3-year averageRs -0.30
EPS, 5-year averageRs -0.25
Book value per shareRs -8.93
Sales per shareRs 15.71
Cash flow per shareRs -0.03
Free cash flow per shareRs -0.03
Efficiency
Asset turnover4.84x
Inventory turnover199.00x
Inventory days2 days
Creditor days3 days
Cash conversion cycle-1 days
Working capital days-1 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity-1.12x
Net debt / EBITDA13.64x
Owners' fund to total sources-359.55%
Debt to assets404.49%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 4 Cr
ReservesRs -7 Cr
Shareholders' fundsRs -3 Cr
Total assetsRs 1 Cr
InventoryRs 0 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.36
Ownership
Promoter holding0.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 505797 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +14.3% | -2.8% | +17.1 pts |
| 1 month | +95.7% | -6.8% | +102.5 pts |
| 3 years | +146.9% | +14.2% | +132.7 pts |
| 5 years | +419.9% | +27.9% | +392.0 pts |
Red flags
F-score 4 of 6| serious | Negative equity Shareholders' equity is negative |
| explain | High accruals Profit exceeded operating cash by 11% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1 Cr.
Net profit ₹0 Cr +175.0%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Mipco Seamless Rings (Gujarat) Ltd?
Mipco Seamless Rings (Gujarat) Ltd (505797) has a market capitalisation of Rs 13.1 Cr. at the 2026-10-01 close.
What is the P/E ratio of Mipco Seamless Rings (Gujarat) Ltd?
Mipco Seamless Rings (Gujarat) Ltd trades at a P/E of 52.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Mipco Seamless Rings (Gujarat) Ltd's latest quarterly results?
In the Jun 2026 quarter, Mipco Seamless Rings (Gujarat) Ltd sales was Rs 1 Cr and net profit was Rs 0 Cr.