Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.77 | -13.66 | 0.04 | 2.77 | -2.07 | 0.00 | 3.64 | 0.00 | 0.20 | 6.03 | 7.18 | 1.93 |
| Expenses | 8.74 | 16.33 | 4.83 | 18.65 | 0.83 | 0.37 | 3.98 | 2.95 | 0.68 | 6.51 | 5.45 | 1.86 |
| Operating Profit | 12.03 | -29.99 | -4.79 | -15.88 | -2.90 | -0.37 | -0.34 | -2.95 | -0.48 | -0.48 | 1.73 | 0.07 |
| OPM % | 57.92% | -11,975.00% | -573.29% | -9.34% | -240.00% | -7.96% | 24.09% | 3.63% | ||||
| Other Income | 0.26 | 1.01 | 2.13 | 0.33 | 0.43 | 0.29 | 0.38 | 2.30 | 0.98 | 0.46 | 0.95 | 0.38 |
| Interest | 0.01 | 0.11 | 0.00 | 0.24 | 0.00 | 0.29 | 0.52 | 0.84 | 0.00 | 0.13 | 0.00 | 0.05 |
| Depreciation | 8.28 | -6.66 | 0.13 | 0.13 | 0.10 | 0.10 | 0.11 | 0.14 | 0.12 | 0.16 | 0.13 | 0.14 |
| Profit before tax | 4.00 | -22.43 | -2.79 | -15.92 | -2.57 | -0.47 | -0.59 | -1.63 | 0.38 | -0.31 | 2.55 | 0.26 |
| 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 | 4.00 | -22.43 | -2.79 | -15.92 | -2.57 | -0.47 | -0.60 | -1.63 | 0.39 | -0.30 | 2.54 | 0.26 |
| EPS in Rs | 2.08 | -11.66 | -1.45 | -8.27 | -1.34 | -0.24 | -0.31 | -0.85 | 0.20 | -0.16 | 1.32 | 0.14 |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 86.78 | 92.64 | 92.71 | 140.26 | 135.54 | 20.78 | 7.10 | 2.58 | -2.07 | 3.64 | 6.09 | 9.10 |
| Expenses | 82.08 | 87.06 | 86.39 | 128.99 | 129.12 | 26.95 | 25.06 | 23.35 | 1.16 | 6.79 | 7.03 | 7.30 |
| Operating Profit | 4.70 | 5.58 | 6.32 | 11.27 | 6.42 | -6.17 | -17.96 | -20.77 | -3.23 | -3.15 | -0.94 | 1.80 |
| OPM % | 5.42% | 6.02% | 6.82% | 8.04% | 4.74% | -29.69% | -252.96% | -805.04% | -86.54% | -15.44% | 19.78% | |
| Other Income | 0.29 | 0.22 | 0.41 | 0.51 | 0.29 | 2.97 | 1.26 | 2.56 | 0.69 | 2.54 | 1.43 | 1.33 |
| Interest | 2.69 | 3.22 | 3.94 | 4.43 | 4.79 | 3.28 | 0.12 | 0.24 | 0.30 | 1.36 | 0.13 | 0.05 |
| Depreciation | 1.07 | 1.09 | 1.41 | 0.05 | 1.42 | 1.66 | 1.62 | 0.25 | 0.20 | 0.25 | 0.28 | 0.27 |
| Profit before tax | 1.23 | 1.49 | 1.38 | 7.30 | 0.50 | -8.14 | -18.44 | -18.70 | -3.04 | -2.22 | 0.08 | 2.81 |
| Tax % | 20.33% | 30.87% | 31.88% | 23.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0.98 | 1.03 | 0.94 | 5.60 | 0.50 | -8.14 | -18.43 | -18.70 | -3.04 | -2.22 | 0.08 | 2.80 |
| EPS in Rs | 12.25 | 12.88 | 8.53 | 7.97 | 0.26 | -4.23 | -9.58 | -9.72 | -1.58 | -1.15 | 0.04 | 1.46 |
| Dividend Payout % | 0.00% | 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 | % | 5% | % | 49% | ||
| Compounded Profit Growth | % | 16% | 35% | 229% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | % | % | % |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.80 | 0.80 | 1.10 | 7.02 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 |
| Reserves | 9.29 | 10.14 | 12.30 | 16.03 | 20.97 | 12.83 | -5.71 | -24.41 | -27.45 | -29.47 | -29.39 | -26.58 |
| Borrowings | 21.86 | 29.20 | 34.41 | 36.42 | 38.58 | 38.29 | 34.19 | 34.05 | 32.47 | 8.78 | 7.05 | 7.07 |
| Other Liabilities | 6.20 | 2.12 | 2.73 | 6.91 | 6.78 | 26.98 | 13.14 | 4.82 | 9.01 | 20.82 | 12.19 | 10.74 |
| Total Liabilities | 38.15 | 42.26 | 50.54 | 66.38 | 85.57 | 97.34 | 60.86 | 33.70 | 33.27 | 19.37 | 9.09 | 10.47 |
| Fixed Assets | 8.79 | 8.25 | 14.43 | 20.19 | 18.80 | 17.28 | 15.90 | 1.97 | 1.68 | 1.35 | 1.53 | 1.40 |
| 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 | 0.25 | 0.25 | 0.43 | 0.40 | 0.40 | 0.42 | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 29.11 | 33.76 | 35.68 | 45.79 | 66.37 | 79.64 | 44.77 | 31.73 | 31.59 | 18.02 | 7.56 | 9.07 |
| Total Assets | 38.15 | 42.26 | 50.54 | 66.38 | 85.57 | 97.34 | 60.86 | 33.70 | 33.27 | 19.37 | 9.09 | 10.47 |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.00 | 6.96 | 4.57 | 5.71 | -10.00 | 6.45 | 10.83 | -2.05 | 2.12 | -21.16 | -0.20 | -0.88 |
| Cash from Investing Activity | 0.00 | -2.34 | -6.50 | -7.35 | -1.78 | -4.22 | -6.91 | 2.30 | -0.50 | 23.86 | 1.83 | 0.88 |
| Cash from Financing Activity | 0.00 | -4.42 | 1.73 | 2.50 | 11.57 | -3.08 | -4.29 | -0.10 | -1.62 | -2.60 | -1.86 | -0.03 |
| Net Cash Flow | 0.00 | 0.20 | -0.19 | 0.85 | -0.20 | -0.85 | -0.38 | 0.14 | 0.01 | 0.10 | -0.22 | -0.03 |
| Free Cash Flow | 0.00 | 6.41 | -2.97 | -1.93 | -10.03 | 6.62 | 10.81 | 13.49 | 2.18 | -21.36 | -0.65 | -0.04 |
| CFO/OP | 0% | 130% | 80% | 65% | -155% | -105% | -60% | 10% | -66% | 672% | 21% | -49% |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53.08 | 47.83 | 75.12 | 71.49 | 95.73 | 644.63 | 1,209.13 | 473.93 | -229.23 | 1,300.56 | 245.73 | 221.81 |
| Inventory Days | 68.11 | 79.69 | 60.89 | 37.41 | 69.47 | 293.72 | 72.33 | 11.93 | 0.00 | 31.60 | 9.00 | |
| Days Payable | 26.67 | 6.91 | 8.94 | 13.82 | 10.82 | 367.19 | 165.52 | 110.22 | 183.14 | 193.91 | ||
| Cash Conversion Cycle | 94.52 | 120.62 | 127.07 | 95.08 | 154.38 | 571.17 | 1,115.94 | 375.65 | -229.23 | 1,300.56 | 94.18 | 36.91 |
| Working Capital Days | 96.11 | 115.68 | 125.91 | 43.80 | 90.40 | 415.59 | -204.09 | -3,157.67 | -4,790.85 | -198.54 | -77.32 | 128.75 |
| ROCE % | 14.94% | 13.07% | 12.01% | 7.65% | -6.52% | -31.03% | -53.16% | -10.76% | -25.60% |
| 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 | 65.40% | 65.40% | 65.40% | 65.40% | 65.40% | 65.40% | 65.40% | 65.40% | 65.40% | 64.36% | 64.32% | 64.32% |
| Public | 34.59% | 34.59% | 34.59% | 34.59% | 34.59% | 34.59% | 34.59% | 34.59% | 34.59% | 35.64% | 35.68% | 35.68% |
| No. of Shareholders | 233 | 233 | 220 | 218 | 218 | 218 | 218 | 210 | 210 | 202 | 215 | 207 |
Fundamentals
Market Cap₹ 34.1 Cr.
Current Price₹ 17.7
Stock P/E23.2
Book Value₹ -3.81
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)49%
Compounded Profit Growth (TTM)229%
Standalone figures.
Valuation
Market capRs 34 Cr
Enterprise valueRs 41 Cr
P/E (TTM)12.19x
Price to book-4.65x
Price to sales3.75x
EV / EBITDA13.15x
EV / EBIT14.40x
EV / sales4.52x
Earnings yield8.20%
P/E, 3-year average82.49x
P/B, 3-year average-0.65x
P/E, 5-year average82.49x
P/B, 5-year average-0.84x
Profitability
Operating margin (excl. other income)19.78%
Operating margin (incl. other income)34.40%
EBITDA margin34.40%
Pre-tax margin30.88%
Net profit margin30.77%
ROE-32.02%
ROA28.63%
ROE, 3-year average-2.91%
ROCE, 3-year average-7.54%
ROA, 3-year average6.92%
ROE, 5-year average-82.13%
ROCE, 5-year average-22.02%
ROA, 5-year average-5.57%
Other income / net worth-18.12%
Growth
Sales growth (latest year)49.43%
Profit growth (latest year)3400.00%
Sales CAGR, 5 years5.09%
Per share
EPS (TTM)Rs 1.46
EPS, 3-year averageRs -0.56
EPS, 5-year averageRs -3.10
Book value per shareRs -3.82
Sales per shareRs 4.73
Cash flow per shareRs -0.46
Free cash flow per shareRs -0.02
Efficiency
Asset turnover0.87x
Fixed asset turnover6.50x
Inventory turnover40.53x
Inventory days9 days
Debtor days222 days
Debtors turnover1.65x
Creditor days194 days
Cash conversion cycle37 days
Working capital days129 days
Leverage
Total debtRs 7 Cr
Cash and bankRs 0 Cr
Net debtRs 7 Cr
Debt to equity-0.96x
Net debt / EBITDA2.25x
Interest coverage57.20x
Owners' fund to total sources-70.11%
Debt to assets67.53%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 1 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 9 Cr
Net sales (latest year)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 6 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs 10 Cr
Share capitalRs 19 Cr
ReservesRs -27 Cr
Shareholders' fundsRs -7 Cr
Total assetsRs 10 Cr
Net blockRs 1 Cr
ReceivablesRs 6 Cr
InventoryRs 0 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)1.92
Ownership
Promoter holding64.32% (-1.08 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 | 542503 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.3% | -2.8% | +0.5 pts |
| 1 month | -19.6% | -6.8% | -12.8 pts |
| 3 years | +417.2% | +14.2% | +403.0 pts |
| 5 years | +417.2% | +27.9% | +389.3 pts |
Red flags
F-score 6 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | Weak cash conversion Cash from operations was -3370% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 35% of total assets in 2026 |
| look | Profit leans on other income Other income was 47% of pre-tax profit 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
Mar 2026Sales ₹2 Cr.
Net profit ₹0 Cr +116.0%.
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 Mahip Industries Ltd?
Mahip Industries Ltd (542503) has a market capitalisation of Rs 34.1 Cr. at the 2026-09-28 close.
What is the P/E ratio of Mahip Industries Ltd?
Mahip Industries Ltd trades at a P/E of 23.2 on trailing twelve-month profit, at the 2026-09-28 close.
What were Mahip Industries Ltd's latest quarterly results?
In the Mar 2026 quarter, Mahip Industries Ltd sales was Rs 2 Cr and net profit was Rs 0 Cr.