Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 4.27 | 8.88 | 6.10 | 11.91 | 6.04 | 2.32 |
| Expenses | 3.71 | 7.90 | 5.53 | 11.04 | 5.62 | 3.37 |
| Operating Profit | 0.56 | 0.98 | 0.57 | 0.87 | 0.42 | -1.05 |
| OPM % | 13.11% | 11.04% | 9.34% | 7.30% | 6.95% | -45.26% |
| Other Income | 0.02 | 0.03 | 0.01 | 0.08 | 0.01 | 0.01 |
| Interest | 0.21 | 0.20 | 0.13 | 0.15 | 0.14 | 0.16 |
| Depreciation | 0.04 | 0.04 | 0.07 | -0.03 | 0.05 | 0.10 |
| Profit before tax | 0.33 | 0.77 | 0.38 | 0.83 | 0.24 | -1.30 |
| Tax % | 24.24% | 27.27% | 31.58% | 22.89% | 29.17% | -6.92% |
| Net Profit | 0.25 | 0.56 | 0.26 | 0.63 | 0.18 | -1.21 |
| EPS in Rs | 1.25 | 2.00 | 0.88 | 1.98 | 0.57 | -3.80 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.62 | 3.93 | 4.20 | 7.29 | 11.05 | 13.13 | 17.98 | 8.07 |
| Expenses | 0.78 | 3.90 | 4.06 | 6.95 | 9.81 | 11.58 | 16.54 | 8.69 |
| Operating Profit | -0.16 | 0.03 | 0.14 | 0.34 | 1.24 | 1.55 | 1.44 | -0.62 |
| OPM % | -25.81% | 0.76% | 3.33% | 4.66% | 11.22% | 11.81% | 8.01% | -7.68% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.01 | -0.07 | 0.04 | 0.09 | 0.02 |
| Interest | 0.00 | 0.00 | 0.04 | 0.17 | 0.36 | 0.41 | 0.29 | 0.30 |
| Depreciation | 0.00 | 0.02 | 0.07 | 0.10 | 0.11 | 0.08 | 0.04 | 0.15 |
| Profit before tax | -0.16 | 0.01 | 0.03 | 0.08 | 0.70 | 1.10 | 1.20 | -1.05 |
| Tax % | -25.00% | 0.00% | 66.67% | 50.00% | 27.14% | 26.36% | 25.83% | -1.90% |
| Net Profit | -0.12 | 0.01 | 0.00 | 0.05 | 0.51 | 0.81 | 0.89 | -1.03 |
| EPS in Rs | -12.00 | 1.00 | 0.00 | 2.00 | 2.55 | 2.89 | 2.80 | -3.24 |
| Dividend Payout % | 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 | % | 14% | -10% | -55% | ||
| Compounded Profit Growth | % | % | % | -216% | ||
| Stock Price CAGR | % | % | % | -49% | ||
| Return on Equity | % | 3% | 2% | -6% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.25 | 0.25 | 2.00 | 2.80 | 3.18 | 3.18 |
| Reserves | -0.15 | -0.15 | 0.27 | 0.32 | 0.18 | 8.64 | 14.74 | 13.57 |
| Borrowings | 0.52 | 0.88 | 1.08 | 2.31 | 3.00 | 1.85 | 1.49 | 7.20 |
| Other Liabilities | 0.10 | 0.53 | 0.92 | 1.35 | 1.93 | 0.94 | 4.23 | 1.80 |
| Total Liabilities | 0.57 | 1.36 | 2.52 | 4.23 | 7.11 | 14.23 | 23.64 | 25.75 |
| Fixed Assets | 0.01 | 0.16 | 0.25 | 0.28 | 0.27 | 0.22 | 0.18 | 0.35 |
| CWIP | 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 |
| Other Assets | 0.56 | 1.20 | 2.27 | 3.95 | 6.84 | 14.01 | 23.46 | 25.40 |
| Total Assets | 0.57 | 1.36 | 2.52 | 4.23 | 7.11 | 14.23 | 23.64 | 25.75 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.09 | -0.58 | -0.88 | -1.18 | -6.25 | -5.00 | -5.19 | |
| Cash from Investing Activity | -0.17 | -0.17 | -0.12 | -0.10 | -0.03 | -0.01 | -0.32 | |
| Cash from Financing Activity | 0.36 | 0.72 | 1.06 | 1.33 | 6.90 | 4.95 | 5.26 | |
| Net Cash Flow | 0.10 | -0.03 | 0.07 | 0.04 | 0.62 | -0.06 | -0.25 | |
| Free Cash Flow | -0.26 | -0.75 | -1.00 | -1.28 | -6.28 | -5.01 | -5.51 | |
| CFO/OP | -300% | -400% | -247% | -79% | -385% | -326% | 837% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88.31 | 16.72 | 89.51 | 71.10 | 71.68 | 87.57 | 203.00 | 351.43 |
| Inventory Days | 666.52 | 322.25 | 326.21 | 276.45 | 456.11 | 320.12 | 985.71 | |
| Days Payable | 396.74 | 279.50 | 216.88 | 132.45 | 33.81 | 118.13 | 47.43 | |
| Cash Conversion Cycle | 88.31 | 286.50 | 132.26 | 180.42 | 215.68 | 509.87 | 404.98 | 1,289.71 |
| Working Capital Days | 235.48 | 47.37 | 15.64 | 38.05 | 90.84 | 300.78 | 347.54 | 736.78 |
| ROCE % | 1.54% | 5.76% | 11.16% | 28.54% | 16.35% | 9.11% | -3.46% |
| Nov 2023 | Mar 2024 | Sep 2024 | Nov 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 68.39% | 68.39% | 68.39% | 64.54% | 64.54% | 56.69% | 56.69% | 53.55% |
| FIIs | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 31.40% | 31.62% | 31.60% | 35.46% | 35.46% | 43.31% | 43.31% | 46.45% |
| No. of Shareholders | 658 | 417 | 326 | 423 | 405 | 433 | 428 | 429 |
Fundamentals
Market Cap₹ 12.0 Cr.
Current Price₹ 34.0
Book Value₹ 52.6
ROCE-3.46 %
ROE-5.94 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-55%
Compounded Profit Growth (TTM)-216%
Standalone figures.
Valuation
Market capRs 10 Cr
Enterprise valueRs 11 Cr
P/E (TTM)12.77x
Price to book0.90x
Price to sales0.79x
EV / EBITDA7.15x
EV / EBIT7.53x
EV / sales0.87x
Earnings yield7.83%
P/E, 3-year average41.19x
P/B, 3-year average2.92x
P/E, 5-year average41.19x
P/B, 5-year average2.92x
Profitability
Operating margin (excl. other income)11.80%
Operating margin (incl. other income)12.11%
EBITDA margin12.11%
Pre-tax margin8.38%
Net profit margin6.17%
ROE11.89%
ROCE16.35%
ROA7.59%
ROE, 3-year average19.39%
ROCE, 3-year average17.94%
ROA, 3-year average6.02%
ROE, 5-year average9.54%
ROCE, 5-year average12.22%
ROA, 5-year average4.78%
ROIC (approx.)8.92%
Tax rate26.36%
Other income / net worth0.35%
Growth
Sales growth (latest year)18.82%
Profit growth (latest year)58.82%
Sales CAGR, 3 years46.22%
Sales CAGR, 5 years84.15%
Per share
EPS (TTM)Rs 2.89
EPS (latest year)Rs 2.89
EPS, 3-year averageRs 2.48
EPS, 5-year averageRs 2.11
Book value per shareRs 40.86
Sales per shareRs 46.89
Cash flow per shareRs -22.32
Free cash flow per shareRs -19.68
Efficiency
Asset turnover0.92x
Fixed asset turnover59.68x
Inventory turnover0.82x
Inventory days444 days
Debtor days88 days
Debtors turnover4.17x
Creditor days47 days
Cash conversion cycle1290 days
Working capital days737 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 1 Cr
Net debtRs 1 Cr
Debt to equity0.16x
Net debt / EBITDA0.65x
Interest coverage3.68x
Owners' fund to total sources80.39%
Debt to assets13.00%
Cash flow
Cash from Operating Activity (latest year)Rs -6 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -6 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years-15.04x
Statement figures
Net sales (TTM)Rs 13 Cr
Net sales (latest year)Rs 13 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 12 Cr
Total income (latest year)Rs 13 Cr
Share capitalRs 3 Cr
ReservesRs 9 Cr
Shareholders' fundsRs 11 Cr
Total assetsRs 14 Cr
Net blockRs 0 Cr
ReceivablesRs 3 Cr
InventoryRs 8 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.28
Ownership
Promoter holding53.55% (-10.99 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.90 is at the 14th percentile (median 8.22).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 544015 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.2% | -2.8% | +4.0 pts |
| 1 month | +2.8% | -6.8% | +9.5 pts |
| 3 months | -4.1% | -7.6% | +3.6 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -607% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 50% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 45% vs sales +19% in 2026 |
| explain | Share dilution Share count up 40% in a year, 2700% in three |
| look | Inventory outrunning sales Inventory grew 122% vs sales +19% 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 -73.9% vs Mar 2024.
Net loss ₹1 Cr.
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 Mish Designs Ltd?
Mish Designs Ltd (544015) has a market capitalisation of Rs 12.0 Cr. at the 2026-10-01 close.
What were Mish Designs Ltd's latest quarterly results?
In the Mar 2026 quarter, Mish Designs Ltd sales was Rs 2 Cr (-73.9% vs Mar 2024) with a net loss of Rs 1 Cr.