Price
Financials
Consolidated, 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 | 309 | 420 | 764 | 452 | 996 | 910 | 450 | 1,240 | 1,030 | 717 | 884 | 943 |
| Expenses | 301 | 415 | 749 | 427 | 977 | 896 | 439 | 1,197 | 1,005 | 704 | 874 | 925 |
| Operating Profit | 7 | 6 | 15 | 25 | 18 | 14 | 11 | 43 | 24 | 14 | 10 | 18 |
| OPM % | 2.3% | 1.3% | 2.0% | 5% | 1.9% | 1.5% | 2.5% | 3.5% | 2.4% | 1.9% | 1.1% | 1.9% |
| Other Income | 21 | 20 | 6 | 6 | 8 | 13 | 6 | 5 | 11 | 4 | 9 | 8 |
| Interest | 3 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 21 | 17 | 14 | 24 | 20 | 20 | 10 | 42 | 28 | 11 | 13 | 20 |
| Tax % | 0% | 0% | -145% | -29% | -0% | -19% | -124% | -9% | 24% | 65% | -37% | 25% |
| Net Profit | 21 | 17 | 33 | 30 | 20 | 24 | 23 | 46 | 22 | 4 | 18 | 15 |
| EPS in Rs | 2.96 | 2.39 | 4.65 | 4.23 | 2.78 | 3.40 | 3.23 | 6.35 | 3.03 | 0.62 | 2.49 | 2.03 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,323 | 1,238 | 1,168 | 1,024 | 1,006 | 603 | 1,003 | 1,372 | 2,079 | 2,807 | 3,871 | 3,573 |
| Expenses | 1,283 | 1,223 | 1,175 | 1,085 | 1,012 | 650 | 991 | 1,343 | 2,033 | 2,739 | 3,780 | 3,507 |
| Operating Profit | 40 | 15 | -8 | -61 | -7 | -47 | 12 | 28 | 46 | 68 | 92 | 66 |
| OPM % | 3.0% | 1.2% | -0.7% | -6% | -0.7% | -8% | 1.2% | 2.1% | 2.2% | 2.4% | 2.4% | 1.9% |
| Other Income | 21 | 43 | 33 | -53 | 42 | -5 | 54 | 45 | 64 | 32 | 29 | 32 |
| Interest | 21 | 27 | 31 | 30 | 31 | 22 | 19 | 18 | 15 | 11 | 9 | 9 |
| Depreciation | 21 | 32 | 36 | 36 | 17 | 17 | 16 | 15 | 15 | 15 | 17 | 17 |
| Profit before tax | 19 | -1 | -42 | -180 | -13 | -91 | 32 | 40 | 79 | 74 | 95 | 72 |
| Tax % | 9% | -908% | -0% | 0% | 3% | 3% | 9% | 7% | -25% | -32% | 6% | |
| Net Profit | 17 | 4 | -42 | -180 | -14 | -94 | 29 | 37 | 99 | 98 | 89 | 58 |
| EPS in Rs | 2.46 | 0.59 | -6.00 | -25.87 | -1.97 | -13.50 | 4.09 | 5.26 | 13.81 | 13.63 | 12.47 | 8.17 |
| Dividend Payout % | 24% | 68% | -7% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 18% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 11% | 45% | 41% | -1% | ||
| Compounded Profit Growth | 21% | 26% | 65% | -50% | ||
| Stock Price CAGR | 6% | 26% | -7% | -16% | ||
| Return on Equity | 0% | 8% | 11% | 12% |
| 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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 350 | 362 | 576 | 785 | 493 | 271 | 453 | 672 | 600 | 800 | 727 | 757 |
| Borrowings | 148 | 224 | 250 | 234 | 207 | 150 | 144 | 113 | 94 | 82 | 70 | 64 |
| Other Liabilities | 251 | 331 | 358 | 360 | 292 | 381 | 334 | 424 | 466 | 910 | 579 | 915 |
| Total Liabilities | 762 | 932 | 1,198 | 1,392 | 1,006 | 816 | 944 | 1,223 | 1,175 | 1,806 | 1,390 | 1,750 |
| Fixed Assets | 165 | 213 | 318 | 298 | 139 | 138 | 122 | 98 | 95 | 86 | 85 | 86 |
| CWIP | 36 | 9 | 8 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| Investments | 46 | 46 | 284 | 502 | 374 | 168 | 444 | 633 | 523 | 631 | 443 | 389 |
| Other Assets | 515 | 663 | 588 | 585 | 493 | 510 | 378 | 493 | 557 | 1,089 | 862 | 1,265 |
| Total Assets | 762 | 932 | 1,198 | 1,392 | 1,006 | 816 | 944 | 1,223 | 1,175 | 1,806 | 1,390 | 1,750 |
| 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 | 7 | -35 | 88 | 12 | 8 | 24 | 7 | 10 | -7 | 159 | -84 | 141 |
| Cash from Investing Activity | -7 | -21 | -73 | 49 | 40 | 84 | 31 | 61 | 36 | -2 | -17 | -35 |
| Cash from Financing Activity | 4 | 52 | -11 | -52 | -57 | -91 | -29 | -52 | -34 | -23 | -30 | -33 |
| Net Cash Flow | 4 | -5 | 4 | 9 | -9 | 17 | 8 | 18 | -5 | 133 | -131 | 73 |
| Free Cash Flow | -35 | -77 | 4 | 7 | 2 | 57 | 6 | 49 | -15 | 173 | -94 | 116 |
| CFO/OP | 52% | -79% | 600% | -167% | -13% | -356% | -6% | 118% | -20% | 357% | -125% | 188% |
| 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 | 72 | 86 | 85 | 89 | 70 | 92 | 131 | 93 | 76 | 112 | 62 | 67 |
| Inventory Days | 69 | 65 | 76 | 76 | 52 | 49 | 17 | 33 | 36 | 17 | 15 | 11 |
| Days Payable | 108 | 115 | 111 | 125 | 106 | 146 | 172 | 159 | 126 | 161 | 67 | 75 |
| Cash Conversion Cycle | 33 | 35 | 50 | 40 | 15 | -4 | -24 | -34 | -14 | -32 | 10 | 3 |
| Working Capital Days | 6 | 4 | 8 | 3 | -2 | -10 | -69 | -37 | -15 | -28 | 0 | -3 |
| ROCE % | 3% | 6% | 1% | -2% | -8% | 2% | -9% | 2% | 5% | 7% | 10% | 13% |
| 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 | 70.74% | 70.16% | 69.96% | 69.61% | 69.60% | 69.57% | 69.56% | 69.53% | 69.45% | 69.32% | 69.32% | 69.30% |
| FIIs | 0.90% | 0.85% | 0.85% | 0.71% | 0.59% | 0.59% | 0.59% | 0.55% | 0.55% | 0.41% | 0.41% | 0.34% |
| DIIs | 2.16% | 1.70% | 0.94% | 0.93% | 0.80% | 0.78% | 0.60% | 0.34% | 0.34% | 0.34% | 0.29% | 0.12% |
| Public | 26.20% | 27.30% | 28.26% | 28.75% | 29.03% | 29.07% | 29.25% | 29.59% | 29.67% | 29.95% | 29.97% | 30.25% |
| No. of Shareholders | 65,114 | 58,792 | 60,676 | 60,475 | 61,535 | 54,690 | 54,975 | 55,097 | 55,126 | 62,418 | 61,449 | 60,676 |
Fundamentals
Market Cap₹ 829 Cr.
Current Price₹ 115
Stock P/E13.8
Book Value₹ 107
ROCE12.8 %
ROE12.1 %
Dividend Yield2.17 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)-50%
Consolidated figures.
Valuation
Market capRs 825 Cr
Enterprise valueRs 630 Cr
P/E (TTM)14.00x
Price to book1.07x
Price to sales0.23x
EV / EBITDA6.42x
EV / EBIT7.76x
EV / sales0.18x
Price to cash flow5.87x
Earnings yield7.14%
Dividend yield1.97%
P/E, 3-year average8.59x
P/B, 3-year average1.06x
P/E, 5-year average7.05x
P/B, 5-year average0.75x
Profitability
Operating margin (excl. other income)2.37%
Operating margin (incl. other income)3.11%
EBITDA margin2.75%
Pre-tax margin2.03%
Net profit margin1.65%
Net margin, latest quarter1.56%
ROE11.90%
ROCE12.56%
ROA5.73%
ROE, 3-year average12.77%
ROCE, 3-year average11.44%
ROA, 3-year average6.16%
ROE, 5-year average9.81%
ROCE, 5-year average9.81%
ROA, 5-year average4.85%
ROIC (approx.)13.25%
Tax rate5.95%
Other income / net worth3.73%
Growth
Sales growth (latest year)37.88%
Profit growth (latest year)-8.19%
Sales CAGR, 3 years41.32%
Sales CAGR, 5 years45.05%
Profit CAGR, 3 years34.26%
Sales growth QoQ6.67%
Profit growth QoQ-18.26%
Sales growth YoY (latest quarter)-24.00%
Profit growth YoY (latest quarter)-67.88%
Per share
EPS (TTM)Rs 8.17
EPS (latest year)Rs 12.47
EPS (latest quarter)Rs 2.03
EPS, 3-year averageRs 13.30
EPS, 5-year averageRs 13.12
Book value per shareRs 106.92
Sales per shareRs 495.18
Cash flow per shareRs 19.49
Free cash flow per shareRs 16.07
Dividend per share (latest year)Rs 2.25
Dividend per share, 3-year averageRs 1.62
Dividend per share, 5-year averageRs 1.62
Dividends
Dividend payout18.04%
Dividend payout, 3-year average12.69%
Dividend payout, 5-year average12.69%
Efficiency
Asset turnover2.21x
Fixed asset turnover44.94x
Inventory turnover33.55x
Inventory days11 days
Debtor days67 days
Debtors turnover5.45x
Creditor days75 days
Cash conversion cycle3 days
Working capital days-3 days
Leverage
Total debtRs 64 Cr
Cash and bankRs 259 Cr
Net debtRs -195 Cr
Debt to equity0.08x
Net debt / EBITDA-1.98x
Interest coverage9.29x
Owners' fund to total sources44.08%
Debt to assets3.63%
Cash flow
Cash from Operating Activity (latest year)Rs 141 Cr
Cash from Investing Activity (latest year)Rs -35 Cr
Cash from Financing Activity (latest year)Rs -33 Cr
Net Cash Flow (latest year)Rs 73 Cr
Free cash flow (latest year)Rs 116 Cr
FCFE (approx.: FCF + change in debt)Rs 109 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow27.52x
Statement figures
Net sales (TTM)Rs 3,573 Cr
Net sales (latest year)Rs 3,871 Cr
Sales (latest quarter)Rs 943 Cr
Operating profit excl. other income (latest year)Rs 92 Cr
Operating profit (latest quarter)Rs 18 Cr
Other income (TTM)Rs 32 Cr
EBITDA (TTM)Rs 98 Cr
PBDT (TTM)Rs 90 Cr
Profit before tax (TTM)Rs 72 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 59 Cr
Net profit (latest year)Rs 90 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 3,543 Cr
Total expenditure (latest year)Rs 3,780 Cr
Total income (latest year)Rs 3,900 Cr
Share capitalRs 14 Cr
ReservesRs 757 Cr
Shareholders' fundsRs 772 Cr
Total assetsRs 1,750 Cr
Net blockRs 86 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 389 Cr
ReceivablesRs 710 Cr
InventoryRs 106 Cr
Other liabilitiesRs 915 Cr
Shares outstanding (crore)7.22
Ownership
Promoter holding69.30% (-0.23 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.0 is at the 48th percentile of its own 5.4-year range
(median 14.3, low 8.0, high 116.0).
P/B 1.07 is at the 65th percentile (median 0.64).
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 | MAFATIND | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.5% | -2.8% | -1.8 pts |
| 1 month | -6.1% | -6.8% | +0.7 pts |
| 3 months | -19.3% | -7.6% | -11.7 pts |
| 3 years | -19.1% | +14.2% | -33.2 pts |
| 5 years | +216.3% | +27.9% | +188.4 pts |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
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 ₹943 Cr -24.0% vs Jun 2025.
Net profit ₹15 Cr -67.4%.
Against our estimate for Jun 2026: sales -44.7%, profit -57.9% big miss. Our estimate for Sep 2026: sales Rs 1,403 Cr, profit Rs 25 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| K P R Mill Ltd | 36,967 | 40.5 | 19.6 % |
| Welspun Living Ltd | 21,277 | 76.5 | 6.26 % |
| Vardhman Textiles Ltd | 15,335 | 18.1 | 8.55 % |
| Trident Ltd | 11,461 | 29.0 | 9.79 % |
| Indo Count Industries Ltd | 8,614 | 57.1 | 8.19 % |
| Garware Technical Fibres Ltd | 7,361 | 33.4 | 22.0 % |
| Kusumgar Ltd | 6,378 | 50.7 | 18.8 % |
| Filatex India Ltd | 4,973 | 25.9 | 19.1 % |
| Jindal Worldwide Ltd | 4,719 | 55.7 | 8.63 % |
| Sanathan Textiles Ltd | 4,352 | 71.6 | 6.89 % |
| Raymond Lifestyle Ltd | 4,026 | 27.0 | 3.52 % |
| Alok Industries Ltd | 3,501 | -3.95 % | |
| Nitin Spinners Ltd | 3,403 | 16.1 | 12.2 % |
| Sangam (India) Ltd | 3,248 | 25.8 | 10.7 % |
| Ganesha Ecosphere Ltd | 2,703 | 47.8 | 5.58 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-31 | Dividend - Rs 1.25 Per Share |
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 Mafatlal Industries Ltd?
Mafatlal Industries Ltd (MAFATIND) has a market capitalisation of Rs 829 Cr. at the 2026-10-01 close.
What is the P/E ratio of Mafatlal Industries Ltd?
Mafatlal Industries Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Mafatlal Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Mafatlal Industries Ltd sales was Rs 943 Cr (-24.0% vs Jun 2025) and net profit was Rs 15 Cr.
What is the 52-week high and low of Mafatlal Industries Ltd?
The 52-week high is Rs 157.77 and the 52-week low is Rs 113.40.