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 | 34 | 53 | 42 | 60 | 54 | 49 | 37 | 35 | 45 | 43 | 49 | 57 |
| Expenses | 33 | 52 | 41 | 60 | 53 | 47 | 36 | 36 | 42 | 43 | 48 | 51 |
| Operating Profit | 1 | 1 | 2 | 0 | 0 | 2 | 2 | -1 | 2 | 0 | 1 | 6 |
| OPM % | 2.9% | 2.1% | 3.6% | 0.3% | 0.9% | 3.7% | 4.1% | -2.5% | 5% | 0.4% | 3.0% | 11% |
| Other Income | 1 | 2 | 1 | 3 | 2 | 1 | 0 | 2 | 0 | 2 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 1 | 6 |
| Tax % | 29% | 29% | 28% | 28% | 29% | 27% | 29% | 28% | 25% | 31% | 32% | 24% |
| Net Profit | 1 | 2 | 2 | 2 | 2 | 2 | 0 | 1 | 1 | 1 | 1 | 4 |
| EPS in Rs | 1.29 | 2.54 | 2.06 | 2.07 | 1.96 | 2.09 | 0.60 | 0.71 | 1.66 | 1.47 | 1.12 | 4.35 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 80 | 94 | 86 | 102 | 103 | 72 | 90 | 106 |
| Expenses | 19 | 79 | 94 | 84 | 101 | 101 | 71 | 86 | 99 |
| Operating Profit | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 4 | 8 |
| OPM % | 3.9% | 1.3% | 0.6% | 2.4% | 1.7% | 2.4% | 0.9% | 5.0% | 7% |
| Other Income | 0 | 2 | 4 | 3 | 4 | 4 | 2 | 1 | 1 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 4 | 4 | 5 | 5 | 2 | 4 | 7 |
| Tax % | 21% | 30% | 28% | 30% | 28% | 28% | 29% | 28% | 25% |
| Net Profit | 1 | 2 | 3 | 3 | 3 | 3 | 1 | 3 | 5 |
| EPS in Rs | 1.44 | 2.82 | 3.68 | 3.83 | 4.12 | 4.04 | 1.32 | 3.11 | 5.28 |
| Dividend Payout % | -0% | -0% | 8% | 5% | 16% | 16% | 23% | 6% | 3% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 4% | 1% | 18% | ||
| Compounded Profit Growth | % | 11% | 15% | 104% | ||
| Stock Price CAGR | % | 27% | 48% | 87% | ||
| Return on Equity | % | 9% | 7% | 10% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 10 |
| Reserves | 3 | 8 | 16 | 19 | 22 | 24 | 25 | 28 | 57 |
| Borrowings | 6 | 5 | 6 | 11 | 10 | 10 | 13 | 15 | 16 |
| Other Liabilities | 20 | 23 | 21 | 20 | 25 | 21 | 14 | 17 | 14 |
| Total Liabilities | 35 | 43 | 50 | 58 | 65 | 63 | 61 | 68 | 97 |
| Fixed Assets | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 |
| CWIP | -0 | -0 | 2 | 3 | 3 | 0 | 1 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 |
| Other Assets | 34 | 42 | 47 | 54 | 61 | 59 | 55 | 63 | 92 |
| Total Assets | 35 | 43 | 50 | 58 | 65 | 63 | 61 | 68 | 97 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -11 | -4 | -3 | -2 | 3 | 2 | -1 | -0 | -8 |
| Cash from Investing Activity | -1 | -0 | -2 | -1 | -1 | -1 | -1 | -0 | -7 |
| Cash from Financing Activity | 13 | 3 | 6 | 3 | -2 | -1 | 2 | 0 | 25 |
| Net Cash Flow | 1 | -1 | 0 | -0 | -0 | -0 | -0 | 0 | 9 |
| Free Cash Flow | -12 | -4 | -6 | -3 | 2 | 1 | -2 | -0 | -8 |
| CFO/OP | -1,417% | -328% | -397% | -59% | 259% | 149% | -75% | 12% | -84% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 313 | 108 | 106 | 143 | 136 | 130 | 119 | 104 | 115 |
| Inventory Days | 212 | 42 | 49 | 71 | 72 | 78 | 143 | 150 | 145 |
| Days Payable | 416 | 111 | 83 | 89 | 98 | 77 | 72 | 73 | 51 |
| Cash Conversion Cycle | 109 | 39 | 72 | 125 | 110 | 132 | 190 | 180 | 210 |
| Working Capital Days | 116 | 66 | 82 | 101 | 93 | 100 | 140 | 119 | 152 |
| ROCE % | 20% | 20% | 15% | 14% | 14% | 6% | 10% | 13% |
| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 47.05% | 49.82% | 50.61% | 51.33% | 52.18% | 53.05% | 53.84% | 54.95% | 51.81% | 48.57% | 48.27% | 40.10% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.00% | 0.00% |
| DIIs | 2.88% | 2.88% | 2.88% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 50.08% | 47.30% | 46.51% | 48.08% | 47.23% | 46.36% | 45.57% | 44.46% | 47.60% | 50.84% | 51.73% | 59.90% |
| No. of Shareholders | 341 | 309 | 327 | 305 | 312 | 291 | 303 | 309 | 351 | 374 | 355 | 485 |
Fundamentals
Market Cap₹ 288 Cr.
Current Price₹ 295
Stock P/E55.9
Book Value₹ 68.4
ROCE12.7 %
ROE10.1 %
Dividend Yield0.05 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)104%
Standalone figures.
Valuation
Market capRs 235 Cr
Enterprise valueRs 250 Cr
P/E (TTM)92.78x
Price to book6.58x
Price to sales2.61x
EV / EBITDA48.82x
EV / EBIT51.86x
EV / sales2.78x
Earnings yield1.08%
Dividend yield0.07%
P/E, 3-year average52.52x
P/B, 3-year average2.76x
P/E, 5-year average39.83x
P/B, 5-year average2.61x
Profitability
Operating margin (excl. other income)4.96%
Operating margin (incl. other income)5.69%
EBITDA margin5.69%
Pre-tax margin3.92%
Net profit margin2.81%
ROE7.33%
ROCE9.86%
ROA3.92%
ROE, 3-year average7.04%
ROCE, 3-year average9.72%
ROA, 3-year average3.58%
ROE, 5-year average9.03%
ROCE, 5-year average11.61%
ROA, 5-year average4.39%
ROIC (approx.)6.78%
Tax rate28.33%
Other income / net worth1.85%
Growth
Sales growth (latest year)25.11%
Profit growth (latest year)136.45%
Sales CAGR, 3 years-4.18%
Sales CAGR, 5 years-0.93%
Profit CAGR, 3 years-8.93%
Profit CAGR, 5 years-3.29%
Per share
EPS (TTM)Rs 3.11
EPS (latest year)Rs 3.11
EPS, 3-year averageRs 2.82
EPS, 5-year averageRs 3.28
Book value per shareRs 43.94
Sales per shareRs 110.78
Cash flow per shareRs -0.23
Free cash flow per shareRs -9.85
Dividend per share (latest year)Rs 0.20
Dividend per share, 3-year averageRs 0.38
Dividend per share, 5-year averageRs 0.40
Dividends
Dividend payout6.32%
Dividend payout, 3-year average14.97%
Dividend payout, 5-year average13.18%
Efficiency
Asset turnover1.32x
Fixed asset turnover17.47x
Inventory turnover2.49x
Inventory days147 days
Debtor days104 days
Debtors turnover3.52x
Creditor days51 days
Cash conversion cycle210 days
Working capital days152 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 0 Cr
Net debtRs 15 Cr
Debt to equity0.43x
Net debt / EBITDA2.97x
Interest coverage3.74x
Owners' fund to total sources52.28%
Debt to assets22.41%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing 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 -8 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-0.27x
Statement figures
Net sales (TTM)Rs 90 Cr
Net sales (latest year)Rs 90 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 79 Cr
Total expenditure (latest year)Rs 86 Cr
Total income (latest year)Rs 91 Cr
Share capitalRs 8 Cr
ReservesRs 28 Cr
Shareholders' fundsRs 36 Cr
Total assetsRs 68 Cr
Net blockRs 5 Cr
InvestmentsRs 0 Cr
ReceivablesRs 26 Cr
InventoryRs 32 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)0.81
Ownership
Promoter holding40.10% (-14.85 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 92.8 is at the 82th percentile of its own 7.4-year range
(median 29.5, low 18.1, high 182.2).
P/B 6.58 is at the 88th percentile (median 3.13).
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 | MAHICKRA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.7% | -2.8% | +0.1 pts |
| 1 month | +12.2% | -6.8% | +19.0 pts |
| 3 months | +21.4% | -7.6% | +29.0 pts |
| 6 months | +60.3% | +0.4% | +59.9 pts |
| 1 year | +110.9% | -9.9% | +120.9 pts |
| 2 years | +136.9% | -13.6% | +150.4 pts |
| 3 years | +217.6% | +14.2% | +203.4 pts |
| 5 years | +222.0% | +27.9% | +194.1 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 12% of net profit over the last 3 years |
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 ₹57 Cr +62.9% vs Mar 2024.
Net profit ₹4 Cr +300.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Sudarshan Chemical Industries Ltd | 9,532 | 93.9 | 5.46 % |
| Kiri Industries Ltd | 3,541 | 4.40 | 3.40 % |
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| Bhageria Industries Ltd | 1,644 | 22.1 | 11.0 % |
| Shree Pushkar Chemicals & Fertilizers Ltd | 1,555 | 21.6 | 12.9 % |
| Ultramarine & Pigments Ltd | 1,224 | 15.0 | 10.1 % |
| Sudarshan Colorants India Ltd | 874 | 16.9 | 11.4 % |
| Asahi Songwon Colors Ltd | 452 | 13.0 | 8.50 % |
| Ushanti Colour Chem Ltd | 307 | -1.15 % | |
| AksharChem (India) Ltd | 295 | 23.8 | 0.19 % |
| Poddar Pigments Ltd | 268 | 17.6 | 7.25 % |
| Ducol Organics & Colours Ltd | 217 | 29.9 | 10.5 % |
| Hindprakash Industries Ltd | 132 | 37.7 | 5.48 % |
| Paragon Fine and Speciality Chemical Ltd | 94 | 10.4 | 12.8 % |
| Unilex Colour & Chemical Ltd | 42 | 5.12 | % |
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.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Mahickra Chemicals Ltd?
Mahickra Chemicals Ltd (MAHICKRA) has a market capitalisation of Rs 288 Cr. at the 2026-10-01 close.
What is the P/E ratio of Mahickra Chemicals Ltd?
Mahickra Chemicals Ltd trades at a P/E of 55.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Mahickra Chemicals Ltd's latest quarterly results?
In the Mar 2026 quarter, Mahickra Chemicals Ltd sales was Rs 57 Cr (+62.9% vs Mar 2024) and net profit was Rs 4 Cr.
What is the 52-week high and low of Mahickra Chemicals Ltd?
The 52-week high is Rs 314.50 and the 52-week low is Rs 131.00.