Price
Financials
Standalone, Rs crore| Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.72 | 13.04 | 18.01 | 17.25 | 24.88 | 21.57 | 29.18 | 28.38 | 36.86 |
| Expenses | 10.92 | 11.65 | 16.71 | 15.23 | 21.60 | 18.11 | 26.79 | 25.04 | 32.54 |
| Operating Profit | 0.80 | 1.39 | 1.30 | 2.02 | 3.28 | 3.46 | 2.39 | 3.34 | 4.32 |
| OPM % | 6.83% | 10.66% | 7.22% | 11.71% | 13.18% | 16.04% | 8.19% | 11.77% | 11.72% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.27 | 0.14 | 0.01 | 0.68 | 0.05 | 0.08 |
| Interest | 0.20 | 0.28 | 0.50 | 0.45 | 1.06 | 1.00 | 1.00 | 0.75 | 1.03 |
| Depreciation | 0.17 | 0.21 | 0.17 | 0.38 | 0.69 | 0.88 | 0.97 | 0.95 | 0.90 |
| Profit before tax | 0.43 | 0.90 | 0.64 | 1.46 | 1.67 | 1.59 | 1.10 | 1.69 | 2.47 |
| Tax % | 25.58% | 26.67% | 25.00% | 25.34% | 30.54% | 21.38% | 8.18% | 26.04% | 27.13% |
| Net Profit | 0.32 | 0.67 | 0.47 | 1.09 | 1.16 | 1.26 | 1.02 | 1.25 | 1.80 |
| EPS in Rs | 2.13 | 3.57 | 0.75 | 1.73 | 1.84 | 2.00 | 1.39 | 1.71 | 2.46 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 6.98 | 8.97 | 8.97 | 19.22 | 30.98 | 41.81 | 50.58 | 64.98 |
| Expenses | 6.43 | 8.23 | 8.06 | 17.79 | 28.29 | 36.51 | 44.73 | 57.33 |
| Operating Profit | 0.55 | 0.74 | 0.91 | 1.43 | 2.69 | 5.30 | 5.85 | 7.65 |
| OPM % | 7.88% | 8.25% | 10.14% | 7.44% | 8.68% | 12.68% | 11.57% | 11.77% |
| Other Income | 0.04 | 0.00 | 0.02 | 0.01 | 0.00 | 0.42 | 0.69 | 0.13 |
| Interest | 0.25 | 0.32 | 0.40 | 0.43 | 0.78 | 1.52 | 2.00 | 1.77 |
| Depreciation | 0.21 | 0.30 | 0.28 | 0.32 | 0.38 | 1.07 | 1.85 | 1.85 |
| Profit before tax | 0.13 | 0.12 | 0.25 | 0.69 | 1.53 | 3.13 | 2.69 | 4.16 |
| Tax % | 23.08% | 25.00% | 28.00% | 27.54% | 26.14% | 28.43% | 15.24% | 26.68% |
| Net Profit | 0.09 | 0.09 | 0.19 | 0.50 | 1.14 | 2.24 | 2.27 | 3.04 |
| EPS in Rs | 1.80 | 0.89 | 1.27 | 3.33 | 1.81 | 3.55 | 3.10 | 4.15 |
| Dividend Payout % | 0.00% | 0.00% | 7.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 49% | 28% | 28% | ||
| Compounded Profit Growth | % | 74% | 39% | 34% | ||
| Stock Price CAGR | % | % | -31% | -42% | ||
| Return on Equity | % | 11% | 10% | 9% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 1.01 | 1.50 | 1.50 | 6.30 | 6.30 | 7.33 | 7.34 |
| Reserves | 0.11 | 0.20 | 0.28 | 0.90 | 7.07 | 9.35 | 25.85 | 28.91 |
| Borrowings | 2.78 | 3.22 | 3.47 | 7.40 | 8.47 | 15.96 | 19.64 | 18.17 |
| Other Liabilities | 5.65 | 3.35 | 3.07 | 4.65 | 8.47 | 14.01 | 18.08 | 22.30 |
| Total Liabilities | 9.04 | 7.78 | 8.32 | 14.45 | 30.31 | 45.62 | 70.90 | 76.72 |
| Fixed Assets | 1.49 | 0.00 | 1.29 | 1.34 | 1.13 | 9.78 | 14.99 | 15.27 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.17 | 5.69 | 5.43 | 0.42 | 0.07 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 7.55 | 7.78 | 7.03 | 11.94 | 23.49 | 30.41 | 55.49 | 61.38 |
| Total Assets | 9.04 | 7.78 | 8.32 | 14.45 | 30.31 | 45.62 | 70.90 | 76.72 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.03 | -0.04 | -0.02 | -1.97 | -5.26 | 3.93 | -14.12 | 4.09 |
| Cash from Investing Activity | -0.60 | -0.11 | -0.29 | -1.49 | -4.68 | -9.47 | -2.04 | -1.79 |
| Cash from Financing Activity | 0.66 | 0.13 | 0.34 | 3.50 | 10.12 | 5.97 | 16.85 | -3.23 |
| Net Cash Flow | 0.03 | -0.02 | 0.03 | 0.03 | 0.19 | 0.42 | 0.70 | -0.92 |
| Free Cash Flow | -0.67 | -0.15 | -0.32 | -3.46 | -9.94 | -5.55 | -16.19 | 2.30 |
| CFO/OP | 0% | -1% | 2% | -132% | -188% | 81% | -221% | 56% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 322.64 | 128.18 | 146.90 | 97.99 | 121.00 | 148.76 | 163.02 | 165.59 |
| Inventory Days | 83.45 | 118.22 | 225.55 | 161.11 | 150.31 | 198.62 | 493.94 | 326.77 |
| Days Payable | 499.81 | 263.18 | 238.65 | 145.48 | 160.39 | 212.44 | 282.28 | 203.80 |
| Cash Conversion Cycle | -93.71 | -16.79 | 133.79 | 113.62 | 110.92 | 134.94 | 374.68 | 288.57 |
| Working Capital Days | 20.39 | 118.82 | 74.06 | 34.18 | 92.96 | 41.38 | 157.17 | 136.50 |
| ROCE % | 11.25% | 13.43% | 14.88% | 14.60% | 17.32% | 11.11% | 11.06% |
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 66.65% | 66.65% | 66.65% | 66.65% | 57.32% | 57.32% | 57.41% |
| FIIs | 0.00% | 0.00% | 0.00% | 1.51% | 4.12% | 1.73% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 2.62% | 3.48% | 3.48% |
| Public | 33.35% | 33.35% | 33.35% | 31.85% | 35.94% | 37.47% | 39.11% |
| No. of Shareholders | 382 | 295 | 413 | 486 | 638 | 684 | 636 |
Fundamentals
Market Cap₹ 30.0 Cr.
Current Price₹ 41.0
Stock P/E9.88
Book Value₹ 49.5
ROCE11.1 %
ROE8.76 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)34%
Standalone figures.
Valuation
Market capRs 25 Cr
Enterprise valueRs 41 Cr
P/E (TTM)11.33x
Price to book1.62x
Price to sales0.61x
EV / EBITDA7.10x
EV / EBIT8.74x
EV / sales0.97x
Price to cash flow6.46x
Earnings yield8.83%
P/E, 3-year average30.78x
P/B, 3-year average3.57x
P/E, 5-year average30.78x
P/B, 5-year average3.57x
Profitability
Operating margin (excl. other income)12.68%
Operating margin (incl. other income)13.68%
EBITDA margin13.68%
Pre-tax margin7.49%
Net profit margin5.36%
ROE15.44%
ROCE17.40%
ROA5.90%
ROE, 3-year average17.94%
ROCE, 3-year average15.63%
ROA, 3-year average5.13%
ROE, 5-year average15.28%
ROCE, 5-year average14.31%
ROA, 5-year average3.76%
ROIC (approx.)10.77%
Tax rate28.43%
Other income / net worth2.68%
Growth
Sales growth (latest year)34.96%
Profit growth (latest year)96.49%
Sales CAGR, 3 years67.04%
Sales CAGR, 5 years43.05%
Profit CAGR, 3 years127.60%
Profit CAGR, 5 years90.20%
Per share
EPS (TTM)Rs 3.55
EPS (latest year)Rs 3.55
EPS, 3-year averageRs 2.90
EPS, 5-year averageRs 2.17
Book value per shareRs 24.83
Sales per shareRs 66.33
Cash flow per shareRs 6.23
Free cash flow per shareRs 3.65
Dividend per share, 5-year averageRs 0.13
Dividends
Dividend payout, 5-year average10.53%
Efficiency
Asset turnover0.92x
Fixed asset turnover4.28x
Inventory turnover2.05x
Inventory days178 days
Debtor days149 days
Debtors turnover2.45x
Creditor days204 days
Cash conversion cycle289 days
Working capital days136 days
Leverage
Total debtRs 16 Cr
Cash and bankRs 1 Cr
Net debtRs 15 Cr
Debt to equity1.02x
Net debt / EBITDA2.67x
Interest coverage3.06x
Owners' fund to total sources34.31%
Debt to assets34.98%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -9 Cr
Cash from Financing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years-1.45x
Sales to cash flow10.64x
Statement figures
Net sales (TTM)Rs 42 Cr
Net sales (latest year)Rs 42 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 37 Cr
Total income (latest year)Rs 42 Cr
Share capitalRs 6 Cr
ReservesRs 9 Cr
Shareholders' fundsRs 16 Cr
Total assetsRs 46 Cr
Net blockRs 10 Cr
Capital work in progressRs 5 Cr
ReceivablesRs 17 Cr
InventoryRs 11 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)0.63
Ownership
Promoter holding57.41% (-9.24 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.3 is the lowest in its own 2.7-year history
(median 50.6, low 11.3, high 384.5).
P/B 1.62 is the lowest in 3.7 years (median 36.51).
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 | MCON | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.8% | -2.8% | +1.0 pts |
| 1 month | -8.1% | -6.8% | -1.3 pts |
| 3 months | -23.7% | -7.6% | -16.1 pts |
| 6 months | -8.4% | +0.4% | -8.8 pts |
| 1 year | -49.1% | -9.9% | -39.1 pts |
| 2 years | -77.6% | -13.6% | -64.1 pts |
| 3 years | -67.2% | +14.2% | -81.4 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -85% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 66% vs sales +35% in 2026 |
| explain | Share dilution Share count up 0% in a year, 320% in three |
| look | Inventory outrunning sales Inventory grew 71% vs sales +35% 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 ₹37 Cr +48.2% vs Mar 2024.
Net profit ₹2 Cr +55.2%.
Against our estimate for Mar 2026: sales +1.5%, profit +9.4% beat.
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.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of MCON Rasayan India Ltd?
MCON Rasayan India Ltd (MCON) has a market capitalisation of Rs 30.0 Cr. at the 2026-10-01 close.
What is the P/E ratio of MCON Rasayan India Ltd?
MCON Rasayan India Ltd trades at a P/E of 9.88 on trailing twelve-month profit, at the 2026-10-01 close.
What were MCON Rasayan India Ltd's latest quarterly results?
In the Mar 2026 quarter, MCON Rasayan India Ltd sales was Rs 37 Cr (+48.2% vs Mar 2024) and net profit was Rs 2 Cr.
What is the 52-week high and low of MCON Rasayan India Ltd?
The 52-week high is Rs 79.95 and the 52-week low is Rs 37.30.