Mahan Industries Ltd
₹ 9.14
4.94%
15 Dec
- close price
About
IIncorporated in 1995, Mahan Industries Ltd provides financing and investment services[1]
Key Points
- Market Cap ₹ 4.11 Cr.
- Current Price ₹ 9.14
- High / Low ₹ 9.14 / 3.67
- Stock P/E
- Book Value ₹ 11.7
- Dividend Yield 0.00 %
- ROCE -0.26 %
- ROE -1.22 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.78 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 1.16%
- Company has a low return on equity of -1.17% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 382 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.74 | 1.33 | 0.19 | 0.16 | 0.02 | 0.46 | 0.69 | 0.33 | 0.72 | 1.17 | 0.71 | 2.17 | 3.32 | |
| 2.73 | 1.56 | 0.49 | 0.87 | 0.35 | 4.09 | 1.65 | 3.54 | 0.88 | 1.16 | 0.73 | 2.19 | 3.47 | |
| Operating Profit | -1.99 | -0.23 | -0.30 | -0.71 | -0.33 | -3.63 | -0.96 | -3.21 | -0.16 | 0.01 | -0.02 | -0.02 | -0.15 |
| OPM % | -268.92% | -17.29% | -157.89% | -443.75% | -1,650.00% | -789.13% | -139.13% | -972.73% | -22.22% | 0.85% | -2.82% | -0.92% | -4.52% |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | -0.09 | 0.08 | |
| Interest | 0.65 | 0.55 | 0.50 | 0.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.05 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -2.64 | -0.78 | -0.80 | -1.18 | -0.33 | -3.63 | -0.89 | -3.21 | -0.16 | -0.02 | -0.05 | -0.14 | -0.12 |
| 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% | |
| -2.64 | -0.78 | -0.80 | -1.18 | -0.33 | -3.63 | -0.89 | -3.22 | -0.16 | -0.02 | -0.05 | -0.14 | -0.10 | |
| EPS in Rs | -0.73 | -0.22 | -0.22 | -0.33 | -0.09 | -1.01 | -0.25 | -0.89 | -0.04 | -0.01 | -0.01 | -0.31 | -0.23 |
| 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% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 26% |
| 3 Years: | 44% |
| TTM: | 213% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 14% |
| 3 Years: | 19% |
| TTM: | -129% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 102% |
| 3 Years: | 175% |
| 1 Year: | 273% |
| Return on Equity | |
|---|---|
| 10 Years: | -14% |
| 5 Years: | -19% |
| 3 Years: | -1% |
| Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 4.50 | 4.50 |
| Reserves | -21.23 | -22.01 | -22.82 | -24.65 | -24.98 | -28.61 | -29.50 | -32.72 | -32.88 | -32.90 | -32.95 | 0.66 | 0.77 |
| 11.21 | 4.35 | 4.34 | 3.06 | 3.21 | 0.00 | 0.00 | 0.00 | 0.00 | 3.48 | 3.47 | 3.47 | 3.47 | |
| 1.24 | 0.03 | 0.49 | 0.53 | 0.51 | 3.44 | 2.83 | 2.82 | 3.42 | 0.08 | 0.06 | 0.11 | 0.54 | |
| Total Liabilities | 27.22 | 18.37 | 18.01 | 14.94 | 14.74 | 10.83 | 9.33 | 6.10 | 6.54 | 6.66 | 6.58 | 8.74 | 9.28 |
| 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | |
| 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 | 0.00 |
| Investments | 6.72 | 10.81 | 10.27 | 7.46 | 7.42 | 4.10 | 3.28 | 1.42 | 0.00 | 0.00 | 0.00 | 0.32 | 0.44 |
| 20.42 | 7.49 | 7.67 | 7.41 | 7.25 | 6.66 | 5.98 | 4.62 | 6.48 | 6.60 | 6.52 | 8.36 | 8.78 | |
| Total Assets | 27.22 | 18.37 | 18.01 | 14.94 | 14.74 | 10.83 | 9.33 | 6.10 | 6.54 | 6.66 | 6.58 | 8.74 | 9.28 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -10.55 | 11.96 | -0.62 | -0.81 | -0.13 | -0.85 | 0.09 | -1.82 | -0.65 | -0.07 | 0.03 | -1.93 | |
| 12.73 | -5.08 | 0.57 | 2.10 | -0.02 | 0.69 | 0.51 | -0.01 | -0.01 | -0.01 | -0.01 | -0.33 | |
| -2.19 | -6.86 | 0.02 | -1.28 | 0.15 | 0.18 | -0.60 | 0.01 | 0.61 | 0.08 | 0.00 | 2.25 | |
| Net Cash Flow | -0.01 | 0.02 | -0.03 | 0.00 | -0.01 | 0.01 | 0.00 | -1.82 | -0.04 | 0.00 | 0.02 | -0.02 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6,826.49 | 318.35 | 2,228.42 | 2,532.19 | 19,892.50 | 968.04 | 666.52 | 4,877.73 | 2,463.75 | 723.76 | 1,166.97 | 381.82 |
| Inventory Days | 817.16 | 62.13 | 1,251.43 | 1,338.33 | 160.00 | 24.33 | 94.19 | 79.64 | 57.17 | 193.24 | 60.14 | |
| Days Payable | 659.18 | 2.59 | 1,095.00 | 1,046.33 | 15.00 | 6.08 | 11.77 | 0.00 | 21.99 | 53.68 | 14.52 | |
| Cash Conversion Cycle | 6,984.47 | 377.88 | 2,384.85 | 2,532.19 | 20,184.50 | 1,113.04 | 684.77 | 4,960.15 | 2,543.39 | 758.94 | 1,306.53 | 427.45 |
| Working Capital Days | 1,484.66 | -790.38 | -5,916.84 | -3,809.69 | -35,952.50 | -1,412.39 | -772.32 | 1,935.61 | 836.46 | 767.44 | 1,274.93 | 430.60 |
| ROCE % | -7.01% | -1.04% | -1.67% | -4.45% | -2.30% | -33.58% | -12.81% | -65.64% | -5.00% | 0.21% | -0.31% | -0.26% |
Documents
Announcements
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Board Meeting Intimation for The Proposal For Shifting Of The Registered Office Of The Company Within The Local Limits Of Ahmedabad City And Any Other Item With The Permission Of The Chair And Majority Of Directors
11h - Board meeting on Dec 23, 2025 to consider shifting registered office within Ahmedabad.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1d - Dec 15-17, 2025 postal ballot: increase authorised capital approved; two executive directors (Nishil Shah, Niranjan Jain) appointed.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Nov
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 14 Nov
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper Advertisement for publication of Financial Results for September 2025 Quarter
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2009
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Financial Year 2008
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Business Overview:[1]
MIL is a Non-Systematically Important Non-Deposit Taking Non-Banking Financial Company.
It is mainly engaged in the business of financing and investment and is planning to expand and diversify its operational activities in the coming years.