Mahaveer Infoway Ltd
₹ 8.85
4.36%
12 Aug
12:03 p.m.
About
Incorporated in 1991, Mahaveer Infoway Ltd is engaged in carrying activities of mobile handset manufacturing and trading under the brand name ‘ZINK’. Company also does staffing and software development services.
Key Points
- Market Cap ₹ 4.87 Cr.
- Current Price ₹ 8.85
- High / Low ₹ 11.2 / 6.44
- Stock P/E 32.5
- Book Value ₹ 7.50
- Dividend Yield 0.00 %
- ROCE 5.35 %
- ROE 2.01 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.18 times its book value
Cons
- The company has delivered a poor sales growth of 4.41% over past five years.
- Company has a low return on equity of 0.95% over last 3 years.
- Debtor days have increased from 75.7 to 103 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 216 days to 322 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72.19 | 55.96 | 25.81 | 11.04 | 2.28 | 1.68 | 2.20 | 1.24 | 3.04 | 4.11 | 5.41 | 2.73 | 2.66 | |
| 77.04 | 61.21 | 29.74 | 14.39 | 2.43 | 2.29 | 2.35 | 1.26 | 2.58 | 3.57 | 5.85 | 2.59 | 2.45 | |
| Operating Profit | -4.85 | -5.25 | -3.93 | -3.35 | -0.15 | -0.61 | -0.15 | -0.02 | 0.46 | 0.54 | -0.44 | 0.14 | 0.21 |
| OPM % | -6.72% | -9.38% | -15.23% | -30.34% | -6.58% | -36.31% | -6.82% | -1.61% | 15.13% | 13.14% | -8.13% | 5.13% | 7.89% |
| 5.79 | 6.31 | 4.67 | 3.63 | 0.18 | 0.42 | 0.00 | -0.14 | 0.00 | -0.55 | 0.29 | 0.28 | 0.28 | |
| Interest | 0.57 | 0.69 | 0.61 | 0.64 | 0.49 | 0.36 | 0.32 | 0.23 | 0.16 | 0.16 | 0.13 | 0.13 | 0.12 |
| Depreciation | 0.09 | 0.09 | 0.08 | 0.06 | 0.10 | 0.09 | 0.09 | 0.07 | 0.07 | 0.06 | 0.11 | 0.12 | 0.12 |
| Profit before tax | 0.28 | 0.28 | 0.05 | -0.42 | -0.56 | -0.64 | -0.56 | -0.46 | 0.23 | -0.23 | -0.39 | 0.17 | 0.25 |
| Tax % | 35.71% | 39.29% | -20.00% | 2.38% | 1.79% | 1.56% | -12.50% | 2.17% | 13.04% | 34.78% | 2.56% | 58.82% | |
| 0.19 | 0.17 | 0.06 | -0.42 | -0.57 | -0.65 | -0.48 | -0.47 | 0.21 | -0.31 | -0.39 | 0.08 | 0.15 | |
| EPS in Rs | 0.34 | 0.31 | 0.11 | -0.76 | -1.03 | -1.18 | -0.87 | -0.85 | 0.38 | -0.56 | -0.71 | 0.15 | 0.27 |
| 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: | -26% |
| 5 Years: | 4% |
| 3 Years: | -4% |
| TTM: | -43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 17% |
| 3 Years: | -28% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 10% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | 0% |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 |
| Reserves | 1.29 | 1.46 | 1.52 | 1.10 | 0.54 | -0.11 | -0.59 | -1.06 | -0.85 | -1.17 | -1.56 | -1.48 |
| 5.44 | 5.80 | 5.87 | 5.52 | 4.00 | 3.36 | 3.63 | 2.93 | 1.98 | 1.35 | 1.72 | 1.51 | |
| 8.03 | 2.65 | 0.56 | 2.26 | 0.76 | 0.97 | 0.27 | 0.36 | 1.59 | 2.99 | 1.78 | 1.76 | |
| Total Liabilities | 20.27 | 15.42 | 13.46 | 14.39 | 10.81 | 9.73 | 8.82 | 7.74 | 8.23 | 8.68 | 7.45 | 7.30 |
| 0.61 | 0.35 | 0.31 | 0.25 | 1.30 | 1.36 | 1.33 | 1.34 | 1.29 | 1.20 | 1.28 | 1.16 | |
| CWIP | 0.37 | 1.42 | 1.14 | 1.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.83 | 1.75 | 2.03 | 2.03 | 2.39 | 1.78 | 1.78 | 1.07 | 1.07 | 0.58 | 0.32 | 0.32 |
| 17.46 | 11.90 | 9.98 | 10.97 | 7.12 | 6.59 | 5.71 | 5.33 | 5.87 | 6.90 | 5.85 | 5.82 | |
| Total Assets | 20.27 | 15.42 | 13.46 | 14.39 | 10.81 | 9.73 | 8.82 | 7.74 | 8.23 | 8.68 | 7.45 | 7.30 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.58 | 1.36 | 0.77 | 0.25 | 1.95 | 0.00 | 0.31 | -0.44 | 1.12 | 0.70 | -0.28 | -0.10 | |
| 0.05 | -0.77 | 0.00 | 0.12 | -0.36 | 0.55 | 0.00 | 0.72 | -0.02 | 0.50 | 0.34 | 0.28 | |
| -0.18 | -0.24 | -0.53 | -0.95 | -1.99 | -0.58 | -0.29 | -0.28 | -1.09 | -0.74 | -0.57 | -0.13 | |
| Net Cash Flow | -0.71 | 0.36 | 0.24 | -0.58 | -0.40 | -0.03 | 0.02 | 0.00 | 0.01 | 0.46 | -0.51 | 0.05 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 50.21 | 37.37 | 43.98 | 106.46 | 324.98 | 469.29 | 283.70 | 423.87 | 160.89 | 92.36 | 31.71 | 102.95 |
| Inventory Days | 21.83 | 16.93 | 36.49 | 128.70 | 425.83 | 335.45 | 399.35 | 600.80 | 369.17 | 305.22 | 116.28 | 365.00 |
| Days Payable | 29.86 | 11.71 | 4.10 | 63.29 | 79.08 | 67.79 | 38.65 | 80.75 | 0.00 | 15.73 | 22.61 | 10.14 |
| Cash Conversion Cycle | 42.18 | 42.59 | 76.36 | 171.86 | 671.73 | 736.95 | 644.41 | 943.92 | 530.06 | 381.84 | 125.38 | 457.81 |
| Working Capital Days | 18.10 | 18.78 | 36.91 | 90.26 | 368.20 | 475.80 | 283.70 | 571.05 | 261.74 | 174.95 | 150.45 | 322.22 |
| ROCE % | 7.10% | 7.76% | 5.14% | 1.76% | -0.63% | -2.98% | -2.77% | -1.00% | 5.56% | 9.25% | -4.58% | 5.35% |
Documents
Announcements
-
Reg. 34 (1) Annual Report.
8 Aug - Mahaveer Infoway's 34th AGM on 29 Aug 2025 covers financials, director changes, borrowing limit increase to Rs.50 Cr.
- Notice Of AGM Of The Comany For The F/Y 2024-25 8 Aug
- Reg. 34 (1) Annual Report. 7 Aug
-
Notice Of Annual General Meeting Of The Company To Be Held On 29-08-2025
7 Aug - Notice of 34th AGM on 29 Aug 2025 with e-voting from 26-28 Aug 2025 disclosed.
-
Notice Of Annual General Meeting Of The Company Will Be Held On 29-08-2025
7 Aug - Notice of 34th AGM for FY 2024-25 published in Financial Express and Ninadam on 07.08.2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Services Offered:
a) Cloud Services:[1] Consulting and Strategy, Migration, Custom Development
b) Development Services:[2] Ms Net, Java/J2EE, SharePoint
c) Mobile Enablement:[3] Android, BlackBerry, Symbian/Ovi, Windows Mobile, iPhone, J2ME platforms
d) Testing Services:[4] Testing Overview, Security Testing, Consulting Services, Performance Engineering, Software Validation, Test Automation, Tools Expertise, Engagement Model
e) Strategic Sourcing:[5][6] Virtual Teams, IT Staffing