Mehai Technology Ltd

Mehai Technology Ltd

₹ 18.4 1.77%
12 Jun 3:10 p.m.
About

Incorporated in 2013, Mehai Technology Ltd deals in electronic Items and trading activities[1]

Key Points

Business Overview:[1]
Company is an electronics retail chain operator in Eastern India which provides customers with a one-stop-shop for all their electronics needs. At present, company has ~16 electronics retail stores in Patna and plans to open ~4 new stores in Kolkata

  • Market Cap 576 Cr.
  • Current Price 18.4
  • High / Low 34.0 / 2.70
  • Stock P/E 82.0
  • Book Value 3.11
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 10.0 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 152% CAGR over last 5 years

Cons

  • Stock is trading at 5.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.56%
  • Company has a low return on equity of 7.35% over last 3 years.
  • Debtor days have increased from 64.3 to 105 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1.67 0.81 0.61 2.11 4.51 1.87 3.81 4.82 5.48 1.99 10.17 45.73 42.06
1.56 0.75 0.59 1.97 3.82 1.76 3.41 4.44 5.01 1.48 8.68 37.89 40.33
Operating Profit 0.11 0.06 0.02 0.14 0.69 0.11 0.40 0.38 0.47 0.51 1.49 7.84 1.73
OPM % 6.59% 7.41% 3.28% 6.64% 15.30% 5.88% 10.50% 7.88% 8.58% 25.63% 14.65% 17.14% 4.11%
0.02 0.03 0.06 0.02 0.02 0.26 0.09 0.13 0.04 0.03 0.04 0.02 0.03
Interest 0.00 0.00 0.00 0.01 0.02 0.11 0.15 0.12 0.14 0.25 0.30 0.46 0.65
Depreciation 0.12 0.03 0.03 0.03 0.04 0.04 0.05 0.06 0.11 0.07 0.07 0.07 0.07
Profit before tax 0.01 0.06 0.05 0.12 0.65 0.22 0.29 0.33 0.26 0.22 1.16 7.33 1.04
Tax % 0.00% 16.67% 20.00% 25.00% 47.69% 36.36% 20.69% 27.27% 80.77% 27.27% 31.03% 27.29% 27.88%
0.01 0.04 0.03 0.09 0.34 0.14 0.23 0.24 0.04 0.15 0.80 5.32 0.75
EPS in Rs 0.00 0.00 0.00 0.01 0.03 0.01 0.02 0.01 0.00 0.01 0.03 0.18 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 4m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.00 0.62 1.24 5.22 5.35 20.82 24.54 5.08 6.01 8.04 15.99 99.95
0.00 0.60 1.21 4.78 5.30 20.57 24.60 4.83 5.52 7.14 14.21 88.38
Operating Profit 0.00 0.02 0.03 0.44 0.05 0.25 -0.06 0.25 0.49 0.90 1.78 11.57
OPM % 3.23% 2.42% 8.43% 0.93% 1.20% -0.24% 4.92% 8.15% 11.19% 11.13% 11.58%
0.00 0.00 0.00 0.00 0.33 0.34 0.27 0.04 0.03 0.13 0.10 0.12
Interest 0.00 0.00 0.00 0.00 0.08 0.08 0.13 0.00 0.01 0.03 0.53 1.66
Depreciation 0.00 0.00 0.01 0.01 0.13 0.16 0.17 0.17 0.15 0.14 0.27 0.29
Profit before tax 0.00 0.02 0.02 0.43 0.17 0.35 -0.09 0.12 0.36 0.86 1.08 9.74
Tax % 0.00% 0.00% 27.91% 35.29% 40.00% -22.22% 33.33% 25.00% 43.02% 39.81% 27.82%
0.00 0.01 0.01 0.31 0.10 0.22 -0.07 0.09 0.27 0.50 0.66 7.03
EPS in Rs 0.00 0.06 0.06 1.72 0.01 0.02 -0.01 0.01 0.03 0.05 0.03 0.22
Dividend Payout % 0.00% 0.00% 0.00% 26.80% 24.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 66%
5 Years: 32%
3 Years: 155%
TTM: 525%
Compounded Profit Growth
10 Years: 93%
5 Years: 152%
3 Years: 196%
TTM: 965%
Stock Price CAGR
10 Years: %
5 Years: 40%
3 Years: 70%
1 Year: 509%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 7%
Last Year: 10%

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 0.01 0.09 0.09 0.09 5.36 10.71 10.71 10.71 10.71 10.71 19.61 31.39
Reserves 0.00 0.01 0.03 0.33 7.17 1.95 1.88 1.97 2.24 2.74 23.05 66.27
0.05 0.00 0.00 3.25 0.00 0.54 0.00 0.11 0.08 1.49 3.95 23.14
0.12 0.45 0.84 4.85 1.62 3.23 4.13 1.51 1.38 1.80 1.40 3.38
Total Liabilities 0.18 0.55 0.96 8.52 14.15 16.43 16.72 14.30 14.41 16.74 48.01 124.18
0.00 0.16 0.15 1.61 1.54 1.98 1.82 1.68 1.53 1.75 2.15 1.86
CWIP 0.00 0.00 0.00 0.00 0.35 0.00 0.00 0.00 0.00 3.65 9.14 19.21
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.03 1.05
0.18 0.39 0.81 6.91 12.26 14.45 14.90 12.62 12.88 11.32 36.69 102.06
Total Assets 0.18 0.55 0.96 8.52 14.15 16.43 16.72 14.30 14.41 16.74 48.01 124.18

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
-0.17 0.28 -0.70 1.23 -6.16 -0.99 -1.17 2.82 -0.03 3.28 -10.76 -0.08
0.00 -0.16 0.00 -1.47 -0.66 -0.24 -0.02 -0.02 0.08 -4.02 -20.11 -46.42
0.18 -0.10 0.70 3.25 8.67 -3.09 0.67 -2.76 -0.04 1.39 30.49 46.16
Net Cash Flow 0.01 0.02 0.00 3.01 1.85 -4.32 -0.52 0.04 0.00 0.65 -0.38 -0.35

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 0.00 44.15 239.84 95.51 113.78 91.32 415.30 205.27 40.40 47.48 105.14
Inventory Days 435.19 321.42 35.18 56.35 49.77 4.02 53.91 158.43 121.27 118.56 44.89
Days Payable 603.65 65.37 221.64 121.11 51.82 56.50 69.82 75.33 63.63 9.62 0.28
Cash Conversion Cycle -168.46 300.20 53.38 30.76 111.73 38.85 399.39 288.37 98.04 156.42 149.74
Working Capital Days -76.53 176.61 -18.88 371.14 122.02 121.82 405.24 369.86 158.44 125.09 181.13
ROCE % 25.00% 18.18% 22.69% 3.09% 3.34% 0.31% 0.95% 2.87% 6.36% 5.23% 13.62%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Apr 2025
52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 52.16% 56.33% 56.33% 55.79% 52.46% 54.23%
47.84% 47.85% 47.85% 47.85% 47.85% 47.84% 47.85% 43.67% 43.67% 44.21% 47.53% 45.77%
No. of Shareholders 12,53910,82010,0719,1988,8289,53410,2109,3357,5038,07910,16610,292

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