Mish Designs Ltd
Incorporated in 2017, Mish Designs Ltd is in the business of providing ladies garments[1]
- Market Cap ₹ 16.6 Cr.
- Current Price ₹ 52.2
- High / Low ₹ 150 / 40.1
- Stock P/E 20.5
- Book Value ₹ 56.9
- Dividend Yield 0.00 %
- ROCE 9.11 %
- ROE 6.06 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.92 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.47%
- Company has a low return on equity of 9.97% over last 3 years.
- Company has high debtors of 203 days.
- Working capital days have increased from 247 days to 349 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
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.62 | 3.93 | 4.20 | 7.29 | 11.05 | 13.13 | 17.92 | 17.95 | |
| 0.78 | 3.90 | 4.06 | 6.95 | 9.81 | 11.58 | 16.48 | 16.66 | |
| Operating Profit | -0.16 | 0.03 | 0.14 | 0.34 | 1.24 | 1.55 | 1.44 | 1.29 |
| OPM % | -25.81% | 0.76% | 3.33% | 4.66% | 11.22% | 11.81% | 8.04% | 7.19% |
| 0.00 | 0.00 | 0.00 | 0.01 | -0.07 | 0.04 | 0.09 | 0.09 | |
| Interest | 0.00 | 0.00 | 0.04 | 0.17 | 0.36 | 0.41 | 0.29 | 0.29 |
| Depreciation | 0.00 | 0.02 | 0.07 | 0.10 | 0.11 | 0.08 | 0.04 | 0.02 |
| Profit before tax | -0.16 | 0.01 | 0.03 | 0.08 | 0.70 | 1.10 | 1.20 | 1.07 |
| Tax % | -25.00% | 0.00% | 66.67% | 50.00% | 27.14% | 26.36% | 25.83% | |
| -0.12 | 0.01 | 0.00 | 0.05 | 0.51 | 0.81 | 0.89 | 0.81 | |
| EPS in Rs | -12.00 | 1.00 | 0.00 | 2.00 | 2.55 | 2.89 | 2.80 | 2.55 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 35% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 145% |
| 3 Years: | 161% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.25 | 0.25 | 2.00 | 2.80 | 3.18 | 3.18 |
| Reserves | -0.15 | -0.15 | 0.27 | 0.32 | 0.18 | 8.64 | 14.74 | 14.92 |
| 0.52 | 0.88 | 1.08 | 2.31 | 3.00 | 1.85 | 1.49 | 2.70 | |
| 0.10 | 0.53 | 0.92 | 1.35 | 1.93 | 0.94 | 4.23 | 4.93 | |
| Total Liabilities | 0.57 | 1.36 | 2.52 | 4.23 | 7.11 | 14.23 | 23.64 | 25.73 |
| 0.01 | 0.16 | 0.25 | 0.28 | 0.27 | 0.22 | 0.18 | 0.24 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.56 | 1.20 | 2.27 | 3.95 | 6.84 | 14.01 | 23.46 | 25.49 | |
| Total Assets | 0.57 | 1.36 | 2.52 | 4.23 | 7.11 | 14.23 | 23.64 | 25.73 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -0.09 | -0.58 | -0.88 | -1.18 | -6.25 | -5.00 | ||
| -0.17 | -0.17 | -0.12 | -0.10 | -0.03 | -0.01 | ||
| 0.36 | 0.72 | 1.06 | 1.33 | 6.90 | 4.95 | ||
| Net Cash Flow | 0.10 | -0.03 | 0.07 | 0.04 | 0.62 | -0.06 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 88.31 | 16.72 | 89.51 | 71.10 | 71.68 | 87.57 | 203.48 |
| Inventory Days | 666.52 | 322.25 | 326.21 | 276.45 | 456.11 | 320.12 | |
| Days Payable | 396.74 | 279.50 | 216.88 | 132.45 | 33.81 | 118.13 | |
| Cash Conversion Cycle | 88.31 | 286.50 | 132.26 | 180.42 | 215.68 | 509.87 | 405.46 |
| Working Capital Days | 235.48 | 47.37 | 15.64 | 38.05 | 90.84 | 300.78 | 348.71 |
| ROCE % | 1.54% | 5.76% | 11.16% | 28.54% | 16.35% | 9.11% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
27 Nov - CS Ashima Chhatwal resigned effective Sept 30, 2025; intimation filed late; compliance procedures strengthened.
-
Announcement under Regulation 30 (LODR)-Change in Management
26 Nov - CS Ashima Chhatwal resigned effective September 30, 2025; board accepted.
-
Statement Of Deviation(S) Or Variation(S) For The Half Year Ended September 30, 2025 Under Regulation 32 Of SEBI (LODR) Regulations, 2015
13 Nov - No deviation in use of proceeds for half-year ended Sep 30, 2025; funds: Rs.839.00L (IPO), Rs.121.5L (Jan, Mar 2025)
-
Revised Outcome Of Board Meeting Held On November 10, 2025
13 Nov - Approved unaudited results for half-year ended Sept 30, 2025; limited review; format errors rectified.
- Results - Financial Results For Half Year Ended September 30, 2025 10 Nov
Business Overview:[1]
a) MDL processes fabrics into garments under the brand name MISH, CURVES BY MISH in India.
b) It exports to the United Arab Emirates under the brand name ZOEY
c) The company offers a collection of over 1000 trendy designs under the categories of women's wear such as dresses, tops, co-ords, t-shirts, trousers and palazzos.