---
title: "Mahanivesh (India) Ltd (212590) — Share Price, Financials & Analysis"
symbol: "212590"
company: "Mahanivesh (India) Ltd"
canonical: "https://tapetide.com/stocks/212590"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T11:00:49.701Z"
---

# Mahanivesh (India) Ltd (212590)

Canonical page: https://tapetide.com/stocks/212590

## Company

- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mahaniveshltd.com

## About

Mahanivesh (India) Limited is an India-based Company. The Company is engaged in other financial activities.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 45.2 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -71.6% over past five years.
- Company has a low return on equity of 0.00% over last 3 years.
- Company has high debtors of 243 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| revenue growth | -99% | 0% | -72% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10.22 | 9.95 | 10.04 | 2.21 | 10.22 | 0.03 | 0.04 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 |
| Expenses | 10.22 | 10.01 | 9.99 | 2.24 | 10.22 | 0.02 | 0.02 | 0.05 | 0.02 | 0.01 | 0.01 | 0.06 |
| Operating Profit | 0 | -0.06 | 0.05 | -0.03 | 0 | 0.01 | 0.02 | -0.03 | 0 | 0.01 | 0.02 | -0.04 |
| OPM % | 0 | -0.6 | 0.5 | -1.36 | 0 | 33.33 | 50 | -150 | 0 | 50 | 66.67 | -200 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0.06 | 0.05 | -0.03 | 0 | 0.01 | 0.02 | -0.03 | 0 | 0.01 | 0.02 | -0.04 |
| Tax % | — | 0 | 0 | 0 | — | 0 | 0 | 0 | — | 0 | 0 | 0 |
| Net Profit | -0.04 | -0.06 | 0.05 | -0.03 | 0 | 0.01 | 0.02 | -0.03 | 0 | 0.01 | 0.02 | -0.04 |
| EPS in Rs | -0.04 | -0.06 | 0.05 | -0.03 | 0 | 0.01 | 0.02 | -0.03 | 0 | 0.01 | 0.02 | -0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 41.16 | 45.53 | 51.06 | 48.72 | 0.07 | 0.09 | 0.1 | 0.09 | 0.09 | 0.09 |
| Expenses | 41.15 | 45.52 | 51.07 | 48.78 | 0.07 | 0.09 | 0.1 | 0.09 | 0.09 | 0.1 |
| Operating Profit | 0.01 | 0.01 | -0.01 | -0.06 | 0 | 0 | 0 | 0 | 0 | -0.01 |
| OPM % | 0.02 | 0.02 | -0.02 | -0.12 | 0 | 0 | 0 | 0 | 0 | -11.11 |
| Other Income | 0.08 | 0.09 | 0.1 | 0.11 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.08 | 0.1 | 0.09 | 0.05 | 0.01 | 0 | 0 | 0 | 0 | -0.01 |
| Tax % | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Net Profit | 0.08 | 0.1 | 0.09 | 0.04 | 0 | 0 | 0 | 0 | 0 | -0.01 |
| EPS in Rs | 0.08 | 0.1 | 0.09 | 0.04 | 0 | 0 | 0 | 0 | 0 | -0.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — | — | — | — | — | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 14.64 | 14.74 | 14.82 | 14.86 | 14.87 | 14.87 | 14.87 | 14.87 | 14.87 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 14.92 |
| Total Liabilities | 24.64 | 24.74 | 24.82 | 24.87 | 24.88 | 24.88 | 24.88 | 24.88 | 24.91 | 24.92 |
| Fixed Assets | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.71 | 1.02 | 1.13 | 1.24 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 |
| Other Assets | 21.86 | 23.65 | 23.62 | 23.56 | 23.56 | 23.56 | 23.56 | 23.56 | 23.59 | 23.6 |
| Total Assets | 24.64 | 24.74 | 24.82 | 24.87 | 24.88 | 24.88 | 24.88 | 24.88 | 24.91 | 24.92 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -9.68 | 14.02 | -1.72 | -0.01 | -0.06 | -0.01 | 0 | 0 | 0 | 0 |
| Cash from Investing Activity | -4.62 | -14.02 | 1.55 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -14.3 | 0 | -0.17 | -0.01 | -0.06 | -0.01 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -9.68 | 14.02 | -1.72 | -0.01 | -0.06 | -0.01 | 0 | 0 | 0 | 0 |
| CFO/OP | -96800 | 140200 | -17200 | 100 | 100 | — | — | — | — | — |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 243.33 |
| Inventory Days | 0 | 0 | 130.89 | 116.56 | 122.32 | — | — | — | — | — |
| Days Payable | — | — | 0 | 0 | 0 | — | — | — | — | — |
| Cash Conversion Cycle | 0 | 0 | 130.89 | 116.56 | 122.32 | 0 | 0 | 0 | 0 | 243.33 |
| Working Capital Days | 24.42 | 191.37 | 188.63 | 168.2 | 176.13 | 84784.29 | 95386.67 | 85848 | 95386.67 | 95508.33 |
| ROCE % | 0.37 | 0.37 | 0.41 | 0.36 | 0.2 | 0.04 | 0 | 0 | 0 | 0 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% |
| Public | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.78% |
| No. of Shareholders | 217 | 204 | 206 | 208 | 208 | 208 | 208 |

### Quarterly

| Category | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% | 17.22% |
| Public | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.79% | 82.78% | 82.78% | 82.78% |
| No. of Shareholders | 208 | 208 | 208 | 208 | 208 | 208 | 208 | 208 | 208 | 208 | 208 | 208 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 649.92 | Sell |
| EMA (10) | 648.79 | Sell |
| SMA (20) | 656.12 | Sell |
| EMA (20) | 657.88 | Sell |
| SMA (50) | 686.11 | Sell |
| EMA (50) | 675.7 | Sell |
| SMA (100) | 690.16 | Sell |
| EMA (100) | 682.51 | Sell |
| SMA (200) | 674.27 | Sell |
| EMA (200) | 698.65 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.36 | Neutral |
| MACD (12,26,9) | -12.14 | Sell |
| Stochastic (14,3,3) | 16.36 | Buy |
| ADX (14) | 15.44 | Neutral |
| Williams %R (14) | -89.32 | Buy |
| ATR (14) | 26.46 | High Volatility |
| ROC (12) | -3.91 | Sell |
| Stoch RSI (14) | 13.94 | Buy |
| UO (7,14,28) | 48.37 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport//5304410318.pdf) |
| 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport//5304410317.pdf) |
| 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport//5304410316.pdf) |
| 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport//5304410315.pdf) |
| 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport//5304410314.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport//5304410313.pdf) |
| 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport//5304410312.pdf) |
| 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport//5304410311.pdf) |
| 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport//5304410310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:49.701Z.