---
title: "Archon Industries Ltd (506041) — Share Price, Financials & Analysis"
symbol: "506041"
company: "Archon Industries Ltd"
canonical: "https://tapetide.com/stocks/506041"
isin: "INE119D01014"
bse_code: "506041"
generated_at: "2026-10-13T11:01:38.125Z"
---

# Archon Industries Ltd (506041)

Canonical page: https://tapetide.com/stocks/506041

## Company

- **BSE Code:** 506041
- **ISIN:** INE119D01014
- **Stock Type:** EQUITY
- **Listed Since:** 2012-06-13
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** maisfl.com

## About

Mahesh Agri. Implements & Steel Forging Ltd is engaged in manufacturing forging and engineering quality carbon and alloy steels in India.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.36 times its book value

### Weaknesses

- Company has a low return on equity of 0.43% over last 3 years.
- Earnings include an other income of Rs.2.34 Cr.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | — | 40% |
| revenue growth | -100% | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.05 | 0.01 | 0.01 | 0.01 | 0.04 | 0.02 | 0.07 | 0.03 | 0.02 | 0.02 |
| Operating Profit | 0.01 | -0.01 | -0.01 | -0.01 | -0.04 | -0.02 | -0.07 | -0.03 | -0.02 | -0.02 |
| OPM % | 16.67 | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0.01 | 0.03 | 0.03 | 0.04 | 0.07 | 0.1 | 0.1 | 2.14 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.01 | 0 | 0.02 | 0.02 | 0 | 0.05 | 0.03 | 0.07 | 2.12 | -0.02 |
| Tax % | 0 | — | 0 | 50 | — | 20 | 0 | 0 | 20.75 | 0 |
| Net Profit | 0.01 | 0 | 0.02 | 0.01 | -0.02 | 0.04 | 0.03 | 0.07 | 1.67 | -0.02 |
| EPS in Rs | — | 0 | 0.17 | 0.08 | -0.17 | 0.33 | 0.25 | 0.58 | 13.81 | -0.17 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.67 | 5.18 | 1.61 | 0.08 | 0 | 0 |
| Expenses | 5.68 | 5.16 | 1.64 | 0.14 | 0.07 | 0.14 |
| Operating Profit | -0.01 | 0.02 | -0.03 | -0.06 | -0.07 | -0.14 |
| OPM % | -0.18 | 0.39 | -1.86 | -75 | — | — |
| Other Income | 0.24 | 0.01 | 0.03 | 0.06 | 0.11 | 2.34 |
| Interest | 0.22 | 0.07 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | -0.04 | 0 | 0 | 0.04 | 2.2 |
| Tax % | — | 0 | — | — | 25 | — |
| Net Profit | 0 | -0.04 | 0 | -0.01 | 0.03 | 1.75 |
| EPS in Rs | — | — | — | — | 0.25 | 14.47 |
| Dividend Payout % | — | 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 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.65 | 0.65 | 0.65 | 0.65 | 1.21 |
| Reserves | 0.71 | 0.68 | 0.68 | 0.67 | 1.37 |
| Borrowings | 0.11 | 0.1 | 0.1 | 0.1 | 0 |
| Other Liabilities | 3.36 | 2.42 | 0.68 | 0.66 | 0.89 |
| Total Liabilities | 4.83 | 3.85 | 2.11 | 2.08 | 3.47 |
| Fixed Assets | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 |
| Other Assets | 4.73 | 3.77 | 2.05 | 2.02 | 3.41 |
| Total Assets | 4.83 | 3.85 | 2.11 | 2.08 | 3.47 |

### Cash Flow

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 0.15 | -0.11 | 0.2 |
| Cash from Investing Activity | — | — | 0 | 0 | 0.11 |
| Cash from Financing Activity | — | — | 0 | 0 | 1.13 |
| Net Cash Flow | — | — | 0.15 | -0.11 | 1.44 |
| Free Cash Flow | — | — | 0.15 | -0.11 | 0.2 |
| CFO/OP | — | — | -500 | 183 | -300 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 157.72 | 161.36 | 262.98 | 5064.38 | — |
| Inventory Days | 59.59 | 21.09 | 2.34 | 0 | — |
| Days Payable | 227.53 | 173.77 | 159.1 | — | — |
| Cash Conversion Cycle | -10.22 | 8.67 | 106.22 | 5064.38 | — |
| Working Capital Days | 84.33 | 93.72 | 269.78 | 5840 | — |
| ROCE % | — | 2.07 | 0 | 0 | 2 |

## Shareholding Pattern

### annual

| Category | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Promoters | 60.87% | 9.85% | 9.85% |
| Public | 39.13% | 90.16% | 90.16% |
| No. of Shareholders | 394 | 409 | 404 |

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.87% | 60.87% | 42.68% | 9.85% | 9.85% | 9.85% |
| Public | 39.13% | 39.13% | 57.32% | 90.16% | 90.16% | 90.16% |
| No. of Shareholders | 418 | 394 | 385 | 409 | 404 | 404 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 463.92 | Sell |
| EMA (10) | 458.32 | Sell |
| SMA (20) | 465.98 | Sell |
| EMA (20) | 462.54 | Sell |
| SMA (50) | 467.23 | Sell |
| EMA (50) | 464.46 | Sell |
| SMA (100) | 464.31 | Sell |
| EMA (100) | 465.1 | Sell |
| SMA (200) | 468.73 | Sell |
| EMA (200) | 472.47 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.06 | Neutral |
| MACD (12,26,9) | -3.61 | Sell |
| Stochastic (14,3,3) | 27 | Neutral |
| ADX (14) | 19.49 | Neutral |
| Williams %R (14) | -63.51 | Neutral |
| ATR (14) | 16.63 | High Volatility |
| ROC (12) | -4.61 | Sell |
| Stoch RSI (14) | 27.31 | Neutral |
| UO (7,14,28) | 43.33 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2025-12-31 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ec47af8-cd2d-4996-b47f-6233e9b5c766.pdf) |
| 2025-10-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b849a8e-c0c3-414b-913f-2ba4da082ff9.pdf) |
| 2025-09-27 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc213363-de4f-41a5-b39a-ed1cecbfd4d7.pdf) |
| 2025-08-20 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d7030d6-d124-48db-bc16-6a3e2567787d.pdf) |
| 2025-08-20 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19cb3645-08a1-42a6-bedf-bee972ecd01a.pdf) |
| 2015-08-14 | [Financial Results & Limited Review Report for June 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E347C3D0_BE37_4EAA_AD2D_08F17E461552_193253.pdf) |
| 2015-08-14 | [Financial Results & Limited Review Report for June 30, 2015 (Standalone)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/8/E347C3D0_BE37_4EAA_AD2D_08F17E461552_193253.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c85acc65-0549-4b4e-a654-e24dd0e582f9.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a137021-f99c-4146-be15-e70a37c316e0.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/506041/5060410314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/506041/5060410313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/506041/5060410312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/506041/5060410311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/506041/5060410310.pdf) |

---

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 2026-10-13T11:01:38.125Z.