5

Mrugesh Trading Ltd

MRUGESHTRADINGLTD NSE

Key Fundamentals

MicrocapNBFCFinancial Services
Market Cap
₹4,879 Cr
Volatility
High Risk
P/E Ratio
0
EBITDA
₹-1.32 Cr
Return on Equity
1.88%
Debt to Equity
0.01
Book Value
₹1
EPS
₹0
52W High
₹67.54
52W Low
₹0.48

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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37 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

7
  • Stock is trading at 67.6 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 0.25%
  • Company has a low return on equity of 0.17% over last 3 years.
  • Company has high debtors of 255 days.
  • Promoter holding has decreased over last 3 years: -74.1%
  • Working capital days have increased from 658 days to 990 days

Growth Rate

Revenue Growth
-43.91% ↘
Net Income Growth
-180.00% ↗
Cash Flow Change
-17.85% ↘
ROE
-101.85% ↘
ROCE
-116.21% ↘
EBITDA Margin (Avg.)
-626.73% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 8d ago
AI opinion · based on fundamentals
Risk high

Mrugesh Trading Ltd is a micro-cap financial services company with a market cap of Rs 4,277.6 crore trading at 59.3x book value, with near-zero promoter holding at 0.25% and a TTM sales decline of 44%. The company reports negligible return on equity of 0.17% over 3 years and has shifted to a net loss position with TTM profit growth at -169%.

Bull Case 5
  • Company is almost debt free, reducing solvency risk and interest burden on the balance sheet
  • 10-year compounded sales growth of 102% indicates the business achieved significant revenue scale-up over the longer term
  • Debt-free status provides financial flexibility to pursue new opportunities without lender constraints
  • Micro-cap positioning with Rs 4,277.6 crore market cap offers optionality if business fundamentals improve materially
  • Absence of significant debt means no refinancing risk in a rising interest rate environment
Bear Case 8
  • Stock trades at 59.3x book value, an extreme premium with no earnings growth to justify the valuation
  • Promoter holding is critically low at just 0.25%, signaling lack of skin in the game by insiders
  • Promoter holding has declined by 74.1% over the last 3 years, indicating sustained insider selling
  • TTM sales have declined 44%, showing severe revenue deterioration in the most recent period
  • TTM profit growth is -169%, meaning the company has swung from profit to a net loss
  • Return on equity is just 0.17% over the last 3 years, indicating virtually no value creation for shareholders
  • Debtor days stand at 255 days, suggesting poor receivables management and potential collection issues
  • Working capital days have ballooned from 658 to 990 days, indicating severely strained operational cash conversion

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 8d ago
Neutral 1
  • Registered office shifts to Andheri Jun 25

    Board approved relocation from Shivaji Park to INNOV8 Times Square, Andheri East, effective June 25, 2026. Administrative move with no direct business impact.

TL;DR: Limited news flow for Mrugesh Trading Ltd. The only recent development is an administrative office relocation to Andheri East, which has no material impact on operations or financials. With no substantive business updates, the outlook remains unchanged and driven by broader market conditions in the financial services space.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
0
0
0
0
0
0
10.9
1.56
7.78
0
0.98
3.84
6.51
Expenses
0.01
0
0
0
0
0.05
9.99
1.55
8.24
0.05
1.01
3.49
8.09
Financing Profit
-0.01
0
0
0
0
-0.05
0.91
0.01
-0.46
-0.05
-0.03
0.35
-1.58
Fin. Margin %
—
—
—
—
—
—
8.35%
0.64%
-5.91%
—
-3.06%
9.11%
-24.27%
Other Income
0
0
0
0
0
0
0
0
0
0
0
0
1.08
Interest
0
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
0
PBT
-0.01
0
0
0
0
-0.05
0.91
0.01
-0.46
-0.05
-0.03
0.35
-0.5
Tax %
0%
—
—
—
—
0%
24.18%
0%
-34.78%
0%
0%
25.71%
0%
Net Profit
-0.01
0
0
0
0
-0.05
0.7
0.01
-0.31
-0.05
-0.03
0.26
-0.5
EPS in Rs
-0.04
0
0
0
0
-0.2
2.8
0.04
-1.24
-0.2
-0.12
0
-0.01
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
0.04
0.01
0.11
0.01
0.01
0
0
0
0
0
20.24
11.33
Expenses
0.03
0.04
0.05
0.05
0.05
0.1
0.12
0.03
0.01
0.02
19.83
12.64
Financing Profit
0
-0.05
0.04
-0.06
-0.06
-0.12
-0.13
-0.03
-0.01
-0.02
0.41
-1.31
Fin. Margin %
0%
-500%
36.36%
-600%
-600%
—
—
—
—
—
2.03%
-11.56%
Other Income
0
0
0
0
0
0
0
0
0
0
0
1.08
Interest
0.01
0.02
0.02
0.02
0.02
0.02
0.01
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0
-0.05
0.04
-0.06
-0.06
-0.12
-0.13
-0.03
-0.01
-0.02
0.41
-0.23
Tax %
—
0%
0%
0%
0%
0%
7.69%
0%
0%
0%
14.63%
0%
Net Profit
0
-0.05
0.04
-0.06
-0.06
-0.12
-0.14
-0.03
-0.01
-0.02
0.35
-0.24
EPS in Rs
0
-0.2
0.16
-0.24
-0.24
-0.48
-0.56
-0.12
-0.04
-0.08
1.4
0
Div. Payout %
—
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
72.25
Reserves
-0.08
-0.13
0.11
0.06
0.05
-0.05
-0.19
-0.21
-0.22
-0.23
18.12
-0.12
Borrowing
0.21
0.24
0.29
0.26
0.15
0.24
0
0.1
0.1
0.1
0
2.52
Other Liabilities
0.15
0.16
0.16
0.17
0.17
0.2
0.22
0.14
0.01
0.03
0.27
0.13
Total Liabilities
0.53
0.52
0.81
0.74
0.62
0.64
0.28
0.28
0.14
0.15
18.64
74.78
Fixed Assets
0
0
0
0
0
0
0
0
0
0
0.01
0.01
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0.25
0.25
0.45
0.45
0.43
0.45
0
0.15
0
0
0
0
Other Assets
0.28
0.27
0.36
0.29
0.19
0.19
0.28
0.13
0.14
0.15
18.63
74.77
Total Assets
0.53
0.52
0.81
0.74
0.62
0.64
0.28
0.28
0.14
0.15
18.64
74.78
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.02
-0.04
-0.03
0.05
-0.04
-0.09
-0.1
0.02
0
0
-17.85
-56.38
Investing
-0.21
0
0
0
-0.03
0
0.45
0
0
0
-0.01
0
Financing
0.19
0.04
0.03
-0.05
0.07
0.09
-0.24
0
0
0
17.89
56.52
Net Cash Flow
0
0
0
0
0
0
0.12
0.02
0
0
0.03
0.14
Free Cash Flow
0.02
-0.04
-0.03
0.05
-0.04
-0.09
-0.1
0.02
0
0
-17.86
-56.38
CFO/OP
200
133
-33
-125
100
90
83
-67
0
0
-4,339
4,304
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
0%
-34.48%
16.67%
-17.91%
-19.67%
-48%
-107.69%
-60%
-28.57%
-80%
3.81%
-0.53%

Shareholding Pattern

As of Mar 2026
Others 99.70%
Promoters 0.25%
Public 0.05%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025Dec 2025Mar 2026
Promoters
0.00%
0.00%
0.00%
74.37%
0.00%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
74.37%
0.25%
0.25%
0.25%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.10%
7.00%
7.00%
15.24%
13.73%
13.73%
13.73%
13.73%
13.73%
13.73%
13.69%
13.69%
13.69%
13.69%
13.69%
13.69%
13.69%
13.69%
15.17%
0.05%
0.05%
0.05%
Others
92.90%
93.00%
93.00%
10.39%
86.27%
11.90%
11.90%
11.90%
11.90%
11.90%
11.94%
11.94%
11.94%
11.94%
11.94%
11.94%
11.94%
11.94%
10.47%
99.70%
99.70%
99.70%
No. of Shareholders
0
64
61
61
60
60
60
60
60
60
60
60
60
61
70
61
61
61
65
72
86
94

Documents

Frequently Asked Questions about Mrugesh Trading Ltd

What does Mrugesh Trading Ltd do?
Incorporated in 1984, Mrugesh Trading Ltd trades in commodities and deals in commission income[1]
Where is Mrugesh Trading Ltd (512065) listed?
Mrugesh Trading Ltd is listed on the Indian stock exchanges. It is listed on NSE: MRUGESHTRADINGLTD and BSE: MRUTR. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Mrugesh Trading Ltd belong to?
Mrugesh Trading Ltd operates in the Financial Services sector within the NBFC industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Mrugesh Trading Ltd?
Mrugesh Trading Ltd has a market capitalisation of approximately ₹4879.40 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Mrugesh Trading Ltd?
The Price-to-Earnings (PE) ratio of Mrugesh Trading Ltd is 0.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Mrugesh Trading Ltd?
Over the past 52 weeks, Mrugesh Trading Ltd has traded between a low of ₹0.48 and a high of ₹67.54. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Mrugesh Trading Ltd?
Mrugesh Trading Ltd has a Return on Equity (ROE) of 1.88%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Mrugesh Trading Ltd on Tapetide?
On Tapetide, you can view Mrugesh Trading Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1984, Mrugesh Trading Ltd trades in commodities and deals in commission income[1]

Website mrugeshtrading.com
Face Value ₹ 1

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