---
title: "Meuse Kara & Sungrace Mafatlal Ltd (512253) — Share Price, Financials & Analysis"
symbol: "512253"
company: "Meuse Kara & Sungrace Mafatlal Ltd"
canonical: "https://tapetide.com/stocks/512253"
isin: "INE756D01013"
bse_code: "512253"
generated_at: "2026-10-13T10:59:11.956Z"
---

# Meuse Kara & Sungrace Mafatlal Ltd (512253)

Canonical page: https://tapetide.com/stocks/512253

## Company

- **BSE Code:** 512253
- **ISIN:** INE756D01013
- **Stock Type:** EQUITY
- **Listed Since:** 2006-05-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** karasmafatlal.com

## About

Meuse Kara & Sungrace Mafatlal Limited,incorporated in India, listed on the Bombay Stock Exchange Limited,  the company is engaged in Textile Business

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.02 times its book value
- Debtor days have improved from 172 to 15.9 days.
- Company's working capital requirements have reduced from 92.9 days to 23.5 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.6% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -94% | 139% | 32% |
| revenue growth | -46% | 282% | 97% |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 118.18 | 155.66 | 160.12 | 169.52 | 180.32 | 136.01 | 8.09 | 1.72 |
| Expenses | 117.46 | 149.06 | 153.37 | 165.44 | 182.81 | 129.92 | 8.06 | 1.21 |
| Operating Profit | 0.72 | 6.6 | 6.75 | 4.08 | -2.49 | 6.09 | 0.03 | 0.51 |
| OPM % | 0.61 | 4.24 | 4.22 | 2.41 | -1.38 | 4.48 | 0.37 | 29.65 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0.24 | 0.32 | 0.26 | 0 |
| Depreciation | 0.85 | 0.37 | 0.37 | 4.35 | 1.59 | 1.07 | 1.07 | 0.76 |
| Profit before tax | -0.13 | 6.23 | 6.38 | -0.27 | -4.32 | 4.7 | -1.3 | -0.25 |
| Tax % | 92.31 | 32.42 | 32.45 | -225.93 | -47.45 | 11.7 | -15.38 | 0 |
| Net Profit | -0.25 | 4.21 | 4.31 | 0.34 | -2.27 | 4.15 | -1.11 | -0.25 |
| EPS in Rs | -0.31 | 4.88 | 5 | 0.39 | -2.63 | 4.81 | -1.29 | -0.29 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 12 | 22 | 15 | 12 | 52 | 185 | 652 | 326 |
| Expenses | 1 | 0 | 11 | 20 | 14 | 11 | 51 | 181 | 651 | 322 |
| Operating Profit | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 4 | 1 | 4 |
| OPM % | -6 | 0 | 6 | 8 | 5 | 4.6 | 2.1 | 2.1 | 0.1 | 1.3 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 4 |
| Profit before tax | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 8 | -1 |
| Tax % | 50 | 400 | 1 | 1 | 1 | 0 | 31 | 38 | 10 | — |
| Net Profit | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 7 | 1 |
| EPS in Rs | — | — | 1.1 | 2.22 | 0.9 | 0.66 | 0.9 | 1.11 | 8.34 | 0.6 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.6 | 0.6 | 6 | 8 | 8 | 8 | 8 | 8 | 9 |
| Reserves | 0 | 0 | 0 | 44 | 45 | 17 | 18 | 19 | 26 |
| Borrowings | 0 | 0 | 6 | 0 | 0 | 0 | 3 | 24 | 26 |
| Other Liabilities | 0 | 5 | 1 | 0 | 0 | 0 | 50 | 28 | 42 |
| Total Liabilities | 1 | 6 | 13 | 53 | 54 | 25 | 79 | 79 | 102 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 |
| Investments | 0 | 5 | 10 | 32 | 32 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 3 | 21 | 20 | 23 | 77 | 72 | 88 |
| Total Assets | 1 | 6 | 13 | 53 | 54 | 25 | 79 | 79 | 102 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | -1 | -17 | 2 | -3 | 0 | -15 | 19 |
| Cash from Investing Activity | 0 | -5 | -5 | -22 | -2 | 3 | 0 | -7 | -14 |
| Cash from Financing Activity | 0 | 5 | 6 | 38 | 0 | 0 | 3 | 21 | -3 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 3 |
| Free Cash Flow | 0 | 0 | -1 | -17 | 0 | -3 | -1 | -22 | 5 |
| CFO/OP | -1000 | — | -179 | -922 | 238 | -546 | -39 | -383 | 2220 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 34 | 35 | 44 | 146 | 398 | 102 | 16 |
| Inventory Days | — | — | 152 | 72 | 92 | 68 | 13 | 4 | 3 |
| Days Payable | — | — | 65 | 12 | 10 | 0 | 0 | 56 | 22 |
| Cash Conversion Cycle | — | — | 121 | 95 | 125 | 214 | 411 | 49 | -3 |
| Working Capital Days | — | — | 68 | 338 | 487 | 722 | 171 | 84 | 24 |
| ROCE % | — | -2 | 10 | 5 | 1 | 1 | 4 | 4 | 15 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.52% | 63.25% | 70.22% | 67.95% | 69.73% | 69.73% | 69.74% | 74.2% | 68.23% | 68.23% |
| FIIs | 0.39% | 0.04% | 0.02% | 0% | 0% | 0.02% | 0.02% | 0.29% | 0.65% | 0.53% |
| DIIs | 0.12% | 0.05% | 0.23% | 0.21% | 0% | 0% | 0.59% | 2.11% | 2.3% | 1.21% |
| Public | 36.97% | 36.67% | 29.53% | 31.85% | 30.26% | 30.24% | 29.65% | 23.41% | 28.81% | 30.04% |
| No. of Shareholders | 40074 | 31714 | 33202 | 31068 | 31872 | 26897 | 26821 | 25188 | 27217 | 27299 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.74% | 69.74% | 69.74% | 69.74% | 74.2% | 74.2% | 74.2% | 68.23% | 68.23% | 68.23% | 68.23% | 68.23% |
| FIIs | 0.02% | 0.02% | 0.04% | 0.02% | 0.29% | 0.19% | 0.32% | 0.98% | 0.65% | 0.48% | 0.78% | 0.53% |
| DIIs | 0.59% | 0.82% | 1.59% | 1.77% | 2.11% | 2.11% | 1.96% | 1.76% | 2.3% | 1.74% | 1.22% | 1.21% |
| Public | 29.65% | 29.43% | 28.64% | 28.47% | 23.41% | 23.51% | 23.52% | 29.03% | 28.81% | 29.55% | 29.77% | 30.04% |
| No. of Shareholders | 26821 | 24722 | 24214 | 24824 | 25188 | 27506 | 28296 | 27572 | 27217 | 27784 | 27595 | 27299 |

## 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) | 57.61 | Sell |
| EMA (10) | 57.58 | Sell |
| SMA (20) | 59.06 | Sell |
| EMA (20) | 58.3 | Sell |
| SMA (50) | 58.84 | Sell |
| EMA (50) | 59.03 | Sell |
| SMA (100) | 59.86 | Sell |
| EMA (100) | 60.11 | Sell |
| SMA (200) | 62.54 | Sell |
| EMA (200) | 63.64 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.76 | Neutral |
| MACD (12,26,9) | -0.74 | Sell |
| Stochastic (14,3,3) | 22.65 | Neutral |
| ADX (14) | 14.87 | Neutral |
| Williams %R (14) | -73.22 | Neutral |
| ATR (14) | 1.82 | High Volatility |
| ROC (12) | -4.35 | Sell |
| Stoch RSI (14) | 47.22 | Neutral |
| UO (7,14,28) | 52.93 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachLive/66e72f4e-4428-48ea-8293-4add907834e1.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4fde4f6-9bce-42db-a675-c25064665cc2.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8beef9e6-d14e-4650-a3bd-070b8ce12ddd.pdf) |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/709991df-4fe0-4c73-ad0f-6c92a6c36c17.pdf) |
| 2026-02-17 | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/caefdb43-3c9a-46e7-b12b-e9f70fadb2f7.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/41ef2542-9375-42af-b2ba-28c52999d882.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c65000b0-ef54-4cd9-a114-dc4465d222fe.pdf) |
| 2026-01-30 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b5890c7-b3fd-4d7f-8c2a-78fdc8491ec4.pdf) |
| 2026-01-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/741a12b9-f268-4567-ae63-86010a18f35c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/532a0074-8cbd-4b6b-8609-6262752a269c.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3a9fbc1-2fd3-4649-8c84-a6be65db4491.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b2385867-eedf-4c20-a170-9fc17620a447.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/513349/73988513349.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/513349/69761513349_10_09_21.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/513349/66805513349.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/513349/5133490319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/513349/5133490318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/513349/5133490317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/513349/5133490316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c65000b0-ef54-4cd9-a114-dc4465d222fe.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7da36578-476e-4a8d-bb53-12c731bedd84.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/183dc9b1-684c-4d45-afca-de95d885abce.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4441f16-2f44-4662-96bf-aae561921156.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b76db4f4-183f-42ef-ab3c-4c3fd12c32b8.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ece9d85-d9f6-41ee-8150-79a4f4470a0e.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c83f98ec-a28d-4fae-a06c-241201986061.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be5c1277-a595-4a87-a386-b4b14c4e02b7.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b9add35-4ba6-4a42-8e37-374da20ac705.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a115862-a808-4c29-a2b4-eda2f508f60b.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-08-05 | Credit rating update — CRISIL |
| 2024-08-06 | Credit rating update — CRISIL |

---

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 2026-10-13T10:59:11.956Z.