---
title: "Minosha India Ltd (517496) — Share Price, Financials & Analysis"
symbol: "517496"
company: "Minosha India Ltd"
canonical: "https://tapetide.com/stocks/517496"
isin: "INE291B01015"
bse_code: "517496"
generated_at: "2026-10-13T11:00:23.445Z"
---

# Minosha India Ltd (517496)

Canonical page: https://tapetide.com/stocks/517496

## Company

- **BSE Code:** 517496
- **ISIN:** INE291B01015
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ricoh.co.in

## About

Ricoh India Limited is a technology company. The Company is engaged in providing information technology (IT) services, and printers and accessories. It specializes in office imaging equipment, production print solutions and document management systems.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -10.4% over past five years.
- Contingent liabilities of Rs.1,094 Cr.
- Company has high debtors of 188 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 89% | 24% | — |
| revenue growth | -11% | -17% | -10% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 628 | 661 | -259 | 153 | 223 | 280 | 216 | 490 | 191 | 88 | 233 | 168 |
| Expenses | 547 | 772 | -130 | 342 | 269 | 321 | 264 | 518 | 236 | 632 | 344 | 281 |
| Operating Profit | 81 | -111 | -129 | -189 | -46 | -40 | -48 | -28 | -45 | -544 | -111 | -113 |
| OPM % | 13 | -17 | — | -124 | -21 | -14 | -22 | -6 | -23 | -616 | -48 | -67 |
| Other Income | 13 | 1 | 64 | -622 | 2 | 7 | 2 | -7 | 2 | 2 | 2 | 0 |
| Interest | 31 | 25 | 33 | 56 | 46 | 49 | 33 | 28 | 26 | 25 | 14 | 4 |
| Depreciation | 5 | 4 | 4 | 5 | 4 | 5 | 6 | 2 | 4 | 4 | 4 | 4 |
| Profit before tax | 58 | -138 | -102 | -871 | -94 | -87 | -85 | -65 | -73 | -572 | -128 | -121 |
| Tax % | 28 | 6 | 0 | 0 | 0 | 0 | -8 | 0 | 1 | 0 | 0 | 0 |
| Net Profit | 41 | -147 | -102 | -869 | -94 | -87 | -79 | -65 | -74 | -572 | -128 | -121 |
| EPS in Rs | 10.43 | -37.06 | -25.66 | -218.44 | -23.69 | -21.96 | -19.76 | -16.35 | -18.54 | -143.74 | -32.14 | -30.4 |

### 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 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 257 | 297 | 432 | 633 | 1049 | 1638 | 1067 | 1217 | 682 | 604 |
| Expenses | 228 | 269 | 422 | 612 | 972 | 1495 | 1396 | 1384 | 953 | 637 |
| Operating Profit | 29 | 28 | 9 | 21 | 76 | 143 | -329 | -166 | -271 | -33 |
| OPM % | 11 | 9 | 2.1 | 3.3 | 7 | 9 | -31 | -14 | -40 | -5 |
| Other Income | 3 | 1 | 2 | 2 | 2 | 18 | -623 | 9 | -533 | -114 |
| Interest | 1 | 0 | 6 | 14 | 32 | 89 | 141 | 158 | 71 | 4 |
| Depreciation | 3 | 4 | 7 | 8 | 16 | 21 | 17 | 18 | 17 | 12 |
| Profit before tax | 28 | 25 | -2 | 0 | 30 | 50 | -1109 | -333 | -893 | -163 |
| Tax % | 38 | 36 | 5 | 438 | 43 | 33 | 1 | -2 | 0 | 0 |
| Net Profit | 17 | 16 | -3 | -1 | 17 | 34 | -1118 | -327 | -894 | -163 |
| EPS in Rs | 4.34 | 4.12 | -0.66 | -0.33 | 4.33 | 8.52 | -281.06 | -82.11 | -224.83 | -40.95 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 12 | 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 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 75 | 92 | 84 | 83 | 100 | 129 | -989 | -192 | -1086 | -1250 |
| Borrowings | 0 | 0 | 115 | 254 | 357 | 702 | 2345 | 1266 | 1495 | 1474 |
| Other Liabilities | 98 | 122 | 139 | 369 | 363 | 425 | 737 | 833 | 944 | 983 |
| Total Liabilities | 214 | 254 | 378 | 746 | 860 | 1295 | 2133 | 1946 | 1393 | 1246 |
| Fixed Assets | 12 | 15 | 35 | 34 | 69 | 64 | 67 | 64 | 46 | 33 |
| CWIP | 4 | 1 | 2 | 9 | 4 | 0 | 0 | 0 | 0 | 0 |
| Investments | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 187 | 238 | 341 | 703 | 786 | 1231 | 2065 | 1882 | 1347 | 1213 |
| Total Assets | 214 | 254 | 378 | 746 | 860 | 1295 | 2133 | 1946 | 1393 | 1246 |

### Cash Flow

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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 35 | -9 | -63 | -97 | -59 | -222 | -1482 | 177 | -32 | 70 |
| Cash from Investing Activity | -18 | 8 | -32 | -15 | -50 | -14 | -50 | -56 | -26 | -158 |
| Cash from Financing Activity | -1 | 0 | 109 | 127 | 72 | 265 | 1515 | -126 | 166 | -3 |
| Net Cash Flow | 17 | -2 | 14 | 16 | -37 | 28 | -17 | -5 | 108 | -91 |
| Free Cash Flow | 27 | -13 | -79 | -110 | -106 | -233 | -1510 | 121 | -36 | 69 |
| CFO/OP | 156 | 0 | -614 | -452 | -62 | -149 | 446 | -114 | 5 | -243 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 77 | 66 | 82 | 106 | 111 | 148 | 194 | 199 | 183 | 188 |
| Inventory Days | 106 | 108 | 99 | 130 | 102 | 57 | 291 | 117 | 109 | 99 |
| Days Payable | 166 | 121 | 122 | 189 | 152 | 100 | 262 | 252 | 441 | 659 |
| Cash Conversion Cycle | 17 | 53 | 59 | 47 | 62 | 105 | 223 | 64 | -148 | -371 |
| Working Capital Days | 71 | 66 | 95 | 114 | 116 | 153 | 372 | 216 | -22 | -158 |
| ROCE % | 27 | 21 | 2 | 5 | 14 | 20 | -24 | -14 | -36 | -10 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 73.6% | 73.6% | 73.6% | 73.6% |
| FIIs | 0.19% | 0.19% | 0.19% | 0.19% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 26.18% | 26.18% | 26.18% | 26.18% |
| No. of Shareholders | 16028 | 16061 | 15789 | 15824 |

### Quarterly

| Category | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% | 73.6% |
| FIIs | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% |
| No. of Shareholders | 15995 | 16028 | 16032 | 16044 | 16055 | 16061 | 15793 | 15792 | 15795 | 15789 | 15801 | 15824 |

## 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) | 86.35 | Sell |
| EMA (10) | 85.99 | Sell |
| SMA (20) | 89.08 | Sell |
| EMA (20) | 88.23 | Sell |
| SMA (50) | 94.33 | Sell |
| EMA (50) | 93.8 | Sell |
| SMA (100) | 103.41 | Sell |
| EMA (100) | 102.38 | Sell |
| SMA (200) | 119.63 | Sell |
| EMA (200) | 115.92 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.11 | Neutral |
| MACD (12,26,9) | -2.86 | Sell |
| Stochastic (14,3,3) | 31.18 | Neutral |
| ADX (14) | 16.04 | Neutral |
| Williams %R (14) | -69.12 | Neutral |
| ATR (14) | 3.9 | High Volatility |
| ROC (12) | -9.37 | Sell |
| Stoch RSI (14) | 29.73 | Neutral |
| UO (7,14,28) | 42.93 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-14 | [Outcome Of The Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f236eb7b-2823-4975-9a3a-02d83dc21d07.pdf) |
| 2025-11-17 | [General](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1630cf03-1245-40d4-b07e-649c378a7e63.pdf) |
| 2025-11-13 | [Outcome Of The Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70d40a5d-b3af-401a-93a7-03a00ff8a99b.pdf) |
| 2025-10-02 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/806b2795-59d1-42cb-85e5-0c24b535ff10.pdf) |
| 2025-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32859ac3-ef73-4765-b02f-972e0710fcd2.pdf) |
| 2019-12-16 | [Submission Of Post Offer Public Announcement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ad383f4-1508-475d-81d4-a45d62bfa2a0.pdf) |
| 2019-12-16 | [Submission Of Post Offer Public Announcement](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ad383f4-1508-475d-81d4-a45d62bfa2a0.pdf) |
| 2019-12-09 | [COMPLIANCE UNDER REGULATION 47 OF SEBI (LODR) REGULATIONS, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec9236ba-1dc0-444b-af27-7141b020d312.pdf) |
| 2019-12-09 | [COMPLIANCE UNDER REGULATION 47 OF SEBI (LODR) REGULATIONS, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec9236ba-1dc0-444b-af27-7141b020d312.pdf) |
| 2019-12-05 | [Notice Of The 26Th Annual General Meeting Of Ricoh India Limited To Be Held On Monday, 30 December 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1946b413-baf8-48df-b920-f3cefb6d6603.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83e9a023-0f80-45bd-826c-5d4dc353399a.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8f63bc1-a9d2-49fc-89cf-d7742c6ae4df.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cabdcfa-9054-4ad5-9b55-310e9115cfb4.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533499/72462533499.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533499/68278533499.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533499/5334990319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533499/5334990318.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/517496/5174960318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533499/5334990317.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/517496/5174960317.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-07-29 | Credit rating update — CRISIL |
| 2025-06-20 | Credit rating update — CRISIL |
| 2025-03-24 | Credit rating update — CRISIL |
| 2024-08-09 | Credit rating update — CRISIL |
| 2024-07-30 | Credit rating update — CRISIL |
| 2023-05-12 | 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 2026-10-13T11:00:23.445Z.