---
title: "Mihijam Vanaspati Ltd (519481) — Share Price, Financials & Analysis"
symbol: "519481"
company: "Mihijam Vanaspati Ltd"
canonical: "https://tapetide.com/stocks/519481"
isin: "INE521C01013"
bse_code: "519481"
generated_at: "2026-10-13T10:58:43.131Z"
---

# Mihijam Vanaspati Ltd (519481)

Canonical page: https://tapetide.com/stocks/519481

## Company

- **BSE Code:** 519481
- **ISIN:** INE521C01013
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mihijamvanaspati.com

## About

Mihijam Vanaspati Ltd. manufactures edible oils and related food products. The Company offers a range of products including mamta vanaspati, mamta mustard oil, fir vanaspati, cherry vanaspati, and mamta vegetable oil. Mihijam distributes its products both domestically and internationally.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 95.6 to 76.4 days.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 5.25% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -77% | 8% |
| revenue growth | -19% | 9% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 |
| --- | --- | --- | --- |
| Sales | 17.33 | 9.33 | 8.55 |
| Expenses | 15.7 | 9.26 | 8.06 |
| Operating Profit | 1.63 | 0.07 | 0.49 |
| OPM % | 9.41 | 0.75 | 5.73 |
| Other Income | 0.09 | 0.42 | 0 |
| Interest | 1.2 | 0.04 | 0.03 |
| Depreciation | 0.42 | 0.42 | 0.43 |
| Profit before tax | 0.1 | 0.03 | 0.03 |
| Tax % | 20 | 0 | 0 |
| Net Profit | 0.08 | 0.03 | 0.04 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 58.57 | 68.25 | 67.32 | 72.88 | 107.02 | 86.82 |
| Expenses | 57.28 | 66.24 | 64.49 | 71.09 | 103.39 | 82.92 |
| Operating Profit | 1.29 | 2.01 | 2.83 | 1.79 | 3.63 | 3.9 |
| OPM % | 2.2 | 2.95 | 4.2 | 2.46 | 3.39 | 4.49 |
| Other Income | 0.07 | 0.18 | 0.23 | 1.1 | 0.37 | 0.29 |
| Interest | 0.66 | 1.61 | 2.5 | 1.97 | 2.67 | 2.34 |
| Depreciation | 0.36 | 0.42 | 0.4 | 0.38 | 0.57 | 1.44 |
| Profit before tax | 0.34 | 0.16 | 0.16 | 0.54 | 0.76 | 0.41 |
| Tax % | 79.41 | 43.75 | 31.25 | 31.48 | 18.42 | 65.85 |
| Net Profit | 0.07 | 0.09 | 0.11 | 0.37 | 0.62 | 0.14 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.65 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 1.15 | 1.42 | 1.53 | 1.9 | 2.52 | 2.66 |
| Borrowings | 3.71 | 3.53 | 10.68 | 14.37 | 23.32 | 17.74 |
| Other Liabilities | 8.54 | 21.08 | 31.69 | 38.91 | 30.4 | 41.78 |
| Total Liabilities | 18.05 | 31.03 | 48.9 | 60.18 | 61.24 | 67.18 |
| Fixed Assets | 3.36 | 2.68 | 2.54 | 4.3 | 10.15 | 14.81 |
| CWIP | 0 | 0 | 0 | 1.61 | 4.47 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 14.69 | 28.35 | 46.36 | 54.27 | 46.62 | 52.37 |
| Total Assets | 18.05 | 31.03 | 48.9 | 60.18 | 61.24 | 67.18 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.62 | -0.17 | -4.81 | -0.45 | 8.36 | 4.88 |
| Cash from Investing Activity | -0.01 | -0.05 | -0.26 | -3.75 | -9.27 | -1.63 |
| Cash from Financing Activity | -0.11 | 0.77 | 7.15 | 3.69 | 0.12 | 0.63 |
| Net Cash Flow | 0.5 | 0.55 | 2.08 | -0.51 | -0.79 | 3.88 |
| Free Cash Flow | 0.61 | -0.22 | -5.07 | -4.2 | -0.91 | 3.25 |
| CFO/OP | 57 | -3 | -102 | 61 | 232 | 127 |

### Ratios

| Item | Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 42.81 | 81.29 | 122.15 | 133.52 | 76.81 | 76.39 |
| Inventory Days | 26.33 | 73.58 | 121.71 | 106.68 | 75.59 | 115.69 |
| Days Payable | 44 | 141.77 | 210.29 | 200.02 | 113.17 | 203.83 |
| Cash Conversion Cycle | 25.14 | 13.1 | 33.58 | 40.18 | 39.23 | -11.76 |
| Working Capital Days | 36.14 | 33.69 | 62.68 | 64.26 | 41.64 | 8.37 |
| ROCE % | — | — | 19.59 | 13.05 | 13.16 | 9.78 |

## Shareholding Pattern

### annual

| Category | Mar 2025 | Sep 2025 |
| --- | --- | --- |
| Promoters | 70.11% | 70.11% |
| FIIs | 0.04% | 0% |
| DIIs | 2.46% | 2.52% |
| Public | 27.38% | 27.37% |
| No. of Shareholders | 762 | 733 |

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Promoters | 70.11% | 70.11% | 70.11% |
| FIIs | 1.49% | 0.04% | 0% |
| DIIs | 2.9% | 2.46% | 2.52% |
| Public | 25.5% | 27.38% | 27.37% |
| No. of Shareholders | 837 | 762 | 733 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-18 | [General Updates](https://nsearchives.nseindia.com/corporate/BRACEPORT_18022026113530_NSE_intimation_signed.pdf) |
| 2026-02-17 | [Record Date](https://nsearchives.nseindia.com/corporate/BRACEPORT_17022026174346_RECORD_DATE.pdf) |
| 2026-02-17 | [Dividend](https://nsearchives.nseindia.com/corporate/BRACEPORT_17022026174120_OUTCOME.pdf) |
| 2026-02-17 | [Appointment](https://nsearchives.nseindia.com/corporate/BRACEPORT_17022026175258_OUTCOME.pdf) |
| 2026-02-17 | [Appointment](https://nsearchives.nseindia.com/corporate/BRACEPORT_17022026175540_OUTCOME.pdf) |
| 2026-02-09 | [Trading Window](https://nsearchives.nseindia.com/corporate/BRACEPORT_09022026165616_REVISED_INTIMATION.pdf) |
| 2015-08-06 | [Outcome of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=052CE41D_7D3F_4621_8FF0_600B101609BF_183757.pdf) |
| 2015-08-06 | [Outcome of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/8/052CE41D_7D3F_4621_8FF0_600B101609BF_183757.pdf) |
| 2015-07-22 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02BEB7D8_49A0_4D3B_B66C_DC74E7DA8820_105238.pdf) |
| 2015-07-22 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/7/02BEB7D8_49A0_4D3B_B66C_DC74E7DA8820_105238.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_28291_BRACEPORT_2024_2025_A_81164373_03092025170703.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/BRACEPORT_04122025130455_PRESENTATION.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/BRACEPORT_13112024145734_BPH1FY25_investorpresentation.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-03-05 | Credit rating update — CRISIL |
| 2025-03-05 | Credit rating update — CRISIL |
| 2014-04-16 | Credit rating update — India Ratings |
| 2013-07-22 | Credit rating update — India Ratings |

---

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 2026-10-13T10:58:43.131Z.