---
title: "Madhumilan Fincorp Ltd (526855) — Share Price, Financials & Analysis"
symbol: "526855"
company: "Madhumilan Fincorp Ltd"
canonical: "https://tapetide.com/stocks/526855"
bse_code: "526855"
generated_at: "2026-10-13T11:00:55.069Z"
---

# Madhumilan Fincorp Ltd (526855)

Canonical page: https://tapetide.com/stocks/526855

## Company

- **BSE Code:** 526855
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 0% | 0% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 56 | 74 | 124 | 188 | 140 | 142 | 85 | 89 | 109 | 77 | 53 | 80 |
| Expenses | 48 | 73 | 113 | 149 | 136 | 124 | 88 | 88 | 107 | 70 | 53 | 77 |
| Operating Profit | 8 | 1 | 11 | 39 | 4 | 18 | -3 | 1 | 1 | 7 | 1 | 2 |
| OPM % | 14 | 1 | 9 | 21 | 3 | 13 | -3 | 1 | 1 | 9 | 2 | 3 |
| Other Income | 8 | 4 | 23 | 4 | 10 | 4 | 13 | 5 | 9 | 12 | 17 | 37 |
| Interest | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 15 | 3 | 33 | 41 | 11 | 20 | 7 | 4 | 8 | 17 | 16 | 37 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 8 | -11 | -3 | 0 | 7 | 0 |
| Net Profit | 15 | 3 | 33 | 41 | 11 | 20 | 7 | 4 | 8 | 17 | 14 | 37 |
| EPS in Rs | 4.37 | 0.95 | 9.71 | 12.07 | 3.34 | 5.99 | 1.99 | 1.17 | 2.3 | 4.89 | 4.27 | 10.82 |

### Profit & Loss

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

| Item | Mar 2007 | Mar 2008 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 1.69 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Operating Profit | -1.69 | 0 | -0.01 | -0.01 | -0.01 | -0.01 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.22 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -1.91 | 0 | -0.01 | -0.01 | -0.01 | -0.01 |
| Tax % | 1.05 | — | 0 | 0 | 0 | 0 |
| Net Profit | -1.93 | 0 | -0.01 | -0.01 | -0.01 | -0.01 |
| Dividend Payout % | 0 | — | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12.08 | 12.08 | 12.08 | 12.08 | 12.08 | 12.08 |
| Reserves | -12.08 | -12.08 | -12.09 | -12.1 | -12.11 | -12.12 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0.01 | 0.02 | 0.03 | 0.04 |
| Total Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 0 | 0 | 0 | 0 | 0 | 0 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2.13 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing Activity | 2.13 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -1.56 | 0 | 0 | 0 | 0 | 0 |
| CFO/OP | 126 | — | 0 | 0 | 0 | 0 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 122 | 75 | 371 | 595 | 2109 | 299 | 203 | 99 | 173 |
| Inventory Days | — | 121 | 21 | 83 | 175 | 610 | 61 | 27 | 18 | 24 |
| Days Payable | — | 63 | 81 | 752 | 1789 | 6450 | 9 | 21 | 3 | 6 |
| Cash Conversion Cycle | — | 180 | 15 | -298 | -1019 | -3731 | 351 | 210 | 114 | 191 |
| Working Capital Days | — | 57 | -86 | -2147 | -4069 | -17262 | 391 | 234 | 169 | 354 |
| ROCE % | 10 | 10 | -71 | -184 | -33 | -43 | 26 | 14 | 26 | 8 |

## 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 | 51.96% | 51.96% | 51.96% | 51.96% | 51.96% | 100% | 100% | 100% | 100% | 100% |
| DIIs | 0.13% | 0.15% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 47.91% | 47.89% | 48.04% | 48.04% | 48.04% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 27186 | 29650 | 28631 | 28989 | 29057 | 7 | 7 | 7 | 7 | 7 |

### 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 | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| No. of Shareholders | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |

## 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) | 120.17 | Sell |
| EMA (10) | 119.79 | Sell |
| SMA (20) | 123.36 | Sell |
| EMA (20) | 122.02 | Sell |
| SMA (50) | 125.69 | Sell |
| EMA (50) | 125.61 | Sell |
| SMA (100) | 129.79 | Sell |
| EMA (100) | 130.64 | Sell |
| SMA (200) | 141.25 | Sell |
| EMA (200) | 143.96 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.14 | Neutral |
| MACD (12,26,9) | -2.55 | Sell |
| Stochastic (14,3,3) | 23.7 | Neutral |
| ADX (14) | 11.48 | Neutral |
| Williams %R (14) | -76.95 | Neutral |
| ATR (14) | 5.69 | High Volatility |
| ROC (12) | -5.99 | Sell |
| Stoch RSI (14) | 23.95 | Neutral |
| UO (7,14,28) | 40.42 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67eb7a0e-5981-464f-87f3-09a5f0f979fa.pdf) |
| 2026-02-11 | [Outcome Of Board Meeting Held On February 11, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa4a75e9-d92d-4942-98b2-2b0fc0a1c6bc.pdf) |
| 2026-02-11 | [Financial Results_December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f37964a6-7dcb-498b-9c0e-599d31a55544.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d05163d6-ef0e-4957-b0a5-93a3bcc53077.pdf) |
| 2026-02-05 | [Board Meeting Intimation for Intimation Of Board Meeting For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35e69ccf-6fc0-40ce-b30f-a86d1d3f3bd1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/500139/5001390318.pdf) |
| 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport//5001390318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/500139/5001390317.pdf) |
| 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport//5001390317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/500139/5001390316.pdf) |
| 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport//5001390316.pdf) |
| Jun 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/500139/5001390615.pdf) |
| 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport//5001390615.pdf) |
| Jun 2014 | [Financial Year 2014](https://www.bseindia.com/bseplus/AnnualReport/500139/5001390614.pdf) |
| 2014 | [Financial Year 2014](https://www.bseindia.com/bseplus/AnnualReport//5001390614.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-03-11 | Credit rating update — CARE Ratings |
| 2023-12-22 | Credit rating update — CARE Ratings |
| 2022-10-10 | Credit rating update — CARE Ratings |
| 2021-07-13 | Credit rating update — CARE Ratings |
| 2020-05-06 | Credit rating update — CARE Ratings |
| 2018-12-14 | Credit rating update — CARE Ratings |

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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 2026-10-13T11:00:55.069Z.