MI

Mahan Industries

531515 BSE
₹39.19 1.86 (4.98%)
Market Cap
₹17.64 Cr
P/E
10.51

Key Fundamentals

Microcap
Market Cap
₹17.64 Cr
P/E (TTM)
10.51
EBITDA
₹10.00 L
Return on Equity
0.89%
Debt to Equity
1.01
Book Value
₹11.57
EPS (TTM)
₹3.73
52W High
₹39.19
52W Low
₹8.30

Price-based figures as of 13 Oct 2026, 15:11 IST · EPS basis: Standalone · TTM

Tapetide Score

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

No Tapetide Score has been computed for this stock yet.

Key Insights

Strengths

2
  • Debtor days have improved from 541 to 75.6 days.
  • Company's working capital requirements have reduced from 610 days to 124 days

Weaknesses

5
  • Stock is trading at 2.53 times its book value
  • Promoter holding is low: 1.16%
  • Company has a low return on equity of -0.49% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.17 Cr.

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
5
Neutral
1
Bullish
3

Overall

BearishNeutralBullish

Bullish

Bearish
5
Neutral
1
Bullish
13

Moving Averages

BearishNeutralBullish

Bullish

Bearish
0
Neutral
0
Bullish
10

Growth Rate

Revenue Growth
182% higher than 3Y

change over 1 year

Net Income Growth
-100% lower than 3Y

change over 1 year

Cash Flow Change
125%

change over 1 year

EBITDA Margin Change
-266%

change over 1 year Operating margin -33.08% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.22
0.26
0.1
0.13
0.46
0.37
0.94
0.32
0.65
1.5
1.59
2.36
2.66
Expenses
0.22
0.23
0.08
0.13
0.38
0.35
0.94
0.51
0.56
1.46
1.97
2.13
3.54
Operating Profit
0
0.03
0.02
0
0.08
0.02
0
-0.19
0.09
0.04
-0.38
0.23
-0.88
OPM %
0%
11.54%
20%
0%
17.39%
5.41%
0%
-59.38%
13.85%
2.67%
-23.9%
9.75%
-33.08%
Other Income
0
0
0
-0.06
0
0
0
-0.01
0
0
0.13
0
3.04
Interest
0.01
0.01
0.01
0.01
0
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.03
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
-0.01
0.02
0.01
-0.07
0.08
0.01
-0.01
-0.21
0.08
0.02
-0.27
0.21
2.13
Tax %
0%
0%
0%
0%
25%
0%
0%
-9.52%
0%
0%
0%
0%
19.25%
Net Profit
-0.01
0.02
0.01
-0.07
0.06
0.01
-0.01
-0.19
0.08
0.02
-0.27
0.21
1.72
EPS (₹)
0
0.01
0
-0.02
0.02
0
-0.03
-0.42
0.18
0.04
-0.6
0.47
3.82
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1.33
0.19
0.16
0.02
0.46
0.69
0.33
0.72
1.17
0.71
2.17
6.23
8.11
Expenses
1.56
0.49
0.87
0.35
4.09
1.65
3.54
0.88
1.16
0.73
2.2
6.11
9.1
Operating Profit
-0.23
-0.3
-0.71
-0.33
-3.63
-0.96
-3.21
-0.16
0.01
-0.02
-0.03
0.12
-0.99
OPM %
-17.29%
-157.89%
-443.75%
-1650%
-789.13%
-139.13%
-972.73%
-22.22%
0.85%
-2.82%
-1.38%
1.93%
-12.21%
Other Income
0
0
0
0
0
0.07
0
0
0
0
-0.08
0
3.17
Interest
0.55
0.5
0.47
0
0
0
0
0
0.03
0.03
0.03
0.07
0.09
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
-0.78
-0.8
-1.18
-0.33
-3.63
-0.89
-3.21
-0.16
-0.02
-0.05
-0.14
0.05
2.09
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Net Profit
-0.78
-0.8
-1.18
-0.33
-3.63
-0.89
-3.22
-0.16
-0.02
-0.05
-0.14
0.05
1.68
EPS (₹)
-0.22
-0.22
-0.33
-0.09
-1.01
-0.25
-0.89
-0.04
-0.01
-0.01
-0.31
0.11
3.73
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
36
36
36
36
36
36
36
36
36
36
4.5
4.5
Reserves
-22.01
-22.82
-24.65
-24.98
-28.61
-29.5
-32.72
-32.88
-32.9
-32.95
0.66
0.71
Borrowings
4.35
4.34
3.06
3.21
0
0
0
0
3.48
3.47
3.47
5.27
Other Liabilities
0.03
0.49
0.53
0.51
3.44
2.83
2.82
3.42
0.08
0.06
0.11
0.48
Total Liabilities
18.37
18.01
14.94
14.74
10.83
9.33
6.1
6.54
6.66
6.58
8.74
10.96
Fixed Assets
0.07
0.07
0.07
0.07
0.07
0.07
0.06
0.06
0.06
0.06
0.06
0.06
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
10.81
10.27
7.46
7.42
4.1
3.28
1.42
0
0
0
0.32
0.91
Other Assets
7.49
7.67
7.41
7.25
6.66
5.98
4.62
6.48
6.6
6.52
8.36
9.99
Total Assets
18.37
18.01
14.94
14.74
10.83
9.33
6.1
6.54
6.66
6.58
8.74
10.96
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
11.96
-0.62
-0.81
-0.13
-0.85
0.09
-1.82
-0.65
-0.07
0.03
-1.93
0.49
Investing
-5.08
0.57
2.1
-0.02
0.69
0.51
-0.01
-0.01
-0.01
-0.01
-0.33
-2.27
Financing
-6.86
0.02
-1.28
0.15
0.18
-0.6
0.01
0.61
0.08
0
2.25
1.8
Net Cash Flow
0.02
-0.03
0
-0.01
0.01
0
-1.82
-0.04
0
0.02
-0.01
0.02
Free Cash Flow
11.96
-0.62
-0.81
-0.13
-0.85
0.09
-1.82
-0.65
-0.07
0.03
-1.93
0.49
CFO/OP
-5,200
207
114
39
23
-9
57
406
-700
-150
6,433
408
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
318
2,228
2,532
19,893
968
667
4,878
2,464
724
1,167
382
75.58
Inventory Days
62.13
1,251
—
1,338
160
24.33
94.19
79.64
57.17
193
59.8
81.18
Days Payable
2.59
1,095
—
1,046
15
6.08
11.77
0
21.99
53.68
14.44
29.04
Cash Conversion Cycle
378
2,385
2,532
20,185
1,113
685
4,960
2,543
759
1,307
427
128
Working Capital Days
-790
-5,917
-3,810
-35,953
-1,412
-772
1,936
836
767
1,275
431
124
ROCE %
-1.04%
-1.67%
-4.45%
-2.3%
-33.58%
-12.81%
-65.64%
-5%
0.21%
-0.31%
-0.4%
1.26%

Insights

Beta

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

Log in to view Mahan Industries insights

55 extracted metrics + investor summaries across FY07–FY27.

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Shareholding Pattern

Others56.47%Promot.1.16%Public42.37%As ofSep 2026

Documents

Frequently Asked Questions about Mahan Industries

What does Mahan Industries Ltd do?
IIncorporated in 1995, Mahan Industries Ltd provides financing and investment services[1]
Where is Mahan Industries Ltd (531515) listed?
Mahan Industries Ltd trades under code 531515 on the BSE.
Which sector does Mahan Industries Ltd belong to?
Mahan Industries Ltd is classified under the Services sector, in the Commercial Services & Supplies industry.
What is the market capitalisation of Mahan Industries Ltd?
Mahan Industries Ltd has a market capitalisation of ₹17.64 Cr as of 13 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Mahan Industries Ltd?
Mahan Industries Ltd trades at a PE ratio of 10.51 as of 13 Oct 2026, on earnings per share of ₹3.73, against a book value of ₹11.57 per share.
What is the 52-week high and low of Mahan Industries Ltd?
Over the last 52 weeks Mahan Industries Ltd has traded between ₹8.3 and ₹39.19 as of 13 Oct 2026.
What is the Return on Equity (ROE) of Mahan Industries Ltd?
Mahan Industries Ltd reported a return on equity of 0.89%. Its debt-to-equity ratio is 1.01.

Company Information

IIncorporated in 1995, Mahan Industries Ltd provides financing and investment services[1]

Website mahan.co.in
Listed 1996-03-11
Face Value ₹ 10
Shares Outstanding 45,00,402

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