---
title: "Mohindra Fasteners Ltd (531938) — Share Price, Financials & Analysis"
symbol: "531938"
company: "Mohindra Fasteners Ltd"
canonical: "https://tapetide.com/stocks/531938"
bse_code: "531938"
generated_at: "2026-10-13T11:01:25.471Z"
---

# Mohindra Fasteners Ltd (531938)

Canonical page: https://tapetide.com/stocks/531938

## Company

- **BSE Code:** 531938
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Mohindra Fasteners Limited manufactures and distributes fasteners. The Company offers products such as hexagon bolts, nuts, rivets, screws, parallel pins, plugs, and washers.

## Latest Price

## Key Insights

### Weaknesses

- Company has a low return on equity of 13.1% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 2% | -1% |
| revenue growth | 3% | -1% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 46.15 | 37.78 | 51.07 | 31.57 | 44.65 | 37.79 | 51.22 | 32.55 | 40.45 | 40.48 | 51.63 | 38.81 |
| Expenses | 39.95 | 32.24 | 41.81 | 27.65 | 38.23 | 32.27 | 43.37 | 29.02 | 34.09 | 34.42 | 46.05 | 34.64 |
| Operating Profit | 6.2 | 5.54 | 9.26 | 3.92 | 6.42 | 5.52 | 7.85 | 3.53 | 6.36 | 6.06 | 5.58 | 4.17 |
| OPM % | 13.43 | 14.66 | 18.13 | 12.42 | 14.38 | 14.61 | 15.33 | 10.84 | 15.72 | 14.97 | 10.81 | 10.74 |
| Other Income | 0.64 | 1.5 | 0.87 | 1.09 | 1.35 | 0.43 | 1.38 | 2.13 | 1.39 | 0.08 | 1.87 | 1.72 |
| Interest | 0.86 | 0.72 | 0.72 | 0.65 | 0.53 | 0.73 | 0.56 | 0.75 | 0.47 | 0.58 | 0.44 | 0.51 |
| Depreciation | 1.34 | 1.36 | 1.61 | 1.31 | 1.45 | 1.34 | 1.35 | 1.72 | 1.69 | 1.28 | 0.5 | 1.36 |
| Profit before tax | 4.64 | 4.96 | 7.8 | 3.05 | 5.79 | 3.88 | 7.32 | 3.19 | 5.59 | 4.28 | 6.51 | 4.02 |
| Tax % | 42.89 | 26.21 | 28.85 | 28.2 | 25.91 | 21.91 | 26.5 | 25.39 | 25.04 | 29.91 | 24.27 | 28.11 |
| Net Profit | 2.66 | 3.66 | 5.54 | 2.19 | 4.29 | 3.03 | 5.37 | 2.38 | 4.19 | 3 | 4.93 | 2.89 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 93 | 98 | 112 | 134 | 101 | 172 | 177 | 165 | 165 | 171 |
| Expenses | 83 | 88 | 100 | 117 | 87 | 149 | 151 | 142 | 144 | 149 |
| Operating Profit | 10 | 10 | 12 | 17 | 13 | 23 | 27 | 24 | 22 | 22 |
| OPM % | 11 | 11 | 11 | 12 | 13 | 13 | 15 | 14 | 13 | 13 |
| Other Income | 0 | 1 | 2 | 1 | 3 | 4 | 4 | 4 | 5 | 5 |
| Interest | 1 | 1 | 2 | 1 | 1 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 4 | 6 | 5 | 5 | 5 |
| Profit before tax | 7 | 8 | 9 | 12 | 12 | 20 | 22 | 20 | 20 | 20 |
| Tax % | 35 | 35 | 34 | 24 | 22 | 25 | 27 | 26 | 26 | — |
| Net Profit | 5 | 5 | 6 | 9 | 9 | 15 | 16 | 15 | 15 | 15 |
| Dividend Payout % | 24 | 24 | 22 | 18 | 20 | 0 | 0 | 0 | 18 | — |

### Balance Sheet

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | — | 6 | 6 | 6 |
| Reserves | 26 | 30 | 35 | 39 | 47 | 54 | — | 102 | 114 | 125 |
| Borrowings | 21 | 20 | 25 | 26 | 18 | 13 | — | 37 | 38 | 38 |
| Other Liabilities | 27 | 27 | 27 | 28 | 27 | 23 | — | 32 | 37 | 38 |
| Total Liabilities | 79 | 82 | 92 | 98 | 97 | 95 | — | 177 | 195 | 207 |
| Fixed Assets | 24 | 23 | 27 | 34 | 31 | 29 | — | 61 | 70 | 70 |
| CWIP | 3 | 5 | 9 | 0 | 0 | 0 | — | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | — | 2 | 2 | 0 |
| Other Assets | 52 | 55 | 56 | 65 | 65 | 66 | — | 114 | 123 | 136 |
| Total Assets | 79 | 82 | 92 | 98 | 97 | 95 | — | 177 | 195 | 207 |

### Cash Flow

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | — | — | — | — | 7 | 14 | 9 | -1 |
| Cash from Investing Activity | — | — | — | — | — | — | -20 | -3 | -12 | -1 |
| Cash from Financing Activity | — | — | — | — | — | — | 4 | -5 | -5 | -5 |
| Net Cash Flow | — | — | — | — | — | — | -8 | 6 | -7 | -7 |
| Free Cash Flow | — | — | — | — | — | — | -14 | 10 | -5 | -6 |
| CFO/OP | — | — | — | — | — | — | 48 | 71 | 62 | 19 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 63 | 79 | 75 | 73 | 71 | 49 | — | 79 | 85 | 85 |
| Inventory Days | 242 | 258 | 255 | 219 | 145 | 212 | — | 165 | 209 | 269 |
| Days Payable | 171 | 179 | 197 | 180 | 144 | 176 | — | 136 | 184 | 186 |
| Cash Conversion Cycle | 134 | 158 | 133 | 112 | 73 | 85 | — | 108 | 111 | 169 |
| Working Capital Days | 99 | 107 | 105 | 105 | 92 | 78 | — | 38 | 32 | 58 |
| ROCE % | 17 | 15 | 15 | 16 | 19 | 18 | — | — | 15 | 14 |

## 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 | 44.81% | 49.13% | 49.13% | 49.13% | 49.13% | 51.83% | 54.14% | 59.35% | 61.52% | 60.48% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5.69% | 3.7% |
| DIIs | 0.86% | 0.41% | 0.41% | 0.41% | 0.41% | 0.02% | 0.01% | 0.01% | 0.01% | 0.72% |
| Public | 54.33% | 50.46% | 50.46% | 50.46% | 50.46% | 48.15% | 45.86% | 40.63% | 32.78% | 35.09% |
| No. of Shareholders | 21094 | 21906 | 21156 | 20721 | 19935 | 20550 | 20490 | 20747 | 22295 | 22154 |

### 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 | 54.14% | 54.68% | 54.68% | 59.35% | 59.35% | 59.35% | 59.35% | 59.35% | 61.52% | 61.52% | 60.48% | 60.48% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 7.9% | 7.2% | 7.12% | 5.69% | 4.71% | 4.67% | 3.7% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.72% |
| Public | 45.86% | 45.31% | 45.31% | 40.63% | 40.63% | 32.74% | 33.44% | 33.52% | 32.78% | 33.77% | 34.83% | 35.09% |
| No. of Shareholders | 20490 | 20536 | 20452 | 20747 | 20747 | 21464 | 22546 | 22750 | 22295 | 22144 | 22464 | 22154 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-23 | [Investment In Subsidiary Company - Kinetic Watts And Volts Limited](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5b200f6-4899-471e-9e42-8996f30e141b.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b582cd7-75bc-4cdc-82f2-136bf15cd208.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb3f1647-c932-4640-9f62-e72835df0400.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb2b2380-3369-4845-bf1b-19e4e7c79589.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6c3128c-93d8-4f0b-892d-75ad5a59363b.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00434076-1627-4815-9a06-487b2b7030c9.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12091a75-4cde-46b7-876f-ad4d8af8e070.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4a8726a-f953-46b3-b5c4-d951b37260c7.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/606f0fbd-c403-461d-8238-513033def006.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/500240/76122500240.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/500240/71121500240.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/500240/67427500240.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/500240/5002400319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/500240/5002400318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/500240/5002400317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/500240/5002400316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b582cd7-75bc-4cdc-82f2-136bf15cd208.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d64f589c-c7d0-40d2-9b7f-9d10fff94860.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72e3b174-4e4c-4bc6-b4ad-2db9e2c29d1c.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25b473bc-109c-44a2-a329-6b263239d2e9.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-29 | Credit rating update — ICRA |
| 2025-08-19 | Credit rating update — CRISIL |
| 2024-10-24 | Credit rating update — ICRA |
| 2024-07-11 | Credit rating update — ICRA |
| 2024-05-28 | Credit rating update — CRISIL |
| 2024-05-08 | Credit rating update — CRISIL |
| 2024-01-05 | Credit rating update — ICRA |
| 2023-04-06 | Credit rating update — ICRA |
| 2023-03-15 | Credit rating update — CRISIL |
| 2022-09-29 | Credit rating update — ICRA |

---

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 2026-10-13T11:01:25.471Z.