---
title: "MPF Systems Ltd (532470) — Share Price, Financials & Analysis"
symbol: "532470"
company: "MPF Systems Ltd"
canonical: "https://tapetide.com/stocks/532470"
bse_code: "532470"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T11:00:43.064Z"
---

# MPF Systems Ltd (532470)

Canonical page: https://tapetide.com/stocks/532470

## Company

- **BSE Code:** 532470
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mpfsl.co.in, mpfsl.co.in

## About

Incorporated in 1993, MPF Systems Ltd 
deals in various types of green energies.[1]

## Latest Price

- **Price:** ₹10.77
- **Change:** +0.51 (+4.97%)
- **Open:** ₹10.77
- **Day High:** ₹10.77
- **Day Low:** ₹10.77
- **Previous Close:** ₹10.26
- **Volume:** 5
- **As Of:** 2026-10-13T11:00:36+00:00

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Company might be capitalizing the interest cost
- Company has high debtors of 365 days.
- Working capital days have increased from -3,481 days to 339 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 351% | 255% | 84% |
| revenue growth | — | 663% | — |

## 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 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.45 | 0 |
| Expenses | 0.1 | 0.08 | 0.1 | 0.13 | 0.11 | 0.59 | 0.3 | 0.13 | 0.04 | 0.05 | 0.05 | 0.12 |
| Operating Profit | -0.04 | -0.08 | -0.1 | -0.13 | -0.11 | -0.59 | -0.3 | -0.13 | -0.04 | -0.05 | 4.4 | -0.12 |
| OPM % | -66.67 | — | — | — | — | — | — | — | — | — | 98.88 | — |
| Other Income | 0.01 | 0.24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 |
| Interest | 0.01 | 0 | 0 | 0 | 0 | 0.56 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.04 | 0.16 | -0.1 | -0.13 | -0.11 | -1.15 | -0.3 | -0.13 | -0.04 | -0.05 | 4.4 | -0.07 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.04 | 0.16 | -0.1 | -0.13 | -0.11 | -1.15 | -0.3 | -0.13 | -0.04 | -0.05 | 4.4 | -0.07 |
| EPS in Rs | -2.35 | 9.41 | -5.88 | -7.64 | -6.47 | -100.61 | -26.25 | -11.37 | -3.5 | -4.37 | 384.95 | -6.12 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | -0.01 | -0.01 | -0.01 | 0.1 | 0.01 | 0.07 | 0 | 4.45 | 4.45 |
| Expenses | 0.12 | 0.18 | 0.12 | 0.14 | 0.24 | 0.12 | 0.27 | 1.14 | 0.26 | 0.26 |
| Operating Profit | -0.12 | -0.19 | -0.13 | -0.15 | -0.14 | -0.11 | -0.2 | -1.14 | 4.19 | 4.19 |
| OPM % | — | — | — | — | -140 | -1100 | -285.71 | — | 94.16 | 94.16 |
| Other Income | 0 | 0 | 0 | 0 | 0.06 | 0.08 | 0.26 | 0 | 0 | 0.05 |
| Interest | 0 | 0 | 0 | 0.05 | 0.05 | 0.06 | 0.1 | 0.56 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.12 | -0.19 | -0.13 | -0.2 | -0.13 | -0.09 | -0.04 | -1.7 | 4.19 | 4.24 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.59 | — |
| Net Profit | -0.12 | -0.19 | -0.13 | -0.2 | -0.13 | -0.09 | -0.04 | -1.7 | 3.83 | 4.24 |
| EPS in Rs | -7.05 | -11.17 | -7.64 | -11.76 | -7.64 | -5.29 | -2.35 | -148.73 | 335.08 | 370.96 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 2.72 | 2.72 |
| Reserves | -0.52 | -0.64 | -0.83 | -0.96 | -1.16 | -1.3 | -1.39 | -1.42 | -3.07 | 0.76 |
| Borrowings | 0 | 0 | 0 | 0 | 0.91 | 1.06 | 1.21 | 1.22 | 2.6 | 2.67 |
| Other Liabilities | 0.39 | 0.51 | 0.7 | 0.84 | 0.13 | 0.11 | 0.04 | 0.17 | 0.12 | 0.4 |
| Total Liabilities | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.14 | 2.37 | 6.55 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.14 | 2.37 | 6.55 |
| Total Assets | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.14 | 2.37 | 6.55 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.01 | -0.01 | 0 | 0.01 | 0 | -0.12 | -0.15 | 0.1 | -3.19 | 2.34 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | -0.01 | 0 | 0.01 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0.15 | 0.15 | 0.01 | 3.37 | -1.93 |
| Net Cash Flow | 0.01 | -0.01 | 0 | 0.01 | -0.01 | 0.02 | -0.01 | 0.12 | 0.18 | 0.41 |
| Free Cash Flow | 0.01 | -0.01 | 0 | 0.01 | 0 | -0.12 | -0.15 | 0.1 | -3.19 | 2.34 |
| CFO/OP | -6 | 8 | 0 | -8 | 0 | 100 | 136 | -50 | 280 | 47 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | — | — | 0 | 0 | 0 | — | 365 |
| Cash Conversion Cycle | — | — | — | — | — | 0 | 0 | 0 | — | 365 |
| Working Capital Days | — | — | — | — | — | -4270.5 | -45625 | -7300 | — | 338.75 |
| ROCE % | — | — | — | — | — | — | — | — | -102.7 | 99.76 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.52% | 55.52% | 56.32% | 56.32% | 56.32% | 56.32% | 32.81% | 32.81% | 0% | 70% | 70% |
| DIIs | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.05% | 0% | 0% |
| Public | 43.94% | 43.94% | 43.14% | 43.14% | 43.14% | 43.14% | 66.65% | 66.65% | 99.94% | 30% | 30% |
| No. of Shareholders | 25693 | 25667 | 18033 | 17997 | 17934 | 17821 | 17769 | 17695 | 17583 | 17588 | 17588 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 32.81% | 32.81% | 32.81% | 32.81% | 32.81% | 0% | 0% | 0% | 32.81% | 32.81% | 70% | 70% |
| DIIs | 0.54% | 0.54% | 0.54% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0% | 0% |
| Public | 66.66% | 66.66% | 66.65% | 67.15% | 67.16% | 99.94% | 99.94% | 99.94% | 67.16% | 67.16% | 30% | 30% |
| No. of Shareholders | 17742 | 17746 | 17695 | 17648 | 17600 | 17583 | 17583 | 17581 | 17584 | 17584 | 17588 | 17588 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 1 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 49.42 | Sell |
| EMA (10) | 36.14 | Sell |
| SMA (20) | 70.7 | Sell |
| EMA (20) | 53.59 | Sell |
| SMA (50) | 56.45 | Sell |
| EMA (50) | 53.82 | Sell |
| SMA (100) | 35 | Sell |
| EMA (100) | 41.74 | Sell |
| SMA (200) | 21.25 | Sell |
| EMA (200) | 28.65 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 14.48 | Buy |
| MACD (12,26,9) | -14.74 | Sell |
| Stochastic (14,3,3) | 0.41 | Buy |
| ADX (14) | 90.98 | Buy |
| Williams %R (14) | -99.44 | Buy |
| ATR (14) | 5.81 | High Volatility |
| ROC (12) | -96.71 | Sell |
| Stoch RSI (14) | 0.58 | Buy |
| UO (7,14,28) | 5.88 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-03 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34ab1464-037f-4a1a-b9ce-6c1a47b141a3.pdf) |
| 2026-09-19 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc542b98-8cc8-4e60-a02d-3c8bf0363a3b.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca0d3c0e-b087-44a8-a77a-86be12604be3.pdf) |
| 2026-09-05 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Saturday, 05Th September, 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=211f20ca-2bcb-4252-b944-14f954c66f15.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba9ee383-a609-4c6a-8be4-0dc752b95aa0.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5941a4ee-fe1c-4bbf-8096-66e3a5cbb1e8.pdf) |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9b1c9ad-c16a-4646-8d51-05db95fbc817.pdf) |
| 2026-07-29 | [Results- Financial Results For June 30, 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ff4cbe0-7bd5-4d1d-8686-fcc731116704.pdf) |
| 2026-07-29 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Wednesday, 29Th July, 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0c83904-98d0-4508-b0f2-4b3389d81a1a.pdf) |
| 2026-07-18 | [Board Meeting Intimation for The Board Meeting To Be Held On Wednesday, 29Th July, 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba59067b-15d3-4934-aedf-07f27c5d565b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58656131-9f61-4c91-bc1c-2846bee3e3ad.pdf) |
| 2026 | [Annual Report 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58656131-9f61-4c91-bc1c-2846bee3e3ad.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f26ec2d5-2b01-4e37-a0a5-ccf37059bcc0.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25c178cf-9a69-4104-87e9-39f3673f89b6.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a7b99a4-8d2c-4185-b2cb-bdefef264681.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/532470/77106532470.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/532470/72433532470.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/532470/66249532470_26_09_20.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/532470/5324700319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/532470/5324700318.pdf) |

---

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 2026-10-13T11:00:43.064Z.