Mihika Industries
Mihika Industries (MIHIKA) share price was ₹11.11 at the 28 Oct 2026 close; market capitalisation ₹11.06 Cr; P/E (TTM) 158.71; sector Commercial Services. The share price fell 30.2% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 72.9% year on year to ₹0.45 Cr and net profit was ₹0.01 Cr, against ₹0.01 Cr a year earlier (compared with Jun 2025). Promoters held 47.14% of Mihika Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 34/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM
Peer Comparison
Services › Commercial Services › Trading & Distributors
| ₹349.70 | 16.07 | 27,339 Cr | 2.69 | 1.68% | 12.32% | 19.00% | 1,28,312 Cr | 1,504 Cr | |
| ₹51.57 | 17.31 | 7,736 Cr | 3.65 | 0.00% | 18.27% | 29.75% | 908 Cr | 447 Cr | |
| ₹564.65 | 16.96 | 3,975 Cr | 4.40 | 2.82% | 24.16% | 31.29% | 478 Cr | 234 Cr | |
| ₹1,172.70 | 23.91 | 1,761 Cr | 4.39 | 0.05% | 18.15% | 26.34% | 2,794 Cr | 74 Cr | |
| — | — | 1,104 Cr | 12.25 | 0.00% | -0.05% | 0.02% | 40 Cr | -0 Cr | |
| — | — | 810 Cr | 59.90 | 0.00% | 53.72% | 74.36% | 12 Cr | -2 Cr | |
| — | 158.71 | 11 Cr | 0.51 | 0.00% | 0.39% | 0.39% | 2 Cr | 0 Cr | |
| Median 7 companies | ₹457.17 | 17.31 | 1,761 Cr | 4.39 | 0.00% | 18.15% | 26.34% | 478 Cr | 74 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 98/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.54 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 0.38% over last 3 years.
- Company has high debtors of 214 days.
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -28.89% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | 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 | 0 | 0 | 6.2 | 0.08 | 6.34 | 0.55 | 27.77 | 1.66 | 0.35 | 0.22 | 0.45 | 0.45 |
| Expenses | 0.2 | 0.34 | 0.16 | 6.18 | 0.15 | 6.01 | 0.53 | 28.52 | 1.79 | 0.44 | 0.34 | 0.6 | 0.58 |
| Operating Profit | -0.2 | -0.34 | -0.16 | 0.02 | -0.07 | 0.33 | 0.02 | -0.75 | -0.13 | -0.09 | -0.12 | -0.15 | -0.13 |
| OPM % | — | — | — | 0.32% | -87.5% | 5.21% | 3.64% | -2.7% | -7.83% | -25.71% | -54.55% | -33.33% | -28.89% |
| Other Income | 0.23 | 0.25 | 0.13 | 0.27 | 0.26 | 0.26 | 0.27 | -0.2 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.03 | -0.09 | -0.03 | 0.29 | 0.19 | 0.59 | 0.29 | -0.95 | 0.02 | 0.06 | 0.02 | -0.01 | 0.01 |
| Tax % | 33.33% | 0% | 0% | 0% | 26.32% | 25.42% | 24.14% | -23.16% | 50% | 33.33% | 50% | -300% | 0% |
| Net Profit | 0.03 | -0.09 | -0.03 | 0.29 | 0.14 | 0.44 | 0.21 | -0.73 | 0.01 | 0.04 | 0.01 | 0.01 | 0.01 |
| EPS (₹) | 0.03 | -0.09 | -0.03 | 0.29 | 0.14 | 0.44 | 0.21 | -0.73 | 0.01 | 0.04 | 0.01 | 0.01 | 0.01 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.11 | 1.23 | 1.77 | 1.83 | 1.77 | 2.04 | 1.78 | 1.76 | 0 | 6.2 | 34.74 | 2.68 | 1.47 |
| Expenses | 1.66 | 1.9 | 3.14 | 3.26 | 3.42 | 3.45 | 3.21 | 3.2 | 4.45 | 6.89 | 35.23 | 3.17 | 1.96 |
| Operating Profit | -0.55 | -0.67 | -1.37 | -1.43 | -1.65 | -1.41 | -1.43 | -1.44 | -4.45 | -0.69 | -0.49 | -0.49 | -0.49 |
| OPM % | -49.55% | -54.47% | -77.4% | -78.14% | -93.22% | -69.12% | -80.34% | -81.82% | — | -11.13% | -1.41% | -18.28% | -33.33% |
| Other Income | 0.57 | 0.69 | 1.5 | 1.3 | 1.21 | 1.34 | 1.21 | 1.42 | 1.21 | 0.88 | 0.6 | 0.58 | 0.57 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.02 | 0.02 | 0.13 | -0.14 | -0.45 | -0.07 | -0.22 | -0.02 | -3.24 | 0.19 | 0.11 | 0.09 | 0.08 |
| Tax % | 0% | 50% | 15.38% | -28.57% | -22.22% | -28.57% | -27.27% | 0% | -25.62% | 10.53% | 54.55% | 0% | — |
| Net Profit | 0.02 | 0.01 | 0.11 | -0.09 | -0.35 | -0.05 | -0.16 | -0.02 | -2.42 | 0.18 | 0.05 | 0.09 | 0.07 |
| EPS (₹) | 0.02 | 0.01 | 0.11 | -0.09 | -0.35 | -0.05 | -0.16 | -0.02 | -2.42 | 0.18 | 0.05 | 0.09 | 0.07 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 14.74 | 14.75 | 14.74 | 14.64 | 14.29 | 14.25 | 14.09 | 14.07 | 11.65 | 11.83 | 11.88 | 11.97 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.16 | 0.16 |
| Other Liabilities | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.43 | 0.18 | 0.02 | 0.03 |
| Total Liabilities | 24.74 | 24.76 | 24.74 | 24.64 | 24.29 | 24.25 | 24.09 | 24.07 | 22.08 | 22.02 | 22.06 | 22.16 |
| Fixed Assets | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.29 | 0.92 | 0.43 | 0.93 | 0.81 | 0.04 | 0.04 | 0.12 | 0.33 | 0 | 0 | 0 |
| Other Assets | 23.45 | 23.83 | 24.3 | 23.7 | 23.48 | 24.21 | 24.05 | 23.95 | 21.75 | 22.02 | 22.06 | 22.16 |
| Total Assets | 24.74 | 24.76 | 24.74 | 24.64 | 24.29 | 24.25 | 24.09 | 24.07 | 22.08 | 22.02 | 22.06 | 22.16 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3.76 | 0.6 | -2.19 | 0.7 | -2.37 | -2.49 | -1.51 | 0.2 | 0.48 | -0.86 | 19.89 | -2.88 |
| Investing | -5.17 | -2.15 | 1.85 | 0.79 | 1.33 | 2.11 | 1.52 | -0.03 | -0.27 | 0.33 | -20.07 | 2.89 |
| Financing | 0.49 | 0.92 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.15 | 0 |
| Net Cash Flow | -0.92 | -0.63 | -0.35 | 1.49 | -1.04 | -0.38 | 0.02 | 0.17 | 0.21 | -0.53 | -0.02 | 0.01 |
| Free Cash Flow | 3.76 | 0.6 | -2.2 | 0.7 | -2.37 | -2.49 | -1.51 | 0.2 | 0.48 | -0.86 | 19.89 | -2.88 |
| CFO/OP | -684 | -90 | 158 | -51 | 144 | 177 | 106 | -14 | -13 | 123 | -4,065 | 588 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65.77 | 59.35 | 41.24 | 0 | 0 | 12.52 | 34.86 | 0 | — | 365 | 9.46 | 214 |
| Inventory Days | 6.46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 291 |
| Days Payable | 0 | — | — | — | — | — | — | — | — | — | — | 3.78 |
| Cash Conversion Cycle | 72.23 | 59.35 | 41.24 | 0 | 0 | 12.52 | 34.86 | 0 | — | 365 | 9.46 | 501 |
| Working Capital Days | 7,353 | 6,935 | 4,990 | 4,396 | 4,693 | 4,267 | 4,841 | 4,838 | — | 1,220 | 7.99 | 528 |
| ROCE % | -0.65% | 0% | -1.66% | -0.73% | -1.14% | -0.33% | -1.41% | -0.42% | -13.91% | 0.55% | 0.5% | 0.41% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY11–FY27.
Documents
Frequently Asked Questions about Mihika Industries
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Company Information
Incorporated in 1983, Mihika Industries Ltd does trading of commodities and fabrics.[1]
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