---
title: "Pact Industries Ltd (538963) — Share Price, Financials & Analysis"
symbol: "538963"
company: "Pact Industries Ltd"
canonical: "https://tapetide.com/stocks/538963"
isin: "INE494K01024"
bse_code: "538963"
sector: "Commodities"
industry: "Metals & Minerals Trading"
generated_at: "2026-09-13T18:58:22.416Z"
---

# Pact Industries Ltd (538963)

Canonical page: https://tapetide.com/stocks/538963

## Company

- **BSE Code:** 538963
- **ISIN:** INE494K01024
- **Sector:** Commodities
- **Industry:** Metals & Minerals Trading
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2015-03-03
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** pactindustries.com

## About

Incorporated in 1993, Pact Industries Ltd manufactures and trades agriculture equipment and agriculture instrument

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -68.4% over past five years.
- Company has high debtors of 12,859 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 87% | 11% | — |
| revenue growth | -89% | -82% | -68% |

## 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 | 0.85 | 0.15 | 0.72 | 0.02 | 0.03 | 1.52 | 0.06 | 0.09 | 0.08 | 0 | 0.04 | 0.07 |
| Expenses | 4.21 | 0.12 | 0.91 | 0.05 | 0.06 | 1.53 | 4.85 | 1.23 | 0.03 | 1.06 | -0.46 | 0.23 |
| Operating Profit | -3.36 | 0.03 | -0.19 | -0.03 | -0.03 | -0.01 | -4.79 | -1.14 | 0.05 | -1.06 | 0.5 | -0.16 |
| OPM % | -395.29 | 20 | -26.39 | -150 | -100 | -0.66 | -7983.33 | -1266.67 | 62.5 | — | 1250 | -228.57 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0 | 0.06 | 0.03 | 0.03 |
| Profit before tax | -3.39 | 0 | -0.22 | -0.06 | -0.06 | -0.05 | -4.79 | -1.17 | 0.05 | -1.12 | 0.47 | -0.19 |
| Tax % | 0 | — | -113.64 | 0 | 50 | 60 | 0.21 | -5.13 | 60 | 0 | -12.77 | 0 |
| Net Profit | -3.39 | 0 | 0.03 | -0.06 | -0.09 | -0.08 | -4.79 | -1.11 | 0.01 | -1.12 | 0.53 | -0.19 |
| EPS in Rs | -0.61 | 0 | 0.01 | -0.01 | -0.02 | -0.01 | -0.86 | -0.2 | 0 | -0.2 | 0.1 | -0.03 |

### 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 | 57.11 | 54.85 | 36.04 | 41.42 | 28.3 | 22.94 | 6.5 | 1.67 | 0.13 | 0.19 |
| Expenses | 55.28 | 54.65 | 35.86 | 40.32 | 27.62 | 22.35 | 11.78 | 6.3 | 0.67 | 0.86 |
| Operating Profit | 1.83 | 0.2 | 0.18 | 1.1 | 0.68 | 0.59 | -5.28 | -4.63 | -0.54 | -0.67 |
| OPM % | 3.2 | 0.36 | 0.5 | 2.66 | 2.4 | 2.57 | -81.23 | -277.25 | -415.38 | -352.63 |
| Other Income | 0.54 | 1.23 | 0.75 | 0.05 | 0.38 | 0.04 | 0 | -0.2 | 0 | 0 |
| Interest | 1.4 | 0.96 | 0.55 | 0.67 | 0.76 | 1.22 | 0 | 0 | 0 | 0 |
| Depreciation | 0.57 | 0.2 | 0.21 | 0.18 | 0.21 | 0.21 | 0.13 | 0.13 | 0.13 | 0.12 |
| Profit before tax | 0.4 | 0.27 | 0.17 | 0.3 | 0.09 | -0.8 | -5.41 | -4.96 | -0.67 | -0.79 |
| Tax % | 30 | -29.63 | 11.76 | 13.33 | 55.56 | 28.75 | -4.62 | 1.41 | -4.48 | — |
| Net Profit | 0.28 | 0.35 | 0.16 | 0.27 | 0.05 | -1.03 | -5.16 | -5.02 | -0.64 | -0.77 |
| EPS in Rs | 0.06 | 0.06 | 0.03 | 0.05 | 0.01 | -0.19 | -0.93 | -0.91 | -0.12 | -0.13 |
| 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 | 4.94 | 4.94 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 | 5.54 |
| Reserves | 4.78 | 5.66 | 3.54 | 3.7 | 3.96 | 2.91 | 1.9 | -3.26 | -8.28 | -8.92 |
| Borrowings | 13.99 | 13.26 | 4.61 | 6.78 | 9.74 | 10.95 | 11.33 | 11.31 | 10.8 | 10.77 |
| Other Liabilities | 3.63 | 11.55 | 10.56 | 6.2 | 3.16 | 1.49 | 5.18 | 0.23 | 0.22 | 0.1 |
| Total Liabilities | 27.34 | 35.41 | 24.25 | 22.22 | 22.4 | 20.89 | 23.95 | 13.82 | 8.28 | 7.49 |
| Fixed Assets | 8.49 | 8.96 | 1.17 | 1.31 | 2.96 | 1.71 | 1.56 | 1.43 | 1.3 | 1.17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18.84 | 26.44 | 23.07 | 20.91 | 19.44 | 19.18 | 22.39 | 12.39 | 6.98 | 6.32 |
| Total Assets | 27.34 | 35.41 | 24.25 | 22.22 | 22.4 | 20.89 | 23.95 | 13.82 | 8.28 | 7.49 |

### 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 | 1.53 | 2.49 | 0 | 3.37 | -2.35 | -0.63 | 1.04 | -0.16 | -0.76 | -0.01 |
| Cash from Investing Activity | -0.03 | -0.48 | 0 | -0.68 | -2.05 | 0.89 | -0.07 | 0 | 0.83 | 0 |
| Cash from Financing Activity | -1.64 | -2.17 | 0 | -0.55 | 1.97 | -0.36 | -0.83 | -0.01 | 0 | 0 |
| Net Cash Flow | -0.14 | -0.17 | 0 | 2.14 | -2.43 | -0.11 | 0.14 | -0.17 | 0.07 | -0.01 |
| Free Cash Flow | 1.53 | 2.02 | 0 | 3.23 | -4.09 | -0.61 | 1.05 | -0.16 | -0.76 | -0.01 |
| CFO/OP | 77 | 145 | 0 | 1906 | -212 | -96 | 176 | 3 | 16 | 2 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 17.73 | 47.36 | 62.35 | 110.59 | 92.62 | 127.43 | 219.25 | 517.74 | 1038.17 | 12859.23 |
| Inventory Days | 121.75 | — | 57.27 | 61.19 | 72.12 | 115.88 | 125.39 | 71.1 | 366.83 | 1020.65 |
| Days Payable | 24.84 | — | 40.21 | 43.2 | 24.3 | 17.94 | 77.1 | 0 | 0 | 0 |
| Cash Conversion Cycle | 114.64 | 47.36 | 79.42 | 128.59 | 140.44 | 225.37 | 267.55 | 588.84 | 1405.01 | 13879.88 |
| Working Capital Days | 23.55 | 25.69 | 48.31 | 46.89 | 71.47 | 114.79 | 129.52 | 26.95 | -893.92 | -12999.62 |
| ROCE % | 8.36 | 7.57 | 6.55 | 4.78 | 5.5 | 4.4 | 2.2 | -33.44 | -43.97 | -8.67 |

## 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 | 65.31% | 65.32% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% |
| DIIs | 0% | 0% | 0.01% | 0.01% | 0.01% | 0.01% | 0% | 0% | 0% | 0% | 0% |
| Public | 34.69% | 34.68% | 33.63% | 33.63% | 33.63% | 33.63% | 33.64% | 33.64% | 33.64% | 33.63% | 33.63% |
| No. of Shareholders | 4300 | 4432 | 4393 | 4391 | 4394 | 4506 | 4565 | 4557 | 4557 | 4555 | 4556 |

### 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 | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% | 66.37% |
| Public | 33.64% | 33.64% | 33.64% | 33.64% | 33.64% | 33.64% | 33.64% | 33.64% | 33.64% | 33.63% | 33.63% | 33.63% |
| No. of Shareholders | 4564 | 4559 | 4557 | 4557 | 4557 | 4557 | 4557 | 4557 | 4557 | 4556 | 4555 | 4556 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.35 | Buy |
| EMA (10) | 1.35 | Buy |
| SMA (20) | 1.39 | Sell |
| EMA (20) | 1.41 | Sell |
| SMA (50) | 1.69 | Sell |
| EMA (50) | 1.67 | Sell |
| SMA (100) | 2.1 | Sell |
| EMA (100) | 1.91 | Sell |
| SMA (200) | 2.04 | Sell |
| EMA (200) | 2.31 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.38 | Neutral |
| MACD (12,26,9) | -0.11 | Buy |
| Stochastic (14,3,3) | 35.29 | Neutral |
| ADX (14) | 44.25 | Buy |
| Williams %R (14) | -29.41 | Neutral |
| ATR (14) | 0.04 | Neutral |
| ROC (12) | -2.86 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 41.59 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Board Meeting Outcome for Outcome Of BM Dated 07.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54ed65df-b3ce-4a23-baec-4e18e922073c.pdf) |
| 2026-09-07 | [Notice Convening 33Rd Annual General Meeting Held On 30.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0584a69b-c195-4e1b-a073-32c4fe3f8ddd.pdf) |
| 2026-09-07 | [Intimation Of Book Closure Cut-Off Date And E-Voting For The Purpose Of 33Rd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1e33bc6-eeb3-44f2-898a-92df92a7eb78.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29d64e03-403a-48ca-bede-df431ce49c12.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=507034c3-ac0e-4311-a9a9-b188783f5cbd.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca5e85ef-982b-4858-ab1d-c8ce45bbd035.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbfc3206-48ac-4c57-afc0-1cae0f6c448d.pdf) |
| 2026-08-14 | [Unaudited Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4db042e-7a07-44a6-88e6-b919a2e16b98.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2cf54cb-ade1-4188-a7cc-fad09213d335.pdf) |
| 2026-08-11 | [Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48a7c792-365c-46a4-9520-75fe3e659095.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan - Confirmation certificate under Reg 74(5) from RTA for quarter ended 31 Dec 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Confirmation certificate under Reg 74(5) from RTA for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1384ed18-c1c1-4b22-b9f4-145a4afdc449.pdf) |
| 5 February 2026 - Acuite assigned/upgraded ratings for bank facilities totaling Rs.251.00 crore (LT A- / ST A2+ for various limits). | [Credit Rating 5 February 2026 - Acuite assigned/upgraded ratings for bank facilities totaling Rs.251.00 crore (LT A- / ST A2+ for various limits).](https://nsearchives.nseindia.com/corporate/MWL_05022026161003_MWL_Credit_Rating_Sign.pdf) |
| 31 Jan - Board meeting Feb 14, 2026 to approve unaudited results for quarter and nine months ended Dec 31, 2025. | [Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 31.12.2025 31 Jan - Board meeting Feb 14, 2026 to approve unaudited results for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9763e5d-f47e-4456-8822-a3986c92d506.pdf) |
| 3 March 2026 - Acuite reaffirmed bank ratings totalling Rs251 Cr; provisional ACUITE A+ assigned to Rs100 Cr NCD. | [Credit Rating 3 March 2026 - Acuite reaffirmed bank ratings totalling Rs251 Cr; provisional ACUITE A+ assigned to Rs100 Cr NCD.](https://nsearchives.nseindia.com/corporate/MWL_03032026185823_INTIMATION_LETTER_WITH_ANNEX_S.pdf) |
| 24 February 2026 - Board approved private placement of NCDs up to Rs100 crore; Debentures Committee constituted (24 Feb 2026). | [Outcome of Board Meeting 24 February 2026 - Board approved private placement of NCDs up to Rs100 crore; Debentures Committee constituted (24 Feb 2026).](https://nsearchives.nseindia.com/corporate/MWL_24022026161853_OUTCOMEBM24022026.pdf) |
| 21 Feb - Newspaper Publication for Unaudited Financial results for the quarter and nine months ended 31.12.2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Feb - Newspaper Publication for Unaudited Financial results for the quarter and nine months ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/038181dd-59d8-417c-9bc9-fa212ad0e26e.pdf) |
| 20 January 2026 - Newspaper publication of standalone and consolidated results for quarter and nine months ended 31 Dec 2025 (published Jan 19, 2026). | [Copy of Newspaper Publication 20 January 2026 - Newspaper publication of standalone and consolidated results for quarter and nine months ended 31 Dec 2025 (published Jan 19, 2026).](https://nsearchives.nseindia.com/corporate/MWL_20012026141921_News_Paper_Publication_FS.pdf) |
| 17 January 2026 - Q3 FY26 PAT ₹14.03 crore (up 75% YoY); revenue ₹350.56 crore; 10.4 MW solar at Halol. | [Press Release 17 January 2026 - Q3 FY26 PAT ₹14.03 crore (up 75% YoY); revenue ₹350.56 crore; 10.4 MW solar at Halol.](https://nsearchives.nseindia.com/corporate/MWL_17012026172602_PR_Q3FY26_S.pdf) |
| 17 January 2026 - Mangalam Worldwide Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025. | [Outcome of Board Meeting 17 January 2026 - Mangalam Worldwide Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.](https://nsearchives.nseindia.com/corporate/MWL_17012026161058_Outcome_BM_17012026_S.pdf) |
| 17 January 2026 - Approved unaudited Q3/9M results; approved 10.4 MW DC solar at Halol, 25-year land lease. | [Outcome of Board Meeting 17 January 2026 - Approved unaudited Q3/9M results; approved 10.4 MW DC solar at Halol, 25-year land lease.](https://nsearchives.nseindia.com/corporate/MWL_17012026194010_Outcome_BM_17012026-Revised.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2024 | [Concall - Sep 2024](https://nsearchives.nseindia.com/corporate/MWL_23092024191039_Q1FY25InvestorPresentation_23092024.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://nsearchives.nseindia.com/corporate/MWL_23102023161300_MWL_TRASCRIPT_CONCALL.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/MWL_08112024181127_IPQ2FY25.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/MWL_08052025141713_InvestorPresentation_Q4FY25_08052025_S.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/MWL_10062024185904_InvestorsPresentation_10062024.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/MWL_01022025123444_NSEINVESTORPRESENTATIONSIGNED.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/MWL_07122023124715_InvestorPresentation07122023.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/MWL_08122023140740_Revised_Investor_Presentation_08122023.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26882_MWL_2024_2025_A_12072025193819.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24724_MWL_2023_2024_30072024175721.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22045_MWL_2022_2023_21062023161703_06212023170001.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20944_MWL_2021_2022_29082022194927_08292022200005.zip) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae988f12-5082-438b-bc9d-71033d2e1a8b.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/538963/75386538963.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/538963/70476538963.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/538963/67675538963.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/538963/5389630319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/538963/5389630318.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 2026-09-13T18:58:22.416Z.