Mewar Hi-Tech Engineering
Mewar Hi-Tech Engineering (MHEL) share price was ₹63.66 at the 9 Oct 2026 close; sector Construction. The share price fell 5.2% over the year to 9 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue fell 5.9% year on year to ₹31.49 Cr and net profit fell 78.2% year on year to ₹0.62 Cr (compared with Mar 2025). Promoters held 56.01% of Mewar Hi-Tech Engineering in Sep 2026, down 0.31 percentage points from Mar 2026.
Key Fundamentals
SMEConstructionIndustrialsPrice-based figures · TTM
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,805.90 | 29.31 | 5,23,652 Cr | 4.63 | 1.04% | 14.91% | 16.35% | 3,08,675 Cr | 20,895 Cr | |
| ₹184.58 | 42.83 | 38,485 Cr | 3.92 | 0.94% | 8.87% | 10.98% | 21,603 Cr | 897 Cr | |
| ₹1,337.40 | 20.09 | 22,839 Cr | 2.94 | 0.84% | 13.33% | 20.51% | 27,612 Cr | 1,129 Cr | |
| ₹1,238.80 | 35.36 | 21,281 Cr | 6.01 | 0.25% | 24.91% | 40.04% | 10,372 Cr | 602 Cr | |
| ₹16.20 | 20.51 | 19,566 Cr | 0.91 | 0.32% | 4.06% | 5.97% | 7,862 Cr | 954 Cr | |
| ₹69.39 | 25.32 | 18,735 Cr | 6.21 | 0.21% | 23.09% | 29.73% | 13,132 Cr | 766 Cr | |
| ₹265.15 | 18.99 | 14,903 Cr | 4.74 | 2.00% | 21.99% | 28.08% | 4,197 Cr | 784 Cr | |
| — | — | 25 Cr | 1.99 | 0.00% | 7.02% | 19.52% | — | — | |
| Median 8 companies | ₹265.15 | 25.32 | 20,424 Cr | 4.28 | 0.58% | 14.12% | 20.02% | 13,132 Cr | 897 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.
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.39% over past five years.
Technical Indicators
Oscillators
Bearish
Overall
Bullish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 8.8% · Mar 2026
Quarterly Results
| Particulars | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.02 | 17.17 | 29.18 | 15.79 | 17.39 | 20.83 | 31.2 | 18.82 | 25.49 | 18.82 | 33.46 | 15.78 | 31.49 |
| Expenses | 26.48 | 15.57 | 26.76 | 14.65 | 16.55 | 20.46 | 26.61 | 17.55 | 21.51 | 17.55 | 28.31 | 13.83 | 28.72 |
| Operating Profit | 2.54 | 1.6 | 2.42 | 1.14 | 0.84 | 0.37 | 4.59 | 1.27 | 3.98 | 1.27 | 5.15 | 1.95 | 2.77 |
| OPM % | 8.75% | 9.32% | 8.29% | 7.22% | 4.83% | 1.78% | 14.71% | 6.75% | 15.61% | 6.75% | 15.39% | 12.36% | 8.8% |
| Other Income | 0 | 0.5 | 0.09 | 0.5 | 0 | 0.33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1.57 | 1.39 | 1.65 | 0.86 | 1.24 | 1.16 | 1.49 | 1.22 | 1.37 | 1.22 | 1.02 | 1.09 | 1.21 |
| Depreciation | 0.55 | 0.57 | 0.47 | 0.63 | 0.95 | 1 | 0.68 | 0.48 | 0.96 | 0.48 | 0.69 | 0.61 | 0.44 |
| PBT | 0.42 | 0.14 | 0.39 | 0.15 | -1.35 | -1.46 | 2.42 | -0.43 | 1.65 | -0.43 | 3.44 | 0.25 | 1.12 |
| Tax % | 45.24% | 71.43% | 25.64% | 66.67% | 11.85% | 0% | 6.2% | 37.21% | 3.64% | 0% | 17.44% | 0% | 44.64% |
| Net Profit | 0.23 | 0.05 | 0.29 | 0.05 | -1.51 | -1.46 | 2.27 | -0.59 | 1.59 | -0.43 | 2.84 | 0.25 | 0.62 |
| EPS (₹) | 0.59 | 0.13 | 0.74 | 0.13 | -3.87 | -3.74 | 5.82 | -1.51 | 4.07 | -1.1 | 7.28 | 0.64 | 1.59 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40.73 | 24.9 | 36.93 | 62.03 | 60.25 | 52.74 | 46.35 | 31.79 | 51.99 | 44.22 | 50.5 | 47.25 |
| Expenses | 37.49 | 21.7 | 32.72 | 56.8 | 56.57 | 48.7 | 42.31 | 33.51 | 46.99 | 39 | 43.25 | 41.07 |
| Operating Profit | 3.24 | 3.2 | 4.21 | 5.23 | 3.68 | 4.04 | 4.04 | -1.72 | 5 | 5.22 | 7.25 | 6.18 |
| OPM % | 7.95% | 12.85% | 11.4% | 8.43% | 6.11% | 7.66% | 8.72% | -5.41% | 9.62% | 11.8% | 14.36% | 13.08% |
| Other Income | 0.11 | 0.42 | 0.46 | 0.39 | 0.13 | 0.5 | 0.59 | 1.07 | 0.29 | 0.03 | 0.01 | 0.02 |
| Interest | 1.7 | 2.23 | 2.57 | 2.23 | 2.08 | 2.89 | 3.05 | 2.42 | 2.65 | 2.59 | 2.33 | 3.77 |
| Depreciation | 1.35 | 1.31 | 1.18 | 1.15 | 1.27 | 1.02 | 1.04 | 1.58 | 1.68 | 1.43 | 1.47 | 1.05 |
| PBT | 0.3 | 0.08 | 0.92 | 2.24 | 0.46 | 0.63 | 0.54 | -4.65 | 0.96 | 1.23 | 3.46 | 1.38 |
| Tax % | 36.67% | 25% | 47.83% | 44.64% | 84.78% | 46.03% | 37.04% | 3.44% | 0% | 17.89% | 17.34% | 36.23% |
| Net Profit | 0.19 | 0.06 | 0.49 | 1.24 | 0.07 | 0.34 | 0.34 | -4.81 | 0.96 | 1 | 2.85 | 0.88 |
| EPS (₹) | 3.02 | 0.21 | 1.26 | 3.18 | 0.18 | 0.87 | 0.87 | -12.32 | 2.46 | 2.56 | 7.3 | 2.25 |
| 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 | 0.63 | 2.84 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 | 3.9 |
| Reserves | 5.6 | 3.9 | 5.66 | 6.9 | 6.97 | 7.39 | 7.73 | 2.91 | 3.87 | 4.87 | 7.73 | 8.6 |
| Borrowings | 14.08 | 19.06 | 17.89 | 18.97 | 20.21 | 23.09 | 22.24 | 23.65 | 25.49 | 22.18 | 21.06 | 23.79 |
| Other Liabilities | 14.22 | 14.69 | 24.06 | 21.69 | 16.84 | 16.4 | 20.79 | 21.92 | 16.36 | 15.03 | 13.03 | 10.52 |
| Total Liabilities | 34.53 | 40.49 | 51.51 | 51.46 | 47.92 | 50.78 | 54.66 | 52.38 | 49.62 | 45.98 | 45.72 | 46.81 |
| Fixed Assets | 8.17 | 7.43 | 7.38 | 7.86 | 7.7 | 7.03 | 9 | 10.72 | 9.67 | 8.08 | 7.29 | 8.73 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.11 | 0.11 | 0.16 | 0.17 | 0.17 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
| Other Assets | 26.25 | 32.95 | 43.97 | 43.43 | 40.05 | 43.64 | 45.55 | 41.55 | 39.84 | 37.79 | 38.32 | 37.97 |
| Total Assets | 34.53 | 40.49 | 51.51 | 51.46 | 47.92 | 50.78 | 54.66 | 52.38 | 49.62 | 45.98 | 45.72 | 46.81 |
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 | 3.31 | -2.64 | 2.19 | 2.3 | 0 | 0 | 4.44 | 9.33 | -1.38 | 5.86 | 3.19 | 1.38 |
| Investing | -2.23 | -0.2 | -1.11 | -1.47 | 0 | 0 | -1.52 | -6.92 | 2.44 | 1.24 | -0.68 | -2.49 |
| Financing | -1.12 | 3.03 | -1.26 | -0.55 | 0 | 0 | -2.94 | -2.13 | -1.27 | -7.1 | -2.6 | 1.03 |
| Net Cash Flow | -0.04 | 0.18 | -0.17 | 0.28 | 0 | 0 | -0.03 | 0.27 | -0.21 | 0 | -0.1 | -0.07 |
| Free Cash Flow | 1.07 | -3.21 | 1.06 | 0.67 | 0 | 0 | 1.43 | 6.03 | -2 | 6.01 | 2.51 | -0.46 |
| CFO/OP | 107 | -75 | 62 | 63 | 0 | 0 | 115 | -552 | -28 | 116 | 52 | 30 |
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 | 41.58 | 87.37 | 85.79 | 73.08 | 62.94 | 74.81 | 110 | 125 | 94.43 | 88.65 | 93.96 | 95.71 |
| Inventory Days | 220 | 550 | 503 | 205 | 193 | 249 | 304 | 310 | 218 | 275 | 237 | 254 |
| Days Payable | 101 | 310 | 334 | 140 | 113 | 139 | 188 | 272 | 148 | 149 | 107 | 84.2 |
| Cash Conversion Cycle | 161 | 328 | 255 | 138 | 143 | 185 | 226 | 163 | 165 | 215 | 223 | 266 |
| Working Capital Days | 16.13 | 88.83 | 79.46 | 55.25 | 78.33 | 83.39 | 88.91 | 18.83 | 41.28 | 61.91 | 75.82 | 76.55 |
| ROCE % | 9.88% | 10.02% | 13.11% | 15.34% | 8.45% | 10.75% | 10.52% | -7.37% | 11.49% | 11.9% | 18.2% | 14.93% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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53 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Mewar Hi-Tech Engineering
What does Mewar Hi-Tech Engineering Ltd do?
Where is Mewar Hi-Tech Engineering Ltd (MHEL) listed?
Which sector does Mewar Hi-Tech Engineering Ltd belong to?
What is the Return on Equity (ROE) of Mewar Hi-Tech Engineering Ltd?
Company Information
Incorporated in 2006, Mewar Hitech Engineering Ltd manufactures construction equipment[1]
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