---
title: "Mish Designs Ltd (544015) — Share Price, Financials & Analysis"
symbol: "544015"
company: "Mish Designs Ltd"
canonical: "https://tapetide.com/stocks/544015"
isin: "INE0QI101019"
nse_symbol: "MISHDESIGNLTD"
bse_code: "544015"
sector: "Textiles"
industry: "Textiles & Apparels"
market_cap_cr: 12.7
generated_at: "2026-09-13T20:52:40.395Z"
---

# Mish Designs Ltd (544015)

Canonical page: https://tapetide.com/stocks/544015

## Company

- **NSE Symbol:** MISHDESIGNLTD
- **BSE Code:** 544015
- **ISIN:** INE0QI101019
- **Sector:** Textiles
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2023-11-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mishindia.com

## About

Incorporated in 2017, Mish Designs Ltd is in the business of providing ladies garments[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:35:04.248512Z.

- **Market Cap:** ₹12.7 Cr
- **Classification:** SME
- **P/E (reported):** -12.3
- **EPS (reported):** ₹2.9
- **Book Value:** ₹53.06
- **Price to Book:** 0.68
- **Dividend Yield:** 0%
- **ROE:** -6.16%
- **ROCE:** -4.35%
- **Debt to Equity:** 0.43
- **Revenue (yearly):** ₹8.4 Cr
- **Net Income:** ₹-1 Cr
- **EBITDA:** ₹-0.6 Cr
- **52-Week High:** ₹70.75
- **52-Week Low:** ₹28.08
- **RSI (14):** 54.91

## Tapetide Score

- **Score:** 38 / 100
- **Score date:** 2026-07-24
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 12.3 (of 4267 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 37.62 | 15% |
| growth | 13.93 | 15% |
| momentum | 22.08 | 15% |
| ownership | 50 | 10% |
| quality | 52.77 | 25% |
| valuation | 40.45 | 20% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.63 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.78%
- Company has a low return on equity of 1.73% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 351 days.
- Working capital days have increased from 462 days to 737 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -3.8% | 16.96% | -489.77% |
| ebitda margin growth | -185.15% | -159.95% | -248.14% |
| net income growth | -211.11% | -225% | — |
| revenue growth | -53.59% | -10% | 14% |
| roce | -153.18% | -134.58% | 13.84% |
| roe | -223.94% | 1.97% | -165.88% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.27 | 8.88 | 6.1 | 11.91 | 6.04 | 2.32 |
| Expenses | 3.71 | 7.9 | 5.53 | 11.04 | 5.62 | 3.37 |
| Operating Profit | 0.56 | 0.98 | 0.57 | 0.87 | 0.42 | -1.05 |
| OPM % | 13.11 | 11.04 | 9.34 | 7.3 | 6.95 | -45.26 |
| Other Income | 0.02 | 0.03 | 0.01 | 0.08 | 0.01 | 0.01 |
| Interest | 0.21 | 0.2 | 0.13 | 0.15 | 0.14 | 0.16 |
| Depreciation | 0.04 | 0.04 | 0.07 | -0.03 | 0.05 | 0.1 |
| Profit before tax | 0.33 | 0.77 | 0.38 | 0.83 | 0.24 | -1.3 |
| Tax % | 24.24 | 27.27 | 31.58 | 22.89 | 29.17 | -6.92 |
| Net Profit | 0.25 | 0.56 | 0.26 | 0.63 | 0.18 | -1.21 |
| EPS in Rs | 1.25 | 2 | 0.88 | 1.98 | 0.57 | -3.8 |

### Profit & Loss

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.62 | 3.93 | 4.2 | 7.29 | 11.05 | 13.13 | 17.98 | 8.07 |
| Expenses | 0.78 | 3.9 | 4.06 | 6.95 | 9.81 | 11.58 | 16.54 | 8.69 |
| Operating Profit | -0.16 | 0.03 | 0.14 | 0.34 | 1.24 | 1.55 | 1.44 | -0.62 |
| OPM % | -25.81 | 0.76 | 3.33 | 4.66 | 11.22 | 11.81 | 8.01 | -7.68 |
| Other Income | 0 | 0 | 0 | 0.01 | -0.07 | 0.04 | 0.09 | 0.02 |
| Interest | 0 | 0 | 0.04 | 0.17 | 0.36 | 0.41 | 0.29 | 0.3 |
| Depreciation | 0 | 0.02 | 0.07 | 0.1 | 0.11 | 0.08 | 0.04 | 0.15 |
| Profit before tax | -0.16 | 0.01 | 0.03 | 0.08 | 0.7 | 1.1 | 1.2 | -1.05 |
| Tax % | -25 | 0 | 66.67 | 50 | 27.14 | 26.36 | 25.83 | -1.9 |
| Net Profit | -0.12 | 0.01 | 0 | 0.05 | 0.51 | 0.81 | 0.89 | -1.03 |
| EPS in Rs | -12 | 1 | 0 | 2 | 2.55 | 2.89 | 2.8 | -3.24 |
| Dividend Payout % | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.1 | 0.1 | 0.25 | 0.25 | 2 | 2.8 | 3.18 | 3.18 |
| Reserves | -0.15 | -0.15 | 0.27 | 0.32 | 0.18 | 8.64 | 14.74 | 13.57 |
| Borrowings | 0.52 | 0.88 | 1.08 | 2.31 | 3 | 1.85 | 1.49 | 7.2 |
| Other Liabilities | 0.1 | 0.53 | 0.92 | 1.35 | 1.93 | 0.94 | 4.23 | 1.8 |
| Total Liabilities | 0.57 | 1.36 | 2.52 | 4.23 | 7.11 | 14.23 | 23.64 | 25.75 |
| Fixed Assets | 0.01 | 0.16 | 0.25 | 0.28 | 0.27 | 0.22 | 0.18 | 0.35 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.56 | 1.2 | 2.27 | 3.95 | 6.84 | 14.01 | 23.46 | 25.4 |
| Total Assets | 0.57 | 1.36 | 2.52 | 4.23 | 7.11 | 14.23 | 23.64 | 25.75 |

### Cash Flow

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -0.09 | -0.58 | -0.88 | -1.18 | -6.25 | -5 | -5.19 |
| Cash from Investing Activity | — | -0.17 | -0.17 | -0.12 | -0.1 | -0.03 | -0.01 | -0.32 |
| Cash from Financing Activity | — | 0.36 | 0.72 | 1.06 | 1.33 | 6.9 | 4.95 | 5.26 |
| Net Cash Flow | — | 0.1 | -0.03 | 0.07 | 0.04 | 0.62 | -0.06 | -0.25 |
| Free Cash Flow | — | -0.26 | -0.75 | -1 | -1.28 | -6.28 | -5.01 | -5.51 |
| CFO/OP | — | -300 | -400 | -247 | -79 | -385 | -326 | 837 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 88.31 | 16.72 | 89.51 | 71.1 | 71.68 | 87.57 | 203 | 351.43 |
| Inventory Days | — | 666.52 | 322.25 | 326.21 | 276.45 | 456.11 | 320.12 | 985.71 |
| Days Payable | — | 396.74 | 279.5 | 216.88 | 132.45 | 33.81 | 118.13 | 47.43 |
| Cash Conversion Cycle | 88.31 | 286.5 | 132.26 | 180.42 | 215.68 | 509.87 | 404.98 | 1289.71 |
| Working Capital Days | 235.48 | 47.37 | 15.64 | 38.05 | 90.84 | 300.78 | 347.54 | 736.78 |
| ROCE % | — | 1.54 | 5.76 | 11.16 | 28.54 | 16.35 | 9.11 | -3.46 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 95.75% | 68.39% | 68.39% | 64.54% | 60.16% | 56.69% | 56.69% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 26.04% | 26.25% | 29.07% | 33.88% | 38.38% | 39.37% |
| Others | 4.25% | 5.57% | 5.36% | 6.39% | 5.95% | 4.93% | 3.94% |
| No. of Shareholders | 7 | 417 | 326 | 405 | 406 | 433 | 428 |

## 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) | 34.91 | Sell |
| EMA (10) | 34.81 | Sell |
| SMA (20) | 34.2 | Sell |
| EMA (20) | 34.31 | Sell |
| SMA (50) | 32.99 | Buy |
| EMA (50) | 34.76 | Sell |
| SMA (100) | 38.27 | Sell |
| EMA (100) | 38.28 | Sell |
| SMA (200) | 45.56 | Sell |
| EMA (200) | 51.53 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.78 | Neutral |
| MACD (12,26,9) | 0.54 | Buy |
| Stochastic (14,3,3) | 48.19 | Neutral |
| ADX (14) | 13.62 | Neutral |
| Williams %R (14) | -82.31 | Buy |
| ATR (14) | 2.29 | High Volatility |
| ROC (12) | -7.37 | Sell |
| Stoch RSI (14) | 14.3 | Buy |
| UO (7,14,28) | 59.1 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today I.E. Wednesday September 09 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac929304-6032-4ce0-9e12-11e1e8284d5a.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4aadcce8-c21f-470c-822c-b57a606bce99.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb195492-b1a2-4cd6-a5cf-b1b85b9bdaf1.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54033196-b818-4775-a61a-d166235df0fb.pdf) |
| 2026-08-29 | [Notice Of 9Th Annual General Meeting (AGM) To Be Held On Thursday September 24 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=417d647b-e069-4d42-92ce-0250f7e4e502.pdf) |
| 2026-08-29 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66dcdfa4-71b2-4483-b94f-56f5ec43f217.pdf) |
| 2026-08-29 | [Intimation Of Book Closure Pursuant To Regulation 42 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42036890-dd40-413e-8163-a239e0a79dee.pdf) |
| 2026-08-28 | [Revised Outcome Of Board Meeting Held On August 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=343f12fb-280b-4b0c-848b-fbc11fa1823c.pdf) |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c107b4a-fa06-4227-9787-c70b66ef5e6d.pdf) |
| 2026-08-26 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday August 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=869d8373-ab80-4ff1-8b6c-02afff5db5c7.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-27 | [Results For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a26caf39-a24f-4c1b-86f9-80dec2c69a65.pdf) |
| 2025-11-10 | [Results - Financial Results For Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ac8c473-fcbe-4593-8294-c5a33d50668f.pdf) |
| 2025-05-26 | [Results For The Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8197073d-4273-41ef-b502-11ad5e84d41a.pdf) |
| 2024-11-14 | [Revised Un-Audited Financial Results For The Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe4d8f02-bd24-46da-ab4d-323a98d6b81e.pdf) |
| 2024-11-12 | [Results - Financial Results For Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ffe2582-0a38-45f5-a86e-2983b5034c45.pdf) |
| 2024-05-29 | [Result For The Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b553b03-07cf-408f-97b0-1110054962bb.pdf) |
| 2023-11-14 | [Submission Of Outcome Of Board Meeting Held On November 14, 2023 For The Financials Results Of The Period Ended September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2741d138-8c10-438f-af9e-a897dcda8c44.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Board meets Apr 28, 2026 to consider higher authorised capital, equity fundraising and EGM notice. | [Board Meeting Intimation for Intimation Of The Board Meeting To Be Held On Tuesday, April 28, 2026 8h - Board meets Apr 28, 2026 to consider higher authorised capital, equity fundraising and EGM notice.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6a6749d8-b288-4b0d-839b-5c5fcf36e49c.pdf) |
| 8 May - Board approves authorised capital hike to Rs 3.9 crore and preferential issue of 2,63,160 shares plus 2,45,615 warrants. | [Announcement under Regulation 30 (LODR)-Raising of Funds 8 May - Board approves authorised capital hike to Rs 3.9 crore and preferential issue of 2,63,160 shares plus 2,45,615 warrants.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d39375e5-ceab-42a6-9c68-d2968608b9a1.pdf) |
| 8 May - Board approved ₹50 lakh authorized capital increase and preferential issue of 2.63 lakh shares, 2.45 lakh warrants. | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today I.E. Friday, May 08, 2026 8 May - Board approved ₹50 lakh authorized capital increase and preferential issue of 2.63 lakh shares, 2.45 lakh warrants.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/74990148-64d2-4775-8bd0-ae8d7acca9cf.pdf) |
| 8 May - Board approved ₹3.9 crore authorized capital, 2,63,160 shares and 2,45,615 warrants preferential issue. | [Announcement under Regulation 30 (LODR)-Issue of Securities 8 May - Board approved ₹3.9 crore authorized capital, 2,63,160 shares and 2,45,615 warrants preferential issue.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/314231c9-36c7-487b-8ab2-fb2230183061.pdf) |
| 7 Apr - Mish Designs opened its third standalone store at Citadel, Phoenix Mall, Indore on April 7, 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Apr - Mish Designs opened its third standalone store at Citadel, Phoenix Mall, Indore on April 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40d4114e-4d5a-421a-822b-5cc617321fa2.pdf) |
| 5 February 2026 - Clarification to NSE: single business segment; segment reporting not applicable for results submitted 13-Nov-2025. | [Reply to Clarification- Financial results 5 February 2026 - Clarification to NSE: single business segment; segment reporting not applicable for results submitted 13-Nov-2025.](https://nsearchives.nseindia.com/corporate/RENOL_20012026105427_Query_Reply_Segment_Reporting.pdf) |
| 4 May - Board meets May 8, 2026 to consider capital increase, equity fundraising, and EGM notice. | [Board Meeting Intimation for Intimation Of The Board Meeting To Be Held On Friday, May 08, 2026 4 May - Board meets May 8, 2026 to consider capital increase, equity fundraising, and EGM notice.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3817e3d-bbb4-4330-a775-d6d66511eb5c.pdf) |
| 4 May - Board meets May 8, 2026 to consider capital increase, equity fundraising, and EGM notice. | [Board Meeting Intimation for Intimation Of The Board Meeting To Be Held On Friday, May 08, 2026 4 May - Board meets May 8, 2026 to consider capital increase, equity fundraising, and EGM notice.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f3817e3d-bbb4-4330-a775-d6d66511eb5c.pdf) |
| 31 Dec 2025 - Ms. Namrata Teli appointed Company Secretary & Compliance Officer effective December 31, 2025. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Wednesday, December 31, 2025. 31 Dec 2025 - Ms. Namrata Teli appointed Company Secretary & Compliance Officer effective December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c308c9a3-d1f0-4492-a7be-da2930a315c0.pdf) |
| 31 Dec 2025 - Ms. Namrata Teli appointed Company Secretary & Compliance Officer effective December 31, 2025, replacing Ms. Ashima Chhatwal. | [Appointment of Company Secretary and Compliance Officer 31 Dec 2025 - Ms. Namrata Teli appointed Company Secretary & Compliance Officer effective December 31, 2025, replacing Ms. Ashima Chhatwal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b25be47-dcb7-4f16-8b0b-df2f19652c5a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29222_RNPL_2024_2025_A_9095485_27012026190359.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7978e8fb-3e0c-4b5a-a8e5-ac75cbcefad1.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d4860b3-2d30-4edc-8430-f6181ad45bfd.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 2026-09-13T20:52:40.395Z.