---
title: "Mittal Sections Ltd (544575) — Share Price, Financials & Analysis"
symbol: "544575"
company: "Mittal Sections Ltd"
canonical: "https://tapetide.com/stocks/544575"
isin: "INE833Q01012"
nse_symbol: "MITTALSECTIONSLTD"
bse_code: "544575"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 27.76
generated_at: "2026-09-13T18:58:25.734Z"
---

# Mittal Sections Ltd (544575)

Canonical page: https://tapetide.com/stocks/544575

## Company

- **NSE Symbol:** MITTALSECTIONSLTD
- **BSE Code:** 544575
- **ISIN:** INE833Q01012
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mittalsectionslimited.com

## About

Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:51:18.740197Z.

- **Market Cap:** ₹27.76 Cr
- **Classification:** SME
- **P/E (reported):** 8.3
- **Book Value:** ₹50.16
- **Price to Book:** 0.5
- **Dividend Yield:** 0%
- **ROE:** 5.95%
- **ROCE:** 10.05%
- **Debt to Equity:** 0.43
- **Revenue (yearly):** ₹149.4 Cr
- **Net Income:** ₹3.5 Cr
- **EBITDA:** ₹8.3 Cr
- **52-Week High:** ₹114.4
- **52-Week Low:** ₹22.63
- **RSI (14):** 43.18

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Falling
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 42.27 | 9% |
| growth | 50 | 9% |
| momentum | 44.43 | 12% |
| ownership | 50.95 | 24% |
| quality | 52.08 | 22% |
| valuation | 57.82 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.49 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.9% over past five years.
- Debtor days have increased from 28.4 to 45.7 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -184.61% | -196.49% |
| ebitda margin growth | 0.18% | 62.87% | 174.38% |
| net income growth | 2.94% | 89% | 46% |
| revenue growth | 8.97% | -4% | 11% |
| roce | -65.28% | -73.78% | 23.49% |
| roe | -82.4% | 22.63% | -57.62% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 68 | 68 | 70 | 78 |
| Expenses | 64 | 65 | 66 | 76 |
| Operating Profit | 4 | 3 | 5 | 3 |
| OPM % | 7 | 4.3 | 7 | 3.6 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 0 | 0 | 1 |
| Profit before tax | 3 | 1 | 3 | 2 |
| Tax % | 30 | 31 | 29 | 38 |
| Net Profit | 2 | 1 | 2 | 1 |
| EPS in Rs | 9.19 | 1.3 | 2.97 | 0.97 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 89 | 149 | 167 | 161 | 137 | 149 |
| Expenses | 87 | 146 | 164 | 156 | 129 | 141 |
| Operating Profit | 2 | 3 | 3 | 5 | 7 | 8 |
| OPM % | 1.8 | 2 | 1.9 | 3.3 | 5 | 5 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -1 | 1 | 1 | 3 | 5 | 5 |
| Tax % | -26 | 25 | 26 | 27 | 30 | 32 |
| Net Profit | -1 | 1 | 1 | 2 | 3 | 3 |
| EPS in Rs | -2.33 | 2.29 | 2.14 | 7.21 | 4.37 | 2.99 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 8 | 12 |
| Reserves | 1 | 2 | 2 | 4 | 2 | 46 |
| Borrowings | 18 | 14 | 20 | 15 | 21 | 25 |
| Other Liabilities | 5 | 14 | 8 | 7 | 14 | 16 |
| Total Liabilities | 27 | 32 | 33 | 29 | 45 | 99 |
| Fixed Assets | 8 | 8 | 8 | 8 | 7 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 4 | 20 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 19 | 24 | 25 | 21 | 34 | 72 |
| Total Assets | 27 | 32 | 33 | 29 | 45 | 99 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3 | 7 | -4 | 7 | 0 | -6 |
| Cash from Investing Activity | 0 | -1 | -1 | 0 | -4 | -37 |
| Cash from Financing Activity | 3 | -6 | 5 | -7 | 4 | 46 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 3 |
| Free Cash Flow | -3 | 6 | -5 | 7 | -5 | -23 |
| CFO/OP | -164 | 222 | -136 | 142 | 13 | -64 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 24 | 17 | 18 | 12 | 28 | 46 |
| Inventory Days | 40 | 34 | 29 | 16 | 19 | 34 |
| Days Payable | 23 | 37 | 16 | 13 | 34 | 36 |
| Cash Conversion Cycle | 41 | 14 | 31 | 15 | 13 | 44 |
| Working Capital Days | 8 | 4 | 9 | 8 | -4 | 22 |
| ROCE % | — | 11 | 11 | 19 | 25 | 13 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 99.92% | 67.96% | 67.96% |
| FIIs | 0% | 0.61% | 0.54% |
| DIIs | 0% | 1.19% | 1.21% |
| Government | 0% | 0% | 0% |
| Public | 0.08% | 27.03% | 28.47% |
| Others | 0% | 3.21% | 1.82% |
| No. of Shareholders | 8 | 1407 | 1416 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 25.93 | Sell |
| EMA (10) | 25.66 | Sell |
| SMA (20) | 26.08 | Sell |
| EMA (20) | 26.17 | Sell |
| SMA (50) | 27.69 | Sell |
| EMA (50) | 27.57 | Sell |
| SMA (100) | 29.58 | Sell |
| EMA (100) | 30.36 | Sell |
| SMA (200) | 34.63 | Sell |
| EMA (200) | 36.49 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.89 | Neutral |
| MACD (12,26,9) | -0.7 | Sell |
| Stochastic (14,3,3) | 27.33 | Neutral |
| ADX (14) | 21.78 | Neutral |
| Williams %R (14) | -78.27 | Neutral |
| ATR (14) | 1.5 | High Volatility |
| ROC (12) | -2.04 | Sell |
| Stoch RSI (14) | 19.53 | Buy |
| UO (7,14,28) | 40.49 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ed6ca0a-9b1c-4d6d-8088-32f9a98d7967.pdf) |
| 2026-08-25 | [Shareholders Meeting - Submission Of Annual Report For FY 2025-26 Along With Notice Of The 17Th Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41bb57fb-f323-48bd-8db5-17df50ddd643.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd14c825-01a2-413d-8ffd-a0c35706dd5b.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5a9e8fb-6a1c-4a7e-8cf9-a9d34a6875c3.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be6701ed-154f-483f-b888-2309f6f0239b.pdf) |
| 2026-05-29 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors And Submission Of Audited Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2086b21-9e81-4e81-b9f6-d93f0cd3216f.pdf) |
| 2026-05-29 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors And Submission Of Audited Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7fc15d1-a854-45bb-95ba-be555beabb2c.pdf) |
| 2026-05-23 | [Board Meeting Intimation for Intimation Of Board Meeting For Approving Audited Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fa03ded-dca1-4d4e-a70a-d2a9a628cd49.pdf) |
| 2026-05-14 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e60ddc6b-27dc-40f9-b19b-064c33d4cd0a.pdf) |
| 2026-04-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86139221-f6de-419c-ab72-841245521e72.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Outcome Of The Meeting Of The Board Of Directors And Submission Of Audited Standalone Financial Results For The Half-Year And Financial Year Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9df61b98-7a29-49d7-a746-9bffbb7bce25.pdf) |
| 2025-11-14 | [Considered And Approved Financial Results For Half Year Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be466e0d-659f-4d44-b647-a9dc699bac9f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 4 Feb - Board appointed V.N. Vasani (secretarial), Nirav D. Shah & Co. (internal 2025-26–2029-30), Milind Nyati & Co. on 02/02/2026. | [Announcement Under Regulation 30 (LODR) - Outcome Of Board Meeting And Intimation Of Appointment Of Secretarial Auditors, Internal Auditors & Tax Auditors Of The Company Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 4 Feb - Board appointed V.N. Vasani (secretarial), Nirav D. Shah & Co. (internal 2025-26–2029-30), Milind Nyati & Co. on 02/02/2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75b37cb1-0a37-47bd-a46e-c2b68f985d65.pdf) |
| 28 Feb - Hirenkumar B. Patel resigned effective 31-Dec-2025; Gunjan Rameena appointed Company Secretary & Compliance Officer effective 1-Jan-2026. | [Announcement under Regulation 30 (LODR)-Cessation 28 Feb - Hirenkumar B. Patel resigned effective 31-Dec-2025; Gunjan Rameena appointed Company Secretary & Compliance Officer effective 1-Jan-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d94e8986-74ff-49a0-9565-a70eebdaa990.pdf) |
| 28 Feb - CS Hirenkumar B. Patel resigns effective 31-Dec-2025; Gunjan Rameena appointed CS & Compliance Officer effective 01-Jan-2026. | [Board Meeting Outcome for Revised Outcome 28 Feb - CS Hirenkumar B. Patel resigns effective 31-Dec-2025; Gunjan Rameena appointed CS & Compliance Officer effective 01-Jan-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0a46403-668a-4c2d-9666-430da54e4fe5.pdf) |
| 28 Feb - CS Hirenkumar B. Patel resigned w.e.f. 31-Dec-2025; Gunjan Rameena appointed CS & Compliance Officer effective 01-Jan-2026. | [Submission Of Resignation Letter Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 28 Feb - CS Hirenkumar B. Patel resigned w.e.f. 31-Dec-2025; Gunjan Rameena appointed CS & Compliance Officer effective 01-Jan-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03abeec6-4d4a-43e3-a409-905f75e95e8b.pdf) |
| 25 Mar - Trading window closed from 1 Apr 2026 until 48 hours after FY2026 audited results. | [Closure of Trading Window 25 Mar - Trading window closed from 1 Apr 2026 until 48 hours after FY2026 audited results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93a36591-03c7-4f4f-b54b-5dc4c8a449c3.pdf) |
| 23 Mar - Mittal Sections listed on BSE SME; CIN changed to L27109GJ2009PLC056527 on 23-03-2026. | [Announcement Under Regulation 30 (LODR) - Intimation Regarding Change Of Corporate Identification Number Of The Company 23 Mar - Mittal Sections listed on BSE SME; CIN changed to L27109GJ2009PLC056527 on 23-03-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c68b580e-3247-4182-9645-299fc59c11a6.pdf) |
| 23 Feb - Ballygunge Family Trust acquired 5,10,000 shares (2.10%) of Shankara on Feb 20, 2026. | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 Feb - Ballygunge Family Trust acquired 5,10,000 shares (2.10%) of Shankara on Feb 20, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68A23A60_1C0B_4BEB_A18E_97B7AD5E24DE_125310.pdf) |
| 2 Feb - Board meeting on 10 Feb 2026 to approve unaudited Q3/9M results for period ended 31 Dec 2025; trading window closed. | [Board Meeting Intimation for The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended 31St December, 2025. 2 Feb - Board meeting on 10 Feb 2026 to approve unaudited Q3/9M results for period ended 31 Dec 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8430712c-1107-429e-ae75-e26e54489a7c.pdf) |
| 14 Feb - CARE report on Rs52.91cr IPO: <10% deviation; Rs0.29cr excess working-capital use; Rs15.75cr unutilized in FDs. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 Feb - CARE report on Rs52.91cr IPO: <10% deviation; Rs0.29cr excess working-capital use; Rs15.75cr unutilized in FDs.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c33ced4-e6d1-41f4-8659-a6d31894054d.pdf) |
| 14 Apr - Submitted Regulation 74(5) non-applicability certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr - Submitted Regulation 74(5) non-applicability certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86139221-f6de-419c-ab72-841245521e72.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2019 | [Concall - Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83e9efd3-f098-407e-ba33-b3231280e066.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0bb0f7da-37d4-4ec8-8795-ec48f536df12.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e82b70db-b9d4-4734-9172-cf27a70801d6.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/769e198e-c291-4501-8b08-c2393141d10f.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4d6ec02-80a5-44c0-b30b-5ccc0d455257.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55c3b5b4-1e0f-4442-a9aa-518fd0234ab7.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/06da1766-1db4-47be-8916-6041a33f1ad9.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/838fd886-e2a3-414b-8765-d9b8af17ae53.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3465cd7a-d9e0-4499-b473-0b920b1e2d79.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d81f5ee5-e5f5-44f7-bc7a-f88437a92d41.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce239a2e-0098-421c-959b-029fcfdf51fb.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ffe22a1-5e8c-4abd-9201-f6d2a8cb0b36.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e50a9767-8bdd-4cf0-b974-00c6893f9642.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540425/73317540425.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540425/68763540425.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540425/5404250320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540425/5404250319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540425/5404250318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/540425/5404250317.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 2026-09-13T18:58:25.734Z.