---
title: "C Mahendra Exports Ltd(Liquidated) (CMAHENDRA) — Share Price, Financials & Analysis"
symbol: "CMAHENDRA"
company: "C Mahendra Exports Ltd(Liquidated)"
canonical: "https://tapetide.com/stocks/CMAHENDRA"
generated_at: "2026-10-13T11:55:37.642Z"
---

# C Mahendra Exports Ltd(Liquidated) (CMAHENDRA)

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

## Company

- **Stock Type:** EQUITY
- **Listed Since:** 2011-01-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** cmahendra.com

## About

C. Mahendra Exports is a renowned and trusted name since 1974, is one of the leading diamantaire and jewellery Company with a wide spread around the world.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.05 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.9% over past five years.
- Company has a low return on equity of -5.67% over last 3 years.
- Contingent liabilities of Rs.145 Cr.
- Company might be capitalizing the interest cost
- Company has high debtors of 1,004 days.
- Working capital days have increased from 461 days to 879 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -154% | — | — |
| revenue growth | -62% | -33% | -18% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 782.25 | 804.95 | 458.85 | 398.75 | 361.58 | 218.98 | 119.11 | 41.08 | 204.33 | 101.26 | -36.93 | 9.99 |
| Expenses | 747.27 | 753.35 | 456.76 | 371.13 | 372.9 | 203.97 | 120.69 | 43.79 | 305.2 | 102.08 | 5.4 | 15.14 |
| Operating Profit | 34.98 | 51.6 | 2.09 | 27.62 | -11.32 | 15.01 | -1.58 | -2.71 | -100.87 | -0.82 | -42.33 | -5.15 |
| OPM % | 4.47 | 6.41 | 0.46 | 6.93 | -3.13 | 6.85 | -1.33 | -6.6 | -49.37 | -0.81 | — | -51.55 |
| Other Income | 0.39 | 0.83 | 0.6 | -0.15 | 26.89 | 0.9 | 28.12 | 0.24 | 8.79 | 0.17 | 0 | 0 |
| Interest | 21.84 | 20.62 | 23.44 | 27.29 | 9.13 | 26.78 | 44.7 | 10.1 | -8.33 | 0 | 7.21 | 0 |
| Depreciation | 2.21 | 2.03 | 2.11 | 2.1 | 2.11 | 2.04 | 2.05 | 2.05 | 2.02 | 0.78 | 2.74 | 1.76 |
| Profit before tax | 11.32 | 29.78 | -22.86 | -1.92 | 4.33 | -12.91 | -20.21 | -14.62 | -85.77 | -1.43 | -52.28 | -6.91 |
| Tax % | -25.71 | -3.63 | 17.8 | -152.6 | 77.14 | 1.55 | -0.54 | -0.68 | 0.54 | 0 | 0 | 0 |
| Net Profit | 14.23 | 30.86 | -26.93 | 1 | 0.99 | -13.12 | -20.1 | -14.52 | -86.23 | -1.43 | -52.28 | -6.91 |
| EPS in Rs | 1.19 | 2.57 | -2.24 | 0.08 | 0.08 | -1.08 | -1.66 | -1.2 | -7.12 | -0.12 | -4.32 | -0.57 |

### Profit & Loss

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

| Item | Mar 2007 3m | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 331 | 1366 | 1413 | 1565 | 1843 | 1957 | 2111 | 2024 | 584 | 279 |
| Expenses | 298 | 1258 | 1322 | 1457 | 1722 | 1849 | 1987 | 1938 | 671 | 428 |
| Operating Profit | 33 | 109 | 91 | 108 | 121 | 108 | 125 | 86 | -88 | -149 |
| OPM % | 10 | 8 | 6 | 7 | 7 | 6 | 6 | 4.2 | -15 | -54 |
| Other Income | 0 | 3 | 11 | 1 | 18 | 53 | 5 | 18 | 38 | 9 |
| Interest | 13 | 63 | 69 | 75 | 76 | 111 | 92 | 86 | 76 | -1 |
| Depreciation | 2 | 8 | 8 | 9 | 9 | 9 | 9 | 8 | 8 | 7 |
| Profit before tax | 18 | 41 | 25 | 25 | 54 | 41 | 29 | 9 | -133 | -146 |
| Tax % | 9 | 1 | 17 | 16 | -6 | 4 | -8 | 36 | 0 | — |
| Net Profit | 16 | 40 | 21 | 21 | 57 | 39 | 31 | 6 | -134 | -147 |
| EPS in Rs | — | — | — | — | 4.77 | 3.28 | 2.6 | 0.49 | -11.06 | -12.13 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 12 | 19 | 3 | 0 | — |

### Balance Sheet

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Sep 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 30 | 30 | 30 | 45 | 60 | 60 | 60 | 60 | 61 | 134 |
| Reserves | 111 | 152 | 173 | 277 | 475 | 507 | 539 | 544 | 419 | 317 |
| Borrowings | 732 | 845 | 997 | 896 | 910 | 984 | 1079 | 1118 | 1178 | 1173 |
| Other Liabilities | 227 | 293 | 394 | 331 | 433 | 457 | 458 | 621 | 381 | 417 |
| Total Liabilities | 1100 | 1320 | 1594 | 1549 | 1877 | 2008 | 2136 | 2342 | 2039 | 2041 |
| Fixed Assets | 84 | 98 | 93 | 112 | 106 | 102 | 94 | 88 | 80 | 79 |
| CWIP | 2 | 4 | 2 | 4 | 2 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 18 | 18 | 18 | 47 | 92 | 142 | 140 | 140 | 140 |
| Other Assets | 1012 | 1200 | 1481 | 1415 | 1722 | 1814 | 1900 | 2114 | 1819 | 1822 |
| Total Assets | 1100 | 1320 | 1594 | 1549 | 1877 | 2008 | 2136 | 2342 | 2039 | 2041 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 26 | -12 | -56 | 97 | 91 | -90 | 20 | 15 | -29 |
| Cash from Investing Activity | -2 | -39 | 1 | -2 | -197 | 113 | -43 | 6 | 9 |
| Cash from Financing Activity | -22 | 49 | 55 | -87 | 109 | -26 | 25 | -23 | 17 |
| Net Cash Flow | 2 | -2 | 0 | 7 | 3 | -3 | 2 | -2 | -3 |
| Free Cash Flow | 24 | -36 | -56 | 93 | 79 | -84 | 20 | 13 | -29 |
| CFO/OP | 81 | -7 | -57 | 93 | 81 | -80 | 19 | 18 | 33 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 635 | 202 | 272 | 223 | 191 | 167 | 219 | 277 | 1004 |
| Inventory Days | 526 | 128 | 107 | 105 | 118 | 172 | 111 | 102 | 92 |
| Days Payable | 0 | 0 | 0 | 80 | 93 | 91 | 86 | 120 | 207 |
| Cash Conversion Cycle | 1160 | 330 | 378 | 248 | 216 | 248 | 244 | 260 | 888 |
| Working Capital Days | 867 | 243 | 282 | 252 | 216 | 239 | 242 | 262 | 879 |
| ROCE % | — | 11 | 8 | 8 | 10 | 10 | 7 | 6 | -3 |

## Shareholding Pattern

### annual

| Category | Sep 2016 |
| --- | --- |
| Promoters | 35.5% |
| FIIs | 6.47% |
| Public | 58.03% |
| No. of Shareholders | 17954 |

### Quarterly

| Category | Jun 2016 | Sep 2016 |
| --- | --- | --- |
| Promoters | 35.5% | 35.5% |
| FIIs | 6.47% | 6.47% |
| Public | 58.03% | 58.03% |
| No. of Shareholders | 17866 | 17954 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-13 | [Updates](https://nsearchives.nseindia.com/corporate/WIPL_13022026124359_outcomeofbmthird.pdf) |
| 2026-02-05 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/WIPL_05022026135722_outcomeofbmthird.pdf) |
| 2026-01-01 | [Trading Window](https://nsearchives.nseindia.com/corporate/WIPL_01012026111412_tradingwindwclosurethirdquarter.pdf) |
| 2025-12-02 | [Updates](https://nsearchives.nseindia.com/corporate/WIPL_02122025103302_outcomeofsecondquarterboardmeeting.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/WIPL_13112025141915_outcomeofsecondquarterboardmeeting.pdf) |
| 2017-01-11 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40A84492_7ED9_4800_9BD4_123AEE5048CB_105453.pdf) |
| 2017-01-11 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/40A84492_7ED9_4800_9BD4_123AEE5048CB_105453.pdf) |
| 2016-10-15 | [Result of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52129D37_3DB2_4B78_8821_39532DDD5062_171154.pdf) |
| 2016-10-15 | [Result of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/10/52129D37_3DB2_4B78_8821_39532DDD5062_171154.pdf) |
| 2016-10-05 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended September 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=574BB18B_3B71_40A9_95F7_D519DB744482_140748.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/AR_27947_WIPL_2024_2025_A_5906912_30082025152020.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_25275_WIPL_2023_2024_29082024162140.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_22884_WIPL_2022_2023_23082023142722_08232023150001.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_20958_WIPL_2021_2022_30082022132228_08302022140004.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/AR_18442_WIPL_2020_2021_17072021183931_17072021190003.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/AR_17482_WIPL_2019_2020_07092020120024_07092020130008.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/AR_15413_WIPL_2018_2019_28082019110549_28082019120003.zip) |
| 2018 | [Financial Year 2018](https://archives.nseindia.com/annual_reports/AR_14274_WIPL_2017_2018_13102018142943.zip) |
| 2017 | [Financial Year 2017](https://archives.nseindia.com/annual_reports/AR_11401_WIPL_2016_2017_14092017131309.zip) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/533304/5333040315.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-09-23 | Credit rating update — CARE Ratings |
| 2024-09-26 | Credit rating update — CARE Ratings |
| 2023-10-03 | Credit rating update — CARE Ratings |
| 2022-09-26 | Credit rating update — CARE Ratings |
| 2021-09-01 | Credit rating update — CARE Ratings |
| 2020-09-21 | Credit rating update — CARE Ratings |

---

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 2026-10-13T11:55:37.642Z.