---
title: "MIG Media Neurons Ltd (MMNL) — Share Price, Financials & Analysis"
symbol: "MMNL"
company: "MIG Media Neurons Ltd"
canonical: "https://tapetide.com/stocks/MMNL"
generated_at: "2026-10-13T11:53:12.972Z"
---

# MIG Media Neurons Ltd (MMNL)

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

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

MIG Media Neurons is engaged in the business of Convention and Trade Show assistance and organization Services.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- The company has delivered a poor sales growth of -22.2% over past five years.
- Company has a low return on equity of 1.53% over last 3 years.
- Working capital days have increased from 554 days to 1,384 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 191% | 48% | -4% |
| revenue growth | -65% | -25% | -22% |

## Financial Statements

### Profit & Loss

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.16 | 0.8 | 0.69 | 0.79 | 0.84 | 1.56 | 0.58 | 1.25 | 0.68 | 0.24 |
| Expenses | 0.15 | 0.71 | 0.6 | 0.64 | 0.72 | 1.41 | 0.63 | 1.21 | 0.8 | 0.13 |
| Operating Profit | 0.01 | 0.09 | 0.09 | 0.15 | 0.12 | 0.15 | -0.05 | 0.04 | -0.12 | 0.11 |
| OPM % | 6.25 | 11.25 | 13.04 | 18.99 | 14.29 | 9.62 | -8.62 | 3.2 | -17.65 | 45.83 |
| Other Income | 0 | 0 | 0 | 0.02 | 0.09 | 0 | 0 | 0.03 | 0.01 | 0 |
| Interest | 0.01 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0 |
| Profit before tax | 0 | 0.07 | 0.07 | 0.15 | 0.18 | 0.11 | -0.08 | 0.06 | -0.12 | 0.11 |
| Tax % | — | 28.57 | 28.57 | 33.33 | 33.33 | 36.36 | 0 | 16.67 | 0 | 0 |
| Net Profit | 0 | 0.05 | 0.05 | 0.1 | 0.12 | 0.08 | -0.08 | 0.05 | -0.11 | 0.1 |
| EPS in Rs | 0 | 10 | 10 | 5 | 1.5 | 1 | -1 | 0.62 | -1.38 | 1.25 |
| 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.05 | 0.05 | 0.05 | 0.2 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| Reserves | 0 | 0.05 | 0.11 | 0.56 | 0.07 | 0.15 | 0.07 | 0.12 | 0 | 0.11 |
| Borrowings | 0.01 | 0.18 | 0.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0.02 | 0.05 | 0.06 | 0.08 | 0.07 | 0.58 | 0.19 | 0.59 | 0.56 |
| Total Liabilities | 0.06 | 0.3 | 0.56 | 0.82 | 0.95 | 1.02 | 1.45 | 1.11 | 1.39 | 1.47 |
| Fixed Assets | 0 | 0.07 | 0.49 | 0.51 | 0.47 | 0.46 | 0.45 | 0.44 | 0.44 | 0.43 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.06 | 0.23 | 0.07 | 0.31 | 0.48 | 0.56 | 1 | 0.67 | 0.95 | 1.04 |
| Total Assets | 0.06 | 0.3 | 0.56 | 0.82 | 0.95 | 1.02 | 1.45 | 1.11 | 1.39 | 1.47 |

### Cash Flow

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | — | -0.08 | 0.07 | -0.08 | 0.08 | -0.05 | -0.01 | 0.06 |
| Cash from Investing Activity | — | — | — | -0.03 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | — | — | — | 0.15 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | — | — | — | 0.04 | 0.06 | -0.08 | 0.08 | -0.05 | -0.01 | 0.06 |
| Free Cash Flow | — | — | — | -0.11 | 0.06 | -0.08 | 0.08 | -0.05 | -0.01 | 0.06 |
| CFO/OP | — | — | — | -53 | 58 | -27 | -160 | -100 | 8 | 55 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 5.29 | 4.62 | 47.8 | 7.02 | 106.98 | 32.12 | 85.88 | 60.83 |
| Cash Conversion Cycle | 0 | 0 | 5.29 | 4.62 | 47.8 | 7.02 | 106.98 | 32.12 | 85.88 | 60.83 |
| Working Capital Days | 22.81 | 13.69 | 0 | 92.41 | 126.01 | 102.95 | 188.79 | 116.8 | 161.03 | 1383.96 |
| ROCE % | — | 41.18 | 17.72 | 23.62 | 22.09 | 13.19 | -7.69 | 6.7 | -13.95 | 12.87 |

---

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 2026-10-13T11:53:12.972Z.