Mahan Industries Ltd
Mahan Industries Ltd (MAHANIN) last reported results for the quarter ended Jun 2026, with sales of ₹2.66 crore and net profit of ₹1.72 crore. The stock last traded at ₹30.7, a market capitalisation of ₹13.8 crore, on a P/E of 8.23. Over the past 52 weeks the stock has ranged between ₹8.3 and ₹30.7. Figures are as of 6 Oct 2026 and are not real time.
Mahan Industries Ltd share price and key metrics
- Current price
- ₹30.7
- Market cap
- ₹13.8 cr
- Stock P/E
- 8.23
- Book value
- ₹11.6
- ROE
- 0.96%
- ROCE
- 1.26%
- Dividend yield
- 0.00%
- 52w high / low
- 30.7/8.30
Metrics as of 6 Oct 2026. Not real time.
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Mahan Industries Ltd growth and returns
- 10 Years
- 42%
- 5 Years
- 80%
- 3 Years
- 75%
- TTM
- 256%
- 10 Years
- 8%
- 5 Years
- 15%
- 3 Years
- 65%
- TTM
- 5700%
- 10 Years
- 49%
- 5 Years
- 159%
- 3 Years
- 278%
- 1 Year
- 253%
- 10 Years
- -15%
- 5 Years
- -1%
- 3 Years
- 0%
- Last Year
- 1%
Mahan Industries Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹2.66 cr, up 309.2% from ₹0.65 cr a year earlier. Net profit was ₹1.72 cr, up 2050.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.37 | 0.94 | 0.32 | 0.65 | 1.5 | 1.59 | 2.36 | 2.66 |
| Expenses | 0.35 | 0.94 | 0.51 | 0.56 | 1.46 | 1.97 | 2.13 | 3.54 |
| Operating profit | 0.02 | -0 | -0.19 | 0.09 | 0.04 | -0.38 | 0.23 | -0.88 |
| OPM % | 5.41% | -0.00% | -59.38% | 13.85% | 2.67% | -23.90% | 9.75% | -33.08% |
| Other income | -0 | -0 | -0.01 | -0 | -0 | 0.13 | -0 | 3.04 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 |
| Depreciation | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Profit before tax | 0.01 | -0.01 | -0.21 | 0.08 | 0.02 | -0.27 | 0.21 | 2.13 |
| Tax % | -0.00% | -0.00% | -9.52% | -0.00% | -0.00% | -0.00% | -0.00% | 19.25% |
| Net profit | 0.01 | -0.01 | -0.19 | 0.08 | 0.02 | -0.27 | 0.21 | 1.72 |
| EPS (₹) | 0.00 | -0.03 | -0.42 | 0.18 | 0.04 | -0.60 | 0.47 | 3.82 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mahan Industries Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.16 | 0.02 | 0.46 | 0.69 | 0.33 | 0.72 | 1.17 | 0.71 | 2.17 | 6.23 | 8.11 |
| Operating profit | -0.71 | -0.33 | -3.63 | -0.96 | -3.21 | -0.16 | 0.01 | -0.02 | -0.03 | 0.12 | -0.99 |
| OPM % | -443.75% | -1,650.00% | -789.13% | -139.13% | -972.73% | -22.22% | 0.85% | -2.82% | -1.38% | 1.93% | -12.21% |
| Net profit | -1.18 | -0.33 | -3.63 | -0.89 | -3.22 | -0.16 | -0.02 | -0.05 | -0.14 | 0.05 | 1.68 |
| EPS (₹) | -0.33 | -0.09 | -1.01 | -0.25 | -0.89 | -0.04 | -0.01 | -0.01 | -0.31 | 0.11 | 3.73 |
TTM is the trailing twelve months to the most recent quarter.
Mahan Industries Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 | 4.50 | 4.50 |
| Reserves | -24.65 | -24.98 | -28.61 | -29.50 | -32.72 | -32.88 | -32.90 | -32.95 | 0.66 | 0.71 |
| Borrowings | 3.06 | 3.21 | -0.00 | -0.00 | -0.00 | -0.00 | 3.48 | 3.47 | 3.47 | 5.27 |
| Other liabilities | 0.53 | 0.51 | 3.44 | 2.83 | 2.82 | 3.42 | 0.08 | 0.06 | 0.11 | 0.48 |
| Total liabilities | 14.94 | 14.74 | 10.83 | 9.33 | 6.10 | 6.54 | 6.66 | 6.58 | 8.74 | 10.96 |
| Fixed assets | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 7.46 | 7.42 | 4.10 | 3.28 | 1.42 | -0.00 | -0.00 | -0.00 | 0.32 | 0.91 |
| Other assets | 7.41 | 7.25 | 6.66 | 5.98 | 4.62 | 6.48 | 6.60 | 6.52 | 8.36 | 9.99 |
| Total assets | 14.94 | 14.74 | 10.83 | 9.33 | 6.10 | 6.54 | 6.66 | 6.58 | 8.74 | 10.96 |
As reported by the company. Total assets equal total liabilities by construction.
Mahan Industries Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -0.81 | -0.13 | -0.85 | 0.09 | -1.82 | -0.65 | -0.07 | 0.03 | -1.93 | 0.49 |
| Cash from investing | 2.10 | -0.02 | 0.69 | 0.51 | -0.01 | -0.01 | -0.01 | -0.01 | -0.33 | -2.27 |
| Cash from financing | -1.28 | 0.15 | 0.18 | -0.60 | 0.01 | 0.61 | 0.08 | -0.00 | 2.25 | 1.80 |
| Net cash flow | -0.00 | -0.01 | 0.01 | -0.00 | -1.82 | -0.04 | -0.00 | 0.02 | -0.01 | 0.02 |
| Free cash flow | -0.81 | -0.13 | -0.85 | 0.09 | -1.82 | -0.65 | -0.07 | 0.03 | -1.93 | 0.49 |
| CFO / operating profit | 114% | 39% | 23% | -9% | 57% | 406% | -700% | -150% | 6,433% | 408% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mahan Industries Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -4.45% | -2.30% | -33.58% | -12.81% | -65.64% | -5.00% | 0.21% | -0.31% | -0.40% | 1.26% |
| Debtor days | 2,532.19 | 19,892.50 | 968.04 | 666.52 | 4,877.73 | 2,463.75 | 723.76 | 1,166.97 | 381.82 | 75.58 |
| Inventory days | — | 1,338.33 | 160.00 | 24.33 | 94.19 | 79.64 | 57.17 | 193.24 | 59.80 | 81.18 |
| Days payable | — | 1,046.33 | 15.00 | 6.08 | 11.77 | -0.00 | 21.99 | 53.68 | 14.44 | 29.04 |
| Cash conversion cycle | 2,532.19 | 20,184.50 | 1,113.04 | 684.77 | 4,960.15 | 2,543.39 | 758.94 | 1,306.53 | 427.19 | 127.72 |
| Working capital days | -3,809.69 | -35,952.50 | -1,412.39 | -772.32 | 1,935.61 | 836.46 | 767.44 | 1,274.93 | 430.60 | 124.21 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mahan Industries Ltd shareholding pattern
Promoters held 1.16% at Jun 2026, broadly unchanged since Jun 2025.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 1.48% | 1.48% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| Public | 98.52% | 98.51% | 98.85% | 98.85% | 98.85% | 98.85% | 98.84% | 98.84% |
| No. of shareholders | 7,602 | 9,646 | 8,443 | 8,786 | 8,578 | 8,398 | 8,236 | 8,088 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Mahan Industries Ltd corporate filings
- Pursuant to Regulation 74(5) of SEBI (DP) Regulations, 2018, we herewith submit the confirmation certificate, as received from Registrar and Transfer Agent (RTA) for quarter ended on September ....Company Updatelow impact
- Corporate Voting Results Confirm Requisite Majorities for Resolutions at Mahan Industries' 32nd AGMAGM/EGMhigh impact
Cruxal's analysis: Mahan Industries Limited reported detailed voting outcomes from its 32nd AGM held on 28th…
Read the full analysis - Pursuant to provision of Regulation 9(1) of SEBI (PIT) Regulations, 2015 and in compliance with terms of code of conduct to regulate, monitor and report, trading by designated persons we ....Insider Trading / SASTlow impact
- Mahan Industries Limited concludes 32nd Annual General Meeting with routine business resolutionsAGM/EGMlow impact
Cruxal's analysis: Mahan Industries Limited has successfully concluded its 32nd Annual General Meeting held…
Read the full analysis - Mahan Industries Ltd issues clarification regarding recent stock price movementCompany Updatelow impact
Cruxal's analysis: Mahan Industries Ltd has submitted a clarification to the exchange regarding the recent…
Read the full analysis - Mahan Industries Ltd schedules 32nd Annual General Meeting for September 28, 2026Company Updatelow impact
Cruxal's analysis: Mahan Industries Ltd has published a newspaper advertisement in the Financial Express…
Read the full analysis - Mahan Industries Limited Issues Corrigendum to 32nd AGM Notice to Include Audited Financial StatementsAGM/EGMlow impact
Cruxal's analysis: Mahan Industries Limited has issued a corrigendum to its 32nd Annual General Meeting…
Read the full analysis - Mahan Industries Limited Announces 32nd AGM and Reports Financial Turnaround for FY 2025-26Othershigh impact
Cruxal's analysis: Mahan Industries Limited has scheduled its 32nd Annual General Meeting for September 28…
Read the full analysis - Mahan Industries Limited Announces 32nd AGM and Reports Financial Turnaround for FY 2025-26Othershigh impact
Cruxal's analysis: Mahan Industries Limited has scheduled its 32nd Annual General Meeting for September 28…
Read the full analysis - Mahan Industries Limited announces 32nd AGM and proposes increasing borrowing limits to INR 100 croreAGM/EGMmedium impact
Cruxal's analysis: Mahan Industries Limited has scheduled its 32nd Annual General Meeting for September 28…
Read the full analysis - Mahan Industries Ltd sets September 21, 2026, as record date for 32nd AGMCorp. Actionlow impact
Cruxal's analysis: Mahan Industries Ltd has announced September 21, 2026, as the record date to determine…
Read the full analysis - Mahan Industries Ltd announces book closure for 32nd Annual General MeetingCorp. Actionlow impact
Cruxal's analysis: Mahan Industries Ltd has scheduled its 32nd Annual General Meeting for September 28…
Read the full analysis - Mahan Industries Limited announces board approval for 32nd AGM and regulatory compliance measuresOtherslow impact
Cruxal's analysis: Mahan Industries Limited has formally approved the draft Director’s Report for the…
Read the full analysis - Mahan Industries Ltd announces reconstitution of Audit, Nomination and Remuneration, and Stakeholder Relationship CommitteesCompany Updatelow impact
Cruxal's analysis: Mahan Industries Ltd has formally notified the exchange regarding the reconstitution of…
Read the full analysis - Mahan Industries Limited Appoints Riddhi Hardishkumar Shah as Independent DirectorOtherslow impact
Cruxal's analysis: Mahan Industries Limited has announced the appointment of Riddhi Hardishkumar Shah as an…
Read the full analysis - Mahan Industries Limited Reports Significant Q1 FY2027 Profit Surge to 1.72 CroreBoard Meetinghigh impact
Cruxal's analysis: Mahan Industries Limited reported a substantial improvement in financial performance for…
Read the full analysis - Mahan Industries Limited shareholders approve preferential issue of equity shares and convertible warrants aggregating to 29.83 crore INRAGM/EGMhigh impact
Cruxal's analysis: Mahan Industries Limited has received shareholder approval at its EOGM held on August 15…
Read the full analysis - Mahan Industries Limited reports delay in submission of June 2026 quarterly financial resultsResultlow impact
Cruxal's analysis: Mahan Industries Limited has formally notified the BSE regarding a delay in the…
Read the full analysis - Mahan Industries Limited Concludes EOGM to Seek Shareholder Approval for Preferential Issue of Equity Shares and Convertible WarrantsAGM/EGMmedium impact
Cruxal's analysis: Mahan Industries Limited has concluded its Extra-Ordinary General Meeting (EOGM) held on…
Read the full analysis - Mahan Industries Limited Postpones Board Meeting to August 18, 2026, Amidst Independent Director ResignationCompany Updatelow impact
Cruxal's analysis: Mahan Industries Limited has announced the postponement of its board meeting, originally…
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