On 8 Oct 2026, Mahip Industries was priced at ₹16.02, or 11.0× trailing earnings, and the shares are 47% below their 52-week high. It earns ROCE of 48%, though net profit is above operating profit, which points to a one-off gain. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹7.07 Cr. It is a small-cap company with a market cap of ₹31 Cr; the shares rose 48% over the past year.
- ₹16.02
- ₹16.02
- ₹16.02
- ₹16.02
- 40K
Health check
- ReturnsStrong
+48.1% over the past year.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags4 to check
Negative net worth: liabilities exceed assets.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹31 Cr
- Small cap
- P/E
- 11.0
- Price to book
- −4.20
- Book value ₹−3.82
- Dividend yield
- 0.00%
- ROE
- n/a
- Return on equity
- ROCE
- 47.7%
- Return on capital employed
- Debt to equity
- n/a
- Debt ₹7.07 Cr
- EPS (TTM)
- ₹1.46
- OPM (TTM)
- −4.1%
- Net margin 30.8%
- Sales growth
- −68.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.39
- EV/EBITDA 21.1
Strengths and risks
Strengths
- Return on capital employed of 47.7%.
Risks to check
- Negative net worth: liabilities exceed assets.
- Quarterly sales down 68.0% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 47% below its 52-week high.
About Mahip Industries
Mahip Industries Limited manufactures, designs, imports, exports, and deals paper and plastic products for packing and industrial packing materials in India. The company offers corrugated boxes, corrugated sheets, corrugated rolls, carton board, carton boxes, fruit boxes, wooden boxes, paper board, paper pallets, aluminum foils, metal rings with seals, polythene bags, plastic injection and blow moulded articles, fibre drums, plastic coating on electric…
- Headquarters
- Ahmedabad
- Employees
- 10
- Sector
- Consumer Cyclical
- ISIN
- INE00CX01017
- Website
- mahipindustriesltd.in
Price range
- Avg volume (3M)
- 5.2K
- 1-year return
- plus 48.1%
- From 52-week high
- minus 46.6%
Peers
We couldn’t find listed peers for this company.
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.1 | 3.6 | 6.2 | 9.1 | |
| – | – | +71.3% | +46.2% | |
| −0.7 | 6.6 | 6.8 | 7.3 | |
| −1.4 | −3 | −0.6 | 1.8 | |
| 67.5% | −82.5% | −9.4% | 19.7% | |
| 0.3 | 0.4 | 0.1 | 0 | |
| 0 | 1.3 | 0.1 | 0 | |
| 0.2 | 0.2 | 0.3 | 0.3 | |
| −1.7 | 2 | 1 | 1.3 | |
| −3 | −2.2 | 0.1 | 2.8 | |
| −3 | −2.2 | 0.1 | 2.8 | |
| -1.58 | -1.43 | 0.04 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 19.2 | 19.2 | 19.2 | 19.2 | |
| −27.4 | −29.5 | −29.4 | −26.6 | |
| 32.5 | 8.8 | 7 | 7.1 | |
| 9 | 20.8 | 12.2 | 10.7 | |
| 33.3 | 19.4 | 9.1 | 10.5 | |
| 1.5 | 1.4 | 1.5 | 1.4 | |
| 0.2 | – | – | – | |
| 0.2 | 0.3 | 0.1 | 0 | |
| 31.4 | 17.7 | 7.5 | 9 | |
| 33.3 | 19.4 | 9.1 | 10.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.1 | −21.2 | −0.2 | −0.9 | |
| −0.5 | 23.9 | 1.8 | 0.9 | |
| −1.6 | −2.6 | −1.9 | −0 | |
| 0 | 0.1 | −0.2 | −0 | |
| – | −0.2 | −0.5 | −0.2 | |
| 2.1 | −21.4 | −0.7 | −1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.