As of 6 Nov 2026, Mihika Industries trades at 178.0× trailing earnings, above the industry P/E of 23.2×, and the shares are 37% below their 52-week high. It earns ROCE of 0.4% and ROE of 0.4%, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹12 Cr, ranked 21st of 28 Food Distribution companies by market cap; the shares fell 35% over the past year.
- ₹10.68
- ₹10.68
- ₹10.68
- ₹11.77
- 22.5K
Health check
- ReturnsBehind
−34.7% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityWeak
ROCE 0.4% vs peer median 16.4%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags5 to check
Return on equity is low at 0.4%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹12 Cr
- Small cap
- P/E
- 178.0
- Industry 23.2
- Price to book
- 0.05
- Peers 3.92
- Dividend yield
- 0.00%
- ROE
- 0.4%
- Peers 13.3%
- ROCE
- 0.4%
- Peers 16.4%
- Debt to equity
- 0.01
- Debt ₹0.16 Cr
- EPS (TTM)
- ₹0.06
- OPM (TTM)
- −33.1%
- Net margin 1.2%
- Sales growth
- −72.7%
- Latest quarter vs a year ago
- Profit growth
- −25.4%
- Latest quarter vs a year ago
- Price to sales
- 1.95
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 0.4%.
- Quarterly profit down 25.4% on a year ago.
- Quarterly sales down 72.7% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- P/E of 178.0 against an industry P/E of 23.2.
About Mihika Industries
Mihika Industries Limited engages in the trading and distribution of commodities and fabrics in India. It also trades in agriculture goods and materials, as well as involved in the commission agents and investment businesses. The company was formerly known as Ashish Vanijya Pratishthan Limited and changed its name to Mihika Industries Limited on May 05, 1995. Mihika Industries Limited was incorporated in 1983 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Sector
- Consumer Defensive
- ISIN
- INE779Q01017
- Website
- mihikaindustries.co.in
Price range
- Avg volume (3M)
- 29.1K
- 1-year return
- minus 34.7%
- From 52-week high
- minus 36.8%
Peers · Food Distribution
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DODLADodla Dairy | 980.60 | minus 0.92% | 5,916 | 27.4 | 3.44 | 15.9% | 13.3% | 5.8% | 13.6% | 29.7% | 0.51% | minus 20.4% |
| MRUTRMrugesh Trading | 71.09 | minus 4.78% | 5,136 | – | 49.75 | −0.3% | −0.5% | −12.3% | – | – | 0.00% | plus 3293.6% |
| VADILENTVadilal Enterprises | 9,470.00 | minus 0.05% | 817 | 59.8 | 11.89 | 25.7% | 25.2% | 3.0% | 9.3% | 19.3% | 0.02% | minus 6.2% |
| SURJINDSuraj Industries | 55.98 | minus 1.62% | 437 | 29.5 | – | 1.0% | −0.5% | 14.0% | −16.5% | – | 0.00% | plus 13.8% |
| CHANDRIMAChandrima Mercantiles | 7.21 | plus 4.95% | 240 | – | 2.31 | – | −0.3% | 6.0% | – | – | 0.00% | minus 31.4% |
| PRIMEFRESHPrime Fresh | 156.45 | minus 2.10% | 217 | 15.1 | 2.38 | 19.6% | 16.4% | 7.5% | 40.2% | 37.7% | 0.00% | minus 44.7% |
| GUJJUBHAIGujjubhai Industries | 85.31 | plus 0.04% | 178 | 34.4 | 4.41 | 16.9% | 13.7% | 6.2% | 65.8% | 30.7% | 0.00% | minus 62.9% |
| MIHIKAMihika Industries | 10.68 | minus 9.26% | 12 | 178.0 | 0.05 | 0.4% | 0.4% | −33.1% | – | – | 0.00% | minus 34.7% |
| Median of 7 peers | – | −0.92% | 437 | 29.5 | 3.92 | 16.4% | 13.3% | 6.0% | 13.6% | 30.2% | 0.00% | −20.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1.7 | 0.3 | 0.2 | 0.4 | 0.5 | |
| 1.8 | 0.4 | 0.3 | 0.6 | 0.6 | |
| −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | |
| −8.1% | −25.8% | −53.7% | −33.3% | −28.3% | |
| 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0 | – | – | – | – | |
| 0 | 0.1 | 0 | −0 | 0 | |
| 26.2% | 25.9% | 26.0% | 235.5% | 25.9% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.01 | 0.04 | 0.01 | 0.01 | 0.01 |
Profit & loss
- ROE
- 0.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | 6.2 | 34.7 | 2.7 | |
| – | – | +459.9% | minus 92.3% | |
| – | 6.7 | 35.2 | 3.2 | |
| −1.2 | −0.5 | −0.5 | −0.5 | |
| – | −8.5% | −1.4% | −18.4% | |
| 1.1 | 0.8 | 0.6 | 0.6 | |
| – | – | 0 | 0 | |
| 0 | 0 | – | – | |
| −3.1 | −0.1 | −0 | – | |
| −3.2 | 0.2 | 0.1 | 0.1 | |
| 25.5% | 8.4% | 50.9% | – | |
| −2.4 | 0.2 | 0.1 | 0.1 | |
| – | – | minus 69.1% | +57.9% | |
| -2.42 | 0.18 | 0.05 | 0.09 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 10 | 10 | 10 | |
| 11.7 | 11.8 | 11.9 | 12 | |
| – | 0 | 0.2 | 0.2 | |
| 0.4 | 0.2 | 0 | 0 | |
| 22.1 | 22 | 22.1 | 22.2 | |
| 0 | 0 | 0 | 0 | |
| 0.3 | – | – | – | |
| 0.6 | 0 | 0 | 0 | |
| 21.2 | 22 | 22 | 22.1 | |
| 22.1 | 22 | 22.1 | 22.2 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.5 | −0.9 | 19.9 | −2.9 | |
| −0.3 | 0.3 | −20.1 | 2.9 | |
| – | 0 | 0.1 | −0 | |
| 0.2 | −0.5 | −0 | 0 | |
| 0.5 | −0.9 | 19.9 | −2.9 |
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.