Mipco Seamless Rings (Gujarat) (BSE: MPCOSEMB) had a P/E of 47.4× on 6 Nov 2026, above the industry P/E of 12.1×, and the shares are 24% below their 52-week high. Its ROCE of 26% is the highest among the 7 largest Shell Companies peers. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹1.60 Cr. It is a small-cap company with a market cap of ₹12 Cr, ranked 11th of 19 Shell Companies companies by market cap; the shares rose 32% over the past year.
- ₹33.00
- ₹34.00
- ₹33.00
- ₹33.00
- 5K
Health check
- ReturnsAhead
+32.3% over a year, better than 6 of 7 peers.
- 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 flags2 to check
Negative net worth: liabilities exceed assets.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹12 Cr
- Small cap
- P/E
- 47.4
- Industry 12.1
- Price to book
- −9.99
- Peers 20.85
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers −2.6%
- ROCE
- 25.6%
- Peers −16.4%
- Debt to equity
- n/a
- Debt ₹1.60 Cr
- EPS (TTM)
- ₹0.71
- OPM (TTM)
- 4.5%
- Net margin 4.2%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 2.15
Strengths and risks
Strengths
- Return on capital employed of 25.6%.
Risks to check
- Negative net worth: liabilities exceed assets.
- P/E of 47.4 against an industry P/E of 12.1.
About Mipco Seamless Rings (Gujarat)
Mipco Seamless Rings (Gujarat) Limited engages in the trading of iron and iron goods. It also trades and deals in iron, steel, and other metals. The company was incorporated in 1980 and is based in Hyderabad, India.
- Headquarters
- Hyderabad
- Employees
- 3
- Sector
- Financial Services
- ISIN
- INE860N01012
- Website
- mipcoseamless.com
Price range
- Avg volume (3M)
- 9.7K
- 1-year return
- plus 32.3%
- From 52-week high
- minus 24.1%
Peers · Shell Companies
| Company | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLALBEML Land Assets | 164.97 | minus 1.00% | 687 | – | 613.27 | −16.4% | 1.0% | 64.8% | – | 0.00% | minus 19.7% |
| MELSTARMelstar Information Technologies | 382.01 | plus 5.00% | 107 | – | 20.85 | −43.4% | −6.1% | 58.0% | – | 0.00% | plus 8460.5% |
| INFOMEDIAInfomedia Press | 5.42 | minus 2.34% | 27 | – | −0.43 | 6.6% | – | 90.0% | – | 0.00% | minus 26.9% |
| JOHNPHARMAJohnson Pharmacare | 0.45 | 0.00% | 25 | – | 56.25 | −254.0% | −196.9% | −2605.3% | – | 0.00% | minus 30.8% |
| CHMBBRWChambal Breweries & Distilleries | 32.40 | minus 4.99% | 24 | – | 29.59 | −25.1% | −20.2% | −817.6% | – | 0.00% | minus 22.7% |
| BOMBWIRBombay Wire Ropes | 37.00 | minus 1.54% | 20 | 6.8 | 1.77 | −0.9% | 31.2% | −29.2% | – | 0.00% | minus 33.2% |
| MDRNSTLModern Steels | 12.80 | plus 3.14% | 18 | 12.1 | 0.93 | −5.0% | 5.7% | 0.0% | −57.6% | 0.00% | minus 25.8% |
| MPCOSEMBMipco Seamless Rings (Gujarat) | 33.66 | plus 2.00% | 12 | 47.4 | −9.99 | 25.6% | – | 4.5% | – | 0.00% | plus 32.3% |
| Median of 7 peers | – | −1.00% | 25 | 9.4 | 20.85 | −16.4% | −2.6% | 0.0% | −57.6% | 0.00% | −25.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | 0.5 | 0.6 | 3.2 | 1.3 | |
| – | 0.5 | 0.6 | 3 | 1.2 | |
| −0.1 | 0 | 0 | 0.1 | 0.1 | |
| – | 7.8% | 4.6% | 3.7% | 4.9% | |
| 0 | −0 | 0 | 0 | 0 | |
| 0 | – | – | – | – | |
| −0.1 | 0 | 0 | 0.1 | 0.1 | |
| −0.1 | 0 | 0 | 0.1 | 0.1 | |
| -0.23 | 0.12 | 0.08 | 0.33 | 0.18 |
Profit & loss
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | – | – | 4.3 | |
| – | – | – | 4.2 | |
| −0 | −0.3 | −0.2 | 0.1 | |
| – | – | – | 2.4% | |
| 0 | 0 | 0 | −0 | |
| – | 0 | 0 | 0 | |
| – | 0 | 0.1 | – | |
| −0 | −0.3 | −0.1 | 0.1 | |
| – | – | – | 15.7% | |
| −0 | −0.3 | −0.1 | 0.1 | |
| -0.07 | -0.86 | -0.29 | 0.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.6 | 5.6 | 5.6 | 5.6 | |
| −6.5 | −8.8 | −8.9 | −8.8 | |
| 0.8 | 0.7 | 1.4 | 1.6 | |
| 0.4 | 2.6 | 2 | 2.5 | |
| 0.4 | 0.1 | 0.2 | 0.9 | |
| 0 | 0 | 0 | 0.2 | |
| 0.3 | 0.1 | 0.1 | 0.7 | |
| 0.4 | 0.1 | 0.2 | 0.9 |
Cash flow
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 0.2 | −0.7 | −0 | |
| −0.1 | 0.7 | 0.2 | |
| 0 | 0 | 0.2 | |
| 0.2 | −0.7 | −0 |
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.