As of 6 Nov 2026, Mehul Telecom trades at 22.8× trailing earnings, below the industry P/E of 44.1×, and the shares are 13% below their 52-week high. It earns ROCE of 38% and ROE of 45%. Debt is 0.13× equity. It is listed on an SME platform with a market cap of ₹135 Cr, ranked 6th of 10 Consumer Electronics companies by market cap; the shares rose 17% over the past year.
- ₹132.70
- ₹132.70
- ₹126.00
- ₹132.05
- 1.8 L
Health check
- ReturnsAhead
+17.3% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 22.8 vs industry 44.1.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 38.0% vs peer median 7.1%.
- Balance sheetStretched
Debt 0.13× equity, interest covered 181.2×, Piotroski 2 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹135 Cr
- Small cap
- P/E
- 22.8
- Industry 44.1
- Price to book
- 3.62
- Peers 3.60
- Dividend yield
- 0.00%
- ROE
- 44.9%
- Peers 4.3%
- ROCE
- 38.0%
- Peers 7.1%
- Debt to equity
- 0.13
- Debt ₹3.46 Cr
- EPS (TTM)
- ₹5.67
- OPM (TTM)
- 8.2%
- Net margin 5.0%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.67
- EV/EBITDA 7.2
Strengths and risks
Strengths
- Return on equity of 44.9%.
- Return on capital employed of 38.0%.
- P/E of 22.8 against an industry P/E of 44.1.
About Mehul Telecom
Mehul Telecom Limited operates as a multi-brand retailer of smartphones, consumer electronics, accessories, and connected lifestyle products in India. The company was founded in 2008 and is based in Rajkot, India.
- Headquarters
- Rajkot
- Sector
- Technology
- ISIN
- INE1K0V01011
- Website
- mehultelecom.com
Price range
- Avg volume (3M)
- 32.1K
- 1-year return
- plus 17.3%
- From 52-week high
- minus 13.1%
Peers · Consumer Electronics
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LGEINDIALG Electronics India | 1,754.10 | minus 1.37% | 1,19,063 | 61.9 | 15.53 | 27.6% | 22.0% | 10.1% | – | – | 0.00% | plus 8.9% |
| DIXONDixon Technologies (India) | 12,625.00 | plus 0.07% | 77,228 | 44.1 | 10.94 | 34.1% | 30.6% | 3.2% | 58.6% | 77.9% | 0.08% | minus 17.3% |
| VOEPLVirtuoso Optoelectronics | 486.25 | minus 4.98% | 1,748 | 87.3 | 3.60 | 9.0% | 4.3% | 9.8% | 30.5% | 24.3% | 0.00% | plus 11.7% |
| BPLBPL | 42.91 | minus 0.44% | 210 | – | 0.89 | 0.9% | −3.9% | 3.6% | 14.4% | – | 0.00% | minus 40.9% |
| LASTMILELast Mile Enterprises | 4.40 | minus 6.78% | 157 | 17.6 | 0.38 | 5.2% | 3.1% | 0.5% | 272.8% | 38.0% | 0.45% | minus 64.8% |
| MTLMehul Telecom | 129.00 | minus 2.31% | 135 | 22.8 | 3.62 | 38.0% | 44.9% | 8.2% | – | – | 0.00% | plus 17.3% |
| PALREDTECPalred Technologies | 45.52 | plus 4.98% | 56 | – | 1.30 | – | −8.6% | −3.7% | – | – | 0.00% | minus 23.8% |
| SAMTELINSamtel India | 44.14 | plus 1.99% | 31 | 551.8 | 16.35 | −20.8% | 37.6% | −221.7% | – | −56.6% | 0.00% | plus 2189.9% |
| Median of 7 peers | – | −0.44% | 210 | 61.9 | 3.60 | 7.1% | 4.3% | 3.2% | 44.5% | 31.1% | 0.00% | −17.3% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- ROE
- 44.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| 80.2 | 107 | 121 | |
| – | +33.7% | +12.8% | |
| 79.4 | 104 | 113 | |
| 0.7 | 3 | 8 | |
| 0.9% | 2.8% | 6.6% | |
| 0.1 | 0.2 | 0.1 | |
| 0 | 0.1 | 0 | |
| 0.1 | 0.2 | 0 | |
| 0 | – | – | |
| 0.7 | 3 | 8.1 | |
| 27.4% | 26.1% | 25.0% | |
| 0.5 | 2.2 | 6 | |
| – | +326.6% | +175.2% | |
| 0.49 | 2.10 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| – | 0.1 | 7.6 | |
| – | −0 | 9.5 | |
| 1.2 | – | 0.1 | |
| 10.7 | 0 | 17.2 | |
| 13.2 | 0.1 | 34.4 | |
| 1.2 | – | 0.1 | |
| 0.2 | – | – | |
| 0.6 | – | – | |
| 0.8 | 0 | 4 | |
| 10.4 | 0.1 | 30.3 | |
| 13.2 | 0.1 | 34.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| −2 | −0.1 | −11.3 | |
| −1 | – | −0.2 | |
| 3.6 | 0.1 | 15.5 | |
| 0.6 | 0 | 4 | |
| – | – | −0.2 | |
| −2 | −0.1 | −11.5 |
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.