Debut Plus

₹11.63

■ +0.55

18 Jul 2026

BSE Listed

GSM 4

Mahan Industries Ltd. (531515)

Volume: 2,039Avg Vol 1W: 1,168Avg Vol 1M: 2,35552W Range:₹7.91₹11.63
BSE www.maha.co.in
Key Ratios
Checked 5h ago
Market Cap₹5 Cr
Current Price₹11.63
Previous Close₹11.08
High / Low (52w)₹11.63 / ₹7.91
Volume2,039
Avg Vol (1W)1,168
Avg Vol (1M)2,355
Stock P/E116.3
Book Value₹11.58
Dividend Yield0%
ROE88.53%
ROA36.5%
Revenue (TTM)—
Revenue Growth—
Profit Margin68.38%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0.1
P/B1
Debt / Equity0.85
50 DMA₹9.42
200 DMA₹5.08
Day change—
SurveillanceGSM 4 (as of 2026-07-17)
Price Chart
₹11.63▲ 47.03% · 1Y
₹12₹313K
2025-07-21
2026-07-13

20-day avg volume: 2K shares

Pros
  • Healthy return on equity of 88.5%.
  • Company is almost debt-free.
  • Revenue grew 204% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 116.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue————————
EBITDA————————
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹2 Cr
EBITDA₹0 Cr₹-4 Cr₹-1 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹-4 Cr₹-1 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS-0.09-1.01-0.25-0.89-0.05-0.01-0.01-0.3
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹15 Cr₹11 Cr₹9 Cr₹6 Cr₹7 Cr₹7 Cr₹7 Cr₹9 Cr
Total Liabilities₹4 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹4 Cr₹4 Cr₹4 Cr
Equity₹11 Cr₹7 Cr₹6 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹5 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-2 Cr₹-1 Cr₹0 Cr₹0 Cr₹-2 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹2 Cr
Free Cash Flow₹-2 Cr₹-1 Cr₹0 Cr₹0 Cr₹-2 Cr
Shareholding
Promoter 1.16% Institutions 0% Public 98.84%
Efficiency & Working Capital
ROCE1.1%
Interest Coverage-0.7
Dividend Payout—
Debtor Days382 d
Inventory Days49 d
Payable Days12 d
Cash Conversion Cycle420 d
Working Capital Days432 d
Shareholding Details

As of 2026-03-31

Promoter1.2%
FII0%
DII0%
Institutions0%
Public98.8%
Promoter Pledge0%
No. of Shareholders8,236
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Feb 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters1.5%1.5%1.5%1.5%1.5%1.5%1.5%1.2%1.2%1.2%1.2%1.2%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public98.5%98.5%98.5%98.5%98.5%98.5%98.5%98.8%98.8%98.8%98.8%98.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,1294,1014,5615,6437,6029,6467,8738,4438,7868,5788,3988,236
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Mahan Industries Ltd -unclaimed SecuritiesPublic Shareholding29%13,03,184
Godavari Commercial Services Private LimPublic Shareholding5.6%2,51,000
Kapadia Finwealth LlpPublic Shareholding5.6%2,50,000
Shah Amee TPublic Shareholding5.6%2,50,000
Aalyya Traders Private LimitedPublic Shareholding3.8%1,69,500
Religare Finvest LimitedPublic Shareholding3.7%1,64,372
Gautam Keshavlal ChauhanPublic Shareholding3.4%1,55,000
Vegada N PradipkumarPublic Shareholding3.2%1,42,000
Noopur Kushan FarkiwalaPublic Shareholding2.3%1,03,000
Westlite Infraprojects Private LimitedPublic Shareholding2%89,636
Yuvika TradewingPublic Shareholding1.5%67,500
Yogendrakumar GuptaShareholding of Promoter and Promoter Group1.2%52,169
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Yogendrakumar Gupta00%2026-03-31
Noopur Kushan Farkiwala00%2026-03-31
Vegada N Pradipkumar00%2026-03-31
Gautam Keshavlal Chauhan00%2026-03-31
Shah Amee T00%2026-03-31
Yuvika Tradewing00%2026-03-31
Westlite Infraprojects Private Limited00%2026-03-31
Religare Finvest Limited00%2026-03-31
Aalyya Traders Private Limited00%2026-03-31
Godavari Commercial Services Private Lim00%2026-03-31
Kapadia Finwealth Llp00%2026-03-31
Mahan Industries Ltd -unclaimed Securities00%2026-03-31
Board of Directors
NameDesignationYear
Y K GuptaChairman / Executive Director / M D / Promoter2025
Amita Chhaganbhai PragadaIndependent Non Exe. Director2025
Sushilkumar GoelIndependent Non Exe. Director2025
Yash Kamleshkumar ShahIndependent Non Exe. Director2025
Ritendrasinh K RathodCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹103755
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-16Board Meetings—
forthcoming2026-07-14Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Company Information
Incorporated1995
ChairmanY K Gupta
AuditorS D P M & Co.
Investor Email[email protected]
🌐 www.maha.co.in ↗

📍 D K House 3rd Floor, Near Mithakali Underbridge, Ahmedabad, Gujarat, 380006

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