Debut Plus

44.8

+0.8 +1.82%

19 Jul 2026

NSE Listed · Paints/Varnish

Mcon Rasayan India Ltd. (MCON)

Volume: 2,000Avg Vol 1W: 4,400Avg Vol 1M: 10,59152W Range:37.3106
Market Cap₹33 Cr
Current Price₹44.8
Previous Close₹44
High / Low (52w)₹106 / ₹37.3
Volume2,000
Avg Vol (1W)4,400
Avg Vol (1M)10,591
Stock P/E64.93
Book Value₹3.89
Dividend Yield0%
ROE8.4%
ROA
Revenue (TTM)
Revenue Growth
Profit Margin
Total Debt
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹0.69
P/B11.52
Debt / Equity0.73
50 DMA₹46.74
200 DMA₹55.78
Day change+1.82%
Price Chart
44.8 56.57% · 1Y
1513892K
2025-07-18
2026-07-17

20-day avg volume: 11K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 21% YoY.
Cons
  • Stock trades at a high P/E of 65.
Quarterly Results
MetricJun 2022
Revenue₹7 Cr
EBITDA₹0 Cr
Net Profit₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹7 Cr₹9 Cr₹9 Cr₹19 Cr₹31 Cr₹43 Cr₹51 Cr
EBITDA₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹2 Cr₹5 Cr₹5 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹2 Cr
EPS56.511.731.251.292.623.563.1
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹9 Cr₹8 Cr₹8 Cr₹14 Cr₹30 Cr₹46 Cr₹71 Cr
Total Liabilities₹8 Cr₹7 Cr₹7 Cr₹12 Cr₹17 Cr₹30 Cr₹38 Cr
Equity₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹13 Cr₹16 Cr₹33 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹-2 Cr₹-5 Cr₹4 Cr₹-13 Cr
Investing₹0 Cr₹-1 Cr₹-5 Cr₹-9 Cr₹-2 Cr
Financing₹0 Cr₹3 Cr₹10 Cr₹6 Cr₹17 Cr
Free Cash Flow₹0 Cr₹-2 Cr₹-5 Cr₹4 Cr₹-13 Cr
Shareholding
Promoter 57.41% Institutions 3.48% Public 39.11%
Efficiency & Working Capital
ROCE10.9%
Interest Coverage2.3
Dividend Payout
Debtor Days162 d
Inventory Days208 d
Payable Days119 d
Cash Conversion Cycle252 d
Working Capital Days371 d
Shareholding Details

As of 2026-03-31

Promoter57.4%
FII0%
DII3.5%
Institutions3.5%
Public39.1%
Promoter Pledge0%
No. of Shareholders636
Shareholding Pattern

Quarterly — figures in %. Latest 11 quarters.

PeriodDec 2022Feb 2023Mar 2023Sept 2023Mar 2024Sept 2024Nov 2024Nov 2024Mar 2025Sept 2025Mar 2026
Promoters91.5%91.5%66.6%66.6%66.6%66.6%57.4%57.4%57.3%57.3%57.4%
FIIs0%0%0%0%0%1.5%5.9%5.9%4.1%1.7%0%
DIIs0%0%0%0%0%0%9.4%1.7%0%0%3.5%
Public8.5%8.5%33.4%33.4%33.4%31.8%27.4%35%38.6%40.9%39.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders77382295413486518518638684636
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Mahesh Ravji BhanushaliShareholding of Promoter and Promoter Group47.8%35,05,285
Chetan Ravji BhanushaliShareholding of Promoter and Promoter Group6.5%4,78,625
Europlus One Reality Private LimitedPublic Shareholding3.6%2,67,000
Dhairyashil Narayanarav ChatePublic Shareholding2.7%1,97,000
Devendra AgarwalPublic Shareholding2%1,50,000
Yogita Bhavesh ChauhanPublic Shareholding1.9%1,37,000
Puja Mahesh BhanushaliShareholding of Promoter and Promoter Group1.6%1,13,625
Nilam Chetan BhanushaliShareholding of Promoter and Promoter Group1.6%1,13,625
129 Wealth FundPublic Shareholding1.2%90,000
Hexaxis Advisors LimitedPublic Shareholding1.1%78,000
Vimla Ravji BhanushaliShareholding of Promoter and Promoter Group0%1
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Mahesh Ravji Bhanushali00%2026-03-31
Chetan Ravji Bhanushali00%2026-03-31
Puja Mahesh Bhanushali00%2026-03-31
Nilam Chetan Bhanushali00%2026-03-31
Vimla Ravji Bhanushali00%2026-03-31
129 Wealth Fund00%2026-03-31
Devendra Agarwal00%2026-03-31
Dhairyashil Narayanarav Chate00%2026-03-31
Yogita Bhavesh Chauhan00%2026-03-31
Europlus One Reality Private Limited00%2026-03-31
Hexaxis Advisors Limited00%2026-03-31
Mahesh Ravji Bhanushali00%2025-09-30
Board of Directors
NameDesignationYear
Mahesh Ravji BhanushaliChairman & Managing Director2025
Puja Mahesh BhanushaliNon Executive Director2025
Chetan Ravji BhanushaliWhole-time Director2025
Nandan Dilip PradhanWhole-time Director2025
Tapas Bimal MajumdarIndependent Director2025
Sonal Alok DoshiIndependent Director2025
Dilip Mangilal JainIndependent Director2025
Dhara Haresh ThakkarIndependent Director2025
Aesha Karan ShahCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101077
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20250002911
2025000101
2025000000
Company Information
Incorporated2016
ChairmanMahesh Ravji Bhanushali
AuditorDevang Kumar Dand & Associates.
Investor Email[email protected]
🌐 www.mconrasayan.com

📍 101/A 1st Floor Maxheal House, Plot-169 CTS-104 Bangur Nagar, Mumbai, Maharashtra, 400090

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