BSE: 523888
MEGAMONT LIMITED
Following its November 2025 acquisition of two subsidiaries — Nidimo Mont Private Limited and Parent Mont International Private Limited — the entity shifted from a legacy wood-based business (originally Veera Treatwood, later V.R. Woodart Limited) into a global stainless steel and cross-border commodity arbitrage trading platform. All FY26 consolidated revenue of Rs 601.18 crore is earned through these subsidiaries; the standalone parent recorded zero revenue in the period. The trading platform spans Asia, the Middle East, Africa and Europe. Materials — the cost of stainless steel and other commodities being traded — account for 98.2% of revenue, with employee and other operating costs together at roughly 1%, leaving an EBITDA margin of 1.73% and net profit of Rs 6.22 crore. The company was renamed Megamont Limited in February 2026 and changed promoter hands in March 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Stainless steel and cross-border commodity arbitrage trading, Legacy wood-based operations (standalone) (0%). Asset-light, thin-margin global commodity trading business; formerly a small wood-products company now in a post-acquisition transformation
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 601 |
| EBITDA (ex other income) | 5 |
| margin % | 0.8 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 3.00 |
| ROE % · ROCE % | 18.4 · 26.8 |
| Debt / equity (x) | 1.51 |
| Cash from operations | (69) |
| Capex | 0 |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 315 | 287 |
| Profit before tax | 4 | 5 |
| Net profit | 3 | 4 |
| EPS (₹) | 1.45 | 1.73 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MRF LTD | 50,055 | 20.7 | 2.39 | 9.8 | 11.6 | 14.0 | 14.0 | 14.1 |
| BALKRISHNA IND. LTD | 40,512 | 28.8 | 3.70 | 17.5 | 11.3 | 13.0 | 13.4 | 24.4 |
| APOLLO TYRES LTD | 24,642 | 14.4 | 1.47 | 8.1 | 8.2 | 6.2 | 10.4 | 12.8 |
| CEAT LIMITED | 12,546 | 21.5 | 2.48 | 7.7 | 13.8 | 12.8 | 15.6 | 8.4 |
| JK TYRE & INDUSTRIES LTD | 8,792 | 13.2 | 1.45 | 6.8 | 12.8 | 9.9 | 12.4 | 7.1 |
| TVS SRICHAKRA LIMITED | 3,199 | 34.6 | 2.69 | 13.3 | 6.0 | 6.3 | 13.4 | 8.8 |
| GOODYEAR INDIA LIMITED | 1,573 | 25.6 | 2.60 | — | 10.1 | 12.2 | — | 4.3 |
| MEGAMONT LIMITED ◆ | 537 | 58.4 | 15.89 | 56.5 | 18.4 | 21.3 | — | 2.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 58.4 | 25.6 | 12 of 13 | 8% |
| P/B | 15.9 | 2.4 | 15 of 16 | 7% |
| ROCE | 21.3 | 9.9 | 2 of 17 | 94% |
| ROE | 18.4 | 9.0 | 1 of 16 | 100% |
| Debt / Equity | 1.5 | 0.4 | 15 of 16 | 7% |
| EBITDA margin | 2.2 | 7.6 | 14 of 16 | 13% |
| Market cap | 537 | 326 | 8 of 17 | 56% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Megamont secures 250 MT crude palm oil deal worth Rs 3.14 crore | compliance | low | — | — |
| 21 Oct 2026 · Clarification on delayed disclosure under Reg 30 LODR | compliance | minimal | — | — |
| 19 Oct 2026 · Megamont bags Rs. 6.04 crores order from AWL Agri Business | business updates | high | — | — |
| 16 Oct 2026 · Credit rating assigned to Megamont's wholly-owned subsidiary PMIPL | credit debt | medium | — | — |
| 15 Oct 2026 · Megamont secures 2.13 Crore Pigeon Peas import contract from Africa | business updates | medium | — | — |
| 14 Oct 2026 · Megamont submits quarterly RTA compliance certificate for Sep 2026 | compliance | minimal | — | — |
| 7 Oct 2026 · Megamont signs Rs 3.74 crore contract with Bunge India for soyabean oil | compliance | low | — | — |
| 7 Oct 2026 · Megamont files investor presentation highlighting commodity trading pivot | investor communications | medium | — | — |
| 3 Oct 2026 · Megamont 36th AGM: All 3 resolutions passed with 100% approval | compliance | minimal | — | — |
| 1 Oct 2026 · Megamont joins Globoil India 2026 as Diamond Partner | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.