Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · Mihika Industries Ltd. · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Mihika Industries Ltd.
BSE: 538895
BSE: 538895
Services › Services › Commercial Services & Supplies › Trading & Distributors
Mihika Industries Ltd.
StateQ1 FY27 filed
Last close · 9 Oct 2026₹10.74
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA153.4 · 0.49 · 134.2
Mihika Industries Ltd. is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 0 | 6 | 35 | 3 |
| EBITDA (ex other income) | (1) | (5) | (1) | (0) | (0) |
| margin % | (81.4) | — | (11.1) | (1.4) | (18.4) |
| Owners' profit | (0) | (2) | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.02) | (2.42) | 0.02 | 0.05 | 0.09 |
| ROE % · ROCE % | (0.1) · (0.1) | (11.2) · (15.0) | 0.9 · 0.9 | 0.3 · 0.5 | 0.4 · 0.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Cash from operations | (1) | 0 | 1 | 19 | (2) |
| Capex | (0) | 0 | 0 | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Mihika Industries Ltd. · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 1 | 28 | 2 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 0 | (1) | 0 | 0 | 0 | (0) | 0 |
| Net profit | 0 | 0 | (1) | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.44 | 0.21 | (0.73) | 0.01 | 0.04 | 0.01 | 0.01 | 0.01 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,351 | 17.8 | 2.91 | 14.1 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 8,166 | 18.3 | 3.85 | 17.4 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 4,696 | 20.0 | 5.20 | 13.9 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,593 | 24.5 | 4.11 | 18.4 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,178 | — | 13.10 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 755 | 8.3 | 0.59 | 190.1 | 4.0 | 0.3 | 4.8 | 6.2 |
| SHIV AUM STEELS LIMITED | 748 | 65.8 | 6.19 | 47.7 | 6.0 | 6.9 | — | 4.9 |
| SHANKARA BUILDPRO LIMITED | 609 | 4.6 | 1.12 | 2.7 | 23.4 | 31.8 | — | 3.3 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 174.1 | 15.8 | 125 of 130 | 4% |
| P/B | 0.6 | 1.0 | 48 of 150 | 69% |
| ROCE | 0.4 | 2.1 | 119 of 177 | 33% |
| ROE | 0.4 | 2.3 | 107 of 158 | 33% |
| Debt / Equity | 0.0 | 0.1 | 59 of 154 | 62% |
| EBITDA margin | 3.2 | 4.5 | 82 of 137 | 40% |
| Revenue growth | (72.8) | (8.6) | 106 of 135 | 22% |
| Profit growth | (24.8) | 0.6 | 88 of 157 | 44% |
| Market cap | 12 | 22 | 116 of 180 | 36% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Mihika Industries Ltd. · 9 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · Trading Window Closed for Q2 FY26 Results Period | compliance | minimal | — | — |
| 3 Sept 2026 · AGM 2026: all 13 resolutions passed including capital hike and MD reappointment | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · 43rd AGM Scrutinizer Report - All 13 Resolutions Passed | compliance | minimal | — | — |
| 1 Sept 2026 · 43rd AGM held; resolutions on capital, auditors and directors tabled | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Mihika Industries publishes 43rd AGM notice, book closure and e-voting details | compliance | minimal | — | — |
| 11 Aug 2026 · Book Closure for 43rd AGM | corporate actions | medium | — | — |
| 10 Aug 2026 · Mihika Industries submits 43rd Annual Report for FY 2025-26 | compliance | low | — | — |
| 10 Aug 2026 · 43rd AGM on 1 Sep 2026; capital hike, auditor change, RPT approval on agenda | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Board outcome: auditor change, office shift to Ahmedabad, AGM notice | general | low | — | — |
| 10 Aug 2026 · Statutory auditor resigns mid-term; new auditors appointed; registered office shift to Gujarat | management changes | medium | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in