BSE: 522036
MIVEN MACHINE TOOLS LTD.
Miven Machine Tools Ltd is a BSE-listed company (scrip code 522036) historically engaged in metal-cutting and grinding machine tools. Revenue from operations has effectively dried up in FY26, with Q2 FY26 and Q3 FY26 each reporting zero revenue from operations and the full year showing just Rs 17.10 lakhs of operating income, with total income of Rs 17.10 lakhs. At the 40th AGM on 12 September 2025, shareholders approved an amendment to the main objects of the Memorandum of Association to enter the business of manufacturing, assembling and designing all types of water-dispensing machines, and its Corporate Identity Number was changed from L29220TS1985PLC197616 to L36000TS1985PLC197616 in November 2025, reflecting a shift in its National Industrial Classification code. The company holds no plant, property, equipment or inventory, has no tangible manufacturing base on the balance sheet, and is no longer earning meaningful revenue from machine tools. Employee cost in FY26 stood at 146% of revenue and other operating expenses at 255.3% of revenue, resulting in a net loss of Rs 43.93 lakhs for the year. The statutory auditor flagged material uncertainty related to going concern, with total liabilities of Rs 629.19 lakhs against total assets of only Rs 33.51 lakhs and negative other equity of Rs 898.90 lakhs, against equity share capital of Rs 300.35 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations, Other income. Non-operational small-cap with fully eroded net worth, pivoting business objective from machine tools to water-dispensing machines
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 1 | 1 | 0 | 0 |
| EBITDA (ex other income) | (1) | 7 | (0) | (1) | (1) |
| margin % | (35.9) | 671.5 | (24.1) | — | (301.3) |
| Owners' profit | (1) | 7 | (0) | (1) | (0) |
| EPS, as reported (₹) | (4.95) | 24.67 | (0.93) | (2.04) | (1.46) |
| ROE % · ROCE % | 12.4 · 17.7 | (159.6) · (336.1) | 5.7 · 8.3 | 11.1 · 24.2 | 7.4 · 19.1 |
| Debt / equity (x) | (0.53) | (0.48) | (0.46) | (0.54) | (0.61) |
| Cash from operations | (0) | 4 | (0) | (1) | (1) |
| Capex | 0 | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | 0 | (0) |
| EPS (₹) | (0.51) | (0.48) | (0.53) | (0.55) | (0.49) | (0.51) | 0.10 | (0.52) |
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. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| EBITDA margin | (520.3) | 12.4 | 110 of 110 | 0% |
| Profit growth | 6.2 | 17.1 | 62 of 109 | 44% |
| Market cap | 25 | 273 | 123 of 141 | 13% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · Registered office shifted to Banjara Hills, Hyderabad | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed for insiders ahead of Q2 results | compliance | minimal | — | — |
| 17 Sept 2026 · Clarification on stock price movement submitted to BSE | regulatory legal | low | — | — |
| 16 Sept 2026 · AGM e-voting results: all resolutions passed unanimously | board shareholder meetings | low | — | — |
| 15 Sept 2026 · BSE seeks clarification on significant price movement | regulatory legal | high | — | — |
| 15 Sept 2026 · 41st AGM proceedings of Miven Machine Tools held on 15 Sep 2026 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · 41st AGM on 15 Sep 2026 via video conferencing; e-voting 12-14 Sep | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Miven Machine Tools announces 41st AGM on September 15, 2026 | compliance | minimal | — | — |
| 17 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 14 Aug 2026 · Miven Machine Tools Q1 FY27 Results: Loss of Rs 15.61L, Going Concern Doubt | results | high | — | — |
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.