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
| ₹ crore · consolidated | 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 |
| ₹ 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 | 53.5 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 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 | — | — |
| 14 Aug 2026 · Q1 FY27 results: Revenue plunges, auditor flags going concern uncertainty | results | high | — | — |
| 7 Aug 2026 · Board meeting on 14 Aug 2026 to consider Q1 FY26 results and AGM notice | board shareholder meetings | low | — | — |
| 17 Jul 2026 · RTA Certificate under SEBI Reg 74(5) for Q1 FY26-27 | compliance | minimal | — | — |
| 24 Jun 2026 · Trading window closed from July 1, 2026 for Q1 FY27 results | compliance | minimal | — | — |
| 1 Jun 2026 · Intimation of Starting and concluding time of the Board Meeting held on 30 May 2026. Board Meeting started at 12:20 PM and concluded at 13:00 PM. | results | high | — | — |
| 1 Jun 2026 · Enclosing the copies of newspaper advertisement in connection with publication of audited financial results for the quarter and year ended 31 March 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows |
|---|
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 44.1 | 26.9 | 96 of 138 | 31% |
| ROCE | 19.1 | 11.3 | 32 of 144 | 78% |
| ROE | 7.4 | 9.5 | 72 of 117 | 39% |
| Debt / Equity | (0.6) | 0.2 | 3 of 117 | 98% |
| EBITDA margin | (520.3) | 12.4 | 110 of 110 | 0% |
| Profit growth | 6.2 | 17.1 | 62 of 109 | 44% |
| Market cap | 21 | 356 | 124 of 140 | 12% |
| 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 |
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.
