NSE: MOHITE · BSE: 532140
MOHITE INDUSTRIES LTD.
Operates across three reported business lines: textiles, hydro power, and construction (largely through subsidiary Solitaire Constructions Private Limited). In FY26, the textiles segment contributed Rs 24.0659 crore in revenue with EBIT of Rs 2.3191 crore, the hydro power segment contributed Rs 2.1763 crore in revenue with EBIT of Rs 1.5283 crore, and the construction segment contributed Rs 5.4325 crore in revenue with EBIT of Rs 1.0815 crore on a consolidated full-year basis. Total revenue for FY26 stood at Rs 153.3366 crore with an EBITDA margin of 14.34%, a net profit of Rs 3.6222 crore, and total assets of Rs 252.8396 crore. The cost structure is dominated by materials (38.5% of revenue) and other operating expenses (41.4%), with employee costs at 8.9% and depreciation at 3.9%. The company's audited financial statements disclosed that it has not met its financial obligations due to a recession in the textile industry, with bank loan defaults including Cash Credit (Rs 3.24 crore) and Term Loans (Rs 6.94 crore) with Bank of Baroda, and a Loan against Property (Rs 3.94 crore) with LIC Housing Finance. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles, Hydro Power, Other Construction Segment. Small diversified textile-led conglomerate with hydro power and construction (subsidiary) arms; financially stressed with disclosed loan defaults
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 155 | 84 | 125 | 167 | 153 |
| EBITDA (ex other income) | 16 | 21 | 19 | 23 | 17 |
| margin % | 10.0 | 25.4 | 15.5 | 13.5 | 10.9 |
| Owners' profit | 7 | 0 | 0 | 5 | 4 |
| EPS, as reported (₹) | 3.32 | 3.33 | 1.17 | 2.65 | 0.18 |
| ROE % · ROCE % | 6.0 · 8.6 | 5.7 · 8.6 | 2.0 · 6.6 | 4.3 · 9.6 | 2.8 · 8.0 |
| Debt / equity (x) | 0.92 | 0.82 | 1.12 | 0.86 | 0.74 |
| Cash from operations | 20 | 27 | (10) | 32 | 25 |
| Capex | (25) | (24) | (10) | (0) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 47 | 52 | 37 | 35 | 25 | 52 | 46 | 30 |
| Profit before tax | 2 | 3 | 1 | (0) | (1) | 3 | 1 | 2 |
| Net profit | 2 | 3 | 1 | (0) | (1) | 3 | 1 | 0 |
| EPS (₹) | 1.05 | 0.15 | 0.50 | (0.24) | (0.05) | 0.15 | 0.06 | 0.02 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Textiles | 89 | 57.9 |
| Hydro Power | 14 | 8.8 |
| Other Construction Segment | 50 | 32.5 |
| Hydro power | 1 | 0.7 |
| Total, before eliminations | 155 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.6 | 16.8 | 73 of 179 | 60% |
| P/B | 0.3 | 1.1 | 15 of 185 | 92% |
| ROCE | 2.4 | 4.3 | 129 of 215 | 40% |
| ROE | 2.8 | 4.7 | 111 of 188 | 41% |
| Debt / Equity | 0.7 | 0.4 | 129 of 188 | 32% |
| EBITDA margin | 21.8 | 9.8 | 24 of 198 | 88% |
| Revenue growth | (13.7) | 6.9 | 152 of 192 | 21% |
| Profit growth | 175.6 | 20.0 | 33 of 203 | 84% |
| Market cap | 45 | 61 | 125 of 223 | 44% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Board approves sale of Spinning Unit assets representing 85% of revenue | strategic transactions | high | — | — |
| 12 Oct 2026 · Routine compliance certificate for Q2 FY27 under SEBI depository rules | compliance | minimal | — | — |
| 1 Oct 2026 · 35th AGM voting results: all three resolutions passed with near-unanimous support | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 35th AGM held; 3 ordinary resolutions on financials, director re-appointment and cost auditor | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 till 48 hours after Q2 FY26 results | compliance | minimal | — | — |
| 8 Sept 2026 · Notice of 35th Annual General Meeting published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Notice of 35th AGM on Sept 30, 2026; e-voting Sept 27-29 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Mohite Industries fixes book closure for 35th AGM on Sept 30, 2026 | corporate actions | low | — | — |
| 5 Sept 2026 · Book closure for 35th AGM from Sept 24 to Sept 30, 2026 | corporate actions | medium | — | — |
| 5 Sept 2026 · Mohite Industries files 35th Annual Report; AGM on 30 Sept 2026 | board shareholder meetings | medium | — | — |
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.