BSE: 500450
MPIL CORPORATION LTD.
Under the "Other Financial Services" classification on BSE, the entity reported FY26 revenue from operations of just Rs 6 lakhs against total income of Rs 136 lakhs. The remaining Rs 130 lakhs of FY26 income came from "Other Income" which filings describe as "largely investment-related," and no segment breakdown of any operating activity is disclosed. Total expenses for FY26 reached Rs 472 lakhs, of which Rs 383 lakhs were classified as "other expenses" and Rs 34 lakhs as employee costs, producing a net loss of Rs 336 lakhs — a widening from the Rs 229 lakhs loss in FY25. Legal and professional charges alone were Rs 33 lakhs in FY26, up from Rs 7 lakhs in FY25. Operating cash flow for FY26 was positive at Rs 1,435.96 lakhs, driven by working capital movements. Borrowings stood at Rs 318.90 lakhs at year-end against paid-up equity of Rs 57 lakhs and other equity of Rs 1,302.98 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Revenue from operations, Other Income. BSE-listed entity with negligible operating revenue, dependent on investment income and currently loss-making.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (1) | (1) | (3) | (4) |
| margin % | (1300.0) | (1583.3) | (2366.7) | (5616.7) | (6966.7) |
| Owners' profit | 1 | 1 | (1) | (2) | (3) |
| EPS, as reported (₹) | 14.88 | 12.75 | (10.20) | (40.06) | (58.82) |
| ROE % · ROCE % | 5.3 · 8.3 | 4.4 · 7.2 | (3.6) · (1.2) | (16.8) · (14.1) | (32.9) · (21.9) |
| Debt / equity (x) | 0.01 | 0.01 | 0.02 | 0.02 | 0.31 |
| Cash from operations | (1) | (1) | 3 | (1) | 14 |
| Capex | 0 | 0 | (0) | 0 | (4) |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | (0) | (2) | 0 | 0 | 0 | (4) |
| Net profit | 0 | 0 | (0) | (2) | 0 | 0 | 0 | (4) |
| EPS (₹) | 1.05 | 1.58 | (1.75) | (41.40) | 2.11 | 1.75 | 0.88 | (64.04) |
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. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 2.8 | 1.0 | 83 of 105 | 21% |
| ROCE | (25.1) | 1.8 | 79 of 83 | 5% |
| ROE | (32.9) | 1.3 | 107 of 111 | 4% |
| Debt / Equity | 0.3 | 0.0 | 59 of 77 | 24% |
| EBITDA margin | (34800.0) | 25.6 | 91 of 91 | 0% |
| Revenue growth | 0.0 | (4.1) | 41 of 85 | 51% |
| Profit growth | (54.7) | (0.2) | 76 of 109 | 31% |
| Market cap | 28 | 26 | 54 of 113 | 53% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to review Q2 and half-year unaudited results | results | low | — | — |
| 12 Oct 2026 · Compliance certificate under Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 17 Aug 2026 · Death of Secretarial Auditor at MPIL Corporation | management changes | medium | — | — |
| 11 Aug 2026 · MPIL Corporation Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 10 Aug 2026 · Q1 FY27 Results: Loss of Rs 17 lakh; Company Secretary change | results | medium | — | — |
| 10 Aug 2026 · MPIL Q1 FY27 Results: Rs 17L Loss, New CS Appointed | results | high | — | — |
| 4 Aug 2026 · Board Meeting on Aug 10 to consider Q1 FY27 results | results | low | — | — |
| 17 Jul 2026 · MPIL Corporation: 67th AGM resolutions passed unanimously | compliance | minimal | — | — |
| 16 Jul 2026 · MPIL Corporation 67th AGM proceedings summary - July 16, 2026 | board shareholder meetings | low | — | — |
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.