Companies›Services›Services›Commercial Services & Supplies

MULLER & PHIPPS (INDIA) LTD.

Services › Commercial Services & Supplies
₹200.00
at close · 9 Oct 2026
▲ 1.00 (+0.50%)

Latest filings

  1. Quarterly compliance certificate under SEBI Regulation 74(5) filed · Compliance
  2. All 3 resolutions passed at 109th AGM with 99.99% majority · Board & Shareholder Meetings
  3. Trading window closure from Oct 1, 2026 for Q2 and H1 FY26 results · Compliance
All filings ↓
Ask Nexa about MULLER & PHIPPS (INDIA) LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Acts as a trading and distribution company in the commercial services sector, with FY26 revenue from operations of Rs. 5.6316 crore. Its cost structure is dominated by employee expenses at 44.6% of revenue and other operating expenses at 42.5% of revenue, with no material cost of goods and negligible depreciation, consistent with an agency or commission-based distribution model rather than principal trading. FY25 sales rose by about 43%, driven by new oral care brand launches. The company also books commission income on sale of goods through related-party transactions with Foods and Inns Limited. As of March 31, 2026, accumulated losses stood at Rs. 495.10 lakhs and net worth was negative at Rs. (206.41) lakhs, with the statutory auditor flagging going concern issues. Two wholly-owned subsidiaries, Muller and Phipps Agencies Ltd and Muller and Phipps Industrial Services Ltd, also reported losses in FY25.

Operating scale
Listed exchange
BSEFY26
Wholly-owned subsidiaries
2 (Muller and Phipps Agencies Ltd; Muller and Phipps Industrial Services Ltd)FY25
AGM edition
108th (held 23 September 2025)FY26
FY25 sales growth
~43% YoY, driven by new oral care brand launchesFY25
Related-party counterparty
Foods and Inns Limited (commission on sale of goods)FY25
Who pays it
Distributes consumer products including oral care brands; related-party commission arrangement with Foods and Inns Limited
Biggest cost
Employee expenses at 44.6% of revenue
Kind of business
Small-scale, services-led trading and distribution company under going-concern stress, with negative net worth
Where it sits
BSE-listed micro-cap with a 108-year operating history (108th AGM in FY26); industry classified under Trading & Distributors
Market Cap
₹12 Cr
P / E (TTM)
8.2×
EV / EBITDA
311.7×
Div Yield
—
Growth
7.2%▲
Revenue 5y CAGR
PAT — · EBITDA -53.2%
Quality
n/m·
ROCE · capital employed below zero
ROE n/m · margin 0.7%
Leverage
n/m·
Debt / Equity · negative net worth
Net debt ₹0.62 Cr
Revenue FY21→FY26
1.4×▲
Margin −44.3 pts
₹4 Cr → ₹6 Cr
Cash conversion
1.32×▲
Operating cash ÷ profit · 5 yrs
₹1 Cr on ₹1 Cr
Moves on a normal day
2.27%·
Median daily move
Last 202 sessions · the yardstick for filing-day moves
Where it sits among 188 Trading & Distributors peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#36/130
EBITDA margin#119/137
Revenue growth#70/135
Profit growth#68/157

Scorecard

Measured from the filed financials, judged against its Trading & Distributors peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹0.56 Cr of profit and ₹0.74 Cr of operating cash — 1.32×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Negative net worth — liabilities exceed assets by ₹2.08 Cr (FY26)
Debt-to-equity and return on equity are not meaningful below zero equity
Customers are taking longer to pay — 45 → 115 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from MULLER & PHIPPS (INDIA) LTD.'s filed financials and exchange disclosures

What does MULLER & PHIPPS (INDIA) LTD. do?

MULLER & PHIPPS (INDIA) LTD. is a Commercial Services & Supplies company listed on BSE.

Is MULLER & PHIPPS (INDIA) LTD. profitable?

No. Over the trailing twelve months MULLER & PHIPPS (INDIA) LTD. reported a net loss of ₹0.05 Cr on revenue of ₹5.63 Cr.

Does MULLER & PHIPPS (INDIA) LTD. pay a dividend?

Not in the latest reported year — MULLER & PHIPPS (INDIA) LTD.'s dividend payout for FY26 was nil.

Is MULLER & PHIPPS (INDIA) LTD. debt-free?

No. It reported borrowings of ₹0.75 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹0.62 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹2.08 Cr, so a debt-to-equity ratio is not meaningful.

Is MULLER & PHIPPS (INDIA) LTD. expensive compared with its peers?

On trailing P/E, MULLER & PHIPPS (INDIA) LTD. ranks 36 of 130 in Trading & Distributors — cheaper than 73% of them, against an industry median of 16.9×. This is a position, not a valuation judgement.

How much does the MULLER & PHIPPS (INDIA) LTD. share price move in a day?

On a typical session MULLER & PHIPPS (INDIA) LTD. moves 2.27% — that is the median absolute close-to-close move across its last 202 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MULLER & PHIPPS (INDIA) LTD.'s announcements?

Every NSE and BSE filing by MULLER & PHIPPS (INDIA) LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.