Muller & Phipps (India) (BSE 501477)₹190.00−1.96%Trading & Distributors
In the Jun 2026 quarter (consolidated), Muller & Phipps (India) reported sales of ₹1.49 Cr, up 60.2% from Jun 2025, and net profit of ₹0.10 Cr, down 85.5% year on year. For the year to Mar 2026, sales were ₹5.64 Cr and net profit −₹0.04 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.20 | 0.77 | 0.80 | 1.50 | 1.22 | 1.52 | 1.71 | 0.93 | 1.83 | 1.40 | 1.51 | 1.49 |
| Expenses | 1.06 | 0.88 | 1.11 | 1.49 | 1.50 | 1.71 | 2.23 | 1.28 | 1.90 | 1.82 | 1.89 | 1.67 |
| Operating Profit | 0.15 | −0.12 | −0.32 | 0.02 | −0.29 | −0.20 | −0.53 | −0.36 | −0.08 | −0.43 | −0.39 | −0.19 |
| OPM % | 11.8% | −14.5% | −39.2% | 0.7% | −23.2% | −12.6% | −30.6% | −38.0% | −3.8% | −30.2% | −25.3% | −12.1% |
| Other Income | 0.07 | 0.09 | 0.63 | 0.07 | 0.07 | 0.10 | 0.08 | 1.08 | 0.07 | 0.07 | 0.09 | 0.33 |
| Interest | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.19 | −0.06 | 0.31 | 0.07 | −0.24 | −0.13 | −0.48 | 0.71 | −0.04 | −0.39 | −0.33 | 0.13 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.17 | −0.04 | 0.29 | 0.05 | −0.22 | −0.11 | −0.46 | 0.69 | −0.02 | −0.38 | −0.32 | 0.10 |
| EPS (Rs) | 2.87 | −0.79 | 4.78 | 0.95 | −3.67 | −1.91 | −7.50 | 11.17 | −0.47 | −6.22 | −5.26 | 1.75 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.48 | 3.41 | 3.14 | 3.75 | 3.62 | 3.98 | 3.68 | 3.92 | 4.15 | 5.81 | 5.64 | 6.23 |
| Expenses | 3.61 | 3.41 | 3.11 | 3.38 | 3.52 | 3.73 | 3.51 | 3.88 | 4.19 | 6.79 | 6.88 | 7.28 |
| Operating Profit | −0.14 | 0.00 | 0.04 | 0.38 | 0.11 | 0.26 | 0.18 | 0.05 | −0.05 | −0.98 | −1.25 | −1.09 |
| OPM % | −3.7% | 0.0% | 1.0% | 9.9% | 2.8% | 6.3% | 4.6% | 1.0% | −1.0% | −16.7% | −22.0% | −17.5% |
| Other Income | 0.39 | 0.31 | 0.20 | 0.10 | 0.41 | 1.62 | 0.39 | 0.27 | 0.84 | 0.29 | 1.29 | 0.56 |
| Interest | 0.32 | 0.25 | 0.25 | 0.22 | 0.15 | 0.13 | 0.11 | 0.09 | 0.07 | 0.07 | 0.09 | 0.12 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Profit before tax | −0.08 | 0.06 | −0.04 | 0.25 | 0.36 | 1.74 | 0.45 | 0.22 | 0.73 | −0.77 | −0.06 | −0.63 |
| Tax % | 0.0% | 20.0% | 0.0% | 20.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −0.06 | 0.03 | −0.02 | 0.18 | 0.34 | 1.72 | 0.42 | 0.20 | 0.72 | −0.75 | −0.04 | −0.62 |
| EPS (Rs) | −1.11 | 0.63 | −0.47 | 3.03 | 5.59 | 27.61 | 6.86 | 3.35 | 11.64 | −12.12 | −0.79 | −10.20 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 |
| Reserves | −5.53 | −5.60 | −5.53 | −5.56 | −5.36 | −4.99 | −3.30 | −2.87 | −2.66 | −1.93 | −2.71 | −2.71 |
| Borrowings | 1.87 | 1.86 | 1.86 | 1.86 | 2.01 | 1.87 | 1.60 | 1.32 | 1.05 | 0.78 | 0.83 | 0.76 |
| Other Liabilities | 7.71 | 7.61 | 7.64 | 7.56 | 7.54 | 7.38 | 5.76 | 5.77 | 5.97 | 5.79 | 6.99 | 7.24 |
| Total Liabilities | 4.67 | 4.49 | 4.59 | 4.48 | 4.81 | 4.88 | 4.68 | 4.84 | 4.98 | 5.26 | 5.73 | 5.91 |
| Fixed Assets | 0.07 | 0.06 | 0.03 | 0.04 | 0.03 | 0.06 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.04 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 4.60 | 4.43 | 4.56 | 4.44 | 4.78 | 4.82 | 4.62 | 4.79 | 4.94 | 5.21 | 5.68 | 5.87 |
| Inventories | 0.03 | 0.02 | 0.05 | 0.06 | 0.08 | 0.15 | 0.13 | 0.20 | 0.18 | 0.17 | 0.11 | 0.17 |
| Trade receivables | 0.62 | 0.47 | 0.54 | 0.34 | 0.40 | 0.29 | 0.48 | 0.71 | 0.94 | 0.82 | 1.75 | 1.77 |
| Cash & equivalents | 0.07 | 0.06 | 0.10 | 0.17 | 0.26 | 0.12 | 0.51 | 0.24 | 0.10 | 0.49 | 0.11 | 0.12 |
| Total Assets | 4.67 | 4.49 | 4.59 | 4.48 | 4.81 | 4.88 | 4.68 | 4.84 | 4.98 | 5.26 | 5.73 | 5.91 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.52 | 0.02 | 0.06 | 0.15 | 0.00 | 0.14 | 2.15 | 0.10 | 0.20 | 0.71 | −0.41 | 0.11 |
| Cash from investing activity | 0.00 | 0.00 | 0.02 | −0.03 | 0.00 | −0.04 | −0.02 | 0.00 | 0.00 | −0.03 | −0.02 | 0.00 |
| Cash from financing activity | −0.51 | −0.05 | −0.04 | −0.08 | 0.11 | −0.27 | −1.77 | −0.39 | −0.35 | −0.33 | 0.06 | −0.12 |
| Net cash flow | 0.04 | −0.02 | 0.05 | 0.08 | 0.10 | −0.15 | 0.40 | −0.28 | −0.14 | 0.40 | −0.39 | 0.02 |
| Capex | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Free cash flow | 0.55 | 0.04 | 0.09 | 0.15 | −0.02 | 0.13 | 2.16 | 0.12 | 0.22 | 0.71 | −0.44 | 0.13 |
| CFO / OP % | −142.0% | −23.0% | — | 567.1% | 8.0% | 420.0% | 600.0% | 141.0% | 600.0% | −1,875.0% | 43.0% | −11.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 51 | 50 | 59 | 41 | 40 | 30 | 45 | 72 | 89 | 73 | 111 | 115 |
| Inventory days | 4 | 3 | 9 | 14 | 17 | 35 | 28 | 46 | 37 | 33 | 17 | 31 |
| Days payable | 466 | 529 | 535 | 651 | 551 | 580 | 455 | 504 | 481 | 59 | 119 | 133 |
| Cash conversion cycle | −413 | −478 | −468 | −598 | −496 | −516 | −384 | −388 | −357 | 45 | 7 | 11 |
| Working capital days | −464 | −625 | −426 | −479 | −392 | −388 | −188 | −174 | −153 | −141 | −119 | −133 |
For the Jun 2026 quarter, Muller & Phipps (India) reported sales of ₹1.49 Cr, up 60.2% year on year and net profit of ₹0.10 Cr, down 85.5% year on year. The operating margin was −12.1%.
Muller & Phipps (India)'s sales for the year to Mar 2026 were ₹5.64 Cr; over the last twelve months they were ₹6.23 Cr.
Net profit for the year to Mar 2026 was −₹0.04 Cr, and −₹0.62 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−10.20.
Muller & Phipps (India) reported borrowings of ₹0.76 Cr at Mar 2026, against cash and equivalents of ₹0.12 Cr.
Cash from operations was ₹0.11 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.13 Cr.