Mahan Industries quarterly results and financials

Mahan Industries (BSE 531515)₹30.70−2.04%(9 Nov 2026 close)Trading & Distributors

Key facts

In the Mar 2026 quarter (standalone), Mahan Industries reported sales of ₹2.37 Cr, up 618.2% from Mar 2025, and net profit of ₹0.22 Cr. For the year to Mar 2026, sales were ₹6.26 Cr and net profit ₹0.06 Cr.

Sales (Mar 2026): ₹2.37 Cr
Net profit (Mar 2026): ₹0.22 Cr
Sales (FY Mar 2026): ₹6.26 Cr
Net profit (FY Mar 2026): ₹0.06 Cr
EPS (Mar 2026): ₹0.48
Borrowings (Mar 2026): ₹5.28 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Mahan Industries quarterly results

₹ crore unless stated; each column is a quarter.

Mahan Industries Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.23	0.27	0.11	0.14	0.47	0.38	0.95	0.33	0.66	1.51	1.60	2.37
Expenses	0.23	0.24	0.09	0.12	0.39	0.36	0.93	0.52	0.55	1.47	1.98	2.14
Operating Profit	0.00	0.02	0.01	0.00	0.07	0.01	0.00	−0.18	0.08	0.03	−0.37	0.22
OPM %	0.0%	11.6%	20.1%	0.0%	17.5%	5.5%	0.0%	−59.3%	13.9%	2.7%	−23.8%	9.8%
Other Income	0.00	0.00	0.00	−0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.00
Interest	0.00	0.00	0.02	0.02	0.00	0.00	0.00	0.02	0.02	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	−0.02	0.03	0.02	−0.08	0.09	0.02	−0.02	−0.22	0.09	0.03	−0.28	0.22
Tax %	0.0%	0.0%	0.0%	0.0%	25.0%	0.0%	0.0%	−9.5%	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	−0.02	0.03	0.02	−0.08	0.07	0.02	−0.02	−0.20	0.09	0.03	−0.28	0.22
EPS (Rs)	0.00	0.02	0.00	−0.03	0.03	0.00	−0.04	−0.43	0.19	0.05	−0.61	0.48

Mahan Industries profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Mahan Industries Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0.20	0.17	0.03	0.47	0.70	0.34	0.73	1.18	0.72	2.18	6.26	6.14
Expenses	0.48	0.86	0.36	4.10	1.66	3.55	0.89	1.17	0.72	2.20	6.14	6.14
Operating Profit	−0.29	−0.70	−0.32	−3.62	−0.95	−3.20	−0.15	0.00	−0.01	−0.01	0.10	−0.04
OPM %	−157.8%	−443.7%	−1,650.0%	−789.1%	−139.0%	−972.7%	−22.2%	0.9%	−2.8%	−0.9%	1.8%	−0.7%
Other Income	0.00	0.00	0.00	0.00	0.06	0.00	0.00	0.00	0.00	−0.08	0.00	0.12
Interest	0.51	0.48	0.00	0.00	0.00	0.00	0.00	0.02	0.04	0.04	0.08	0.11
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	−0.81	−1.19	−0.34	−3.64	−0.90	−3.22	−0.17	−0.03	−0.06	−0.15	0.06	0.06
Tax %	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	−0.81	−1.19	−0.34	−3.64	−0.90	−3.23	−0.17	−0.03	−0.06	−0.15	0.06	0.06
EPS (Rs)	−0.23	−0.34	−0.10	−1.02	−0.26	−0.90	−0.05	−0.02	−0.02	−0.32	0.12	0.11
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Mahan Industries balance sheet

₹ crore, at each year end.

Mahan Industries Balance sheet
	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	36.00	35.99	35.99	36.00	35.98	36.00	36.02	36.00	35.99	36.01	4.48	4.51
Reserves	−22.02	−22.82	−24.67	−24.98	−28.60	−29.50	−32.73	−32.88	−32.90	−32.97	0.66	0.70
Borrowings	4.34	4.35	3.07	3.20	0.00	0.00	0.00	0.00	3.49	3.48	3.46	5.28
Other Liabilities	0.03	0.49	0.53	0.50	3.43	2.81	2.80	3.41	0.07	0.06	0.12	0.47
Total Liabilities	18.35	18.01	14.92	14.72	10.81	9.31	6.09	6.53	6.65	6.58	8.72	10.96
Fixed Assets	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.07
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	10.80	10.28	7.45	7.41	4.09	3.27	1.41	0.00	0.00	0.00	0.31	0.92
Other Assets	7.47	7.65	7.39	7.23	6.64	5.96	4.61	6.46	6.58	6.51	8.34	9.97
Inventories	0.23	0.47	0.69	0.54	0.31	0.03	0.07	0.11	0.12	0.17	0.28	1.22
Trade receivables	1.17	1.17	1.12	1.10	1.21	1.27	4.42	4.87	2.33	2.28	2.28	1.30
Cash & equivalents	0.03	0.00	0.01	0.00	0.01	0.01	0.04	0.00	0.00	0.01	0.00	0.01
Total Assets	18.35	18.01	14.92	14.72	10.81	9.31	6.09	6.53	6.65	6.58	8.72	10.96

Mahan Industries cash flow

₹ crore, for each year.

Mahan Industries Cash flow
	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	11.92	−0.61	−0.80	−0.12	−0.84	0.08	−1.81	−0.64	−0.06	0.02	−1.92	−0.03
Cash from investing activity	−5.10	0.58	2.11	−0.03	0.70	0.52	−0.02	−0.02	−0.02	−0.02	−0.34	−1.76
Cash from financing activity	−6.87	0.03	−1.29	0.16	0.19	−0.61	0.02	0.62	0.09	0.00	2.26	1.81
Net cash flow	0.03	−0.04	0.00	−0.02	0.02	0.00	−1.83	−0.05	0.00	0.03	−0.03	0.03
Free cash flow	11.91	−0.61	−0.80	−0.12	−0.84	0.08	−1.81	−0.64	−0.06	0.02	−1.92	−0.03
CFO / OP %	−5,200.0%	207.0%	114.0%	39.0%	23.0%	−9.0%	57.0%	406.0%	−700.0%	−150.0%	9,650.0%	−36.1%

Mahan Industries ratios

Working-capital days and returns, by year.

Mahan Industries Ratios
	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	317	2,227	2,531	19,892	967	666	4,877	2,463	723	1,166	381	74
Inventory days	62	1,251	—	1,338	160	24	94	80	57	193	60	—
Days payable	4	1,096	—	1,047	16	7	13	0	23	55	16	—
Cash conversion cycle	377	2,384	2,531	20,184	1,112	684	4,959	2,542	758	1,306	426	74
Working capital days	−790	−5,917	−3,810	−35,952	−1,412	−772	1,936	836	767	1,275	431	603
ROCE %	−1.0%	−1.7%	−4.5%	−2.3%	−33.6%	−12.8%	−65.7%	−5.0%	0.2%	−0.3%	−0.3%	1.3%

Mahan Industries: frequently asked questions

What are the latest quarterly results of Mahan Industries?

For the Mar 2026 quarter, Mahan Industries reported sales of ₹2.37 Cr, up 618.2% year on year and net profit of ₹0.22 Cr. The operating margin was 9.8%.

What is the annual revenue of Mahan Industries?

Mahan Industries' sales for the year to Mar 2026 were ₹6.26 Cr; over the last twelve months they were ₹6.14 Cr.

What is the net profit of Mahan Industries?

Net profit for the year to Mar 2026 was ₹0.06 Cr, and ₹0.06 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.11.

How much debt does Mahan Industries have?

Mahan Industries reported borrowings of ₹5.28 Cr at Mar 2026, against cash and equivalents of ₹0.01 Cr.

What is the free cash flow of Mahan Industries?

Cash from operations was −₹0.03 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.03 Cr.

Loading…