Monind

Which are the latest news on Monind?

Why is Monind Ltd falling/rising?

As of 05-Sep, Monind Ltd's stock price is Rs. 19.95, unchanged from the previous close, but it has reached a new 52-week low and underperformed its sector by -5.07%. The stock has seen a significant decline in investor participation and is trading below all key moving averages, indicating a bearish trend.

As of 05-Sep, Monind Ltd's stock price is falling. The current price is Rs. 19.95, which represents no change from the previous close, but it has recently hit a new 52-week low. The stock has underperformed its sector by -5.07% today and has experienced a consecutive decline over the last two days, with a total drop of -9.32% in the past week. Additionally, the stock opened with a loss of -4.77% today and has not traded above its opening price, indicating a lack of upward momentum. <BR><BR>Investor participation has also decreased significantly, with delivery volume dropping by -95.65% compared to the 5-day average. Furthermore, Monind Ltd is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), which typically signals a bearish trend. Overall, these factors contribute to the stock's decline, reflecting a challenging environment for Monind Ltd at this time.

Who are in the management team of Monind?

The management team of Monind includes Mahesh Kumar Sharma (Whole Time Director & CFO), Babika Goel and Umesh Kumar Shukla (Independent Directors), Keshav Sharma (Director), and Priya and Rinkal (Company Secretaries & Compliance Officers).

The management team of Monind includes the following individuals:<BR><BR>1. Mahesh Kumar Sharma - Whole Time Director & CFO<BR>2. Babika Goel - Independent Director<BR>3. Keshav Sharma - Director<BR>4. Priya - Company Secretary & Compliance Officer<BR>5. Umesh Kumar Shukla - Independent Director<BR>6. Rinkal - Company Secretary & Compliance Officer<BR><BR>If you need more details about their roles or responsibilities, feel free to ask!

What does Monind do?

Monind Ltd, a Micro Cap company in the Iron & Steel Products industry, was originally incorporated in 1982 and has undergone several name changes. As of June 2026, it reported a net profit of -1 Cr and has a market cap of INR 8 Cr.

Overview:<BR>Monind Ltd operates in the Iron & Steel Products industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>Monind Ltd was originally incorporated as Annapurna Engineering Pvt Ltd in 1982. The company underwent several name changes, becoming Mind Limited and later Monnet Ferro Alloys after establishing a ferro chrome project. It became a Public Limited Company in February 1984. The latest financial results reported are for the quarter ending June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: -1 Cr (Quarterly Results - Jun 2026)<BR>Market-cap value: INR 8 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 25<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.52<BR>Return on Equity: 1.38%<BR>Price to Book: -0.15<BR><BR>Contact Details:<BR>Address: Plot No 216 Sector C, Urla Industrial Complex Raipur Chattisgarh : 493221<BR>Phone: 91-0771-2324049<BR>Email: monnetindustries@rediffmail.com<BR>Website: http://www.monnetgroup.com

Who are the peers of the Monind?

Monind's peers include T N Steel Tubes, Eastcoast Steel, Sh. Steel Wire, AFLOAT Enterpris, MFS Intercorp, Mahalaxmi Seam., Shree Precoated, Castora Agri Com, and Vallabh Steels. Key insights show varying management risks, growth rates, and capital structures, with Castora Agri Com leading in 1-year returns at 49.66%, while Monind's return is not available for comparison.

Peers: The peers of Monind are T N Steel Tubes, Eastcoast Steel, Sh. Steel Wire, AFLOAT Enterpris, MFS Intercorp, Mahalaxmi Seam., Shree Precoated, Castora Agri Com, and Vallabh Steels.<BR><BR>Quality Snapshot: Below Average management risk is observed at T N Steel Tubes, Eastcoast Steel, Sh. Steel Wire, AFLOAT Enterpris, Mahalaxmi Seam., and Castora Agri Com, while Average management risk is found at MFS Intercorp. Monind, Shree Precoated, and Vallabh Steels do not qualify for management risk assessment. Growth is below average for T N Steel Tubes, Sh. Steel Wire, AFLOAT Enterpris, MFS Intercorp, Mahalaxmi Seam., and Castora Agri Com, while average growth is noted at Eastcoast Steel. Monind, Shree Precoated, and Vallabh Steels do not qualify for growth assessment. Capital structure is good for Sh. Steel Wire and AFLOAT Enterpris, while below average is seen at T N Steel Tubes, Eastcoast Steel, MFS Intercorp, Mahalaxmi Seam., and Castora Agri Com, with Monind, Shree Precoated, and Vallabh Steels not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Castora Agri Com at 49.66%, while Monind has a 1-year return of N/A, indicating it cannot be compared. The peer with the lowest 1-year return is Sh. Steel Wire at -4.76%. Additionally, MFS Intercorp and Vallabh Steels have negative six-month returns.

How big is Monind?

As of 31st August, Monind Ltd has a market capitalization of 8.00 Cr, with recent net sales of 0.00 Cr and a net profit loss of 0.81 Cr. The balance sheet for March 2025 shows shareholder's funds at a loss of 53.56 Cr and total assets valued at 25.51 Cr.

As of 31st August, Monind Ltd has a market capitalization of 8.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Monind reported Net Sales of 0.00 Cr and a Net Profit loss of 0.81 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds at a loss of 53.56 Cr and Total Assets valued at 25.51 Cr.

Should I buy, sell or hold Monind Ltd?

Are Monind Ltd latest results good or bad?

Monind Ltd's latest results are concerning, showing a net profit of ₹1.34 crores mainly from non-operating income, while the company continues to generate zero revenue and faces ongoing operating losses. With a negative book value and increasing debt, the overall financial outlook remains bleak, warranting caution for investors.

Monind Ltd's latest results present a mixed picture, but overall, they lean towards the negative side. The company reported a net profit of ₹1.34 crores for Q4 FY26, a significant improvement from a loss of ₹0.66 crores in the same quarter last year. However, this profit is largely attributed to non-operating income, as the company has generated zero revenue for over two years and continues to face persistent operating losses.<BR><BR>The operating profit, excluding other income, remains negative at ₹-0.05 crores, indicating ongoing administrative costs without any revenue generation. Additionally, Monind has a deeply negative book value of ₹-371.36 per share, reflecting a complete erosion of shareholder equity.<BR><BR>The company is essentially functioning as a shell entity, servicing legacy debts without any operational capacity or business activity. This situation is compounded by increasing long-term debt and a lack of institutional investor confidence, as evidenced by negligible participation from institutional investors.<BR><BR>While the stock price saw a short-term gain of nearly 4% following the profit announcement, this appears disconnected from the underlying financial realities of the company. Given the absence of a credible turnaround plan and the ongoing operational paralysis, the overall assessment of Monind's financial health is concerning. Investors are advised to approach this stock with caution, as the outlook remains bleak.

How has been the historical performance of Monind?

Monind has consistently reported zero net sales and operating income from March 2019 to March 2025, with increasing losses and negative earnings per share. Total expenditure decreased, but interest expenses rose, leading to a loss before tax of -2.54 crore and deteriorating reserves of -140.39 crore by March 2025.

Answer:<BR>The historical performance of Monind shows a consistent trend of zero net sales and operating income over the past several years, indicating no revenue generation from its operations from March 2019 to March 2025. The total expenditure has fluctuated slightly, with a notable decrease from 1.00 crore in March 2023 to 0.26 crore in March 2025. Operating profit has remained negative, with the most recent figure being -0.26 crore in March 2025, reflecting ongoing operational challenges. Interest expenses have increased from 1.12 crore in March 2019 to 2.27 crore in March 2025, contributing to a growing loss before tax, which reached -2.54 crore in March 2025. The company has also seen a significant decline in its reserves, which were -140.39 crore in March 2025, compared to -128.98 crore in March 2019. The earnings per share have remained negative, with the latest figure at -6.9 in March 2025. <BR><BR>Breakdown:<BR>Monind's financial performance has been characterized by a lack of revenue, with net sales and total operating income consistently reported at zero from March 2019 to March 2025. The company's total expenditure has decreased significantly from 1.00 crore in March 2023 to 0.26 crore in March 2025, but it still operates at a loss, with operating profit margins remaining negative throughout this period. Interest expenses have risen, contributing to a worsening loss before tax, which has escalated to -2.54 crore by March 2025. The company's reserves have deteriorated, indicating financial distress, and the earnings per share have also remained negative, reflecting ongoing challenges in achieving profitability. Overall, Monind's financial metrics reveal a company struggling to generate income and manage its expenses effectively over the years.

Who are the top shareholders of the Monind?

The top shareholders of Monind include Kamdhenu Enterprises Ltd with 36.45%, followed by individual investors at 12.77%, and ICICI Bank Ltd as the highest public shareholder at 2.04%. There are no pledged promoter holdings, mutual funds, or foreign institutional investors involved.

The top shareholders of Monind are primarily its promoters, with Kamdhenu Enterprises Ltd holding the largest stake at 36.45%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is ICICI Bank Ltd, which holds 2.04%. Additionally, individual investors collectively hold 12.77% of the shares.

Is Monind overvalued or undervalued?

As of September 12, 2024, Monind is considered a risky investment due to its negative financial ratios, including a PE ratio of -8.67, indicating overvaluation and significant financial distress compared to its peers like Tata Steel and Jindal Steel.

As of 12 September 2024, the valuation grade for Monind has moved from does not qualify to risky. The company is currently assessed as overvalued given its negative financial ratios, including a PE ratio of -8.67, EV to EBIT of -35.81, and EV to Capital Employed of -1.36. These figures indicate significant financial distress and a lack of profitability, which is concerning for potential investors.<BR><BR>In comparison to its peers, Monind's valuation stands out negatively against companies like Tata Steel, which has a PE ratio of 51.92 and an EV to EBITDA of 11.04, and Jindal Steel, with a PE ratio of 24.29 and an EV to EBITDA of 11.66. The stark contrast in these ratios highlights Monind's precarious position within the industry. Despite recent stock performance showing a 22.77% year-to-date return compared to the Sensex's 5.61%, the underlying financial metrics suggest that Monind is not a sound investment at its current valuation.

What is the technical trend for Monind?

As of May 26, 2025, Monind's technical trend is mildly bullish, supported by daily moving averages and Dow Theory, despite mixed signals from weekly and monthly indicators.

As of 26 May 2025, the technical trend for Monind has changed from sideways to mildly bullish. The daily moving averages indicate a mildly bullish stance, while the weekly and monthly MACD and RSI show a bearish trend. However, the Bollinger Bands and Dow Theory are both mildly bullish on the weekly and monthly time frames, suggesting some upward momentum. The KST is bullish on the weekly but bearish on the monthly, indicating mixed signals. Overall, the current technical stance is mildly bullish, driven primarily by the daily moving averages and the Dow Theory.

When is the next results date for Monind?

No Upcoming Board Meetings

Has Monind declared dividend?

No Dividend History Available