Mahan Industries Ltd () Stock Analysis | Price, Returns, Financials & Key Metrics

52-Week High: Rs.9.14 hit today

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.1 k

Shareholding (Jun 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

1.16%

When is the next results date for Mahan Industries?

20-May-2025

No Upcoming Board Meetings

What is the technical trend for Mahan Industries?

09-Jun-2025

As of May 27, 2025, Mahan Industries shows a mildly bullish trend with positive momentum from the MACD and moving averages, despite bearish RSI readings indicating potential weakness.

Is Mahan Industries overvalued or undervalued?

02-Jul-2025

As of July 1, 2025, Mahan Industries is considered undervalued with a PE ratio of 3.39 and strong stock performance of 249.07% over the past year, despite operational challenges indicated by a negative ROCE of -2.62%.

Who are in the management team of Mahan Industries?

16-Jul-2025

As of March 2023, the management team of Mahan Industries includes Y K Gupta (Chairman/Executive Director), Sunil Gurnani (Executive Director & CFO), and four independent and non-executive directors: Lalit Sharma, Chanakya Shukla, Hiralben Pravinkumar Kubavat, and Astik Trivedi.

What does Mahan Industries do?

17-Jul-2025

Mahan Industries Ltd is a micro-cap Non-Banking Financial Company (NBFC) established in 1995, focusing on investment and financial services. As of September 2024, it reported net sales of 4 Cr and a net profit of 0 Cr, with a market cap of INR 3 Cr.

Who are the top shareholders of the Mahan Industries?

17-Jul-2025

The top shareholders of Mahan Industries include individual investors with a collective 39.59% stake, notably Sourabh H Bora HUF holding 5%. There are no institutional investors or pledged promoter holdings.

Why is Mahan Industries falling/rising?

03-Dec-2025

As of 03-Dec, Mahan Industries Ltd's stock price is stable at Rs. 8.30, having recently reached a 52-week high and showing a significant annual return of 287.85%. However, concerns arise from the absence of recent financial results and a 5% profit decline, alongside reduced investor participation, suggesting potential risks for future performance.

Which are the latest news on Mahan Industries?

29-Dec-2025

Mahan Industries is Rated Sell
Mahan Industries Hits Day High with Strong Intraday Surge

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months

Flat results in Sep 24

Risky - Not traded in last 10 days

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Finance/NBFC

Market cap

INR 4 Cr (Small Cap)

P/E

53.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

1.14

Return on Equity

2.30%

Price to Book

1.23

Revenue and Profits:

Net Sales:

0 Cr

(Quarterly Results - Sep 2024)

Net Profit:

0 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

0.0%

6 Months

0.0%

1 Year

0.0%

2 Years

804.95%

3 Years

0.0%

4 Years

2076.19%

5 Years

4054.55%

Mahan Industries for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Mahan Industries Hits New 52-Week High of Rs.9.14 on 29 Dec 2025

Mahan Industries reached a new 52-week high today, closing at Rs.9.14, reflecting a robust rally and notable momentum in the stock’s price action. This milestone underscores a significant upward trajectory amid a mixed broader market environment.

Mahan Industries is Rated Sell

Mahan Industries is rated Sell by MarketsMOJO, with this rating last updated on 20 February 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 29 December 2025, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trend, and technical outlook.

Mahan Industries Hits Day High with Strong Intraday Surge

Mahan Industries recorded a robust intraday performance today, reaching a new 52-week high of Rs. 9.14, marking a significant 10.12% gain on the day and outperforming the broader Sensex index and its sector peers.

Announcement under Regulation 30 (LODR)-Change in Registered Office Address

23-Dec-2025 | Source : BSE

As per attached Corporate announcement

Shareholder Meeting / Postal Ballot-Scrutinizers Report

17-Dec-2025 | Source : BSE

Scrutinizers Report alongwith Voting Results

Board Meeting Outcome for Revised Outcome For Board Meeting Held On November 05 2025

13-Nov-2025 | Source : BSE

Revised outcome for Board Meeting held on November 05 2025

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

Mahan Industries Ltd has announced 10:1 stock split, ex-date: 09 Mar 12

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

9.72%

EBIT Growth (5y)

15.23%

Net Debt to Equity (avg)

1.14

Institutional Holding

ROE (avg)

0.39%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.23

EV to EBIT

7.18

EV to EBITDA

7.18

EV to Capital Employed

1.11

EV to Sales

7.18

PEG Ratio

Dividend Yield

ROCE (Latest)

-2.62%

ROE (Latest)

2.30%

Technicals key factors

Indicator

Weekly

Monthly

Technical indicator has not been calculated since the stock has been active for a short period

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Jun 2025

Shareholding Compare (%holding)

Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

None

Highest Public shareholder

Sourabh H Bora HUF (5%)

Individual Investors Holdings

38.74%

Financial

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          "field": "Interest",
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          "val2": "0.00",
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          "field": "Operating Profit Margin (Excl OI)",
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Quarterly Results Snapshot (Standalone) - Sep'24 - QoQ

Sep'24

Jun'24

Change(%)

Net Sales

0.30

0.46

-34.78%

Operating Profit (PBDIT) excl Other Income

-0.06

0.08

-175.00%

Interest

0.01

0.00

Exceptional Items

0.00

Standalone Net Profit

0.01

0.06

-83.33%

Operating Profit Margin (Excl OI)

-20.00%

17.39%

-37.39%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2024 is -34.78% vs 820.00% in Jun 2024

Standalone Net Profit

QoQ Growth in quarter ended Sep 2024 is -83.33% vs 185.71% in Jun 2024

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'24

Sep'24

Sep'23

Change(%)

Net Sales

0.84

0.48

75.00%

Operating Profit (PBDIT) excl Other Income

0.09

0.01

800.00%

Interest

0.01

Exceptional Items

0.00

Standalone Net Profit

0.06

0.01

500.00%

Operating Profit Margin (Excl OI)

10.71%

2.08%

8.63%

Values in Rs Cr.

Compare with Peers

Net Sales

Growth in half year ended Sep 2024 is 75.00% vs -14.29% in Sep 2023

Standalone Net Profit

Growth in half year ended Sep 2024 is 500.00% vs 116.67% in Sep 2023

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'23

Dec'23

Dec'22

Change(%)

Net Sales

0.58

0.84

-30.95%

Operating Profit (PBDIT) excl Other Income

0.03

0.05

-40.00%

Interest

0.02

Exceptional Items

0.00

Standalone Net Profit

0.02

0.04

-50.00%

Operating Profit Margin (Excl OI)

5.17%

5.95%

-0.78%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in nine months ended Dec 2023 is -30.95% vs 58.49% in Dec 2022

Standalone Net Profit

YoY Growth in nine months ended Dec 2023 is -50.00% vs 126.67% in Dec 2022

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'24

Mar'24

Mar'23

Change(%)

Net Sales

0.37

1.17

-68.38%

Operating Profit (PBDIT) excl Other Income

0.00

0.03

-100.00%

Interest

0.03

Exceptional Items

-0.06

Standalone Net Profit

-0.05

-0.02

-150.00%

Operating Profit Margin (Excl OI)

0.00%

2.56%

-2.56%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2024 is -68.38% vs 62.50% in Mar 2023

Standalone Net Profit

YoY Growth in year ended Mar 2024 is -150.00% vs 87.50% in Mar 2023

All Annual Results

Company CV

About Mahan Industries Ltd

Mahan Industries Ltd

Small Cap

Finance/NBFC

Mahan Industries Ltd (Formerly known Mahan Finstock Ltd), was promoted by Ashok L Doctor, Kulin B Vyas and Yogendra Kumar Gupta, came into existence in 1995. The Company is a Non-Banking financial Company registered with the Reserve Bank of India. Presently, it is engaged in investment and financial services. The company came out with a public issue of 21,00,000 equity shares of Rs 10 each for cash at par aggregating Rs 2.10 cr in Jan.

Company Coordinates

Company Details

D K House 3rd Floor, Near Mithakali Underbridge Ahmedabad Gujarat : 380006

Tel: 91-079-30024897

http://www.mahan.co.in

mahan.int@gmail.com

Registrar Details

Adroit Corporate Services Pvt Ltd, 17-20 Jaferbhoy Industrial Estate , 1st Floor, Makwana Road, Marol Naka, Mumbai

Mahan Industries

1Day

52 Week

CASH

FII

DII

Promoter

When is the next results date for Mahan Industries?

Watch in Real-Time

What is the technical trend for Mahan Industries?

Is Mahan Industries overvalued or undervalued?

Who are in the management team of Mahan Industries?

What does Mahan Industries do?

Who are the top shareholders of the Mahan Industries?

Why is Mahan Industries falling/rising?

Which are the latest news on Mahan Industries?

MarketsMojo — Loved in India, Now Global

Dashboard

Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months

Flat results in Sep 24

Risky - Not traded in last 10 days

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

Mahan Industries Hits New 52-Week High of Rs.9.14 on 29 Dec 2025

Mahan Industries is Rated Sell

Mahan Industries Hits Day High with Strong Intraday Surge

Announcements

Announcement under Regulation 30 (LODR)-Change in Registered Office Address

Shareholder Meeting / Postal Ballot-Scrutinizers Report

Board Meeting Outcome for Revised Outcome For Board Meeting Held On November 05 2025

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Jun 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Sep'24 - QoQ

Half Yearly Results Snapshot (Standalone) - Sep'24

Nine Monthly Results Snapshot (Standalone) - Dec'23

Annual Results Snapshot (Standalone) - Mar'24

About Mahan Industries Ltd

Company Coordinates