Mehai Technology

Why is Mehai Technology Ltd falling/rising?

As of 01-Sep, Mehai Technology Ltd's stock price is at 1.20, reflecting a 3.23% decrease and significant underperformance compared to its sector and the benchmark over the past year. The company's financial health is concerning, with a high Debt to EBITDA ratio and weak ROCE, overshadowing any positive valuation factors.

As of 01-Sep, Mehai Technology Ltd's stock price is falling, currently at 1.20, which reflects a decrease of 0.04 or 3.23%. The stock has underperformed its sector by 2.01% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 4.76%, while the Sensex has only fallen by 0.92%, further highlighting its underperformance.<BR><BR>The stock has experienced significant declines over the past year, with a staggering return of -85.98%, which is considerably worse than the -4.26% return of the benchmark over the same period. Additionally, the company's financial health is concerning, as indicated by a high Debt to EBITDA ratio of 4.19 times, suggesting a low ability to service its debt. The average Return on Capital Employed (ROCE) is also weak at 5.94%, contributing to a perception of long-term fundamental weakness.<BR><BR>Despite some positive factors, such as a very attractive valuation and rising investor participation with a delivery volume increase of 3.05% against the 5-day average, these do not outweigh the negative indicators. The company's profits have fallen by 3.9% over the past year, and it has consistently underperformed against broader market indices. Overall, these factors contribute to the stock's decline, making it a less favorable investment at this time.

Who are in the management team of Mehai Technology?

The management team of Mehai Technology includes Jugal Kishore Bhagat (Chairman & Managing Director), Akash Tak, Dipanjan Paul, and Prasen Jeet Singh (all Independent Directors), Rekha Bhagat and Rekha Devi Bha (Non-Executive Directors), and Abhijeet Prasad (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Mehai Technology includes the following individuals:<BR><BR>1. **Jugal Kishore Bhagat** - Chairman & Managing Director<BR>2. **Akash Tak** - Independent Director<BR>3. **Dipanjan Paul** - Independent Director<BR>4. **Prasen Jeet Singh** - Independent Director<BR>5. **Rekha Bhagat** - Non Executive Director<BR>6. **Rekha Devi Bha** - Non Executive Director<BR>7. **Abhijeet Prasad** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Mehai Technology do?

Mehai Technology Ltd is a manufacturer of LED lighting products, operating in the Micro Cap market segment with a market cap of INR 94 Cr. As of June 2026, it reported net sales of 22 Cr and a net profit of 1 Cr.

Overview: <BR>Mehai Technology Ltd is a manufacturer of LED lighting products operating in the Trading & Distributors industry within the Micro Cap market segment.<BR><BR>History: <BR>Mehai Technology Ltd was incorporated as a Private Limited Company on December 13, 2013, and later converted to a Public Limited Company on June 29, 2017. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 22 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 94 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 12.00 <BR>Industry P/E: 56 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.14 <BR>Return on Equity: 3.53% <BR>Price to Book: 0.43<BR><BR>Contact Details: <BR>Address: B-40 Sudarshanpura Indl Area, Jaipur Rajasthan: 302006 <BR>Email: mehai.technology@gmail.com <BR>Website: http://www.mehaitech.com

Who are the peers of the Mehai Technology?

Mehai Technology's peers include Lykis, Landsmill Green, MRC Agrotech, Uma Exports, Goyal Aluminiums, Sharika Enterprises, and Cravatex. Lykis shows the best performance and growth, while Mehai Technology has the lowest return at -85.31%.

Peers: The peers of Mehai Technology are Lykis, Landsmill Green, MRC Agrotech, Uma Exports, Goyal Aluminiums, Sharika Enterpr., and Cravatex.<BR><BR>Quality Snapshot: Excellent management risk is observed at Lykis and Mehai Technology, while Average management risk is found at Goyal Aluminiums and Cravatex, and the rest have Below Average management risk. Growth is Excellent at Lykis and Mehai Technology, Good at MRC Agrotech, while Average growth is seen at Goyal Aluminiums and the rest have Below Average growth. Capital Structure is Good at Goyal Aluminiums, while Below Average capital structure is noted for Lykis, Landsmill Green, MRC Agrotech, Mehai Technology, Uma Exports, Sharika Enterpr., and Cravatex.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lykis at 62.26%, while the peer with the lowest is Mehai Technology at -85.31%, indicating a significantly poorer performance compared to its peers. Additionally, Goyal Aluminiums and Cravatex have negative six-month returns.

How big is Mehai Technology?

As of 31st August, Mehai Technology Ltd has a market capitalization of 94.00 Cr, with recent Net Sales of 128.06 Cr and a Net Profit of 8.00 Cr. Shareholder's Funds are 98.16 Cr and Total Assets are valued at 144.37 Cr as of March 2025.

As of 31st August, Mehai Technology Ltd has a market capitalization of 94.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Mehai Technology reported Net Sales of 128.06 Cr and a Net Profit of 8.00 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 98.16 Cr and Total Assets valued at 144.37 Cr.

Which are the latest news on Mehai Technology?

Should I buy, sell or hold Mehai Technology Ltd?

Are Mehai Technology Ltd latest results good or bad?

Mehai Technology Ltd's latest results show strong quarterly growth with a net profit increase of 192.52% and a 177.05% rise in net sales. However, concerns arise from a significant contraction in operating and profit margins, along with a decline in sales and profit over the past six months, indicating potential operational challenges.

Mehai Technology Ltd's latest results present a mixed picture. On one hand, the company achieved a consolidated net profit of ₹3.13 crores in Q4 FY26, marking a significant year-on-year increase of 192.52%. Additionally, net sales reached ₹61.81 crores, which is a remarkable sequential growth of 177.05% from the previous quarter. This performance indicates a strong quarterly rebound and suggests some operational momentum.<BR><BR>However, there are concerning aspects as well. The operating margin has contracted sharply to 8.57% from 17.30% in the previous quarter, and the profit after tax (PAT) margin has also decreased from 8.70% to 4.63%. Furthermore, over the past six months, net sales declined by 21.60%, and consolidated net profit fell by 22.66% compared to the previous period. This divergence between strong quarterly results and declining half-yearly performance raises questions about the sustainability of the recent growth.<BR><BR>Overall, while the quarterly results show strong revenue and profit growth, the significant margin compression and negative trends in the preceding months suggest that the company is facing operational challenges. Investors should weigh these factors carefully when evaluating the company's performance and future prospects.

When is the next results date for Mehai Technology Ltd?

The next results date for Mehai Technology Ltd is 28 May 2026.

The next results date for Mehai Technology Ltd is scheduled for 28 May 2026.

Is Mehai Technology overvalued or undervalued?

As of November 19, 2025, Mehai Technology is considered very attractive and undervalued with a PE Ratio of 21.40, significantly lower than its peers like Siemens Energy and ABB, despite a year-to-date stock performance lagging behind the Sensex.

As of 19 November 2025, the valuation grade for Mehai Technology has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE Ratio of 21.40, an EV to EBIT of 14.62, and a PEG Ratio of 0.07, which suggests strong growth potential relative to its price.<BR><BR>In comparison to its peers, Mehai Technology's valuation stands out favorably. Siemens Energy Industries, for instance, is deemed very expensive with a PE Ratio of 120.22, while ABB also falls into the very expensive category with a PE Ratio of 60.97. This stark contrast highlights Mehai Technology's relative attractiveness in the market. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date return of -83.5% compared to the Sensex's 9.02%, the company's underlying valuation metrics suggest it is well-positioned for recovery and growth.

How has been the historical performance of Mehai Technology?

Mehai Technology has experienced significant growth in net sales and profitability from Mar'22 to Mar'25, with net sales increasing from 6.01 Cr to 119.46 Cr and profit after tax rising from 0.27 Cr to 7.56 Cr. However, cash flow from operating activities has declined, indicating challenges in cash flow management despite overall positive financial performance.

Answer:<BR>The historical performance of Mehai Technology shows significant growth in net sales and profitability over the past four years.<BR><BR>Breakdown:<BR>Mehai Technology's net sales have surged from 6.01 Cr in Mar'22 to 119.46 Cr in Mar'25, indicating a remarkable upward trend. The total operating income followed a similar trajectory, rising from 6.01 Cr to 119.46 Cr in the same period. Total expenditure, excluding depreciation, increased from 5.53 Cr in Mar'22 to 106.22 Cr in Mar'25, reflecting the company's expansion efforts. Operating profit (PBDIT) also saw substantial growth, climbing from 0.51 Cr in Mar'22 to 13.37 Cr in Mar'25, while profit before tax rose from 0.36 Cr to 10.45 Cr. Consequently, profit after tax increased from 0.27 Cr in Mar'22 to 7.56 Cr in Mar'25, showcasing improved profitability margins. The company's total assets grew significantly from 14.41 Cr in Mar'22 to 144.37 Cr in Mar'25, with total liabilities rising from 14.41 Cr to 144.37 Cr as well. Cash flow from operating activities showed a negative trend, moving from 0.00 Cr in Mar'22 to -21.00 Cr in Mar'25, while cash flow from financing activities improved from 0.00 Cr to 55.00 Cr, indicating reliance on financing for growth. Overall, Mehai Technology has demonstrated a strong growth trajectory in sales and profitability, despite challenges in cash flow management.

Is Mehai Technology technically bullish or bearish?

As of October 13, 2025, Mehai Technology's trend has shifted to a moderate bearish stance, driven by bearish indicators like the MACD and moving averages, despite a mildly bullish monthly trend.

As of 13 October 2025, the technical trend for Mehai Technology has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include the bearish MACD on the weekly chart, bearish moving averages on the daily timeframe, and a bearish KST on the weekly. The Bollinger Bands indicate a mildly bullish trend on the monthly, but this is overshadowed by the overall bearish signals in the weekly timeframe. The Dow Theory shows a mildly bearish stance on the weekly as well. The stock has significantly underperformed compared to the Sensex over the past week and year-to-date, further supporting the bearish outlook.

Who are the top shareholders of the Mehai Technology?

The top shareholder of Mehai Technology is Dynamic Services & Security Limited, holding 54.23%. Individual investors own 42.96%, with the highest public shareholder being Pushpa Bhaju at 3.18%.

The top shareholders of Mehai Technology include the promoters, with Dynamic Services & Security Limited holding the largest share at 54.23%. There are no pledged promoter holdings, and mutual funds and foreign institutional investors do not hold any shares in the company. The highest public shareholder is Pushpa Bhaju, who owns 3.18%. Additionally, individual investors collectively hold 42.96% of the shares.

What is the bonus history of the Mehai Technology?

Mehai Technology issued a 1:1 bonus on September 18, 2018, with a record date of September 19, 2018, allowing shareholders to receive one additional share for each share held.

Mehai Technology has a bonus history that includes a 1:1 bonus issue announced on September 18, 2018. The record date for this bonus was September 19, 2018. This means that shareholders received one additional share for every share they held as of the record date.

Has Mehai Technology declared dividend?

No Dividend History Available