Mipco Seaml Ring

how big is Mipco Seaml Ring?

As of October 2023, Mipco Seamless Rings (Gujarat) Ltd has a market capitalization of 13.00 Cr, categorizing it as a Micro Cap company, with recent net sales of 0.00 Cr and a net profit of -0.17 Cr over the last four quarters. Shareholder's funds are reported at -1.18 Cr, with total assets of 0.14 Cr.

Market Cap: Mipco Seamless Rings (Gujarat) Ltd has a market capitalization of 13.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Sep'24, Jun'24, Mar'24, and Dec'23, is 0.00 Cr. The sum of Net Profit for the same quarters is -0.17 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: This is also based on Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at -1.18 Cr, while Total Assets amount to 0.14 Cr.

Is Mipco Seaml Ring overvalued or undervalued?

As of October 22, 2024, Mipco Seaml Ring is rated as risky and overvalued, with negative valuation metrics and a 1-year decline of -21.45%, contrasting sharply with its peers like Samvardhana Motherson International Ltd. and Endurance Technologies Ltd. which are rated as attractive and fairly valued, respectively.

As of 22 October 2024, the valuation grade for Mipco Seaml Ring has moved from does not qualify to risky, indicating a significant change in its investment profile. The company is currently assessed as overvalued, with a PE ratio of -10.90, an EV to EBIT of -11.64, and an EV to EBITDA also at -11.64. These negative ratios suggest that the company is struggling financially, particularly in generating earnings relative to its valuation.<BR><BR>In comparison to its peers, Mipco Seaml Ring's valuation metrics starkly contrast with those of Samvardhana Motherson International Ltd., which has a PE ratio of 29.14 and is rated as attractive, and Endurance Technologies Ltd., which is fairly valued with a PE of 42.27. The negative returns of Mipco Seaml Ring, particularly a 1-year decline of -21.45% compared to the Sensex's positive return of 7.60%, further reinforce the notion that the stock is overvalued in the current market environment.

What is the technical trend for Mipco Seaml Ring?

As of May 6, 2025, Mipco Seaml Ring shows a mildly bullish trend in the daily moving averages, but mixed signals from weekly and monthly indicators suggest caution due to bearish momentum in longer time frames.

As of 6 May 2025, the technical trend for Mipco Seaml Ring has changed from sideways to mildly bullish. The daily moving averages indicate a mildly bullish stance, while the weekly MACD is bearish and the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. The KST shows bullish momentum on the weekly chart but is mildly bearish on the monthly, while the Bollinger Bands are sideways weekly and bearish monthly. The Dow Theory indicates no trend on the weekly and mildly bearish on the monthly. Overall, the current technical stance is mildly bullish, but the strength is tempered by bearish signals in the longer time frames.

Who are in the management team of Mipco Seaml Ring?

As of March 2022, the management team of Mipco Seaml Ring includes Sachendra Tummula (Executive Director & Managing Director), Sanjiv Kumar (Non-Executive & Non-Independent Director), Sridevi Nadella (Independent Non-Executive Director), P Raji Reddy (Independent Non-Executive Director), and Sadhanala Venkata Rao (Non-Executive & Non-Independent Director).

As of March 2022, the management team of Mipco Seaml Ring includes the following individuals:<BR><BR>1. Sachendra Tummula - Executive Director & Managing Director<BR>2. Sanjiv Kumar - Non-Executive & Non-Independent Director<BR>3. Sridevi Nadella - Independent Non-Executive Director<BR>4. P Raji Reddy - Independent Non-Executive Director<BR>5. Sadhanala Venkata Rao - Non-Executive & Non-Independent Director<BR><BR>These members play various roles within the company's board of directors.

What does Mipco Seaml Ring do?

Mipco Seamless Rings (Gujarat) Ltd is a micro-cap industrial manufacturer specializing in rolled rings for bearing races, with no reported net profit as of September 2024 and a market cap of INR 9 Cr. The company has been operational since 1982 and has a negative debt-equity ratio and price-to-book value.

Overview:<BR>Mipco Seamless Rings (Gujarat) Ltd is a micro-cap company in the industrial manufacturing sector that specializes in the production of rolled rings for bearing races.<BR><BR>History:<BR>The company was incorporated in January 1980 and commenced production in April 1982. It has not reported any changes in status since its inception. The latest quarterly results available are for September 2024, showing no net profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Sep 2024)<BR>Market-cap value: INR 9 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 12<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.57<BR>Return on Equity: 4.65%<BR>Price to Book: -6.89<BR><BR>Contact Details:<BR>Address: 34 Corpus Techno Enclave, AVS Compound 4th Block Koraman Bangalore Karnataka : 560095<BR>Phone: 080-25520334<BR>Email: kumar.Tandon@corpus.com<BR>Website: http://www.mipcoseamless.com

Who are the top shareholders of the Mipco Seaml Ring?

The top shareholders of Mipco Seaml Ring are primarily individual investors, holding 96.47% of the shares, with Sadhanala Venkata Rao owning 15.73%. There are also five mutual fund schemes with a combined 0.43% stake, while Sachendra Tummala, the main promoter, has a stake listed as 0.0%, and no foreign institutional investors are involved.

The top shareholders of Mipco Seaml Ring include individual investors, who hold a significant 96.47% of the company's shares. Among the public shareholders, Sadhanala Venkata Rao stands out with a holding of 15.73%. The promoter with the highest holding is Sachendra Tummala, although his stake is listed as 0.0%. Additionally, there are five mutual fund schemes that collectively hold 0.43% of the shares, while there are no foreign institutional investors (FIIs) involved. Overall, the majority of the company's shares are held by non-institutional entities.

Are Mipco Seaml Ring latest results good or bad?

Mipco Seamless Rings' latest results are concerning, with net sales flat at 0.00% and a significant 14.29% decline in net profit. Despite a slight improvement in overall score, analysts recommend a 'Sell' due to competitive pressures and unfavorable financial performance.

Mipco Seamless Rings has recently reported its financial results for the quarter ending June 2025, and the performance appears to be concerning. The company has shown no growth in net sales compared to the previous year, remaining flat at 0.00%. However, the standalone net profit has declined significantly by 14.29%, which is a notable drop from a previous growth of 56.25% in the same quarter last year.<BR><BR>Additionally, the company's overall score has improved slightly from -3 to -2 over the last three months, indicating a marginal enhancement in its financial health. Despite this slight improvement, the 'Sell' call from MarketsMOJO suggests that analysts are cautious about the company's prospects, especially given the competitive pressures it faces in the auto ancillary sector.<BR><BR>In summary, while there are signs of slight improvement, the decline in net profit and stagnant sales indicate that the latest results are not favorable. Investors should consider these factors carefully when evaluating Mipco Seamless Rings.

How has been the historical performance of Mipco Seaml Ring?

Mipco Seaml Ring has reported zero operating income from March 2018 to March 2024, with increasing losses and total expenditure rising from 0.11 crore to 0.31 crore. Despite an increase in equity capital to 5.58 crore, the company's reserves have turned negative at -6.76 crore, indicating financial distress and declining shareholder value.

Answer:<BR>The historical performance of Mipco Seaml Ring shows consistent figures over the years, with no net sales or other operating income reported from March 2018 to March 2024. The total operating income remained at zero throughout this period, indicating a lack of revenue generation. The company's total expenditure, excluding depreciation, has gradually increased from 0.11 crore in March 2018 to 0.31 crore in March 2024, primarily driven by employee costs and other expenses. Operating profit (PBDIT) has consistently been negative, culminating in a loss of 0.31 crore in March 2024, compared to a loss of 0.11 crore in March 2018. The net profit also reflects this trend, with losses increasing from 0.11 crore in March 2018 to 0.31 crore in March 2024. The company's equity capital has increased from 3.58 crore in March 2018 to 5.58 crore in March 2024, but reserves have turned negative, reaching -6.76 crore in March 2024. The book value per share has also declined, indicating deteriorating shareholder value.<BR><BR>Breakdown:<BR>Mipco Seaml Ring has not generated any net sales or other operating income from March 2018 to March 2024, maintaining a total operating income of zero. The total expenditure has risen from 0.11 crore in March 2018 to 0.31 crore in March 2024, with employee costs and other expenses contributing to this increase. The operating profit (PBDIT) has consistently been negative, with losses growing from -0.11 crore in March 2018 to -0.31 crore in March 2024. Similarly, the net profit has worsened over the years, reflecting a loss of -0.31 crore in March 2024 compared to -0.11 crore in March 2018. The equity capital has increased to 5.58 crore, but the reserves have turned negative, indicating financial distress, with total reserves at -6.76 crore in March 2024. The book value per share has also declined, highlighting a decrease in shareholder value over the years.

Should I buy, sell or hold Mipco Seaml Ring?

When is the next results date for Mipco Seaml Ring?

Mipco Seaml Ring will announce its results on 14 November 2025.

Mipco Seaml Ring will declare its results on 14 November 2025.

Which are the latest news on Mipco Seaml Ring?

Why is Mipco Seamless Rings (Gujarat) Ltd falling/rising?

As of 06-Feb, Mipco Seamless Rings (Gujarat) Ltd's stock price is Rs 25.65, reflecting a 5% decline today and a 5.84% drop year-to-date, significantly underperforming against the Sensex. The stock is trading below all key moving averages, indicating a bearish trend, and the company's weak fundamentals, including negative EBITDA and high debt levels, contribute to its risk profile.

As of 06-Feb, Mipco Seamless Rings (Gujarat) Ltd is experiencing a decline in its stock price, currently at Rs 25.65 with no change from the previous day. The stock has underperformed significantly, with a 5% drop today alone, opening with a loss and touching an intraday low of Rs 25.65. Over the past week, the stock has decreased by 5.00%, while the benchmark Sensex has increased by 1.59%. <BR><BR>The stock's performance over the last month shows a decline of 5.04%, contrasting with a slight decrease of 1.74% in the Sensex. Year-to-date, Mipco's stock has fallen by 5.84%, while the Sensex has also seen a minor decline of 1.92%. This trend indicates a consistent underperformance relative to the market.<BR><BR>Additionally, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend. There has also been a notable decrease in investor participation, with delivery volume falling by 18.55% compared to the 5-day average. <BR><BR>The company's fundamentals appear weak, as it has not declared results in the last six months, and it has reported negative EBITDA. Furthermore, the company has shown poor long-term growth, with net sales and operating profit stagnating over the past five years. The high debt levels, indicated by a debt-to-equity ratio of 0 times, further contribute to the stock's risk profile. <BR><BR>Overall, these factors collectively explain the decline in Mipco Seamless Rings (Gujarat) Ltd's stock price.