Monind

Which are the latest news on Monind?

Why is Monind Ltd falling/rising?

As of 10-Jun, Monind Ltd's stock price is rising to Rs 25.52, reflecting a 4.8% increase due to strong initial buying interest and significant investor participation, with delivery volume up 554.68%. The stock's performance indicates a rebound in investor confidence, despite being near its 52-week low.

As of 10-Jun, Monind Ltd's stock price is rising, currently at Rs 25.52, reflecting a change of Rs 1.17 or 4.8% increase. This upward movement is attributed to several factors. Firstly, the stock opened with a gain of 4.8% today and reached an intraday high of Rs 25.52, indicating strong initial buying interest. Additionally, the stock has outperformed its sector by 5.99%, suggesting positive sentiment relative to its peers.<BR><BR>Moreover, there has been a significant increase in investor participation, with delivery volume on June 8 rising by 554.68% compared to the 5-day average. This surge in trading activity indicates heightened interest from investors, which often correlates with price increases. <BR><BR>Despite the stock being close to its 52-week low, at only 4.62% away from Rs 24.34, the current performance suggests a rebound in investor confidence. The stock is trading above its 100-day and 200-day moving averages, although it remains below the shorter-term moving averages, which may indicate a potential for further upward momentum if the positive trends continue. Overall, the combination of strong opening gains, increased trading volume, and relative outperformance in the sector contributes to the rising stock price of Monind Ltd.

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.

how big is Monind?

As of Jun 06, Monind Ltd has a market capitalization of 9.79 Cr, with net sales of 0.00 Cr and a net profit of -2.55 Cr for the latest four quarters. The shareholder's funds stand at -51.02 Cr, while total assets are 25.47 Cr.

Market Cap: As of Jun 06, Monind Ltd has a market capitalization of 9.79 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, which are reported as standalone data, Monind has recorded net sales of 0.00 Cr and a net profit of -2.55 Cr.<BR><BR>Balance Sheet Snapshot: This is standalone data for the latest annual period ending in Mar 2024. The shareholder's funds are reported at -51.02 Cr, while total assets amount to 25.47 Cr.

When is the next results date for Monind?

No Upcoming Board Meetings

Who are in the management team of Monind?

As of March 2022, 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).

As of March 2022, 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>These members play various roles in the governance and management of the company.

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 March 2025, it reported a net profit of -1 Cr and has a market cap of Rs 9 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 Ltd and later Monnet Ferro Alloys after setting up a ferro chrome project. It became a Public Limited Company in February 1984. The latest quarterly results reported are for March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 9 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.50 <BR>Return on Equity: 2.16% <BR>Price-to-Book: -0.18 <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

Has Monind declared dividend?

No Dividend History Available

Who are the peers of the Monind?

Monind's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others, with varying management risks and growth rates. Welspun Corp leads in 1-year returns at 68.43%, while Jindal Saw has the lowest at -22.93%, and Monind's return is -0.79%.

Peers: The peers of Monind are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Eastcoast Steel, AFLOAT Enterpris, MFS Intercorp, P.M. Telelinnks, and T N Steel Tubes.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and MFS Intercorp, and Average management risk is noted at Jindal Saw, Eastcoast Steel, and T N Steel Tubes, with Below Average management risk at AFLOAT Enterpris and P.M. Telelinnks. Excellent growth is seen at APL Apollo Tubes and Jindal Saw, Average growth is present at Shyam Metalics, Ratnamani Metals, and MFS Intercorp, while Below Average growth is noted at Welspun Corp, Eastcoast Steel, AFLOAT Enterpris, and P.M. Telelinnks, and the rest have Does not qualify. Excellent capital structure is found at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is observed at P.M. Telelinnks, and Below Average capital structure is noted at Welspun Corp, Jindal Saw, Eastcoast Steel, AFLOAT Enterpris, and MFS Intercorp.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.43%, while the peer with the lowest is Jindal Saw at -22.93%. Monind's own 1-year return is -0.79%, which is higher than Jindal Saw's but lower than Welspun Corp's. Additionally, Eastcoast Steel, Jindal Saw, and T N Steel Tubes have negative six-month returns.