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    Financial conglomerates
Mahan Industries Limited

Mahan Industries Limited

BBSE:MAHANIN
50.13
INR
+2.38
(+4.98%)
3.70EPS
2.99P/E
49.82MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.41
3.43
0.31
-0.99
0.05
1.27
1.91
0.92
2.21
3.26
1.98
4.82
13.85
17.23
Basic EPS, GAAP
-7.35
-2.16
-2.23
-3.29
-0.92
-10.08
-2.49
-8.9
-0.5
-0.06
-0.14
-0.3
0.1
3.7
Free Cash Flow per Basic Share
-29.32
33.21
-1.72
-2.26
-0.36
-2.37
0.24
-5.05
-1.99
-0.2
0.11
-4.3
1.09
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
41.03
38.85
34.82
31.53
30.62
20.54
18.05
9.12
8.67
8.61
8.47
11.47
11.57
- -
Tangible Book Value per Share
41.03
38.85
34.82
31.53
30.62
20.54
18.05
9.12
8.67
8.61
8.47
11.47
11.57
- -
Basic Weighted Avg Shares
4
4
4
4
4
4
4
4
3
4
4
5
5
5
Sales/Revenue/Turnover
5
12
1
-4
- -
5
7
3
7
12
7
22
62
79
Operating Margin (%)
-46.01
-25.07
-159.83
75.03
-1,832.9
-715.85
-122.63
-636.75
-22.45
4.06
4.77
0.19
1.92
-12.4
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-26
-8
-8
-12
-3
-36
-9
-32
-2
- -
-1
-1
- -
17
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
19.59
Profit Margin (%)
-522.36
-63.16
-718.86
332.14
-1,835.15
-795.12
-130.09
-968.84
-22.64
-1.99
-7.03
-6.31
0.74
21.48
Working Capital
62
45
43
57
54
59
60
46
65
65
65
83
95
- -
LT Debt
- -
- -
- -
- -
- -
27
28
28
34
35
35
35
53
- -
Total Equity
148
140
125
114
110
74
65
33
31
31
30
52
52
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.19
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.19
- -
Return on Common Equity (%)
-16.43
-5.42
-6.05
-9.91
-2.95
-39.39
-12.88
-65.75
-5.07
-0.75
-1.63
-3.34
0.89
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
53
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
5
4
Market Capitalization
41
45
50

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
100
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
13
- -
Inventories
- -
12
- -
Total Current Liabilities
- -
5
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.39%
12.58%
0.89%
Free Cash Flow
-740.91%
-1,113.86%
-125.3%
Net Income, GAAP
113.05%
-5.37%
-133.67%
Sales/Revenue/Turnover
244.09%
106.44%
187.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4
3
9
3
22
2026
7
14
16
22
62
2027
27
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.16
0.02
-0.04
-0.41
-0.3
2026
0.18
0.05
-0.6
0.47
0.1
2027
3.83
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ritendrasinh Kishorsinh Rathod
Full Time Employees
3
Sector
Finance
Industry
Financial conglomerates
Address
B-107, Sankalp Iconic Tower Ahmedabad GU India 380054
IPO Date
Jul 1, 2002
Website
mahan.co.in
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Business
Mahan Industries Limited is an India-based investment company primarily engaged in investing in shares and bill discounting for the corporate sector. The company provides direct equity capital, debt financing, and loans to companies, business entities, and high-net-worth individuals. Its product portfolio mainly comprises financial assets and investments in publicly traded companies in the secondary market, from which it derives income primarily through dividends, interest, and profits realized from the sale of securities. Founded in 1995 and headquartered in India, Mahan Industries operates predominantly within the Indian market. In recent developments, the company has focused on strategic capital management, including the allotment of 3.6 million equity shares to existing shareholders following a Supreme Court-approved share capital reduction. It has also undergone management changes, including resignations and reconstitutions in its board committees, reflecting a governance shift. Furthermore, Mahan Industries has reported an increase in its net sales and profit margins in recent quarters, reflecting operational improvements. It continues to actively manage its investment portfolio and maintain its financial services focus, with no major product diversification beyond investment activities reported in the last two years. The company’s market capitalization and modest financial performance highlight its standing as a niche player in investment and financial services within India.