Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mihika Industries Ltd is a below average quality company.
The key valuation ratios of Mihika Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mihika Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.1% | 0.1% | 0.5% | -0.5% | -1.8% | -0.3% | -0.9% | -0.1% | -14.2% | 0.9% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -1.0 | -1.0 | -1.1 | -1.0 | -1.1 | -1.0 | -2.0 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1.1 | 1.2 | 1.8 | 1.8 | 1.8 | 2 | 1.8 | 1.8 | 0 | 6.2 | 13 |
| Sales YoY Gr. | - | 10.8% | 43.9% | 3.4% | -3.3% | 15.3% | -12.8% | -1.1% | -100% | NA | - |
| Adj EPS ⓘ | -0 | 0.2 | -0.3 | 0.1 | -0.2 | -0.1 | -0 | -0.1 | -2.4 | 0.1 | 0.8 |
| YoY Gr. | - | NA | -236.8% | NA | -387.5% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 24.7 | 24.8 | 24.7 | 24.6 | 24.3 | 24.3 | 24.1 | 24.1 | 21.7 | 21.8 | 22.4 |
| Adj Net Profit ⓘ | 0 | 0.2 | -0.3 | 0.1 | -0.2 | -0.1 | 0 | -0.1 | -2.4 | 0.1 | 1 |
| Cash Flow from Ops. ⓘ | 3.8 | 0.6 | -2.2 | 0.7 | -2.4 | -2.5 | -1.5 | 0.2 | 0.5 | -0.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.1% | 28.5% | 51.6% | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -1.4% | -2.1% | -3.2% | 0.8% | ||||
| Share Price | - | 7.6% | 12.9% | 20.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.1 | 0.8 | -1 | 0.3 | -0.9 | -0.2 | -0.1 | -0.3 | -10.4 | 0.6 | 3.8 |
| Op. Profit Mgn % ⓘ | -49.6 | -53.8 | -77.6 | -78.3 | -93.1 | -69.1 | -80.5 | -81.4 | 0 | -11.1 | 2.1 |
| Net Profit Mgn % ⓘ | -1.9 | 15.4 | -14.5 | 4.6 | -12.7 | -2.6 | -0.7 | -4.3 | 0 | 2.1 | 6.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 7,270 | 6,758 | 4,913 | 4,627 | 4,620 | 4,172 | 4,874 | 4,880 | 0 | 1,207 | 148 |
| Cash Conv. Cycle ⓘ | 69 | 62 | 41 | 20 | 0 | 6 | 25 | 18 | 0 | 183 | 145 |
Return on Equity has increased versus last 3 years average to 3.80%
Sales growth is growing at healthy rate in last 3 years 51.59%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.8 | - |
| TTM Sales (₹ Cr.) | 12.6 | - |
| BVPS (₹.) ⓘ | 22.4 | - |
| Reserves (₹ Cr.) ⓘ | 12 | - |
| P/BV ⓘ | 1.34 | - |
| PE ⓘ | 36.18 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 20.91 / 45.79 |
| All Time Low / High (₹) | 17.15 / 45.79 |
| Market Cap (₹ Cr.) | 30 |
| Equity (₹ Cr.) | 10 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.11 | 1.23 | 1.77 | 1.83 | 1.77 | 2.04 | 1.78 | 1.76 | 0 | 6.20 |
| Operating Expenses ⓘ | 1.77 | 2.17 | 3.16 | 3.56 | 3.60 | 3.45 | 3.54 | 3.19 | 4.51 | 6.89 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 1.13 | 1.34 | 2.01 | 1.91 | 1.81 | 2.11 | 1.81 | 1.79 | 0 | 6.14 |
| Employee Cost | 0.19 | 0.24 | 0.43 | 0.45 | 0.45 | 0.47 | 0.49 | 0.47 | 0.37 | 0.19 |
| Other Costs ⓘ | 0.45 | 0.59 | 0.72 | 1.19 | 1.35 | 0.87 | 1.24 | 0.93 | 4.13 | 0.56 |
| Operating Profit ⓘ | -0.67 | -0.94 | -1.39 | -1.73 | -1.83 | -1.41 | -1.77 | -1.43 | -4.51 | -0.69 |
| Operating Profit Margin (%) | -60.1% | -75.9% | -78.6% | -94.6% | -103.0% | -69.1% | -99.4% | -81.6% | - | -11.1% |
| Other Income ⓘ | 0.69 | 0.96 | 1.52 | 1.60 | 1.39 | 1.34 | 1.55 | 1.42 | 1.27 | 0.88 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.02 | 0.02 | 0.13 | -0.13 | -0.45 | -0.07 | -0.22 | -0.02 | -3.24 | 0.19 |
| Tax ⓘ | 0 | 0.01 | 0.02 | -0.04 | -0.10 | -0.02 | -0.06 | 0 | -0.83 | 0.02 |
| Profit After Tax | 0.02 | 0.01 | 0.11 | -0.09 | -0.35 | -0.05 | -0.16 | -0.02 | -2.42 | 0.18 |
| PAT Margin (%) | 1.9% | 1.0% | 6.1% | -5.2% | -19.7% | -2.3% | -8.9% | -1.1% | - | 2.9% |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.1 | -0.1 | -0.4 | -0.1 | -0.2 | 0.0 | -2.4 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 24.74 | 24.75 | 24.74 | 24.64 | 24.29 | 24.25 | 24.09 | 24.07 | 21.65 | 21.83 |
| Share Capital ⓘ | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves ⓘ | 14.74 | 14.75 | 14.74 | 14.64 | 14.29 | 14.25 | 14.09 | 14.07 | 11.65 | 11.83 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | -0.01 | 0 | 0.02 | -0.01 | -0.17 | -0.19 | -0.25 | -0.24 | -0.65 | -0.87 |
| Total Liabilities ⓘ | 24.73 | 24.75 | 24.75 | 24.64 | 24.12 | 24.06 | 23.84 | 23.82 | 21.01 | 20.96 |
Fixed Assets | ||||||||||
| Gross Block | 0 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Accumulated Depreciation | 0 | 0 | 0 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Net Fixed Assetsⓘ | 0 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1.29 | 0.92 | 0.43 | 0.93 | 0.81 | 0.04 | 0.04 | 0.12 | 0.33 | 0 |
| Inventories | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0.20 | 0.20 | 0.20 | 0 | 0 | 0.07 | 0.17 | 0 | 0 | 6.20 |
| Cash Equivalents | 1.08 | 0.45 | 0.10 | 1.59 | 0.55 | 0.17 | 0.19 | 0.36 | 0.57 | 0.04 |
| Others Assetsⓘ | 22.13 | 23.18 | 24.01 | 22.11 | 22.76 | 23.78 | 23.44 | 23.34 | 20.10 | 14.72 |
| Total Assets ⓘ | 24.73 | 24.75 | 24.75 | 24.64 | 24.12 | 24.06 | 23.84 | 23.82 | 21.01 | 20.96 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3.76 | 0.60 | -2.19 | 0.70 | -2.37 | -2.49 | -1.51 | 0.20 | 0.48 | -0.86 |
| PBT ⓘ | 0.02 | 0.02 | 0.13 | -0.13 | -0.45 | -0.07 | -0.22 | -0.02 | -3.24 | 0.19 |
| Adjustment ⓘ | -0.49 | -0.92 | -1.48 | -1.29 | -1.20 | -1.34 | -1.52 | -0.06 | 0.06 | -0.01 |
| Changes in Working Capital ⓘ | 4.23 | 1.5 | -0.82 | 2.15 | -0.72 | -1.08 | 0.23 | 0.27 | 3.77 | -1.04 |
| Tax Paid ⓘ | 0 | 0 | -0.02 | -0.03 | 0 | 0 | 0 | 0 | -0.10 | -0.01 |
| Cash Flow From Investing Activity ⓘ | -5.17 | -2.15 | 1.85 | 0.79 | 1.33 | 2.11 | 1.52 | -0.03 | -0.27 | 0.33 |
| Capex | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | -0.37 | 0.37 | 0.89 | -0.76 | -0.05 | 0.78 | 0.14 | -0.03 | -0.27 | 0.33 |
| Others ⓘ | -4.79 | -2.52 | 0.97 | 1.55 | 1.38 | 1.34 | 1.38 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.49 | 0.92 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Interest Paid ⓘ | 0 | 0.92 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.92 | -0.63 | -0.35 | 1.49 | -1.04 | -0.38 | 0.02 | 0.17 | 0.21 | -0.53 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.08 | 0.05 | 0.43 | -0.38 | -1.43 | -0.19 | -0.66 | -0.08 | -10.57 | 0.81 |
| ROCE (%) | 0.09 | 0.08 | 0.51 | -0.54 | -1.82 | -0.27 | -0.91 | -0.07 | -14.18 | 0.89 |
| Asset Turnover Ratio | 0.04 | 0.05 | 0.07 | 0.07 | 0.07 | 0.08 | 0.07 | 0.07 | 0 | 0.3 |
| PAT to CFO Conversion(x) | 188 | 60 | -19.91 | N/A | N/A | N/A | N/A | N/A | N/A | -4.78 | Working Capital Days |
| Receivable Days | 65 | 58 | 41 | 0 | 0 | 12 | 25 | 0 | 0 | 365 |
| Inventory Days | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Mihika Industries Limited is a public limited Company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its shares are listed on Bombay Stock Exchange in India. The registered office of the company is located at Kolkata. The company is engaged in the business of trading in commodities.
The company was incorporated on January 05, 1983, as ‘Ashish Vanijya Pratisthan Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal and received the certificate of commencement of business on January 13, 1983. The name of the company was changed to Mihika Industries Limited on May 05, 1995 and after the company is carrying his Business in the name and style of Mihika Industries Limited.
Business area of the company
The company is carrying on the business of Trading of Commodities and fabrics, Commission Agents and Investments.
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