Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹96 Cr.
Stock P/E
12.7
P/B
0.4
Current Price
₹1.2
Book Value
₹ 3
Face Value
1
52W High
₹9.6
52W Low
₹ 1.1
Dividend Yield
0%

Mehai Technology Overview

Business

Mehai Technology Ltd. is an Indian company primarily engaged in trading and distribution activities across diverse product categories. While classified under the Electric Equipment sector, its core business involves the procurement and sale of various industrial and consumer goods, which can include electrical equipment, IT products, and textiles. The company operates on a trading margin model, sourcing goods from manufacturers/suppliers and distributing them to customers, earning a profit on the difference. It has also shown interests in other areas, including infrastructure and real estate projects, indicating a diversified business approach.

Revenue Mix

Specific, granular breakdowns of revenue by distinct business segments (e.g., dedicated revenue from electrical equipment vs. IT products vs. textiles) are often not publicly disclosed in detail for a company of this size. Revenue is primarily generated from "Revenue from Operations," which encompasses the margins earned from its various trading activities. Without specific disclosures, it is challenging to provide a precise percentage contribution from each product category or project type.

Industry

Mehai Technology operates within a highly fragmented and competitive trading and distribution industry in India. Within the broader "Electric Equipment" sector, it functions more as a distributor/trader rather than a large-scale manufacturer. Its positioning is likely that of a relatively smaller player competing with numerous other regional and national trading houses, as well as direct distribution channels of larger manufacturers. It does not directly compete with large integrated electric equipment manufacturers like Siemens, ABB, or major Indian players like Havells or Polycab, which often have their own manufacturing and extensive distribution networks.

MOAT

Mehai Technology Ltd. appears to have limited strong competitive advantages or moats. As a trading and distribution company, it operates in an industry characterized by low barriers to entry and intense price competition. Moats like strong brand recognition, proprietary technology, significant economies of scale, or high customer switching costs are not evident. Any advantage it might possess would likely stem from efficient supply chain management, established relationships with suppliers and customers, or niche market focus, which are often susceptible to disruption.

Growth Drivers

Key factors that could drive growth for Mehai Technology over the next 3-5 years include:

Economic Growth in India: A robust Indian economy generally boosts demand for industrial and consumer goods, benefiting trading activities.

Infrastructure Development: Government and private sector spending on infrastructure projects could increase demand for related electrical equipment and other industrial goods that the company trades.

Expansion of Product Portfolio and Geographic Reach: Successful diversification into new product categories or expansion into untapped geographical markets can open new revenue streams.

Improved Supply Chain Efficiencies: Enhancements in logistics and procurement could lead to better margins and increased competitiveness.

Risks

Intense Competition: The trading and distribution sector is highly competitive, leading to potential margin pressure and difficulty in retaining market share.

Commodity Price Volatility: Fluctuations in the prices of goods it trades (raw materials or finished products) can impact profitability.

Credit Risk: Exposure to credit risk from customers, especially in project-based businesses or large-volume trading.

Inventory Management: Risks associated with holding inventory, including obsolescence, damage, and price depreciation.

Regulatory and Policy Changes: Changes in trade policies, taxation, or import/export regulations could impact business operations and profitability.

Funding and Capital Availability: As a smaller diversified company, access to sufficient and cost-effective capital for expansion or project financing can be a challenge.

Management & Ownership

Mehai Technology Ltd. is typically managed by its promoter group, who hold a significant stake in the company. The promoter ownership percentage is a key aspect for small-cap Indian companies, indicating control and alignment of interests. While specific details on the track record of individual management personnel are not always widely publicized for companies of this size, the overall performance and strategic direction are largely influenced by the promoter family or group. Ownership structure details are publicly available via stock exchange filings.

Outlook

Mehai Technology operates in sectors with potential tailwinds from India's economic growth and infrastructure push, which could drive demand for the various goods it trades, including electric equipment. The company's diversified approach across multiple product categories and its interests in areas like real estate could provide multiple revenue streams and some resilience against downturns in any single segment. However, its small size and primary engagement in the highly competitive and low-margin trading business, coupled with a lack of significant proprietary assets or a strong competitive moat, present challenges. Future performance will largely depend on its ability to efficiently manage its diverse trading operations, control costs, expand its network, and effectively navigate the intense competition and market volatility inherent in its business model.

Mehai Technology Share Price

Live · BSE · Inception: 2013
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Mehai Technology Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 4 2 10 55 52 18 22 22 62 22
Other Income 0 0 0 0 0 0 0 -0 0 0
Total Income 4 2 10 55 52 19 22 22 62 22
Total Expenditure 4 1 9 46 50 16 18 18 57 19
Operating Profit 1 1 1 9 3 3 4 4 6 4
Interest 0 0 0 1 1 1 1 1 1 2
Depreciation 0 0 0 0 0 0 0 -0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 1 8 1 2 2 3 4 2
Provision for Tax 0 0 0 2 0 0 1 1 1 1
Profit After Tax 0 0 1 6 1 1 2 2 3 1
Adjustments -0 -0 0 -0 0 -0 -0 -0 0 -0
Profit After Adjustments 0 0 1 5 1 1 2 2 3 1
Adjusted Earnings Per Share 0 0 0 0.1 0 0 0 0 0 0

Mehai Technology Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9 15 119 128
Other Income 0 0 0 0
Total Income 9 15 120 128
Total Expenditure 8 13 106 112
Operating Profit 1 2 13 18
Interest 0 1 2 5
Depreciation 0 0 1 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 1 10 11
Provision for Tax 0 0 3 4
Profit After Tax 1 1 8 8
Adjustments 0 -0 -0 0
Profit After Adjustments 1 1 7 8
Adjusted Earnings Per Share 0 0 0.1 0

Mehai Technology Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 13 43 98
Minority's Interest 0 0 1
Borrowings 1 0 6
Other Non-Current Liabilities 0 0 2
Total Current Liabilities 3 14 37
Total Liabilities 18 57 144
Fixed Assets 2 2 6
Other Non-Current Assets 9 40 72
Total Current Assets 7 15 67
Total Assets 18 57 144

Mehai Technology Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 0
Cash Flow from Operating Activities 3 2 -22
Cash Flow from Investing Activities -4 -37 -35
Cash Flow from Financing Activities 1 35 56
Net Cash Inflow / Outflow 1 -0 -0
Closing Cash & Cash Equivalent 1 0 0

Mehai Technology Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.03 0.02 0.14
CEPS(Rs) 0.03 0.02 0.15
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 0.71 1.05 1.35
Core EBITDA Margin(%) 10.53 13.71 11.09
EBIT Margin(%) 10.48 12.58 10.75
Pre Tax Margin(%) 10.11 6.74 8.74
PAT Margin (%) 5.87 3.87 6.33
Cash Profit Margin (%) 7.44 5.67 6.78
ROA(%) 2.92 1.54 7.49
ROE(%) 3.82 2.32 13.59
ROCE(%) 6.14 5.65 13.65
Receivable days 37 42.1 56.25
Inventory Days 122.16 167.73 42.71
Payable days 101.47 61.89 5.8
PER(x) 37.39 66.35 63.75
Price/Book(x) 1.43 1.06 6.36
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 2.28 3.14 4.31
EV/Core EBITDA(x) 18.93 21.82 38.52
Net Sales Growth(%) 0 70.26 701.21
EBIT Growth(%) 0 104.37 584.62
PAT Growth(%) 0 12.25 1209.56
EPS Growth(%) 0 -38.59 708.38
Debt/Equity(x) 0.11 0.24 0.51
Current Ratio(x) 2.32 1.04 1.81
Quick Ratio(x) 1.31 0.29 1.35
Interest Cover(x) 28.86 2.15 5.37
Total Debt/Mcap(x) 0.08 0.23 0.08

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +693% — — —
Operating Profit CAGR +550% — — —
PAT CAGR +700% — — —
Share Price CAGR -87% +3% -13% —
ROE Average +14% +7% +7% +7%
ROCE Average +14% +8% +8% +8%

Mehai Technology Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 36.45 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 63.55 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 52.1656.3356.3355.7952.4654.2154.2136.8336.4536.45
FII 0000000000
DII 0000000000
Public 47.8443.6743.6744.2147.5445.7945.7963.1763.5563.55
Others 0000000000
Total 100100100100100100100100100100

Mehai Technology Peer Comparison

Electric Equipment Edit Columns

Mehai Technology Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Mehai Technology Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Debtor days have improved from 61.89 to 5.8days.

Cons

  • Promoter holding is low: 36.45%.
  • Company has a low return on equity of 7% over the last 3 years.
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