---
title: "Mahan Industries (MAHANIN) Share Price, Financials & Research"
symbol: "531515"
company: "Mahan Industries Ltd"
canonical: "https://tapetide.com/stocks/531515"
isin: "INE735D01041"
bse_code: "531515"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-11-05T01:51:31.507Z"
---

# Mahan Industries (MAHANIN)

Canonical page: https://tapetide.com/stocks/531515

## Key Facts

- **Price:** ₹32.41 as of 4 Nov 2026, 16:31 IST
- **P/E (TTM):** n/m (Not meaningful: last twelve months’ earnings are mostly a one-off item)
- **1-year price change:** +290.48% from 3 Nov 2025 to 4 Nov 2026, adjusted for splits and bonuses, dividends excluded
- **Revenue, Jun 2026 quarter:** ₹2.66 Cr, against ₹0.65 Cr in Jun 2025
- **Net profit, Jun 2026 quarter:** ₹1.72 Cr, against ₹0.08 Cr in Jun 2025
- **Promoter holding:** 1.16% in Sep 2026, unchanged from Jun 2026

## Company

- **BSE code:** 531515
- **ISIN:** INE735D01041
- **Macro sector:** Services
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Basic industry:** Trading & Distributors
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹32.41
- **Change:** -1.70 (-4.98%)
- **Open:** ₹32.41
- **Day High:** ₹32.41
- **Day Low:** ₹32.41
- **Previous Close:** ₹34.11
- **Volume:** 3,644
- **As of:** 4 Nov 2026, 16:31 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 16:31 IST · EPS basis: Standalone · TTM.

- **ROCE:** 1.26%
- **Debt to Equity:** 1.01
- **EPS (TTM):** ₹3.73
- **Book Value:** ₹19.74
- **P/E (TTM):** n/m (Not meaningful: last twelve months’ earnings are mostly a one-off item)
- **P/B:** 1.64
- **ROE:** 0.96%
- **Dividend Yield:** 0.00%
- **EBITDA:** ₹0.10 Cr
- **52W High:** ₹52.63
- **52W Low:** ₹8.71

## Peer Comparison

Classification: Services › Commercial Services & Supplies › Trading & Distributors

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [Redington Ltd (REDINGTON)](https://tapetide.com/stocks/REDINGTON) | ₹366.75 | 16.85 | ₹26,244 Cr | 2.82 | 1.79% | 16.90% | 18.40% | ₹1,28,133 Cr | ₹1,504 Cr |
| [MMTC Ltd (MMTC)](https://tapetide.com/stocks/MMTC) | ₹53.50 | 17.95 | ₹7,929 Cr | 3.78 | 0.00% | -14.30% | 8.67% | ₹3 Cr | ₹447 Cr |
| [MSTC Ltd (MSTCLTD)](https://tapetide.com/stocks/MSTCLTD) | ₹583.90 | 17.54 | ₹4,034 Cr | 4.55 | 2.78% | 26.60% | 30.30% | ₹386 Cr | ₹234 Cr |
| [Creative Newtech Ltd (CNL)](https://tapetide.com/stocks/CNL) | ₹1,386.60 | 28.27 | ₹1,806 Cr | 5.19 | 0.04% | 18.80% | 18.80% | ₹2,787 Cr | ₹74 Cr |
| [Pervasive Commodities Ltd (PERVASIVE)](https://tapetide.com/stocks/517172) | ₹12.62 | — | ₹1,031 Cr | 12.62 | 0.00% | 22.10% | 22.10% | ₹40 Cr | ₹0 Cr |
| [RRP Defense Ltd (RRPDEFENSE)](https://tapetide.com/stocks/530929) | ₹584.75 | — | ₹802 Cr | 59.31 | 0.00% | -13.70% | -11.10% | ₹12 Cr | -₹2 Cr |
| [Mahan Industries Ltd (MAHANIN)](https://tapetide.com/stocks/531515) (this company) | ₹32.41 | — | ₹15 Cr | 1.64 | 0.00% | 0.96% | 1.26% | ₹8 Cr | ₹2 Cr |
| Median of 7 companies | ₹366.75 | 17.74 | ₹1,806 Cr | 4.55 | 0.00% | 16.90% | 18.40% | ₹40 Cr | ₹74 Cr |

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

## Key Insights

### Strengths

- Debtor days have improved from 541 to 75.6 days.
- Company's working capital requirements have reduced from 610 days to 124 days

### Weaknesses

- Stock is trading at 2.53 times its book value
- Promoter holding is low: 1.16%
- Company has a low return on equity of -0.49% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.17 Cr.

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Strong Bullish | 6 | 2 | 11 |
| Oscillators | Strong Bullish | 2 | 2 | 5 |
| Moving Averages | Strong Bullish | 4 | 0 | 6 |

### Oscillators: Strong Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 43.02 | Neutral |
| MACD (12,26,9) | 2.53 | Bearish |
| Stochastic (14,3,3) | 1.65 | Bullish |
| ADX (14) | 68.61 | Bullish |
| Williams %R (14) | -100.00 | Bullish |
| ATR (14) | 2.50 | Neutral |
| ROC (12) | -28.52 | Bearish |
| Stoch RSI (14) | 0.00 | Bullish |
| UO (7,14,28) | 21.44 | Bullish |

### Moving Averages: Strong Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 40.49 | Bearish |
| EMA (10) | 37.93 | Bearish |
| SMA (20) | 40.30 | Bearish |
| EMA (20) | 37.20 | Bearish |
| SMA (50) | 26.53 | Bullish |
| EMA (50) | 29.45 | Bullish |
| SMA (100) | 17.84 | Bullish |
| EMA (100) | 21.61 | Bullish |
| SMA (200) | 10.84 | Bullish |
| EMA (200) | 14.56 | Bullish |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 32.41 | 32.41 | 32.41 |
| R2 | 32.41 | 32.41 | 32.41 |
| R1 | 32.41 | 32.41 | 32.41 |
| PP | 32.41 | 32.41 | 32.41 |
| S1 | 32.41 | 32.41 | 32.41 |
| S2 | 32.41 | 32.41 | 32.41 |
| S3 | 32.41 | 32.41 | 32.41 |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 10Y | 41.77% | compounded annual rate, Mar 2016 to Mar 2026 |
| Revenue | 5Y | 79.97% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 74.62% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 187% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Revenue | TTM | 256% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Net profit | 10Y | Turned to profit | compounded annual rate, Mar 2016 to Mar 2026: -₹0.80 Cr to ₹0.05 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 5Y | Turned to profit | compounded annual rate, Mar 2021 to Mar 2026: -₹3.22 Cr to ₹0.05 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 3Y | Turned to profit | compounded annual rate, Mar 2023 to Mar 2026: -₹0.02 Cr to ₹0.05 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | 1Y | Turned to profit | fiscal year to Mar 2026 vs the year to Mar 2025: -₹0.14 Cr to ₹0.05 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Net profit | TTM | Turned to profit | four quarters to Jun 2026 vs the four to Jun 2025: -₹0.11 Cr to ₹1.68 Cr. A loss at the start and a profit at the end. A growth rate off a loss has no meaning. |
| Operating cash flow | 10Y | Turned positive | compounded annual rate, Mar 2016 to Mar 2026: -₹0.62 Cr to ₹0.49 Cr. A cash outflow at the start and an inflow at the end. |
| Operating cash flow | 5Y | Turned positive | compounded annual rate, Mar 2021 to Mar 2026: -₹1.82 Cr to ₹0.49 Cr. A cash outflow at the start and an inflow at the end. |
| Operating cash flow | 3Y | Turned positive | compounded annual rate, Mar 2023 to Mar 2026: -₹0.07 Cr to ₹0.49 Cr. A cash outflow at the start and an inflow at the end. |
| Operating cash flow | 1Y | Turned positive | fiscal year to Mar 2026 vs the year to Mar 2025: -₹1.93 Cr to ₹0.49 Cr. A cash outflow at the start and an inflow at the end. |
| Operating cash flow | TTM | — | four quarters to Jun 2026 vs the four to Jun 2025. Reported once a year, so there is no trailing-twelve-month figure. |
| Operating margin | 10Y | +159.82 pp | compounded annual rate, Mar 2016 to Mar 2026 |
| Operating margin | 5Y | +974.66 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +1.08 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | +3.31 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | TTM | -8.70 pp | four quarters to Jun 2026 vs the four to Jun 2025 |

## Financial Statements

### Quarterly Results

Figures in ₹ crore unless the row name gives another unit.

| Item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 0.22 | 0.26 | 0.1 | 0.13 | 0.46 | 0.37 | 0.94 | 0.32 | 0.65 | 1.5 | 1.59 | 2.36 | 2.66 |
| Expenses | 0.22 | 0.23 | 0.08 | 0.13 | 0.38 | 0.35 | 0.94 | 0.51 | 0.56 | 1.46 | 1.97 | 2.13 | 3.54 |
| Operating Profit | 0 | 0.03 | 0.02 | 0 | 0.08 | 0.02 | 0 | -0.19 | 0.09 | 0.04 | -0.38 | 0.23 | -0.88 |
| OPM % | 0% | 11.54% | 20% | 0% | 17.39% | 5.41% | 0% | -59.38% | 13.85% | 2.67% | -23.9% | 9.75% | -33.08% |
| Other Income | 0 | 0 | 0 | -0.06 | 0 | 0 | 0 | -0.01 | 0 | 0 | 0.13 | 0 | 3.04 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | 0.02 | 0.01 | -0.07 | 0.08 | 0.01 | -0.01 | -0.21 | 0.08 | 0.02 | -0.27 | 0.21 | 2.13 |
| Tax % | 0% | 0% | 0% | 0% | 25% | 0% | 0% | -9.52% | 0% | 0% | 0% | 0% | 19.25% |
| Net Profit | -0.01 | 0.02 | 0.01 | -0.07 | 0.06 | 0.01 | -0.01 | -0.19 | 0.08 | 0.02 | -0.27 | 0.21 | 1.72 |
| EPS in Rs | 0 | 0.01 | 0 | -0.02 | 0.02 | 0 | -0.03 | -0.42 | 0.18 | 0.04 | -0.6 | 0.47 | 3.82 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 1.33 | 0.19 | 0.16 | 0.02 | 0.46 | 0.69 | 0.33 | 0.72 | 1.17 | 0.71 | 2.17 | 6.23 | 8.11 |
| Expenses | 1.56 | 0.49 | 0.87 | 0.35 | 4.09 | 1.65 | 3.54 | 0.88 | 1.16 | 0.73 | 2.2 | 6.11 | 9.1 |
| Operating Profit | -0.23 | -0.3 | -0.71 | -0.33 | -3.63 | -0.96 | -3.21 | -0.16 | 0.01 | -0.02 | -0.03 | 0.12 | -0.99 |
| OPM % | -17.29% | -157.89% | -443.75% | n/m | -789.13% | -139.13% | -972.73% | -22.22% | 0.85% | -2.82% | -1.38% | 1.93% | -12.21% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 | 0 | -0.08 | 0 | 3.17 |
| Interest | 0.55 | 0.5 | 0.47 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 | 0.03 | 0.07 | 0.09 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.78 | -0.8 | -1.18 | -0.33 | -3.63 | -0.89 | -3.21 | -0.16 | -0.02 | -0.05 | -0.14 | 0.05 | 2.09 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -0.78 | -0.8 | -1.18 | -0.33 | -3.63 | -0.89 | -3.22 | -0.16 | -0.02 | -0.05 | -0.14 | 0.05 | 1.68 |
| EPS in Rs | -0.22 | -0.22 | -0.33 | -0.09 | -1.01 | -0.25 | -0.89 | -0.04 | -0.01 | -0.01 | -0.31 | 0.11 | 3.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |

n/m: Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 4.5 | 4.5 |
| Reserves | -22.01 | -22.82 | -24.65 | -24.98 | -28.61 | -29.5 | -32.72 | -32.88 | -32.9 | -32.95 | 0.66 | 0.71 |
| Borrowings | 4.35 | 4.34 | 3.06 | 3.21 | 0 | 0 | 0 | 0 | 3.48 | 3.47 | 3.47 | 5.27 |
| Other Liabilities | 0.03 | 0.49 | 0.53 | 0.51 | 3.44 | 2.83 | 2.82 | 3.42 | 0.08 | 0.06 | 0.11 | 0.48 |
| Total Liabilities | 18.37 | 18.01 | 14.94 | 14.74 | 10.83 | 9.33 | 6.1 | 6.54 | 6.66 | 6.58 | 8.74 | 10.96 |
| Fixed Assets | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 10.81 | 10.27 | 7.46 | 7.42 | 4.1 | 3.28 | 1.42 | 0 | 0 | 0 | 0.32 | 0.91 |
| Other Assets | 7.49 | 7.67 | 7.41 | 7.25 | 6.66 | 5.98 | 4.62 | 6.48 | 6.6 | 6.52 | 8.36 | 9.99 |
| Total Assets | 18.37 | 18.01 | 14.94 | 14.74 | 10.83 | 9.33 | 6.1 | 6.54 | 6.66 | 6.58 | 8.74 | 10.96 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 11.96 | -0.62 | -0.81 | -0.13 | -0.85 | 0.09 | -1.82 | -0.65 | -0.07 | 0.03 | -1.93 | 0.49 |
| Cash from Investing Activity | -5.08 | 0.57 | 2.1 | -0.02 | 0.69 | 0.51 | -0.01 | -0.01 | -0.01 | -0.01 | -0.33 | -2.27 |
| Cash from Financing Activity | -6.86 | 0.02 | -1.28 | 0.15 | 0.18 | -0.6 | 0.01 | 0.61 | 0.08 | 0 | 2.25 | 1.8 |
| Net Cash Flow | 0.02 | -0.03 | 0 | -0.01 | 0.01 | 0 | -1.82 | -0.04 | 0 | 0.02 | -0.01 | 0.02 |
| Free Cash Flow | 11.96 | -0.62 | -0.81 | -0.13 | -0.85 | 0.09 | -1.82 | -0.65 | -0.07 | 0.03 | -1.93 | 0.49 |
| CFO/OP | -5,200 | 207 | 114 | 39 | 23 | -9 | 57 | 406 | -700 | -150 | 6,433 | 408 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Debtor Days | 318 | 2,228 | 2,532 | n/m | 968 | 667 | 4,878 | 2,464 | 724 | 1,167 | 382 | 75.58 |
| Inventory Days | 62.13 | 1,251 | — | 1,338 | 160 | 24.33 | 94.19 | 79.64 | 57.17 | 193 | 59.8 | 81.18 |
| Days Payable | 2.59 | 1,095 | — | 1,046 | 15 | 6.08 | 11.77 | 0 | 21.99 | 53.68 | 14.44 | 29.04 |
| Cash Conversion Cycle | 378 | 2,385 | 2,532 | n/m | 1,113 | 685 | 4,960 | 2,543 | 759 | 1,307 | 427 | 128 |
| Working Capital Days | -790 | -5,917 | -3,810 | n/m | -1,412 | -772 | 1,936 | 836 | 767 | 1,275 | 431 | 124 |
| ROCE % | -1.04% | -1.67% | -4.45% | -2.3% | -33.58% | -12.81% | -65.64% | -5% | 0.21% | -0.31% | -0.4% | 1.26% |

n/m: Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 44.65% | 44.74% | 44.72% | 42.15% | 41.95% | 41.74% | 41.74% | 41.85% | 41.85% | 41.87% | 41.88% | 36.93% | 36.63% | 38.89% | 39.59% | 41.23% | 39.24% | 38.74% | 38.55% | 38.48% | 38.35% | 38.31% | 42.37% |
| Others | 53.87% | 53.78% | 53.80% | 56.36% | 56.57% | 56.78% | 56.78% | 56.67% | 56.67% | 56.65% | 56.64% | 61.59% | 61.89% | 59.63% | 58.93% | 57.29% | 59.60% | 60.10% | 60.29% | 60.37% | 60.49% | 60.53% | 56.47% |
| No. of Shareholders | 4,148 | 4,153 | 4,152 | 4,227 | 4,214 | 4,201 | 3,558 | 4,174 | 4,152 | 4,137 | 4,129 | 4,101 | 4,561 | 5,643 | 7,602 | 9,646 | 7,690 | 8,786 | 8,578 | 8,398 | 8,236 | 8,088 | 7,896 |

## Documents

### Results

Latest 12 of 33.

| Date | Document |
| --- | --- |
| 22 Oct 2026 | [Half Yearly Results Ended On 30.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25c47b53-27a0-401b-9d2d-223d3d862931.pdf) |
| 18 Aug 2026 | [Outcome Of Board Meeting U/R 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66e8676f-cb40-4550-83aa-2203ae70d0d5.pdf) |
| 17 Aug 2026 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8350dc9-64cc-4bb8-bd76-e085b814b0fb.pdf) |
| 28 May 2026 | [Results - Financial Year For March 312026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=221b4f94-ab29-4195-b7d8-81f1c4dc94dd.pdf) |
| 12 Feb 2026 | [Un-Audited Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aaa15e87-bb0d-4ee0-884e-16100dce9fbd.pdf) |
| 12 Nov 2025 | [Un-Audited Financial Results For The Quarter And Half Year Ended On 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3b3ce4f-70b5-4cfb-b894-9a8914cc10e7.pdf) |
| 6 Aug 2025 | [Results- Unaudited Financial Result As On June 302025 .](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=393ff102-b3d2-40f0-bdcf-486a34381632.pdf) |
| 22 May 2025 | [Audited Financial Results For The Quarter And Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e37c8e8-bf60-4f85-918d-e241193616cc.pdf) |
| 3 Feb 2025 | [Un-Audited Financial Results For The Quarter And Nine Months Ended On December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50295cc6-f71b-49d6-977d-24569f033873.pdf) |
| 25 Oct 2024 | [Un-Audited Financial Results For The Quarter And Half Year Ended On 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad0c1ad5-04b2-4a14-82a7-e9c4de44fc92.pdf) |
| 12 Aug 2024 | [Unaudited Financial Results For The Quarter Ended On 30 June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6a35621-46de-4705-9443-890eab4895f8.pdf) |
| 30 Jul 2024 | [Revised Audited Financial Result For The Quarter And Year Ended On 31St March, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0b31ab6-00ad-4e73-9843-d565647cce0c.pdf) |

### Annual reports

Latest 12 of 16.

| Year | Report |
| --- | --- |
| FY2026 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=061d71f9-ebb7-4328-a7a3-bdfc4c534b0b.pdf) |
| FY2025 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20e2d862-2858-4ed1-ac34-05778eae95fc.pdf) |
| FY2024 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5026ffbe-bd06-4a2f-99e9-a3906b33d531.pdf) |
| FY2023 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d01e1c55-8140-4cb5-a885-b6e5a46d5994.pdf) |
| FY2022 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/74541531515_17_09_22.pdf) |
| FY2021 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/70109531515.pdf) |
| FY2020 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/65819531515_14_09_20.pdf) |
| FY2019 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/5315150319.pdf) |
| FY2018 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/5315150318.pdf) |
| FY2017 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/5315150317.pdf) |
| FY2016 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/5315150316.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/531515/5315150315.pdf) |

### Exchange filings

Latest 12 of 68.

| Date | Document | Category |
| --- | --- | --- |
| 26 Oct 2026 | [Announcement Under Regulation 30 - Business Update](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=110dcb7f-c0ea-4e89-b4b1-d4f254da868f.pdf) | General announcements |
| 22 Oct 2026 | [Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20124997-f19e-4a83-b73f-cdaab0790ddc.pdf) | Outcome |
| 17 Oct 2026 | [Board Meeting Intimation for To Consider And Approve Financial Results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=43fd706d-a9d7-42f9-933e-c1ca54af9f32.pdf) | Intimation |
| 6 Oct 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e17c95f1-4c32-4a86-a6c2-cca361cba046.pdf) | General announcements |
| 30 Sep 2026 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28371cfd-e843-4495-9463-e8aca26c2127.pdf) | Outcome |
| 30 Sep 2026 | [Annual General Meeting Voting Results Under Regulation 44(3) And Scrutinizers Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2084b8e3-7d84-4ca1-a503-f89c9df5d473.pdf) | General announcements |
| 29 Sep 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9dd0d27-5e77-402d-bb25-3aad2f73b783.pdf) | Intimation |
| 28 Sep 2026 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0bd551ce-5271-467b-ba22-48323266ec36.pdf) | Outcome |
| 18 Sep 2026 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e5812e2-d2c6-4a1f-a4b4-805fa07f07a2.pdf) | General announcements |
| 9 Sep 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7408a9fe-dd05-436e-b837-271d0b87a997.pdf) | General announcements |
| 7 Sep 2026 | [Corrigendum To The Notice Of 32Nd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f010310-1435-41c1-a0ab-15836c691ac7.pdf) | General announcements |
| 5 Sep 2026 | [Board Meeting Outcome for Outcome Of Board Meeting Of Directors Held On 05.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=141b47b5-867e-43b2-b8da-fe17bf51acd7.pdf) | Outcome |

## Frequently Asked Questions about Mahan Industries

### What does Mahan Industries Ltd do?

IIncorporated in 1995, Mahan Industries Ltd provides financing and investment services

### Where is Mahan Industries Ltd (MAHANIN) listed?

Mahan Industries Ltd trades under code 531515 on the BSE.

### Which sector does Mahan Industries Ltd belong to?

Mahan Industries Ltd is classified under the Services sector, in the Commercial Services & Supplies industry.

### What is the 52-week high and low of Mahan Industries Ltd?

Over the last 52 weeks Mahan Industries Ltd has traded between ₹8.71 and ₹52.63 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Mahan Industries Ltd?

Mahan Industries Ltd reported a return on equity of 0.96%. Its debt-to-equity ratio is 1.01.

## Company Information

IIncorporated in 1995, Mahan Industries Ltd provides financing and investment services

- **Website:** https://mahan.co.in/
- **Listed:** 11 Mar 1996
- **Face Value:** ₹10

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:21 IST.