Mahaveer Infoway
Information Technology
539383 BSE
₹9.30
Close ·
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹9.30 −4.25 −31.4% 1Y
Start ₹13.55
Key Fundamentals
MicrocapIT - SoftwareInformation TechnologyPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 13.60%
- Debt to Equity
- 0.29
- EPS (TTM)
- ₹0.73
- Book Value
- ₹8.48
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 1.10
- ROE
- 14.70%
- Dividend Yield
- 0.00%
- EBITDA
- −₹10.00 L
- 52W High
- ₹17.95
- 52W Low
- ₹7.30
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
43 Weak
Data confidence 95/100
Category scores
- Quality
- 31
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 52
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 18
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 29
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 46
- Average
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has reduced debt.
- Debtor days have improved from 50.0 to 15.4 days.
Weaknesses
3- Company has a low return on equity of 2.64% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 317 days to 477 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 3 | 4 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
3
Bullish
4
Overall
Strong Bearish
Bearish
12
Neutral
3
Bullish
4
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 32.31
- Neutral
- MACD (12,26,9)
- −0.33
- Bearish
- SMA (50)
- 10.85
- Bearish
- SMA (200)
- 10.87
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −20.48% |
|---|---|
| 5Y | +16.05% |
| 3Y | −14.05% |
| 1Y | −4.40% |
| TTM | −30.08% |
Net profit
| 10Y | +26.71% |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | +700.00% |
| TTM | +173.33% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹0.09 Cr |
| 3Y | Turned negative |
| 1Y | Outflow widened by ₹0.43 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +7.18 pp |
|---|---|
| 5Y | −6.44 pp |
| 3Y | −21.19 pp |
| 1Y | −13.18 pp |
| TTM | −36.92 pp |
Revenue by year
| Mar 2017 | ₹11.04 Cr |
|---|---|
| Mar 2018 | ₹2.28 Cr |
| Mar 2019 | ₹1.68 Cr |
| Mar 2020 | ₹2.20 Cr |
| Mar 2021 | ₹1.24 Cr |
| Mar 2022 | ₹3.04 Cr |
| Mar 2023 | ₹4.11 Cr |
| Mar 2024 | ₹5.41 Cr |
| Mar 2025 | ₹2.73 Cr |
| Mar 2026 | ₹2.61 Cr |
Net profit by year
| Mar 2017 | −₹0.42 Cr |
|---|---|
| Mar 2018 | −₹0.57 Cr |
| Mar 2019 | −₹0.65 Cr |
| Mar 2020 | −₹0.48 Cr |
| Mar 2021 | −₹0.47 Cr |
| Mar 2022 | ₹0.21 Cr |
| Mar 2023 | −₹0.31 Cr |
| Mar 2024 | −₹0.39 Cr |
| Mar 2025 | ₹0.08 Cr |
| Mar 2026 | ₹0.64 Cr |
Quarterly Results
₹ Cr| Particulars | 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 | 1.57 | 1.67 | 1.6 | 0.58 | 0.83 | 1.02 | 0.64 | 0.25 | 0.75 | 0.67 | 0.68 | 0.51 | 0 |
| Expenses | 1.41 | 1.44 | 1.35 | 1.66 | 0.75 | 0.8 | 0.46 | 0.6 | 0.59 | 0.61 | 0.6 | 1.02 | 0.17 |
| Operating Profit | 0.16 | 0.23 | 0.25 | −1.08 | 0.08 | 0.22 | 0.18 | −0.35 | 0.16 | 0.06 | 0.08 | −0.51 | −0.17 |
| OPM % | 10.19% | 13.77% | 15.62% | −186.21% | 9.64% | 21.57% | 28.12% | −140% | 21.33% | 8.96% | 11.76% | −100% | — |
| Other Income | 0 | 0 | 0 | 0.29 | 0 | 0 | 0 | 0.28 | 0 | 0 | 0 | 1.23 | 0.07 |
| Interest | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0 | 0 | −0.01 | 0 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| PBT | 0.11 | 0.18 | 0.2 | −0.86 | 0.02 | 0.16 | 0.12 | −0.13 | 0.1 | 0.03 | 0.05 | 0.7 | −0.13 |
| Tax % | 0% | 0% | 0% | 1.16% | 0% | 0% | 0% | 76.92% | 0% | 0% | 0% | 34.29% | 0% |
| Net Profit | 0.1 | 0.17 | 0.19 | −0.86 | 0.02 | 0.16 | 0.13 | −0.24 | 0.1 | 0.03 | 0.05 | 0.46 | −0.13 |
| EPS (₹) | 0.18 | 0.31 | 0.34 | −1.56 | 0.04 | 0.29 | 0.24 | −0.44 | 0.18 | 0.05 | 0.09 | 0.83 | −0.24 |
Profit & Loss
₹ Cr| Particulars | 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 | 55.96 | 25.81 | 11.04 | 2.28 | 1.68 | 2.2 | 1.24 | 3.04 | 4.11 | 5.41 | 2.73 | 2.61 | 1.86 |
| Expenses | 61.21 | 29.74 | 14.39 | 2.43 | 2.29 | 2.35 | 1.26 | 2.58 | 3.57 | 5.85 | 2.59 | 2.82 | 2.4 |
| Operating Profit | −5.25 | −3.93 | −3.35 | −0.15 | −0.61 | −0.15 | −0.02 | 0.46 | 0.54 | −0.44 | 0.14 | −0.21 | −0.54 |
| OPM % | −9.38% | −15.23% | −30.34% | −6.58% | −36.31% | −6.82% | −1.61% | 15.13% | 13.14% | −8.13% | 5.13% | −8.05% | −29.03% |
| Other Income | 6.31 | 4.67 | 3.63 | 0.18 | 0.42 | 0 | −0.14 | 0 | −0.55 | 0.29 | 0.28 | 1.23 | 1.3 |
| Interest | 0.69 | 0.61 | 0.64 | 0.49 | 0.36 | 0.32 | 0.23 | 0.16 | 0.16 | 0.13 | 0.13 | 0.03 | −0.01 |
| Depreciation | 0.09 | 0.08 | 0.06 | 0.1 | 0.09 | 0.09 | 0.07 | 0.07 | 0.06 | 0.11 | 0.12 | 0.12 | 0.12 |
| PBT | 0.28 | 0.05 | −0.42 | −0.56 | −0.64 | −0.56 | −0.46 | 0.23 | −0.23 | −0.39 | 0.17 | 0.87 | 0.65 |
| Tax % | 39.29% | −20% | 2.38% | 1.79% | 1.56% | −12.5% | 2.17% | 13.04% | 34.78% | 2.56% | 58.82% | 27.59% | — |
| Net Profit | 0.17 | 0.06 | −0.42 | −0.57 | −0.65 | −0.48 | −0.47 | 0.21 | −0.31 | −0.39 | 0.08 | 0.64 | 0.41 |
| EPS (₹) | 0.31 | 0.11 | −0.76 | −1.03 | −1.18 | −0.87 | −0.85 | 0.38 | −0.56 | −0.71 | 0.15 | 1.16 | 0.73 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 | 5.51 |
| Reserves | 1.46 | 1.52 | 1.1 | 0.54 | −0.11 | −0.59 | −1.06 | −0.85 | −1.17 | −1.56 | −1.48 | −0.84 |
| Borrowings | 5.8 | 5.87 | 5.52 | 4 | 3.36 | 3.63 | 2.93 | 1.98 | 1.35 | 1.72 | 3.13 | 1.37 |
| Other Liabilities | 2.65 | 0.56 | 2.26 | 0.76 | 0.97 | 0.27 | 0.36 | 1.59 | 2.99 | 1.78 | 0.19 | 0.47 |
| Total Liabilities | 15.42 | 13.46 | 14.39 | 10.81 | 9.73 | 8.82 | 7.74 | 8.23 | 8.68 | 7.45 | 7.35 | 6.51 |
| Fixed Assets | 0.35 | 0.31 | 0.25 | 1.3 | 1.36 | 1.33 | 1.34 | 1.29 | 1.2 | 1.28 | 1.16 | 1.04 |
| CWIP | 1.42 | 1.14 | 1.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.75 | 2.03 | 2.03 | 2.39 | 1.78 | 1.78 | 1.07 | 1.07 | 0.58 | 0.32 | 0.32 | 0.05 |
| Other Assets | 11.9 | 9.98 | 10.97 | 7.12 | 6.59 | 5.71 | 5.33 | 5.87 | 6.9 | 5.85 | 5.87 | 5.42 |
| Total Assets | 15.42 | 13.46 | 14.39 | 10.81 | 9.73 | 8.82 | 7.74 | 8.23 | 8.68 | 7.45 | 7.35 | 6.51 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1.36 | 0.77 | 0.25 | 1.95 | 0 | 0.31 | −0.44 | 1.12 | 0.7 | −0.28 | −0.1 | −0.53 |
| Investing | −0.77 | 0 | 0.12 | −0.36 | 0.55 | 0 | 0.72 | −0.02 | 0.5 | 0.34 | 0.28 | 0.56 |
| Financing | −0.24 | −0.53 | −0.95 | −1.99 | −0.58 | −0.29 | −0.28 | −1.09 | −0.74 | −0.57 | −0.13 | −0.03 |
| Net Cash Flow | 0.36 | 0.24 | −0.58 | −0.4 | −0.03 | 0.02 | 0 | 0.01 | 0.46 | −0.51 | 0.05 | 0 |
| Free Cash Flow | 0.49 | 1.02 | 0.25 | 1.94 | −0.17 | 0.31 | −0.44 | 1.1 | 0.7 | −0.46 | −0.1 | −0.53 |
| CFO/OP | −26 | −20 | −7 | −1,300 | 0 | −207 | 2,200 | 243 | 148 | 52 | −14 | 129 |
Ratios
| Particulars | 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 | 37.37 | 43.98 | 106 | 325 | 469 | 284 | 424 | 161 | 92.36 | 31.71 | 103 | 15.38 |
| Inventory Days | 16.93 | 36.49 | 129 | 426 | 335 | 399 | 601 | 369 | 305 | 116 | 365 | 626 |
| Days Payable | 11.71 | 4.1 | 63.29 | 79.08 | 67.79 | 38.65 | 80.75 | 0 | 15.73 | 22.61 | 10.14 | 17.38 |
| Cash Conversion Cycle | 42.59 | 76.36 | 172 | 672 | 737 | 644 | 944 | 530 | 382 | 125 | 458 | 624 |
| Working Capital Days | 18.78 | 36.91 | 90.26 | 368 | 476 | 284 | 571 | 262 | 175 | 150 | 322 | 477 |
| ROCE % | 7.76% | 5.14% | 1.76% | −0.63% | −2.98% | −2.77% | −1% | 5.56% | 9.25% | −4.58% | 4.68% | 13.64% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mahaveer Infoway insights
60 extracted metrics across FY11–FY27.
Documents
- General announcements 13 Oct 2026
Frequently Asked Questions about Mahaveer Infoway
What does Mahaveer Infoway Ltd do?
Incorporated in 1991, Mahaveer Infoway Ltd is in the business of HR and software development services
Where is Mahaveer Infoway Ltd (MAHAVEER) listed?
Mahaveer Infoway Ltd trades under code 539383 on the BSE.
Which sector does Mahaveer Infoway Ltd belong to?
Mahaveer Infoway Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the 52-week high and low of Mahaveer Infoway Ltd?
Over the last 52 weeks Mahaveer Infoway Ltd has traded between ₹7.3 and ₹17.95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Mahaveer Infoway Ltd?
Mahaveer Infoway Ltd reported a return on equity of 14.70%. Its debt-to-equity ratio is 0.29.
Company Information
Incorporated in 1991, Mahaveer Infoway Ltd is in the business of HR and software development services
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