MD
Mahesh Developers
Realty
542677 BSE
₹21.50
Close ·
- P/E
- 69.35
Close 4 Nov 2026 ₹21.50 −20.57 −48.9% since 22 Jul 2026
Start ₹42.07
Key Fundamentals
MicrocapRealtyConsumer DiscretionaryPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 1.24%
- Debt to Equity
- 2.85
- EPS (TTM)
- ₹0.31
- Book Value
- ₹9.87
- Market Cap
- —
- P/E (TTM)
- 69.35
- P/B
- 2.18
- ROE
- 3.48%
- Dividend Yield
- 0.00%
- EBITDA
- ₹19.00 L
- 52W High
- ₹46.49
- 52W Low
- ₹12.00
Key Insights
No strengths listed
Weaknesses
2- Company has a low return on equity of 1.60% over last 3 years.
- Company might be capitalizing the interest cost
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 4 | 6 | 9 |
| Oscillators | Bearish | 4 | 2 | 3 |
| Moving Averages | Strong Bullish | 0 | 4 | 6 |
Oscillators
Bearish
Bearish
4
Neutral
2
Bullish
3
Overall
Bullish
Bearish
4
Neutral
6
Bullish
9
Moving Averages
Strong Bullish
Bearish
0
Neutral
4
Bullish
6
Key readings
- RSI (14)
- 69.80
- Neutral
- MACD (12,26,9)
- 0.83
- Bullish
- SMA (50)
- 16.54
- Bullish
- SMA (200)
- —
- Neutral
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 | Zero base |
|---|---|
| 5Y | Zero base |
| 3Y | Zero base |
| 1Y | Zero base |
| TTM | Zero base |
Net profit
| 10Y | +21.48% |
|---|---|
| 5Y | Turned to profit |
| 3Y | +25.99% |
| 1Y | +600.00% |
| TTM | +62.50% |
Operating cash flow
| 10Y | Outflow narrowed by ₹25.12 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | No sales |
|---|---|
| 5Y | No sales |
| 3Y | No sales |
| 1Y | No sales |
| TTM | No sales |
Revenue by year
| Mar 2017 | ₹24.70 Cr |
|---|---|
| Mar 2018 | ₹17.08 Cr |
| Mar 2019 | ₹0.31 Cr |
| Mar 2020 | ₹0.96 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹0.00 Cr |
| Mar 2023 | ₹0.00 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | ₹0.00 Cr |
| Mar 2026 | ₹0.00 Cr |
Net profit by year
| Mar 2017 | −₹0.04 Cr |
|---|---|
| Mar 2018 | ₹0.88 Cr |
| Mar 2019 | ₹0.01 Cr |
| Mar 2020 | ₹0.11 Cr |
| Mar 2021 | −₹0.14 Cr |
| Mar 2022 | ₹0.07 Cr |
| Mar 2023 | ₹0.07 Cr |
| Mar 2024 | ₹0.03 Cr |
| Mar 2025 | ₹0.02 Cr |
| Mar 2026 | ₹0.14 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.8 | 0.18 | 0.02 | −0.16 | 0.04 | −0.01 | −0.01 | −0.06 | −0.02 | −0.03 | −0.03 | −0.11 | −0.01 |
| Operating Profit | −0.8 | −0.18 | −0.02 | 0.16 | −0.04 | 0.01 | 0.01 | 0.06 | 0.02 | 0.03 | 0.03 | 0.11 | 0.01 |
| Other Income | 0.85 | 0.22 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0.22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.05 | 0.04 | −0.02 | −0.04 | −0.04 | 0.01 | 0.01 | 0.06 | 0.02 | 0.03 | 0.03 | 0.11 | 0.01 |
| Tax % | 20% | 25% | 0% | −25% | 0% | 0% | 0% | 16.67% | 50% | 33.33% | 33.33% | 27.27% | 0% |
| Net Profit | 0.04 | 0.03 | −0.01 | −0.04 | −0.04 | 0.01 | 0 | 0.05 | 0.02 | 0.02 | 0.02 | 0.08 | 0.01 |
| EPS (₹) | 0.1 | 0.07 | −0.02 | −0.1 | −0.1 | 0.02 | 0 | 0.12 | 0.05 | 0.05 | 0.05 | 0.19 | 0.02 |
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 | 0 | 0 | 24.7 | 17.08 | 0.31 | 0.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.14 | −2.51 | 23.31 | 15.29 | 0 | 0.41 | 0.15 | −0.47 | −0.49 | −0.23 | −0.03 | −0.19 | −0.18 |
| Operating Profit | −0.14 | 2.51 | 1.39 | 1.79 | 0.31 | 0.55 | −0.15 | 0.47 | 0.49 | 0.23 | 0.03 | 0.19 | 0.18 |
| OPM % | — | — | 5.63% | 10.48% | 100% | 57.29% | — | — | — | — | — | — | — |
| Other Income | 0.21 | 0.04 | 0.47 | 0.86 | 0.23 | 0.05 | 0.01 | 0.01 | 0 | 0.02 | 0 | 0 | 0 |
| Interest | 0 | 2.48 | 1.89 | 1.35 | 0.51 | 0.44 | 0 | 0.39 | 0.4 | 0.22 | 0 | 0 | 0 |
| Depreciation | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.04 | 0.04 | −0.05 | 1.28 | 0.02 | 0.16 | −0.14 | 0.09 | 0.09 | 0.03 | 0.03 | 0.19 | 0.18 |
| Tax % | 50% | 50% | 0% | 31.25% | 0% | 31.25% | 0% | 22.22% | 22.22% | 0% | 33.33% | 26.32% | — |
| Net Profit | 0.03 | 0.02 | −0.04 | 0.88 | 0.01 | 0.11 | −0.14 | 0.07 | 0.07 | 0.03 | 0.02 | 0.14 | 0.13 |
| EPS (₹) | 2.5 | 1.67 | −0.13 | 2.93 | 0.02 | 0.26 | −0.34 | 0.17 | 0.17 | 0.07 | 0.05 | 0.34 | 0.31 |
| 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 | 0.12 | 0.12 | 3 | 3 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 |
| Reserves | 0.23 | 0.26 | 0.21 | 1.1 | 1.11 | 1.22 | 1.09 | 1.53 | −0.25 | −0.22 | −0.2 | −0.06 |
| Borrowings | 16.44 | 42.15 | 33.11 | 18.8 | 17.01 | 16.8 | 17.18 | 15.67 | 7.34 | 10.58 | 10.85 | 11.65 |
| Other Liabilities | 2.85 | 6.49 | 3.14 | 1.85 | 1.65 | 1.73 | 4.15 | 11.44 | 27.96 | 29.86 | 32.58 | 33.13 |
| Total Liabilities | 19.64 | 49.02 | 39.46 | 24.75 | 23.92 | 23.9 | 26.57 | 32.79 | 39.2 | 44.37 | 47.38 | 48.87 |
| Fixed Assets | 2.17 | 2.21 | 2.19 | 0.04 | 3.9 | 4.03 | 4.03 | 3.08 | 3.2 | 3.19 | 3.19 | 3.19 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 13.49 | 15.59 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 4.29 | 4.54 | 5.94 | 3.89 | 0 | 0 | 0 | 0 | 6.52 | 7.7 | 0 |
| Other Assets | 17.47 | 42.52 | 32.73 | 18.77 | 16.13 | 6.38 | 6.95 | 29.71 | 36 | 34.66 | 36.49 | 45.68 |
| Total Assets | 19.64 | 49.02 | 39.46 | 24.75 | 23.92 | 23.9 | 26.57 | 32.79 | 39.2 | 44.37 | 47.38 | 48.87 |
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 | 0 | −25.79 | 6.28 | 11.98 | 1.15 | −0.32 | 0.36 | 1.28 | 8.28 | 0.4 | 0.94 | −0.67 |
| Investing | 0 | −0.07 | 0 | 2.13 | 0.03 | 0.6 | −0.41 | 0.23 | 0.23 | −3.67 | −1.18 | −0.1 |
| Financing | 0 | 25.71 | −6.17 | −14.3 | −1.01 | −0.22 | 0.39 | −1.51 | −8.33 | 3.24 | 0.27 | 0.8 |
| Net Cash Flow | 0 | −0.14 | 0.11 | −0.19 | 0.17 | 0.06 | 0.34 | 0 | 0.18 | −0.03 | 0.02 | 0.02 |
| Free Cash Flow | 0 | −25.86 | 6.28 | 14.11 | −0.87 | −0.44 | 0.36 | 1.17 | 8.16 | 0.4 | 0.94 | −0.67 |
| CFO/EBITDA | 0 | −1,027 | 452 | 692 | 371 | −51 | −240 | 268 | 1,694 | 174 | 3,167 | −326 |
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 | — | — | 51.72 | 8.33 | 600 | 179 | — | — | — | — | — | — |
| Inventory Days | — | — | 365 | 238 | — | 0 | — | — | — | — | — | — |
| Days Payable | — | — | 0 | 0 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | — | — | 417 | 247 | 600 | 179 | — | — | — | — | — | — |
| Working Capital Days | — | — | 121 | −47.44 | 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. | 422 | — | — | — | — | — | — |
| ROCE % | 0.31% | 8.5% | 4.67% | 5.98% | 2.35% | 2.7% | −0.63% | 2.19% | 3.01% | 1.94% | 0.2% | 1.24% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mahesh Developers insights
54 extracted metrics across FY15–FY27.
Documents
- 30 Oct 2026
- 14 Aug 2026
- 30 May 2026
- 13 Apr 2026
- 1 Apr 2026
- Intimation 23 Oct 2026
- General announcements 19 Oct 2026
Frequently Asked Questions about Mahesh Developers
What does Mahesh Developers Ltd do?
Incorporated in 2008, Mahesh Developers Ltd is in the business of Civil Construction and Real Estate Development
Where is Mahesh Developers Ltd (MAHESH) listed?
Mahesh Developers Ltd trades under code 542677 on the BSE.
Which sector does Mahesh Developers Ltd belong to?
Mahesh Developers Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Mahesh Developers Ltd?
Mahesh Developers Ltd trades at a PE ratio of 69.35 as of 4 Nov 2026, on earnings per share of ₹0.31, against a book value of ₹9.87 per share.
What is the 52-week high and low of Mahesh Developers Ltd?
Over the last 52 weeks Mahesh Developers Ltd has traded between ₹12 and ₹46.49 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Mahesh Developers Ltd?
Mahesh Developers Ltd reported a return on equity of 3.48%. Its debt-to-equity ratio is 2.85.
Company Information
Incorporated in 2008, Mahesh Developers Ltd is in the business of Civil Construction and Real Estate Development
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