Mahavir Industries share price

BSE: 531648Non - Ferrous Metals

Mahavir Industries Limited · Face value ₹5 · Listed May 1996

Trading suspended since 28 Feb 2023

Last traded ₹0.91 on 27 Feb 2023

Latest announcements

Routine notices left out.

Share price history

Daily closes since Sep 2011, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the quarter to Mar 2023

Consolidated: the company and its subsidiaries together. ₹ crore.

Revenue
₹0.00 Cr
Operating profit
−₹0.05 Cr
Net profit
−₹0.05 Cr
Earnings per share
−₹0.10

From revenue to net profit, ₹ crore

  1. Revenue0.0
  2. Employee costs0.0
  3. Other expenses0.0
  4. Operating profit0.0
  5. Depreciation0.0
  6. Other income0.0
  7. Finance costs0.0
  8. Profit before tax0.0
  9. Tax0.0
  10. Net profit0.0

Mahavir Industries results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Mar 2023. Results for the quarter to Jun 2023 were due by 14 Aug 2023, 45 days after it ends. Every company's dates are on the results calendar.

₹ croreMar 2023
Revenue from operations0.00
0.05
Materials and goods bought0.00
Employee costs0.00
Other expenses0.05
Operating profit before depreciation−0.05
Depreciation and amortisation0.00
Other income0.00
Finance costs0.00
One-off items0.00
Profit before tax−0.05
Tax0.00
Net profit−0.05
Earnings per share−₹0.10
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
230.0Mar 12430.0Mar 134.50.0Mar 140.10.0Mar 150.0Mar 160.1−0.1Mar 17−2.1−2.4Mar 180−1.11Mar 190.10.01.0Mar 200.10.00.2Mar 21
Peak revenue ₹43 Cr, year to Mar 2013; lowest −₹2.10 Cr, year to Mar 2018Back to profit in the year to Mar 2021, ₹0.00 Cr

Operating and net margin, per cent

  • Operating margin
  • Net margin
112.0%−188.9%−39.0%−67.1%0.0%0.0%−1.0%1.1%−188.9%112.0%−3.6%0.2%Mar 12Mar 14Mar 16Mar 18Mar 20Mar 21

Results for the year to Mar 2021

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue0.1
  2. Employee costs−0.1
  3. Other expenses−0.1
  4. Operating profit−0.1
  5. Depreciation0.0
  6. Other income+0.1
  7. One-off items0.0
  8. Finance costs0.0
  9. Profit before tax0.0
  10. Tax0.0
  11. Net profit0.0

What the company owns

  • Receivables₹0 Cr
  • Plant, investments and other assets₹0 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Borrowings₹0 Cr
  • Net worth₹0 Cr
  • Other liabilities₹0 Cr

Profit and loss

Standalone, ₹ crore, years to March.

₹ croreMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue from operations23.243.44.50.1–0.1−2.10.00.10.1
–––––––0.10.10.2
Materials and goods bought21.243.24.50.1–––0.00.00.0
Employee costs–––––––0.10.10.1
Other expenses–––––––0.10.10.1
Operating profit before depreciation–––––––−0.10.0−0.1
Operating margin––––––––−39.0%−67.1%
Materials, % of revenue––––––––0.0%0.0%
Employee costs, % of revenue––––––––51.8%75.2%
Other expenses, % of revenue––––––––87.2%91.9%
Depreciation and amortisation–––––––0.00.00.0
Operating profit after depreciation–––––––−0.10.0−0.1
Other income–––0.10.10.1−2.1−1.10.00.1
Finance costs–––––0.00.1−0.10.00.0
One-off items–––––––0.00.00.0
Profit before tax0.00.00.00.00.0−0.1−2.4−1.10.00.0
Tax0.00.0–0.0–––0.00.00.0
Net profit0.00.00.00.00.0−0.1−2.4−1.10.00.0
Net margin0.0%0.0%−1.0%1.1%–−188.9%112.0%–−3.6%0.2%
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2012, Mar 2013, Mar 2014 and Mar 2015: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2016: the statement does not state its revenue, finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2017 and Mar 2018: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Earlier years, Mar 2008 to Mar 2011
₹ croreMar 2008Mar 2009Mar 2010Mar 2011
Profit before tax−0.01−0.01−0.01−0.02
Net profit−0.01−0.01−0.01−0.02
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021
0.00.00.0
Share capital10.00.00.0
Reserves−10.00.00.0
1.01.00.2
0.01.00.0
Liabilities due after a year1.00.00.2
Total assets1.01.00.2
Assets held for longer than a year0.00.00.0
1.01.00.2
Net debt1.00.90.1
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021
0.03
0.03
Receivables0.05
Other working capital−0.02
Capital spending0.00
Free cash flow0.03
Cash from investing0.78
Cash from financing−0.80
Dividends paid0.00
Shares bought back0.00
Shares issued0.00
Net change in cash0.01
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
₹0.01–₹0.00–−₹0.10−₹2.35−₹1.12₹0.00₹0.00
As stated that year₹0.01–₹0.00–−₹0.10−₹2.35−₹1.12₹0.00₹0.00
₹0.01–––−₹0.10−₹2.35−₹1.12₹0.00₹0.00
Market cap at the year end (₹ crore)3.8–10.5––––––
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

RatioMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue growth87.2%−89.5%−98.0%–––––−10.0%
Net profit growth−42.9%––––––––
–––––––−78.3%7.0%
––––––––85.3 pts
From the net margin––––––––83.2 pts
From asset turnover––––––––2.8 pts
From borrowing––––––––−0.7 pts
Return on capital employed––––––−13.9%−4.1%−39.5%
Cash conversion––––––––13,630.0%
Debt to equity––––––155.04346.7250.00
Receivable days–––––––493345
Working capital days–––––––3,454565
Asset turnover––––––0.000.100.16
Assets per rupee of net worth––––––156.91215.83196.33
Interest cover is left blank for the year to Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2021.

Return on assets, latest year
0.0%
Measure5 years3 years
Return on equity, average–−35.7%
Return on capital employed, average–−19.2%
Operating margin, average–−53.1%
Net margin, average−20.1%−1.7%
Asset turnover, average–0.09
Debt to equity, average–183.92

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2021.

₹ croreLatest year
Cash from operations0.03
Cash from investing0.78
Cash from financing−0.80
Capital spending0.00
Dividends paid0.00
Shares bought back0.00
Shares issued for cash0.00
Borrowings raised0.00
Borrowings repaid0.80

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Piotroski score, out of 9Published threshold 3 points out of 9–––––––––5
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–––––––––−143.23
Receivables growth less revenue growthOur threshold 0 percentage points–––––––––−27.04
Other current assets growth less revenue growthOur threshold 5 per cent of revenue––––––––0.007.56
Effective tax ratePublished threshold 17.16 per cent30.0063.64–50.00–––––0.00
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2023 the company reports one business segment, IT, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2021, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+33.3%––0.0%
3 years−13.2%––0.0%
5 years−38.1%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Mahavir Industries share price by year

Each calendar year to 2023.

YearClose at year endChangeHighest closeLowest close
20230.91−16.5%1.210.91
20221.09−50.0%4.220.90
20212.18+263.3%2.180.55
20200.60+5.3%0.880.35
20190.57−51.7%1.160.57
20181.18−54.6%2.550.56
20172.60−34.3%8.752.60
20163.96−13.7%7.953.58
20154.59−12.2%10.034.28
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2023 close is its last trade, on 27 Feb 2023.

Recent sessions

The 10 trading days to 27 Feb 2023, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
27 Feb 20230.910.910.910.910.9113,679
20 Feb 20230.950.950.950.950.9519,584
13 Feb 20231.091.091.001.001.0133,226
6 Feb 20231.051.151.051.051.081,07,608
30 Jan 20231.191.191.101.101.1024,977
23 Jan 20231.271.271.151.151.2172,290
16 Jan 20231.221.221.171.211.2138,699
9 Jan 20231.121.171.071.171.121,39,487
2 Jan 20231.051.141.041.121.1085,139
26 Dec 20221.091.161.061.091.0969,698
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
2 Nov 2015Split0.5000Each share became 2.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

BSE code
531648
ISIN
INE987M01023
Industry
Non - Ferrous Metals
CIN
L31300MH1989PLC250547
Corporate identity number, the registrar of companies' code for it
Incorporated
1989
Registered office
TO- D 44 / 253, AAMANTRAN CHS Ground Floor Sector 2, Charkop Kandivali (W), Mumbai 400067, Maharashtra
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments