Micro Engineering & Capital Goods

Mehai Technology Ltd.

MEHAI

₹20.6

4.99% (0.98)

Market Cap

₹623 Cr.

P/E

83.21

Mehai Technology Ltd.
Overview
Financials
Benchmarking
Shareholding

Mehai Technology Ltd.

Mehai Technology Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Mehai Technology Ltd. Shareprice

Has the share price of Mehai Technology grown faster than its competition?

Mehai Technology has given lower returns compared to its competitors.
Mehai Technology has grown at ~14.96% over the last 6yrs while peers have grown at a median rate of 24.0%

Is Mehai Technology stock expensive?

Mehai Technology is not expensive.
Latest PE of Mehai Technology is 83.21, while 3 year average PE is 189.
Also latest EV/EBITDA of Mehai Technology is 49.93 while 3yr average is 90.08.

View FAQ's On Business

Growth Table

Mehai Technology Ltd.
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	667	190	74.90	34.00	37.57	15.90	23.32	—	—	—
TTM EPS CAGR	814	120	108	—	—	—	—	—	—	—
Sales CAGR	694	269	171	120	37.24	—	—	—	—	—
PAT Margin (Abs Growth)	-2.00	-0.63	2.17	4.16	2.81	1.96	-2.00	2.70	2.00	3.87
PE CAGR	-21.21	28.94	-17.18	—	—	—	—	—	—	—
CFO CAGR	-52.47	—	-18.02	—	—	—	3.42	—	20.93	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Mehai Technology Ltd.
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In Rs. Cr.	Mar'23	Mar'24	Mar'25
Assets	17.59	57.48	144
Non Current Assets	10.68	42.28	77.36
Net Block	1.75	2.15	5.71
Capital Work in Progress	3.65	13.08	19.21
Intangible Assets Under Development	—	—	—
Long Term Investments	—	—	—
Current Assets	6.70	15.01	67.11
Inventory	2.93	10.77	17.18
Accounts Receivable	0.89	2.55	34.27
Short Term Investments	—	—	—
Cash & Bank Balances	0.75	0.44	0.27
Liabilities	17.59	57.48	144
Shareholders Funds	13.46	42.60	98.16
Share Capital	10.71	19.61	31.39
Reserves	2.75	16.68	66.77
Non Current Liabilities	1.24	0.48	8.23
Secured Loans	—	0.27	—
Unsecured Loans	1.03	—	5.94
Current Liabilities	2.88	14.39	37.07
Accounts Payable	1.88	1.84	1.07
Short Term Loans	0.46	8.53	32.61

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Mehai Technology Ltd.
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In Rs. Cr.	Mar'23	Mar'24	TTM
Sales	8.76	14.91	119
Operating Expenses	7.84	12.87	106
Raw Material	7.74	13.55	28.23
Material Cost (%)	77.23	73.63	15.17
Employee Cost	0.24	0.20	1.04
Power & Fuel Cost	0.01	0.04	—
Operating Profit	0.92	2.04	13.24
Other Income	0.13	0.10	0.13
OPM (%)	10.53	13.71	11.09
Depreciation and Amortisation	0.14	0.27	0.54
Interest	0.03	0.87	2.39
Profit Before Tax	0.89	1.00	10.45
Tax	0.37	0.43	2.88
Net Profit	0.51	0.58	7.56
Number of shares(Crs)	1.07	1.07	—
Dividend Payout Ratio(%)	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

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In Rs. Cr.	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	3.27	1.55	-21.71
Profit Before Tax	0.89	1.00	10.45
Adjustments	0.17	1.12	2.90
OCF Before Working Capital	1.06	2.13	13.34
Working Capital Changes	2.50	-0.14	-33.63
Taxes Paid	-0.29	-0.44	-1.43
Cash from Investing Activity	-4.00	-36.92	-34.53
Net Fixed Assets Purchased	-4.00	-36.92	-34.57
Fixed Assets Purchased	-4.00	-36.92	-34.57
Fixed Assets Sold	—	—	—
Investment Purchased	—	—	—
Investment Sold	—	—	—
Interest Recieved	—	0.00	0.04
Dividends Recieved	—	—	—
Subsidiary Investments	—	—	—
Cash from Financing Activity	1.39	35.06	55.94
Proceeds From Shares	—	22.25	—
Net Long Term Borrowings	0.96	-0.76	5.67
Proceeds From Borrowings	0.96	—	5.67
Repayment From Borrowings	—	-0.76	—
Interest Paid	-0.03	-0.87	-2.39
Dividend Paid	—	—	—
Net Cash Flow	0.65	-0.31	-0.31
Opening Cash & Cash Equivalents	0.10	0.75	0.44
Effect of FX	—	—	—
Closing Cash & Cash Equivalents	0.75	0.44	0.13
Net Capex (est)	4.00	36.92	34.57
Free Cash Flow (est)	-0.74	-35.37	-56.29

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

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	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.31	0.29
Liquid Assets (Crs)	3.77	4.24
Current Liabilities (Crs)	2.88	14.39
Current Ratio	2.32	1.04
Current Assets (Crs)	6.70	15.01
Current Liabilities (Crs)	2.88	14.39
Interest Coverage Ratio	28.86	2.15
EBIT (Crs)	0.92	1.88
Interest Expenses (Crs)	0.03	0.87
Fixed Asset Turnover	3.27	4.46
Net Sales (Crs)	8.76	14.91
Fixed Assets (Crs)	2.68	3.34
Cash Conversion Cycle	57.69	148
Inventory Days	122	168
Days Receivable	37.00	42.10
Days Payable	101	61.89
Debt to Equity Ratio	0.11	0.21
Total Debt (Crs)	1.49	8.85
Shareholders Equity (Crs)	13.46	42.60
Free Cash Flow/Sales (%)	-8.40	-237
Free Cash Flow(est) (Crs)	-0.74	-35.37
Net Sales (Crs)	8.76	14.91
Profitability Ratios
Gross Margin (%)	22.77	26.37
Op Profit Margin (%)	10.53	13.71
Operating Profit (Crs)	1.06	2.14
Net Sales (Crs)	8.76	14.91
Net Profit Margin (%)	5.87	3.87
Net Profit (Crs)	0.51	0.58
Net Sales (Crs)	8.76	14.91
ROCE (%)	6.24	4.35
EBIT (Crs)	0.92	1.88
Capital Employed (Crs)	14.70	43.09
Return on Assets (%)	2.92	1.00
Net Profit (Crs)	0.51	0.58
Total Assets (Crs)	17.59	57.48
ROIC (%)	5.36	6.52
Op Profit after Taxes (Crs)	0.46	1.02
Invested Capital (Crs)	8.49	15.67
ROE (%)	3.82	1.35
Net Profit Margin (%)	5.87	3.87
Asset Turnover ratio	0.50	0.26
Equity Multiplier	1.31	1.35
Adjusted EPS	0.05	0.03
Valuation Ratios
P/E	37.39	66.52
Price to Book	1.43	1.06
EV/EBITDA	18.93	21.82
Dividend Yield (%)	0.00	0.00

Quarterly Results

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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	2.64	4.51	2.00	3.81	4.84	4.38	1.99	10.17	55.08	52.23
Operating Expenses	2.48	3.83	1.88	3.41	4.53	3.58	1.35	8.73	46.39	49.75
Increase/Decrease in Stock	-0.63	1.03	-0.80	-1.73	-0.03	0.11	-1.53	-2.49	-8.53	2.44
Raw Material	0.00	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.23
Employee Cost	0.07	0.09	0.04	0.03	0.10	0.03	0.05	0.05	0.32	0.61
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	0.16	0.68	0.12	0.40	0.31	0.80	0.65	1.43	8.68	2.48
Other Income	0.02	0.02	0.26	0.09	0.13	0.04	0.03	0.04	0.03	0.04
Interest	0.01	0.02	0.11	0.15	0.30	0.31	0.38	0.24	0.90	0.87
PBDT	0.17	0.69	0.27	0.34	0.14	0.53	0.29	1.23	7.81	1.66
Depreciation and Amortization	0.03	0.04	0.04	0.05	0.06	0.11	0.07	0.07	0.14	0.25
Profit Before Tax	0.13	0.65	0.23	0.28	0.08	0.42	0.21	1.16	7.67	1.41
Tax	0.03	0.31	0.08	0.05	0.08	0.21	0.06	0.35	2.08	0.39
Profit After Tax	0.10	0.34	0.15	0.23	-0.01	0.21	0.16	0.80	5.59	1.01
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.10	0.34	0.15	0.23	0.11	0.09	0.15	0.80	5.46	1.07
Quarterly Ratios
EPS	0.01	0.03	0.01	0.02	0.01	0.00	0.01	0.03	0.18	0.03
Operating Profit Margin	5.98	15.13	6.08	10.50	6.44	18.30	32.43	14.10	15.76	4.75
Net Profit Margin	3.67	7.54	7.38	6.06	-0.12	4.72	7.83	7.90	10.15	1.94

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

74.20%

Implied Growth Rate over a 5 year period*

28.00%

Implied Growth Rate over a 10 year period*

13.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on Mehai Technology Ltd. Financials

How strong is Mehai Technology balance sheet?

Balance sheet of Mehai Technology is strong.
But short term working capital might become an issue for this company.

Is the debt of Mehai Technology increasing or decreasing?

Yes, The net debt of Mehai Technology is increasing.
Latest net debt of Mehai Technology is ₹38.28 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹8 Crs.

Is the profitablity of Mehai Technology improving?

Yes, profit is increasing.
The profit of Mehai Technology is ₹7.56 Crs for TTM, ₹0.58 Crs for Mar 2024 and ₹0.51 Crs for Mar 2023.

Does Mehai Technology pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mehai Technology latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Mehai Technology allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Mehai Technology Ltd.

Mehai Technology Ltd.

Has the share price of Mehai Technology grown faster than its competition?

Is Mehai Technology stock expensive?

How strong is Mehai Technology balance sheet?

Is the debt of Mehai Technology increasing or decreasing?

Is the profitablity of Mehai Technology improving?

Does Mehai Technology pay decent dividends?

How has Mehai Technology allocated its funds?

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