MAHAVEER
Mahaveer Infoway financials
- Market cap
- ₹7 Cr
Quarterly results
Q4 FY24: revenue down 56.4%, net profit down 76.9% against the same quarter last year.
| Line item | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 2 +83% | 2 +111% | 2 +43% | 1 −56% |
| EBITDA | 0 | 0 | 0 | 0 | 0 +129% | 0 +28% | 0 +56% | -1 −820% |
| Net profit | 0 | 0 | 0 | -1 | 0 +400% | 0 +55% | 0 +90% | -1 −77% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +52.1% 1Y
1Y: ₹7.04 on 9 Sept 2025 → ₹10.71. High ₹17.1 (21 Jul 2026), low ₹7.04 (9 Sept 2025).
Financials, as filed
Revenue grew 32.7% a year over 2 years, FY22 to FY24. Operating margin narrowed to -8.1%.
| Year ending | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | ₹3 Cr | ₹4 Cr | ₹5 Cr |
| Operating profit | ₹1 Cr | ₹1 Cr | ₹-0 Cr |
| Operating margin | 16.9% | 13.7% | -8.1% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹0 Cr | ₹-0 Cr | ₹-0 Cr |
| Net margin | 8.4% | -7.1% | -8.5% |
| Cash from operations | ₹1 Cr | ₹1 Cr | ₹-0 Cr |
| Free cash flow | ₹1 Cr | ₹1 Cr | ₹-0 Cr |
| ROCE | 5.4% | -1.1% | -5.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹-0 Cr | ₹-0 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹-2 Cr |
| Borrowings | ₹3 Cr | ₹4 Cr | ₹3 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr |
| Other liabilities | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹3 Cr | ₹2 Cr |
| Total liabilities | ₹10 Cr | ₹9 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹7 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Other assets | ₹7 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹6 Cr |
| Total assets | ₹10 Cr | ₹9 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹7 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 2,546.
- Promoters
- 47.1%
- Public
- 52.9%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 47.1%, Public 52.9%.Dec '23: Promoters 47.1%, Public 52.9%.Mar '24: Promoters 47.1%, Public 52.9%.Jun '24: Promoters 47.1%, Public 52.9%.Sep '24: Promoters 47.1%, Public 52.9%.Dec '24: Promoters 47.1%, Public 52.9%.Mar '25: Promoters 47.1%, Public 52.9%.Jun '25: Promoters 47.1%, Public 52.9%.Sep '25: Promoters 47.1%, Public 52.9%.Dec '25: Promoters 47.1%, Public 52.9%.Mar '26: Promoters 47.1%, Public 52.9%.Jun '26: Promoters 47.1%, Public 52.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ashok Kumar Jain +2.74 pp 34.65% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mahaveer Infoway Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashok Kumar Jain | 34.65% | +2.74 pp |
| Vijay Kumar Kothari | 7.78% | unchanged |
| Niruben Jitubhai Shah | 5.43% | unchanged |
| Anitha Jain | 2.38% | unchanged |
| Rajendra Rajaram Dhole | 2.27% | unchanged |
| Vivek Shashichand Jain | 2.01% | unchanged |
| Bhansali Sweety Jeetendrakumar | 1.82% | unchanged |
| Champadevi Madanlal Bhansali | 1.82% | unchanged |
| Vijaya Ramesh Dixit | 1.82% | unchanged |
| Nirmal Kothari | 1.82% | unchanged |
| Madhusudan Rao Polineni | 1.04% | unchanged |
| Leela Devi Kothari | 0.64% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Mahaveer Infoway Limited
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