Mehai Technology share price & results
- Jun 2026
- Jun 2026
Jaipur-registered, Kolkata-based BSE-listed company operating through a retail subsidiary, expanding via a FY2024-25 shareholder-approved object-clause amendment into electrical goods trading, solar/battery-storage manufacturing and IT/engi
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 19.0 | +108.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.8 | −5.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.2 | +57.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 5.05 | −6.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -14.52 | +33.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -5.70 | −62.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −83.1% 1Y
1Y: ₹6.22 on 24 Oct 2025 → ₹1.05. High ₹6.22 (24 Oct 2025), low ₹1 (23 Oct 2026).
- Previous close
- ₹1.02
- Market cap
- ₹104 Cr
- 52-week range
- ₹1 – ₹5.91
- One year
- −82.23%
- Price to earnings (TTM to Jun 2026)
- 13.00×
- Return on equity (TTM to Jun 2026)
- 5.05%
Overview
- Symbol
- NSE:MEHAI
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Mehai Technology Limited does
Based on the company's own presentations, annual report and earnings calls.
Mehai Technology Limited is registered in Jaipur, Rajasthan with its corporate office in Kolkata, West Bengal, and operates through a wholly-owned subsidiary, Momentous Retails Private Limited (incorporated July 2022). During FY2024-25 shareholders approved widening the company's Memorandum of Association to add: trading, distribution and dealing in electrical and electronic goods, packaging materials and agricultural products; consultancy, application development, engineering/architectural design and GIS/IT-enabled services; electrical and instrumentation engineering contracting and building-management-systems work; and design, manufacture, supply and installation of solar energy systems, Battery Energy Storage Systems (BESS) and Lithium Iron Phosphate battery packs. The company also proposed divesting its stake in another subsidiary, KBS Corporates Private Limited, during the year after the unit did not achieve expected growth.
Segments
- Retail
- Wholly-owned subsidiaries
- Momentous Retails Private Limited (since Jul-2022); KBS Corporates Private Limited (proposed for divestment, FY25)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +58% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 10 | 46 | 42 | 9 | 15 | 19 | 59 | 19 |
| Expenses | 9 | 38 | 40 | 7 | 12 | 16 | 54 | 16 |
| Operating profit | 1 | 8 | 2 | 2 | 3 | 3 | 5 | 3 |
| Operating margin | 14.7% | 17.1% | 4.1% | 20.6% | 18.1% | 15.7% | 7.8% | 14.8% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 7 | 1 | 1 | 2 | 3 | 4 | 2 |
| Tax rate | 31.0% | 27.3% | 27.9% | 28.0% | 28.3% | 27.7% | 27.8% | 28.3% |
| Net profit | 1 | 5 | 1 | 1 | 1 | 2 | 3 | 1 |
| EPS (₹ per share) | 0.01 | 0.09 | 0.01 | 0.01 | 0.04 | 0.03 | 0.04 | 0.01 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 9 | 16 | 100 | 102 |
| Expenses | 8 | 15 | 88 | 90 |
| Operating profit | 1 | 1 | 12 | 12 |
| Other income | 0 | 1 | 0 | 1 |
| Interest | 0 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 10 | 10 |
| Net profit | 1 | 1 | 7 | 7 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 20 | 31 | 38 | 75 |
| Reserves | 2 | 3 | 23 | 66 | 103 | 144 |
| Borrowings | 0 | 1 | 4 | 23 | 51 | 53 |
| Other liabilities | 1 | 2 | 1 | 3 | 15 | 12 |
| Total liabilities | 14 | 17 | 48 | 124 | 207 | 284 |
| Fixed assets | 2 | 2 | 2 | 2 | 5 | 2 |
| Capital work in progress | 0 | 4 | 9 | 19 | 19 | 19 |
| Investments | 0 | 0 | 0 | 1 | 1 | 0 |
| Other assets | 13 | 11 | 37 | 102 | 182 | 263 |
| Total assets | 14 | 17 | 48 | 124 | 207 | 284 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | 0 | 3 | -11 | 0 | 12 |
| Cash from investing | 0 | -4 | -20 | -46 | -122 |
| Cash from financing | 0 | 1 | 30 | 46 | 111 |
| Net cash flow | 0 | 1 | 0 | 0 | 1 |
| Free cash flow | 0 | -1 | -31 | -46 | -31 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 415 | 205 | 40 | 47 | 105 | 113 |
| Inventory days | 54 | 158 | 121 | 119 | 45 | 8 |
| Days payable | 70 | 75 | 64 | 10 | 0 | 7 |
| Cash conversion cycle | 399 | 288 | 98 | 156 | 150 | 114 |
| Working capital days | 397 | 370 | 138 | 41 | 97 | 278 |
| Return on capital employed | 1.0% | 3.0% | 6.0% | 5.0% | 14.0% | 7.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
AttractiveTo justify its price of ₹1, this stock must grow earnings at 2% every year for 7 years. Our analysis caps realistic growth at ~133%. At that growth it is worth ₹218 — upside of 20625%.
- Growth the price implies
- 2.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 132.6% a year
- net profit, FY23–FY26
- The gap
- -1.3 pp
- 20625% downside if it only repeats history
Ownership
Who owns it
Public hold 63.55% as of Jun 2026.
- Promoters 36.45%
- Public 63.55%
Who is on the register
Named in the Jun 2026 filing
Every holder of Mehai Technology Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 36.45% | unchanged | |
| 2.94% | unchanged | |
| 1.50% | unchanged | |
| 1.34% | unchanged | |
| 1.34% | unchanged | |
| 1.34% | unchanged | |
| 1.34% | unchanged | |
| 1.34% | unchanged | |
| 1.33% | unchanged | |
| 1.24% | unchanged | |
| 1.23% | unchanged | |
| — | off the list |
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.
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