MKEXIM
M. K. Exim (India) financials
- Market cap
- ₹262 Cr
- Sector
- Consumer Services
Quarterly results
Q1 FY27: revenue up 2.4%, net profit down 4.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 24 | 26 | 27 | 18 −19% | 26 +9% | 26 −0% | 27 +2% |
| EBITDA | 7 | 7 | 4 | 9 | 3 −58% | 6 −24% | 7 +100% | 9 −3% |
| Net profit | 5 | 6 | 3 | 7 | 2 −55% | 5 −17% | 6 +78% | 7 −4% |
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 −3.4% 1Y
1Y: ₹67.29 on 10 Sept 2025 → ₹64.99. High ₹68.91 (18 Sept 2025), low ₹40.43 (30 Mar 2026).
Financials, as filed
Revenue grew 29.9% a year over 5 years, FY19 to FY26. Operating margin widened to 25.9%.
| Year ending | FY19 | FY20 | FY21 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹26 Cr | ₹53 Cr | ₹58 Cr | ₹92 Cr | ₹93 Cr | ₹97 Cr |
| Operating profit | ₹0 Cr | ₹4 Cr | ₹12 Cr | ₹20 Cr | ₹23 Cr | ₹25 Cr |
| Operating margin | 1.0% | 7.1% | 20.0% | 21.1% | 24.9% | 25.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹0 Cr | ₹2 Cr | ₹8 Cr | ₹15 Cr | ₹18 Cr | ₹20 Cr |
| Net margin | 1.7% | 4.3% | 13.9% | 16.6% | 19.4% | 20.6% |
| Cash from operations | ₹1 Cr | ₹4 Cr | ₹3 Cr | ₹19 Cr | ₹-2 Cr | ₹7 Cr |
| Free cash flow | ₹0 Cr | ₹-1 Cr | ₹8 Cr | ₹15 Cr | ₹-2 Cr | ₹4 Cr |
| ROCE | 5.0% | 16.0% | 29.0% | 27.0% | 27.0% | 25.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹27 Cr | ₹27 Cr | ₹40 Cr | ₹40 Cr | ₹40 Cr |
| Reserves | ₹30 Cr | ₹26 Cr | ₹42 Cr | ₹44 Cr | ₹66 Cr | ₹79 Cr |
| Borrowings | ₹3 Cr | ₹4 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹3 Cr | ₹3 Cr | ₹8 Cr | ₹1 Cr | ₹2 Cr | ₹5 Cr |
| Total liabilities | ₹45 Cr | ₹60 Cr | ₹80 Cr | ₹87 Cr | ₹111 Cr | ₹126 Cr |
| Fixed assets | ₹2 Cr | ₹5 Cr | ₹7 Cr | ₹10 Cr | ₹12 Cr | ₹11 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹1 Cr | ₹3 Cr |
| Other assets | ₹39 Cr | ₹50 Cr | ₹69 Cr | ₹73 Cr | ₹98 Cr | ₹112 Cr |
| Total assets | ₹45 Cr | ₹60 Cr | ₹80 Cr | ₹87 Cr | ₹111 Cr | ₹126 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
Since Jun 2025, promoters added +1.43 pp while the public trimmed −1.41 pp. The shareholder count shrank 12% to 12,436.
- Promoters
- 44.0%
- FIIs
- 0.1%
- Public
- 56.0%
Since Jun 2025
- Promoters +1.43 pp
- Public −1.41 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 42.0% to 44.0% — +2.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 42.0%, FIIs 0.0%, Public 58.0%.Dec '23: Promoters 42.0%, Public 58.0%.Mar '24: Promoters 42.2%, Public 57.8%.Jun '24: Promoters 42.3%, Public 57.7%.Sep '24: Promoters 42.3%, FIIs 0.1%, Public 57.6%.Dec '24: Promoters 42.3%, FIIs 0.1%, Public 57.6%.Mar '25: Promoters 42.5%, FIIs 0.1%, Public 57.4%.Jun '25: Promoters 42.5%, FIIs 0.1%, Public 57.4%.Sep '25: Promoters 42.7%, FIIs 0.1%, Public 57.2%.Dec '25: Promoters 43.0%, FIIs 0.1%, Public 57.0%.Mar '26: Promoters 43.4%, FIIs 0.1%, Public 56.6%.Jun '26: Promoters 44.0%, FIIs 0.1%, Public 56.0%.
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.
- Murli Dialani +0.58 pp 10.28% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of M. K. Exim (India) Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Manish Dialani | 27.07% | unchanged |
| Vasudev Fatandas Sawlani | 10.52% | unchanged |
| Murli Dialani | 10.28% | +0.58 pp |
| Disha Murlidhar Sawlani | 5.02% | unchanged |
| Lajwanti M Dialani | 4.71% | unchanged |
| Harishbhai Fatandas Sawlani | 4.03% | unchanged |
| Suryabhan Eknath Dhurpate | 3.43% | unchanged |
| Allwin Multitrade Private Limited | 2.48% | unchanged |
| Reshma Dialani | 1.89% | unchanged |
| Nidhi Pranay Dokania | 1.63% | unchanged |
| M K Exim India Limited - Unclaimed Securities | 1.45% | unchanged |
| Tecknopoint Mercantile Co Private Limited | 1.10% | 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.
What the price assumes
AttractiveTo justify its price of ₹65, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹86 — upside of 32%.
- Growth the price implies
- 6.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 11.6% a year
- net profit, FY24–FY26 · EPS 11.7%
- The gap
- -0.1 pp
- 32% downside if it only repeats history
Learn to analyse M. K. Exim (India) Ltd.
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