MULLER

Muller & Phipps (India) financials

Market cap
₹15 Cr

Quarterly results

Q1 FY27: revenue up 60.9%, net profit down 84.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1 2 2 1 2 +50%1 −8%2 −12%1 +61%
EBITDA-0 -0 -1 -0 -0 +75%-0 −121%-0 +27%-0 +49%
Net profit-0 -0 -0 1 -0 +87%-0 −225%-0 +30%0 −84%
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 −16.7% 1Y

₹200₹220₹240₹260Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹261.5 on 9 Sept 2025 → ₹217.8. High ₹264 (12 Dec 2025), low ₹189.25 (24 Mar 2026).

Financials, as filed

Revenue grew 16.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to -21.7%.

Year endingFY24FY25FY26
Revenue₹4 Cr₹6 Cr₹6 Cr
Operating profit₹-0 Cr₹-1 Cr₹-1 Cr
Operating margin-0.5%-16.6%-21.7%
Interest₹0 Cr₹0 Cr₹0 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr
Net profit₹1 Cr₹-1 Cr₹-0 Cr
Net margin17.4%-12.9%-0.9%
Cash from operations₹1 Cr₹-0 Cr₹0 Cr
Free cash flow₹1 Cr₹-0 Cr₹0 Cr
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Reserves₹-3 Cr₹-3 Cr₹-3 Cr₹-2 Cr₹-2 Cr₹-3 Cr
Borrowings₹2 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Other liabilities₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹7 Cr₹7 Cr
Total liabilities₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr
Fixed assets₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr
Total assets₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 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 1% to 1,870.

Promoters
51.6%
DIIs
0.0%
Public
48.4%

Since Jun 2025

  • Promoters 0.00 pp
  • DIIs 0.00 pp
  • Public 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Dec '23: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Mar '24: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Jun '24: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Sep '24: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Dec '24: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Mar '25: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Jun '25: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Sep '25: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Dec '25: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Mar '26: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Jun '26: Promoters 51.6%, DIIs 0.0%, Public 48.4%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Muller & Phipps (India) Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Development Holding Asia Limited 51.63%unchanged
Swar Investments And Trading Co Pvt Ltd 9.02%unchanged
Satyajyoti Holdings Private Limited 7.92%unchanged
Chandra Prabha Gandhi 3.03%unchanged
Rekha Bhupendra Dalal 2.72%unchanged
Vishal Gandhi 2.49%unchanged
Dravya Finance Limited 1.70%unchanged
Pursarth Trading Company Pvt Ltd 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.

Learn to analyse Muller & Phipps (India) Ltd.

Guides on how to read this kind of business and the numbers that matter.