Share the post "Mihika Industries Ltd. Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Mihika Industries Ltd. has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 0.47 | 0.47 | 47.14 | 47.14 | 0 |
| Public | 0.53 | 0.53 | 52.86 | 52.86 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 47.14% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. Public shareholding remained consistent, holding steady at 52.86% in both December 2023 and March 2024. This indicates that the Public control over the company did not change during this period.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.047 | 0.059 | 4.73 | 5.91 | + 1.18 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.301 | 0.282 | 30.13 | 28.23 | -1.9 % |
| BHIMABHAI JALANDHAR THAKOR | 0.024 | 0.025 | 2.38 | 2.52 | + 0.14 % |
| Bodies Corporate | 0.180 | 0.187 | 18 | 18.71 | + 0.71 % |
| VAKANDA SERVICES PRIVATE LIMITED | 0.031 | 0.048 | 3.12 | 4.8 | + 1.68 % |
| SAPTSWATI PRIVATE LIMITED | 0 | 0.026 | 0 | 2.64 | +2.64% |
| BHAGYALAXMI VINCOM PRIVATE LIMITED | 0.014 | 0 | 1.44 | 0 | -1.44% |
| MAJESTIC DEALMARK PRIVATE LIMITED | 0.014 | 0 | 1.41 | 0 | -1.41% |
Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 1.18 %.Observations show a significant difference of -1.9 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, BHIMABHAI JALANDHAR THAKOR has significantly boosted stakeholding by an impressive 0.14 %.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.71 %.Leading the way to higher stakeholding, VAKANDA SERVICES PRIVATE LIMITED has significantly boosted stakeholding by an impressive 1.68 %.SAPTSWATI PRIVATE LIMITED had no shares in the previous quarter but now holds 2.64% of shares in the current quarter.BHAGYALAXMI VINCOM PRIVATE LIMITED had 1.44% of shares in the previous quarter but exited in the current quarter.MAJESTIC DEALMARK PRIVATE LIMITED had 1.41% of shares in the previous quarter but exited in the current quarter.
38
3-Year Profit
25
5-Year Profit
34
10-Year Profit
24.7
Current Price
24.7
Market Cap
The financial outlook for the company under BSE code 538895 reveals a significant five-year profit of 25 percents. This marks a notable increase to 38 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of 113 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 0 percents over the past five years but experiencing a dramatic drop to 3 percents within the last year. Over a decade, the stock price was at 0 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
Currently valued at ₹24.7 crore, the company's stock price stands at ₹24.7. Over the years, it has seen significant fluctuations, with its price ranging from ₹45.8 / 21.0, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 130, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹21.8, which represents the net asset value of the company per share. The dividend yield of 0.00% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 0.87%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 0.87%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.00, signaling conservative financial management. However, the net cash flow is negative at ₹-0.53 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 8.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹9.66, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 1.13, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
