About Mrugesh Trading Ltd
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Mrugesh Trading Ltd is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jra Infrastructure Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 07 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1984PLC034746. It is a listed company as per MCA records. Its shares are listed on BSE: 512065.
The company has an authorised share capital of ₹90.25 Cr and a paid-up capital of ₹72.25 Cr. It is led by directors including Babubhai Bhalabhai Makwana (Managing Director) and Swati Jain.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Andheri Kurla Road Marol Nilkanth Park, Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹11.33 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹24 Lakh (net margin -2.1%) and EBITDA of -₹1.32 Cr (EBITDA margin -11.7%).
Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrugeshtrading.com.
Company details
Contact details
Mrugesh Trading Ltd's registered office is in Mumbai, Maharashtra. Its website is mrugeshtrading.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressInnov8 Times Square Unit No – 2 4th Floor A – Wing Time Square Building, Andheri Kurla Road Marol Nilkanth Park Andheri (E), Mumbai, Maharashtra, India – 400059
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Mrugesh Trading Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mrugesh Trading is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Mrugesh Trading Ltd
FY 2025-26 filings availableMrugesh Trading Ltd reported revenue of ₹11.33 Cr (down 44% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 11.33 | 20.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue growth | -44.0% | - | - | - | - | - | - |
| EBITDA | (1.32) | 0.40 | (0.02) | (0.01) | (0.03) | (0.12) | (0.10) |
| EBITDA margin | -11.7% | +2.0% | - | - | - | - | - |
| Profit before tax | (0.24) | 0.40 | (0.02) | (0.01) | (0.03) | (0.13) | (0.12) |
| Net profit | (0.24) | 0.34 | (0.02) | (0.01) | (0.03) | (0.14) | (0.12) |
| Net profit margin | -2.1% | +1.7% | - | - | - | - | - |
| EPS (₹) | 0.00 | 1.41 | (0.68) | (0.35) | (1.17) | (5.74) | (4.74) |
| Balance sheet | |||||||
| Total assets | - | 18.36 | 0.12 | 0.13 | 0.13 | 0.07 | 0.44 |
| Net worth | - | 18.37 | 0.02 | 0.03 | 0.04 | 0.06 | 0.20 |
| Total debt | - | 0.00 | 0.10 | 0.10 | 0.10 | 0.00 | 0.24 |
| Cash & bank | - | 0.17 | 0.14 | 0.14 | 0.14 | 0.27 | 0.15 |
| Net working capital | - | 18.21 | 0.11 | 0.13 | (0.01) | 0.06 | (0.02) |
| Cash flow | |||||||
| Cash from operations | - | (17.85) | 0.00 | 0.00 | 0.02 | (0.10) | (0.09) |
| Cash from investing | - | (0.01) | 0.00 | 0.00 | 0.00 | 0.45 | 0.00 |
| Cash from financing | - | 17.89 | 0.00 | 0.00 | 0.00 | (0.24) | 0.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.43 | 6.51 | 3.84 | 0.98 | 0.00 | 7.78 | 1.56 | 10.90 |
| Revenue growth (YoY) | - | -16.3% | +146.2% | -91.0% | - | - | - | - |
| Other income | 0.28 | 1.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.62 | 8.09 | 3.50 | 1.01 | 0.05 | 8.24 | 1.55 | 9.99 |
| EBITDA | (0.19) | (1.58) | 0.34 | (0.03) | (0.05) | (0.46) | 0.01 | 0.91 |
| EBITDA margin | -44.2% | -24.3% | +8.9% | -3.1% | - | -5.9% | +0.6% | +8.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.09 | (0.50) | 0.34 | (0.03) | (0.05) | (0.46) | 0.01 | 0.91 |
| Tax | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | (0.16) | 0.00 | 0.22 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.43 | 6.51 | 3.84 | 0.98 | 0.00 | 7.78 | 1.56 | 10.90 |
| Revenue growth (YoY) | - | -16.3% | +146.2% | -91.0% | - | - | - | - |
| Other income | 0.28 | 1.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.62 | 8.09 | 3.50 | 1.01 | 0.05 | 8.24 | 1.55 | 9.99 |
| EBITDA | (0.19) | (1.58) | 0.34 | (0.03) | (0.05) | (0.46) | 0.01 | 0.91 |
| EBITDA margin | -44.2% | -24.3% | +8.9% | -3.1% | - | -5.9% | +0.6% | +8.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.09 | (0.50) | 0.34 | (0.03) | (0.05) | (0.46) | 0.01 | 0.91 |
| Tax | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | (0.16) | 0.00 | 0.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 11.33 | 20.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue growth | -44.0% | - | - | - | - | - | - |
| Other income | 1.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 12.65 | 19.84 | 0.02 | 0.01 | 0.03 | 0.12 | 0.10 |
| Employee cost | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | (1.32) | 0.40 | (0.02) | (0.01) | (0.03) | (0.12) | (0.10) |
| EBITDA margin | -11.7% | +2.0% | - | - | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
| Profit before tax | (0.24) | 0.40 | (0.02) | (0.01) | (0.03) | (0.13) | (0.12) |
| Tax | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Net profit | (0.24) | 0.34 | (0.02) | (0.01) | (0.03) | (0.14) | (0.12) |
| Net profit margin | -2.1% | +1.7% | - | - | - | - | - |
| EPS (₹) | 0.00 | 1.41 | (0.68) | (0.35) | (1.17) | (5.74) | (4.74) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| Reserves & surplus | - | 0.12 | (0.23) | (0.22) | (0.21) | (0.19) | (0.05) |
| Shareholders' funds (net worth) | - | 18.37 | 0.02 | 0.03 | 0.04 | 0.06 | 0.20 |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | - | 0.00 | 0.10 | 0.10 | 0.10 | 0.00 | 0.24 |
| Total debt | - | 0.00 | 0.10 | 0.10 | 0.10 | 0.00 | 0.24 |
| Total liabilities | - | 18.36 | 0.12 | 0.13 | 0.13 | 0.07 | 0.44 |
| Assets | |||||||
| Gross block | - | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | - | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.45 |
| Inventories | - | 11.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | - | 6.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | - | 0.17 | 0.14 | 0.14 | 0.14 | 0.27 | 0.15 |
| Loans & advances | - | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.03 |
| Total current assets | - | 18.49 | 0.15 | 0.14 | 0.14 | 0.27 | 0.18 |
| Total current liabilities | - | 0.28 | 0.04 | 0.01 | 0.15 | 0.21 | 0.20 |
| Net working capital | - | 18.21 | 0.11 | 0.13 | (0.01) | 0.06 | (0.02) |
| Total assets | - | 18.36 | 0.12 | 0.13 | 0.13 | 0.07 | 0.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.14 | 0.14 | 0.14 | 0.12 | 0.15 | 0.15 |
| Net cash from operating activities | - | (17.85) | 0.00 | 0.00 | 0.02 | (0.10) | (0.09) |
| Net cash from investing activities | - | (0.01) | 0.00 | 0.00 | 0.00 | 0.45 | 0.00 |
| Net cash from financing activities | - | 17.89 | 0.00 | 0.00 | 0.00 | (0.24) | 0.09 |
| Net change in cash | - | 0.03 | 0.00 | 0.00 | 0.02 | 0.12 | 0.00 |
| Closing cash | - | 0.17 | 0.14 | 0.14 | 0.14 | 0.27 | 0.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -44.0% | - | - | - | - | - | - |
| EBITDA growth | -430.0% | +2100.0% | -100.0% | +66.7% | +75.0% | -20.0% | - |
| PBT growth | - | +9998.0% | -100.0% | +66.7% | +76.9% | -8.3% | -100.0% |
| Net income growth | -170.6% | +1800.0% | -100.0% | +66.7% | +78.6% | -16.7% | - |
| Revenue CAGR (3Y) | - | - | - | - | -100.0% | -100.0% | -100.0% |
| EBITDA CAGR (3Y) | +409.2% | - | -45.0% | -53.6% | -9.1% | +44.2% | - |
| Profitability & leverage | |||||||
| Net income margin | -2.1% | +1.7% | - | - | - | - | - |
| Return on capital employed | - | +4.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +3.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.01 | 4.00 | 2.86 | 1.02 | 0.93 | 0.78 |
| Long-term debt / equity | - | 0.01 | 4.00 | 2.86 | 1.02 | 0.93 | 0.48 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -8.33 | -20.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4,048.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | - | 3.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 5.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.00 | 1.41 | (0.68) | (0.35) | (1.17) | (5.74) | (4.74) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 1.48 | 0.67 | 0.90 | 1.25 | 2.42 | 8.15 |
To see the full year-wise statements and ratios of Mrugesh Trading Ltd, buy the company report.
Board of directors of Mrugesh Trading Ltd
Mrugesh Trading has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swati Jain | Director | 24 May 2024 | 2 Years 5 Months | Current |
| Peeyush Sethia Also directs: LS Industries Limited, Esquire Money Guarantees Ltd, Take Solutions Limited and 3 more | Additional Director | 19 Jun 2024 | 2 Years 4 Months | Current |
| Ajit Dashrathji Thakor Also directs: Technoclare Infoways Private Limited | Director | 19 Apr 2024 | 2 Years 6 Months | Current |
| Babubhai Bhalabhai Makwana | Managing Director | 20 Feb 2026 | 0 Years 8 Months | Current |
Auditor
Mrugesh Trading Ltd is audited by Sanjeev Gaurav & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanjeev Gaurav & Associates | FY 2022 | 017483C |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 0.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 99.80%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 0.20% | 0.20% | 74.40% | 74.40% |
| Public | 99.80% | 99.80% | 25.60% | 25.60% |
Legal cases
Mrugesh Trading Ltd has 7 court cases on record: 3 filed by Mrugesh Trading, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed by the company against United India Insurance Co Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Indian Bank | Disposed |
| Supreme Court | Court case (9999-Other) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Income Tax Cases) | Filed against the company by an individual | Disposed |
To see the full case history of Mrugesh Trading Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mrugesh Trading Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mrugesh Trading Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mrugesh Trading Ltd has 39 board changes on record since 1986: 22 appointments and 17 cessations. The latest: Babubhai Bhalabhai Makwana was appointed as Managing Director on 20 Feb 2026.
30 earlier events are in the company report.
Frequently asked questions
Mrugesh Trading is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 07 December 1984 (42+ years old) and is registered under CIN L74999MH1984PLC034746. Listed on BSE: 512065.
Mrugesh Trading reported revenue of ₹11.33 Cr for FY 2025-26 (down 44% YoY) based on standalone financials.
Mrugesh Trading has 4 current directors:
- Babubhai Bhalabhai Makwana - Managing Director
- Swati Jain - Director
- Peeyush Sethia - Additional Director
- Ajit Dashrathji Thakor - Director
The latest financial statements of Mrugesh Trading on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mrugesh Trading is L74999MH1984PLC034746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mrugesh Trading is a listed company as per MCA records. Its shares are listed on BSE (code: 512065).
Mrugesh Trading has 7 court cases on record: 3 filed by the company and 4 filed against it. Most are in the high courts.
Mrugesh Trading was incorporated on 07 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Babubhai Bhalabhai Makwana was appointed as Managing Director on 20 Feb 2026. Jugalkishor Ramkishan Agrawal ceased to be Whole-Time Director on 19 Jun 2024. Peeyush Sethia was appointed as Additional Director on 19 Jun 2024. Mrugesh Trading has 39 board changes on record in total.
Mrugesh Trading can be reached through the website mrugeshtrading.com. Its registered office is in Mumbai, Maharashtra, India.