About Mahan
Mahan is a publicly listed company based in India founded in 1992. Investment company dealing in equity shares, loans, and commodity trading through stock exchanges. It operates on a B2B and Investment model in Agriculture and Technology sectors. Its website mahan.co.in draws about 681 thousand monthly visits. Its Indian entity Mahan Industries Limited reported revenue of ₹6.25 Cr. Mahan offers products and services including Investment Services, Loan Provision, and Commodity Trading. Its focus areas include Commodities, Trading, Commodity Markets and Opportunistic Trading.
Company details
Mahan Industries Limited operates as an investment firm, primarily investing in equity shares of companies listed on the Mumbai and National Stock Exchanges. It conducts financial activities by acquiring investments in the secondary market and providing equity capital, loans, and debts to businesses and high net worth individuals. The company generates income from dividends, interests, and profits from security sales. Based in Ahmedabad, India, it also engages in commodity trading for additional revenue. Its activities involve studying company prospects before investments.
- Headquarters India
- Stage Public
- SectorsAgricultureTechnology
- Email••••••••
- Website mahan.co.in
- Legal Name Mahan Industries Limited
- Market Cap₹17.46 Cr
MAHANIN · BSE
- Share Price₹36.87
-5.00% today
- Revenue₹6.24 Cr
FY 2025-26 · +187.6% YoY
- EBITDA₹0.11 Cr
Margin 1.8%
- Net Profit₹0.05 Cr
FY 2025-26 · +225.0% YoY
- P/E (TTM)6.2x
P/B 2.1x
- ROE0.8%
ROCE 1.2%
- Debt / Equity0.84
Interest cover 63.6x
Associated legal entities of Mahan
Mahan operates through Mahan Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mahan Industries Limited Listed CIN L91110GJ1995PLC024053 | Active | 02 Jan 1995 | Ahmedabad, Gujarat | ₹6.2 Cr | 8 | View details |
Products & Services of Mahan
Mahan offers a comprehensive portfolio of products and services, including Investment Services, Loan Provision, and Commodity Trading.
Services for investing in equity shares and providing loans to companies
Offering debts and loans to businesses and individuals for capital needs
Trading commodities to capitalize on market opportunities for income
Board of directors of Mahan Industries Limited (Mahan)
Mahan Industries Limited is the primary company behind Mahan. The board of Mahan Industries Limited currently have 6 directors; the longest-serving is Yogendrakumar Gupta Prabhudayal, appointed in 1995. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yogendrakumar Gupta Prabhudayal DIN 01726701 | Managing Director | 02 Jan 1995 | 31 yrs 9 mo | Mahan Industries Limited |
| Amita Chhaganbhai Pragada DIN 09578592 | Director | 12 Aug 2024 | 2 yrs 2 mo | Mahan Industries Limited |
| Yash Kamleshkumar Shah DIN 10565098 | Director | 26 Dec 2024 | 1 yr 10 mo | Mahan Industries Limited |
| Sushilkumar Goel DIN 10647484 | Director | 26 Dec 2024 | 1 yr 10 mo | Mahan Industries Limited |
| Niranjankumar Navratanmal Jain DIN 00282842 | Additional Director | 05 Nov 2025 | 11 mo | Mahan Industries Limited |
| Nishil Shah DIN 09165405 | Additional Director | 05 Nov 2025 | 11 mo | Mahan Industries Limited |
IPO & Listings of Mahan
Mahan is a publicly listed company on the BSE with ticker symbol MAHANIN in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onBSE: MAHANIN
- Listed entityMahan Industries Limited
- Exchange sectorFinance
- ISININE735D01041
- Share price₹41.14 (+4.98% on the day) · 2026-10-14
- Market capitalisation₹17.6 Cr
- Volume (last session)23,868
Financials of Mahan
Exchange-reported figures of Mahan Industries Limited, the listed company behind Mahan (BSE: MAHANIN).
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 | 6.24 | 2.17 | 0.71 | 1.17 | 0.72 | 0.33 | 0.69 |
| Revenue growth | +187.6% | +205.6% | -39.3% | +62.5% | +118.2% | -52.2% | - |
| EBITDA | 0.11 | (0.10) | (0.02) | 0.00 | (0.16) | (3.21) | (0.96) |
| EBITDA margin | +1.8% | -4.6% | -2.8% | 0.0% | -22.2% | -972.7% | -139.1% |
| Profit before tax | 0.05 | (0.13) | (0.05) | (0.03) | (0.16) | (3.21) | (0.89) |
| Net profit | 0.05 | (0.04) | (0.05) | (0.03) | (0.16) | (3.21) | (0.89) |
| Net profit margin | +0.8% | -1.8% | -7.0% | -2.6% | -22.2% | -972.7% | -129.0% |
| EPS (₹) | 0.10 | (0.30) | (0.01) | (0.01) | (0.05) | (0.89) | (0.25) |
| Balance sheet | |||||||
| Total assets | 10.47 | 8.63 | 6.51 | 6.57 | 3.12 | 3.28 | 6.50 |
| Net worth | 5.21 | 5.16 | 3.05 | 3.10 | 3.12 | 3.28 | 6.50 |
| Total debt | 5.27 | 3.47 | 3.47 | 3.48 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.02 | 0.01 | 0.02 | 0.00 | 0.00 | 0.05 | 0.02 |
| Net working capital | 2.14 | 2.57 | 2.51 | 2.45 | 1.65 | 1.80 | (1.44) |
| Cash flow | |||||||
| Cash from operations | 0.49 | (1.93) | 0.03 | (0.07) | (0.65) | (1.82) | 0.09 |
| Cash from investing | (2.27) | (0.33) | (0.01) | (0.01) | (0.01) | (0.01) | 0.51 |
| Cash from financing | 1.80 | 2.25 | 0.00 | 0.08 | 0.61 | 0.01 | (0.60) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.31 | 2.66 | 2.36 | 1.59 | 1.50 | 0.65 | 0.32 | 0.94 |
| Revenue growth (YoY) | +254.0% | +309.2% | +637.5% | +69.2% | +305.4% | +41.3% | - | - |
| Other income | 0.01 | 3.04 | 0.00 | 0.13 | 0.00 | 0.00 | 0.07 | 0.00 |
| Total expenses | 3.58 | 3.53 | 2.12 | 1.97 | 1.46 | 0.57 | 0.59 | 0.95 |
| EBITDA | 1.73 | (0.87) | 0.24 | (0.38) | 0.04 | 0.08 | (0.27) | (0.01) |
| EBITDA margin | +32.6% | -32.7% | +10.2% | -23.9% | +2.7% | +12.3% | -84.4% | -1.1% |
| Depreciation | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.08 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 1.65 | 2.14 | 0.22 | (0.27) | 0.02 | 0.07 | (0.21) | (0.02) |
| Tax | 0.37 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.31 | 2.66 | 2.36 | 1.59 | 1.50 | 0.65 | 0.32 | 0.94 |
| Revenue growth (YoY) | +254.0% | +309.2% | +637.5% | +69.2% | +305.4% | +41.3% | - | - |
| Other income | 0.01 | 3.04 | 0.00 | 0.13 | 0.00 | 0.00 | 0.07 | 0.00 |
| Total expenses | 3.58 | 3.53 | 2.12 | 1.97 | 1.46 | 0.57 | 0.59 | 0.95 |
| EBITDA | 1.73 | (0.87) | 0.24 | (0.38) | 0.04 | 0.08 | (0.27) | (0.01) |
| EBITDA margin | +32.6% | -32.7% | +10.2% | -23.9% | +2.7% | +12.3% | -84.4% | -1.1% |
| Depreciation | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.08 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 1.65 | 2.14 | 0.22 | (0.27) | 0.02 | 0.07 | (0.21) | (0.02) |
| Tax | 0.37 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.24 | 2.17 | 0.71 | 1.17 | 0.72 | 0.33 | 0.69 |
| Revenue growth | +187.6% | +205.6% | -39.3% | +62.5% | +118.2% | -52.2% | - |
| Other income | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 |
| Total expenses | 6.13 | 2.27 | 0.73 | 1.17 | 0.88 | 3.54 | 1.65 |
| Employee cost | 0.00 | 0.19 | 0.15 | 0.16 | 0.18 | 0.13 | 0.11 |
| EBITDA | 0.11 | (0.10) | (0.02) | 0.00 | (0.16) | (3.21) | (0.96) |
| EBITDA margin | +1.8% | -4.6% | -2.8% | 0.0% | -22.2% | -972.7% | -139.1% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.07 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.05 | (0.13) | (0.05) | (0.03) | (0.16) | (3.21) | (0.89) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.05 | (0.04) | (0.05) | (0.03) | (0.16) | (3.21) | (0.89) |
| Net profit margin | +0.8% | -1.8% | -7.0% | -2.6% | -22.2% | -972.7% | -129.0% |
| EPS (₹) | 0.10 | (0.30) | (0.01) | (0.01) | (0.05) | (0.89) | (0.25) |
| 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 | 4.50 | 4.50 | 36.00 | 36.00 | 36.00 | 36.00 | 36.00 |
| Reserves & surplus | 0.71 | 0.66 | (32.95) | (32.90) | (32.88) | (32.72) | (29.50) |
| Shareholders' funds (net worth) | 5.21 | 5.16 | 3.05 | 3.10 | 3.12 | 3.28 | 6.50 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 5.27 | 3.47 | 3.47 | 3.48 | 0.00 | 0.00 | 0.00 |
| Total debt | 5.27 | 3.47 | 3.47 | 3.48 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 10.47 | 8.63 | 6.51 | 6.57 | 3.12 | 3.28 | 6.50 |
| Assets | |||||||
| Gross block | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
| Net block | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.91 | 0.32 | 0.00 | 0.00 | 0.00 | 1.42 | 3.28 |
| Inventories | 1.23 | 0.29 | 0.18 | 0.13 | 0.12 | 0.08 | 0.04 |
| Sundry debtors | 1.29 | 2.27 | 2.27 | 2.32 | 4.86 | 4.41 | 1.26 |
| Cash & bank balances | 0.02 | 0.01 | 0.02 | 0.00 | 0.00 | 0.05 | 0.02 |
| Loans & advances | 0.09 | 0.11 | 0.11 | 0.09 | 0.09 | 0.08 | 0.07 |
| Total current assets | 2.63 | 2.68 | 2.58 | 2.54 | 5.07 | 4.62 | 1.39 |
| Total current liabilities | 0.49 | 0.11 | 0.07 | 0.09 | 3.42 | 2.82 | 2.83 |
| Net working capital | 2.14 | 2.57 | 2.51 | 2.45 | 1.65 | 1.80 | (1.44) |
| Total assets | 10.47 | 8.63 | 6.51 | 6.57 | 3.12 | 3.28 | 6.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.01 | 0.02 | 0.00 | 0.00 | 0.05 | 0.02 | 0.02 |
| Net cash from operating activities | 0.49 | (1.93) | 0.03 | (0.07) | (0.65) | (1.82) | 0.09 |
| Net cash from investing activities | (2.27) | (0.33) | (0.01) | (0.01) | (0.01) | (0.01) | 0.51 |
| Net cash from financing activities | 1.80 | 2.25 | 0.00 | 0.08 | 0.61 | 0.01 | (0.60) |
| Net change in cash | 0.02 | (0.01) | 0.02 | 0.00 | (0.04) | (1.82) | 0.00 |
| Closing cash | 0.02 | 0.01 | 0.02 | 0.00 | 0.00 | 0.05 | 0.02 |
| 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 | +187.6% | +205.6% | -39.3% | +62.5% | +118.2% | -52.2% | - |
| EBITDA growth | +210.0% | -400.0% | - | +100.0% | +95.0% | -234.4% | - |
| PBT growth | +9998.0% | -160.0% | -66.7% | +81.3% | +95.0% | -260.7% | +75.5% |
| Net income growth | +225.0% | +20.0% | -66.7% | +81.3% | +95.0% | -260.7% | - |
| Revenue CAGR (3Y) | +74.6% | +44.5% | +29.1% | +19.3% | +16.1% | +154.6% | +62.8% |
| EBITDA CAGR (3Y) | - | -14.5% | -81.6% | -100.0% | -64.7% | +118.0% | +11.1% |
| Profitability & leverage | |||||||
| Net income margin | +0.6% | -6.0% | -7.0% | -2.6% | -22.2% | -972.7% | -129.0% |
| Return on capital employed | +1.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.84 | 0.85 | 1.13 | 0.56 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.84 | 0.85 | 1.13 | 0.56 | 0.00 | 0.00 | 0.00 |
| Interest cover | 63.64 | -30.00 | -150.00 | - | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 23.96 | 8.35 | 2.73 | 4.50 | 2.77 | 1.27 | 2.92 |
| Inventory turnover | 8.20 | 9.23 | 4.58 | 9.36 | 7.20 | 5.50 | 4.22 |
| Debtors turnover | 3.50 | 0.96 | 0.31 | 0.33 | 0.16 | 0.12 | 0.61 |
| EPS (₹) | 0.10 | (0.30) | (0.01) | (0.01) | (0.05) | (0.89) | (0.25) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 11.57 | 11.47 | 0.85 | 0.86 | 0.87 | 0.91 | 1.81 |
Web traffic of Mahan
The website of Mahan (mahan.co.in) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
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| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Top companies in Agricultural Trading
3 companies that operate in the same segment as Mahan (Agricultural Trading) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2000 | Gurugram, Haryana, India | ||||
Food processing, export of agro commodities, and production of branded products in India. | 1865 | Mumbai, Maharashtra, India | USD 1.61 B | 444 | ||
Manufacturer of chemical fertilizers and seeds | 1985 | Delhi, Delhi, India | USD 742.24 M | 3,320 |
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Frequently Asked Questions about Mahan
Mahan was founded in 1992.
Mahan is headquartered in India.
The primary company behind Mahan, Mahan Industries Limited, reported revenue of ₹6.25 Cr for FY 2026, up 188% year on year.
Mahan Industries Limited operates as an investment firm, primarily investing in equity shares of companies listed on the Mumbai and National Stock Exchanges. It conducts financial activities by acquiring investments in the secondary market and providing equity capital, loans, and debts to businesses and high net worth individuals. The company generates income from dividends, interests, and profits from security sales. Based in Ahmedabad, India, it also engages in commodity trading for additional revenue. Its activities involve studying company prospects before investments.
Mahan offers Investment Services, Loan Provision, and Commodity Trading.
Yes, Mahan is publicly traded on BSE under the ticker symbol MAHANIN.
Mahan operates through Mahan Industries Limited.
The legal entities of Mahan currently have 7 directors, including Yogendrakumar Gupta Prabhudayal, Niranjankumar Navratanmal Jain, Nishil Shah and others.
The website of Mahan receives about 681 thousand visits a month.